Prominent exchange listings often ignite massive price surges for lesser-known tokens, especially during a bull market. South Korean crypto exchange giant Upbit’s announcement to list MOCA Network (MOCA), for one, has had a dramatic effect on its market performance. Whale Moves Millions in MOCA After Upbit announced the listing of MOCA, its price surge prompted two wallets, likely linked to the same whale, to deposit 9.5 million MOCA tokens worth $3.55 million to Bybit. If these tokens are fully sold at the current price levels, the whale stands to make an impressive profit of $2.55 million, highlighting the significant market impact and profit potential tied to strategic token movements following major exchange listings, according to data compiled by Lookonchain. Over the past 24 hours alone, MOCA has experienced a whopping 160% rally, briefly reaching $0.426 before stabilizing near $0.22. This price surge was accompanied by an astonishing 7,500% increase in trading volume, which now stands at $1.32 billion, and a market capitalization spike of over 205% to $341.61 million. As per the official update , Upbit launched Korean Won, Bitcoin (BTC), and USDT trading pairs for MOCA. For the uninitiated, MOCA is the utility and governance token of a decentralized ecosystem called Mocaverse, which is a flagship project of the Hong Kong-based Web3 giant Animoca Brands Group. $10M Funding Round For Mocaverse Beyond its market performance, Animoca Brands recently announced a $10 million funding round for Mocaverse. The funding, supported by major investors like OKX Ventures, CMCC Global, and HongShan, is aimed at expanding Mocaverse’s interoperable infrastructure for consumer crypto adoption. With MOCA’s fully diluted valuation at $1 billion, Animoca said that it is strategically building the Realm Network to advance Web3 interoperability and digital property rights. Mocaverse’s rapid growth is evident in initiatives like the Moca ID, which has already registered over 1.79 million IDs and fostered partnerships with prominent platforms such as Pixels, Trust Wallet, and OKX Wallet. Future collaborations with high-profile partners like the TON Foundation and Anime Foundation aim to onboard millions of users to the Moca Network. The post Upbit’s MOCA Listing Sparks 7,500% Trading Volume Explosion appeared first on CryptoPotato .
Cryptocurrency prices today saw Bitcoin (BTC) making headlines again as it reached a new all-time high, touching $107,700. The global crypto market increased by 1%, reaching $3.72 trillion, while trading volume jumped 34% to $211 billion. In the altcoin market, Bitget Token (BGB) surged 16%, reflecting strong investor interest, while Cronos (CRO) gained 7%, indicating steady demand. The Fear and Greed Index climbed to 81, signaling extreme greed as optimism continues to dominate the market. Cryptocurrency prices today showcase BTC’s record-breaking momentum. Its new all-time high is driving bullish sentiment across the market. Increased trading activity and rising valuations reflect strong confidence among investors. Cryptocurrency Prices Today: BTC Hits New ATH, ETH, XRP Gain 2%, SOL Drops 4% Cryptocurrency prices today saw Bitcoin (BTC) hitting a new all-time high of $107,700, fueling market optimism. Ethereum (ETH) and XRP recorded 2% gains, reflecting steady buying interest, while Solana (SOL) dropped 4% due to profit booking. The overall market remains positive, driven by rising trading volumes and BTC’s strong upward momentum. Bitcoin Price Today Cryptocurrency prices today showed Bitcoin (BTC) trading at $106,256, marking a 2% increase in the last 24 hours. BTC recorded a 24-hour low of $103,320 and a high of $107,777, reflecting strong market activity. Its market cap stood at $2.11 trillion, while its trading volume reached $83 billion. Bitcoin’s dominance in the market remained steady at 56.46%. As per SoSo Value , BTC ETFs witnessed significant inflows of $218 million on Monday. Fidelity contributed $116 million to Bitcoin ETFs, followed by Ark and 21Shares with $47 million, and Bitwise with $30 million. Meanwhile, BlackRock’s ETF data is still awaited, keeping investors eager for updates. In other news, Michael Saylor proposed a framework for the U.S. to address its $36 trillion debt with Bitcoin. His innovative suggestion highlights the growing potential of Bitcoin in reshaping global financial strategies. Ethereum Price Today Cryptocurrency prices today highlighted Ethereum (ETH) price trading at $4,020, reflecting a 2% gain in the last 24 hours. ETH recorded a 24-hour low of $3,883 and a high of $4,108, showcasing steady upward movement. Its market cap stood at $484 billion, supported by a trading volume of $43 billion. Ethereum ETFs saw an inflow of $20 million, indicating continued investor interest. Bitwise accounted for $8 million of the inflow, while Fidelity purchased $4 million of ETH ETFs. BlackRock’s ETF data is still pending, leaving the market awaiting further updates. XRP Price Today XRP price was trading at $2.48, reflecting a 2% increase in the last 24 hours. The cryptocurrency recorded a 24-hour low of $2.344 and a high of $2.568, indicating a steady upward trajectory. With a market cap of $142 billion and a trading volume of $12 billion, XRP has solidified its position as the third-largest cryptocurrency by market cap, holding a 3.81% dominance. Analysts predict that XRP could surge to $7 following the launch of the RLUSD stablecoin. This development is anticipated to enhance XRP’s adoption and significantly impact its market trajectory. Solana Price Today Solana (SOL) price was trading at $214, experiencing a 4% drop in the last 24 hours. The cryptocurrency saw a low of $211 and a high of $223 during the same period, reflecting some volatility. With a market cap of $102 billion and trading volume of $5 billion, SOL is currently the 6th largest cryptocurrency by market cap. In other news, Messari’s 2025 Crypto Theses Report suggests that Solana could experience explosive growth in 2025. This potential surge is expected to come from increasing adoption and the growing influence of the Solana ecosystem in the broader cryptocurrency market. Meme Cryptocurrency Prices Today Top meme coins are showing bearish momentum today, with Dogecoin (DOGE) down by 1%, trading at $0.40. Shiba Inu (SHIB) also saw a 2% decline, trading at $0.00002706, reflecting the overall weakness in the meme coin market. Other notable meme coins such as PEPE, WIF, and BONK were also down by 2% to 3% at the time of writing. The trend suggests a temporary dip in investor sentiment towards meme-based cryptocurrencies. Top Cryptocurrency Gainer Prices Today Bitget Token Bitget Token (BGB) emerged as the top gainer today, with a 16% increase in price over the last 24 hours. It was trading at $3.65, with a 24-hour low of $3.091 and a high of $3.66, reflecting strong upward momentum. This significant price increase is attributed to Bitget, being granted a license to operate as a Bitcoin Service Provider by El Salvador’s Central Bank . This regulatory approval has fueled investor optimism, driving the surge in BGB’s price. Cronos Cronos (CRO) became the 2nd top gainer today, with a 7% increase in the last 24 hours. It was trading at $0.188, with a 24-hour low of $0.17 and a high of $0.19, reflecting solid upward movement. The cryptocurrency prices today show that CRO has a market cap of $5 billion and a trading volume of $131 million. Its strong performance highlights growing investor confidence and interest in the token. Virtual Protocol Virtual Protocol (VIRTUAL) was trading at $2.86, showing a 6% increase in the last 24 hours. The cryptocurrency recorded a 24-hour low of $2.70 and a high of $3.28, reflecting strong upward momentum in its price movement. Top Cryptocurrency Loser Prices Today Helium Helium (HNT) was trading at $8.48, showing an 11% drop in price, making it the worst performer for today. Its 24-hour low and high were $8.40 and $10.10, reflecting significant volatility in its price movement. Cryptocurrency prices today highlight the challenges Helium is facing, with the market sentiment turning bearish. Investors are keeping an eye on the cryptocurrency as it navigates this downward trend. GALA GALA price was trading at $0.045, experiencing a 10% drop in price over the last 24 hours. The cryptocurrency recorded a 24-hour low of $0.04483 and a high of $0.0502, indicating notable price fluctuations. With a market cap of $1.67 billion and a trading volume of $344 million, GALA is still actively traded despite the recent price decline. Cryptocurrency prices today reflect the challenges GALA is facing in a bearish market. Raydium Raydium (RAY) was trading at $4.89, showing a 9% drop in price over the last 24 hours. Its 24-hour low and high were $4.87 and $5.40, reflecting significant price fluctuations. Despite this decline, RAY continues to attract attention in the market, with investors closely watching its movement during this bearish period. In addition, the hourly chart shows positive momentum, with Bitcoin (BTC) up by 0.50% in the last hour. Major altcoins like Ethereum (ETH), XRP, and Binance Coin (BNB) have also seen gains in the past hour, suggesting a brief market recovery. Cryptocurrency prices today indicate a mixed trend across different assets. The post Cryptocurrency Prices Today Dec 17: BTC Crosses $107K, BGB Soars 16%, CRO Up 7% appeared first on CoinGape .
Despite the slight drop in Bitcoin’s dominance, the price closed strongly last week following a fresh break to a new high. It is footing another leg up while the fear and greed index stands at 80 due to overbought. Bitcoin’s daily structure remains highly bullish in the long term due to a consistent surge in the past month. The crypto pushed higher yesterday and comfortably entered the $106,000 range, closing last week bullish. Prior to the latest break up, the primary crypto flash crashed to a low of $90,500 earlier this month following a sudden rejection at $104,000. The price recovered and traded at around $100k throughout last week. Despite the low volatility movement in the past weeks, the trend is still considered bullish on the daily chart. Though it appears to be gathering momentum for another leg up. The breakout could set the market up for a huge price movement if the demand level increases significantly. In case of a drop, BTC must break below the current monthly low before considering a broader retracement. Currently, the trend is still in favour of the bulls, and as a result, more surges are expected in the future. BTC’s Key Levels To Watch Source: Tradingview If Bitcoin pushes above the newly marked all-time high of $106,648, the next key level for an increase would be $110,000, followed by $115,000. For now, the psychological $100,000 level is considered as support. A drop below it could roll the price back to the $94,150 support – last week’s low. Below this support lies the monthly $90,500 low. Lower supports for broader retracement are $85,072, $81,500 and $77,200. Key Resistance Levels: $106,648, $110,000, $115,000 Key Support Levels: $100,000, $94,150, $90,500 Spot Price: $104,592 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: volovodov/ 123RF // Image Effects by Colorcinch
Matthew Sigel, the Head of Digital Assets Research of VanEck, said Bitcoin could reach $180K this bull cycle but is “under-exposed” to corporate adoption.
