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$XRP
XRP price turns bull green on Christmas Eve
Yesterday, on Christmas Eve, the crypto market experienced a positive shift, with many digital assets, including XRP, seeing price increases. The price of the Ripple-affiliated asset grew by more than 5.1%, reaching a recent high of $2.325. Traditionally, the festive season brings a buoyant mood to the market, which could influence trading behavior. However, as traders and fund managers finalize their year-end accounts, the impact of traditional financial practices may also affect the cryptocurrency landscape, especially with the involvement of major institutions like BlackRock (NYSE:BLK) and Fidelity. At the moment of writing, XRP is trading at $2.29, down almost 1% over the past 24 hours, per CoinMarketCap.
SHIB burns collapse as price makes unexpected pivot
According to data by the Shibburn blockchain tracker, the Shiba Inu burn rate has significantly decreased. Despite burn activity declining by over 64%, the SHIB community managed to burn 3,166,691 SHIB meme coins within the last 24 hours. This was achieved through six burn transactions, with the largest transfers being 1,040,537 and 1,008,249 SHIB coins. On Monday, SHIB enthusiasts collectively burned around 10,000,000 SHIB by sending them to unspendable wallets. Meanwhile, the current burn rate does not appear to be influencing the SHIB price, which has risen from $0.00002117 to $0.00002336. Currently, SHIB is changing hands at $0.000023, up by 0.12%, per CoinMarketCap.
#XmasCryptoMiracles
XRP price turns bull green on Christmas Eve
Yesterday, on Christmas Eve, the crypto market experienced a positive shift, with many digital assets, including XRP, seeing price increases. The price of the Ripple-affiliated asset grew by more than 5.1%, reaching a recent high of $2.325. Traditionally, the festive season brings a buoyant mood to the market, which could influence trading behavior. However, as traders and fund managers finalize their year-end accounts, the impact of traditional financial practices may also affect the cryptocurrency landscape, especially with the involvement of major institutions like BlackRock (NYSE:BLK) and Fidelity. At the moment of writing, XRP is trading at $2.29, down almost 1% over the past 24 hours, per CoinMarketCap.
SHIB burns collapse as price makes unexpected pivot
According to data by the Shibburn blockchain tracker, the Shiba Inu burn rate has significantly decreased. Despite burn activity declining by over 64%, the SHIB community managed to burn 3,166,691 SHIB meme coins within the last 24 hours. This was achieved through six burn transactions, with the largest transfers being 1,040,537 and 1,008,249 SHIB coins. On Monday, SHIB enthusiasts collectively burned around 10,000,000 SHIB by sending them to unspendable wallets. Meanwhile, the current burn rate does not appear to be influencing the SHIB price, which has risen from $0.00002117 to $0.00002336. Currently, SHIB is changing hands at $0.000023, up by 0.12%, per CoinMarketCap.
#XmasCryptoMiracles
$XRP
XRP Price Trends: To Appeal or Not Appeal?On Tuesday, December 24, XRP advanced by 2.88%, following Monday’s 2.62% gain, closing at $2.3237. XRP underperformed the broader market, which advanced by 3.45% to a market cap of $3.360 trillion. Uncertainty about the SEC appeal filing left XRP trailing the wider market.
Near-term trends will hinge on whether the SEC files its opening brief. Should the SEC file its opening brief, XRP may face heightened selling pressure, risking a drop below $1.50. Conversely, a decision to withdraw the appeal could propel XRP toward its January 2018 all-time high of $3.55.
A withdrawal would set the Programmatic Sales of XRP ruling as a crucial legal precedent and pave the way to an XRP-spot ETF market.
In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test. This precedent could end the SEC’s legal cases against crypto firms supporting secondary crypto sales
#ReboundRally
XRP Price Trends: To Appeal or Not Appeal?On Tuesday, December 24, XRP advanced by 2.88%, following Monday’s 2.62% gain, closing at $2.3237. XRP underperformed the broader market, which advanced by 3.45% to a market cap of $3.360 trillion. Uncertainty about the SEC appeal filing left XRP trailing the wider market.
