Cryptocurrencies, including Movement, Bitget Token and Zcash, celebrated massive gains as Santa’s gifts showed in significant price rallies on Dec. 25. With Bitcoin (BTC) reclaiming some footing after trading to near $92,000 on Dec. 23, the gains to above $98k…
Cryptocurrencies, including Movement, Bitget Token and Zcash, celebrated massive gains as Santa’s gifts showed in significant price rallies on Dec. 25. With Bitcoin (BTC) reclaiming some footing after trading to near $92,000 on Dec. 23, the gains to above $98k also cascaded to some altcoins. Buoyed by various factors and catalysts, some alts recorded more than 30% spikes. Among the top coins, Movement (MOVE) , Bitget Token (BGB) and Zcash (ZEC) surged by more than 31%, 18% and 9% respectively. The altcoins led the 100 largest cryptocurrencies by market cap. Gains for most altcoins saw the overall market cap hold above $3.5 trillion — despite a 2% dip in 24 hours. Read more: Bitget Token soars as key indicators send a major warning Crypto’s daily trading volume stood at $156 billion, BTC dominance at 54.5% and the crypto greed & fear index at 62. This latter metric points to overall sentiment remaining bullish amid a potential return to greater risk appetite. Bitcoin bull and mastermind of the MicroStrategy plan Michael Saylor shared his optimism. There is no second-best Christmas gift. pic.twitter.com/M5IP9PRyNt — Michael Saylor⚡️ (@saylor) December 25, 2024 You might also like: 6 Bitcoin funds launch in Israel next week: report Earlier, analysts at QCP Capital summed up the market outlook. According to them, the next few weeks could see altcoins rally amid capital rotation. “BTC remains range-bound below 100k, and history shows we might see the typical quarter-end volatility selloff post-expiry. But if BTC breaks through 100k, volatility could hold firm and spark fresh momentum. Meanwhile, altcoins could steal the spotlight. With #BTC dominance at 58%, a drop below this level might confirm a rotation into alts — similar to what we saw last month with ETHBTC bouncing off 0.032 support.” QCP MOVE, ZEC, and BGB tokens, as well as other highlight performers on the day, included Fartcoin, Solana protocol Raydium, and Virtuals Protocol. On the other end, top losers in the past 24 hours included Hyperliquid, Stellar and Celestia. Read more: Pudgy Penguins PENGU bounced 30% amid Solana activity ATH
Turkish traders face low trading volumes during year-end holidays. Local exchanges show varying interests in altcoins driven by volatility. 21milyon.com provides real-time updates on cryptocurrency volumes and prices. Continue Reading: Turkish Cryptocurrency Investors Show Interest in Specific Altcoins The post Turkish Cryptocurrency Investors Show Interest in Specific Altcoins appeared first on COINTURK NEWS .
Thailand is considering a potential Bitcoin pilot project, proposed by former premier Thaksin Shinawatra, to be tested in Phuket as a tourism-focused sandbox. The proposal has received support from the Binance Thailand CEO, who sees it as a positive step for the country’s competitiveness and ability to attract tech-savvy visitors. However, despite efforts from industry advocates and some political proponents to turn the Kingdom into a digital hub, crypto payments remain outlawed in Thailand by the central bank. Thailand Warming to Crypto? The proposal “reflects not only the momentum of global crypto adoption but also demonstrates that leaders at the highest level are embracing these transformative technologies,” Nirun Fuwattananukul, chief executive of Gulf Binance, told the Bangkok Post before adding: “As more countries adopt digital assets and cryptocurrencies, Thailand must not be left behind,” He continued to state that given the country’s reliance on tourism and foreign inflows, “integrating cryptocurrencies into Phuket’s economy could align well with Thailand’s strategic strengths, potentially attracting tech-savvy visitors and investors.” However, there is currently a division of regulatory oversight in Thailand as payment systems come under the central bank’s jurisdiction, while digital assets are regulated by the Securities and Exchange Commission. Thailand also operates under a restricted currency system, unlike countries like the United States and Japan, which have already implemented Bitcoin payments. Before implementation, several key challenges need to be addressed, and the Bank of Thailand, which has been vehemently anti-crypto in the past, will have ultimate oversight. The central bank needs to thoroughly study the risks, particularly regarding monetary flow and economic stability, and regulatory frameworks need updating through collaboration between the BoT and SEC, which could take time. Consumer protection and anti-money laundering measures also need to be established, according to the report. Foreign Access Restricted The proposal suggests starting with a controlled sandbox environment in Phuket to monitor and assess implications before considering any nationwide adoption. However, the wheels of bureaucracy rotate slowly in Thailand. Additionally, many local payment systems and platforms, such as PayPal and Binance Thailand, are not available to foreigners visiting or residing in the kingdom. Moreover, Thailand’s digital assets market is undergoing a transition from retail to a more institutional focus, Fuwattananukul said in October. At the time, the Thai securities regulator proposed rules that would allow institutional-grade mutual and private funds to invest in crypto products such as US spot crypto ETFs. The post Binance Backs Bitcoin Payment Pilot Proposal in Thailand appeared first on CryptoPotato .
A composite index by ApeX Protocol ranked the most blockchain-friendly regions based on patents, jobs, and crypto exchanges.
Floki's ETP launch could further legitimize memecoins in traditional finance, bridging the gap between digital assets and institutional investors. The post Floki looking to launch Floki ETP in early 2025 appeared first on Crypto Briefing .
Remember when the weirdest thing about 2023 was the beer made of Amouranth’s vaginal yeast? Well, 2024 said "hold my mug."
Citi analysts predict 2025 will be a transformative year for crypto, driven by ETF growth, stablecoin adoption, and a more supportive regulatory shift despite macroeconomic uncertainty. According to Business Insider’s report , Citi analysts led by Alex Saunders stated in a Friday note, “This year was a strong one for crypto, registering a 90%+ increase in the total market cap”. The cryptocurrency market surged in January 2024, with a dozen Bitcoin spot ETFs launching. Thanks to these funds, investors could trade Bitcoin more easily, fueling a positive outlook in the industry. Moreover, the central bank’s rate cuts, along with other policies, encouraged economic growth in September. On Election Day, Donald Trump’s victory was the most significant moment for digital assets. Trump himself was very supportive of cryptocurrencies, and winning his campaign generated a wave of optimism. He appointed many crypto advocates to key positions, and he named Paul Atkins to head the Securities and Exchange Commission (SEC). Bitcoin reached $100,000 for the first time, thanks in part to Trump’s crypto-friendly stance. Altcoins also benefitted. The surge propelled the total cryptocurrency market to $3.4 trillion, almost double its value last year, even after some turbulence ensuing from the Federal Reserve’s hawkish comments. A favorable economic environment, but how long? Citi analysts believe high-risk trades will stay up through early 2025 against the current backdrop. However, they warn that the outlook could change later in the year as uncertainty persists over what Trump will do about the economy and stock market volatility. The Citi analysts said that “macro may turn less favorable over the rest of the year given heightened US policy uncertainty and forecasted equity volatility.” Continued growth of spot ETFs as a game changer for crypto It’s been a game-changer for the launch of Bitcoin and Ethereum spot ETFs. After years of scrutiny from the SEC, these crypto funds have made buying and selling cryptocurrency as easy as tracking prices without having to own the coins. Since July, Bitcoin ETFs have seen $36.4 billion in inflows, while Ethereum ETFs have seen $2.4 billion. “These flows have been the most significant driver of crypto returns, and we expect this to continue in 2025,” the analysts stated. Crypto as a part of a multi-asset portfolio Another focus point is the role of crypto in diverse portfolios. During this year’s rally, analysts also noted that adding Bitcoin to multi-asset portfolios did add value. Still, it’s too volatile an option. With allocations larger in percentage, crypto needs to yield much higher rates of returns than equities in the first place to justify that risk. “For a 5% allocation, performance needs to be higher – double-digits using the S&P’s longer-term risk-reward trade-off, or 21% using recent returns where the high reward/risk implies investors need to be compensated well for taking additional risks,” the Citi analysts’ note explained. The Rise of Stablecoins The momentum for stablecoins , i.e., cryptocurrencies pegged to the stability of assets like the U.S. dollar, is increasing. Trump’s victory generated optimism in the robust market for stablecoins, stimulating new issuances and partnership plans. One example is a partnership between Circle and Binance, which can threaten Tether’s lead in the space. Citi analysts see diversification as a positive step, as “it will lessen the potential for systemic risks from a specific issuer. ” They also consider how more stablecoins could be used in wider use cases to spur more adoption of decentralized finance (DeFi). Sustained growth is only possible through adoption According to the analysts, digital asset adoption has to grow if the crypto rally is to continue. Though trading volumes are high and stablecoin values have grown, widespread use of cryptocurrencies is essential. Citi analysts are monitoring Turkey, Argentina, and Venezuela, all of which are facing economic instability that has driven more people to the cash. Citi analysts expect regulation to take a pivotal turn in 2025 Trump’s administration will change the regulatory landscape . The industry is hoping for lighter regulations, and his administration has several pro-crypto appointees. But analysts forecast this will be about clarity rather than full deregulation. “The result is likely to be a shift from regulation by enforcement to a more legislative-based approach.” Analysts added it’s “less a de-regulation story; more so a removal of headwinds.” Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
BlockDAG’s Whitepaper V3 Drops Updates on its Tech Advancement! Cardano Price Prediction & Dogecoin Whale Activity Rises As the altcoin market gears up for a projected $2.5 trillion boom, key players like Cardano, Dogecoin, and BlockDAG (BDAG) are showing impressive momentum. The Cardano price prediction highlights renewed whale interest, as large holders accumulate 160 million ADA tokens following its recent dip to $0.91. Similarly, Dogecoin whales are strategically navigating key support levels, aiming for $0.684. On the flip side, BlockDAG (BDAG), with its newly released Whitepaper V3, continues attracting crypto whales looking for the next big crypto. The whitepaper revealed key updates and insights into BlockDAG’s technology and plans for 2025. Moreover, this utility-driven project has made waves in the presale market by raising over $172 million across 26 batches, as it swiftly progresses toward its ambitious $600 million presale target. Cardano Price Prediction: Will it Break $1 and Reach $2.27? The Cardano price prediction is gaining attention as large holders accumulate 160 million ADA tokens following its drop to $0.91. With a 6% recovery, ADA is trading at $0.95, and analysts project it could reach $1.2 within a month if it breaks the crucial $1 resistance. Long-term predictions suggest a target of $2.27, making the $1 milestone pivotal for its upward momentum. While the Cardano price prediction shows potential recovery, challenges remain. Daily active users have dropped by 58%, raising questions about sustained engagement. Additionally, concerns over its ability to maintain key support at $0.90 amidst market fluctuations leave investors uncertain. Can Dogecoin Whale Activity Propel to $0.415? A recent post by @CryptoMichNL on X mentioned that the “Altcoin market capitalization has had a beautiful retest and is expected to continue to $2.5T.” This highlights the increasing momentum across altcoins, including Dogecoin, which continues to draw attention due to whale activity. Currently trading at $0.348, Dogecoin Whale movements have kept its key support level at $0.264 intact, with targets at $0.415 and $0.684. While whales often drive price surges, this reliance raises concerns about market stability. Analysts point out that Dogecoin’s limited use makes it less competitive. Additionally, its unpredictable price swings make some investors hesitant, emphasizing the need for stronger fundamentals to support long-term growth. BlockDAG’s Whitepaper V3: Solving Scalability & Privacy Challenges in Crypto The upcoming altcoin boom is projected to push the market to an incredible $2.5 trillion, and all eyes are on the projects poised to lead this explosive growth. At the forefront of this movement is BlockDAG, a next-gen blockchain platform that’s redefining the crypto market. With its presale already raising over $172 million by selling more than 17.5 billion BDAG coins, BlockDAG has exceeded all expectations. Those who jumped early into the project have enjoyed a remarkable 2,240% growth in their holdings, as the BDAG coin price surged from an initial $0.001 to $0.0234 in the current batch. Adding to its appeal, BlockDAG’s newly released Whitepaper V3 has captivated developers and whales alike, detailing innovative advancements that address scalability, privacy, and compatibility challenges. By integrating the UTXO model for private payments and the account-based