🪙 TTheo Peter Brandt, Bitcoin has the potential for a strong breakout based on the BHLD model
✅ Bitcoin (BTC) is still facing challenges in maintaining a sideways trend, which has prevented this cryptocurrency from regaining the important support level of 100,000 USD.
🚀 Future Strategy for Bitcoin
✅ The situation is still evolving complexly, and investors need to be cautious before making investment decisions. They should monitor technical indicators and market information to better understand the next direction of Bitcoin in the future.
✅ Peter Brandt, a well-known analyst in the financial field, pointed out that Bitcoin is exhibiting a familiar pattern from 2018, before this coin entered a phase of strong increase. This pattern, known as BHLD (Bump, Lump, Hump, Dump), currently has another variant called Hump-Slump-Pump-Dump. This model seems to fit with the current trend of Bitcoin and may indicate the upcoming direction of this coin.
✅ An important factor in Bitcoin's momentum is the Fear and Greed Index, which is showing a shift from the 'extreme greed' phase to a level of greed that is no longer too high. Historically, we see that Bitcoin often goes through strong corrections when this index is in an extreme greed state, making the current change a fairly positive signal for the potential stability of BTC prices. 👉👉 See details at Crypto Tribe #toccrypto
🪙 The Future of Decentralized Finance (DeFi) in the Context of New IRS Regulations
✅ Recent regulations from the Internal Revenue Service (IRS) regarding front-end transactions in the decentralized finance (DeFi) sector have sparked significant controversy within the crypto community. Accordingly, DeFi applications will be classified as brokerages if they engage in these transactions. This regulation has attracted particular attention from industry experts, including Alex Thorn, head of research at Galaxy Digital, who outlined three viable options for DeFi applications if these regulations persist.
🚀 Three Options for DeFi
✅ Comply with IRS regulations: DeFi applications may choose to adopt IRS reporting requirements, becoming officially recognized brokerages. This could lead to the need for them to develop complex compliance and reporting mechanisms, which would not only increase operational costs but could also diminish the appeal of DeFi products to users.
✅ Block users from the United States: Another option is for DeFi services to seek to prevent users from the U.S. from accessing their platforms. Although this is a temporary solution, it may harm growth opportunities and potential development in a large market like the U.S.
✅ Abandon upgrades and revenue generation: DeFi may decide not to implement smart contract upgrades or cease developing revenue-generating forms.
Bitcoin price drops $20,000 due to the decline in global money supply
✅ Over the past two months, global liquidity has significantly decreased, with the Global M2 index – a measure of the total amount of money in circulation worldwide – falling by $4.1 trillion, from $108.5 trillion to $104.4 trillion. This is the lowest level since August 2024. ✅ Global liquidity sharply decreased over the past two months This decline not only reflects the impact of macroeconomic policies but also signals significant challenges for global financial and economic markets.
Altcoin market capitalization lost over $400 billion in two weeks, what does the future hold for the Altcoin season?
In the past two weeks, the altcoin market has witnessed significant volatility as overall market capitalization plummeted severely, losing over $400 billion. Altcoin market capitalization has dropped to the support zone and is showing a strong recovery reaction However, after reaching a crucial support zone, altcoin market capitalization has shown a clear recovery reaction, providing positive signals for investors. Below is a detailed analysis of the trends, reasons, and outlook for the market during this period.
✅ 1. Billionaire Elon Musk has more money than Jeff Bezos and Mark Zuckerberg combined: According to the latest statistics, Elon Musk's wealth has surpassed the total wealth of Jeff Bezos and Mark Zuckerberg, solidifying his position as the richest person in the world. ✅ 2. The Fed cuts interest rates by 0.25%, expected to cut two more times in 2025: The Federal Reserve has reduced interest rates by an additional 0.25% and signaled that it will be cautious in further rate cuts next year.
Forecast for Ethereum price will continue to grow and maintain a positive trend until 2025
🪙 Forecast for Ethereum price will continue to grow and maintain a positive trend until 2025 ✅ The Ethereum (ETH) price surge seems to still be in a positive phase, and many signs indicate that this trend has not ended. 🚀 The Ethereum price surge is not over yet Here are the supporting factors for this assessment: ✅ 1. Positive On-Chain data Exchange supply decrease: The amount of ETH on centralized exchanges (CEX) continues to decline, indicating that investors are opting for long-term storage rather than selling.
