Billy Markus, popularly known as Shibetoshi Nakamoto, the creator of Dogecoin, recently revealed his top five cryptocurrencies. His list includes Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and Solana (SOL), each chosen for a specific reason. Dogecoin: A Personal Favorite Markus naturally included Dogecoin, the cryptocurrency he created in 2013 as a lighthearted parody … Continue reading "Dogecoin Creator Billy Markus Shares His Top 5 Cryptocurrencies" The post Dogecoin Creator Billy Markus Shares His Top 5 Cryptocurrencies appeared first on Cryptoknowmics-Crypto News and Media Platform .
Bitcoin briefly crossed $106,000 overnight after it was announced on Friday that the Nasdaq 100 index will be adding MicroStrategy.
Bitcoin‘s surge past $106,000 for the first time in history prompts predictions for a further rally toward $120,00 and beyond.
Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.S. In a recent post, CZ shared a headline that showed…
Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.S. In a recent post, CZ shared a headline that showed how a Japanese lawmaker was pushing for the creation of a national strategic Bitcoin ( BTC ) reserve. He posted the headline along with a sarcastic caption of “probably nothing…” accompanied by a laughing emoji. The crypto industry figurehead linked the post to a previous one he made in early December with the same caption. The post showed a similar move that happened in Russia , when a lawmaker suggested the creation of a strategic Bitcoin reserve in light of current geopolitical issues. CZ’s post seemingly hints at a growing global trend, where people are starting to urge their governments to form Bitcoin reserves, ultimately following in America’s footsteps. https://twitter.com/cz_binance/status/1868118429749899762?s=61&t=Goh7F7TZjoAVMq_tusVLpw Many X users were quick to comment under CZ’s post, expressing their certainty that Bitcoin domination was evidently happening across the globe after President-elect Donald Trump confirmed his plans to build a Bitcoin reserve. “Imagine the space race equivalent when countries start buying BTC as a reserve currency,” wrote @Cryptoking on X. “We love to see progress in the space!” wrote @FEGtoken in another comment. You might also like: Bitcoin hits $106K, an all-time high fueled by Donald Trump’s intention to do “great with crypto” On Dec. 11, a Japanese lawmaker — ironically named Satoshi Hamada — submitted questions for the government, asking whether they would consider forming a national Bitcoin reserve. Hamada directly referred to the U.S. government’s efforts to introduce a strategic Bitcoin reserve in the country, claiming that such a move could add a “tremendous amount of power” to the markets. “Should Japan also introduce a system to convert part of its foreign exchange reserves into crypto assets such as Bitcoin?” asked Hamada in his translated submission . As reported by crypto.news earlier this month, Anton Tkachev, state deputy of Duma, Russia urged the government to consider creating a Bitcoin strategic reserve in the country. In Tkachev’s proposal, he stated that Bitcoin would not only serve as a currency but also as an alternative asset for storing national funds. He argued that Bitcoin was not impacted by inflation nor cross-border sanctions, unlike the traditional currencies. Brazil’s Congress joined the race early on in Nov. 26, when Brazilian legislators in the Chamber of Deputies proposed a Bitcoin bill that would limit Brazil’s reserves to approximately $18.5 billion worth of Bitcoin. Regulators also recommended allocating 5% of the nation’s $370 billion treasury to the Bitcoin strategic reserve. Since the start of his presidential campaign, Trump has vowed to create a national Bitcoin reserve. After his presidential win, Senator Cynthia Lummis reaffirmed Trump’s plans to create a strategic Bitcoin Reserve in the U.S. A number of states across America have also been inching towards establishing Bitcoin reserve bills, including Texas, Alabama and Pennsylvania among others. The Canadian city of Vancouver also recently jumped on the wagon with councilors voting in favor of Mayor Ken Sim’s “Bitcoin-friendly” motion, which included converting a portion of Vancouver’s current financial reserve. You might also like: Bitcoin reserve bill introduced in Brazil’s Congress
The post Crypto Bull Run 2025: What’s Next for Bitcoin and Altcoins? appeared first on Coinpedia Fintech News The cryptocurrency market is gearing up for an exciting 2025, with Bitcoin (BTC) leading the charge and altcoins set to follow in its wake. After hitting a new high above $106,000 recently, Bitcoin continues to show strength, signaling the possibility of further growth into the new year. What To Expect In 2025 As we move into 2025, the cryptocurrency market shows strong signs of a continued bull run. Q4 is usually a good time for Bitcoin, with a typical rally at the year’s end. However, some experts believe the “Santa Claus rally” may not be as significant for those focused on global trends and liquidity. In the past, Bitcoin has rallied into December, followed by a pullback in January. These dips are often short-lived, and Bitcoin has continued to rise after. Many believe this pattern may repeat in 2025, with a possible dip in January before another rally in Q1 and Q2. On the other hand, some analysts even expect the market to slow down by summer, but it remains uncertain. A pullback in early 2025 could test support levels around $88,000 or $80,000, but overall, the bullish sentiment remains strong. Bitcoin Price Eying For $120K Bitcoin’s recent price surge beyond $106,000 has attracted both retail and institutional investors. With expectations of Bitcoin reaching new highs in the coming months, the end-of-year rally could continue into Q1 2025, as we’ve seen in the past. Meanwhile, Bitcoin could rise to $114,000 or even $120,000, according to analysts using Fibonacci levels for price predictions. Altcoin Market To Thrive The altcoin market is also showing strong signs of growth, with the total market cap already surpassing $1.5 trillion its all-time high from 2021. This signals a positive outlook for altcoins heading into 2025. Ethereum, in particular, is poised for a breakout, especially with Ethereum ETFs that could drive institutional interest. Out of the top 50 altcoins, 31 have already outperformed Bitcoin over the past 90 days. However, the Altcoin Season Index is currently at 63, indicating that the Altcoin season hasn’t fully started yet. As Bitcoin continues its rally, altcoins are expected to follow suit, potentially leading to major gains in the altcoin space.
