Judging by recent price movements, bitcoin is approaching an important support level - the 50-day moving average. In the past, this level, which is currently around $94,000, has been crucial to the bitcoin market cycle. However, a break below this level could indicate that the current rally has lost momentum. Bulls should be wary of a decline toward the 50-day moving average.

This level is often the starting point for a reversal, but bull markets have traditionally ended when this level is broken. The rally in early 2024 could be the weakest in bitcoin's history. If the #cryptocurrency fails to hold at this level, its gains will be just 60% of its previous all-time high. For a cryptocurrency that has seen exponential growth in the past, such an outcome is quite disappointing.
Despite these concerns, the fact that #bitcoin has fallen to its 50-day EMA does not necessarily mean that the uptrend is over. A recovery above this level will boost the market's self-esteem and may even trigger a new uptrend. For the market to continue rising, bulls will be looking for a solid recovery above the psychological #threshold of $BTC Conversely, if bitcoin continues to fall below the 50-day EMA, it could test the 200-day EMA or other lower levels around $75,000. This would not only mark the end of the current bull market, but would also set a negative tone for the coming months. Compared to more traditional assets, this may seem small for bitcoin, but a 60 percent rise is still impressive.
Arman Shirinyan is a trader, crypto-enthusiast and SMM expert with over four years of experience.
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One of the major updates Warwick and other Ethereum fans are waiting for is the Pectra update, the next major milestone on the Ethereum roadmap, scheduled for early 2025.

Byzantine Gaia Regis, co-founder and CEO of the restyled platform, says the Pectra update will fundamentally change how Ethereum's security layer functions.
"Currently, #Ethereum mining is largely driven by liquidity. In fact, many #ETH holders want to participate in trading. This is generally a good thing, as more nodes means more decentralization and more security, she says.
However, Regis says that the scale that Ethereum is now reaching (over a million Ethereum verifiers in According to her, communication is starting to slow down the network, and
Pectra has addressed this issue by increasing the maximum effective validator balance from 32 ETH to 2,048 ETH. '
In September, the Ethereum core developers decided to split the Pectra update into two main packages. The first Pectra package will introduce a total of eight EIPs, led by EIP-7702, which aims to improve the wallet user experience and blockchain abstraction.
This will make betting cheaper and increase the number of people placing bets, leading to A result of this will make betting cheaper, increase the number of people placing bets, leading to a long-term reduction in betting rewards. For this reason we are very positive about repeat betting. Many people will want to increase the reward for their bets by placing repeat bets on other networks".
Saul Raven, managing partner at #cryptocurrency venture capital firm Masterkey, said Ethereum and the crypto industry's more "legitimate" projects, particularly decentralized finance (DeFi) and decentralized physical infrastructure (DePIN), will benefit the most from the Trump administration and cryptocurrencies. Cointelegraph which will benefit most from a currency-friendly SEC.
On Dec. 4, Trump nominated cryptocurrency businessman and former SEC member Paul Atkins as his candidate to be the next SEC chairman.

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In the last week of 2024, Turkey announced a new cryptocurrency law, inspired by positive regulatory developments in major jurisdictions around the world, including Europe.

According to a document published in the Official Gazette of the Republic of Turkey on December 25, under the new law, users making transactions of 15,000 Turkish Liras ($425 USD) Users making transactions of 15,000 Turkish Liras ($425 USD) or more will be required to provide identification information to the country's #cryptocurrency providers.
The new anti-money laundering (AML) regulations are aimed at preventing the laundering of illegal and terrorist money through cryptocurrency transactions. However, cryptocurrency providers are not required to collect information on transfers of #digital assets worth $425 or less.
Turkey's new bill comes a week before the world's first comprehensive crypto regulator, the European Market for Cryptoassets (MiCA), takes effect on December 30, when interest in cryptocurrency regulation
will Turkey's crypto providers stop "risky" cryptocurrency trading?
If providers cannot obtain the necessary information from senders, cryptocurrency transfers may be classified as "risky" and the service provider may consider suspending the transaction, a new draft law says. If sufficient information cannot be obtained, the service provider may consider denying the transfer, restricting transactions with the relevant financial institution or suspending the business relationship.
As of September 2023, according to Chainalysis, Turkey is the fourth largest cryptocurrency market in the world with a turnover of $170 billion, ahead of major markets such as Russia and Canada.
The Capital Market Board of Turkey (CMB) has received a total of 47 applications from cryptocurrency companies for licenses under the new regulations until August 2024, indicating new opportunities for cryptocurrency companies in Turkey.

