Elon Musk Just Quietly Confirmed A Huge Bitcoin And Crypto Price Game-Changer

Now, as Tesla billionaire Elon Musk issues a "super fast" U.S. bankruptcy warning, the X owner has quietly confirmed a bitcoin and crypto market game-changer.

Musk sparked a fresh round of speculation over payments on the social media company he bought and rebranded from Twitter when he shared a screenshot of the app that included a $ button.

"My speculation is that "$" button is used for sending money to someone as a part of X Payments," app researcher Nima Owji posted to X—to which Musk replied: "True."

The confirmation pushed up the price of the meme-based dogecoin which has long traded on expectations that Musk could expand support for the cryptocurrency to X.

X, which Musk plans on developing into an "everything app" similar to the China-based Wechat, has been quietly acquiring money-transmitting licenses across the U.S. over the last couple of years.

Since Musk bought Twitter and rebranded it X, there has been widespread speculation that he could add support for bitcoin, dogecoin and other cryptocurrencies such as ethereum and XRP in a similar way PayPalPayPal 0.0% did in late 2020—kicking off the 2021 bitcoin price boom.

$SHIB is going bullish at the moment a possibility of pull back is certain if BTC revert to downward, enter the market for long with a sophisticated stop loss

$PENGU Token Price Soars 20% Amid Major Listing, Rally To Sustain?

HIGHLIGHTS

Bithumb lists PENGU in its KRW market, sparking significant investor attention.
PENGU token price surges 18% after the listing announcement on the South Korean exchange.
Pudgy Penguins gains traction as PENGU positions for wider adoption in the crypto market.

One of South Korea’s largest crypto exchanges, Bithumb, has listed Pudgy Penguins on its platform. PENGU token price surged 20% following the listing announcement, reflecting increased investor interest amid major listings. The token has garnered significant traction due to its strong community support and recent market activities. Besides, this new listing positions PENGU token for greater adoption, especially within the Korean market, further fueling its ongoing rally.

PENGU Token Price Soars After Bithumb Listing

On December 24, Bithumb announced the addition of Pudgy Penguins (PENGU) token to its KRW market. Deposits and withdrawals for the Solana-based token opened two hours after the notice, with trading scheduled to commence at 5:00 PM KST. The base price was set at 43.89 KRW, aligning with its growing demand in the crypto space.

To ensure secure trading, Bithumb implemented temporary restrictions on buy and sell orders. Buying orders were paused for the first five minutes after trading started. Similarly, selling orders were restricted to avoid drastic price movements, capped at -10% and +100% of the standard price during the initial trading phase.

Meanwhile, deposits are exclusively supported through Bithumb-approved exchanges and the Solana network. Non-compliant deposits may face delays in processing or refunds, making adherence to Bithumb’s deposit policies crucial for users.

Pudgy Penguins Rally To Continue?

PENGU token price experienced a significant 20% surge, trading at $0.031. Its 24-hour low and high are $0.02573 and $0.03157 respectively. With a market capitalization of $1.96 billion and a trading volume of $581 million, the token is gaining significant attention. #MarketRebound

#MicroStrategyInNasdaq100

MicroStrategy Joins Nasdaq 100 as Bitcoin Price Soars

Correlation between MSTR and largest cryptocurrency has been strikingly strong

MicroStrategy (MSTR.O) will join the Nasdaq-100 Index Dec. 23, following a sixfold surge in its stock this year, driven by its aggressive Bitcoin investments. Inclusion is expected to boost the stock as ETFs tied to the index purchase shares.

The addition, announced after the market close on Friday, was anticipated by investors ahead of the index’s rebalancing.

The company, now the largest corporate holder of Bitcoin, shifted its strategy in 2020 amid challenges in its software business. Analysts predict this milestone could pave the way for future inclusion in the S&P 500 by 2025.

The Nasdaq-100 Index, which features 100 of the largest nonfinancial companies in the Nasdaq Composite, will add MicroStrategy (MSTR.O) Dec. 23. The inclusion will prompt ETFs like the Invesco QQQ Trust, managing $325 billion in assets, to purchase the stock automatically.

The list of companies included in the index includes such big names as Apple, Nvidia, Amazon, Tesla, Alphabet, T-Mobile, Adobe, Cisco, Intuit.

Elon Musk’s D.O.G.E is coming after the Federal Reserve as it scrambles to explain last week’s hawkish cut

Elon Musk slammed the Federal Reserve, saying it’s “absurdly overstaffed,” while teaming up with Trump to cut $2 trillion in government spending. Trump mocked Jerome Powell’s job at the central bank, calling it the easiest gig ever, and promised to hold the central bank accountable. The Fed’s latest rate cut spooked markets, with major stock indexes dropping over 3% and Bitcoin tumbling, as inflation stays stubborn and rate cuts slow down.