The Federal Reserve has been warned its "biggest nightmare" could come true in 2025...
Bitcoin ($BTC) may have topped for now at a price of $$106,500. As the king of the cryptocurrencies starts to run out of steam, the altcoins are beginning to feel the effects of this new wind change. What’s next for Ethereum ($ETH), Solana ($SUI), and Sui ($SUI)? It really does look like gravity is starting to have its effect on the price of Bitcoin. Most indicators are now showing a very overbought condition, and therefore it is likely that a correction could be about to happen. So what about the altcoins when/if this takes place? Market wisdom so far in this bull market is that whenever $BTC drops in price, the altcoins do the same, but at a more accelerated pace. Could things be different this time? There is the possibility that as Bitcoin potentially tracks down and sideways for a time, the altcoins could take the opportunity for a bit of an altseason surge. Bitcoin Dominance breakdown about to be confirmed? Source: TradingView The Bitcoin Dominance chart (BTC.D) shows a real tussle right now. Dominance rose above the top trendline of the wedge at one point, then fell all the way through the wedge, and is now creeping back up to perhaps test the bottom trendline. If a strong rejection takes place, that would be the signal perhaps for altcoins to have some fun. $ETH bulls need to hold $3,900 Source: TradingView The $ETH price is at a very important juncture. If the price can hold above what is now extremely strong support at $3,900, there is the possibility that this could be the new base support for the rest of this bull market. In the short term price action, the price may well go lower, but holding the support at the weekly close is the aim. Last week’s hammer candle with a huge wick to the downside is a sign that there may well be plenty of upside to come. This week’s price action could be critical. $SOL heading back to very strong $202 support level Source: TradingView The $SOL weekly chart looks fairly straightforward. The price is within a bull flag, although it looks as though the price may well revisit the very strong horizontal support at $202 before making the next upward bid. This could result in $SOL finally breaking through the top of the bull flag and heading much higher. $SUI rejected at 2.618 Fibonacci Source: TradingView The $SUI price really took off in early November, once the cup and handle pattern was confirmed. Only now, at the 2.618 Fibonacci for the entire $SUI price action, has it been rejected. Looking at the Fibonacci levels just for this upward move, it can be seen that $3.97 and $3.70 are decent possibilities as targets for this reversal. Looking at the worst case scenario, If the price falls below $2.98, this could signal the end of the upward trend. Otherwise, this is likely just a healthy correction. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The cryptocurrency market is reaping the rewards of a long-awaited bull run — one that kicked off in early November following the re-election of Donald Trump to the presidency. While it wasn’t completely smooth sailing, with the leading digital asset hitting several speed bumps on its way to $100,000, Bitcoin ( BTC ) has now surpassed that mark, and was trading at approximately $104,807 by press time on December 16. Over the last week, BTC has seen prices rise by 6.52% — bolstering monthly returns to 14.78% and year-to-date (YTD) gains up to 146.81%. BTC price weekly chart. Source: Finbold There are a lot of favorable tailwinds at play as we draw closer to the end of the year. A favorable regulatory environment is expected going forward, and the creation of a strategic Bitcoin reserve would go a long way in cementing the cryptocurrency’s role as an authentic store of value. Investor activity is also showing signs of a strong, robust uptrend — with volume having experienced a sustained rise since the beginning of November. While the actions of retail investors should never be underestimated, it’s the undertakings of large market participants — hedge funds, institutional investors, and banks, that have a much more pronounced effect on price action. This point is increasingly relevant as Bitcoin continues to see accelerated institutional adoption and mainstream appeal. Now, one cryptocurrency analyst has pointed out that the number of whales — accounts in this case holding more than 100 BTC, has skyrocketed since early November. Thousands of BTC whales have entered the market It cannot conclusively be stated that these were investments made by institutions — however, seeing as how Bitcoin prices have ranged from approximately $67,000 at the beginning of the rally to $104,807 at press time, buying 100 BTC would have required between $6,700,000 and $10,480,700. And transactions of this caliber have indeed skyrocketed — the number of addresses holding more than 100 BTC has increased from roughly 16,400 at the beginning of the rally to approximately 17,600, as explained by cryptocurrency expert and on-chain analyst Ali Martinez in a December 15 X post . Chart detailing the number of BTC whales. Source: Ali Martinez on X Beyond the scale of these addresses, how numerous they’ve become is also notable — suggesting that this is, after all, an influx of either institutional investors or high-net-worth individuals entering the market Readers should note, that while there is no set definition of a ‘whale’ in the cryptocurrency market, the term is generally used to refer to addresses holding more than 1,000 BTC — whereas Martinez used a significantly lower cutoff point of 100 BTC. However, the influx still constitutes a strong bullish signal — as analysts are eyeing price targets as high as $150,000 or $250,000 for 2025, this degree of optimism only serves to bolster the case that BTC is set for another year of stellar gains. Featured image via Shutterstock The post Number of Bitcoin whales go ‘parabolic’ since Trump won election appeared first on Finbold .
