Cryptocurrency exchange's mining platform Binance Pool has announced the launch of merged mining support for Junkcoin (JKC) and Pepecoin (PEP). Binance Pool Introduces Merged Mining for Junkcoin and Pepecoin This new feature allows miners to mine Litecoin (LTC) while also earning rewards in multiple cryptocurrencies, including LTC, Dogecoin (DOGE), Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), and Pepecoin (PEP). Merged mining, also known as auxiliary proof of work (AuxPoW), allows miners to process transactions for multiple blockchains with a single computational effort. This increases efficiency and provides the opportunity to maximize earnings by mining additional coins alongside primary coins like Litecoin. By adding Junkcoin and Pepecoin to its merged mining program, Binance Pool continues to diversify its offerings by appealing to miners looking for alternative coins and higher potential rewards. The addition of JKC and PEP reflects Binance Pool’s efforts to support emerging cryptocurrencies and encourage participation in the mining ecosystem. This move is expected to support the growth of smaller blockchain networks while attracting miners looking to leverage their resources for greater profitability. Miners can join Binance Pool to take advantage of this new feature by configuring their mining setup to enable merged mining. Additional details and configuration instructions are available on the Binance Pool platform. As merged mining continues to gain traction, Binance Pool’s inclusion of Junkcoin and Pepecoin positions it as a versatile platform for both established and emerging cryptocurrencies. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Launches Combined Mining Support for Two Altcoins! Here Are Those Altcoins
Billy Markus, known as Shibetoshi Nakamoto, recently sparked a lively discussion in the crypto community with an ironic tweet about wealth. His playful remarks shed light on the broader sentiments
Speculations started swirling around when a well-known crypto voice on X, @WallStreetMav posted on X, stating that FTX…
Jito Network is a protocol built on the Solana Blockchain. The protocol stands out by offering the JitoSOL liquid staking pool and a collection of Maximum Extractable Value (MEV) products. Continue Reading: How to Buy Jito Coin? The post How to Buy Jito Coin? appeared first on COINTURK NEWS .
Cardano (ADA) is facing increasing bearish momentum, with its price nearing a critical support level at $0.8119. This potential retest signals a pivotal moment for the cryptocurrency as market conditions turn unfavorable. Recent price action with negative signals from key technical indicators has intensified concerns about further downside risks. The Relative Strength Index (RSI) and other metrics suggest growing selling pressure, making ADA’s ability to hold above this key level a matter of significance. A breach below $0.8119 could pave the way for more losses, potentially pulling ADA into uncharted bearish territory. However, defending this support level might provide the foundation for a stabilization or recovery. As the market sentiment shifts, can Cardano regain its footing or succumb to deeper declines? This critical juncture highlights the importance of monitoring technical and market-driven factors in the token’s ongoing journey. Technical Indicators Signal Further Downside For ADA Historically, the $0.8119 level has served as a crucial threshold for price action, acting as both a support and resistance point in previous market cycles. Its proximity now highlights the mounting challenges Cardano faces as bearish momentum continues to dominate the market. Related Reading: Cardano Price Eyes Recovery Toward $2 As Million-Dollar Whale Transactions Explode On The Network The negative sentiment around the token is largely fueled by weakening technical indicators and a waning market mood. ADA remains below key moving averages, such as the 100-day Simple Moving Average (SMA), which underscores a prolonged downtrend. This alignment of the price below pivotal technical levels signals a lack of upward strength and an increased likelihood of more downside pressure. Adding to the bearish narrative is the Relative Strength Index (RSI), which has been trending lower, signaling intensified selling pressure. Currently hovering near oversold levels, the RSI reflects waning buyer