XRP has faced a steep correction over the past few days, plunging more than 23% since Tuesday amid heightened market volatility. Despite this sharp downturn, XRP has shown resilience, bouncing back with a notable 20% recovery since yesterday. This quick rebound has reignited discussions about XRP’s long-term prospects, even as short-term sentiment remains shaky. Related Reading: Bitcoin Realized Losses Spike 3 Times The Weekly Average – Healthy Correction Or Downturn? According to data shared by prominent crypto analyst Ali Martinez, whales have accumulated 80 million XRP since the correction began on December 17. This surge in whale activity suggests a growing confidence among large investors, who appear to be seizing the opportunity to buy XRP at lower prices. Such accumulation often signals a long-term bullish outlook, even as the broader market navigates periods of uncertainty. While XRP’s recovery is encouraging, it comes amid a backdrop of negative sentiment and price instability. The coming days will likely prove crucial in determining whether XRP can maintain its upward momentum or if further consolidation is on the horizon. For now, whale activity offers a glimmer of optimism, hinting at sustained interest in the asset despite recent setbacks. XRP Whales Loading Up XRP is currently trading 22% below its multi-year high of $2.90, following a period of heightened market volatility. Despite the recent turbulence, XRP has maintained its footing above the $1.90 low—a critical support level that serves as the bulls’ last line of defense. Holding this level is essential for preserving the broader bullish structure and preventing a deeper correction. Recent data from Santiment, shared by crypto analyst Ali Martinez, highlights a significant development: whales have purchased 80 million XRP since the correction began on December 17. This accumulation by large investors suggests growing confidence in XRP’s long-term potential despite the short-term price decline. Historically, whale activity has often preceded significant price movements, as these investors typically have access to better market insights. If XRP can sustain its position above $2 and begin to push through crucial supply zones, a rapid recovery could follow. Overcoming these resistance levels would likely pave the way for renewed bullish momentum, with the potential to retest multi-year highs. Related Reading: Solana Holds Monthly Support As Network Activity Grows – Time For A Breakout? While challenges remain, such as prevailing market uncertainty and cautious sentiment, the combination of strong support and significant whale accumulation offers an optimistic outlook for XRP in the weeks ahead. Holding current levels could signal the start of a new upward trajectory. Testing Liquidity Above $2 XRP is trading at $2.35, marking a strong recovery from its recent dip to $1.95. This rebound underscores the resilience of XRP’s price action, as it continues to hold above key support levels. The $1.95 low has proven to be a pivotal point for bulls, and maintaining this momentum could signal further gains in the coming days. However, for the rally to gain credibility, XRP must reclaim the $2.60 mark. This level serves as a critical resistance point and a confirmation zone for bullish sentiment. Breaking above $2.60 would likely attract more buying interest, propelling XRP toward retesting multi-year highs. On the flip side, a loss of the $2 support level would shift the narrative. Such a move would expose XRP to further downside risks, potentially leading to a deeper correction. Market sentiment remains cautious, and a break below $2 could result in accelerated selling pressure. Related Reading: Bitcoin Data Reveals No Significant Panic Selling In The Market – Shakeout Or Trend Shift? For now, XRP’s outlook hinges on its ability to navigate between these crucial levels. Bulls will need to push the price above $2.60 to validate the rally, while bears will aim to drag it below $2 to seize control. The next few sessions will be critical in defining XRP’s short-term trend. Featured image from Dall-E, chart from TradingView
Hyperliquid has reached a milestone with $11.5 billion in trading volume and $1.32 billion in liquidation volume. This surge is by a massive airdrop of 310 million HYPE tokens, increasing liquidity and interest. Despite the success, risks such as price instability and liquidity challenges remain. The platform’s unique Dutch auction system adds both excitement and uncertainty. Hyperliquid, has achieved a milestone by reaching a $11.5 billion trading volume and liquidation volume reaching $1.32 billion, as well as setting new all-time highs. This surge is not only a reflection of Hyperliquid’s growth in the decentralized finance (DeFi) space. So, what is behind this explosive growth, and what are the challenges that come with it? Reason behind the Hyperliquid surge The huge increase in trading volume for Hyperliquid is mainly due to its massive airdrop. The platform gave away 310 million HYPE tokens to over 94,000 users. HYPE, played a major role in this surge, quickly rebounding after a market dip and surpassing $33 to set a new