Near-term trends will hinge on whether the SEC files its opening brief. Should the SEC file its opening brief, XRP may face heightened selling pressure, risking a drop below $1.50. Conversely, a decision to withdraw the appeal could propel XRP toward its January 2018 all-time high of $3.55.
A withdrawal would set the Programmatic Sales of XRP ruling as a crucial legal precedent and pave the way to an XRP-spot ETF market.
In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test. This precedent could end the SEC’s legal cases against crypto firms supporting secondary crypto sales
#ReboundRally
$POL
Polygon’s native coin, POL, has an oscillating price trend. However, the last quarter showed an upward trajectory. Today, the POL price is at $0.4171, dropping over 20% in today’s trading session. In addition, it has been down 6.5% in the last 30 days, with 7-day losses pegged at 32%.
The price movements coincided with Binance.US stating it would support the MATIC-to-POL token migration. This migration is expected to start on January 9, when the conversion of MATIC to POL, at a 1:1 ratio, is anticipated.
Binance.US stated it would temporarily suspend trading on MATIC before this process commences. The platform requested that customers unstake active tokens to prepare for this move once completed. Thereafter, the trading of POL will be restored, as well as its deposit and withdrawal functions.
Meanwhile, despite the POL price slump today, analysts remain optimistic about its future. Polygon’s ecosystem is growing significantly through NFTs, tokenizing real-world assets, and decentralizing AI applications. The developments show the company continues to push forward with use cases catering to various sectors, per the CNF report.
AggLayer upgrade and associated innovations have led people to speculate about POL price action going ahead. Market analysts pointed towards increased adoption and diversification in terms of use cases, which could push the token’s value to $1 in the coming year. However, the crypto has to break the ongoing downtrend and rebound significantly to achieve the target. Currently, the $0.5 serves as a critical juncture in the journey to $1.
#ChristmasMarketAnalysis
#MarketRebound
Polygon’s native coin, POL, has an oscillating price trend. However, the last quarter showed an upward trajectory. Today, the POL price is at $0.4171, dropping over 20% in today’s trading session. In addition, it has been down 6.5% in the last 30 days, with 7-day losses pegged at 32%.
The price movements coincided with Binance.US stating it would support the MATIC-to-POL token migration. This migration is expected to start on January 9, when the conversion of MATIC to POL, at a 1:1 ratio, is anticipated.
Binance.US stated it would temporarily suspend trading on MATIC before this process commences. The platform requested that customers unstake active tokens to prepare for this move once completed. Thereafter, the trading of POL will be restored, as well as its deposit and withdrawal functions.
Meanwhile, despite the POL price slump today, analysts remain optimistic about its future. Polygon’s ecosystem is growing significantly through NFTs, tokenizing real-world assets, and decentralizing AI applications. The developments show the company continues to push forward with use cases catering to various sectors, per the CNF report.
AggLayer upgrade and associated innovations have led people to speculate about POL price action going ahead. Market analysts pointed towards increased adoption and diversification in terms of use cases, which could push the token’s value to $1 in the coming year. However, the crypto has to break the ongoing downtrend and rebound significantly to achieve the target. Currently, the $0.5 serves as a critical juncture in the journey to $1.
#ChristmasMarketAnalysis
#MarketRebound
$BTC
Crypto prices today are showing bearish momentum as Bitcoin (BTC) dropped below the $97K level, marking a sharp decline from its $108K all-time high earlier this week. The BTC price hit a low of $92K, reflecting significant volatility. Major altcoins followed the downtrend, with Ethereum (ETH) down 4% and Solana (SOL) dropping 7% in the last 24 hours. dogwifhad (WIF) became the worst performer, losing 13% in the same period.
The global crypto market capitalization fell by approximately 2%, now at $3.34 trillion. Trading volume also dropped significantly and down by 44% to $170 billion. The Fear and Greed Index currently reads 59, indicating a neutral market sentiment despite the recent declines.
