Bitcoin Weekly Forecast: BTC drops below $95,000 as spot ETFs see largest daily outflow since inception

Bitcoin (BTC) fell below $95,000 on Friday, heading for its lowest week since August. This latest market fall was spurred by the Fed's aggressive rate-cut announcement on Wednesday and the greatest single-day outflow ($671.90) from Bitcoin US spot ETFs on Thursday. Technical indicators show the pullback will continue to $90,000.

Early indicators of Bitcoin institutional demand weakening
Bitcoin hit a record high of $108,353 on Tuesday but fell more than 8% till Thursday. It dropped below $95,000 on Friday.

Institutional demand weakened this week. Coinglass reported three days of $759.4 in Bitcoin Spot Exchange Traded Funds (ETF) inflows till Wednesday, then a $671.90 million outflow on Thursday. This outflow ended a string of inflows since November 27 and was the greatest single-day outflow since Bitcoin's spot ETFs launched in January.

“If I'm a trader and I see those ETF inflows start to slow down, I'd say we'll have some weakness,” Messari CEO Eric Turner told FXStreet in an exclusive interview.

Turner said ETF volumes would be noteworthy since ETFs are a fresh source of money that smooths Bitcoin's volatility.

Pressure from macro factors deepens Bitcoin downturn.
After Wednesday's FOMC meeting, the US Federal Reserve (Fed) slashed rates hawkishly, causing bitcoin prices to fall this week. The Fed decreased the federal funds rate to 4.25% to 4.50% as predicted but projected a slowing in rate decreases in 2025, lowering riskier assets like Bitcoin.

According to CoinGlass, nearly $1.68 billion in total liquidations and $371.51 million in BTC occurred after Bitcoin's price fall on Wednesday and Thursday.

Apart from this hawkish prediction, Fed Chair Jerome Powell declared the Fed “is not allowed to own Bitcoin.” Powell said that the Fed cannot acquire Bitcoin and has no plans to change this stance, which hurt the cryptocurrency.

#BTCNextMove #USJoblessClaimsFall #MarketCorrectionBuyOrHODL? #MarketPullback $BTC $ETH $XRP

BNB Price Expects $1000 Rally as Osprey Trust Drives Institutional Interest

Powell's hawkish statement on Wednesday boosted bitcoin selling pressure. Bitcoin fell below $100k while other major cryptocurrencies, including Binance coin, corrected. A bullish reversal pattern and the newly announced Osprey BNB Chain Trust suggest a strong return for BNB.

The Binance coin price is $668, down 3.7% in 24 hours, according to CoinGecko. Trading volume fluctuates at $2.5 Billion, while the asset's market valuation remains $100.12 Billion.

The new Osprey BNB Chain Trust should boost institutional and retail Binance currency demand.

Inverted head and shoulder reversal pattern completes in BNB price on weekly chart.

As the neckline of the InH&S pattern, $690 supports buyers to maintain the uptrend.

Osprey Funds Founds First US-Listed BNB Trust

The OTCQX Best Market currently lists the Osprey BNB Chain Trust, launched by Osprey Funds, LLC. The first publicly traded US fund based on BNB, the native cryptocurrency of the BNB Chain ecosystem, is a milestone.

The move reflects institutional interest in blockchain-based assets and BNB's rising financial sector presence. For BNB exposure without token ownership, the trust provides a structured investment mechanism.

Trust attracting more people and investment confidence would boost BNB price demand.

BNB Price Reversal Rally Targets $1200
The Binance currency has failed to stay above $760 for two weeks, causing sideways activity on the daily chart. BNB fell to $687, challenging support at the neckline of an inverted head and shoulders (InH&S) pattern as Bitcoin prepares to breach $100,000.

The BNB price accumulated from May 2021 due to the InH&S pattern until November, when it broke out.

If the pattern holds, the correction is retesting the violated trendline as support to rekindle bullish momentum. According to the pattern's technical forecasts, the neckline-bottom support distance predicts a rally goal of $1,200, a 72% increase from present levels.

