Bitcoin experienced a highly volatile trading session yesterday, with prices swinging between $92,300 and $96,420 throughout the day. The cryptocurrency now hovers near the $93,000 mark, struggling to establish a clear direction in the short term. As market participants await decisive action, uncertainty looms over whether Bitcoin will sustain its bullish structure or face a deeper correction. Related Reading: If History Repeats Dogecoin Has Potential For A Parabolic Rally – Details CryptoQuant analyst Axel Adler recently shared valuable insights, highlighting a significant trend among short-term holders (STH). According to Adler, these investors continue to sell their coins at high-profit margins, capitalizing on Bitcoin’s recent upward momentum. While profit-taking is a natural part of market cycles, the lack of consistent demand to absorb this selling pressure could challenge Bitcoin’s price stability. If demand fails to match the pace of active profit-taking, a local correction could occur, potentially leading to a decline in Bitcoin’s price. This delicate balance between profit-taking and market demand makes the coming days critical for determining Bitcoin’s next move. Will buyers step in to support the price, or will selling pressure lead to a deeper retrace? Investors and analysts are watching closely as Bitcoin navigates this pivotal moment. Bitcoin Demand Levels Responding Bitcoin has faced days of intense volatility as it struggles to break above the $100,000 psychological barrier while holding firm above the $92,000 support. The market remains in a state of flux, with investors and analysts closely monitoring Bitcoin’s next move. Despite the uncertainty, Bitcoin’s resilience at these key levels highlights the ongoing tug-of-war between bullish and bearish forces. Top analyst Axel Adler recently shared an insightful analysis on X, shedding light on the behavior of short-term holders (STHs). According to Adler, STHs are actively selling their coins at high profit margins, taking advantage of the recent price surges. While profit-taking is a normal part of market cycles, a lack of consistent demand to counter this selling pressure could lead to a local correction and a potential price decline. However, in the event of a price drop, STHs are unlikely to continue selling their holdings, as selling at a loss in a bull market is often considered an unwise move. This dynamic could provide Bitcoin with the breathing room needed to stabilize at its key support levels, currently around the $90,000 mark. Related Reading: Solana Holds Weekly Support At $180 – Analyst Expects $330 Mid-Term If Bitcoin successfully holds above $90,000, a period of consolidation around this level could create the foundation for the next rally, potentially propelling BTC to new all-time highs. The coming days will be critical in determining whether Bitcoin continues its ascent or faces a temporary setback. BTC Holding Above $90K Bitcoin is trading at $93,800 after enduring days of selling pressure and market uncertainty. Despite holding above key support at $92,000, the loss of both the 4-hour 200 moving average (MA) and exponential moving average (EMA) is a short-term bearish signal. These indicators, often viewed as gauges of market momentum, suggest that Bitcoin may need additional demand to regain upward traction. For bulls to reclaim control and ignite a fresh rally, Bitcoin must recover these critical levels. The 4-hour 200 MA at $96,500 and the 4-hour 200 EMA at $98,500 are essential hurdles. Successfully pushing above these thresholds and securing a decisive close beyond them would confirm renewed bullish momentum. Related Reading: Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours – Details If Bitcoin achieves this feat, the stage could be set for a massive rally into price discovery, breaking through psychological barriers like $100,000 and paving the way for new all-time highs. On the flip side, failing to reclaim these indicators might signal extended consolidation or a potential retest of lower support levels. Featured image from Dall-E, chart from TradingView
Ethereum faces resistance at $3,500 but metrics reveal traders’ growing confidence.
The post Atomic Wallet Blacklisted in Malaysia Over Unregistered Operations appeared first on Coinpedia Fintech News The Securities Commission of Malaysia has blacklisted Atomic Wallet for operating an unregistered digital asset exchange. The regulator did not elaborate further, but Atomic Wallet’s 2023 hack, which led to over $100 million in losses and multiple lawsuits, likely contributed to its inclusion. Atomic Wallet now joins other crypto firms, including Crypto Trade Malaysia and Best Exchange, on the country’s prohibited list. This move underscores Malaysia’s firm stance on unregulated crypto activities, aiming to protect investors and maintain market integrity.