interest and heightened dominance by sellers. Should the trend continue, it could pave the way for the altcoin to break below the $0.8119 mark, possibly triggering a new wave of selling. Potential Scenarios: Break Below $0.8119 Or Rebound? If ADA fails to hold above $0.8119, it may signal a continuation of downbeat momentum, potentially triggering a deeper decline. In this case, sellers might push the price toward lower support zones such as $0.6822 or even $0.5229 areas that have previously acted as stabilizing levels during market downturns. A break below $0.8119 would likely confirm seller dominance, further eroding market confidence and leading to heightened volatility. Related Reading: Cardano Could Be Heading For A 20% Correction – Technical Data Signals Bearish Price Structure On the other hand, a successful defense of the $0.8119 level could lay the groundwork for a rebound. Buyers may seize the opportunity to regain control, leveraging the support level as a springboard for recovery. This could result in ADA attempting to revisit resistance levels near $1.2630 or higher, reversing the bearish trend and reigniting optimism in the market. Featured image from Unsplash, chart from Tradingview.com
The post Trump Names Stephen Miran as CEA Chair: A Boost for Crypto Markets? appeared first on Coinpedia Fintech News In a bold step towards making the U.S. a global leader in crypto, President-elect Donald Trump has named Stephen Miran as the Chair of the Council of Economic Advisers (CEA). Miran, a seasoned economist and a known advocate for digital assets, previously served as a Treasury official during Trump’s first term and is currently with Hudson Bay Capital Management. I am beyond honored that President Trump has chosen me to lead his Council of Economic Advisers. I look forward to working to help implement the President's policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans! pic.twitter.com/CROmzuk61v — Stephen Miran (@SteveMiran) December 22, 2024 This move is considered Trump’s masterstroke to pump the shallowed faith of crypto investors after the Fed’s hawkish stance on Bitcoin dropping Bitcoin to its lowest. Will these moves help crypto recover from the dent? Let’s understand. A Crypto-Friendly Leader Miran’s appointment is part of a series of moves by the new administration to support cryptocurrency. He has always been a strong supporter of changing U.S. crypto rules to encourage new ideas and growth in the blockchain industry. In a recent podcast , Miran stressed the importance of clear regulations, believing they are crucial for the U.S. to stay competitive in the digital economy. Miran has shown independent thinking, especially in his criticism of the Federal Reserve’s policies. In 2020, he disagreed with Fed Chair Jerome Powell’s call for more stimulus, arguing it was both politically and economically flawed. As the new head of the Council of Economic Advisers (CEA), Miran is expected to bring a fresh outlook on economic strategies, including those related to digital assets like cryptocurrency. Trump’s Crypto Agenda Miran’s appointment fits perfectly with Trump’s goal to make the U.S. the “crypto capital of the planet.” Trump has proposed bold ideas like creating a strategic bitcoin reserve and has consistently pushed to integrate digital assets into the country’s economy. Trump also appointed Bo Hines as Executive Director of the Presidential Council of Advisers for Digital Assets. While Hines doesn’t have a crypto background, he will work closely with David Sacks, the administration’s “Crypto Czar,” to push forward the White House’s digital asset plans. Impact on Crypto Assets The series of pro-crypto appointments have already triggered bullish sentiment in the digital asset market. Bitcoin and Ethereum saw modest gains following the news. Analysts predict that Miran’s leadership, coupled with Trump’s crypto-forward policies, could pave the way for a surge in mainstream adoption. Even though BTC is technically on the verge of a breakout, analysts are waiting for some major crypto policy changes to see a green zone once again. On a cautious note, Ali Martinez, A Known Crypto Analyst shared that Bitcoin’s key support zone is currently between $97,041 and $93,806. If this area fails to hold, there could be a sharp drop to $70,085, as there is minimal support below this level.
