Raoul Pal anticipates a significant price movement for Ethereum soon. Bullish flag patterns indicate Ethereum may outperform Bitcoin. Continue Reading: Raoul Pal Predicts Significant Movement in Ethereum Prices The post Raoul Pal Predicts Significant Movement in Ethereum Prices appeared first on COINTURK NEWS .
KULR, a provider of electric energy storage solutions, has reported its first bitcoin purchase as part of a strategic shift toward establishing the leading cryptocurrency as a reserve asset. The company bought $21 million worth of bitcoin, amounting to 217.18 BTC. The purchase comes after the company announced that it would adopt a Bitcoin standard,
In recent weeks, much has been said about the wealth erased from various cryptocurrencies’ valuation. For example, in the seven days leading up to December 24 – and despite the rally on the day – Bitcoin’s ( BTC ) valuation collapsed by nearly $200 billion . Still, for all the frustration emerging from the apparent cancellation of the ‘Santa Claus’ rally, 2024 remains an exceptionally strong year across the board, with the many coins and tokens being overwhelming winners in the last 12 months. Bitcoin up more than $1 trillion in 2024 Bitcoin itself, despite erasing approximately $200 billion in the last ten or so days, remains more than $1 trillion more valuable as an asset at press time on December 27 than it was on January 1. Specifically, data retrieved by Finbold from CoinMarketCap reveals that at the start of the now-outgoing year, BTC’s market cap stood at $828 billion, while at press time, it is as high as $1.91 trillion. BTC 12-month market cap chart with January 1 valuation marked. Source: CoinMarketCap The situation is very similar for digital assets as a whole. TradingView data shows the total cryptocurrency valuation on January 1 as $1.67 trillion and reveals that, on December 27, it is at $3.27 trillion – a $1.6 trillion difference. Total cryptocurrency market cap, YTD chart. Source: TradingView Still, the slightly less encouraging facet of the chart is that it simultaneously means that Bitcoin’s dominance among coins and tokens remains significant, as BTC accounts for approximately two-thirds of the growth. On the flip side, this fact could bolster the ‘alt season’ narrative for 2025 as it could hint that other cryptocurrencies are somewhat undervalued. Could 2025 be as strong for cryptocurrencies as 2024? Finally, it is worth pointing out that for the successes of 2024 – and stagnation in the year’s final month – predictions for the new year remain exceedingly bullish. Though Bitcoin has again taken center stage with 12-month price targets running as high as $800,000 , albeit with a rising consensus that the next move for BTC could be a plunge toward $70,000 or even $60,000 , it is far from the only digital asset investors are bullish about. XRP , for example, is seen as boating a particularly grand growth protection as it appears poised to fully clear the regulatory roadblocks with some on-chain analysts – with Ali Martinez on X being, perhaps, the most prominent – seeing a potential rally to as high as $48 : 2,100% above the press time prices at $2.18. The post Bitcoin adds $1.1 trillion in 2024 appeared first on Finbold .
This is a segment from the Empire newsletter. To read full editions, subscribe . We’ve written about some pretty bullish calls on Empire (some of which you’ll find below). Why not keep that trend going? So far this year, crypto venture capital looked a lot like a roller coaster. Third-quarter activity was slightly down, PitchBook’s Robert Le told me, but that could be associated with the summer lull. “There was a lot of momentum and positive sentiment at the beginning of the year, and then … around the summer time … there was a slowdown in investments. And I think the thing with … the crypto native VCs who are supposed to … only invest in crypto, they really slowed down their investments. They didn’t really pick up their investments, even the ones that have, you know, a lot of dry powder in their funds,” Le said. After the election, however, it seems activity has picked back up. Unfortunately, though, we don’t have the data yet to back up that observation. But Le thinks that, based on anecdotal evidence, we could see an uptick in this final quarter. Now here’s the really juicy part: Le thinks we could be in for quite a year in venture activity. His prediction is that we could see over $18 billion in venture investments, with “multiple $5 billion quarters.” Let’s just put that figure in perspective: 2023 overall saw roughly $9 or so billion. This year’s shaping up to look like it’ll land something around $11 billion, if not slightly over. Of those totals, we saw between $2 billion and $2.5 billion per quarter, Le added. And part of that is going to come from the generalist VC firms, which he expects to come back to crypto next year. As for some specific areas prime for investment, Le thinks that the crypto x AI narrative will stay hot after taking off earlier this year. He admitted that he initially thought the crypto x AI narrative was just a mishmash of buzzwords. But the use cases this year have convinced him that there are real business applications there. “As the AI ecosystem grows bigger … some of the glaring issues you see in AI become more obvious. And when that happens, you’re going to see opportunistic crypto companies come in and say, ‘Look [this is the] crypto answer to this AI” problem, Le said. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.
