US Court Schedules Key Dates for Ripple Case

The US Court of Appeals sets critical dates for the Ripple lawsuit. Bradley Sostack must submit key documents by specified deadlines. Continue Reading: US Court Schedules Key Dates for Ripple Case The post US Court Schedules Key Dates for Ripple Case appeared first on COINTURK NEWS .

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Transak Introduces 11 New Meme Coins Amid Market Trends and Community Focus

Transak has made headlines by adding 11 meme coins, underlining community engagement as a crucial criterion for selecting emerging cryptocurrencies. The addition aligns with recent trends observed on leading exchanges

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Ethereum ETF Inflows Surge in December, Indicating Growing Institutional Interest Beyond Bitcoin

Ethereum is experiencing a surge in ETF inflows, signaling significant institutional interest in digital assets beyond Bitcoin, especially in December. The trend indicates a marked shift in the crypto landscape,

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Hyperliquid’s HYPE token surges past $10 billion market cap

Hyperliquid's HYPE token hits $10B market cap, surging 20% to $30 and setting a new record as the most valuable airdropped token. The post Hyperliquid’s HYPE token surges past $10 billion market cap appeared first on Crypto Briefing .

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Hester Peirce Teases Pro-Crypto Changes To Expect Under New SEC

Hester Peirce, one of the Commissioners at the US Securities and Exchange Commission (SEC) has hinted at the potential pro-crypto changes that may emerge once incoming Chairman Paul Atkins takes office in January. While the commission has not unveiled the exact policy changes to expect, Peirce is optimistic a likely clearance of some stalling crypto ETF applications. The New US SEC and Crypto Speaking in an interview with Zack Guzman of Coinage media, Peirce hinted at how easy things will be when there majority of commissioners at the SEC wants things done. This response came when asked about how feasible she thinks an in-kind spot Bitcoin and Ethereum ETF is possible. BREAKING: SEC Commissioner Hester Peirce previews new pro-crypto changes coming to the SEC ETF in-kind redemptions and ability for ETF issuers to begin staking likely done “early on” Both ETFs now have more than $100B in AUM pic.twitter.com/g3jtbuBeWU — Coinage (@coinage_media) December 20, 2024 On this and the issue of Ethereum ETF staking, Hester Peirce said these are the issues that she believed the public will raise earlier on under the incoming chairman. At the time spot Bitcoin and Ethereum were still under consideration, issuers had to make a compromise on in-kind and cash creates. While the Gary Gensler-led commission demanded a cash create settlement method, issuers preferred in-kind. With in-kind, investors can receive settlement in the underlying currency, giving the user a better value overall. The cash creates does the opposite with payouts made in the US Dollar. The same applies to staking, a product that will offer additional yield for spot Ethereum ETF investors. The markets regulator has opposed these flexible propositions, riding on the volatility-induced high risk in all. Amid the wait for a likely approval, Bitwise acquired Attestant , a staking service to extend the offering to in-house clients. Under the nominated Paul Atkins’ US SEC, there might be a rollback of these harsh policies. More than the Markets Regulator Meanwhile, the changes expected in the crypto industry goes beyond just the US SEC. At the moment, there is a lot of noise around Operation Chokepoint 2.0 . This operation, as alleged, subtly mandates the banks to restrict banking services to crypto and Web3-based companies. This operations has led to the collapse of firms like Silvergate Bank. Also, it has held outfits like Custodia Bank from operating at maximum capacity. Notably, industry leaders are calling for a probe into this operation with Crypto Czar David Sacks saying earlier that it is worth looking into. While the US SEC fights to clean its house, Federal policies that are not favoring the crypto market may also need to change. The post Hester Peirce Teases Pro-Crypto Changes To Expect Under New SEC appeared first on CoinGape .

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Bitcoin Under Siege: Bearish Pressure Keeps Price Below $99,575