historical peak with the assistance fund currently holding around 11.234 million HYPE tokens, which is worth approximately $356 million. The platform’s assets are worth over $1 billion, and tokens like HYPE have even reached over $33, attracting a lot of attention. As more people have started holding and trading the tokens, the platform has seen a huge rise in liquidity and trading volume. Within days, 270 million HYPE tokens were claimed, worth around 11.5 billion, which surrpassed Uniswap’s 2020 airdrop in size. Some people think the price might drop later as the excitement fades, and Hyperliquid still relies on its own DEX trading to keep prices stable. Tokens like PURR and HFUN have seen huge gains, with some rising by 200%, which makes the platform even more attractive. Hyperliquid stands out from other decentralized exchanges with its unique trading system and low fees. It has $2.62 billion in locked value and a fee model that supports buybacks and ecosystem growth. The platform’s token supply is limited to 270.9 million out of a possible 1 billion, creating scarcity and demand. While Bitcoin and other altcoins saw price drops, HYPE’s price increased. Hyperliquid uses a Dutch auction system, where token prices drop until a buyer is found, thus driving up the token’s value quickly by limiting the number of tokens and using this auction model. Hyperliquid avoids flooding the market with too many low-value tokens, keeping them more exclusive. Auctions for tokens like GOD and HFUN have shown how quickly they can generate high demand. Hyperliquid’s high liquidity, especially for HYPE and other tokens, has been key to its record trading volume. As more tokens are added to the platform, liquidity keeps improving, which is attracting more traders. The liquidity to the market cap ratio of HYPE is 4.8%, which increases trading activity as more assets could join the platform. The other side Even though Hyperliquid has been successful, its approach comes with risks. The limited number of tokens and auctions help prevent oversaturation but can also make prices unstable. New tokens often lack liquidity or market makers, which can cause their prices to freeze. However, as more liquidity comes in, some tokens might suddenly spike in price. The airdrop-driven surge in users could lead to price instability. Once the initial excitement dies down, many users may sell their tokens, causing price drops and volatility. The Dutch auction system also creates unpredictable price discovery. It can lead to overvaluation of tokens, which may experience sharp declines once market sentiment shifts. As more tokens enter the ecosystem, many may lack the liquidity or stability to maintain long-term value, especially as the regulatory landscape for DeFi platforms becomes more uncertain. The increasing cost to secure a ticker, which can reach nearly $1 million, makes it hard for smaller projects to join. This also helps keep out low-value tokens. While this system helps feature valuable tokens, it can also leave some tokens without enough trading activity for a long time, making it risky to trade on the platform. The long-term effects of this approach remain uncertain for now. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Is it too late for bitcoin? Robert Kiyosaki signals urgency, pointing to bitcoin, gold, and silver as the best defense against a looming financial collapse. Too Late to Get Rich With Bitcoin? Kiyosaki Says the Door Is Open—But Not for Long Robert Kiyosaki, the author best known for co-authoring Rich Dad Poor Dad alongside Sharon
Crypto analyst Dima James has again raised the possibility of the Dogecoin price rallying above $10 in this market cycle. The crypto analyst alluded to historical data to show how high DOGE could go in this bull cycle. How High Dogecoin Price Could Go In This Market Cycle In an X post, Dima James shared a chart that showed that the Dogecoin price could reach as high as $80 in this market cycle. The analyst also predicted that the cycle top for Dogecoin could happen sometime between February 11th and May 7th, 2025. The analyst alluded to historical data to explain why he is confident that Dogecoin could reach this target. Related Reading: XRP Price Crash: Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50% Analyzing the daily chart, the crypto analyst explained that year 4 is typically the final year of each cycle, which is when the Dogecoin price has peaked every single time. He highlighted an indicator on the chart that has accurately predicted every single Bitcoin top. The analyst noted that Dogecoin tends to peak three to four weeks after Bitcoin reaches its top. In line with this, the analyst predicts that the cycle top for Dogecoin will happen sometime between February 11th and May 7th. Meanwhile, discussing the four-year cycle more, Dima James noted that the Dogecoin price had an impressive performance in this cycle’s year 3 (2024) compared to the year 3s of the previous cycles (2016 and 2020). He further reaffirmed his prediction that the Dogecoin price will finish this year at $0.31, marking the meme coin’s best year 3 performance to date. Year 4 has historically been the