#BNB #BinanceAlphaAlert #BTCNextMove #MarketPullback $BNB $BTC $ETH

Crypto liquidations reach $1.2B

Bitcoin's (BTC) rapid drop has caused one of the market's largest crypto liquidation events in recent weeks. Coinglass data shows that at least 377 traders were significantly harmed by market instability, emphasizing the hazards of heavily leveraged holdings. Crypto liquidations topped $1 billion today.

Crypto Liquidations: Bitcoin Leads

In 24 hours, crypto liquidations totaled $1.04 billion. Bitcoin was the main cause of the losses at $249.20 million. Short Bitcoin positions liquidated $57.63 million and long ones $191.57 million.

With $211.95 million in liquidations, Ethereum (ETH) also sold down. Long Ethereum liquidations totaled $185.37 million and short liquidations $26.58 million.

Bitcoin's price changes rippled across other significant cryptocurrencies. Coinglass data shows $40.63 million in liquidations for Ripple's XRP, $39.41 million for Solana, $61.21 million for Dogecoin (DOGE), and $9.92 million for Cardano (ADA).

Bitcoin Price Action As Crypto Market Falls

Bitcoin declined 3.53% in 24 hours after reaching a record high of $108,000 earlier in the week. The high was $102,748.15 and the low was $95,587.68.

Thursday's Ethereum price fell 7.03% to $3,421.50. Others were XRP falling 3.46% to $2.27 and Solana down 8.76% to $191.48.

The wider market fell when the Federal Reserve cut interest rates by 0.25% on December 18. The news was followed by a speech by Federal Reserve Chairman Jerome Powell that many saw as negative for Bitcoin.

Powell said that the U.S. will not modify legislation to enable the Federal Reserve to retain Bitcoin as a strategic reserve asset. This statement increased market anxiety and sector selloffs.

#MarketCorrectionBuyOrHODL? #USJoblessClaimsFall #FranklinCryptoETF #FullMarketBullRun $BTC $ETH $XRP

Dogecoin Can Rebound As RSI Oversold Near $0.3566

Dogecoin is nearing a key point around $0.3566, with the RSI showing oversold circumstances. This shows that the asset may be undervalued after the current sell-off, allowing a comeback.

Whether the bulls can use this chance to rebound is doubtful. With the market tired, $0.3563 is a key level. Dogecoin's next big rise may depend on the price's next few sessions.

DOGE's resilience at the 100-day SMA suggests bulls are trying to retake control. As the price structure changes, momentum is crucial to confirm a positive breakout. Market emotion and trade dynamics will likely impact the following moves.

DOGE is in the oversold zone with an RSI of 30%. Dogecoin may have been undervalued due to selling pressure, according to this technical indicator. RSI readings below 30% usually signal buyers to reenter the market and recover.

This does not ensure a fast rebound, but it suggests a reversal in the following sessions, particularly if other positive indications match. The RSI rising shortly might indicate a change in emotion and momentum, so traders are watching. With price activity reaching important support levels, the RSI's posture may influence Dogecoin's upcoming moves.

Dogecoin Rebound or Rally?

DOGE's price behavior suggests a comeback or a rally continuation. Given the oversold RSI signal at $0.3563, bulls might force the price higher to capitalize on discounted circumstances. DOGE may test resistance at $0.4484 and resume its upward trend if it recovers.

If negative pressure continues, the cryptocurrency may struggle to restore bullish control and fall toward $0.1800. Dogecoin's direction will be determined by support and resistance levels in the next trading sessions.

#DOGE #ElonMusk #Fed25bpRateCut $BTC $BNB $DOGE

Ethena Price to Reach $1.5? Whale Activity and Boom Significance

As Bitcoin fell below $100k on Thursday, December 19, the crypto market saw another selling wave. Powell's hawkish statement on Wednesday accelerated negative momentum in most major cryptocurrencies, starting this corrective phase. The Ethena price, which lately received market attention, may rebound quickly due to whale buying and reversal setup.

ENA is trading at $0.94, down 12.4% intraday. Its market worth is $2.77 billion, and its 24-hour trading volume is $1.22 billion, according to Coingecko.

Key Highlights:

The big ENA recovery trend is driven by a rounded bottom.

Ethereum price correction support may be $0.88 or $0.76, near to 38.2% and 50% Fibonacci retracement levels.

