MicroStrategy, a leader in Bitcoin investments, is gearing up for a Special Shareholder Meeting on December 24th, as reported by Cointelegraph. The primary agenda for this meeting will center around
With Bitcoin reaching $100,000, some wonder if its peak has come. Meanwhile, altcoins like XRP, TRX, and SOL are breaking records. As the market shifts, other digital coins may take the spotlight in 2025. This article uncovers the top cryptocurrencies poised for the next big surge. Could these emerging tokens outshine Bitcoin in the coming year? The All-Sports Meme Token You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where degens can score big off the growing demand for meme coins Picture this: Polymarket hitting $1 billion in trading volume during the US presidential election – now throw in the hype of meme coins and the thrill of sports betting. With millions of sports fans ready to hit the field and cash in the XYZVerse ecosystem is set to keep expanding – and your rewards will slam dunk through the roof! >>>XYZ presale is your first-quarter chance to get in before the mind-blowing explosion! In 2024, meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. With potential thousand-fold returns that will blow past the finish line, the presale plan draws a hefty 9,900% growth by the TGE. Forget about BOME’s 5,000% rise or WIF’s 1,000% rally – XYZ is here to outscore them all! With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here – get in before the crowd storms the field, and you’ll be sitting on way bigger returns! >>Don’t be left on the bench – grab your XYZ tokens now and be part of the next massive crypto championship! Ethereum (ETH) Ethereum (ETH) has experienced notable price shifts in recent times. Over the past week, its value dropped by 15.25%, marking a significant decline. In the last month, the price decreased by 2.48%, and over six months, it edged down by 2.16%. Currently, Ethereum trades within a range of $3648.43 to $4137.17, reflecting the volatility in the market. Technical indicators hint at possible future movements for Ethereum. The Relative Strength Index (RSI) is at 38.07, approaching oversold levels, suggesting a potential rebound. The Stochastic indicator stands at 21.50, also indicating an oversold condition. However, the Moving Average Convergence Divergence (MACD) level is -21.52, showing bearish momentum. The price hovers near its 10-day and 100-day simple moving averages of $3331.27 and $3461.32, respectively. Ethereum’s immediate resistance level is at $4318. If the price breaks above this point, it could aim for the second resistance at $4807, an increase of around 11%. On the downside, the nearest support is at $3340.38. A drop below this could lead to the second support level at $2851.64, a decrease of about 15%. Given the current indicators and support levels, Ethereum may be poised for a turnaround or further decline, making this a critical juncture for the asset. XRP (XRP) Over the past six months, XRP has seen a remarkable increase of 366.94%. This significant rise reflects strong interest and trading activity around the cryptocurrency. In the last month, XRP’s price climbed by 77.14%, showcasing a robust upward trend. However, the past week experienced a dip of 7.81%, indicating some short-term volatility. Currently, XRP is trading between $2.03 and $2.73. The nearest resistance level is at $3.02, a point that, if surpassed, could lead to testing the second resistance at $3.73. On the other hand, the nearest support lies at $1.61, with a secondary support at $0.9041. These levels are key indicators of potential price movement in either direction. Technical indicators present a mixed picture. The 10-day and 100-day simple moving averages are close, at $2.24 and $2.28 respectively, suggesting the market is consolidating. The Relative Strength Index (RSI) stands at 42.72, indicating that XRP is neither overbought nor oversold. The MACD level is slightly negative at -0.0059, which could point to a mild bearish sentiment. Monitoring these indicators can provide insight into XRP’s potential price direction in the near future. Solana (SOL) SOL has faced notable price shifts recently. In the past week, its price dropped by 18.80%, and over the last month, it decreased by 30.50%. Despite these declines, Solana has grown by 34.97% over the past six months. The current trading range is between $205.85 and $239.87, showing significant volatility. Technical indicators suggest the bearish trend might persist. The RSI is at 38.29, nearing oversold levels. The MACD is negative at -1.376, and the Stochastic oscillator is low at 26.34. These figures point towards potential further declines, but they could also hint at an upcoming reversal if buyers step in. Solana’s nearest support is at $188; falling below this could lead to a drop to the next support at $154. On the upside, resistance levels are at $256 and $290. To reach the first resistance, Solana needs to rise by about 8%. A decline to the nearest support means a decrease of around 10%. The 10-day SMA is $182.89, and the 100-day SMA is $193.52, indicating recent prices are above average. Conclusion Though ETH, XRP, and SOL are promising, XYZVerse (XYZ) uniquely merges sports and memes, positioning itself for significant growth in the current bull run. You can find more information about XYZVersus (XYZ) here: Site , Telegram , X Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
CF Benchmarks predicts investment advisors will dominate the Bitcoin ETF market. Investment advisors' market share in BTC and ETH ETFs will exceed 50% by 2025. Continue Reading: CF Benchmarks Predicts Advisors Will Dominate Bitcoin ETF Market The post CF Benchmarks Predicts Advisors Will Dominate Bitcoin ETF Market appeared first on COINTURK NEWS .