#BTCNextMove
#ChristmasMarketAnalysis
Crypto prices today are showing bearish momentum as Bitcoin (BTC) dropped below the $97K level, marking a sharp decline from its $108K all-time high earlier this week. The BTC price hit a low of $92K, reflecting significant volatility. Major altcoins followed the downtrend, with Ethereum (ETH) down 4% and Solana (SOL) dropping 7% in the last 24 hours. dogwifhad (WIF) became the worst performer, losing 13% in the same period.
The global crypto market capitalization fell by approximately 2%, now at $3.34 trillion. Trading volume also dropped significantly and down by 44% to $170 billion. The Fear and Greed Index currently reads 59, indicating a neutral market sentiment despite the recent declines.
#BTCNextMove
#ChristmasMarketAnalysis
$SOL
SOL’s market cap sits at $102.80 billion.
The global crypto market turned bullish, with the total market cap climbing 9.37% to $2.98 trillion. In the Asian trading hours, Bitcoin (BTC) hit its new all-time high at $89,604, while Ethereum (ETH) rallied above $3.3K. This shift has ignited optimism in the market, driving a bullish outlook.
Notably, the altcoin Solana (SOL) has experienced a 5.80% price gain. Over the last 24 hours, SOL has hit a high of $223.22. At press time, it is trading at the $217.25 mark.
For the first time, SOL has surpassed the $100 billion market capitalization mark. Currently, it sits at $102.80 billion. A few days back, the market cap dominance of SOL hit a new high at 3.81%. During this time, CMC data revealed that SOL’s daily trading volume was $10.74 billion. Meanwhile, Solana has witnessed a 24-hour liquidation of $21.56 million.
The altcoin’s price momentum saw a surge of over 36% in the past seven days. Solana began trading in the $160.30 range. Eventually, the asset’s price steadily climbed to the current price level
#MarketPullback
#BTCOutlook
SOL’s market cap sits at $102.80 billion.
The global crypto market turned bullish, with the total market cap climbing 9.37% to $2.98 trillion. In the Asian trading hours, Bitcoin (BTC) hit its new all-time high at $89,604, while Ethereum (ETH) rallied above $3.3K. This shift has ignited optimism in the market, driving a bullish outlook.
Notably, the altcoin Solana (SOL) has experienced a 5.80% price gain. Over the last 24 hours, SOL has hit a high of $223.22. At press time, it is trading at the $217.25 mark.
For the first time, SOL has surpassed the $100 billion market capitalization mark. Currently, it sits at $102.80 billion. A few days back, the market cap dominance of SOL hit a new high at 3.81%. During this time, CMC data revealed that SOL’s daily trading volume was $10.74 billion. Meanwhile, Solana has witnessed a 24-hour liquidation of $21.56 million.
The altcoin’s price momentum saw a surge of over 36% in the past seven days. Solana began trading in the $160.30 range. Eventually, the asset’s price steadily climbed to the current price level
#MarketPullback
#BTCOutlook
$ETH
Ethereum's (ETH) price extended its good run from 2023 into 2024, rising by about 48% to $3,390 in December. ETH somewhat mimicked its performance of 2023, posting a green first quarter that saw its price reach a two-year high of $4,093.
It declined from the late stages of Q1 and into Q2 – with $2,817 as a key support level – before surging in May. However, the increase didn't last long as ETH resumed a downtrend that spanned into Q3, breaching the $2,817 support. This aligned with the historical crypto market's slow growth in Q3 due to the holiday season.Ethereum picked up pace in Q4, rising by over 50% between November 5 and December 19, particularly fueled by bullish sentiment surrounding the US presidential election victory of Donald Trump.
Many anticipated a higher price ceiling of $5,000 for ETH in 2024 following the ETH exchange-traded fund (ETF) launch and overall crypto bullish market cycle. However, it looks set to fall short of expectations due to the headwind of declining on-chain revenue and the inflationary pressure it experienced during the year.
#MarketCorrectionBuyOrHODL?
#ETHNextMove
Ethereum's (ETH) price extended its good run from 2023 into 2024, rising by about 48% to $3,390 in December. ETH somewhat mimicked its performance of 2023, posting a green first quarter that saw its price reach a two-year high of $4,093.