Positive crossing from the 100- and 200-day exponential moving average might boost bullish momentum and price reversal.

Whales Buy Millions in Tokens, Boosting ENA Futures Open Interest

Whales are buying Ethena (ENA) due to Trump's World Liberty Financial's ties to it.

In 48 hours, a whale opened a new wallet and withdrew 8 million ENA, worth $9.2 million, from Binance. Lookonchain data shows increasing whale activity and token interest.

ENA Whale Buying|Lookonchain

In the last two months, ENA futures open interest has increased 317% from $157 Million to $650 Million. The substantial surge in OI data indicates heightened speculative activity and market involvement, indicating traders are ready for big price volatility.

Futures ENA Open Interest

Ethena Price Correction Sets Up Rounding Bottom
Ethena fell 28% from $1.33 to $0.94 in a four-day correction. Regarding ENA coin performance in November and early December, the current downturn may help purchasers regain positive momentum.

Altcoins trading over 38.2% FIB and important daily EMAs (50, 100, and 200) signal a bullish trend.

A daily chart shows Ethena's price recovering in a U-shaped pattern, suggesting a rounded bottom. A significant bottom trend indicates a smooth shift from decline to accumulation and recovery on the chart.

#ENA #Ethena $ENA

As long-term holders earn $2.1 billion, Bitcoin's trajectory resembles prior cycles

According to Glassnode's weekly analysis, Bitcoin's trend is comparable to prior cycles.

Bitcoin's run to $100K generated $2.1 billion in gains for long-term investors.

Six-month-to-one-year tokens have seen the biggest sell-side pressure this year.

Glassnode's Week on Chain study showed parallels between the Bitcoin boom and prior cycles in shifting markets. Long-term investors distributed $100K tokens, resulting in a record $2.1 billion in earnings.

Bitcoin rose past $100K in 2024, returning almost 130%.

Despite market changes, blockchain analytics startup Glassnode's weekly analysis compares Bitcoin's price performance to the 2015-2018 and 2018-2021 cycles.

Like prior cycles, persistent price rises have been accompanied by selling pressure, although at a slower rate. Prices plunged 32% below their high on August 5, 2024, the worst downturn in this cycle.

This cycle has been Bitcoin's least volatile since inception. "The majority of drawdowns have only seen the price fall -25% below the local high, masking this is one of the least volatile cycles to date," Glassnode.

Demand from institutional interest and spot Bitcoin ETFs may have lessened volatility.

High demand has helped Bitcoin rise beyond $100K despite long-term holders making $2.1 billion every day.

"If we adopt a simplified assumption that every seller is matched with a buyer, this observation provides some insight into the strength of the demand side, who, by contrast, has provided an estimated $2.1B of fresh capital into the market."

Glassnode researchers noted that LTH profit-taking in the last month exceeds levels seen earlier this year when Bitcoin hit a record $73,000 in March.

Although LTHs are taking big profits, experts say much of Bitcoin's current sell-side pressure is coming from new market participants, especially those who bought Bitcoin within six months to a year. This cohort's $27.3 billion gains account for 38.5% of sell-side pressure.

#FullMarketBullRun #BTC #MarketPullback $BTC $ETH

Will Pepe Coin Drop Below $0.00001? Whale Sale Starts Fear

The U.S. Fed's 25 Bps rate drop sparked a second-half December cryptocurrency market slump. Meme currencies are volatile and susceptible to speculative trading, therefore negative momentum affected them more. Whale selling and bearish pattern building might cause a $0.00001 Pepe coin price meltdown.

According to CoinMarketcap , the meme market value is $105 billion and the 24-hour trading volume is $28 billion.

Key Highlights:

Double-top patterns might cause protracted corrections below $0.00001.

Crypto investors look for pullback support between $0.000017 and $0.0000128, the 100- and 200-day exponential moving averages.

Bearish Relative Strength Index divergence suggests Pepe coin price weakness.

PEPE Coin Price Decline May Follow Whale Exit

A notable whale shifted 150 billion PEPE tokens, worth $2.72 million, into Binance to avoid losses during a market drop. This follows the whale's November 28 withdrawal of 150 billion PEPE ($2.94 million) and 60 billion SHIB ($1.52 million) from Binance.

