The SEC has given the green light for the first-ever dual Bitcoin-Ethereum ETFs, marking a significant milestone in the cryptocurrency investment landscape. This approval allows Nasdaq and Cboe BZX to
Dogecoin started a major decline below the $0.3550 support against the US Dollar. DOGE is now consolidating and might struggle to recover above the $0.350 resistance. DOGE price started a fresh decline below the $0.3650 level. The price is trading below the $0.3550 level and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.3550 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could struggle to start a fresh increase above the $0.3550 and $0.3650 resistance levels. Dogecoin Price Dips Sharply Dogecoin price started a fresh decline from well above $0.400 like Bitcoin and Ethereum . DOGE traded below the $0.380 and $0.3650 support levels. It even spiked below $0.320. A low was formed at $0.30 and the price is now consolidating losses. It recovered some points and climbed above $0.320. It tested the 23.6% Fib retracement level of the downward move from the $0.4096 swing high to the $0.300 low. Dogecoin price is now trading below the $0.3550 level and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.3550 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.3250 level. The first major resistance for the bulls could be near the $0.340 level. The next major resistance is near the $0.3550 level or the 50% Fib retracement level of the downward move from the $0.4096 swing high to the $0.300 low. A close above the $0.3550 resistance might send the price toward the $0.3650 resistance. Any more gains might send the price toward the $0.380 level. The next major stop for the bulls might be $0.40. More Losses In DOGE? If DOGE’s price fails to climb above the $0.3550 level, it could start another decline. Initial support on the downside is near the $0.3050 level. The next major support is near the $0.3050 level. The main support sits at $0.30. If there is a downside break below the $0.30 support, the price could decline further. In the stated case, the price might decline toward the $0.280 level or even $0.2620 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.3050 and $0.3000. Major Resistance Levels – $0.3400 and $0.3550.
IMF Loan Deal Highlights El Salvador has finalized a $1.4 billion loan agreement with the International Monetary Fund (IMF) to strengthen its fiscal stability and drive inclusive economic growth. Pending IMF Executive Board approval, this deal also opens the door to additional financial backing from the World Bank and regional development banks, potentially raising the … Continue reading "El Salvador Cuts Bitcoin Policies Amid $1.4 Billion IMF Loan" The post El Salvador Cuts Bitcoin Policies Amid $1.4 Billion IMF Loan appeared first on Cryptoknowmics-Crypto News and Media Platform .
Following multiple review extensions since June, the regulator has approved the first dual Bitcoin-Ethereum ETFs.
Elon Musk’s Department of Government Efficiency (DOGE) has announced plans to collaborate with stablecoin issuer USUAL, noted a tweet from Vivek Ramaswamy who is co-leading the DOGE division with Musk. However, minutes later the tweet was deleted as it turns out that Ramaswamy’s X account was hacked. Is DOGE Actually Partnering With USUAL Stablecoin? A few minutes ago, the official X account of Vivek Ramaswamy tweeted that the Department of Government Efficiency (DOGE) has announced a strategic collaboration with $USUAL, a prominent issuer of fiat-backed Real World Asset (RWA) stablecoins. The tweet further stated that the partnership would harness crypto initiatives in supporting the Donald Trump government’s mission of reducing the federal fiscal deficit. It also added that the collaboration aims to improve the efficiency of governmental transactions while promoting fiscal responsibility. This alliance represents an important step toward leveraging the potential of digital currencies to foster sustainable economic growth, stability, and financial inclusion, noted Ramaswamy. Source: X However, it turns out that this partnership is absolutely false, with Vivek Ramaswamy’s X account hacked. His team has initiated a quick action on the matter and deleted the tweet thereafter. James Fishback, founder of Invest Azoria, said that the information about the DOGE and USUAL partnership is absolutely false, and the hackers were promoting a SCAM. HE wrote: “I just spoke with Vivek. He has been hacked. He is locked out of his account. This is a scam.” The post DOGE and USUAL Partnership False, Vivek Ramaswamy Account Hacked appeared first on CoinGape .