Elon Musk has set his sights on the Federal Reserve, calling it “absurdly overstaffed” in a post on X (formerly Twitter).

The eccentric billionaire, soon to lead the Department of Government Efficiency (D.O.G.E.) under President Donald Trump, seems interested in picking apart the central bank.

His comment came after the central bank announced a disappointing “hawkish rate cut,” leaving markets rattled and drawing sharp criticism from Trump. The Fed employs about 24,000 people across its 12 regional banks and the Board of Governors in Washington, a number Elon and Trump find excessive.

Elon, alongside entrepreneur Vivek Ramaswamy, is leading Trump’s $2 trillion government efficiency overhaul. “We’re trimming the fat,” Trump said during his campaign. “No one gets to sit around collecting a paycheck for doing nothing — not even Jerome Powell.”

Trump and Elon vs. the Fed and Powell

The President has been gunning for the central bank since day one. He blames its monetary policy for holding back economic growth during his first term and has taken many direct jabs at Powell, the Fed Chair he appointed.

“It’s the easiest job in government,” Trump has mocked. “You show up once a month, say something vague, and then leave the rest to chance.”

Elon’s new role as one of Trump’s closest advisors is amplifying these attacks. With D.O.G.E., he plans to overhaul bloated institutions.

#BTCNextMove BTC is dropping drastically, market is looking very bearish a hard pull down is coming forward

Shiba Inu Price Crash To $0.000022 Plunges 43% Of Investors Into Losses

The Shiba Inu price has crashed below $0.000022, declining by more than 20% in just one week. This massive crash has left 43% of SHIB investors facing losses. Moreover, the recent drop in the Shiba Inu price comes alongside a broader meme coin market decline, with top coins like Dogecoin, Pepe, and Bonk also experiencing a price crash.

Investors In Loss As Shiba Inu Crashes Below $0.000022
The Shiba Inu price is struggling to maintain stability after experiencing devastating declines recently. The meme coin’s fall to $0.000020 has been a significant blow to its investors, marking one of the steepest declines in recent months.

While many analysts had forecasted price surges for Shiba Inu, the meme coin has instead been shedding gains. This downturn has been heavily influenced by the broader bearish market conditions and the recent declines in Bitcoin, which continue to weigh on the entire crypto market.

According to data from IntoTheBlock, 43% of Shiba Inu investors are at a loss, while only 53% have seen profits. Additionally, ITB’s on-chain signals indicate that Shiba Inu is mostly bearish, with key indicators like Net Network Growth, large transaction volume, and concentration in the negative.

Shiba Inu is on a downward trajectory, losing 12.6% of its value in the past 24 hours. Over the last week, the doggy-themed meme coin plummeted by a staggering 25%, compounding its losses from the past month, when it recorded a 15% decline.

Amidst the declining SHIB price, whales are also selling off their holdings rapidly. Blockchain wallet tracker LoonOnChain revealed on X (formerly Twitter) that an anonymous whale recently sold 250 billion SHIB valued at $6.05 million. The whale had initially spent $3,800 to buy 15.28 trillion SHIB as early as August 6, 2020, making gains of up to $109 million from his investment.

Bitcoin Price Crash To $96,000: How Low Will BTC Go Before The Bottom Is In?

The Bitcoin price movements in the past 24 hours have sent the entire crypto market into another state of disarray and liquidations. Particularly, Bitcoin has witnessed a price crash of about 5% in the past 24 hours, which has seen it breaking below the $100,000 psychological price threshold again. Although Bitcoin eventually seems to be finding support around $96,000, the leading cryptocurrency is nonetheless down by about 10% in the past three days.

Interestingly, a technical analyst on the TradingView platform suggested that the Bitcoin decline is due to a broader trend in the investment markets, while also pointing to a potential price bottom during the current decline.

Bitcoin Price Declining Between Support Zones In Fibonacci Retracement Levels

Bitcoin’s current price action aligns closely with the Fibonacci retracement levels often used by traders to determine support and resistance. According to the TradingView analysis, the Bitcoin price is now within a retracement zone in the 4-hour timeframe between the 0.618 and 0.786 retracement levels from its recent all-time high of 108,135 which it achieved just three days ago.

Related Reading: Dogecoin Price Action: What To Expect As The DOGE RSI Climbs To 90% Once Again
Historically, this range has acted as a strong support zone where Bitcoin has demonstrated a tendency to bounce back. The analyst highlights that Bitcoin’s love of bouncing up at the 0.786 level suggests the cryptocurrency might find a temporary bottom near this range, which is situated just below the $95,000 price level.

As stated earlier, the Bitcoin price found support at $96,000, but Fibonacci retracements suggest it could further continue on the downside. The analyst suggested it could go down to around $93,800 as an overshoot. Any move lower, however, could risk a more significant collapse.