Lookonchain data shows the whale has unrealized losses of $219,000 on PEPE and $136,000 on SHIB. If PEPE keeps falling, the whale may sell more. Whale exits have often accompanied market declines and gloomy sentiment.

Bitcoin fell below $100k after Powell's hardline speech, intensifying the altcoin market downturn. In the previous 48 hours, the frog-themed Pepe dropped 22% from $0.000022 to $0.0000174.

A daily chart study of this correction indicates a double top reversal pattern. The chart pattern has two big reversals from the common resistance zone, forming a ‘M’.

A lower-high RSI indicator as the price peaks indicates a bearish divergence, indicating a loss of bullish power.

This position might cause the Pepe coin price to break the neckline support of $0.0000172, increasing market selling pressure. The asset may plunge 55% to $0.0000077 after the breakup.

#PEPE #Fed25bpRateCut #MarketPullback #BinanceAlphaAlert $PEPE $SHIB $DOGE

A new managing director has been appointed to the Sui Foundation by Christian Thompson

Christian Thompson is the new managing director of Sui Foundation.

"Mainstream adoption of decentralized technology has never been more obtainable," said Raoul Pal, CEO of Real Vision and a Sui Foundation Board Member, in a statement released Thursday. The next billion people to use cryptocurrency will likely start with Sui, in my opinion. Christian will have the power to make that dream a reality in his role as managing director of the Sui Foundation.

In a statement, Meta claimed that Thompson was a "early member" of the blockchain Diem project, which ultimately failed. Prior to that, Thompson worked at Mysten Labs. Evan Cheng, co-founder of Mysten Labs and a former employee of Meta, is the primary creator of the Sui network.

Thompson takes over for Greg Siourounis, who has been with the Sui Foundation from its start in 2023 and has been the managing director.

Read today's top stories and commentary on the digital asset ecosystem to set the tone for the day.

"In less than two years, due to its scalable and accessible design, Sui has grown into a top destination for millions of crypto users," Thompson pointed out. We are at a crossroads where billions more people will be able to enjoy web3's advantages... Engaging developers, expanding the community, and presenting Sui as the portal to the digital future of the globe are all things I eagerly anticipate.

An alternative to Ethereum and Solana, Sui is a proof-of-stake Layer 1 blockchain.

#GrayscaleSUITrust #MarketCorrectionBuyOrHODL? #FullMarketBullRun #MarketPullback $SUI $BTC $ETH

Bitcoin, Ethereum Fall After Powell Speech

Bitcoin and Ethereum are falling after Federal Reserve Chairman Jerome Powell said in a speech that the Fed is not contemplating Bitcoin and cannot acquire it.

The Federal Reserve lowered the federal funds rate by 25 basis points to 4.25%–4.5% yesterday. Chairman Powell said after the rate decrease, stating, “The US economy is growing at a healthy 2.5% pace, unemployment is low, but the inflation forecast is higher, and there is uncertainty.”

Fed Chair Powell Skips Bitcoin Reserve Talks:
When questioned about Bitcoin reserves, Powell said, “We can’t own Bitcoin. We don't want much change. Congress should examine that.”

After Powell's hawkish speech, Bitcoin went below $100,000, down 5% in 24 hours, while several altcoins plunged more than 10%. In 24 hours, $709 million was liquidated, including $612 million in long orders.

Bitcoin and Ethereum plummeted after Powell's speech. Bitcoin has fallen 4.23% to $100,671 after hitting an all-time high of $108,239 on December 17. Bitcoin's 24-hour trading volume rose 42% to $99.52 billion, while its market worth declined 3.87% to $1.99 trillion.

Ethereum also experienced ripples. After falling 5.10% yesterday, Ethereum is presently $3,659. Its market worth fell 5.22% to $440.81 billion. Ethereum's 24-hour trading volume rose 49.27% to $52.45 billion.

Several cryptocurrencies plunged more than 10% after Powell's aggressive remarks. In 24 hours, $709 million was liquidated, including $612 million in long orders.

Powell also said that although the job market is cooling, the Fed does not think further cooling is needed to lower inflation. He stressed that labor market conditions are robust, albeit less tight than in 2019, and that unemployment has risen but remains low.

