In 2025, VanEck expects Bitcoin at $180,000 and Ethereum at $6,000
Analysts at VanEck predict a bull market in the first quarter of 2025, during which Bitcoin and Ethereum will reach new peaks. However, a consolidation is expected by mid-year. Experts expect that Bitcoin will reach $180,000, and Ethereum will rise to $6,000. Other leading cryptocurrencies will also see significant price increases, for example, the price of Solana and Sui will rise to $500 and $10.
Head of Bitcoin tools Synonym proposed to conduct the denomination of Bitcoin
John Carvalho stated that the change will reflect the true nature of the Bitcoin network, rather than users' perception of one Bitcoin as one hundred million satoshis. Koval proposed renaming satoshis to bitcoins and removing the values after the decimal point as the smallest unit of the digital currency. For example, 1000 satoshis, which currently display as 0.00001000 BTC, will be displayed as 1000 bitcoins.
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Traders dumped $2.5 billion worth of Ethereum in one day
Over the past 24 hours, traders have dumped $2.5 billion worth of Ethereum, causing the coin's price to plummet. Ethereum prices plummeted on Monday night, falling 12% by midnight to their lowest since late November at $3,491. The dump was caused by a sudden surge in the number of assets being sold as traders took profits.
The hamster from the game Hamster Kombat has been nominated for the 'Heroes of Runet' award
A source at the Regional Public Center for Internet Technologies (ROCIT) reported that the hamster from the popular tapping game Hamster Kombat has been nominated for the 'Heroes of Runet' award. It is not specified who from the team will receive the award, but it is known that the selection criterion for the hamster was the fact that the game was widely discussed by the Runet community and engaged tens of millions of users.
The SEC will reject all five applications to launch spot ETFs based on Solana
The SEC will reject all five applications to launch spot ETFs based on Solana. SOL/USD 1.64% Happycoin.club - Hopes for the emergence of a spot Solana ETF collapsed after the U.S. Securities and Exchange Commission (SEC) announced plans to reject several applications. FOX Business journalist Eleanor Terrett confirmed this news, stating that the regulator will not approve any new cryptocurrency exchange-traded fund under the current administration.
Cryptocurrency XRP rose by 10% in bullish trading during the rally
The cryptocurrency XRP traded at $2.5663 at 19:04 (16:04 GMT) on the Investing.com Index on Saturday, with changes of 10.21% during the day. This was the sharpest daily increase of the cryptocurrency since December 2. Such growth pushed the market capitalization of XRP to $145.2027B, 3.95% of the total market capitalization of all cryptocurrencies. Previously, at its peak, the capitalization of XRP was $155.2807B.
Meme coin Hawk Tuak fell by 90% due to fraud allegations
what a twist.
The long-awaited launch of the meme token Hawk Tuak (HAWK) by crypto influencer Haley Welch turned into a failure: initially, the asset sharply increased in price, but then fell by 90%. The reason for the failure was accusations that HAWK developers were involved in insider trading and used 'sniper' wallets.
Spot Bitcoin ETFs record inflows for the fifth consecutive day
American spot Bitcoin ETFs continue to attract investor funds — over five days, the total net inflow in 12 funds exceeded $2 billion. According to SoSoValue data, on Wednesday, December 4, Bitcoin ETFs recorded an inflow of over $556 million. Inflows into BTC ETFs For the fourth consecutive day, BlackRock's IBIT was the leader in inflows — on Wednesday, investors poured about $571.71 million into the largest asset fund.
The Canadian stock market closed higher, with the S&P/TSX Composite gaining 0.02%
The Canadian stock market closed Wednesday up, driven by gains in the IT, industrial, and utility sectors. At the close of the Toronto Stock Exchange, the S&P/TSX Composite rose by 0.02%. The top gainers among the components of the S&P/TSX Composite index at the end of today's trading were the shares of Spin Master Corp (TSX:TOY), which rose by 1.64 points (4.98%), closing at 34.58. The shares of MDA Ltd (TSX:MDA) increased by 1.31 points (4.73%), finishing at 29.00. The shares of K92 Mining Inc (TSX:KNT) rose by 0.32 points (3.55%), closing at 9.34.
WTI crude oil futures quotes fell during Asian trading on Thursday.
On the New York Mercantile Exchange, WTI crude oil futures for January delivery are trading at $68.55 per barrel, having dropped by 0.01% at the time of this comment.
The session low was marked at $ per barrel. At the time of writing, WTI oil found support at $67.71 and resistance at $70.52.
The futures contract for the USD index, which shows the value of the US dollar against a basket of six major currencies, fell by 0.02% and is trading at 106.27.
As for other commodities traded on ICE, the Brent crude oil futures for February delivery fell by 0.00%, reaching $72.31 per barrel, while the price difference between Brent and WTI crude oil contracts was $3.76 per barrel.