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@Sasha why NOT join us.
Lobbying and the Hopes of the Crypto Industry
The cryptocurrency industry is actively lobbying the team of President-elect Donald Trump, hoping for a quick fulfillment of the promises made during the election campaign. Industry officials want to see action from the first day of the board, January 20. At the center of their expectations are the creation of a strategic bitcoin reserve, access to banking services, and the formation of a cryptocurrency council.
Trump's Promises to Become a "crypto president"
During his campaign, Trump repeatedly stated that he would become the "president of cryptocurrencies," which aroused great enthusiasm in the crypto community. He promised to reform digital asset policy and support American leadership in this area. Industry representatives insist that these reforms be implemented within the first 100 days, and expect that one of the decrees may be issued as early as January 20.
Possible actions on the first day
According to reports, Trump intends to sign several executive orders on the first day of his presidency. Among them, there will probably be orders aimed at supporting cryptocurrencies. Possible steps include recognizing bitcoin as a strategic reserve asset, softening the attitude of banks towards crypto companies, and creating a specialized council for the cryptocurrency industry.
"Given the nature of the campaign, it would be crucial that Trump's executive orders set out real priorities for day one and provide some kind of roadmap," said Rebecca Rettig, director of legal affairs at Polygon Labs.
Contrast with Biden's policies
Current President Joe Biden has tightened regulation of cryptocurrencies, focusing on combating volatility and rising crime. In contrast to this approach, Trump promises to "encourage innovation" and support American leadership in the field of digital assets.
Crypto Industry Initiatives
One of the key initiatives is the creation of a strategic bitcoin reserve. The draft decree, developed by the Institute for Bitcoin Policy, proposes to recognize the cryptocurrency as a strategic asset and allocate $21 billion for its purchase during the year. Zach Shapiro, the head of the Institute, believes that this will allow the United States to outpace its geopolitical rivals in monetizing bitcoin.
However, analysts disagree on whether Trump will be able to implement such an initiative through an executive order or whether Congressional approval will be required.
Access to banking services
Another important task for the crypto industry is to provide access to traditional financial systems. Crypto companies complain about banks' unwillingness to cooperate with them due to strict regulation. Although Trump promised to solve this problem, experts warn that the president's orders may not have legal force for independent banking regulators.
Creation of the Cryptocurrency Council
Trump also plans to create a council for the cryptocurrency industry. This body can be structured based on the models of specialized councils of previous administrations. The Council will develop new approaches to regulation, which will contribute to the development of the industry and the removal of legal barriers.
Conclusion
Expectations from the first day of the Trump presidency are high. Fulfilling his promises to support cryptocurrencies can give a powerful impetus to the development of the industry and strengthen its position at the global level. However, the success of these initiatives will depend on how quickly and effectively they can be implemented in a difficult political and economic environment.
#TRUMP #cryptocurrency

The launch of the US bitcoin spot fund ETF, the Sam Bankman Fried verdict, halving, the proliferation of the clicker game Hamster Combat on Telegram, President-elect Donald Trump's crypto-crusade and an FBI warning were among this year's top stories.