The Crypto Fear & Greed Index , a key sentiment indicator for the cryptocurrency market, climbed to 83 on December 16, 2024, remaining firmly in the “Extreme Greed” zone. The index, up three points from the previous day, signals heightened optimism among investors as market momentum and trading volumes improve. With a range from 0 (Extreme Fear) to 100 (Extreme Greed) , the index captures the prevailing sentiment in the crypto market, offering valuable insights into potential investor behavior. What is the Crypto Fear & Greed Index? The Crypto Fear & Greed Index , developed by Alternative , measures market sentiment by analyzing six key factors: Factor Weight What It Reflects Volatility 25% Measures price fluctuations and fear in the market. Market Momentum/Volume 25% Assesses trading activity to gauge confidence. Social Media 15% Tracks mentions, engagement, and sentiment on platforms. Surveys 15% Collects opinions from investors to evaluate sentiment. Bitcoin Dominance 10% Indicates Bitcoin’s share of the total crypto market. Google Trends 10% Monitors search interest in cryptocurrency-related terms. The resulting score serves as a sentiment barometer, guiding investors on market conditions. Why is the Index in the “Extreme Greed” Zone? 1. Rising Market Momentum and Volume The recent surge in trading activity and price movements, particularly for Bitcoin and Ethereum, has strengthened investor confidence, pushing the index higher. 2. Improved Sentiment on Social Media Increased mentions of bullish terms and positive engagement across platforms like Twitter and Reddit have contributed to the index’s rise. 3. Bitcoin’s Stability and Dominance While Bitcoin remains stable above critical support levels, its dominance over altcoins has provided a sense of security for investors, further fueling optimism. Understanding the Zones of the Index Zone Score Range Market Implication Extreme Fear 0–24 Market panic; potential buying opportunity. Fear 25–49 Bearish sentiment; investors are cautious. Neutral 50 Balanced sentiment; no clear direction. Greed 51–74 Bullish sentiment; market showing confidence. Extreme Greed 75–100 High optimism; potential for overvaluation. Currently, the index’s 83 score indicates heightened greed, suggesting potential short-term market risks despite the bullish sentiment. What Does “Extreme Greed” Mean for Investors? While a high Fear & Greed Index signals positive sentiment, it also raises cautionary flags: 1. Potential Overvaluation Markets in “Extreme Greed” territory are often overbought, increasing the likelihood of corrections. 2. FOMO Among Investors Fear of missing out (FOMO) can drive irrational decision-making, leading to price spikes that may not be sustainable. 3. Short-Term vs. Long-Term Outlook While the index reflects short-term enthusiasm, investors should remain aware of long-term fundamentals to avoid hasty decisions. How to Use the Crypto Fear & Greed Index The index serves as a helpful tool for assessing market sentiment and planning investment strategies: For Cautious Investors Use high scores (Extreme Greed) as a signal to consider taking profits or diversifying holdings. For Opportunistic Buyers Low scores (Extreme Fear) may present buying opportunities , as they indicate market undervaluation. As a Complementary Tool Combine the index with technical and fundamental analysis for a comprehensive market view. Conclusion The Crypto Fear & Greed Index’s climb to 83 highlights a surge in investor confidence, fueled by strong market momentum and improved sentiment. However, the current “Extreme Greed” zone serves as a reminder for investors to proceed cautiously and consider potential market corrections. As December progresses, monitoring the index alongside broader market developments will be crucial for making informed decisions in this dynamic environment. To stay updated on cryptocurrency trends and sentiment analysis, explore our article on latest news , where we uncover the most significant market insights shaping the crypto landscape.