most significant year for Dogecoin, and Dima James expects a similar or even greater result in 2025, with Dogecoin outperforming its previous year 4 cycle performances. The analyst believes this will happen due to increased adoption and technological advancements. DOGE Has Found A Local Bottom In an X post, crypto analyst Trader Tardigrade mentioned that the Dogecoin price may have found a local bottom. The analyst explained that there is a Doji Dragonfly hitting the Fibonacci level of 0.618 on the daily chart. He further noted that DOGE showing price rejection at this level indicates a potential bottom found. Related Reading: Here’s Why The Bitcoin Price Continues To Hold Steady Between $96,000 And $98,000 The crypto analyst recently mentioned that the Dogecoin price was stuck in a range. He predicted that a break above this range could send Dogecoin to the $1 psychological level. In another X post, Trader Tardigrade stated that Dogecoin had entered the Gaussian channel on the daily chart. The crypto analyst added that the Dogecoin price has halted its downtrend at the channel’s mid-band, highlighting the Gaussian Channel’s supportive nature. In line with this, Trader Tardigrade suggested that Dogecoin is ready for a bullish reversal. At the time of writing, the Dogecoin price is trading at around $0.33, up over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin (BTC) approached the $100,000 milestone on Dec. 21, following a dramatic price rebound that delivered significant upside momentum. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD surging by $7,000 in under 24 hours. After dipping near December lows of $92,000 and liquidating leveraged long positions, Bitcoin rallied as the weekend began. It reached $99,500 on Bitstamp, with bulls pushing for six-figure territory despite the absence of institutional trading activity. Coinbase saw a resurgence of buying pressure, reversing earlier sell-side activity. “Coinbase buying a lot since lows,” noted trader Exitpump on X, contrasting the buying volumes on Coinbase with those on Binance. Another trader, Superbro, highlighted that Bitcoin’s 50-day simple moving average (SMA) acted as a robust support level. On shorter timeframes, Superbro observed a potential breakout pattern forming in the shape of an inverse head and shoulders, a bullish indicator for both short- and long-term trends. Meanwhile, trading account Doctor Magic drew attention to Bitcoin’s relative strength index (RSI), describing recent movements as a potential “scam” breakdown. “There is a reason I am obsessed about this RSI scam breakdown that I have been posting for a while now; it happened in every major leg up until the first local top,” he explained, referencing past price correlations. At the time of writing, Bitcoin’s daily RSI stood at 52, maintaining its position above the critical midpoint of 50. During bull markets, Bitcoin’s RSI often remains above the overbought threshold of 70 for extended periods. While Bitcoin’s resurgence neared $100,000, it came too late for U.S. spot Bitcoin exchange-traded fund (ETF) investors. On Dec. 20, ETFs experienced net outflows of nearly $300 million, with the iShares Bitcoin Trust (IBIT) recording its largest single-day outflow of $72.7 million.
New data from market intelligence firm Santiment reveals one altcoin that has seen massive gains this year is rife with whale activity. In a new thread on the social media platform X, Santiment says that among altcoins with at least a $500 million market cap, tokenized artificial intelligence (AI) project Virtuals ( VIRTUAL ) – an asset that’s up a staggering 20,000% year-to-date – is one of the leaders in terms of whale activity. Santiment also says high-net-worth investors are making moves to accumulate 10 digital assets including VIRTUAL during the latest crypto market crash. “Despite sizable crypto corrections this week, several altcoins are making very large whale transfers that are indicative of potential dip buys.” Other notable altcoins on the list include stablecoin issuer Usual ( USUAL ) and its stablecoin Usual USD ( USD0 ), decentralized betting platform Gnosis ( GNO ), decentralized finance (DeFi) project Aave ( AAVE ), as well as meme asset Floki ( FLOKI ). VIRTUAL is trading for $2.74 at time of writing, a nearly 20% gain on the day. On December 16th, it peaked at $3.34 while a year ago, it was moving for around $0.013. Moving on to the top crypto asset by market cap, Santiment says that Bitcoin’s ( BTC ) latest drop to under $100,000 has caused a “buy the dip” mentality among investors. “With Bitcoin falling as low as $95,500 today, the ratio of crypto discussions that are about buying crypto’s dip has reached its highest level in over eight months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since that time, Bitcoin’s market cap is +81% higher.” Source: Santiment/X Bitcoin is trading for $97,006 at time of writing, a fractional decrease during the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/wacomka/Andy Chipus The post Altcoin That’s Up 20,000%+ Year-to-Date and Nine Others Are Seeing ‘Very Large Whale Transfers’: Santiment appeared first on The Daily Hodl .