Daily confirmed Bitcoin payments fell to a yearly low on December 26, a pattern typical of the holiday season’s market illiquidity. Blockchain.com data revealed that confirmed Bitcoin transactions sank to 623,434, the lowest point in 2024. Confirmed BTC payments are transactions successfully added to the blockchain, making them immutable. The metric is often used to gauge activity and reflect on investor engagement levels within the Bitcoin network. The December 26 figures mark a stark contrast to December 17, when Bitcoin’s all-time high price of $108,000 prompted over 857,000 confirmed payments, 37% more than the recent low. Bitcoin chart patterns and analyst insights Looking at Blockchain.com’s chart , Bitcoin payments’ highs and lows this month typically followed the trend of the crypto’s price. Payments peaked when BTC hit its all-time high value of $108,000 around December 17 and 18 but fell when the price retreated downwards to lows of $94,000. In the last 30 days, the highest number of BTC recipients was seen at the end of November, clocking almost 1.2 million. At the time, the largest crypto by market cap was changing hands at around $96,000, and it seemed that the market had a lot of FOMO as investors were anticipating the coin could reach $100,000 soon. BTC confirmed payments per day in December. Source: Blockchain.com Given the low tally in payments, crypto enthusiasts could be stocking up on BTC, hoping it will surge even higher than the November-December price rally. Meanwhile, Bitcoin’s social sentiment has declined, with the ratio of positive to negative comments dropping to 4:5, the lowest sentiment level of the year. Despite BTC maintaining a price above $95,000, retail traders have expressed heightened pessimism. Contrarian analysts suggest such periods of fear could precede a price rally, as markets often move opposite to retail sentiment. Bullish scenarios for 2025 Bitcoin, which peaked at $108,000 on December 17, has since dropped over 10%, currently trading around $97,150. Some analysts believe the cryptocurrency may recover above $100,000, citing historical patterns that hint at a potential rebound. Elja Boom, a prominent crypto analyst, highlighted fractal patterns on the chart that suggest upward momentum. However, contrasting views from Rekt Capital indicate the current correction could persist for another week, drawing parallels to similar scenarios in 2017 and 2021. On December 26, market technician Aksel Kibar shared an analysis on X, outlining Bitcoin’s potential price targets and warning of a possible head-and-shoulders (H&S) pattern, a classic indicator of an uptrend reversal. According to Kibar, Bitcoin’s failure to reclaim the $100,000 support level has opened downside targets ranging from $90,000 to the mid-$60,000 range. If the pattern acts as a H&S top, the price target is at 80K. This can be the pullback to the broadening pattern that completed with a breakout above 73.7K. $BTCUSD https://t.co/aWeNdWVkMz pic.twitter.com/QbGi08AfcH — Aksel Kibar, CMT (@TechCharts) December 26, 2024 Kibar’s analysis focused on the likelihood of a short-term H&S top forming within Bitcoin’s broader market structure. He explained that if the pattern fully develops, the price could drop to $80,000. This potential decline aligns with a pullback to Bitcoin’s broadening chart pattern breakout, which occurred above $73,700. In his X post, Kibar noted, “Breakout from the broadening chart pattern that completed on $BTCUSD… the pullback can take place with a possible short-term H&S top. (IF) the right shoulder becomes better defined…” Further analysis by Kibar outlined how low BTC could fall under this scenario. However, he emphasized that market responses suggest a less severe correction than the H&S pattern might imply. This, in turn, bolsters his position on the possibility of a moderate pullback rather than a steep decline. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
The wider cryptocurrency market entered a bull run following the conclusion of the United States presidential election in November. However, the surge hit its first speed bump quite quickly — in mid-December, the Federal Reserve announced that it would put fewer rate cuts in place in 2025 than was originally expected. Bitcoin ( BTC ) saw prices crash from an all-time high (ATH) of roughly $106,000 to just $92,000, and altcoins predictably followed suit. December 20 turned out to be the worst day, with as much as $310 billion exiting the market. However, by press time, the price of Bitcoin had recovered to $96,551. While analysts mostly remain bullish, there is an increasing number of voices that are now predicting a short-term correction . With these new developments in mind, Finbold has consulted OpenAI’s most advanced large language model (LLM) to construct a $1,000 cryptocurrency portfolio for the coming year. Blue-chip cryptocurrencies (70%) A vast majority of GPT’s proposed portfolio is dedicated to blue-chip cryptocurrencies — namely, Bitcoin and Ethereum ( ETH ). With an initial balance of $1,000, the AI model would invest $700 in two flagship digital assets. In the case of Bitcoin, which accounts for 40% of the entire portfolio, ChatGPT cited increasing institutional adoption , widespread global demand, and increasingly recognized utility as a store of value and hedge against inflation as bullish catalysts. ChatGPT’s reasoning for picking BTC. Source: OpenAI On the other hand, 30% of the portfolio was allocated to Ethereum, owing to its already dominant and expanding ecosystem, widespread adoption by enterprises, and robust development community. ChatGPT’s reasoning for picking ETH. Source: OpenAI High-potential altcoins (25%) Surprisingly enough, ChatGPT only allocated a quarter of the portfolio — 25%, to altcoins. Readers should note that a wide variety of cryptocurrency analysts, such as Michaël van de Poppe, predict that altcoins will outperform BTC in 2025. The AI model set a 10% allocation for Solana ( SOL ). An active and rapidly growing developer base, fast and affordable transactions, and a wide variety of use cases were singled out as tailwinds. ChatGPT’s reasoning for picking SOL. Source: OpenAI Up next, Polygon ( MATIC ) accounts for the same proportion of ChatGPT’s portfolio, at 10%. As Ethereum’s go-to scaling solution, Polygon is uniquely positioned to benefit from the rise of one of the cryptocurrency market’s most notable listings and has already secured numerous strategic partnerships with major enterprises. ChatGPT’s reasoning for picking MATIC. Source: OpenAI Finally, Arbitrum ( ARB ) represents 5% of the AI model’s portfolio — OpenAI’s model reflected on the project’s dominant position among Layer 2 networks and continuing expansion in the DeFI space as key drivers for growth in 2025. ChatGPT’s reasoning for picking ARB. Source: OpenAI Stablecoins (5%) Last but not least, ChatGPT suggested that investors should set aside 5% of their portfolio for stablecoins — preferably Tether ( USDT ) or USD coin ( USDC ). Unlike the other assets that were picked, the role of these stablecoins is not to secure returns — rather, this allocation is meant to provide a degree of stability to the portfolio, as well as the option to take advantage of any opportunities that might pop up over the course of 2025. ChatGPT’s reasoning for picking stablecoins. Source: OpenAI As interesting as the AI model’s outputs are — they can certainly provide some degree of insight, investors should remember that the responses given by ChatGPT cannot serve as a suitable substitute for due diligence and personal research. Perhaps more importantly, ChatGPT cannot account for personal circumstances — and while this portfolio does appear to be broadly applicable, readers should always be wary of ‘one size fits all’ solutions when it comes to investing. Featured image via Shutterstock The post ChatGPT builds a $1,000 crypto portfolio for 2025 appeared first on Finbold .