The recent unexpected success of a solo Bitcoin miner has reignited discussions on market dynamics and mining strategies in the cryptocurrency space. This solo miner’s significant earnings amid market uncertainty
A widely followed crypto analyst says that Ethereum and altcoins are bracing for a swing to the upside as ETH prints the same pattern it did in 2020. In a new video update, crypto strategist Jason Pizzino tells his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/ BTC ) pair is flashing a “major altcoin signal.” However, he warns that altcoins still have a bit further to drop before market sentiment turns around and sparks a rally. “ETH/BTC in November got a bounce but again it still has not broken past at least the 4% level and the major level that I’m watching for an overbalance in price here is 0.046 [BTC]. That’s going to give us an overbalance in price to the upside and ideally if [the 0.032 BTC] low isn’t taken out, it’ll be overbalanced in time as well and that would be that major altcoin signal, when everyone has that extreme greed, the excitement and the belief that these markets are just not going to come back down. We’re still not there yet so I don’t think it’s too crazy to think that we’d see further at least consolidation but until that happens, you’re probably not going to get that same extreme excitement to the upside.” According to the trader, ETH/BTC is mirroring the same pattern it did in 2020 before taking off. “It’s similar to what happened in December of 2020 and what followed December 2020 is your massive January bar: big, big volume, big reversal… So we have a look back to January [2021]. Y ou start to see that volume really pick up early on and just come back out of nowhere. You can see [December 27th, 2020] it started to pick up and [on] the 3rd of January [2021], [a] nice big move. Third and fourth [of January], [ETH/BTC] starts to break those tops and then consolidate above those support levels. You can see they’re around 3% and then it started to move again – sure it came back down, but that gives you the overbalance that you’re looking for, meaning more buyers for a longer period of time and they’re holding the price up. That’s exactly what we need to see, and we haven’t seen it yet with the ETH/BTC chart.” ETH/BTC is valued at 0.0342 BTC ($3,264.68) at time of writing. 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. Generated Image: Midjourney The post Ethereum and Altcoins Gearing Up for Explosive Move As ETH Mirrors December 2020 Structure: Jason Pizzino appeared first on The Daily Hodl .
If such events become more frequent, it could create an imbalance in demand and supply, potentially affecting Bitcoin’s price in the long-term.
On December 24th, COINOTAG News reported a significant **security breach** involving the Japanese cryptocurrency exchange DMM Bitcoin, where an estimated **48.2 billion yen worth of Bitcoin was stolen**. The incident
Donald Trump’s administration is expected to pursue executive orders on day one to push cryptocurrency forward, with potential plans for a national bitcoin reserve and expanded crypto banking access. Crypto Industry Prepares for Possible Day-One Executive Orders From Trump’s White House U.S. President-elect Donald Trump is expected to move swiftly on cryptocurrency initiatives, with industry
Bitcoin has continued to see declining performance in recent days with on-chain metrics offering valuable insights into market behavior. Among these metrics, the Spent Output Profit Ratio (SOPR) for long-term holders has particularly emerged as a critical tool for assessing investor sentiment and market resilience. Long-term holders, defined as investors holding Bitcoin for over 155 days, are often viewed as a stabilizing force in the market. Their selling patterns can significantly influence price trends, making SOPR an indicator worth watching. Related Reading: Bitcoin Market Leverage and Coinbase Premium: What Recent Data Reveals Long-Term Holder Trends And Market Sentiment Recent analysis from a CryptoQuant analyst known as Cryptoavails highlights that Bitcoin’s long-term holder SOPR metric continues to exhibit notable patterns as Bitcoin’s price trends upward. Historically, SOPR values above 1 indicate that long-term holders are selling at a profit, while values below 1 suggest they are offloading their holdings at a loss. This behavior reflects broader market confidence or capitulation during periods of price decline. Currently, the SOPR metric remains consistently above 1, signaling that long-term holders are selling profitably without adding significant downward pressure on Bitcoin’s price. The analysis from Cryptoavails tracks key phases in the Bitcoin market over the past two years, highlighting significant shifts in SOPR values. For instance, in early 2022, the SOPR metric showed high volatility with frequent spikes, suggesting intense profit-taking activity by long-term holders. Amid these sales, Bitcoin’s price experienced a downward trend, reflecting persistent selling pressure during that period. This trend gradually shifted in late 2022 and early 2023 when the SOPR metric mostly remained below 1, indicating that long-term holders were selling at a loss as the market sought to find stability. By mid-2023, the SOPR began trending upwards, signaling renewed confidence among long-term investors. The metric consistently moved closer to or above the critical level of 1, suggesting that long-term holders were once again selling at a profit while market confidence began to recover. This upward trend has remained intact into 2024, supported by Bitcoin’s rising price levels. Importantly, there have been no significant sell-offs by long-term holders, reinforcing the broader market’s stability, according to the crypto analyst. SOPR As A Forward Indicator For Market Growth Overall, Cryptoavails mentioned that the current state of Bitcoin’s SOPR suggests a healthy market dynamic, with long-term holders contributing to a stable price structure. Despite periodic corrections, the sustained presence of SOPR above 1 indicates that selling pressure remains controlled. Related Reading: What’s The Worst Case Scenario For Bitcoin Right Now? Analyst Explains The analyst also pointed out that this behavior reflects market maturity, where long-term investors are not rushing to offload their holdings despite Bitcoin’s price appreciation. Regardless, Bitcoin has continued to consistently decrease in price since its sharp drop below $100,000 last week. At the time of writing, Bitcoin trades at a price of $93,991 down by 1.6% in the past 24 hours. Featured image created with DALL-E, Chart from TradingView
Matador Technologies plans a $4.5 million Bitcoin acquisition. The company aims to reduce risks linked to the Canadian dollar. Continue Reading: Matador Technologies Plans to Acquire $4.5 Million in Bitcoin The post Matador Technologies Plans to Acquire $4.5 Million in Bitcoin appeared first on COINTURK NEWS .