Trust Wallet users were shocked by the sudden disappearance of money in their accounts, prompting them to raise the matter on X. Some feared that wallets may have been breached, as hackers always target crypto wallets. Responding to the X post , some users highlighted that the problem was beyond balances, as buying and selling nodes had issues. However, some were relieved and grateful for the reassurance of their funds and their efforts to restore the wallet’s operations. Crypto hackers stole up to $2.2 billion in 2024 Although the Trust Wallet issue was merely a glitch, it caused widespread panic among community members, who feared their wallets had been drained. Their concerns were valid, given the high frequency of security breaches in the crypto space. Chainalysis reports that crypto thieves stole a staggering $2.2 billion worth of cryptocurrency in 2024. Most of the crypto losses in 2024 resulted from hacking associated with the Democratic People’s Republic of Korea (DPRK). A Chainalysis report reveals that North Korean hackers, including the lethal Lazarus, account for 61% of all the crypto stolen this year. Although Decentralized Finance was the most affected by hackers in the earlier months of 2024, centralized finance had the most significant financial blows in the year’s second and third quarters. The DMM Bitcoin suffered a $305 million loss in May from hackers, and in July, WazirX lost $234.9 Million. The team resolved the glitch and resumed normal operations Through their X account, Trust Wallet stated that they successfully resolved the glitch and that the wallet is fully operational. Some users confirmed, saying that they can access their balances. Trust wallet is one of the many digital wallets that crypto users rely on. It has always boasted of its robust safety measures and easy-to-navigate features. The glitch, if otherwise, would have been the biggest test for the digital wallet. Crypto security risks may increase over time, requiring users to be alert. Artificial intelligence might further complicate the situation. Most hackers are beginning to use AI for sophisticated attacks, including phishing, deepfakes, and malware. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
The Australian Securities and Investments Commission’s (ASIC) most recent action against Binance Australia marks a significant advancement in cryptocurrency regulation. The cryptocurrency community is in disbelief over this case, which will likely have a lasting impact on how digital currencies are governed in Australia and other nations. The Regulatory Measures Of ASIC The main Australian financial regulator, ASIC, has become more vigilant in monitoring the cryptocurrency industry. The recent prosecution against Binance Australia is part of a broader effort to enforce compliance with contemporary financial norms. The commission has accused Binance of violating several laws related to counter-terrorism financing (CTF) and anti-money laundering (AML). This action demonstrates ASIC’s commitment to safeguarding investors from potential cryptocurrency risks and upholding the financial system’s integrity. Implications For Binance Australia This regulatory decision could have significant effects on Binance Australia. The business may face hefty fines, operational limitations, or even the suspension of its Australian operating license. Such outcomes could impact Binance’s brand and investor confidence internationally and its operations in the region. ASIC’s Deputy Chair, Sarah Court, criticized Binance’s compliance systems as “woefully inadequate,” stating that many clients suffered significant financial losses due to the lack of appropriate consumer protections. The ongoing legal proceedings could result in substantial penalties, declarations, and adverse publicity orders against Binance Australia. Such outcomes may adversely affect Binance’s brand reputation and investor confidence in Australia and internationally. This case serves as a clear warning to all cryptocurrency exchanges about the critical importance of adhering to legal requirements and implementing robust compliance procedures to protect investors and maintain market integrity. Broad Effects On Crypto Regulation This historic case is likely to set a precedent in cryptocurrency regulation. Authorities closely monitor Australia’s actions worldwide, which may influence how cryptocurrencies are regulated globally. If ASIC’s prosecution is successful, it could encourage other regulators to target cryptocurrency exchanges that operate similarly within their jurisdictions. Supporters argue that the development and stability of the cryptocurrency market depend on a more consistent and stringent regulatory environment, which this case might help establish. What To Expect Next For Australia’s Crypto Regulation This lawsuit will likely significantly impact how cryptocurrencies are regulated in Australia in the future. According to industry analysts, ASIC will continue enhancing its regulatory framework to address the challenges posed by virtual currencies. Cryptocurrency exchanges may face stricter AML and CTF regulations, improved customer due diligence, and greater operational transparency as part of additional compliance obligations. These measures aim to protect investors, prevent illegal activities, and ensure the sustainable growth of the Australian cryptocurrency market. Furthermore, ASIC’s case against Binance Australia is a landmark moment in cryptocurrency regulation. It highlights the increasing need for robust regulatory frameworks to manage the rapidly evolving world of digital currencies. The outcome of this case will be closely observed by regulators, investors, and cryptocurrency enthusiasts, as it has the potential to reshape the trajectory of cryptocurrency regulation in Australia and beyond. Featured image from DALL-E, chart from Tradingview.com