Bitcoin is under intense bearish pressure as it struggles to reclaim the $99,575 mark, a key resistance level that has proven to be a significant hurdle. After an impressive rally earlier in the month, BTC’s momentum has slowed, with sellers taking control and keeping the cryptocurrency in a tight range below this critical threshold. The current price action highlights growing uncertainty in the market, as bulls attempt to regain strength while bears capitalize on every opportunity to push prices lower. With $99,575 marked as a pivotal point, the next moves could set the stage for Bitcoin’s short-term trend. Will the bulls manage a breakthrough, or will bearish dominance prevail? The coming days hold the answer. Bitcoin Struggles Below The Critical $99,575 Resistance Level Bitcoin is currently facing significant resistance at the $99,575 level as its price fights to break above this critical threshold. Despite attempts to rally, bearish pressure has kept BTC confined below this key resistance point, limiting its upward movement. Related Reading: Bitcoin Slips Below $100K: Is The Rally Losing Steam? As Bitcoin hovers near this level, market sentiment remains cautious since there are possibilities of a breakout or a deeper pullback. Furthermore, the $99,575 level remains pivotal, as a successful breach could signal further bullish momentum, while failure to surpass it may result in increased selling pressure. BTC’s price has also dropped below the 100-day Simple Moving Average (SMA), a key technical indicator that often acts as a significant support level. This shift below the 100-day SMA suggests weakening upside strength and may signal that bears are gaining control. Historically, when the price falls below the SMA, it can indicate a potential shift in market sentiment, with further downside risk if the price fails to reclaim this important indicator. If BTC cannot regain momentum and climb above the 100-day SMA, it may face increased selling pressure, leading to more losses as bearish sentiment continues to dominate. Key Technical Indicators Suggest Challenges For BTC’s Recovery A critical analysis of the Composite Trend Oscillator indicator suggests that Bitcoin could be poised for more declines. The indicator’s trend line and the SMA’s line have dropped below the zero line, a sign of bearish momentum. Related Reading: Bitcoin Price Dips Again: Is The Momentum Shifting? When both these components fall below this threshold, it typically signals that the downtrend is gaining strength, indicating increased selling pressure. This bearish signal, combined with the price action below the 100-day SMA, suggests that Bitcoin may struggle to regain upward momentum in the near term. Conclusively, If bearish pressure on BTC continues, several key support levels will be crucial to monitor. The first significant level is $93,257, where the price could find initial support. Should BTC fail to hold above this point, the next support zone will be around $85,211, which has previously been a strong demand area. A sustained drop below these levels may suggest an extended price drop to other support ranges. Featured image from Unsplash, chart from Tradingview.com

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MicroStrategy Hits The Nasdaq 100: What It Means For The Bitcoin Firm

On Monday, MicroStrategy (MSTR) will be included in the Nasdaq 100 stock market index, beginning one of the ultimate vampire attacks on the stock market.

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Analyzing MOODENG’s ‘double top’ pattern: Should you expect a dip to $0.134?

The Average Directional Index (ADX), which is tipping south, shows that the prevailing bearish trends are weakening.

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Top Reasons Why Ethereum Price is Down Today?

The Ethereum price is down over 6% in the last 24 hours, dropping to as low as $3,120 during this period. This price drop is due to several factors, including the Fed’s hawkish stance, which paints a bearish picture, not just for ETH but also for the broader crypto market. Top Reasons Why The Ethereum Price Is Down The Ethereum price has dropped to as low as $3,120, with several factors contributing to this price drop. These factors include the Fed’s hawkish stance, negative ETF flows, and a massive sell-off from ETH whales. Fed’s Hawkish Stance The Fed’s apparent hawkish stance is the primary reason why the Ethereum price has dropped significantly today. Despite the Federal Reserve announcing a 25 bps rate cut, Fed Chair Jerome Powell’s speech hinted that the US Central Bank is currently hawkish. Powell also hinted that the Fed is likely to adopt a quantitative tightening approach from next year. There are estimates that there will be lower rate cuts next year, as the Fed has already made three cuts this year. Cleveland Fed President Beth Hammack has also raised inflation concerns, which could strengthen the case for tightening policies, especially if future economic data come in hot. Negative ETF Flows The negative flows from the Spot ETH ETFs have also contributed to the Ethereum price drop. SosoValue data shows these ETFs recorded a negative daily inflow of $60.47 million yesterday. Grayscale’s Ethereum Trust (ETHE) was mainly responsible for these outflows, with $58.13 leaving the fund. This negative outflow was the first in the last nineteen days and could indicate a change in sentiment among investors. Negative ETF flows are typically bearish for the crypto, as outflows lead to significant selling pressure since these ETF issuers have to offload the assets under management to make redemptions. ETH Whales Are Selling ETH Whales are also selling, which is another reason the Ethereum price is down today. CoinGape reported on a whale that sold 22,746 ETH ($7.7 million) and another whale sold 49,910 ETH ($170 million) in the last 24 hours. The Ethereum Foundation has also contributed to this selling pressure. On-chain intelligence platform Lookonchain noted that the Ethereum price has dropped around 17% since the Foundation sold 100 ETH on December 17. The Ethereum Foundation has sold 4,466 ETH ($12.6) million over the past year, just around every ETH local top. A Positive For ETH Despite today’s drop, some other whales are still accumulating, which is positive for the Ethereum price. CoinGape reported that Donald Trump’s World Liberty Financial bought 759 ETH today, bringing its total holdings to 16,362 ETH (54.62 million). Lookonchain also reported that Whales have started accumulating ETH as the market rebounds. The platform stated that four fresh wallets had withdrawn 8,440 ETH ($28.43 million) from Binance today. The post Top Reasons Why Ethereum Price is Down Today? appeared first on CoinGape .

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SEC’s Hester Peirce Reveals Pro-Crypto Pivot for Bitcoin & Ethereum ETFs

As the Securities and Exchange Commission (SEC) gears up for significant leadership changes, Commissioner Hester Peirce has hinted…

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