The Colombian stock market closed down, with COLCAP declining by 0.56%
The Colombian stock market closed Wednesday with a decline amid negative dynamics from the financial, COL Investment, and public utilities sectors. At the close, the Colombian stock exchange COLCAP fell by 0.56%. Among the leaders in growth among the COLCAP index components at the end of today's trading were the shares of Canacol Energy Ltd (BVC:CNE), which increased by 500.00 points (4.00%), closing at 13,000.00. The quotes for Grupo de Inversiones Suramericana SA Preferred (BVC:SIS_p) rose by 260.00 points (1.12%), finishing trading at 23,500.00. Shares of Organizacion Terpel SA (BVC:TPL) increased in price by 80.00 points (0.72%), closing at 11,200.00.
The Mexican stock market closed with gains, the S&P/BMV IPC added 0.98%
The Mexican stock market finished Wednesday's trading with gains due to the strengthening of the industrial, consumer goods and services sectors, and mass consumer goods producers. At the close of the Mexican stock exchange, the S&P/BMV IPC increased by 0.98%. Among the leaders in growth among the components of the S&P/BMV IPC index at the end of today's trading were the shares of GCC SAB de CV (BMV:GCC), which rose by 8.57 points (4.84%), closing at 185.51. The quotes of Qualitas Controladora SAB de CV (BMV:Q) increased by 6.66 points (4.16%), finishing trading at 166.74. The shares of Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) increased in price by 0.61 points (3.83%), closing at 16.55.
The U.S. stock market closed up, with the Dow Jones adding 0.69%
The U.S. stock market finished Wednesday's trading up due to the strengthening of the technology, consumer services, and industrial sectors. At the close of the New York Stock Exchange, the Dow Jones rose by 0.69%, reaching an all-time high, the S&P 500 index increased by 0.61%, and the NASDAQ Composite index rose by 1.29%.
Shares of PayPal Holdings (NASDAQ:PYPL) rose by 2% following the company's presentation at the UBS Global Technology and AI conference. The digital payments giant reiterated its confidence in previously stated forecasts, expecting growth in the mid-single-digit range for the quarter. During the conference, PayPal highlighted its strong performance during five days of cyber sales, a critical period for retail and online shopping, despite the later-than-usual timing of the Christmas holidays and cyber sales this year.
QCP Capital identified the main reason for the growth of the altcoin market
The altcoin XRP was able to surpass its historical maximum of 2021 at $2, showing an impressive growth of 400% since November and reaching $2.90. Other altcoins also showed significant growth. ADA rose by 300%, HBAR by 800%, and XLM by 600%, analysts noted. «The key driver of growth was the proposal to abolish the capital gains tax for cryptocurrencies, made by American companies. The market expects the formation of a more favorable regulatory environment for the crypto industry,» explained QCP Capital.
Putin proposed allowing the withdrawal of dividends from IIS-3 to other accounts
The President of Russia, Vladimir Putin, proposed allowing the withdrawal of dividends from IIS-3 to other accounts. He voiced this proposal during his speech at the investment forum 'Russia Calls'. Other important statements from the head of state: The Central Bank and the Government should prepare additional support measures for issuers, so that going public (IPO) is more profitable and attractive for them;
Nike to close its NFT studio RTFKT after releasing its final collection
According to a statement from NFT studio RTFKT, the project, acquired by sportswear giant Nike (NYSE:NKE) for an undisclosed amount, plans to release its final collection BLADE DROP and shut down by the end of January 2025. We announce plans to wind down RTFKT's operations. To honor our team, we will launch an updated website showcasing the works that defined the studio's path, RTFKT stated.
Cryptocurrency EOS traded at $1.2453 at 02:24 (23:24 GMT) on the Investing.com Index on Tuesday, with changes of 10.44% during the day. This was the sharpest daily increase of the cryptocurrency since December 3.
Such growth pushed the market capitalization of EOS to $1.8743B, accounting for 0.05% of the total market capitalization of all cryptocurrencies. Previously, at its peak, the market capitalization of EOS was $17.5290B.
Over the last 24 hours, EOS traded in a range from $1.0543 to $1.2453.
In the last 7 days, EOS showed a volume increase of 54.56%. The volume of EOS in the last 24 hours was $1.2110B or 0.43% of the total cryptocurrency volume. It traded in the range of $0.7725 to $1.2453 over the past seven days.
Currently, the price of EOS has fallen from the established high.
Meanwhile, other cryptocurrencies
Cryptocurrency Bitcoin was priced at $95,957.9 on the Investing.com Index, rising 0.58% for the day.
Ethereum traded at $3,626.24 on the Investing.com Index, showing an increase of 0.23%.
The market capitalization of Bitcoin was previously $1,900.0337B or 54.12% of the total market capitalization of all cryptocurrencies, while the market capitalization of Ethereum was $437.0037B or 12.45% of the total cryptocurrency market.
The authorities of Cambodia have banned the operations of 16 cryptocurrency exchanges, including Binance and Coinbase
In an effort to regulate the cryptocurrency market, the authorities of Cambodia have blocked access to 102 domains, including 16 major exchanges such as Binance, OKX, and Coinbase (NASDAQ:COIN). Nikkei Asia reported that these platforms failed to obtain licenses from the Securities and Exchange Commission of Cambodia, which are necessary to operate in the country. Although the websites of the platforms are now unavailable to Cambodians, their mobile applications continue to function.