Finance veterans who left traditional jobs to work with digital assets have enjoyed the 2024 rally.
Ripple's Chief Technology Officer, David Schwartz, has ignited speculation within the XRP community with a cryptic tweet referencing a ”10x increase,” coinciding with a significant price rally for the cryptocurrency. As XRP surged nearly 13% over the weekend, discussions among enthusiasts intensified, pondering the implications of Schwartz's message. Meanwhile, Ripple executed substantial XRP transfers, totaling 90 million tokens, further fueling curiosity about the company's strategic moves. As XRP hovers around the critical $2.20 mark, analysts are closely monitoring its potential for recovery amid a volatile market landscape. Ripple CTO Sparks Speculation in the XRP Community with Cryptic Tweet Amid Major Price Activity Ripple Chief Technology Officer (CTO) David Schwartz has stirred a buzz within the XRP community following a thought-provoking tweet. The post, which cryptically highlighted a “10x increase,” arrived shortly after XRP, the fourth-largest cryptocurrency by market capitalization, rallied nearly 13% over the weekend. The interplay between Schwartz’s tweet and recent market dynamics has fueled debates over the potential trajectory of XRP’s price. On Saturday, Schwartz tweeted a photo of a “Pre-Mix Bubble Solution” can, which boasted of “10x times the bubbles.” The Ripple CTO humorously called attention to the tautology in the phrase, suggesting that either “10x” or “10 times” would suffice. While seemingly innocuous, the post sparked a lively discussion in the XRP community, with some speculating whether the tweet hinted at a potential 10x price increase for XRP. Enthusiasts took to the comments, exploring the possibility of XRP reaching $10 or more in the near future. While Schwartz did not explicitly link the post to XRP’s price action, the timing of the tweet amidst XRP’s recent performance heightened the community’s curiosity. Adding to the intrigue, Ripple made significant XRP transfers over the weekend. Blockchain tracker Whale Alert flagged two substantial transactions totaling 90 million XRP, worth approximately $200 million. The first transfer, containing 50 million XRP valued at $111.7 million, and the second, with 40 million XRP worth $89.6 million, were both sent to anonymous wallets within a single minute. These transfers follow another weekend flurry of XRP activity, with Whale Alert identifying 182 million XRP moved in chunks of 99.9 million, 52.7 million, and 30 million XRP. The cumulative fiat value of these transfers is estimated at a staggering $411 million. The purpose behind these transactions remains unclear, sparking speculation about Ripple’s strategic intentions. Key Price Levels for XRP: Analyst Insights XRP’s recent market activity has drawn the attention of cryptocurrency analysts. Ali Martinez, a prominent crypto trader, highlighted $2.20 as a crucial price level for XRP. Martinez believes that the token must consolidate at this point before attempting to break through the $2.70 resistance level. Conversely, if XRP fails to maintain support at $2.20, Martinez warns that a decline to $1.96 could ensue. As of this writing, XRP is trading at $2.26, marking a period of sideways movement following a tumultuous week. The token experienced a sharp decline of 28% last week, falling from $2.71 to $1.96 before partially recovering over the weekend. The juxtaposition of Schwartz’s cryptic tweet, Ripple’s significant XRP transfers, and the token’s volatile price action has created a swirl of speculation among XRP investors. Some interpret the CTO’s “10x times” tweet as an optimistic hint, while others remain cautious, focusing instead on the technical analysis that outlines potential support and resistance levels. Ripple’s large-scale movements also add to the narrative, with many wondering if the transfers signify preparations for institutional partnerships, market-making activities, or other strategic initiatives. As XRP hovers at the critical $2.26 mark, its next moves could set the tone for the coming weeks. A successful consolidation at this level might open the door to a rally toward $2.70, while failure to hold support could spell further declines. In the meantime, the XRP community remains watchful, dissecting every tweet, transfer, and chart for clues about the token’s future. Whether David Schwartz’s “10x times” tweet was a clever observation or a subtle hint of what’s to come, one thing is clear: XRP continues to captivate the cryptocurrency world with its unpredictable moves and vibrant community discussions. XRP Emerges as the Most Traded Altcoin on Binance Amid Market Volatility Meanwhile, XRP has solidified its position as a standout performer on Binance this December, emerging as the most traded alternative cryptocurrency on the platform. According to data shared by CryptoQuant analyst JA Maartunn, the Ripple-linked token has generated a remarkable $116.6 million in trading volume on Binance Futures, outpacing other altcoins even amid widespread market declines. Despite a challenging trading environment characterized by substantial price drops for Bitcoin and other altcoins, XRP has managed to maintain a strong presence in the market. Earlier today, the cryptocurrency fell to an intraday low of $2.13, marking a decline of more than 4%, according to CoinGecko. This drop further extends XRP's descent, as the token is now down over 25% from its multi-year high of $2.85, achieved on Dec. 3. The earlier rally was largely driven by activity from Coinbase whales, who significantly boosted the token’s trading momentum. However, in the wake of this surge, XRP has faced downward pressure, underperforming relative to other major cryptocurrencies. XRP’s open interest stands at around $1.9 billion, showcasing the token’s robust activity in the derivatives market. Binance accounts for nearly half of this open interest, with $812 million, while Bitget and OKX hold the second and third spots. Recently, XRP generated an impressive $9.6 billion in trading volume, positioning it as the fifth most-traded cryptocurrency globally. It trailed only Bitcoin, Tether’s USDT, Ethereum, and USDC in terms of trading activity. Notably, during the peak of its December rally, XRP briefly flipped Bitcoin in trading volume on South Korean exchanges, underscoring its immense popularity in the region. This surge in activity was accompanied by a record high in Google search volume for XRP, although the heightened interest proved to be short-lived. Analysts Remain Optimistic About XRP’s Recovery JA Maartunn, the CryptoQuant analyst who highlighted XRP’s trading dominance, expressed confidence in the token's ability to recover ”relatively quickly” from its current downturn. Despite recent losses, XRP's strong presence in the futures market and its position as a leading altcoin suggest a resilient investor base. The token’s recovery may also be supported by broader market trends and potential bullish catalysts in the coming years. In 2025, for example, XRP could benefit from the growing buzz around cryptocurrency ETFs in the United States. These developments are expected to bolster institutional adoption and liquidity for digital assets, potentially creating tailwinds for XRP. As 2024 draws to a close, XRP’s performance underscores both its potential and the challenges it faces in a highly volatile market. The token’s ability to dominate Binance’s trading volume reflects strong investor interest, but its recent price declines highlight the broader market’s fragility. Moving forward, XRP’s trajectory will likely depend on several factors, including market sentiment, regulatory developments, and its ability to capitalize on growing institutional interest in cryptocurrency. For now, the Ripple -linked token remains a focal point for traders and analysts alike, as it continues to navigate the highs and lows of the digital asset market.
Despite the Federal Reserve’s recent rate cut by another quarter percentage on Wednesday, Bitcoin’s price plummeted. The asset tumbled by up to 15% at one point. Meanwhile, this all-important vital sign for the health of the Web3 blockchain economy remains down 3.5% for the 30 days ending Dec. 24. But it wasn’t just Bitcoin and crypto markets that slumped. Tech stocks in the NASDAQ Composite also tumbled 3% over the last five trading days on Wall Street. So, will there be a Santa Claus rally this year to save Christmas and Hanukkah from the Grinch? How High-Tech Nasdaq Stocks Do In Santa Rallies Most likely the dip in stocks and crypto over the last week was in part a simple matter of markets stopping to catch their breath. Both soared to record highs in the first half of the month. Dominic Pappalardo, chief multi-asset strategist at Morningstar Investment Management, says that these high valuations leave little room for error. He said , “Today’s extreme market reaction is being driven by today’s extremely rich valuations across risk assets.” Meanwhile, the Fed’s revised outlook expecting fewer cuts in the future after this most recent one in December may have dampened markets’ enthusiasm. “The move in equity markets can be attributed to the Fed’s updated outlook for fewer cuts in 2025,” Pappalardo said. There will probably be a Santa Claus rally this year. Historical data since 1950 shows that U.S. stocks have gotten this seasonal pick-me-up in 79% of the years. Historically, the average gain for stocks during this rally is around 1.3%. However, bear in mind that NASDAQ gains and losses are typically higher than those of the overall US stock market. Also, gains and losses for stocks since the pandemic have also exhibited a standard deviation higher than in most historical periods. How Cryptos Like Bitcoin Do on Holiday Pumps For cryptocurrency savers, investors, and day traders comparing high-tech stocks with Bitcoin and altcoins, it’s worth noting that historically, crypto also gets a Santa bump around the holidays. Moreover, the Santa Claus pump for crypto was often more pronounced than stock gains during this period. However, be forewarned that losses in altcoins can also outpace those of stocks when Krampus brings the coal to financial markets. Last year’s Santa rally saw a 4.87% rise in Bitcoin’s price, while the NASDAQ Composite increased by only 0.46%. The year before that, Bitcoin’s price fell by -0.61 while NASDAQ had notched a 0.04% gain. However, during the 2021 holidays, instead of a Santa rally, there was a Krampus slump. Bitcoin lost a markedly higher percentage than the NASDAQ. While tech stocks in this benchmark fell by -0.59%, Bitcoin capitulated by -6.8%. Bottom Line for Year-End Investors In 2024 Both tech stocks and cryptocurrencies like Bitcoin are enjoying a very robust rally that appears to many analysts poised to gain considerably more ground over the long term for these assets. During the last five days of December and the first two of January, there is usually a bump for stocks and cryptocurrencies. Whichever way markets go, Bitcoin usually goes further. The post Santa Claus Rally: Should I Buy High Tech Stocks or Crypto? (Op-Ed) appeared first on CryptoPotato .
Cryptocurrencies have always been one where little investments can pay off handsomely. Tokens like PEPE showed how small amounts—$500, for example—turned into millions for first investors. Still, the emergence of Rexas Finance (RXS) is redefining this prospect. Rexas Finance distinguishes itself with its real-world utility, creative blockchain ideas, and active presale campaign, unlike speculative meme coins, which depend on community enthusiasm. Rexas Finance is positioned to become the next million-dollar investment opportunity when combining real-world asset tokenization's security and practicality with meme tokens' explosive growth potential. The Power of the Presale from Rexas Finance The presale of Rexas Finance has already attracted institutional investors as well as crypto aficionados worldwide. With 94.58% of tokens sold, the presale now in Stage 10 has reached an amazing milestone by exceeding $30 million out of its $33.1 million target. Valued at $0.15, each RXS token gives early investors a chance to protect their holdings before the price rises to $0.175 in the following stage. A $500 investment in RXS at this pricing point could yield life-changing profits. As demand for tokenized real-world assets skyrockets, analysts estimate that RXS might climb by 500% at launch and maybe provide gains reaching 10,000% over the long term. Time is running out for investors to enter the ground floor, with over 359 million tokens sold out. $1 Million Giveaway: Awards for Early Contributors Apart from its effective presale, Rexas Finance started an unparalleled $1 million campaign to honor its expanding ecosystem. Any cryptocurrency project depends on community involvement. Hence, this initiative honors its early backers and promotes this kind of participation. Each 20 winners will get RXS tokens valued at $50,000. Users only need to provide their ERC-20 wallet address and finish particular activities to join in. Referrals from friends increase participants' chances by getting extra entries for each one. As the project gets ready for its full release, this offering emphasizes Rexas Finance's dedication to returning benefits to its community and generates buzz and momentum. Ensuring Security and Reliability with CertiK Audit Rexas Finance and meme-based tokens like PEPE vary mostly in their focus on security. While many tokens are issued with little to no transparency, Rexas Finance has had a thorough, smart contract audit conducted by internationally known blockchain security company CertiK. The CertiK audit guarantees dependability, security, and vulnerability-free smart contracts for Rexas Finance. Knowing that the project runs on a solid and honest basis, this degree of openness and security gives investors peace of mind. Rexas Finance attracts not only institutional players seeking reputable blockchain projects but also regular investors by giving safety and dependability first priority. CoinMarketCap and CoinGecko Listings. Already reaching important benchmarks, Rexas Finance supports its leadership among crypto projects. Two of the most reliable sites for monitoring cryptocurrency performance, CoinMarketCap (CMC) and CoinGecko, now formally include the token. These postings offer numerous main advantages: Investors may readily track RXS's performance, price swings, and changes in direction. Legitimacy: A listing on CMC and CoinGecko lends legitimacy by demonstrating that Rexas Finance is a major and expanding initiative. Millions of daily visitors to these sites increase liquidity and interest in RXS tokens, therefore enhancing investor confidence. After its presale ends, Rexas Finance plans to list on tier-one centralized exchanges (CEXs), thus improving liquidity and stimulating even more demand. The Rexas Ecosystem: Utility-Driven Development The success of Rexas Finance is independent of just hype. Unlike speculative meme coins, RXS provides a strong ecosystem meant to transform investor access and management of actual assets via blockchain technology. The Rexas environment comprises: Rexas Token Builder: Designed to let anyone tokenize actual assets—such as real estate, companies, and commodities—without technical knowledge, it enables anyone. Designed as a decentralized platform for transparent and safe fundraising, Rexas Launchpad enables fresh blockchain initiatives to get money. A revolutionary concept permitting fractional real estate ownership, Rexas Estate lets investors generate stablecoin passive income. Rexas GenAI is an artificial intelligence tool for producing original, superior digital artwork for the rapidly expanding NFT sector. Rexas DeFi is a decentralized solution for easy cryptocurrency switching between several blockchain systems. Rexas Treasury: It is a multi-chain yield optimizer designed to let consumers compound interest on their crypto deposits. This comprehensive suite of technologies solves important problems in conventional finance. It establishes Rexas Finance as a leader in real-world asset tokenization, a market predicted to expand enormously over the next years. 🔥 $RXS Presale Stage 10 Sold Out 🔥We’re excited to announce that Rexas Finance Presale Stage 10 has been sold out! ✅Presale Stage 11 is now live, with the price per token increasing to $0.175 🚀Don’t miss your chance to get in early! ⭐️Buy Now: https://t.co/tNJAsvBiYe … pic.twitter.com/6lg1WFwnkH — Rexas Finance (@rexasfinance) December 23, 2024 How might one participate in the Rexas Finance Presale? Participating in the Rexas presale is quick and easy. You can participate as follows: Get Your Wallet Ready: Use a wallet connected to WalletConnect, such as Trust Wallet or MetaMask. Get ETH or USDT: Make sure you have enough money for your purchase and gas expenses. Visit the Rexas Platform. Link your wallet by visiting the official rexas.com website. Choose your payment method here. Your chosen payment type should be ETH or USDT. Then, enter the purchase amount. Indicate the total you want to commit and validate the purchase. Get your tokens here. RXS tokens