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TonmoyBD99
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$BTC 收盤於 97,000
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$BTC United States spot Bitcoin exchange-traded funds racked up a staggering $35.66 billion in net inflows in 2024 — far exceeding early industry estimates, while the spot Ether ETFs finished strong, seeing net inflows of $349.3 million in the last four trading days to reach $2.68 billion since launch. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the pack with $37.31 billion in net inflows, while the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) rounded out the top three with $11.84 billion and $2.49 billion, followed by Bitwise Bitcoin ETF (BITB) $2.19 billion, according to Farside Investors. These net inflows smashed an earlier $14 billion first-year estimate from Galaxy Digital’s research head Alex Thorn. However, the spot Bitcoin ETFs didn’t finish too strong toward the year’s end, seeing a combined $1.33 billion in outflows since Dec. 19. Five of the last six trading days were net outflows, with IBIT seeing its largest outflow of $188.7 million on Dec. 24 #BitwiseBitcoinETF
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$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 $0.000023, up by 0.12%, per CoinMarketCap. #XmasCryptoMiracles
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$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 $3.55. A withdrawal would set the Programmatic Sales of XRP ruling as a crucial legal precedent and pave the way to an XRP-spot ETF market. In July 2023, Judge Analisa Torres ruled that programmatic sales of XRP did not satisfy the third prong of the Howey Test. This precedent could end the SEC’s legal cases against crypto firms supporting secondary crypto sales #ReboundRally
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$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 $1. #ChristmasMarketAnalysis #MarketRebound
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$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
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