Last week was marked by bitcoin’s resilience and worries about mining centralization. Fartcoin’s rise to an all-time high added an unexpected layer of humor. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. From Mining Centralization Worries to
Peter Schiff, a harsh critic of Bitcoin, has proposed a government-backed digital currency, “USA Coin.” This shift suggests he’s reconsidering his stance on cryptocurrency, favoring centralized control. His proposal reflects how digital currencies are gaining more acceptance, even from skeptics and critics. For years, Peter Schiff, vocal Bitcoin critic. He has repeatedly argued that Bitcoin lacks intrinsic value, generates no income, and is driven purely by speculation. Even called it as “Bubble.” Schiff’s shift on proposing USA coin Yet, there is a twist, Schiff has recently proposed the creation of a government-backed digital currency called “USA Coin,” instead of Bitcoin Reserve, which is similar to Bitcoin in many ways. Could this sudden shift in his perspective reveal contradictions in long-standing criticism and indicate a selective acceptance of cryptocurrency principles? Schiff has always been an opponent of Bitcoin, emphasizing its limitations as an asset. According to him, Bitcoin is inability to generate income makes it inferior to traditional assets like real estate, which produce rents that can cover debt payments. He has also dismissed Bitcoin as a store of value, arguing that its price surges are driven by hype and FOMO (fear of missing out) rather than fundamental stability, even after it reached $100,000. Schiff criticized the idea of a Strategic Bitcoin Reserve proposed by some U.S. policymakers and Senator Cynthia Lummis being a part. Especially, the idea of using Bitcoin as a reserve to clear the national debt. Schiff argued that this move would destabilize the U.S. economy and weaken the dollar, warning that government involvement in Bitcoin could lead to hyperinflation. From Bitcoin critic to advocate of centralized digital currency Despite his opposition to Bitcoin, Schiff has now proposed the creation of a government-backed digital currency called “USA Coin.” According to him, the coin could have a capped supply of 21 million as same as Bitcoin, but with an upgraded blockchain to make it viable for everyday payments. So, that could make all rich. This proposal seems to reflect Schiff’s partial acceptance of cryptocurrency concepts while rejecting Bitcoin’s decentralized nature. Ultimately Schiff’e idea of USA Coin opposes Bitcoin’s core principle: decentralization. By proposing USA coin, the U.S. government create and control the currency, So, he favors centralized authority and security over Bitcoin’s trustless and decentralized system. Schiff’s proposal questions his real motives. For years, he called Bitcoin a risky bubble driven by influencers and early investors trying to get rich quickly. But, by suggesting a USA Coin, he’s indirectly admitting that digital currencies have value and potential. His problem with Bitcoin’s decentralization seems less about the technology and more about wanting government control. This change shows Schiff may not fully reject digital currencies but dislikes Bitcoin’s lack of rules and central authority. His idea for a government-backed cryptocurrency shows he thinks digital assets need support from a trusted source to be safe and reliable. If Bitcoin became centralized or controlled by the government, would critics like Schiff support it? This reminds of many current adopters and influencers were once a big skeptic and critic, right from the President -elect Trump. Schiff often criticizes Bitcoin because it operates outside traditional banks and government control. Yet, his idea for a USA Coin shows he might accept cryptocurrency if it fits his preference for centralized authority. By suggesting a government-backed digital currency, Schiff seems interested in being part of the growing world of digital assets. Schiff’s mixed views show a bigger debate in finance about cryptocurrencies. Bitcoin supporters see its decentralized model as a way to give people more power and rely less on traditional systems. But critics like Schiff think government support is needed for trust and stability. His idea for a USA Coin also shows how digital currencies are becoming more accepted, even by sceptics. It shows how Bitcoin’s growth has made critics rethink their views, even if they don’t fully agree with it. Peter Schiff’s proposal for a USA Coin shows a shift in his views on cryptocurrency. While he still criticizes Bitcoin’s decentralization, he supports a government-backed alternative, hinting at his preference for control. His evolving stance reflects the growing influence of digital currencies, even among critics. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap