The cryptocurrency market is witnessing turbulence, with Shiba Inu (SHIB) experiencing notable pressure as sellers dominate recent trading sessions. As reported by CoinStats, the SHIB price has declined significantly, reflecting
Prominent Bitcoiner Saylor reacts as Bitcoin plunges 3.77% today, depriving its market capitalization of $2 trillion
The US stock market seems to be reviving after a period of intense sell-off, courtesy of the Federal Reserve. GameStop (GME) popped more than 4% today, extending their winning streak to four straight days. This comes after a Christmas post by retail investor icon Keith Gill “Roaring Kitty” that sent the stock soaring, continuing its wild 2024 run. The video game retailer has skyrocketed over 77% this year, making it one of the most watched stocks in the market right now. The surge has caught the attention of traders, adding even more fuel to the already hot market. Crypto-linked stocks, however, didn’t have the same luck. MicroStrategy, Coinbase, and Riot Platforms all slid as Bitcoin took a nosedive. MicroStrategy, often seen as a Bitcoin proxy, fell about 3%, while Coinbase dropped 2%, and Riot Platforms pulled back more than 2%. Bitcoin itself was down 3% as of press time. MicroStrategy doubles down on Bitcoin buys MicroStrategy just dropped another $561 million to add to its massive stash. That makes seven weeks in a row of nonstop purchases, with the latest round coming at an average price near Bitcoin’s record highs last week. They’ve even announced plans to issue more shares, all so they can load up on even more Bitcoin. Despite the dip today, Bitcoin’s 135% gain this year has completely obliterated the returns on gold and global stocks. But don’t get too comfortable. Traders are bracing for wild swings ahead, thanks to the looming expiration of massive Bitcoin and Ether derivatives contracts. The broader crypto market wasn’t spared either, with tokens like Ether, Solana, and Dogecoin down around 3%. While Bitcoin slid, stock futures followed suit. The Dow Jones Industrial Average futures dropped 150 points, and both the S&P 500 and Nasdaq 100 futures fell 0.3%. Markets were closed on Wednesday for Christmas, but Thursday morning trading made it clear that the holiday cheer was wearing off. Santa Claus rally loses a bit of steam The Santa Claus rally, a period famous for its market optimism, is still alive—but just barely. The S&P 500 has climbed 1.8% this week, while the Nasdaq surged 2.3%, thanks to major tech players like Tesla, Apple, and Alphabet. The Dow, however, only eked out a 1% gain. For context, the S&P 500 usually averages a 1.3% return during this end-of-year stretch, dwarfing its typical weekly gain of 0.3%. Jobless claims added some tension to the holiday trading buzz. Claims for the week ending December 21 came in at 219,000, below the 225,000 estimate. But continuing claims—those applying for benefits week after week—hit 1.91 million, the highest number since November 2021. Zooming out, the S&P 500 is barely hanging onto a 0.1% gain for December. The Nasdaq has done far better, up 4.2% for the month, while the Dow is down 3.6%, on track for its worst monthly performance since April. If the Dow can hold steady, it could snap a three-week losing streak—the longest it’s had since March. The market mood in a word? Uneasy. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Crypto analyst Trade PSH has revealed the major Bitcoin support levels to watch out for as BTC bulls push for a rally to the psychological $100,000 level. The analyst also mentioned what price levels Bitcoin could reach in the short term as it breaks above $100,000. Bitcoin Support Levels To Watch Out For As Bulls Push For $100,000 In a TradingView post, Trade PSH stated that the local maximum is $99,450 as bulls are repeatedly trying to push the price above $100,000. The crypto analyst also mentioned that the nearest key support zone comes in between $95,000 and $96,600. This aligns with a recent Bitcoinist report that highlighted the $96,000 level as a crucial support zone. Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How While the Bitcoin price is moving above this support zone, Trade PSH stated that the primary scenario is continued growth for the flagship crypto. If Bitcoin maintains an uptrend and eventually breaks above the psychological $100,000 level, the crypto analyst predicts that the intermediate growth target is between $102,000 and $102,757. Based on the current price action, the analyst suggested that Bitcoin could rally to $108,366. This would mark a new all-time high (ATH) for the flagship crypto, as its current ATH is $108,268. Meanwhile, Trade PSH mentioned that a drop below $94,300 would invalidate this trade setup. The analyst’s accompanying chart showed that the Bitcoin price could break above $100,000 and reach these short-term targets before the year ends. While that remains to be seen, it is worth mentioning that January 2025 provides a bullish outlook for the flagship crypto. Pro-crypto Donald Trump is set to take office on January 20, which could lead to the creation of the Strategic Bitcoin Reserve. Historically, Bitcoin also enjoyed a price recovery in January 2021 of the last bull run. As such, history could repeat itself again. BTC Is Heading Higher In an X post, crypto analyst Titan of Crypto also provided a bullish outlook for the Bitcoin price, stating that the flagship crypto is heading higher. His accompanying chart showed that Bitcoin could rally to as high as $158,000 by May 2025. The chart also showed a price target above $220,000, suggesting that the flagship crypto could rally even higher. Related Reading: Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000 Titan of Crypto alluded to a bullish pennant, which he suggested was still in play for the Bitcoin price. This massive bull pennant is forming in the monthly timeframe, and if it plays out, the crypto analyst is confident that Bitcoin will enjoy a parabolic rally to this price target. At the time of writing, the Bitcoin price is trading at around $98,100, down in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Keep Your Crypto Safe: The Most Secure Crypto Wallets of 2024! Crypto losses due to security breaches reached record levels this year, surpassing $2 billion, while hacking incidents jumped 21% compared to last year. These alarming statistics highlight the growing need for the most secure crypto wallets. But security isn’t the only factor to consider. The ideal wallet should also offer advanced features that help users stay ahead of market trends and maximize their gains. This includes cross-chain flexibility, trading tools, and options for earning passive income. This guide reviews the four most secure crypto wallets of the year: Plus Wallet, Trust Wallet, OKX Wallet, and Ledger Wallet. This in-depth look at their features and benefits will help users choose the best option for securing their assets today. 1. Plus Wallet: The Secure Wallet That Rewards Every Trade Plus Wallet stands out as one of the most secure crypto wallets, offering top-tier protection along with a variety of powerful features. By storing private keys directly on users’ devices, it ensures complete control and sole access to assets. This local storage, along with encryption, minimizes the risks associated with third-party storage. To further enhance security, Plus Wallet includes two-factor authentication, adding an extra layer of protection in case a device is compromised. Beyond its strong security measures, Plus Wallet provides great flexibility. Its cross-chain support allows users to manage a variety of assets from one platform, simplifying the process. The wallet also features quick token listings, with new tokens available in just 15 minutes, giving users early access to new opportunities. Plus, users can enjoy these benefits while earning a continuous passive income, as Plus Wallet rewards users for every trade. This combination of robust security, and user-centric features makes Plus Wallet the most secure crypto wallet for those looking for safety, convenience, and earnings today. 2. Trust Wallet: A Gateway to dApps and NFTs Trust Wallet is a versatile app that supports a wide range of cryptocurrencies and tokens across different blockchains. It includes a dApp browser, which allows access to popular decentralized applications like Uniswap and Compound, as well as NFT marketplaces such as OpenSea. The wallet makes transferring cryptocurrencies simple and secure. However, its customer support and educational resources may be less extensive compared to other platforms, which could be a limitation for users looking for detailed guidance. Additionally, Trust Wallet’s association with Binance, a centralized exchange, may not align with the preferences of users seeking full decentralization. 3. OKX Wallet: The Multi-Chain Security Solution OKX Wallet is a non-custodial, multichain tool for managing cryptocurrencies. Available on Mac OS and Windows, it supports major blockchains, including Tron, allowing users to send, receive, and swap TRX. The wallet features Multi-Party Computation (MPC), which divides private keys into three parts, offering enhanced security by reducing the risk of key compromise. It also allows seamless swaps between non-underlying and underlying tokens. However, OKX Wallet’s fiat deposit and withdrawal options are limited, which may be a concern for users who need to frequently convert cryptocurrencies into fiat currency. 4. Ledger Wallet: The Versatile Hardware Wallet Wrapping up this list of the most secure crypto wallets of 2024 is Ledger, a reliable hardware solution. Ledger Wallet, including the Nano S Plus and Nano X models, provide a secure and versatile way to manage a variety of cryptocurrencies. The Ledger Live app simplifies asset management with an intuitive interface. Both devices are compact and portable, making it easy to manage assets securely while on the go. The Nano X model also features Bluetooth connectivity for wireless management through mobile devices. However, Ledger offers convenience and security, its devices can be relatively expensive. Additionally, it features closed-source software, which has drawn criticism from users for lacking transparency. The Final Word While each wallet has earned its place as one of the most secure crypto wallets today, its unique features cater to different user needs. OKX Wallet is ideal for users looking for a convenient desktop wallet, though it may not suit those who require fiat options. Ledger Wallet is great for those seeking hardware storage, offering a range of options at different price points. Trust Wallet and Plus Wallet stand out for users wanting multi-chain support and a wide range of asset management. However, Trust Wallet may not appeal to those prioritizing complete decentralization. Plus Wallet, on the other hand, excels for users looking for effortless passive income, as it rewards users simply for trading. 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 .
X user published over 140 million tweets mentioning Bitcoin on Elon Musk’s social media network. Crypto conversation on X increased in 2024 compared to 2023 as Bitcoin ( BTC ) developments dominated digital asset mindshare on the platform formerly known as X. Posts containing “Bitcoin” grew 65% year-over-year according to data from social listening protocol Visibrain seen by crypto.news on Boxing Day. Posts mentioning BTC on X in 2024 | Source: Visibrain Bitcoin mentions peaked in early 2024, coinciding with approval for spot BTC exchange-traded funds issued by the U.S. Securities and Exchange Commission. The Wall Street spot BTC ETF complex managed over $110 billion in investor assets, more than holdings attributed to BTC’s creator, Satoshi Nakamoto. BTC chatter on X retreated from January highs as the year unfolded, spiking from social sentiment lows at the $60,000 mark and the halving, a blockchain tweak that happens every four years to improve BTC scarcity. You might also like: BTC crosses the hallmark of 19.8 mined units on Xmas eve. It’s time to talk about Bitcoin’s supply cap Monthly BTC mentions via X consolidated until rallying again in November, spurred by President-elect Donald Trump’s victory and promises of turning America into the world’s crypto capital . In early December, social media BTC discussions neared levels seen right after spot BTC ETF approval. Over 1 million X posts were published as the top cryptocurrency hit $100,000 for the first time, breaking the six-figure psychological barrier. BTC changed hands for $95,000 a day after Christmas as the Santa Rally cooled off heading into the New Year. 24-hour BTC price chart – Dec. 26 | Source: crypto.news Read more: Should web3 devs be building tribes, not just tools? | Opinion
X user published over 140 million tweets mentioning Bitcoin on Elon Musk’s social media network.
Amid the bullish season, Grayscale XRP ETF (Grayscale XRP Trust) has grown impressively, surging by over 218% since…
The post XRP Crash Incoming? Price Fails to Hold $2.20 Level appeared first on Coinpedia Fintech News Amid ongoing market uncertainty, XRP, the native token of Ripple Labs, is poised for a notable price decline following the formation of bearish price action. Besides XRP, the overall cryptocurrency market seems to be struggling to gain momentum and is facing a significant price decline. XRP Current Price Momentum At press time, XRP is trading near $2.153 and has experienced a price decline of over 6.8% in the past 24 hours. During the same period, its trading volume jumped by 7%, reflecting heightened participation from traders and investors and suggesting concerns about a potential price decline. Why is the XRP Price Falling? However, the potential reason behind XRP’s price decline is the upcoming unlock of 1 billion tokens, as reported by CoinPedia , along with the current market sentiment. Falling Open Interest Additionally, traders appear hesitant to build new positions, potentially due to significant volatility in the market. According to Coinglass data, XRP’s open interest has dropped by 31%, hinting at the liquidation of traders’ positions in the past 24 hours. Traders Long Liquidation This price decline has liquidated $6.84 million worth of XRP long positions out of a total of $7.68 million in overall liquidations, as revealed by the on-chain analytics firm Coinglass. XRP Technical Analysis and Upcoming Level Amid this bearish outlook, XRP has failed to hold its crucial support level of $2.20. Since the beginning of December 2024, the price has reached this level four times, each time witnessing upside momentum. However, XRP has now failed to maintain this level and appears to be falling toward the next support area. Source: Coinglass However, XRP still has a chance to mitigate the price decline. Based on recent price action and historical momentum, if the altcoin closes a daily candle below the $2.15 level, there is a strong possibility it could drop by 14%, reaching the $1.88 mark in the near future. XRP’s bearish thesis will hold only if it closes a daily candle below the $2.15 mark, otherwise, it may be invalidated.
Trump Cyborg could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Cyborg (TRUMPCYB), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because TRUMPCYB is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Cyborg can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Cyborg could become the next viral memecoin. Trump Cyborg launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Cyborg on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for Trump Cyborg by entering its contract address – 9yaNQ89EaQ2nEDczZpuTZfDwfiYCxbwSYC4JeiWLDE57 – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance, and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like TRUMPCYB. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.