Today the Bitcoin market is really exciting. The price shot up like a roller coaster, first spiking to a high of $95,024, then quickly dropping back to around $92,600. What's even more interesting is that more than half of the energy used for Bitcoin now comes from clean sources, exceeding 50%. Didn't Musk say that once the clean energy usage rate for Bitcoin reached this level, Tesla would start accepting Bitcoin as a payment method again? It seems that this condition has now been met.
Analysts: The virtuous cycle of MicroStrategy may have been broken.

The daily chart of Bitcoin shows that the pullback is nearing a key support level. Since this is a pullback, we need to pay attention to market trends during the decline to look for effective support and observe whether key support levels will show signs of a stop-loss. Predicting prices alone lacks practical significance; a comprehensive assessment must be conducted by analyzing the changes in bullish and bearish forces within the entire oscillation range.

Interestingly, during this Bitcoin pullback, many strong altcoins seem no longer to follow the decline. However, some weak altcoins have dropped more than Bitcoin. This phenomenon may become more evident in future trends, leading to more severe market differentiation. The strong will become stronger, while the weak will become weaker; this trend will bring us new challenges and tests.

Bitcoin (BTC) price fell below $93,000, with a market cap drop of 1.5% and a trading volume surge of 50%. Get the latest cryptocurrency prices now.

Today's cryptocurrency prices reflect a downturn, with Bitcoin (BTC) dropping below $93,000, marking a significant decline. Helium (HNT) fell 12%, while Quant (QNT) dropped 10%, highlighting the market's challenging phase.
The global market cap fell by 1.5%, currently at $3.22 trillion. However, trading volume surged by 50%, now at $139 billion.
Today's cryptocurrency prices: BTC, ETH, and XRP have declined during the market downturn

Last night, the US stock market experienced a slight drop, breaking through the recent consolidation range, and I don't really make predictions about where it will go next. Looking at the market from two perspectives: 1. First, market sentiment is low, especially affected by the drop in altcoins, which means that funds within the circle are not very active; at least the active tokens in CEX have been few lately, while on-chain activity is relatively high, indicating that some active funds may be shifting from CEX to on-chain. 2. The current position of the US stock market is also difficult to break through. I believe that BTC and the US stock market will be sluggish in the coming days, mainly to leave space for the market after Trump's inauguration in 20 days. If a double top is to be formed, it is still possible to speculate on a wave from the news of Trump's inauguration that started at the beginning of the month, depending on whether the main force is willing to do so. In terms of operations: one can gradually bottom fish after the New Year's Day low; the short-term correction should be due soon, and the focus for rebound tokens should still be on the recently strong tokens.

The market rhythm is proceeding as expected; the United States is still on holiday, Bitcoin is looking for a bottom, and altcoins are fluctuating to create a base.

Why is there a decline?

Currently, there doesn't seem to be any new negative news. The current price of BTC fluctuating around $95,000 is quite normal. After the election, BTC's lowest fluctuation range came down to around $92,000, and later it was lifted due to various positive news. So, fluctuations during the recent period of low liquidity are nothing unusual.

The current investors have normalized their emotions during the holidays. Now, retail investors in the market have mostly sold what they needed to sell and bought what they needed to buy. In the absence of institutional or large fund intervention, the buying and selling volume is limited to this. Unless there is new positive or negative news to stimulate the market, emotional buying or selling is unlikely to occur again. Otherwise, it will likely maintain a state of fluctuation.

Bitcoin dropped to a low of around $93,000 around 06:30 this morning, marking the lowest point in nearly a week, and the market liquidity shortage caused by the European and American holidays seems to have not yet shown significant recovery.
In the past 24 hours, a total of 76,503 traders were liquidated, totaling $160.03 million.
Has Bitcoin's movement over the past two days made you feel drowsy?
I made a comparison and can clearly see that Bitcoin's current trading volume has entered a very low level, comparable to the trading volume during the eight-month stagnant period at $65,000.
Therefore, the current sell-off has nothing to do with so-called market makers or big players; it is all a PVP of BTC holders under low liquidity. The real price movement will have to wait until liquidity recovers in stages.

2024 is almost over, and for most people, it may be more losses than gains, especially from March to October, which has been quite torturous. Of course, it is still quite torturous now, as the market has experienced a significant pullback, particularly in altcoins, where retail investors suffer the most severe losses each time.
The altcoin season will definitely arrive in 2025. Many people believe that this bull market is different from previous ones, but overall, they are quite similar, with not much change. The cycles may just be advanced or delayed, having little impact on the rhythm of the entire bull market.

This morning around 06:30, Bitcoin dropped as low as $93,000, marking the lowest point in nearly a week. The market liquidity shortage caused by the European and American holidays seems yet to have shown any significant recovery.
In the past 24 hours, a total of 76,503 traders were liquidated, amounting to $160.03 million.

Has Bitcoin's recent movement made you feel drowsy?

Recently, I made a comparison and found that Bitcoin's trading volume has dropped to a quite low level, almost the same as the trading volume during the eight months of fluctuation around $65,000. This indicates that the current market decline is not a result of 'whales' or 'big players' manipulating it, but more due to the 'PVP' (Player vs Player) interaction among BTC holders in the current low liquidity.

In today's wave of digitalization, digital currency has become a hot topic, attracting the attention of many investors. However, there is a so-called 'digital currency'—Pi Coin—that appears full of opportunities but is actually a carefully designed scam, quietly consuming people's wealth and trust.
Since its launch, Pi Coin has been touted under the banner of 'zero cost' and 'free mining,' claiming that users can easily earn Pi Coins by simply clicking on their phones, and that these Pi Coins will have enormous value in the future, comparable to mainstream digital currencies like Bitcoin, or even surpassing them. This seemingly enticing promotion has led many uninformed individuals to join in, dreaming of overnight wealth.

Today is the weekend; good afternoon, everyone.
Yesterday's cryptocurrency market felt like a small roller coaster ride. Bitcoin caused a slight tremor in the market, and those market makers tried to pull the price back but failed. The market was erratic, rising and falling rapidly, making everyone anxious. So, is the bull market in cryptocurrency still there?
Currently, in this market, everyone knows that Bitcoin is in a bull market. Prices are constantly breaking new highs. However, a bull market is when at least 70% of coins in the cryptocurrency space rise collectively; that is a real bull market. This wave has obviously not shown that trend, but we cannot be too rigid, as the capital size and background in the cryptocurrency space are completely different now.

FLOKI, this dog-themed meme cryptocurrency, is moving towards new heights with its unique pace. Recently, FLOKI took a crucial step by announcing plans to launch its own Exchange-Traded Product (ETP) in the first quarter of 2025, a news that has caused a stir in the cryptocurrency community, indicating that FLOKI is about to embark on a brand-new journey.

FLOKI, as a member of the meme coin ecosystem, has been known for its unique community culture and strong fan base since its inception. Similar to Dogecoin, FLOKI also carries a lighthearted, humorous, and creative cultural atmosphere, which makes it stand out among numerous cryptocurrencies. The launch of this ETP is undoubtedly an important milestone in FLOKI's development, marking further penetration of FLOKI into the financial market and indicating that meme coins are gradually gaining recognition in mainstream finance.

Today's cryptocurrency market shows declines in Bitcoin, ETH, and top altcoins, with notable volatility in BONK coins and Bitget tokens.

With the holidays approaching, the cryptocurrency market is experiencing a period of calm today. Bitcoin (BTC) and Ethereum (ETH) both declined, with BTC falling below 95K and ETH dropping to the 3300 range. Bitcoin has been hovering around 94K for over a month now and remains between 94K and 108K. Top altcoins show a bearish trend, with most tokens down 1% to 5% in the past 24 hours.
The overall market capitalization has also dropped by about 2%, currently at $3.28 trillion. With many investors in a holiday mood, enjoying the last few days of 2024, trading volume has significantly decreased by 34%. Market activity is expected to rebound after the first week of January, when trading volume may return to normal levels. The Fear and Greed Index currently stands at 51, indicating a neutral market sentiment.

Last night, the US stock market opened normally with a general rise, and the ETF data for BTC and Ethereum also came out today, showing normal inflows. Therefore, under these circumstances, the weekend market is still quite anticipated, as it can generally be seen as a signal of warming and rising. Currently, the market is still fluctuating within a range. Once there is a decline, the market will quickly bounce back, which proves that the funds from the U.S. have already started to recover slowly. The upcoming trend, without any significant negative news, will likely walk in a warming state towards the upward range because the negative news about the Fed's rate cuts in 2025 has mostly been digested. Although this week is the last Sunday of 2024 and there is also the expiration of 4.2 billion dollars in options, investors will likely choose to postpone rather than immediately sell off, so this wave of delivery will not have a significant impact on the market. Then to show you the data, BTC has a net inflow of 475 million dollars, and Ethereum has a net inflow of 117 million dollars. Ethereum has almost bought back all the outflow data from two days before Christmas in just one day, but Bitcoin still lags a bit. This shows that institutions are gradually becoming interested in Ethereum. Although Ethereum's price is still far from its historical high, the trend has already shown that institutions and investors are more optimistic about its sentiment. If Ethereum can maintain this inflow, I believe its price will rise, and the long-awaited altcoin season will soon be seen with Ethereum's push!

Bitcoin has reached a record high this year, mainly due to the approval of the US spot Bitcoin ETF and the successful re-election of Donald Trump. However, even though Bitcoin has performed well, there are some assets in the market that have seen even more amazing gains.