Matthew Sigel, the Head of Digital Assets Research of VanEck, said Bitcoin could reach $180K this bull cycle but is “under-exposed” to corporate adoption. In an appearance on the Coin Stories podcast, Matthew Sigel said Bitcoin ( BTC ) could go as high as $180K in 2025, pointing to crucial indicators like funding rates, unrealized profits, and retail speculation as the basis for this prediction. Sigel, in conversation with the host Natalie Brunel , says VanEck has been “ bullish on Bitcoin since 2017 ”. However, he believes corporate adoption of Bitcoin still has a long road ahead. Traditional asset managers, many of which, like Morgan Stanley and Merrill Lynch, are owned by banks and brokers, have been slow to adopt BTC into their financial strategy, he said. Their tightly regulated structure and reliance on traditional asset allocation models, such as the 60-40 portfolio, have yet to adjust to accommodate BTC ETFs . You might also like: FTX to start bankruptcy payouts via Kraken, BitGo from Jan. 3 According to Sigel, this adds to the fact that approximately 80% of BTC ETF holders are retail or high-net-worth investors either diversifying away from self-custody or scaling up existing positions. Institutional asset managers, he added, have not yet significantly entered the space. I had the chance to sit down with @vaneck_us 's @matthew_sigel to discuss Bitcoin's price, the potential of a U.S. Strategic Bitcoin Reserve, institutional adoption, ETFs, emerging market adoption and more. We break down his forecast of $180k Bitcoin in 2025, $450k next cycle,… pic.twitter.com/QRstbQl8dG — Natalie Brunell ⚡️ (@natbrunell) December 16, 2024 You might also like: Ripple’s RLUSD scheduled for Dec. 17 launch Bitcoin could be up to $180k during this bull run The prediction that BTC will reach $180k comes as the crypto market experiences mounting optimism, with BTC surging to $107,780.58 on Dec. 16, as institutional interest continues to rise. Sigel shared that macro trends such as inflation hedges and BTC being adopted as digital gold are fueling this bullish sentiment. According to Sigel, BTC safeguards against actions like government currency devaluation and asset confiscations, a must-have for individuals living in countries with double-digit inflation. As one of the most active establishments when it comes to launching crypto products such as BTC ETFs, VanEck continues to be a major player in the digital asset space. VanEck’s research, which influences sentiments among institutional investors pursuing bitcoin exposure, echoes Sigel’s projection. Read more: SEC fines Van Eck $1.75m over influencer’s role in ETF launch
XRP price started a fresh increase from the $2.320 zone. The price is now rising and might soon aim for a move above the $2.55 resistance. XRP price started a fresh increase above the $2.35 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.44 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.525 resistance. XRP Price Regains Traction XRP price started a decent upward move above the $2.40 level, like Bitcoin and Ethereum . There was a move above the $2.45 and $2.50 resistance levels. There was a break above a connecting bearish trend line with resistance at $2.44 on the hourly chart of the XRP/USD pair. The price even spiked above $2.550 before the bears appeared. A high was formed at $2.5870 and the price is now consolidating gains. There was a minor decline below $2.5250. The price dipped and tested the 50% Fib retracement level of the upward move from the $2.3272 swing low to the $2.5870 high. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.525 level. The first major resistance is near the $2.550 level. The next resistance is $2.5850. A clear move above the $2.5850 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880. Another Drop? If XRP fails to clear the $2.525 resistance zone, it could start another decline. Initial support on the downside is near the $2.4550 level. The next major support is near the $2.420 level or the 61.8% Fib retracement level of the upward move from the $2.3272 swing low to the $2.5870 high. If there is a downside break and a close below the $2.420 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.250 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.4550 and $2.420. Major Resistance Levels – $2.5250 and $2.5850.
Ethereum is on the verge of reclaiming the $4,000 level as it inches closer to its all-time highs. The second-largest cryptocurrency by market cap has faced skepticism throughout this cycle, with some analysts predicting it would underperform compared to its previous bull runs. However, Ethereum has surprised doubters, steadily climbing in recent weeks despite market uncertainty. Related Reading: ONDO Exchange Inflows Grow – Volatility Ahead? Key on-chain metrics from Glassnode reveal an important trend that could fuel further price gains: Ethereum whales have been accumulating aggressively since late November. This signals growing confidence among major holders, who are positioning themselves for potential upside. Historically, whale accumulation has often preceded significant price moves, hinting at the possibility of a breakout in the near term. While the market remains divided on Ethereum’s trajectory, its ability to sustain upward momentum near the $4,000 mark will likely define its performance in the weeks ahead. Breaking above this critical resistance could open the door to new highs and further solidify ETH’s role as a leader in the ongoing bull cycle. Ethereum Mega-Whale Balances Grow Ethereum has experienced a steady, albeit modest, rally since November 5, but it seems the real fireworks for ETH are yet to ignite. As Bitcoin soars into price discovery and several altcoins outperform expectations, Ethereum investors are searching for clear signals of an impending bull run for the second-largest cryptocurrency. Key on-chain data shared by top analyst Ali Martinez on X provides intriguing insights into Ethereum’s current state. Martinez highlights that Ethereum whales—entities holding significant amounts of ETH—have been accumulating aggressively since the price broke above the $3,330 level. This accumulation trend suggests that smart money is positioning itself for what could be a massive upward move in the months ahead. Historically, whale accumulation has often been a precursor to strong price rallies, as these large investors tend to anticipate major market shifts before retail traders. However, the narrative isn’t entirely bullish. While whale accumulation may signal confidence, it also raises concerns about a potential bull trap. These large holders could quickly pivot, offloading their ETH for other assets if market conditions shift or if Bitcoin’s dominance suppresses altcoin growth. Such a move could catch smaller investors off guard, leading to sharp corrections. Related Reading: AAVE Dominates DeFi Lending – Metrics Reveal 45% Market Share For Ethereum, holding above critical levels like $3,800 while breaking key resistances could be the catalyst needed to spark a true bull run. Until then, ETH remains a watchlist favorite, balancing potential and uncertainty. Price Testing Crucial Resistance Ethereum (ETH) is trading at $3,950, struggling to break above the crucial $4,000 resistance level for several days. Despite this, the price remains resilient, signaling strong market support. Clearing this level is essential to confirm the continuation of the uptrend, as $4,000 represents a psychological barrier and a key resistance zone for the asset. If Ethereum fails to breach the $4,000 mark, a retrace toward lower demand zones around $3,500 could be expected. This level has served as strong support in recent weeks, providing a cushion during periods of increased selling pressure. A pullback to this area could allow for renewed buying momentum, setting the stage for another attempt to break higher. Related Reading: Dogecoin Will See New ATH Soon – Top Trader Sets $2 Target However, recent market dynamics suggest Ethereum may be poised for a significant move upward. Bitcoin’s surge into price discovery and growing optimism around altcoins have created a bullish environment. With whales continuing to accumulate ETH, as highlighted by on-chain data, market participants are increasingly confident in Ethereum’s ability to retest and surpass its all-time highs. Featured image from Dall-E, chart from TradingView
Bitcoin, Ethereum, and other digital assets to close 2024 on a high, with year-to-date inflows reaching a record $44.5 billion. According to a CoinShares report, inflows continued for the 10th week, led by Bitcoin’s $2 billion weekly inflow and Ethereum’s $1.089 billion weekly inflow. The report underlined strong trading activity, with digital asset exchange-traded products averaging $21 billion in weekly volumes. iShares ETFs saw over $2 billion in inflows over the past week, while Fidelity recorded $598 million in inflows. Grayscale investment ETFs are still recording major outflows, getting $145 million in outflows over the past week. Bitcoin and alts to close the year on a high Bitcoin , Ethereum, and other digital assets recorded year-to-date inflows of $44.5 billion as 2024 concludes. CoinShares reports that the 2024 figure is more than four times the amount of any previous year. With Bitcoin sustaining a record peak, digital asset inflows continued for the 10th consecutive week with $3.2 billion worth of inflows. Bitcoin investments led to inflows of $2 billion last week, as per CoinShares. The positive trigger was the US elections, which have increased the total inflows to $11.5 billion since then. Ethereum also performed well, with its seventh straight week of $1 billion inflows. Its seven-week total reportedly surpassed $3.7 billion. XRP, Polkadot, and Litecoin also saw notable inflows, reflecting growing optimism around potential ETFs and altcoin interest. The report also notes that the trading volumes for digital asset exchange-traded