will be deposited to your wallet after the transaction is finished. Rising demand and a current price of $0.15 per RXS call for investors to act fast before the presale ends. Conclusion: The Next Pepe Has Arrived While tokens like PEPE highlighted the great profit potential of the crypto industry, Rexas Finance offers investors far more than hype—it provides real-world utility, security, and a vibrant ecosystem. With its CertiK audit, outstanding presale momentum, and listings on CoinMarketCap and CoinGecko, Rexas Finance is already proving its legitimacy and ability to expand explosively. Rexas Finance offers a once-in-a-lifetime chance to turn $500 into over $1 million as the presale draws to a close. The token is ready for release. This is the new PEPE coin for the next generation of crypto investors. For those looking for significant returns in 2025, Rexas Finance is a viable initiative and a revolution under development. Seize this chance to guarantee your financial future. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Binance Alpha, Binance’s initiative to highlight high-potential blockchain projects, has announced its sixth batch of pre-selected tokens. Binance Alpha Announces Sixth Batch of Pre-selected Project Tokens The new batch includes five promising projects: YNE, GOUT, GEL, UFD and GAME. The pre-selection through Binance Alpha points to these projects as potential candidates for future Binance listings, giving investors and users an early look at innovative blockchain developments. Each token reflects unique use cases and emerging trends in the crypto ecosystem. What is Binance Alpha? Binance Alpha is a platform designed to identify and support exceptional blockchain projects before they reach Binance's main listing. It acts as a gateway for high-quality projects to gain visibility and community engagement while undergoing rigorous review and analysis by Binance's research team. What's Next for These Projects? While inclusion on Binance Alpha does not guarantee a full Binance listing, it does position these tokens for further scrutiny and potential integration into one of the world’s largest cryptocurrency exchanges. Binance users are encouraged to follow the listing progress of these projects. *This is not investment advice. Continue Reading: Binance Alpha Announces 5 More Promising Tokens! Here Are the Details
Dogecoin’s (DOGE-USD) recent struggles have intensified, with the memecoin dropping nearly 25% in the past week. This downturn comes as the broader...
After crashing nearly 15% Bitcoin has spent nearly a week below $100K and BTC currently trades at $94,124. Despite the brutal crash and sideways movement when will Bitcoin price hit $100,000? This article explores three key on-chain metrics that suggest that BTC is preparing for a strong bounce. In the previous article, CoinGape explore three reasons why Bitcoin price crash will end soon. This article explores why BTC should bounce soon and revisit the historic $100K level. 3 Key Metrics That Could Propel Bitcoin Price to $100K According to Santiment, on-chain data provider, the Network Realized Profit/Loss (NPL) indicator saw a spike to roughly 106K & 100K on December 19 and 20, respectively. This profit-taking suggests that investors panic sold. Hence, the chances of a further drop due to spike in selling pressure. BTC NPL Further supporting this thesis is the 30-day MVRV (market value to realized value) ratio has dipped below zero and sits at -4.77%. Between 5% to 10% is where BTC formed a bottom in the past two months. The fact that BTC’s 30-day MVRV is sitting in the opportunity zone suggests that a reversal is likely in the next few days. BTC price vs. 30-day MVRV Lastly the supply distribution metrics show that whales accumulated 30,000 BTC since the ATH. These wallets that hold 100 to 1,000 BTC have shown resilience despite the short-term correction and hints that investors are bullish on the last few days of 2025. BTC Whale Supply Distribution All in all, the outlook for Bitcoin price looks bullish and a potential drop here is highly unlikely. Even if there is a drop, it should stabilize around $90K. As mentioned in yesterday’s Bitcoin article , the drop is likely going to reverse soon and kickstart a consolidation or a reversal. Furthermore, the quarter four is generally bullish according to historical price action, which adds credence to what technicals and on-chain metrics are showing. Therefore, the ongoing downtrend is unlikely to continue and a potential bounce could be coming up soon. The post 3 Key Metrics That Hint Bitcoin Price Will Hit $100K Soon appeared first on CoinGape .