Kraken officially launches Layer 2 Blockchain Ink on mainnet
✅ Today, the Layer 2 blockchain solution called Ink developed by Kraken has officially been deployed on the mainnet. This event marks an important milestone in the blockchain field, occurring earlier than the initially planned time, thanks to strong interest from the cryptocurrency user community. 🚀 The Importance of Ink and Its Relationship with Optimism ✅ Ink operates on the Optimism platform, one of the popular scaling solutions for Ethereum. The collaboration between Ink and Optimism is seen as a strategic handshake in the context of the increasing demand for scalability features. According to a press release from Kraken today, the launch of Ink has been accelerated due to the recording of millions of transactions on the testnet and the number of actively working wallets, indicating a strong attraction to this project.
List of Potential Tokens Not Yet Listed on Binance
✅ In the context of the highly volatile cryptocurrency market, investing in potential tokens that have not yet been listed on the Binance exchange has become a topic attracting many investors, especially those with limited capital. Binance, renowned as one of the largest exchanges in the world, often brings a strong appeal to tokens that have just been listed, causing their values to skyrocket in a short period. As a result, correctly predicting which tokens will be listed on Binance becomes an exciting game.
Investors are actively seeking DEX tokens after VELODROME officially lists on Binance.
✅ The official listing of Velodrome (VELO) on Binance has garnered significant attention from the investment community, especially in the field of decentralized exchange (DEX) tokens. This is a sign that Binance is expanding its support for projects related to DeFi and DEX, a trend that is expected to grow strongly in the near future. 🚀 Investors are 'ambushing' DEX tokens that are likely to be listed on Binance similar to VELODROME.
The SEI ecosystem has recorded many optimistic signals in December
🪙 The SEI ecosystem has recorded many optimistic signals in December ✅ With ecosystem expansion, growing cash flows, and strategic partnerships, SEI is entering a phase of strong development. These signals not only indicate the platform's maturity but also affirm SEI's competitive potential in the blockchain field. If the growth momentum is maintained, SEI could become one of the prominent ecosystems in the near future.
The trend of shifting from CEX to DEX is increasing significantly towards the end of 2024
✅ In the context of the cryptocurrency market undergoing significant changes, liquidity on decentralized exchanges (DEX) is showing a strong upward trend as we approach the end of 2024. According to numerous studies and current data, the trend of traders shifting from centralized exchanges (CEX) to DEX is becoming increasingly clear and robust, especially in December. ✅ Below are a few highlights from the BeInCrypto report, demonstrating this shifting trend.
SOL Market Analysis: Growth Trend or Just Temporary?
✅ Investors in Solana (SOL) are showing strong confidence in the coin's ability to recover, despite the significant recent price drop. According to market data, following a strong liquidation phase, the ratio of Long positions (predicting price increases) currently outweighs Short positions (predicting price decreases). This indicates that many investors believe this downward trend is merely a temporary phenomenon and will quickly recover.
🪙 Microsoft Rejects Investment Proposal in Bitcoin
✅ Microsoft, one of the leading global technology corporations, recently conducted an important vote to discuss the proposal for investing in Bitcoin, an idea presented by Michael Saylor, CEO of MicroStrategy. However, the results of the vote showed strong dissent from Microsoft shareholders. The majority of shareholders expressed their opposition to entering the cryptocurrency market, indicating their caution regarding the potential risks arising from this asset.
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🪙 Impressive Growth of Ethereum's Total Value Locked (TVL) Surpasses Competitors
✅ In the past week, for the first time in history, Ethereum (ETH) has recorded significant growth with Total Value Locked (TVL) rising to $7.79 billion, marking it as the blockchain with the strongest TVL increase during this period. This rise coincides with a temporary recovery of ETH's price to $4,000, reflecting a return of investor confidence in the potential of this cryptocurrency.
🚀 Growth of Ethereum
✅ According to the latest data, Ethereum's TVL has increased to $77.15 billion, just under $70 billion at the beginning of December 2024. TVL is one of the key indicators in the cryptocurrency ecosystem, especially in the decentralized finance (DeFi) sector.
✅ The increase in TVL is a positive sign showing that more users are participating in systems built on the Ethereum platform. This not only reflects trust in the features and security of the protocols but also indicates the development of the entire DeFi ecosystem. A high TVL means a more vibrant financial environment, while a decline in this metric may suggest a lack of liquidity.
🚀 Confidence in Ethereum Soars
✅ The Ethereum market is witnessing a significant increase in total value locked (TVL), a metric reflecting the level of acceptance and user participation in this ecosystem. The growth in TVL not only demonstrates Ethereum's appeal as a smart contract platform but also creates a sense of reassurance for investors regarding their asset holdings.
🪙Bitcoin Price Prediction: Continuous Growth Until April 2025
✅ Bitcoin (BTC), the largest cryptocurrency in the world, has set a new historical milestone as its price first surpassed the 100,000 USD mark on December 5.