products (ETPs) have averaged $21 billion weekly. It accounted for 30% of Bitcoin trading on trusted exchanges. Meanwhile, Bitcoin’s daily trading volume averaged $8.3 billion, double that of the FTSE 100. Most regions globally also recorded significant flows, with the U.S. leading with over $3.1 billion in weekly flows. Switzerland, Germany, and Brazil also received $35.6 million, $32.9 million, and $24.7 million in weekly flows, respectively. Sweden still recorded negative flows this year, with $19 million, $37.9 million, and $630 million in negative weekly, monthly, and yearly flows, respectively. Multiple cryptocurrencies, including Bitcoin, Ether, and Chainlink, have also recorded positive price action this week. Bitcoin tested a new all-time high today, reaching $107,780 and trading at $107,400 at the time of writing. ETH’s price has increased by over 5% in the past 24 hours and about 6.5% in the past week. Institutional adoption contributes to positive crypto performance #BTC breaks $100K again today, with more institutional interest and industry builders, the trends for #crypto adoption is inevitable. #Bitcoin price performance in December over the past 14 years has most often shown a pattern of positive growth, especially after each halving… pic.twitter.com/YddswtGGzs — Vijay | bitsCrunch – $BCUT (@VijayPravinM) December 12, 2024 Multiple reports, including a recent OKG Research report, have indicated an increase in global institutional crypto adoption, with more global companies opening up their investments in crypto. Several custodial services have also been offering more crypto investment products, with the most notable being this year’s approval for Bitcoin and Ether spot ETFs. Recent CryptoQuant data has also indicated an increase in ETF holdings. Wall Street asset management companies have further been exploring more crypto options. Grayscale, MicroStrategy, and BlackRock are now some of the top global BTC holders. MicroStrategy’s latest moves to increase its BTC holdings have significantly triggered a more bullish outlook for crypto. A Bitcoin Suisse prediction for crypto for 2025 confirmed that more companies and governments may be set to adopt more crypto utilities and monetary policies in the coming year. Bitcoin Suisse explained that the conditions would fuel BTC and other cryptocurrencies. The prediction further suggested that the long-awaited alt-season will become full-blown in the first quarter of 2025. Several analysts, including CryptoQuant’s CEO Ki Young Ju, also expect that cryptocurrencies will continue on an upward trend until the end of the year. Young Ju predicted that BTC would reach $112,000 by the end of the year and over $135,000 in 2025. Other predictions have reportedly highlighted that altcoins, including ETH, will follow BTC’s upward trend. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin prices continued their strong, upward trend on Monday, December 16, setting a new record as they climbed past $105,000.
Ethereum price started a decent increase above the $3,950 zone. ETH is consolidating gains and might aim for a move above the $4,150 resistance zone. Ethereum started a decent increase above $3,950 and $4,000. The price is trading below $3,980 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $4,080 and $4,120 resistance levels. Ethereum Price Regains Momentum Ethereum price remained stable and extended gains above $3,880 but it underperformed Bitcoin . ETH was able to climb above the $3,980 and $4,000 resistance levels. The bulls pushed the pair above the $4,050 and $4,080 resistance levels. A high was formed at $4,107 before there was a pullback. There was a minor decline below the $4,000 level. The price traded as low as $3,946 and is currently rising . There was a move above the 23.6% Fib retracement level of the downward move from the $4,107 swing high to the $3,946 low. Ethereum price is now trading above $4,000 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,940 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $4,025 level. The first major resistance is near the $4,070 level or the 76.4% Fib retracement level of the downward move from the $4,107 swing high to the $3,946 low. The main resistance is now forming near $4,120. A clear move above the $4,120 resistance might send the price toward the $4,250 resistance. An upside break above the $4,250 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,350 resistance zone or even $4,500. Downside Correction In ETH? If Ethereum fails to clear the $4,120 resistance, it could start another decline. Initial support on the downside is near the $3,980 level. The first major support sits near the $3,940 zone. A clear move below the $3,940 support might push the price toward the $3,880 support. Any more losses might send the price toward the $3,800 support level in the near term. The next key support sits at $3,750. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,940 Major Resistance Level – $4,120