$WIF Live Price Summary

#MarketPullback WIF wait for a little correction and enter in the market WIF is on very low side it can trigger profits anytime

As of Dec 22, 2024, the global cryptocurrency market cap is $1.84B with a -14.43% change in the last 24 hours. Today's price of WIF is $1.84, with a 24-hour trading volume of $627.19M. WIF is -14.66% in the last 24 hours, with a circulating supply of 998.93M WIF coins and a maximum supply of 998.93M WIF coins. WIF ranks 70 by market cap. It has a 24H high of $2.25 recorded on Dec 22, 2024, and its 24H low so far is $1.84, recorded on Dec 22, 2024.

What Is the Highest Price of WIF?
WIF has an all-time high (ATH) of $4.83 , recorded on Mar 31, 2024.

What Is the Lowest Price of WIF?
WIF has an all-time low (ATL) of $0.00155464, recorded on Dec 13, 2023.

Dogwifhat is a meme coin with a strong community and presence in the meme coin market, leveraging the Solana blockchain for efficient transactions and gaining popularity through its unique identity and robust member engagement.

Dogwifhat’s price performance has been volatile with an all-time high of $4.83 in Mar 31, 2024, reflecting its dynamic market presence and significant growth from a low of $0.00155464 in Dec 13, 2023, and it’s currently priced at $1.84.

Real-time price tracking and market sentiment indicators are essential tools for investors in the cryptocurrency market, with platforms like Coinlib and TradingView offering data visualization and the Fear & Greed Index hinting at current investor mood.

$PENGU also looking very bearish I am seeing market is again on a crash side, a good entry for short with a minor stop could return in good profit

$IDEX is creating bearish momentum in one hour chart, start with 100$ and a 10% stop loss might be handy

It’s just a technical advise further do your own research before entering

$BTC is going to dump again after reaching to 101k the dump session begin and leads to 92k its
My prediction let’s vote for it

SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction

SUI, the native token of the Sui Network, has seen a 13% pullback in the past seven days, halting its bullish rally. The cryptocurrency broke from a 1-month structure, fueling a bearish sentiment among market watchers, who foresee further downside for the token.

SUI Loses Key Support Zone

SUI has been on a downtrend this week, losing the recently gained levels alongside most of the market. The cryptocurrency saw a 5.3% drop in the last 24 hours, which has worried some investors and crypto analysts.

The token registered one of the best performances during Q3, leading the market as one of the few altcoins registering green numbers in most timeframes. SUI started the month by recording a 15% weekly surge, which fueled its rally toward its new all-time high (ATH).

Additionally, the token jumped 25% from its monthly opening, shooting past the $2 barrier to reach a new ETH of $2.35. However, its bullish rally was overshadowed by insider selling allegations on October 13.

Market expert LightCrypto alleged that SUI’s performance would be affected by insiders’ continuous selling, who had unloaded $400 million in SUI tokens.

Following the allegations, the cryptocurrency faced a 15% daily correction but remained above the crucial $2 support level. Since then, the cryptocurrency has moved sideways, hovering between the $2-$2.15 price range until today.

On Tuesday morning, SUI lost the $2 support, plunging 6.5% toward the $1.87 mark before recovering the $1.90 zone. The token’s dip represented a 13% decline from its price seven days ago and an 18.4% drop from its ATH.

Is A 30% Pullback Looming?

Following SUI’s recent price action, some crypto analysts revealed that another pullback seems to be looming. Crypto analyst Altcoin Sherpa weighed in on the markets’ current performance, as it slowed down after Bitcoin’s surge to $69,000 on Sunday.

#BTCNextMove $BTC has clear it’s major liquidity zone at 95300 now next move is upside hopefully

#BinanceAlphaAlert

Bitcoin, Ethereum, and Dogecoin All Dropped

Bitcoin (CRYPTO: BTC) is the biggest loser, falling 6.2% in the past 24 hours as of 3 p.m. ET and dropping below the $100,000 level. Ethereum (CRYPTO: ETH) is down 9.7% in that time to $3,350 and Dogecoin (CRYPTO: DOGE) is off 16.8% to $0.3032.

The Fed's impact on crypto

As much as cryptocurrencies have been marketed as a way out from under the traditional financial ecosystem, the crypto market trades a lot like traditional risk assets like growth stocks. In this case, when interest rates rise, growth stocks fall and crypto moves down along with them.

A FOMO cycle nearing its end?

This current run for crypto started after the election when there was an increase in speculation that President-elect Donald Trump would open up a bull run for the crypto market. And that may happen, but the gains seen didn't line up with any fundamental changes in the industry.

Questions heading into 2025

The gains of the last year were largely based on speculation and momentum from items like the approval of exchange-traded funds (ETFs) and the election. But in 2025 there may be fewer of these tailwinds and pricing is driven by the number of new buyers coming into the market, like Bitcoin.