According to Decrypt's analysis using CoinGecko and Nasdaq data, the best performing crypto assets must meet the following criteria: from January 1 to December 17, the market value must be at least $500 million. The following are the most outstanding asset classes this year:

PEPE — The miracle of the new emoji token

As one of the emoji tokens launched in recent years, PEPE is based on the internet cartoon character Pepe the Frog, an image that was once controversial due to its abuse by far-right groups.

The price of Dogecoin is currently in a downward trend, mainly because it has entered a period of adjustment after a sharp rise in the past two months. However, from a technical point of view, as the leader of meme coins, Dogecoin still has the potential to rise in the long run.
If we take a closer look at Dogecoin’s candlestick chart over the last two weeks, through technical analysis, I believe that Dogecoin has the potential to see a gain of approximately 570%, provided that it can break through the 1.0 Fibonacci extension level.
Fibonacci extensions hint at bullish trend

Dogecoin is currently in the third critical bullish cycle in its history. If we look back at the previous two cycles, based on historical trends, Dogecoin has a high probability of rising 570% from its current price.

The price of Bitcoin exceeded $100,000, becoming an important node in history. Rising investor sentiment, coupled with macroeconomic factors and the imminent expiration of $14 billion in options, may lead to a significant increase in market volatility.

Bitcoin prices have finally broken through the $100,000 mark as global investors focus on the digital asset. Although the gains were somewhat limited by low liquidity during the holiday season, market confidence in its long-term performance is growing.
This price breakthrough was not only driven by high investor sentiment, but also closely related to the macroeconomic background and upcoming options events. On December 27, up to $14 billion in Bitcoin options will expire, of which $4 billion in open positions have entered the "in-the-money" state. This scale sets a historical record for the Deribit exchange and may lead to a significant increase in market volatility. Deribit CEO Luuk Strijers pointed out that this expiration event will become a key market driver in the short term.

Dear coin friends, wasn't that plunge of Bitcoin yesterday afternoon quite thrilling? I mentioned in yesterday's analysis that we should consider taking action around 100,000, and it seems pretty accurate! What should we do in the next few days? Let me explain. Friendly reminder: This article is purely my personal review and does not constitute any investment advice; just enjoy it for fun, play smart with coins, and don't follow the crowd.
Bitcoin may still have to drop; we need to keep an eye on the levels of 92000, 88000, and 85000. If it drops, we will buy a bit of spot in small batches, aiming for steady success!
As for BNB, it is still hovering between 670 and 710. Participating in the launchpool is quite worthwhile; locking up can also earn airdrops, and the selling pressure is not great, with a loyal fanbase, it's quite stable. The launchpool essentially protects long-term holders in disguise.

Dear coin friends, wasn't yesterday afternoon's drop in Bitcoin quite thrilling? I mentioned in yesterday's analysis that it was time to act around 100,000, and it seems quite accurate! What should we do in the next few days? Let me share my thoughts. Friendly reminder: This article is purely my personal review and does not constitute any investment advice; just enjoy it, play smart with coins, and don't follow the trend.
Bitcoin may still drop; watch the three levels of 92000, 88000, and 85000 closely. If it does fall, we will buy some spot in small batches, seeking steady gains!
$BNB is still hovering between 670 and 710. Participating in launchpool is quite worthwhile; locking up funds can also yield airdrops, and selling pressure is not high, with many loyal fans, making it quite stable. Launchpool essentially protects long-term holders in a disguised way.

Last night, BTC continued to follow the 30-day moving average upwards, and today it also returned to 100,000. Today's data shows that the spot Bitcoin ETF holdings have increased to 1.17 million BTC, confidently the largest in the world. This holding amount exceeds the 1.1 million BTC in the suspected holding address of Satoshi Nakamoto.

The double top correction has really come! Will Bitcoin drop to 93,000?

Bitcoin is currently basically flat with the moving average of 98,800, and the daily line has reached the middle track of the Bollinger Bands. The 100,000 breakthrough failed, forming a double top, with soft support around 95,500 and strong support around the neckline of the M head at 93,000. Although there was no breakthrough yesterday, don't be discouraged; we can just take advantage of the pullback to buy at lower prices. (Reminder: The monthly line will be collected soon.)

With Bitcoin's recent strong price rebound, market optimism has reached unprecedented heights.

Although many people are full of expectations for Bitcoin's future performance, believing it may break through historical highs of $125,000 or even $235,000, some analysts voice differing opinions.

They warn that despite Bitcoin's current strong upward momentum, future gains may not meet expectations, and the market may face significant adjustment risks.

Bitcoin's Current Rebound: Short-term Benefits, Long-term Concerns
Since Bitcoin broke through the $100,000 mark, market sentiment has instantly turned extremely optimistic, with the greed index soaring to 79, indicating that investors have extremely high confidence in its future direction.