According to recent data from Coinglass, as reported by COINOTAG, significant pressure is mounting on the Bitcoin market. If Bitcoin surpasses the pivotal threshold of $107,000, mainstream cryptocurrency exchanges (CEX)
It took bitcoin just over ten days to reestablish its presence in the market by skyrocketing to a new all-time high, this time of well over $106,000. It went up, down, and up again in the past 12 hours or so, leaving over $300 million in liquidations, but one particular order stands out as the largest. Data from CoinGlass shows that the primary cryptocurrency’s rally has wrecked nearly 100,000 traders in the past 24 hours. However, the biggest single liquidated position took place on Binance and involved the BTC/USDT trading pair. The total value was a whopping $19.86 million, which the whale lost during the volatile ride. Although it sounds as if it was likely from a short position, BTC also retraced by about two grand immediately after the latest peak, which could cast some doubt on whether it could have been a trader expecting further gains. After all, just over 51% of the liquidations on Binance were for shorts. Nevertheless, these developments only go to show that traders should be wary when opening over-leveraged positions in the current volatile environment. Liquidation Heat Map. Source: CoinGlass Aside from BTC, which has extended its dominance over the market, many larger-cap alts have posted some gains as well over the past 24 hours. These include ETH, SOL, DOGE, ADA, AVAX, and TON are up by around 2-3% each. SUI have jumped the most from the larger caps, having gained 9% and trading close to $4.8. The post Bitcoin’s Rally to New All-Time High Above $106K Liquidates This Massive Whale appeared first on CryptoPotato .
The post Crypto Market Today (Dec 16, 2024): Bitcoin Hits New ATH Above $106k | Market Goes “Extreme Greed” appeared first on Coinpedia Fintech News The crypto market today has commenced its trade on a bullish note, with Bitcoin price hitting a new ATH above $106k. This feat has led to the industry’s market cap shooting up 1.72% to $3.7 trillion. The fueling optimism has resulted in the trading volumes jumping 24.55% with the numbers at $159.63 billion. The positive market sentiments are evident with the Fear & Greed meter hitting an extreme greed score of 80. Bitcoin Breaks All Previous Records, Creates New ATH Bitcoin continues to single-handedly lead the market’s greenish numbers. After claiming a new all-time high of $106,488.25 a couple of hours ago, BTC is currently changing hands at $104,980.21. This came with the intraday trading volumes surging 61.86% to $62.53 billion. BTC’s new benchmark has instilled hopes of it claiming $110k by the year-end. Curious about where the Bitcoin price is heading next? Read our Bitcoin (BTC) Price Prediction for potential price targets! Altcoins Today: ETH, SOL Spike Up, While XRP Slips The top altcoins today have posted mixed sentiments on their charts. While Ethereum’s price rose by 2.03% to $3,968.67, Solana saw a rather bland gain of 1.29% with its price at $222.59. XRP on the other hand, slipped by 1.08% to $2.41. However, the market did witness some action with gainers and losers from the top 100. For a deeper dive into Ethereum’s potential, check out our latest Ethereum Price Prediction . Top Gainers & Losers: Among the top 100 cryptos, Ondo led the pack, surging 14.57% to $2.10. It was followed closely by Fantom (FTM), which gained 14.32%, and VIRTUAL, which climbed 13.65%. On the losing side, KuCoin Token (KCS) fell by 7.95%, Kaia slipped by 6.84%, and Curve DAO Token (CRV) sunk by 5.47%. Interested in staying ahead of the market curve? Subscribe to us, for timely updates on the latest crypto news and crypto prices. FAQs How much is the global cryptocurrency market cap today? The total global cryptocurrency market cap stands at $3.7 trillion, up 1.72% in the last 24 hours. Which cryptocurrencies gained the most today? Ondo (+14.57%), Fantom (+14.32%), and VIRTUAL (+13.65%) were the top gainers. What is the current Fear & Greed Index score? The Fear & Greed Index currently stands at 80, signaling “Extreme Greed.”
Bitcoin (BTC) set a fresh record above $106,000 earlier Monday, with traders now targeting the $120,000 level as the asset moves into the second half of a seasonally bullish December. Recent catalysts that have supported growth in BTC include increased speculation of U.S. president-elect Donald Trump creating a federal bitcoin reserve, and crypto companies such as Riot Platforms and MicroStrategy purchasing billions worth of the asset in past weeks. Optimism in U.S. policies are driving bitcoin ETFs inflows higher, contributing to increased prices, some point out. “TradFi inflows now dominate all sentiment and price action in BTC unlike any other prior crypto cycle before,” shared Augustine Fan, head of insights at SOFA, in a Telegram message to CoinDesk. “This influence will only grow as more and more traditional firms finally need to have a digital asset policy given the immense revenue opportunities and sea-change in the political environment.” Recent price action has shown bitcoin forming higher lows, indicative of a sustained uptrend. The formation of a bull flag or a bullish continuation pattern after recent highs could signal further upward movement. This month tends to be historically bullish for bitcoin in a move that’s colloquially termed the "Santa Claus Rally." Data from the past eight years shows that bitcoin ended December in the green six times since 2015, running at least 8% to as much as 46% (in the outlier year of 2020). Seasonality is the tendency of assets to experience regular and predictable changes that recur every calendar year. While it may look random, possible reasons range from profit-taking around tax season in April and May, which causes drawdowns, to the generally bullish November and December, a sign of increased demand ahead of holiday season. Meanwhile, some traders are now targeting the $120,000 level and above for BTC in the coming year. “We think bitcoin still has tremendous upside potential and could easily hit the $125k mark by the end of 2025,” Jeff Mei, COO at crypto exchange BTSE, said over Telegram. “While some say the upside has already been priced in over the last month or so, we think the rally is just getting started.” “This is because it takes time for institutions, family offices, and high-net-worth individuals to warm up to the idea of allocating 1%-3% of their portfolios to bitcoin and crypto as a whole. Once that happens, crypto inflows could skyrocket. And given Trump's pro-crypto appointments, continued rate cuts, and stimulus spending from China, there are a lot of reasons to be bullish,” Mei added.
Charles Hoskinson is reshaping Bitcoin’s DeFi future with bold innovations, while Rollblock offers early backers exciting features. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Charles Hoskinson is reshaping Bitcoin’s DeFi future with bold innovations, while Rollblock offers early backers exciting features. Table of Contents Charles Hoskinson’s DeFi vision Bitcoin’s $23 billion accumulation wave Cardano’s multichain leap Rollblock is making waves Charles Hoskinson, the creator of Cardano, has provided insight into the next developments within Bitcoin’s DeFi ecosystem. Envision a combination of Bitcoin’s capabilities with cutting-edge DeFi tools—that is the vision. Hoskinson said that his business, Input Output Global (IOG), would collaborate with Fairgate Labs to achieve this, ditching BitcoinOS. As an early supporter of Rollblock , this could mean thrilling prospects to capitalize on Bitcoin-driven DeFi. Read on to find out more. Charles Hoskinson’s DeFi vision Charles Hoskinson is shaking things up again. The Cardano founder just announced plans to build a cutting-edge DeFi ecosystem for Bitcoin. This shift promises a fresh approach to bringing decentralized finance to the Bitcoin network, and if users are backing Rollblock, they’re in for some serious perks as these innovations unfold. For starters, Rollblock’s secure and private transactions mean interactions and trades are encrypted, keeping everything safe and confidential. It’s like having your own vault for crypto activities, perfect for navigating the DeFi space. Then, there’s the multicurrency staking feature. Whether users are Bitcoin loyalists, Ethereum enthusiasts, or Dogecoin fans, Rollblock lets users stake their assets and earn rewards across multiple blockchains. With its 9th presale raising over $7 million and trading at $0.0415, it’s clear Rollblock is attracting attention. To top it all off, Rollblock periodically burns tokens, creating scarcity and driving up value. For early backers, that means every move Rollblock makes is designed to grow users’ stakes. With Charles Hoskinson’s DeFi vision and Rollblock’s features, the future is bright, and profitable. You might also like: Analysts expect more gains for SOL but flag Arbitrum, Rollblock as strong competitors Bitcoin’s $23 billion accumulation wave Bitcoin is making waves with a massive $23 billion accumulation, solidifying the $96,000–$100,000 range as a key support zone. In just two weeks, 245,000 BTC have been added to this range, showcasing strong investor confidence. The Cost Basis Distribution (CBD) highlights $99,559 as the largest accumulation zone, with 125,000 BTC purchased for just under $100,000. This activity reflects optimism for Bitcoin’s future as investors position themselves for potential upward moves while maintaining a solid foundation in the current range. Cardano’s multichain leap As we stated earlier, Charles Hoskinson announced the incorporation of Midnight, a privacy-focused sidechain, into Cardano. This will make Cardano a multichain environment that integrates Ethereum and Solana. Midnight’s zero-knowledge technology lets users communicate with dApps while protecting their data, an innovation poised to reshape DeFi. On the flip side, Cardano has dropped 17% recently, driven by whale sell-offs and profit-taking. As large holders reduce their positions, ADA’s price may struggle to stay above $1. Charles Hoskinson’s DeFi vision might be the spark Cardano needs to shoot to new highs. Rollblock is making waves As the DeFi space evolves, Rollblock is positioning itself as a true game-changer, with features like multicurrency staking, privacy, and play-to-earn perks. While other tokens, like Cardano, continue to innovate, Rollblock’s early backers stand to benefit the most. To learn more about Rollblock, visit the website and its socials. Read more: BNB targets $800, Avalanche eyes ATH, while Rollblock presale hits new highs Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
The post Bitcoin, ETH, & XRP Price Prediction For This Week: What’s Next As BTC Price Hits $106k? appeared first on Coinpedia Fintech News The cryptocurrency market has achieved a new high by hitting a market capitalization of over $3.7 Trillion. With this, Bitcoin price today has achieved a new all-time high of $106,488.25 during the early Asian market hours. This highlights a strong bullish sentiment in the crypto space. With the present market sentiment turning extremely greedy, is this a good time to invest in Bitcoin, Ethereum, & Ripple? Dive in as, in this article, we have covered the short-term price prospects of the top 3 cryptocurrencies by market capitalization. Bitcoin (BTC) The Bitcoin price has added 2.23% in 24 hours with a trading volume of $62.123 billion. This has resulted in the BTC price achieving a new ATH of $106,488.25 today. Moreover, it has jumped 5.83% in seven days and 14.67% over the last 30 days. TradingView: BTC/USDT The Simple Moving Average (SMA) has supported the Bitcoin price in the daily chart. On the other hand, the MACD indicator records a constant red histogram, highlighting a mixed price sentiment in the crypto market. If the bullish sentiment sustains, the BTC price could head toward its target price of $110,000 during the upcoming time. On the contrary, if a bearish reversal occurs, the star crypto could retest its $100k mark. To find out answers to questions like how high can Bitcoin price realistically go? Read Bitcoin price prediction until 2030! Ethereum (ETH) The ETH coin price has maintained its bullish price action by adding ~2% to its valuation over the past day. Further, it has surged 26.84% over the last 30 days and has a YTD return of +73.88%. TradingView: ETH/USDT The Relative Strength Index (RSI) is on the path of experiencing a bullish convergence in the 1D time frame. Moreover, with its SMA indicator recording a bullish rise, the Ethereum price may continue gaining value this week. If the market favors the bulls, the ETH price could reclaim the $4,000 mark. Moreover, if the bullish sentiment intensifies, this could push the price of this altcoin toward its $4,500 level. Conversely, if the bears outrun the bulls, the price could retest its $3.7k level. Considering buying the ETH tokens before it hits $5000? Read Ethereum price prediction to uncover the long-term mysteries! Ripple (XRP) Despite recording a bearish price action over the past week, the XRP coin price has surged 146.68% over the last 30 days. Furthermore, with a Year-to-Date return of +291.52%, this altcoin has outperformed top tokens this year. TradingView: XRP/USDT The Moving Average Convergence Divergence (MACD) displays a rising red histogram in the 1D time frame. With a bearish crossover in its averages and a negative SMA indicator, the XRP price hints at a negative action this week. Suppose, the bullish sentiment sustains, in that case, the Ripple price will surpass its $2.5 mark and head toward its $3 mark this week. However, if the bears regain dominance, the XRP coin price could drop toward its low of $2 this month. To find out if the Ripple price will hit $5 this crypto bull run, Read our XRP Price Prediction . Also, subscribe to CoinPedia to stay updated on the latest cryptocurrency news first! FAQs Is BTC a buy or sell? With the dominance of Bitcoin increasing to 55.98%, the largest cryptocurrency by market cap is highly bullish. Why crypto market is up today? Amid increased bullish sentiment and rising adoption, the crypto market has added over $150 billion to its valuation over the past weekend. How much will 1 XRP be worth in 2030? If the bullish sentiment sustains and the project witnesses increased adoption, in that case, a single XRP token could reach a maximum price of ~$10 by 2030.
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Bitcoin reached an all-time high on Monday after institutional interest in the digital currency spiked as President-elect Donald Trump confirmed plans for Bitcoin reserve. Bitcoin ( BTC ) reached an all-time high of $106,488.25 at 12:40 AM UTC after ascending for 25 minutes straight. This hike follows the former U.S. President Donald Trump’s announcement at the New York Stock Exchange on Dec. 12 to create a U.S. Bitcoin strategic reserve. Trump’s remarks , intended to ensure the U.S. maintains an advantage over global rivals, have spurred investor excitement and propelled market momentum. Speaking to CNBC, Trump said, “ We’re gonna do something great with crypto … we want to be ahead. ” You might also like: Bitcoin surpasses $103k as Metars Genesis surges 80%, Galxe rallies 50%, Shiro Neko jumps double digits This momentum was evidently reinforced by Republican Senator Cynthia Lummis’ BITCOIN Act, which aims to have the U.S. purchase 1 million BTC over the next five years to combat the $35 trillion national debt. This narrative is gaining global momentum, as Russia is contemplating a Bitcoin strategic reserve after President Vladimir Putin said BTC cannot be banned. In addition to that, Anton Tkachev, a Russian Finance minister, also suggested establishing a strategic Bitcoin reserve in order to solve the issue of sanctions placed on the country. MicroStrategy, a major corporate holder of Bitcoin, bought 21,550 BTC for $2.1 billion, raising its overall holdings to 423,650 BTC. The company has also been listed on Nasdaq 100 and will be open to the public from Dec. 23. Michael Saylor calls on the US Government to sell all of its gold and buy #Bitcoin . pic.twitter.com/G25G6uXHOf — Watcher.Guru (@WatcherGuru) December 15, 2024 You might also like: Bitcoin ETFs hit $50b milestone, MicroStrategy expands holdings, Avalanche raises $250m | Weekly Recap FOMO, or fear of missing out, an opportunistic sentiment running among investors, has been at an apex after the U.S. Spot Bitcoin ETFs achieved a total cumulative net inflow of more than $50 billion in a year. Bitcoin hashrate hits record highs Bitcoin miners’ cumulative revenue surpasses $72 billion as of 2024, driven by rising transaction fees and sustained price growth, highlighting the network’s profitability and growing economic impact. | Source: crypto.news On-chain, Bitcoin network hashrate has soared to record levels on the miner side. According to hash rate data from Glassnode, hash rates soared from 128 EH/s to more than 804 EH/s, with 37% of the total computational activity carried out in 2024 alone. Bitcoin’s strong network security and economic incentives have pushed miners to earn $71.49 billion in revenue cumulatively. Read more: FASB’s Fair Value accounting rules for Bitcoin will officially take effect today
Bitcoin reached an all-time high on Monday after institutional interest in the digital currency spiked as President-elect Donald Trump confirmed plans for Bitcoin reserve.