The Rise of Animal-Inspired Cryptocurrencies
Over the last decade, internet memes have found a firm
PNUT Hit $1 Billion Market Cap in 11 days, 135X Faster Than DOGE How Fast Can Animal Memecoins Reach $1 Billion? Peanut the Squirrel (PNUT): 11 days. Inspired by its playful and quirky mascot "Peanut the Squirrel,", which is depicted as a squirrel wearing a cowboy hat, PNUT is a memecoin built on the Solana blockchain. PNUT was, in fact, built upon the tragic backstory of Peanut, a real-life squirrel who was allegedly taken from his caretaker, Mark Longo, by New York’s Department of Environmenta
Bitcoin briefly dipped below the $100,000 mark following hawkish comments from the US Federal Reserve, sparking concerns of a potential bearish trend. While bitcoin continues to flirt with the $100k, a bearish pattern has started to emerge, adding fear for investors.
Despite quickly reclaiming the key psychological level, pseudonymous trader Rekt Capital highlighted the development of a “bearish engulfing” candlestick formation on the weekly timeframe.
rekt capital on bitcoin Source: X This pattern, if confirmed by the week’s end, could signal further downside for Bitcoin. Rekt Capital cautioned that while the pattern is developing, it’s not yet fully confirmed, leaving room for potential changes in market sentiment.
The dip below $100,000, which occurred between 2 and 3 am UTC on December 19th, saw Bitcoin briefly touch a low of $99,047 according to CoinMarketCap. This coincided with a broader market sell-off triggered by the Federal Reserve’s announcement of a 25 basis point rate cut and signals of fewer rate cuts than previously anticipated in 2025.
Despite the bearish technical indicator and the market reaction to the Fed’s announcements, some analysts remain unperturbed. The US spot Bitcoin ETFs is also more popular than ever, as it has made a streak of 15 days inflows since Bitcoin hit the $100,000 price mark.
Some argue that such pullbacks are normal for Bitcoin, citing multiple similar corrections since October. Others suggest that reacting to short-term news from central banks demonstrates a lack of understanding of Bitcoin’s fundamental value proposition.
This fluctuation follows Bitcoin’s recent surge past $100,000 earlier in December. Analysts have attributed that surge to several factors.
Rekt Capital noted that the current market conditions align with historical trends during price discovery phases, which often see corrections around the seventh and eighth weeks. While some may view the recent drop as a “flash crash,” Rekt suggests the correction could persist for another week or more.#BinanceAlphaAlert $BTC
Will bitcoin crash? Chart shows bearish patternBitcoin briefly dipped below the $100,000 mark following hawkish comments from the US Federal Reserve, sparking concerns of a potential bearish trend. While bitcoin continues to flirt with the $100k, a bearish pattern has started to emerge, adding fear for investors.
Despite quickly reclaiming the key psychological level, pseudonymous trader Rekt Capital highlighted the development of a “bearish engulfing” candlestick formation on the weekly timeframe.
rekt capital on bitcoin Source: X This pattern, if confirmed by the week’s end, could signal further downside for Bitcoin. Rekt Capital cautioned that while the pattern is developing, it’s not yet fully confirmed, leaving room for potential changes in market sentiment.
The dip below $100,000, which occurred between 2 and 3 am UTC on December 19th, saw Bitcoin briefly touch a low of $99,047 according to CoinMarketCap. This coincided with a broader market sell-off triggered by the Federal Reserve’s announcement of a 25 basis point rate cut and signals of fewer rate cuts than previously anticipated in 2025.
Despite the bearish technical indicator and the market reaction to the Fed’s announcements, some analysts remain unperturbed. The US spot Bitcoin ETFs is also more popular than ever, as it has made a streak of 15 days inflows since Bitcoin hit the $100,000 price mark.
Some argue that such pullbacks are normal for Bitcoin, citing multiple similar corrections since October. Others suggest that reacting to short-term news from central banks demonstrates a lack of understanding of Bitcoin’s fundamental value proposition.
This fluctuation follows Bitcoin’s recent surge past $100,000 earlier in December. Analysts have attributed that surge to several factors.
Rekt Capital noted that the current market conditions align with historical trends during price discovery phases, which often see corrections around the seventh and eighth weeks. While some may view the recent drop as a “flash crash,” Rekt suggests the correction could persist for another week
Small Bitcoin Holders Surge 21.9% to 323K, Reflecting Rising Confidence in $BTC Bitcoin
people buying it and adopting the currency regardless of the prices as they surge.
Increase in Bitcoin Shrimps Signals Growing Trust in Bitcoin as Store of Value Surprisingly, this behavior indicates that small investors are not concerned with the current price of the shares. As such, they still have every reason to continue holding Bitcoin regardless of its high-volatile nature. This is a good sign for the cryptocurrency market especially for Bitcoin because it has attracted many big and small investors.
Additionally, the increase in the ‘shrimp’ addresses might indicate an interest in Bitcoin as an actual store of value. Where institutional investors and larger entities are buying the asset, smaller holders are doing the same, making the Bitcoin ecosystem stronger.
Finally, the fact that there are more Bitcoin address containing less than 1 BTC now is a positive indicator for Bitcoin. As per analyst, such a trend proves that Bitcoin is still backed by small investors who are expected to drive the market forward in the futur