KULR Technology Group has become the latest company to adopt a Bitcoin treasury strategy, announcing the acquisition of 217.18 Bitcoin (BTC) for approximately $21 million. In a December 26 post shared on X, the firm revealed the purchase was made at an average price of $96,556.53 per BTC. KULR’s Bitcoin Treasury Strategy An accompanying press release revealed that the buy was the first in a series of planned purchases as part of the New York Stock Exchange-listed company’s broader financial strategy. In the statement, KULR also noted that it has partnered with Coinbase Prime to receive institutional and self-custodial wallet services for its BTC and to be supplied with USDC. The firm first announced its Bitcoin treasury strategy on December 4, outlining plans to allocate up to 90% of its surplus cash into the cryptocurrency. KULR Chairman and CEO Michael Mo highlighted the company’s belief in Bitcoin’s long-term potential, saying: “We believe the growing global acceptance of Bitcoin is still in its early stages. Companies, financial institutions, governments, and the capital markets are recognizing and incorporating blockchain technology, and specifically, BTC, into their overall economic toolkits.” He further elaborated on the cryptocurrency’s unique characteristics, describing it as a safeguard against inflationary, geopolitical, and macroeconomic challenges while offering long-term appreciation. The executive expressed confidence that this strategy would strengthen KULR’s financial position, expand operations, and establish a resilient financial reserve. The company specializes in energy storage and management solutions. According to Google Finance data, its stock price responded positively to the news, rising by 40.35% over the last 24 hours. Corporate Adoption of Bitcoin Gains Momentum KULR’s Bitcoin acquisition is part of a broader trend of companies embracing crypto as a key component of their financial strategies. Recently, Rumble, the popular online video streaming platform, announced plans to allocate some of its surplus cash into the number one virtual currency. In line with this, the company has set a target of up to $20 million for its BTC investments. Similarly, Genius Group, a firm focused on artificial intelligence, disclosed a $4 million Bitcoin purchase, bringing its stack to 153 coins. This was after the company revealed plans to embrace a “Bitcoin-first” strategy, allocating 90% or more of its reserves to the trillion-dollar cryptocurrency to capitalize on its potential as a long-term store of value. Other companies, including Semler Scientific and Japan’s Metaplanet, have expanded their holdings to leverage Bitcoin as a strategic reserve asset. MicroStrategy, which pioneered the strategy, remains the largest holder of the asset among publicly traded companies, with its stash of 444,262 BTC worth an estimated $42.8 billion at current prices. The post KULR Technology Establishes Bitcoin Treasury with $21M Investment in BTC appeared first on CryptoPotato .
Popcat, a Solana meme coin that has soared by over 4,400% in 2024, is losing market share as its token plunges. Popcat (POPCAT) price has plunged by over 62% from its highest level this year, pushing its market cap to…
Popcat, a Solana meme coin that has soared by over 4,400% in 2024, is losing market share as its token plunges. Popcat ( POPCAT ) price has plunged by over 62% from its highest level this year, pushing its market cap to $762 million. It has moved from being the second-biggest Solana meme coin into the sixth after being passed by Pudgy Penguins, Dogwifhat, Fartcoin, and ai16z. Popcat price has crashed as smart money investors continued selling their holdings. According to Nansen, the number of smart money investors holding the token has dropped from over 70 to 30. Tokens held by these investors have also moved from 2.10 billion in May to 2.07 billion today. Popcat smart money investors | Source: Nansen There are also signs that the number of Popcat tokens on exchanges has continued rising, a sign that investors are selling. These tokens have risen by 2.77% in the last seven days to over 248.32 million. A likely reason for this plunge is that the Solana meme coin industry has been very vibrant, with new tokens regularly going viral. The most recent of them was Pudgy Penguins , which has become the second-biggest Solana meme coin. Before that, there was Peanut the Squirrel, Goatseus Maximus, and Moo Deng. You might also like: National Bank of Cambodia to allow banks to process cryptocurrencies for the first time Popcat price has formed bearish patterns Popcat price chart | Source: crypto.news The daily chart shows that the POPCAT token has formed numerous bearish patterns, pointing to further drops. It formed a head-and-shoulders pattern with a neckline at $1.900, which it moved below on December 14. The 50-day and 100-day moving averages have formed a bearish crossover, which is often seen as a mini-death cross. Popcat price has also formed a bearish pennant pattern that is made of a long vertical line and a symmetrical triangle pattern. This pattern usually leads to a bearish continuation. Popcat has also moved to the 61.8% retracement level. Therefore, the token’s outlook is bearish, with the next target to watch being at the 78.6% retracement point at $0.4470, which is about 42% below the current level. You might also like: VIRTUAL price surged in 2024, but faces potential risks in 2025