It declined from the late stages of Q1 and into Q2 – with $2,817 as a key support level – before surging in May. However, the increase didn't last long as ETH resumed a downtrend that spanned into Q3, breaching the $2,817 support. This aligned with the historical crypto market's slow growth in Q3 due to the holiday season.Ethereum picked up pace in Q4, rising by over 50% between November 5 and December 19, particularly fueled by bullish sentiment surrounding the US presidential election victory of Donald Trump.
Many anticipated a higher price ceiling of $5,000 for ETH in 2024 following the ETH exchange-traded fund (ETF) launch and overall crypto bullish market cycle. However, it looks set to fall short of expectations due to the headwind of declining on-chain revenue and the inflationary pressure it experienced during the year.
#MarketCorrectionBuyOrHODL?
#ETHNextMove
$BTC
Is Bitcoin the Greatest Wealth Generator of Our Time
On December 5, 2024, Bitcoin hit $100,000, marking a significant moment in wealth creation. Early investors saw their holdings turn into vast fortunes, with some becoming millionaires and even billionaires in a short time.
A study by NFT Evening highlights Bitcoin’s incredible impact on personal wealth. As BTC crossed the $100,000 mark, it created 14,211 new millionaires in just one day.
Compared to traditional stocks, these returns are achieved much faster. Stock investors often wait decades to see similar gains.
Moreover, Bitcoin’s rise also minted four new billionaires, proving its unique power to build generational wealth.
#MarketCorrectionBuyOrHODL?
#BTCNextMove
Is Bitcoin the Greatest Wealth Generator of Our Time
On December 5, 2024, Bitcoin hit $100,000, marking a significant moment in wealth creation. Early investors saw their holdings turn into vast fortunes, with some becoming millionaires and even billionaires in a short time.
A study by NFT Evening highlights Bitcoin’s incredible impact on personal wealth. As BTC crossed the $100,000 mark, it created 14,211 new millionaires in just one day.
Compared to traditional stocks, these returns are achieved much faster. Stock investors often wait decades to see similar gains.
Moreover, Bitcoin’s rise also minted four new billionaires, proving its unique power to build generational wealth.
#MarketCorrectionBuyOrHODL?
#BTCNextMove
$BNB
BNB’s (BNB) Price Could Get Closer to $1K in Early 2025
BNB outperformed the broader altcoin market by recording an impressive 9.89% price increase over the past seven days. After this rally, BNB became the 5th largest cryptocurrency with a market cap of $104.83 billion. BNB is now forming a symmetrical triangle on its daily chart as it consolidates around the $722 level.
At the time of writing, BNB was trading for $727.87 after another intraday increase of 1.18%. At this price level, BNB is trading above all of its Simple Moving Averages on the daily chart. Analysts are keeping a close eye on the $710, $650 and $632 levels as a potential downside correction for BNB. If BNB’s buying activity remains high for the next few weeks, BNB’s price could break above the critical $746 level and set a long-term price target between the $805 and $900 range
#MarketCorrectionBuyOrHODL
BNB’s (BNB) Price Could Get Closer to $1K in Early 2025
BNB outperformed the broader altcoin market by recording an impressive 9.89% price increase over the past seven days. After this rally, BNB became the 5th largest cryptocurrency with a market cap of $104.83 billion. BNB is now forming a symmetrical triangle on its daily chart as it consolidates around the $722 level.
At the time of writing, BNB was trading for $727.87 after another intraday increase of 1.18%. At this price level, BNB is trading above all of its Simple Moving Averages on the daily chart. Analysts are keeping a close eye on the $710, $650 and $632 levels as a potential downside correction for BNB. If BNB’s buying activity remains high for the next few weeks, BNB’s price could break above the critical $746 level and set a long-term price target between the $805 and $900 range
#MarketCorrectionBuyOrHODL
Good
Binance Square Official
--
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:
1. Check in to Binance Square daily.*
2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair.
3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes:
Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid.
Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub.
Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:
1. Check in to Binance Square daily.*
2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair.