✅ Since then, the price of BTC has experienced a pullback and is currently trading below this level. Despite the short-term correction, many analysts and experts in the cryptocurrency field predict that the price of bitcoin in this bull run will not stop and will continue at least until April 2025.
🚀 On-Chain Data Analysis
✅ To assess Bitcoin's growth potential in the near future, we need to consider some important on-chain indicators. One of the notable metrics is Net Unrealized Profit/Loss (NUPL), which plays a significant role in reflecting the health of the cryptocurrency market.
✅ NUPL measures the difference between unrealized profits and unrealized losses of Bitcoin investors. When NUPL is in the positive zone, it indicates that market sentiment is optimistic and the upward momentum may continue. Conversely, if this metric shifts to the negative zone, it may pose risks regarding Bitcoin's potential price decline.
✅ Monitoring NUPL along with other indicators, such as trading volume and wallet activity levels, will provide us with a broader perspective on Bitcoin's price direction. If NUPL continues to reflect stability and growth in unrealized profits, the possibility of Bitcoin's price reaching higher levels in the future is feasible.
🪙 Positive signals from Chainlink (LINK) indicate upcoming growth
✅ Over the past week, Chainlink (LINK) has recorded an impressive growth of up to 36.55%, pushing the value of this token to its highest since January 2022.
✅ However, the picture of Chainlink holds even more interesting aspects. Current analyses show that LINK has the potential to continue its growth trajectory in the coming weeks based on multiple favorable indicators and data.
🚀 Market sentiment: Positive or negative?
✅ The recent price increase of Chainlink has pushed its price to around $25, a significant achievement due to high buying power, especially from large investors known as "whales" in the cryptocurrency space.
✅ The Weighted Sentiment index, a measure of market sentiment towards a cryptocurrency, is currently negative for Chainlink.
🚀 Market sentiment: Positive or negative?
✅ The recent price increase of Chainlink has pushed its price to around $25, a significant achievement due to high buying power, especially from large investors known as "whales" in the cryptocurrency space.
✅ However, data from Santiment indicates that retail investors have not strongly participated in this process. This may suggest that LINK still has a lot of untapped potential in the future.
✅ The Weighted Sentiment index, a measure of market sentiment towards a cryptocurrency, is currently negative for Chainlink.
🪙 Pavel Durov Founder of Telegram, First Interrogated in Paris Court
✅ On December 6, Pavel Durov, the founder of the famous messaging app Telegram, was interrogated for the first time in a court in Paris, France. This interrogation took place in the context of a legal investigation related to allegations that the app founded by Durov facilitated criminal activities.
🚀 Details About Pavel Durov's Interrogation
✅ Pavel Durov appeared in the Paris court at 4 PM Vietnam time, along with his two lawyers, David-Olivier Kaminski and Christophe Ingrain. According to information from Agence France-Presse (AFP), the interrogation mainly focused on allegations that Telegram has been used to conduct illegal transactions.
🚀 Legal Context
✅ Telegram founder Pavel Durov underwent his first interrogation at the Paris Court after being detained. Durov was released after posting a bail amounting to $6 million; however, he is still subject to restrictions on leaving French territory until March 2025. Prosecutors in France have made serious allegations against Durov, claiming that he has operated the Telegram platform, where they allege, many illegal activities have taken place.
The cryptocurrency market has seen unpredictable developments recently, especially as Bitcoin (BTC) has for the first time in history surpassed the price threshold of 100,000 USD. This event not only impacts investors but also attracts attention from various media outlets and financial experts. Notably in this context is the fact that Mt. Gox, one of the largest Bitcoin exchanges ever to exist, has carried out a significant transfer of 24,052 BTC, equivalent to approximately 2.43 billion USD.
🚀 Historical Transaction of Mt. Gox
On Wednesday evening, Mt. Gox transferred a large amount of Bitcoin into a new wallet – the address has not been officially disclosed. A portion of this transaction has also been sent to an internal cold wallet, indicating that Mt. Gox is still actively managing its remaining assets. This large transaction has attracted the interest of the market and analysts, particularly as it occurs at a time when Bitcoin is achieving a new record value.
During the transfer, Mt. Gox moved 24,052 BTC from the cold wallet storage of the exchange to a new address, suggesting a significant shock could occur in the market. However, it is still unclear whether this transfer activity is part of a repayment plan for creditors. The cryptocurrency data analysis system Spotonchain has indicated that the remaining amount of Bitcoin that Mt. Gox is holding is approximately 15,826 BTC, worth nearly 1.63 billion USD, spread across 31 confirmed wallet addresses.