model for Ethereum-compatible smart contracts, BlockDAG offers the perfect hybrid environment for DeFi, dApps, and NFTs. The whitepaper also highlighted the Phantom GhostDAG protocol, which introduces a partially ordered transaction system that reduces fees while maintaining transaction integrity, setting a new benchmark for blockchain efficiency. This innovation is fueling a surge of interest among crypto enthusiasts, propelling a rapid increase in presale funding. Market analysts are now optimistic that BlockDAG could reach its $600 million presale target before than anticipated. With the demand for BDAG coins surging, the current presale batch is on the verge of closing soon, which will trigger a significant price increase in the next one. For those eyeing this rapidly expanding crypto giant, now could be the perfect time to act before prices soar and BlockDAG becomes as hard to access as other major crypto market leaders. What is the Next Big Crypto? The altcoin market is heating up with Cardano price prediction suggesting a renewed whale accumulation, while Dogecoin whale activity drives key support levels. However, the spotlight is shifting to BlockDAG, which is setting a new standard with its latest Whitepaper V3 and presale success. With its presale smashing the $172 million mark, BlockDAG is rapidly approaching its $600 million target. For those still questioning what is the next big crypto, BlockDAG is emerging as a clear contender, offering unmatched growth potential. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu 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 .
An analyst has explained how an important Bitcoin indicator is back to levels that may be considered healthy for a bull-market uptrend. Bitcoin Short-Term Holder Realized Price No Longer Growing Too Fast In a new post on X, analyst James Van Straten has talked about the 7-day rate of change in the Realized Price of the Bitcoin short-term holders. The “ Realized Price ” here refers to an on-chain metric that keeps track of the cost basis of the average investor or address on the network. When the indicator’s value is greater than the spot price of the cryptocurrency, it means the holders as a whole can be assumed to be in a state of net profit. On the other hand, it being under the mark implies the overall market is holding loss. In the context of the current topic, the Realized Price of only a particular market segment is of interest: the short-term holders (STHs) . This cohort includes the investors who bought their coins within the past 155 days. The STHs make up one of the two main divisions of the BTC sector on the basis of holding time, with the other group being known as the long-term holders (LTHs) . Statistically, the longer an investor holds onto their coins, the less likely they become to sell at any point, so the STHs are considered to include the weak hands of the market, while the LTHs represent the resolute HODLers. Now, here is the chart shared by the analyst that shows the trend in the Realized Price of the STHs, as well as its 7-day rate of change, over the last few years: As is visible in the above graph, the Bitcoin STH Realized Price has gone up during the last few months as the rally in the coin’s price has occurred. The reason behind this trend is naturally the fact that the STHs represent the recent buyers, who have to purchase at increasingly higher prices during a bull run. The cryptocurrency has been trading above the cost basis of this cohort for a while now, implying that its members have been enjoying profits. Historically, the line has served as a sort of boundary between macro bearish and bullish trends, so BTC continuing to trade above it is a positive sign. As Van Straten has pointed out, another potential bullish sign is the fact that the 7-day rate of change in the indicator has seen a cooldown recently. Earlier, the Realized Price of the STHs was expanding at a notable rate, something that has generally led to tops for the coin. With the indicator now growing at a more healthy rate, it’s possible that Bitcoin could continue its bull run in a sustainable manner. BTC Price At the time of writing, Bitcoin is floating around $98,400, down more than 6% over the last week.