BREAK There's always something going on in the #cryptocurrency world, and this year was no exception.
From #bitcoin ETFs to Sam Bankman Fryd, Hamster Combat, Donald Trump and half-falls - the best of 2024 to enjoy this Christmas. Here are 12 stories.
January 11, the U. S. Securities and Exchange Commission approved a proposal to create several bitcoin spot ETFs ahead of schedule. Ark Invest/21Shares, Bitwise, BlackRock, Fidelity, Franklin The Ark Invest/21Shares Bitwise, BlackRock, Fidelity, Franklin Templeton, Grayscale, Invesco, Valkyrie (now CoinShares), VanEck and WisdomTree ETFs began trading the next day; the Hashdex spot ETF and the Grayscale mini bitcoin fund were launched in March. These bitcoin funds, which became the most successful ETFs in history, attracted more than $36 billion in net inflows and about $110 billion in assets under management as bitcoin prices rose significantly this year.
BlackRock's IBIT Spot bitcoin fund dominated by most metrics, holding more than 70% of the market with about $54 billion in assets and trading volume.
The same month saw one of the craziest stories of the year. An unknown user transferred 26.9 #BTC worth $1.2 million to a Genesis wallet created by pseudonymous blockchain creator Satoshi Nakamoto, who is unlikely to receive or return the funds.
analysis According to the Arkham platform, the transaction was made from a wallet linked to the Binance cryptocurrency exchange for an unusually high fee of $100, bringing the Genesis wallet balance to nearly 100 BTC ($4.3 million at the time).
Satoshi woke up and either bought 27 bitcoins on Binance and put them in his wallet or someone burned a million dollars,

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El Salvador increased daily bitcoin purchases 11 times in two days, and BTC reserves surpass $574000000 - The Daily Hodl

the Salvadoran government last week increased daily #bitcoin purchases 11 times. In two separate purchases, it increased its daily bitcoin (BTC) purchases 11 times.
the Central American country began buying 1 #BTC each day in November 2022, shortly after the collapse of #cryptocurrency exchange FTX.
According to cryptocurrency platform Arkham, El Salvador
According to BTC proponent Max Kaiser, who is a senior bitcoin advisor to El Salvador's president Naibe Bouquere, Bouquere is in the process of acquiring another 20
additional purchases occurred shortly after El Salvador received a $1.4 billion loan from the International Monetary Fund (IMF). The IMF loan amounted to $8 billion, but a press release from the UN financial institution claims that the Salvadoran government agreed to limit its commitments to cryptocurrencies as part of the agreement.
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As #Ethereum (ETH) keeps its lead in the crypto world, more and more investors are looking at exciting new altcoins that could grow even more. One of these promising projects is the Lightchain AI Presale. With its innovative ideas and big potential for returns, it’s definitely a project worth keeping an eye on.
Ethereum is still at the top, but there are some cool altcoins out there that could give you great returns. With a little bit of luck, investing in these coins could turn a $100 investment into something much bigger. Let’s explore which ones are catching people’s eyes and why they’re creating so much buzz in the crypto space.
Why Altcoins Are Gaining Traction
With Ethereum leading the way, many investors are now looking beyond #bitcoin and Ethereum to find those hidden altcoin gems that could bring huge returns. #altcoins come with exciting new features and technologies that make them stand out from the bigger coins, offering fresh opportunities for growth.
Right now, with the market buzzing, more people are open to taking risks in search of those big wins. The growing interest in altcoins shows that they could even surpass the big names like Bitcoin and Ethereum in the future. It’s definitely an exciting time to dive into altcoins and see where the journey takes you
Top 5 Altcoins to Watch Out For
1. Lightchain AI (LCAI)
Lightchain AI (LCAI) is an exciting new #cryptocurrency that’s combining artificial intelligence (AI) with blockchain to make decentralized apps (dApps) even smarter and more efficient. What makes it special? Its unique Proof of Intelligence (PoI) consensus mechanism rewards participants for completing AI tasks, making it more energy-efficient than traditional blockchain systems.
But that’s not all! The Artificial Intelligence Virtual Machine (AIVM) allows real-time AI computations directly on the blockchain, which can benefit industries like healthcare, finance, and logistics. Right now, LCAI is in its presale phase, and it's already generating buzz because of its potential for growth and impact.
Experts are saying LCAI could experience incredible growth, with some predicting up to 7,000% returns! It’s definitely one to watch as it makes its mark in the crypto world!
2. Toncoin ($TON )
Toncoin (TON) is emerging as a fast, scalable blockchain with the potential to compete with Ethereum. Developed by the Telegram team, TON powers decentralized applications while offering enhanced privacy and secure transactions. Its high-speed performance and focus on scalability make it an attractive option for enterprises seeking decentralized solutions.
As adoption grows, TON’s versatility and seamless market integration could boost its value, positioning it as a strong contender in the blockchain space. With its promising use cases and robust design, TON is gaining attention from early investors looking for standout opportunities in the evolving crypto landscape.
3. Pepe Coin ($PEPE )
Pepe Coin (PEPE) is the latest memecoin that’s catching everyone’s attention online! Though memecoins can be a bit wild, PEPE has a super enthusiastic community behind it, and we’ve already seen it make some impressive gains.
It’s all about fun, memes, and community, making it a bit of a gamble, but one with some serious potential. If the buzz around PEPE keeps growing, we could see its value take off, offering big opportunities for those who hop on early.
4. Cardano ($ADA )
Cardano (ADA) is well-known for its sustainable approach to blockchain and strong focus on peer-reviewed research. As a proof-of-stake blockchain, it is more energy-efficient than other networks, which has made it a popular choice among environmentally-conscious investors.
Cardano (ADA) is setting itself up for big things with smart contracts and a clear plan for growth! As it continues to scale, it’s becoming a strong contender in the world of decentralized finance (DeFi) and apps. With some exciting upgrades on the way, ADA could see some nice price bumps in the near future. It's one to keep an eye on.
5. Solana (SOL)
#solana (SOL) is renowned for its high-speed transaction capabilities, processing thousands of transactions per second with minimal fees. It has already become a dominant player in the NFT space and decentralized finance (DeFi) ecosystems.
SOL’s scalability and low transaction costs make it highly attractive for developers and investors alike. Given its current low price relative to its high potential, SOL presents a massive opportunity for those looking to secure substantial gains before the next big market surge.
Why These Altcoins Could Outperform Ethereum in 2025
Ethereum’s been the king of altcoin for a while, but there are some exciting altcoins that might just steal the spotlight by 2025! Coins like Lightchain AI, TON, and Cardano are bringing in fresh ideas, like AI features, better scalability, and eco-friendly designs.
What's even more exciting? These altcoins are still in the early stages, so there's huge potential for growth—way more room than Ethereum right now! Plus, they're diving into hot areas like DeFi, NFTs, and AI, which means more and more people will want to get involved. It's like catching the wave early.
And let’s not forget about the strong communities behind these coins! Just look at how PEPE has taken off thanks to its passionate supporters. So if you’re looking for something with huge potential, these altcoins are definitely worth watching!