Bitcoin continues to dominate headlines as discussions around its long-term potential and market sentiment intensify. Recent reports suggest that the United States could significantly reduce its national debt by establishing a Bitcoin reserve, while the cryptocurrency's current low social sentiment may indicate a near-term recovery above $100,000. US National Debt Could Shrink by 35% With Bitcoin Reserve, Says VanEck Report Asset management firm VanEck has suggested that the United States could reduce its national debt by 35% over the next 24 years by establishing a Bitcoin reserve of 1 million BTC. This idea, aligned with a bill proposed by Senator Cynthia Lummis, brings attention to the transformative potential of Bitcoin in offsetting the nation’s mounting liabilities. VanEck’s analysis projects a 25% compounded annual growth rate (CAGR) for Bitcoin , which could see its price soar to $42.3 million by 2049. Simultaneously, US national debt is expected to grow at a 5% CAGR, increasing from $37 trillion in 2025 to an astronomical $119.3 trillion by the same year. If Bitcoin’s growth aligns with these estimates, a 1-million-BTC reserve could offset roughly $42 trillion in liabilities, equivalent to 35% of the projected national debt. VanEck’s head of digital asset research, Matthew Sigel, and investment analyst Nathan Frankovitz detailed these findings in a Dec. 20 report . They emphasized that the plan hinges on an optimistic scenario in which Bitcoin’s price begins its growth trajectory at $200,000 in 2025, more than doubling from its current value of around $95,360. If Bitcoin were to reach $42.3 million, it would account for approximately 18% of the world’s financial assets—a staggering increase from its current 0.22% share of the $900 trillion global market. The concept of a national Bitcoin reserve has gained traction amid speculation that the incoming Trump administration might explore this idea. Reports suggest that former President Donald Trump’s administration is considering designating Bitcoin as a reserve asset via an executive order on his first day back in office, a move that has already fueled Bitcoin’s rally into six-figure territory. Senator Cynthia Lummis, a staunch advocate for cryptocurrency adoption, has introduced legislation to formalize such a reserve. However, her bill has yet to be reviewed by Congress. If enacted, the US could leverage its existing 198,100 BTC from asset seizures and acquire the remaining 801,900 BTC through measures like selling a portion of its $455 billion gold reserves. Crucially, this approach avoids the need for taxpayer funds or additional money printing. Ripple Effects on Bitcoin Adoption The proposal could trigger widespread adoption of Bitcoin at multiple levels of the US economy, including state governments, corporations, and institutions. VanEck’s analysts believe such adoption would support their bullish CAGR estimates for Bitcoin and Ethereum. Furthermore, Bitcoin’s inclusion as a reserve asset could help stabilize its historically volatile boom-bust cycles, providing long-term market resilience. Beyond the United States, the report highlights Bitcoin’s potential as a settlement currency for international trade, especially among nations seeking alternatives to the US dollar. VanEck’s Sigel noted in a Dec. 21 social media post that BRICS countries—Brazil, Russia, India, China, and South Africa—could increasingly adopt Bitcoin to sidestep escalating US sanctions, further driving its utility and value. Despite its promising outlook, the proposal faces significant hurdles. Bitcoin’s price trajectory must meet or exceed the optimistic CAGR estimates, and the US government would need to navigate the political and logistical complexities of such a strategy. Moreover, critics may question the feasibility of transitioning a portion of gold reserves into Bitcoin or the broader implications of relying on a highly volatile asset for debt reduction. VanEck’s ambitious proposal positions Bitcoin as more than just a speculative investment—it envisions the cryptocurrency as a pivotal tool in national debt management. While the road ahead is fraught with uncertainty, the potential for Bitcoin to offset trillions in US liabilities shows its transformative role in the global financial ecosystem. As Senator Lummis’ bill awaits legislative review, the world watches closely, pondering whether Bitcoin’s ascent could reshape not only markets but also national economies. Bitcoin’s Social Sentiment Hits 2024 Low: Signs Point to a $100,000 Recovery The cryptocurrency market has entered a crucial phase as Bitcoin’s social sentiment falls to its lowest point in 2024, raising hopes among contrarian analysts of a potential price recovery above the $100,000 mark. Despite a recent 10% correction from its all-time high of over $108,300 on Dec. 17, Bitcoin has managed to stabilize above $95,770 as of Dec. 23. Social media sentiment around Bitcoin has turned markedly bearish, with a ratio of four to five positive versus negative comments marking the lowest sentiment level this year. According to a Dec. 22 post by market intelligence platform Santiment, this widespread fear, uncertainty, and doubt (FUD) among retail traders could signal an imminent price breakout. “Vocal traders are now showing severe FUD, and that's good news for contrarians who know markets