Vivek Ramaswamy, co-chair of DOGE, the US government’s productivity department, made an interesting announcement. Vivek Ramaswamy shared a post saying, “DOGE and USUAL have reached a strategic agreement.” However, while he was deleting this post, it was stated that his account was stolen. Chinese crypto journalist Wu Blockchain shared that James Fishback confirmed that Ramaswamy’s X account was hacked and said that he spoke to Vivek. James Fishback said, “I just spoke to Vivek. His account was hacked. His account was locked. This is a scam.” “DOGE- government department is pleased to announce a strategic partnership with USUAL, a leading issuer of fiat-backed (RWA) stablecoins. This collaboration aims to leverage cryptocurrency initiatives to advance our mission to reduce the federal fiscal deficit. By integrating innovative financial solutions and improving the efficiency of government operations, we believe this partnership will not only promote fiscal responsibility but also encourage greater financial inclusion,” Vivek Ramaswamy wrote in his since-deleted post. Following the fake partnership news, the USUAL price rose by up to 14%, but gave back most of its gains after the news was revealed to be fake. *Not investment advice Continue Reading: JUST IN: DOGE Co-Chairman Said We Partnered With This Altcoin, The Price Increased! But It Turned Out To Be Fake: It Was Announced That It Was Hacked!
With Solana facing growing congestion challenges, a new Layer-2 scaling solution is beginning to draw
Whale activity and technical levels keep traders on edge, signaling critical moments for ARB’s trajectory.
Bitcoin and Ethereum ETFs Experience Significant Net Outflows on December 19, 2024 ————— 💰Coin: Bitcoin ( $BTC ) $97,654.50 Ethereum ( $ETH ) $3,422.27 ————— NFA.
Blockstream CEO and Hashcash inventor Adam Back has come to the defense of BlackRock after the company’s recent Bitcoin ad triggered an outrage across the crypto community. It featured a small but explosive disclaimer: “There is no guarantee that Bitcoin’s 21 million supply cap will not be changed.” For Bitcoiners, the Bitcoin ad was a shot at the heart of what the asset stands for. Back, though, has downplayed the controversy. He explained that the disclaimer was a legal protection inserted by BlackRock’s lawyers, not a statement of intent. “Obviously, their lawyers made them write that as they sell investment products and don’t have control,” Back said. But for a community allergic to corporate meddling, his words did little to extinguish the fire. Bitcoiners can’t trust BlackRock There have already been concerns of forceful centralization by what is largely believed to be the most powerful company on the planet. X users speculated that BlackRock might be preparing to influence the Bitcoin protocol. One even called the ad “very spooky.” The ad’s timing only added to the suspicion. BlackRock manages over 524,000 Bitcoin worth $53 billion through its exchange-traded fund (ETF), making it the largest institutional player in the market. For Bitcoin’s true believers, such concentrated influence is unnerving. Critics outside the Bitcoin bubble joined in. Longtime Bitcoin antagonist Peter Schiff wasted no time tearing into the ad, calling it packed with falsehoods and labeling Wall Street’s embrace of Bitcoin as disingenuous. And though his words may not carry weight with Bitcoiners, they amplified the outrage surrounding the ad. Bitcoin’s 21 million supply cap is the bedrock of its value proposition. It’s what sets it apart from inflation-prone fiat currencies. The cap is hard-coded into Bitcoin’s design, making it impossible to change without consensus. Even so, the mere suggestion of altering it has always been a taboo topic. Old battles with new players The ad is dragging people back to the Blocksize War, that hostile beef in the Bitcoin community from 2015 to 2017. The whole argument was about whether Bitcoin’s block size should be increased to make transactions faster and cheaper. On one side were the “big blockers,” who pushed for larger block sizes to scale Bitcoin as a payment system. On the other were the “small blockers,” who argued that increasing the block size would centralize the network by making it harder for individuals to run nodes. The conflict reached a boiling point with the New York Agreement in 2017 proposal, which wanted to implement Segregated Witness (SegWit) while also doubling the block size. Some folks saw it as an attempt by corporations to hijack Bitcoin, and a grassroots movement known as the User-Activated Soft Fork (UASF) forced SegWit activation without miner approval. The fallout though led to the creation of Bitcoin Cash, a hard fork that adopted larger block sizes. Its effects are still felt to this day. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap