Cardano (ADA), the ninth largest cryptocurrency by market cap, has been capturing attention recently with its price movements. According to Ali, a crypto analyst, Cardano is following a pattern that is eerily similar to its prior cycle.

Ali pointed out that back in 2020, the first major correction after the bull rally began happened at the very same time as the correction we are experiencing today, predicting a price target of $6 if this historical pattern repeats.

#Cardano $ADA is following a

According to on-chain data, Ripple has transferred a significant amount of XRP to unknown wallets, attracting interest from the cryptocurrency community. According to blockchain data tracker Whale Alert, Ripple shifted a total of 90 million XRP in two separate transactions within the last 24 hours.

🚨 🚨 🚨 🚨 🚨 50,000,000 #XRP (111,697,462 USD) transferred from #Ripple to unknown wallethttps://t.co/nWwkUGOhWA

— Whale Alert (@whale_alert) December 21, 2024

The first transaction involved the

After a huge surge of almost 500% in recent weeks, the price of XRP, currently the third largest cryptocurrency, seems to be finding its local ceiling. While in line with the performance of the broader cryptocurrency market, there's a possibility thatXRP may not stop correcting there and eventually find a stop to the recent downward movement much lower than the current level of $2.26.

In particular, a hint of such a development was provided by the Bollinger Bands. A popular indicator developed

The popular meme-inspired cryptocurrencyShiba Inu (SHIB) is not having the best of times, or rather we are talking about its price. As a result of various shakeouts, shakeouts and huge liquidations in recent weeks, the price of SHIB has landed at $0.000022.

This is an important price support for the Shiba Inu token and is generally a point of interest for traders and investors. However, this level is even more interesting from an on-chain "behind the scenes" perspective.

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According to dat

Sellers are back in the game on the last day of the week, according to CoinStats.

XRP/USD

Unlike other coins, XRP remains in the green zone, going up by 0.64% over the last day.

On the hourly chart, the rate of XRP is far from the local support and resistance levels. If buyers lose the interim mark of $2.24, the correction may continue to the $2.20 area by tomorrow.

On the bigger time frame, neither buyers nor sellers have accumulated enough energy for a sharp move. Such a statement is also

Bulls could not hold the gained initiative until the end of the week, according to CoinMarketCap.

BTC/USD

The rate of Bitcoin (BTC) has declined by 0.54% since yesterday. Over the last week, the price has fallen by 5.84%.

On the hourly chart, the price of BTC is near the local resistance level of $97,248. If a breakout happens, the growth may continue to the $98,000 area tomorrow.

On the bigger time frame, neither side is dominating. The rate of the main crypto is far from the key levels, wh

The calm of Sunday morning was shattered today by a sudden massiveBitcoin (BTC) shift. According to a report byWhales Alert, 8,427 BTC, equivalent to $818.69 million, were shifted between two unknown wallets.

If the recipient's wallet under the address "bc1q5x" is indeed unknown and has never been used, the sender's wallet has some links that may reveal the real owner behind it. As Arkham Intelligence's data shows, the address "bc1qe9" has previous ties to alleged Fortress Trust — a major custo

The future ofDogecoin (DOGE) is up in the air as 2025 draws near, and even its creator,Billy Markus, also known as Shibetoshi Nakamoto, has not offered any solid clues. When a follower asked him about the potential peak of DOGE by the end of December, Markus responded with a characteristically nonchalant "no idea" GIF, reflecting the unpredictability surrounding the cryptocurrency.

This sentiment echoes the current market mood, as Dogecoin's price trajectory remains highly volatile. It started

Shiba Inu has erased almost all of the gains made during the market recovery a month ago by retracing to pre-pump levels. There are concerns regarding the asset's condition and the actions of important market players in light of this steep drop. The decline in price indicates a loss of momentum as SHIB drops below important support levels; it is presently trading at about $0.00002217.

This retracement shows that the asset is open to additional declines as the bullish push from late November has

Blockstream CEO Adam Back isconvinced that MicroStrategy (MSTR) is still "stupidly cheap."

This is despite the fact that the stock is up a whopping 488% on a year-to-date basis.

Back is certain that those shorting the MicroStrategy (MSTR) stock will fail because he believes that the stock is still undervalued relative to its Bitcoin holdings.