3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes:
Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid.
Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub.
Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.
Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
$BTC
Bitcoin (BTC), following a day of dip, managed to rise to the $97,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of gains and dips as the overall Market Fear & Greed Index stood at 73 (Greed) out of 100, as per CoinMarketCap data. The XDC Network (XDC) token became the sole top gainer, with a 24-hour jump of nearly 20 percent. Movement (MOVE) was the biggest loser today, with a 24-hour dip of over 48 percent.
Bitcoin (BTC), following a day of dip, managed to rise to the $97,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of gains and dips as the overall Market Fear & Greed Index stood at 73 (Greed) out of 100, as per CoinMarketCap data. The XDC Network (XDC) token became the sole top gainer, with a 24-hour jump of nearly 20 percent. Movement (MOVE) was the biggest loser today, with a 24-hour dip of over 48 percent.
$BTC
Bitcoin's wild ride to $100,000 brought something unexpected - a massive drop in realized profits. After touching that milestone, profits plunged 76% from their peak of $10.5 billion to just $2.5 billion.
The interesting part? This could actually be good news for Bitcoin's stability.
When Bitcoin first crossed $100,000, it triggered a sharp 10% drop and over $303 million in liquidations. But now, with fewer people rushing to cash out their gains, any future dips might be gentler.
Bitcoin's wild ride to $100,000 brought something unexpected - a massive drop in realized profits. After touching that milestone, profits plunged 76% from their peak of $10.5 billion to just $2.5 billion.
The interesting part? This could actually be good news for Bitcoin's stability.
When Bitcoin first crossed $100,000, it triggered a sharp 10% drop and over $303 million in liquidations. But now, with fewer people rushing to cash out their gains, any future dips might be gentler.
$BTC
Bitcoin's consistent growth trajectory and recent break above $100,000, which cemented its position as the market leader, lend credence to this opinion. The trend shows a distinct breakout from its previous downward channel, seen in the provided Bitcoin chart, below. Bitcoin has been steadily rising over the past few months and is currently consolidating between $98,000 and $100,000.
This consolidation creates short-term resistance at the six-figure mark by hinting at market participants taking profits. Bitcoin is still backed by solid fundamentals, though, and there is a lot of buying activity at lower levels, especially between $93,000 and $84,000. Higher highs and few retracements are indicative of a longer bullish phase, which is implied by a supercycle.
Bitcoin's consistent growth trajectory and recent break above $100,000, which cemented its position as the market leader, lend credence to this opinion. The trend shows a distinct breakout from its previous downward channel, seen in the provided Bitcoin chart, below. Bitcoin has been steadily rising over the past few months and is currently consolidating between $98,000 and $100,000.
This consolidation creates short-term resistance at the six-figure mark by hinting at market participants taking profits. Bitcoin is still backed by solid fundamentals, though, and there is a lot of buying activity at lower levels, especially between $93,000 and $84,000. Higher highs and few retracements are indicative of a longer bullish phase, which is implied by a supercycle.
$BTC
Bitcoin's (BTC-USD) recent cross above $100,000 has emboldened Wall Street bulls.
After Donald Trump's presidential win catalyzed the token's rally on hopes of crypto-friendly policies, this week's push to record highs above $103,000 per token has some strategists looking for another doubling in price by the end of next year.
"We remain convinced $100,000 is not the final milestone," Bernstein analyst Gautam Chhugani wrote in a note on Thursday. "We expect Bitcoin to hit a cycle-high of $200,000 in late 2025,"
Bitcoin's (BTC-USD) recent cross above $100,000 has emboldened Wall Street bulls.
After Donald Trump's presidential win catalyzed the token's rally on hopes of crypto-friendly policies, this week's push to record highs above $103,000 per token has some strategists looking for another doubling in price by the end of next year.