move in the opposite direction of retail's expectations,” Santiment noted. Such contrarian signals often precede significant market movements, particularly in the cryptocurrency sector, where sentiment-driven trading plays a prominent role. Bitcoin’s current downturn has led to three consecutive daily red candles on its chart for the first time since early November, coinciding with the US presidential election period. This pattern has sparked discussions about the potential for a recovery, particularly among technical analysts relying on fractals and historical data to predict price movements. Fractal patterns, which identify recurring trends and key support and resistance levels, suggest an imminent rebound. Crypto analyst Elja Boom highlighted on Dec. 20 that Bitcoin’s current setup resembles past instances of rapid recovery, writing, “We have seen this before.” While optimism for a swift recovery above $100,000 is growing, some analysts caution that Bitcoin may face further downside in the near term. According to historical analysis by crypto strategist Rekt Capital, Bitcoin’s price corrections in 2017 and 2021 extended into Weeks 8 and 9 of similar market phases. As Bitcoin approaches Week 8 of its current correction, this historical context suggests the potential for short-term bearish continuation. “In 2017, Week 7 as well as Weeks 8 and 9 were also corrective. In 2021, Week 6 and Week 8 were corrective. Bitcoin is currently in Week 7 and slowly transitioning into Week 8,” Rekt Capital explained in a Dec. 21 post. Long-Term Optimism: 2025 and Beyond Looking beyond 2024, analysts project an increasingly bullish outlook for Bitcoin. Crypto services provider Matrixport forecasts that improving global macroeconomic conditions and easing monetary policies could drive Bitcoin’s price above $160,000 by the end of 2025. As inflation cools and central banks pivot towards more accommodative stances, Bitcoin may benefit as a hedge against traditional financial instability. This potential shift could attract both institutional and retail investors, further solidifying Bitcoin’s role as a digital asset powerhouse. Despite the recent correction, Bitcoin remains a star performer in 2024, boasting year-to-date gains of nearly 130%. This momentum has attracted increasing attention from institutional players, whose long-term investments could provide a stabilizing force against the volatility often associated with retail-driven markets. The potential for Bitcoin to break out above $100,000 is also supported by growing adoption across various sectors. As more corporations and institutions integrate Bitcoin into their operations, the cryptocurrency is expected to gain greater legitimacy and mainstream acceptance. Bitcoin’s current phase of low social sentiment and price correction may be a turning point for the world’s largest cryptocurrency. While short-term volatility could persist, historical patterns and emerging fractal trends point to a potential recovery above the $100,000 mark before year’s end. Looking ahead, the macroeconomic environment and institutional adoption are set to play pivotal roles in shaping Bitcoin’s trajectory, with analysts predicting an optimistic outlook for 2025 and beyond. For now, Bitcoin’s resilience amid bearish sentiment underscores its enduring appeal as a digital asset in an evolving financial landscape.
Bitcoin’s struggles continue as the asset fails to initiate a notable recovery, and its price is still below or around $96,000. The altcoins are not in great shape either, with many, such as XRP, ADA, and AVAX, still 3-4% down on a daily scale. BTC Keeps Struggling A lot can change in the cryptocurrency markets within a week, and this has been the case for the past seven days or so. Just last Monday and Tuesday, BTC posted fresh gains and shot up above $108,000 to mark its latest all-time high. However, the landscape started to change on Wednesday evening after the latest FOMC meeting. Bitcoin reacted with an immediate price drop to under $100,000, but that was just the start. It kept plummeting in the following days, which culminated on Friday with a price slump to $92,000. BTC managed to stop the freefall at this point and even jumped to over $99,000 on Saturday morning. However, that was short-lived again and it fell to $96,000 on Sunday and is currently sitting there. The question now arises whether the new trading week will be any different, given some of the factors that could impact BTC’s price. For now, bitcoin’s market cap stands at $1.9 trillion on CG, while its dominance over the alts is just shy of 55%. Bitcoin/Price/Chart 23.12.2024. Source: TradingView Alts in Similar State The altcoins have produced similar or even more painful declines over the past several days. The landscape is quite gloomy now as well, with XRP, AVAX, ADA, SHIB, DOGE, and ETH still in the red. DOT, XLM, SUI, and APT have dropped again over the past day. AAVE is the only exception from the larger-cap alts with an actual noteworthy price surge. The asset has gained roughly 10% and now sits at $340 amid the broader correction. The cumulative market capitalization of all crypto assets is down to $3.460 trillion on CoinGecko. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Struggles at $96K, Will Crypto Correction Worsen This Week? (Market Watch) appeared first on CryptoPotato .