He further opined that buying the MSTR stock is a low-risk opportunity compared to more sophisticated financial products. For instance, 2x ETFs, which a

Recently there has been a lot of selling pressure on Solana, which has caused it to lose ground near important support levels. A sharp decline in the asset's price performance is evident, and the general mood of the market points to a capital flight as investors search for the next profitable opportunity.

The idea of active capital rotation provides a convincing justification for Solana's difficulties on the market. As focus and funding move to more recent trendy projects, this pattern — which

The on-chain metrics support the recent poor price performance of XRP. XRP Ledger has seen a sharp decline in the quantity of new accounts being created, according to data. In contrast to the peak activity earlier in the year when over 30,000 new accounts were activated in a single day, only 1,756 new accounts were activated Dec. 22, 2024.

This steep drop shows that XRP is not drawing in new investors, which could be bad for its expansion. The quantity of transactions that are carried out on th

CryptoQuant CEO Ki Young Ju has warned cryptocurrency holdersagainst using Windows and Android if they are not tech-savvy enough.

In such a way, it would be possible to protect their cryptocurrency assets from being hacked.

Using a Macbook or an iPhone would dramatically reduce the possibility of one's wallet being hacked.

Apple's MacOS is generally considered to offer superior security since it is built on Unix, meaning that files are not executable by default. This OS also boasts strong app

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen its price drop from recent highs. Shiba Inu fell significantly in the past week amid broader caution in risk assets. Following a four-day drop, Shiba Inu rebounded from lows of $0.0000185 in Friday's session, extending the recovery to highs of $0.000024 in Saturday's session. The rebound met resistance at this key level, and it began to lose strength.

The majority of crypto assets are currently trading in the red, as Bitcoin dipped in the earl

Financial commentator Peter Schiff has suggested the idea of creating a government-backed Bitcoin copy called "USA Coin."

Schiff, a well-known cryptocurrency critic, has pitched this as an alternative to creating a strategic Bitcoin reserve.

The gold bug argues that the U.S. government could potentially save a lot of money by opting for its own cryptocurrency instead of investing in Bitcoin.

The 61-year-old pundit proposed capping the maximum supply of USA Coin at 21 million. "So USAcoin will

Data shared by the prominent Shibburn wallet tracker reveals a massive jump in the SHIB burn rate over the last 24 hours. Millions of meme coins have been removed from the circulating supply.

As for the weekly burns, over the last seven days, the community has managed to burn more than a hundred million coins.

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Burn rate jumps by 650%

The aforementioned data source spread the word about a massive burn rate surge over the last 24 hours. This key metric spiked by more than 630% overnight.

Agglayer, a hotly-anticipated upcoming modular cross-blockchain ecosystem, hit a major testing milestone. In the newly-launched testnet v0.2, it is set to leverage the first-ever implementation of pessimistic proofs to establish a connection between heterogeneous blockchains.

Agglayer kicks off in enhanced testnet, mainnet expected in early 2025

Agglayer, a decentralized cross-network connectivity protocol developed by the Polygon (POL) ecosystem, will debut in mainnet in early 2025. The offic

Dog-themed cryptocurrency Shiba Inu (SHIB) rebounded sharply in Friday's trading session after four days of losses, bouncing off a key support level. Shiba Inu rebounded upon reaching $0.0000185, a level near the daily 200-day Simple Moving Average (SMA), as traders rushed to buy the dip.

The rebound highlights the importance of the $0.0000185 level, which appears to have acted as a springboard for the recent rally. This area has proven significant as a point where buyers stepped in to defend S

Unique spot Bitcoin and Carbon Credits Futures ETF S-1 proposal was submitted to U.S. SEC by fintech heavyweight Nexo. Nate Geraci, a top crypto ETFs expert, is optimistic about its prospects.

Spot Bitcoin ETF, ESG edition, is close to approval, Nate Geraci says

Nexo 7RCC, the first-ever exchange-traded fund based on spot Bitcoin and Carbon Credit Futures, might be soon approved by the SEC. Its potential issuer just submitted an S-1 form to the U.S. watchdog, The ETF Store's Nate Geraci shared

XRP’s Open Interest (OI) has recorded impressive figures within the last hour, reaching $1.96 billion. Data available from CoinGlass reveals that Binance leads other crypto exchanges with a notable $834.67 million in Open Interest. This represents 42.62% of the cumulative XRP OI.

Implications of Open Interest spike

Bitget has 27.23% of the Open Interest with $533.26 million. Together with Binance, these two exchanges account for approximately 70% of the total Open Interest. However, Binance st