"We remain convinced $100,000 is not the final milestone," Bernstein analyst Gautam Chhugani wrote in a note on Thursday. "We expect Bitcoin to hit a cycle-high of $200,000 in late 2025,"
$BTC
Currently, Bitcoin is facing resistance level at around $102,000, which is the 1618 Fibonacci extension level. If Bitcoin can break above this, we could see a move towards $113,000. The next key price target is $113,000, but it's still a while before Bitcoin might reach $300,000, which could take a few more years and possibly the next bull market.
For support, Bitcoin is holding at around $89,000. Short-term, the price is consolidating around $100,000, and we might see sideways movement for a while as the market cools off.
Bitcoin is forming a symmetrical triangle pattern, with support around $99,000 and resistance around $102,000. A breakout above $102,000 could push the price towards $108,000, while a break below support could lead to a move down to around $93,000.
Currently, Bitcoin is facing resistance level at around $102,000, which is the 1618 Fibonacci extension level. If Bitcoin can break above this, we could see a move towards $113,000. The next key price target is $113,000, but it's still a while before Bitcoin might reach $300,000, which could take a few more years and possibly the next bull market.
For support, Bitcoin is holding at around $89,000. Short-term, the price is consolidating around $100,000, and we might see sideways movement for a while as the market cools off.
Bitcoin is forming a symmetrical triangle pattern, with support around $99,000 and resistance around $102,000. A breakout above $102,000 could push the price towards $108,000, while a break below support could lead to a move down to around $93,000.
$BTC
Bitcoin (BTC) price was trading at $97,824 at the time of writing, reflecting a 4% decline in the last 24 hours. Its 24-hour high reached $103,900, while it has recorded a substantial 33% increase over the past month. The market cap is currently at $1.93 trillion, with $146 billion in trading volume in the past 24 hours. BTC’s market dominance has dropped slightly, now standing at 53.84%.
Institutional activity continues to influence market trends. SoSo Value reported BTC ETF outflows of $3.85 million on Thursday, while Fidelity purchased $47 million worth of Bitcoin. Grayscale sold $148 million in GBTC shares while acquiring $95 million worth of BTC ETFs through its Bitcoin Mini Trust. BlackRock’s data on BTC activity remains anticipated.
Bitcoin (BTC) price was trading at $97,824 at the time of writing, reflecting a 4% decline in the last 24 hours. Its 24-hour high reached $103,900, while it has recorded a substantial 33% increase over the past month. The market cap is currently at $1.93 trillion, with $146 billion in trading volume in the past 24 hours. BTC’s market dominance has dropped slightly, now standing at 53.84%.
Institutional activity continues to influence market trends. SoSo Value reported BTC ETF outflows of $3.85 million on Thursday, while Fidelity purchased $47 million worth of Bitcoin. Grayscale sold $148 million in GBTC shares while acquiring $95 million worth of BTC ETFs through its Bitcoin Mini Trust. BlackRock’s data on BTC activity remains anticipated.
$BTC
Bitcoin (BTC) has just set a new record, posting a new all-time high of $100,000 early Thursday. The recent ‘Trump Bump’, an effect of Donald Trump winning the US Presidential Election, is believed to the biggest driver behind the rally. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens as the overall Market Fear & Greed Index stood at 85 (Extreme Greed) out of 100, as per CoinMarketCap data. The RENDER token became the top gainer, with a 24-hour jump of over 18 percent. Tron (TRX) was the biggest loser today, with a 24-hour dip of nearly 21 per cent.
Bitcoin (BTC) has just set a new record, posting a new all-time high of $100,000 early Thursday. The recent ‘Trump Bump’, an effect of Donald Trump winning the US Presidential Election, is believed to the biggest driver behind the rally. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens as the overall Market Fear & Greed Index stood at 85 (Extreme Greed) out of 100, as per CoinMarketCap data. The RENDER token became the top gainer, with a 24-hour jump of over 18 percent. Tron (TRX) was the biggest loser today, with a 24-hour dip of nearly 21 per cent.
$BTC
Crypto prices show bullish momentum today, with Bitcoin (BTC) steady in the $93K to $96K range. Binance Coin (BNB) soared 15%, setting a new all-time high. Tron (TRX) surged 70%, earning a spot in the top 10 cryptocurrencies. Reserve Rights (RSR) led gains with an impressive 121% rally.