#FranklinCryptoETF #BTC #ETH #FullMarketBullRun #Fed25bpRateCut $BTC $ETH

Binance Alpha's First 5 Tokens: KOMA, CHEEMS, APX, ai16z, AIXBT

First five projects on Binance Alpha: KOMA, CHEEMS, APX, ai16z, AIXBT.

Later today, the site will feature 5 tokens: 3 on Ethereum, 1 on BNB Chain, and 1 on Solana.

New Binance platform highlighting exceptional Web3 applications launched today with five coins. Five early-stage startups on Binance Alpha are worth watching.

First 5 Binance Alpha Tokens
The first five Binance Alpha tokens are:

1. KOMA INU

KOMA's price rose almost 5% when Binance Alpha listed it. KOMA rose from $0.1 to approximately $0.13 before falling to $0.11.

BNB token KOMA is dog-themed. To start the month, the project revealed that KOMA is the first memecoin to create its website 100% on-chain.

2. Cheems

After listing on Binance Alpha, Cheems' market value rose from $189 million to approximately $204 million. After the increase, CHEEMS' market worth decreased to $180 million then rose to $191 million.

Cheems is a BNB Chain currency referencing the legendary Shiba Inu. BNB Chain announced $50,000 in BNB liquidity to CHEEMS and HMC yesterday.

October's $100,000 USD donation to local animal shelters by Cheems was significant.

3. APX

APX rose over 7% today after debuting on Binance Alpha. The coin's market worth rose from $98 million to over $103 million, then plummeted to $81 million before reversing about $96 million.

APX Finance is a decentralized BNB Chain crypto derivatives exchange. Two days earlier, APX reported $340.9 billion in trading activity, including $743 million in the prior week.

4. ai16z

After debuting on Binance Alpha, ai16z's market value rose from $8067 million to $930 million. Coin prices rose over 6% today to $0.85.

5. AIXBT via Virtuals

Over 11% rose in AIXBT today. The coin's market worth rose from $200 million to $245 million before falling to $231 million.

#BinanceAlphaAlert #FullMarketBullRun #MarketCorrectionBuyOrHODL? $BTC $ETH $BNB

Hedera: A Verifiable AI Computer from NVIDIA and Intel

In order to meet the requirements of the European Union's artificial intelligence rules, some sources have indicated that industry leaders Intel and NVIDIA would include the Hedera blockchain, also known as a hashgraph, into their chip production processes going forward.

EQTY Lab, Intel, and NVIDIA have launched Verifiable Compute, a hardware-based solution that aims to improve AI systems' trustworthiness and verification capabilities.

For completely unhackable and traceable AI data and calculations, the idea puts faith in the silicon of next-gen hardware.

🚨NEWS FLASH: As a result of EU AI laws, it is quite probable that NVIDIA and Intel will include $HBAR technology into each of their processors in the future.

Verifiable Computing using Hedera Hashgraph

To provide cryptographic certificates that control and audit AI processes, Verifiable Compute will use safe hardware infrastructure. The Hedera network will serve as the foundation for these certifications, making them part of an unchangeable record of AI calculations.

The release states that there are several advantages to the integration:

Permanent Record-Keeping: The Hedera network logs every AI calculation, making sure that no one can alter the history of AI activities.

The Hedera ledger binds smart contracts to hardware, allowing for the orchestration of work across different AI protocols to happen without a hitch.

With Hedera's decentralized architecture, Verifiable Compute improves governance and compliance by making sure that corporate rules and regulatory requirements are met in different countries.

New AI laws throughout the world, such as the EU AI Act, are in line with this partnership. In addition, it helps businesses automate AI audits and enforce governance norms according to local regulations.

#Nvidia #MarketPullback #FullMarketBullRun #MarketCorrectionBuyOrHODL? $BTC $ETH $XRP

$BTC rebounds somewhat after Fed rate reduction sell-off

Bitcoin climbs to $102,000 on Thursday after falling 5.5% owing to the Fed's aggressive rate-cut

Recently, whales, businesses, and institutional investors purchased BTC declines.

The Bitcoin NPL indicator suggests profit-taking, so traders should be careful.