Discover the three key reasons why Bitcoin’s price decline may soon come to an end and the critical levels from which BTC could rebound, potentially initiating the next phase of a bull run.
Bitcoin is currently trading at $94,650 after falling 12% from its all-time high (ATH) of $108,421. Investors are shocked by the speed of the recent crash, which has wiped out positions worth over $1 billion. However, these three reasons suggest that BTC’s price drop might be nearing its end. Let’s explore what lies ahead for the world’s largest cryptocurrency and the broader crypto markets.
Three Reasons Why Bitcoin’s Price Drop May Soon End
With such a steep decline, the critical question is: “When will the drop stop?” Here are three main reasons why Bitcoin’s price may stabilize soon:
Strong Technical Support for Bitcoin:Analysis shows that a key support level between $90,000 and $90,900 could halt the selling pressure and eliminate bearish momentum.This zone represents the lower boundary where 68% of trading volume occurred between November 11 and December 11. It’s a strong demand zone that can absorb further declines.BTC Holders Are Unlikely to Sell at a Loss:On-chain data reveals that the 30-day MVRV (Market Value to Realized Value) indicator is at -4.17%.This means that the average investor who bought BTC over the last month is sitting on a 4.17% loss. Historically, the -10% to -20% MVRV range is considered the “opportunity zone,” where short-term holders capitulate, and BTC transitions to long-term holders.Whales Are Accumulating Bitcoin:Between December 19 and December 22, whales added 10,000 BTC to their portfolios, signaling confidence in an imminent market recovery. This aligns with both technical indicators and holder behavior, both of which suggest that the ongoing crash could soon end.
Key Support Level: $90,900
Trading data shows that the critical support lies around $90,900. This zone has historically been a strong demand area that could stabilize BTC’s price. If this support holds, Bitcoin may target the next key level at $100,000.
What happens after breaking the $100,000 resistance?The next resistance zone lies between $102,700 and $105,300. Breaking through these barriers could pave the way for Bitcoin to reach new highs.