The global crypto market cap rose by approximately 1%, now at $3.54 trillion. Trading volume also saw a boost, climbing to $292 billion.
Crypto prices show bullish momentum today, with Bitcoin (BTC) steady in the $93K to $96K range. Binance Coin (BNB) soared 15%, setting a new all-time high. Tron (TRX) surged 70%, earning a spot in the top 10 cryptocurrencies. Reserve Rights (RSR) led gains with an impressive 121% rally.
The global crypto market cap rose by approximately 1%, now at $3.54 trillion. Trading volume also saw a boost, climbing to $292 billion.
$BTC
Bitcoin price is trying hard to surpass the barriers placed ahead of reaching $100K, but the bulls fall weak after reaching a certain range, which appears to have become more rigid. Therefore, the bulls are expected to become more powerful in the coming days; however, after achieving $100,000, the bulls and bears are expected to fight for dominance.
Bitcoin price is trying hard to surpass the barriers placed ahead of reaching $100K, but the bulls fall weak after reaching a certain range, which appears to have become more rigid. Therefore, the bulls are expected to become more powerful in the coming days; however, after achieving $100,000, the bulls and bears are expected to fight for dominance.
Binance South Asia
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Follow Us and Win Your Share of $4,000 in BNB Token Vouchers!
We are thrilled to welcome South Asian users to Binance Square! To celebrate, we're giving away $4,000 in BNB token vouchers. Follow “Binance South Asia” account and share the announcement post to get your share of the prize pool!
Campaign Period: 2024-09-04 00:00 to 2024-09-18 23:59 (UTC)
How to Participate:
Follow: Follow the Binance South Asia account on Binance Square – https://www.binance.com/en/square/profile/binance_south_asia Share: Share this announcement post across your other social media platforms.
Eligibility:
This campaign is open exclusively to users who have completed KYC from South Asia (India, Sri Lanka and Bangladesh)
Rewards:
All eligible participants will share a $4,000 in BNB reward pool, with rewards capped at $1 per participant.
Follow Binance South Asia on Binance Square to stay updated on all our exciting campaigns and announcements!
Terms and Conditions:
The campaign is open only to users with KYC from South Asia (India, Sri Lanka and Bangladesh)Rewards are capped at $1 per participant.The BNB token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.
Campaign Period: 2024-09-04 00:00 to 2024-09-18 23:59 (UTC)
How to Participate:
Follow: Follow the Binance South Asia account on Binance Square – https://www.binance.com/en/square/profile/binance_south_asia Share: Share this announcement post across your other social media platforms.
Eligibility:
This campaign is open exclusively to users who have completed KYC from South Asia (India, Sri Lanka and Bangladesh)
Rewards:
All eligible participants will share a $4,000 in BNB reward pool, with rewards capped at $1 per participant.
Follow Binance South Asia on Binance Square to stay updated on all our exciting campaigns and announcements!
Terms and Conditions:
The campaign is open only to users with KYC from South Asia (India, Sri Lanka and Bangladesh)Rewards are capped at $1 per participant.The BNB token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up and you may not get back the amount invested. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.
$SUI SUI, a token backed by Mysten Labs, curated a tidal wave of speculations across the broader crypto market on Monday as the token’s on-chain data showcased a monumental achievement, surpassing Bitcoin in TVL. As per on-chain insights unveiled by a DeFi protocol tracking platform, Sui now ranks 13th among all the chains globally. This appears to have sparked immense market optimism for the decentralized blockchain’s native token, also mirrored by its price jump today.
Meanwhile, Bitcoin’s TVL post-approval appears to be on a gradual decline, coinciding with the recent dramatic drop in its price. In addition, the token’s TVL also notes a marginal fall, aligning with the token’s market plunge.#TradeNTell
Meanwhile, Bitcoin’s TVL post-approval appears to be on a gradual decline, coinciding with the recent dramatic drop in its price. In addition, the token’s TVL also notes a marginal fall, aligning with the token’s market plunge.#TradeNTell