Bitcoin climbs to $102,000 on Thursday after falling 5.5% the day before. Whales, businesses, and institutional investors bought more BTC during recent falls. Bitcoin's Network Realized Profit/Loss (NPL) measure suggests profit-taking, therefore traders should be careful.

Whales, businesses, and institutional investors purchase Bitcoin below $100K.

Bitcoin climbs to $102,000 on Thursday after falling 5.5% the day before.

The Fed's aggressive rate-cut decision at Wednesday's FOMC meeting spurred Bitcoin's recent drop. As predicted, the Fed decreased the federal funds rate to 4.25% to 4.50% but projected a slowing in rate decreases in 2025, lowering riskier assets like Bitcoin.

Whales and corporations bought more Bitcoin despite its recent drop below $100K. Lookonchain data shows Marathon Digital (MARA) added 1,627 BTC worth $166 million on Wednesday. After the price drop, three whale wallets acquired 1,153 BTC worth $120 million.

Hut 8 Corp (HUT), an energy infrastructure and Bitcoin miner, bought 990 BTC worth $100 million at $101,710 each on Wednesday. Hut 8 now possesses 10,096 BTC worth over $1 billion in its strategic Bitcoin reserve, including the Bitcoin held before this transaction.

Institutional demand is high. On Wednesday, Coinglass reported $272.30 million in Bitcoin spot Exchange Traded Funds (ETF) inflows, extending its run from November 27. The influx pattern would buffer Bitcoin price decreases if it continues or escalates.

Bitcoin Price Forecast: BTC rebounds at $100K support.
Bitcoin fell 5.5% on Wednesday, hitting $100,000 and finishing close over $100,200. BTC fell below $100k in the early Asian session on Thursday but recovered to $102,000 in the European session.

#MarketPullback #Fed25bpRateCut #FullMarketBullRun

Ethereum Hits 1-Year Low, Analyst Predicts Massive Run

Ethereum (ETH) sentiment has dropped to its lowest level in a year as the second-largest crypto by market capitalization attempts to recoup $4,000. Despite investors' mood, some experts believe the King of cryptocurrencies will resume its bullish run to new highs.

While trying to break $4,000 barrier, crypto expert says Ethereum social sentiment has dropped to a one-year low. The publication said that this measure hit its lowest point since December 18, 2023, when ETH traded around $2,100-$2,200.

The analyst called this a “classic bullish indicator,” adding that ETH's price rebounded 30% in the weeks after emotions reached “rock bottom” a year ago. ETH reached $2,700 on January 12, a significant landmark in its run to $4,093 in March.

Ethereum may rise to $4,900-$5,000 in the next month if it follows the similar path, converting the next large resistance level into support in two weeks.

Martinez said the crypto's rise would restart after ETH breaks $4,100, a level not seen since December 2021. After recovery, “$6,000 will become a magnet.”

After hitting $4,000 this month, the second-largest crypto has failed to gain support.

Ethereum rose to $4,100 before retracing to $3,900 and then to $3,800 as BTC traded beyond $107,000. Weekly and monthly gains for ETH are 2.3% and 22.6%, respectively, notwithstanding the drop.

Will ETH Pass $4,000 This Month?

Altcoin Sherpa said ETH is “roughly at the same spot that BTC was at around 70K,” and hasn't “materially broken this level for years.” ETH has been rejected from $4,000 multiple times in the previous three years but reached its ATH in 2021.

It may reach its $4,800 ATH before reaching its initial price discovery goal of $5,000 if it followed Bitcoin's lead. The expert also said December and January are Altcoin's “best times”.

However, Sherpa predicted a “final shakeout” before the ETH/BTC pair rose “up for a few weeks/months.” The token must surpass its recent 0.041 high.

#ETH #MarketPullback #Fed25bpRateCut $ETH $BTC

Russian Bank T-Bank to Offer ‘Blockchain Token Investment’

The Russian banking behemoth T-Bank (previously Tinkoff Bank) will develop blockchain-powered token “investment” products.

RBC claimed that T-Bank's new range is their “entry into the digital financial assets market”.

The bank expects its blockchain-powered token “products” and “a fully fledged infrastructure for trading” to be accessible to ordinary investors by 2025.

Large Russian Bank Enters Blockchain
Atomyze, a Moscow-based blockchain-focused company financed by Norilsk Nickel, will collaborate with the bank.

T-Bank received DFA launch license from the Russian Central Bank in March.

In recent months, T-Bank competitors Sberbank and Alfa-Bank have entered DFAs.

T-Bank confirmed that premium clients may trade DFA before year's end.

A broad deployment will begin in early 2025. The bank calls its new products “smart assets,” using blockchain and smart contracts.

According to the bank, this would “reduce costs and create fundamentally new products” that “are not currently available on the traditional finance market.”

T-Bank claimed that investors would have “access to a full-fledged secondary market” with “market makers and constant liquidity.”

What Are Russian DFAs?

Russian law defines digital financial assets (DFA) as tokenized physical and financial assets.

They employ blockchain technology but not public blockchain networks, therefore they are not RWA.

Instead, issuers construct and distribute them on private blockchains under Central Bank oversight.

T-Bank stated its first range contains “eight pilot instruments” with “a declared potential yield of up to 27.5% per year.”

They'll be released on Atomyze. In March, the US sanctioned Atomyze and Lighthouse, another DFA issuer.

#Russia #MarketPullback #FullMarketBullRun $BTC $ETH $SOL

ETFs and companies are driving Bitcoin's institutional acceptance

The introduction of Bitcoin spot ETFs in January 2024 was a watershed moment in the cryptocurrency's institutional acceptance. To avoid the complications of direct ownership, these ETFs have made Bitcoin exposure available to institutional and ordinary investors in a regulated way.

Eleven Bitcoin-related exchange-traded funds (ETFs) had more than one million Bitcoin at the end of the year. This amounted to five percent of the 19.79 million Bitcoins in circulation and four and a half percent of the entire 21 million Bitcoins in circulation. This exemplifies strong demand from institutions and further establishes Bitcoin's place in conventional finance.

According to Darius Sit, Founder & Chief Investment Officer of QCP Singapore's digital assets business, "I have never been more bullish on Bitcoin" (FXStreet, exclusive interview translation).

According to him, Bitcoin is making a big splash in more conventional markets, especially when it comes to loan finance. Equity finance is beginning to influence the way nations, businesses, and people plan for the future and access capital, according to Sit.

In 2024, there was a boom in both institutional and corporate interest in Bitcoin. The artificial intelligence (AI) cloud analytics firm MicroStrategy (MSTR) increased its Bitcoin holdings from 189,000 BTC at the beginning of the year to 423,650 BTC, firmly establishing itself as the biggest corporate holder of Bitcoin.

Companies including Riot Platforms (RIOT), Marathon Digital (MARA), Galaxy Digital Holdings (GLXY), Tesla (TSLA), and others have followed MicroStrategy's lead and adopted Bitcoin accumulation techniques, indicating a rising interest in Bitcoin among corporations. The rationale behind the decision was to hold onto the asset for the long haul and use it as a buffer against potential macroeconomic downturns.

Big sellers like the US and German governments, as well as the now-defunct Mt. Gox exchange, were protected by these institutional needs and the army of corporates.

#BTC $BTC

Bitcoin Exchange Reserves Fall to Record Low, Could $120K Come?

Bitcoin has reached new highs in recent weeks due to positive momentum. Recent study suggests that this momentum is not random as it occurs amid massive behind-the-scenes actions.

Recently, Bitcoin reserves plunged to a record low of 2.4 million, suggesting a “supply shock” that has boosted Bitcoin's price.

This decline in exchange reserves and robust demand have produced a bullish climate that might lead to price hikes.

Supply Shock Ahead

A gradual fall during 2024 led to the present levels, indicating a change in investment behavior. Baykus stated that institutional investors have adopted long-term holding strategies, withdrawing assets off exchanges. Analyst added:

Institutional investors have increasingly adopted the “hodl” method, showing significant confidence in Bitcoin's future.

Bitcoin's price started the year around $40,000 and accelerated in November to over $100,000, peaking at $104,000. The Baykus wrote:

Bitcoin's limited supply and dwindling reserves are optimistic for the market. Bitcoin may set new milestones in late 2024 and early 2025 if investors price in the supply shock.

