#NewsAboutCrypto Here’s a compressed update on cryptocurrency news as of December 29, 2024:

1. Bitcoin (BTC):

Price near $100,000, with large transfers to exchanges suggesting possible selling pressure.

2. Regulations:

Russia bans crypto mining in 10 regions starting January 2025 due to energy concerns.

The U.S. IRS introduces new crypto reporting rules targeting brokers.

3. Market Trends:

Altcoin market nearing "euphoria" phase with bullish predictions.

Bitcoin price forecasts for 2025 range from $150K to $400K.

4. Ethereum:

Institutional interest surges with ETF inflows doubling, though price faces resistance at $3,500.

5. Memecoins:

Market saw a $40B loss, but some tokens like $PENGU show resilience.

6. Global Adoption:

El Salvador holds 6,000 BTC ($569M), reaffirming its crypto strategy.

7. Expert Opinions:

Robert Kiyosaki advises Bitcoin as a hedge against financial instability.

Crypto continues to see regulatory, market, and adoption shifts heading into 2025.