The crypto market is experiencing a painful downturn, but everything can change! 📉📈 Trading volumes have fallen by 64% in the last days of 2024, but this could be a springboard for price growth. Whales are actively buying up assets, including Dogecoin, which could lead to a jump in the price of meme coins. 🐋 Binance is also increasing its stablecoin reserves, which provides liquidity and stability. This could be a bullish signal for the market!
Bitcoin is in trouble again! 😅 After a recent peak of $108,000, the price of BTC dropped to $92,000, then recovered slightly to $99,000, but went down again. Bitcoin is currently trading just above $94,000, having lost more than 2% in a day. The market capitalization has decreased to $1.870 trillion, and dominance is down to 54.4%.
Altcoins are also in the red zone. Ethereum has fallen to $3,360, XRP is below $2.2, and BNB is struggling around $700. AVAX, SUI, and LINK are experiencing the biggest losses, with LINK dropping nearly 10%. The total market capitalization has decreased by $150 billion in two days. 📉
XRP finished 2024 on a high note but couldn't break the $3 mark. 🤔 However, analysts and ChatGPT predict that the situation may change in 2025 due to increased adoption and favorable regulatory conditions.
The prospects are impressive: XRP could reach $4.5 in the first half of 2025 and even $7 under favorable conditions. But it's important to remember the risks: investors may switch to new cryptocurrencies. 🚀
Bitcoin is soaring again, but this time altcoins stole the show! 🚀 From the start of the year to Christmas, six altcoins saw gains ranging from 1,249% to a whopping 1.84 million%! It was "alt season" in full swing.
Fartcoin was a sensation, soaring 1,847,357%! Memes and utilities rule the roost, and Solana continues to compete with Ethereum in the DeFi world. I wonder what will happen next? 🤔
Vitalik Buterin, co-founder of Ethereum, donated nearly $300,000 to the Khao Kheow Zoo in Thailand, becoming the 'adoptive father' of the dwarf hippopotamus Mu Deng, who inspired the meme-coin MOODENG. 🎉
These funds will go towards improving the zoo's conditions and supporting the wildlife sponsorship program. Mu Deng has become a cultural ambassador for Thailand, and the MOODENG token has attracted the attention of the crypto community despite market fluctuations. 📈
Bitwise launches a new ETF focused on companies adhering to the "bitcoin standard," with a treasury of 1,000 BTC. 🎉 The ETF will account for the market value of the companies' bitcoin assets rather than their capitalization. This is a step towards increasing interest in bitcoin products amid rising BTC prices.
Among the companies meeting the criteria are MicroStrategy, Marathon Digital, and Tesla. Newcomers like KULR Technology are also beginning to invest in BTC. 🌍
Political turmoil in South Korea 🌪️ has sent the won plunging to its lowest since 2009. This has had an impact on Bitcoin's "kimchi premium," with local investors paying 3% more for BTC than in other countries.
The impeachment of the president and prime minister has heightened instability, highlighting the fragility of democracy. 📉 As a result, Koreans are buying BTC as a hedge against the won's depreciation.
KULR Technology Group has joined the crypto trend by purchasing 217.18 Bitcoin worth $21 million. 💰 This is part of their strategy to use excess cash, with plans for more purchases.
The company has partnered with Coinbase Prime to manage their BTC and receive custody services. KULR believes in the long-term potential of Bitcoin as a hedge against inflation and economic challenges. 📈
KULR shares jumped 40.35% on the news, reflecting growing interest in corporate cryptocurrency investment.
Ethereum failed to break through the $4,000 mark and shows a bearish trend. 📉 Investors are concerned about a possible price reversal. On the daily chart, the price bounced off the $4,000 resistance twice and broke through $3,500. A possible drop to $3,000 may determine the medium-term fate of the market.
On the 4-hour chart, the situation is more optimistic: the market may test $3,500 again. The RSI is rising, indicating a bullish momentum. 🚀
On-chain analysis shows that investors sold ETH at $4,000, but now the reserve on exchanges is falling, which may indicate accumulation and a possible price increase.
Merry Christmas, friends! 🎄 Bitcoin tried to stage a holiday rally, but the bears intervened and the price fell to $92K. However, on the eve of the holiday, the bulls returned the price to $99K, but now it is again at $96K. This is a reminder of the importance of caution with leverage.
In other news, Trump promises "great things" for crypto, and MicroStrategy bought 5,262 BTC. Binance supports crypto payments in Thailand, and Bitfinex sees the future of AI in crypto. 🚀
Shiba Inu (SHIB) has become the most traded cryptocurrency in India this year, with 9% of local traders involved in its trading. 🐶
Despite the price drop last month, Shibarium’s improvements and active token burn mechanism could lead to another rally soon. SHIB has grown by 115% since the beginning of the year, making it popular across the globe. 📈
Bitcoin (BTC) continues to struggle below the $100,000 mark despite a recent 2% gain. 📈 However, a popular trading metric on Binance suggests a possible return to that price before the end of the year.
Buying volume on Binance has reached $8.3 billion over the past 60 days, indicating growing investor interest. This could lead to higher prices as buyers actively use up the available liquidity.
Bitcoin holdings on Binance are at their lowest since early 2024, which could indicate growing demand and investor confidence. Some experts are predicting a bullish breakout, with possible targets of $110K-$130K by the end of January. 🚀
XRP is back in the spotlight! 🚀 After a recent dip below $2, the cryptocurrency has recovered to $2.18. Analysts are predicting a possible rise, but reaching $100 seems unlikely due to the need for a market cap of over $5 trillion.
Some experts see potential for a new record at $4, while others believe that a break above $2.65 could lead to "fireworks". Let's keep an eye on the developments! 📈
Strive Asset Management, led by billionaire Vivek Ramaswamy, has filed with the SEC to launch an ETF linked to bitcoin bonds. 🎉 The fund will offer exposure to the bonds of companies that use the funds to buy bitcoin.
The ETF aims to make bitcoin bonds accessible to everyone, including institutional investors. Strive sees bitcoin as an important part of a diversified portfolio that protects against economic risks.
Pi Network has once again delayed its Open Network launch to January 31, 2025, leaving users frustrated as they wait for progress. 😕 Some community members are expressing frustration over the constant delays.
Shiba Inu is expanding its ecosystem by launching "SHIB: The Metaverse," where users can trade virtual real estate and communicate globally. 🌐 This is a step toward transforming from a meme cryptocurrency into a full-fledged ecosystem.
Bitcoin has fallen 12% after reaching $108,000, possibly due to changes in Federal Reserve policy. Investors may be preparing to sell, which could add to the pressure on the price.
Animoka Brands reports that co-founder Yat Siu's account was hacked to promote a scam token on the Pump.fun platform on the Solana network. 🕵️♂️ Researcher ZachXBT linked the hack to a phishing attack that has already affected more than 15 crypto accounts, stealing almost $500,000.
Siu noted that 2FA is not enough to protect accounts. He called on X to improve notifications and verification for increased security. 🔒
South Korea strengthens measures against North Korean cybercrime, which has reached alarming proportions. 🚀 Authorities have imposed sanctions on 15 IT specialists and one organization linked to financing nuclear programs through cryptocurrency theft.
According to a Chainalysis report, North Korean hackers are responsible for 61% of the $2.2 billion stolen in 2024. Hacks, such as the attack on Radiant Capital, demonstrate the growing threat.
SBI VC Trade is preparing to accept the assets and accounts of the affected cryptocurrency exchange DMM Bitcoin! 🚀 The transfer will take place on March 8, 2025, completing the liquidation process following a $305 million hacker attack in May 2024.
DMM customers will automatically transition to the SBI platform, retaining their fiat and crypto assets. SBI will add 14 new cryptocurrencies, including TRX and SAND, and will offer staking for ETH and other tokens. 🪙
DMM ceased operations after unsuccessful recovery attempts. Hackers linked to North Korea are suspected in the attack. SBI promises a smooth transition for all customers.
Bitcoin is becoming an important asset in geopolitics, and many countries are striving to create national reserves, which could change their financial sovereignty. 🌍
Despite global interest in Bitcoin, Japan remains cautious. The government is concerned about the security and volatility of the cryptocurrency, deeming it incompatible with the currency reserve system.
While the USA and Russia view Bitcoin as a strategic reserve, Japan prefers to wait. 🤔
Shiba Inu launches the virtual world "SHIB: The Metaverse"! 🌐 The project, supported by Shibarium, offers users the ability to own, trade, and develop virtual real estate on the blockchain. It is a platform for creativity and global connections.
Shiba Inu has evolved from a meme coin into an ecosystem with projects like Shibarium and Shiba Eternity. 🚀 Recently, the Shibarium network surpassed 700 million transactions, confirming its success.