This measure follows Coinbase activity, one of the region's main exchanges, and has been used to anticipate short-term price swings. Over the last two weeks, the Coinbase Premium Index and Bitcoin's price have diverged, raising worries.

#MarketPullback #Bitcoin110KNext? #FullMarketBullRun $BTC $ETH

DOGE and PEPE target important areas

After falling more than 10% this week, Dogecoin and Pepe prices retest their critical support level on Thursday.

DOGE and PEPE may be bought by sideline investors near support levels.

Momentum indications suggest weakness in both memecoins, so traders should be careful.

After falling more than 10% this week, Dogecoin (DOGE) and Pepe (PEPE) prices retest their critical support level on Thursday. Sideline investors may buy dog- and frog-themed memecoins at support levels for a rebound surge.

Dogecoin price may rebound.
Dogecoin hit an annual high of $0.48 on December 8 then fell 23% in the next 10 days. DOGE retested the 50-day EMA at $0.35 on Tuesday. This level is about the 61.8% Fibonacci retracement level from the November 3 low of $0.14 to the December 8 high of $0.48 at $0.35, making it a crucial reversal zone. It rebounds marginally to 0.36 on Thursday.

Sideline investors may buy dog-themed memecoin for $0.35.

DOGE might rebound 13.5% to touch its Tuesday high of $0.41 if the $0.35 support level holds.

If DOGE fails to establish support at $0.35 and closes below $0.34, it might fall 7% to $0.31, its next support level.

PEPE pricing is encouraging

Pepe price hit a new ATH of $0.000028 on December 9 and fell 26.6% in the next nine days. On Thursday, it retests the 50% price retracement mark from its November 4 low of $0.000007 to its ATH of $0.000028 at $0.000018. This level is a critical reversal zone since it matches the daily support level of $0.000017.

Sideline investors may buy frog-themed memecoin for $0.000018, like DOGE.

Should PEPE rebound off $0.000018, it might recover 28% to $0.000024, its Monday high.

If PEPE fails to find support at $0.000018 and closes below $0.000017, it might fall 6.8% to retest its weekly support level at $0.000016.

#PEPE #DOGE #MarketPullback #FullMarketBullRun $PEPE $DOGE $BTC

Michael Saylor Wants ‘Intelligent Leverage’ to Boost MicroStrategy’s Bitcoin Strategy

MicroStrategy Inc. co-founder and chairman Michael Saylor intends to increase shareholder “intelligent leverage”.

Saylor discussed the company's capital structure optimization strategy with Bloomberg Television.

“We have $7.2 billion in convertible bonds, with $4 billion as equity through the strike and call price.”

“These convertibles have a nearly 100% delta, like equity. We want to develop smarter leverage for our common stock shareholders.”

The corporation raised $42 billion to buy and keep Bitcoin this year, accelerating its unusual strategy.

Due to this, its stock has risen 500%, beating Bitcoin's 150% increase.

MicroStrategy may leverage its position due to rising fixed-income securities demand.

Despite doubts about its strategy, MicroStrategy's market valuation is above $90 billion.

This development has earned the business entry in the Nasdaq 100 Index, which could boost institutional interest.

Bloomberg Intelligence reports that investors that monitor the tech benchmark index may buy over $2 billion in MicroStrategy shares after its inclusion on Friday.

Bitcoin's Unprecedented Rally Brings MicroStrategy's Market Cap Nears $100 Billion

This year, Bitcoin has risen 120%, reaching $100,000, and roughly 40% in the previous month.

MicroStrategy particularly benefited. Since 2020, the corporation has bought 386,700 BTC for $21.9 billion, valued $37.6 billion.

MicroStrategy added 249,850 BTC in 2024, exceeding Marathon Digital's 40,435 BTC by 985%.

MicroStrategy's market valuation is around $100 billion, placing it among significant U.S. corporations if Bitcoin rises.

Saylor just reported a 46.4% quarterly yield and 72.4% year-to-date return. On December 9, the company bought 21,550 BTC.

An annual $100 billion Bitcoin investment might add approximately $5 trillion to Microsoft's market worth, he said. The majority rejected the idea at the recent annual shareholder meeting.

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