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Experts spotlight Rollblock, Near Protocol, and Render as top altcoins poised for 3,000% growth, leaving XRP out of the rally projections Table of Contents Rollblock: Transforming online gambling with web3 technology Near Protocol’s BlockDAG innovation sparks optimism Render holds strong amid market volatility Rollblock outshines XRP, Render, Near Protocol with 3000% growth potential Industry experts are buzzing about three altcoins set for substantial growth and are forecasting a 3,000% rally. Near Protocol is gaining popularity for its scalability and developer-friendly design, and Render is redefining decentralized digital rendering with its platform. Meanwhile, Rollblock , a rising star in crypto gambling, is capturing interest with its unique DeFi integration. XRP, however, is notably absent from these projections, making way for these exciting contenders. Rollblock: Transforming online gambling with web3 technology Rollblock (RBLK) is redefining the traditional casino model for the modern era through its web3-powered platform. With the online gambling market valued at $450 billion and projected to grow by 8% annually over the next decade Rollblock is perfectly positioned to disrupt this thriving sector. Unlike traditional casinos known for dishonest practices, Rollblock ensures complete transparency. Each transaction is saved on the Ethereum blockchain, enabling players to place bets securely and fairly. The platform offers over 7,000 immersive games, including poker, roulette, slots, and new titles, including Candyland and Cash Compass. Rollblock also launched a sports betting option last month, and this upgrade has received overwhelmingly positive feedback. Trust is at the heart of Rollblock’s mission, reflected in its gaming license from the respected Anjouan Gaming Authority. The casino also offers a revenue-sharing model that rewards holders. Weekly, a percent of the casino’s revenue will be used to buy back tokens, burning 60% and distributing the remaining to holders. The platform’s unique approach has attracted over 32,000 presale registrants, with RBLK tokens now priced at $0.043 in stage 9 of its ICO. Analysts believe this GambleFi gem has the potential for a meteoric rise, predicting a run to $10 by 2025 as Rollblock cements its place among the leaders in crypto gaming. You might also like: Amid market correction, ETH, TON traders see benefits of Rollblock’s deflationary crypto Near Protocol’s BlockDAG innovation sparks optimism Near Protocol has dropped by 10% to $5.02 during the last twenty-four hours as it enters a bearish market pattern. Despite that, its 24-hour trading volume jumped 81%, suggesting that investors are buying the dip. In comparison, XRP also slid by 6% during the same period. Over the last month, Near Protocol lost 11% of its value, decreasing from $5.60 to $5.02. Nonetheless, the protocol is continuing to improve its blockchain scalability features. Near Protocol’s adoption of BlockDAG technology is set to improve efficiency, delivering faster transaction speeds and enhanced security. This innovation positions Near Protocol as a candidate for blockchain leadership. Render holds strong amid market volatility Render’s value has dropped by nearly 8% over the last 24 hours and is now trading at $6.94. Despite the dip, trading volume surged by 52%, indicating steady investor confidence in Render amid market volatility. Recently, Render achieved a $5 billion market cap and solidified its position as one of the leading AI coins. Currently ranking third in social dominance among the top five AI cryptocurrencies, Render trails FET and VIRTUAL, both of which have gained traction in recent weeks. However, Render’s robust market presence keeps it a significant player in the AI and blockchain industries. While XRP faces challenges in the broader market downturn, Render’s continued advancements set it apart. Analysts suggest RNDR could hit $15 by Q1 2025, aligning with growing confidence in AI-focused cryptocurrencies, much like XRP’s steady appeal among institutional investors. Rollblock outshines XRP, Render, Near Protocol with 3000% growth potential While XRP, Render, and Near Protocol face notable declines, Rollblock is gaining momentum as the most promising contender for long-term growth. Unlike its struggling counterparts, RBLK shows impressive resilience and upward potential, making it a standout in the crypto market. For more information, visit the Rollblock presale website and join the online community. Read more: Rollblock vs Dogecoin vs Cardano: A quest for crypto with higher growth potential in 2025 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Experts spotlight Rollblock, Near Protocol, and Render as top altcoins poised for 3,000% growth, leaving XRP out of the rally projections. #partnercontent