Market Expectations: Selling Pressure Eases
The MVRV indicator suggests that another significant drop is unlikely. Bitcoin is already 18% below its ATH, meaning there’s limited room for further sharp declines. At this stage, consolidation or a slight recovery appears more probable.

Whales Support Market Growth
Data shows that Bitcoin whales are actively accumulating BTC during the downturn, signaling confidence in a market rebound. This phenomenon is a critical indicator for the market, as whales often influence price direction.

What’s Next?
Bitcoin’s price drop over the past week may have reached its bottom. The key psychological support level at $90,900 will be crucial in determining the next direction. If BTC holds this level, it could quickly recover or enter a consolidation phase. Investors should closely monitor these levels as they could be the key to initiating a new growth phase.

#BTC☀ , #bitcoin , #cryptonews , #CryptoPredictions , #cryptocurrency

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Robinhood has discussed the possibility of owning bitcoin, but has no plans to do so yet.

Although the company does not own #bitcoin , Robinhood's share price is closely correlated with the cryptocurrency's performance.
#Robinhood intends to take a conservative approach to #digital assets, but plans to increase its presence in the market by acquiring Bitstamp.
Robinhood CEO Vlad Tenev recently discussed the possibility of keeping bitcoin as part of the trading platform's retained earnings. He stated that such a possibility has been discussed many times within the company. However, he made it clear that Robinhood has no plans to do so at the moment. While the idea of holding bitcoins has surfaced from time to time, as the company has become increasingly interested in cryptocurrencies, it seems to be more focused on offering its customers services to buy and sell digital assets.
We're not ruling it out. We are not doing that at the moment. We don't do investment management, he added.
Although Robinhood is not following the example of large companies like MicroStrategy or Tesla that buy bitcoins and hold them on their balance sheets, Tenev said that cryptocurrencies He emphasized that Robinhood's share price is already highly correlated with bitcoin, even without holding it in treasury. This is due to the growing correlation between the #cryptocurrency market and shares of trading platforms like Robinhood. The company's stock price has risen 202% this year, while bitcoin has risen 110%.
Although the company does not hold bitcoin, Robinhood's stock price performance is influenced by developments in the cryptocurrency market and reflects the growing crossover between traditional trading platforms and digital assets. However, Tenev also notes that the bitcoin acquisition could complicate the company's image among investors.
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Highlights From President-elect Donald Trump and increased demand for digital asset funds and derivatives, the US has regained its position as the world's cryptocurrency capital.

U. S. #bitcoin ETFs, including BlackRock's iShares Bitcoin Trust, have attracted more than $500 billion in trading volume and $36 billion in inflows.
From President-elect Donald Trump to the growing demand for digital asset funds and derivatives in 2025 and beyond, the U. S. is back in the global spotlight.
According to Bloomberg, the Trump administration has declared the U. S. the epicenter of the #cryptocurrency sector, a trading boom that began in early 2024 when U. S. bitcoin ETFs began to take off.
According to Bloomberg, the Biden administration's crackdown on cryptocurrencies reversed a shift that made Asia a key center,
For example, U. S. bitcoin ETFs have surpassed $500 billion a day, with net inflows of about $36 billion since launch. The most successful to date is BlackRock's iShares Bitcoin Trust.
Chicago-based CME Group has blazed a new trail in bitcoin and ether futures trading, and has equaled #Binance in terms of open interest. It has also displaced powerful offshore platforms such as Binance in terms of open interest volume.
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