The post Bitcoin Struggles to Reclaim $100K, Market Sentiments Remain Extremely Bullish—Will it Mark a New ATH at $110K? appeared first on Coinpedia Fintech News After recovering from the interim lows at around $92,400, the Bitcoin price has been consolidating below $95,000 for over a couple of days. As a result, these levels have become one of the pivotal levels to secure that could pave the way for the price to reclaim $100K at the earliest. While the technicals do not suggest a quick rebound, the bullish market sentiments suggest the price is expected to revive a strong rebound in a short while from now. The short-term price action of Bitcoin displays a constant formation of lower lows and highs that indicates the growing strength of bears.The price has also broken down from the rising parallel channel, which validates bearish claims. However, after displaying a fake breakout, the price may trap the bears at the lows as a major trend reversal is about to be stabilized as market participants continue to accumulate instead of panic selling. As per the Glassnode data shared by analyst Ali , the rise in the accumulation trend score suggests a strong buying interest among the market participants. The levels have been on constant rise since the November breakout; however, the recent sell-off has sparked some distribution. However, the levels remain within the bullish range and hence a rebound seems to be imminent. What’s next? Will BTC price Reclaim $100K Before the End of 2024? Although the BTC price has broken down from the bullish range, the token continues to trade within a bullish range. This indicates a flip could be on the horizon as the bulls are defending the support at $92,100 firmly for over a month. Now that the token has approached the last few days of the year, the bulls are expected to gain a huge dominance and revive a strong upswing soon. As seen in the above chart, the BTC price has broken the support of the rising parallel channel, which has circulated bearish waves. Even though the buying volume over the token remains around the average range, the impact of this is not seen as the price remains within the restrictive range. Besides, the DMI seems to be heading for a bearish crossover with the ADX heading towards the lower ranges. Additionally, the OBV, the balance-based indicator, maintains a consolidated descending trend, suggesting the trend is slowly shifting from bullish to bearish. The technicals suggest a pullback to the support at $92,000 at the moment, and if it rebound from this range, the BTC price may reclaim $100K; otherwise, a drop below $90,000 could be imminent.
In October, whales and institutions collectively spent $32.45 million USDC across 21 addresses to acquire 8.917 million $EIGEN tokens at an average price of $3.64 each. However, the selling phase has now begun, signaling caution for smaller investors. Since 7 PM last night, four significant addresses have redeemed 1,270,507 $EIGEN (valued at $5.02 million) from the EigenLayer staking contract. These tokens are being sold on-chain for ETH or USDC, further increasing selling pressure on the token. 这个 10 月份时通过 21 个地址花费 $3245 万 USDC 以 $3.64 的均价购买了 891.7 万枚 EIGEN 的鲸鱼/机构，从昨天晚上以来，开始在陆续赎回 EIGEN 并在链上出售了。 从昨晚 7 点以来，他们已经有 4 个地址从 EigenLayer 质押合约中赎回 1,270,507 枚 EIGEN ($5.02M) 并在链上正在出售换为 ETH 或… https://t.co/uG1UaMd1VZ pic.twitter.com/sF0Hxljysn — 余烬 (@EmberCN) December 22, 2024 Just a few days ago, $EIGEN reached a peak price of $5.60, enabling these large holders to secure profits of $17.65 million on their initial 8.917 million tokens. However, the token has since fallen sharply, hovering close to its original cost price of $3.64. Adding to the pressure, EigenLayer is scheduled to unlock $4.83 million worth of $EIGEN tokens (0.61% of total supply) on December 24. This event could introduce additional selling pressure, a common trend with newly launched tokens like $EIGEN, $ENA, and $MOCA. Investors should closely monitor this timeline as post-unlock periods often see increased volatility and significant price drops. That said, it’s worth noting that not all token unlocks result in declines. Some market makers have previously managed to defy expectations and sustain or even push prices higher, as seen with $APT. For now, $EIGEN holders should brace for potential turbulence while keeping an eye on market activity during the token unlock period. Understanding market dynamics and whale behavior remains crucial for navigating this highly volatile asset. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: Vintage Tone/ Shutterstock.com
A new crypto scam has emerged, targeting opportunistic users who attempt to raid cryptocurrency wallets with exposed seed phrases. According to cybersecurity firm Kaspersky, scammers are posing as naive crypto users by posting seed phrases in YouTube comments, luring victims into a cleverly orchestrated trap. In a December 23 blog post , Kaspersky analyst Mikhail Sytnik detailed the scheme. Comments left on finance-related videos often appear as innocent queries about transferring Tether (USDT) between wallets. These comments include seed phrases to a bait wallet containing $8,000 in USDT on the Tron network. The catch? To access the funds, an opportunist must first deposit a small amount of TRON (TRX), the network’s native token, to cover transaction fees. However, any TRX sent to the bait wallet is immediately rerouted to another wallet controlled by the scammers. Multisignature Wallets Add to the Trap What makes this scam particularly deceptive is the bait wallet’s configuration as a multisignature wallet. These wallets require approvals from multiple parties for outgoing transactions. Even after paying the transaction fees, would-be thieves find themselves unable to move the USDT, as they lack the necessary approvals. “This scheme essentially flips the script,” Sytnik explained. “Scammers are targeting other scammers in a digital Robin Hood-like fashion, exploiting their greed for personal gain.” This isn’t the first time crypto scams have turned on each other. In July, Kaspersky uncovered a more elaborate operation that lured victims via Telegram links leading to legitimate crypto exchanges . The trap included files that, when accessed, installed malware designed to siphon off data and digital assets. Rising Crypto Scam Cases Kaspersky’s Sytnik advised users to steer clear of accessing others’ crypto wallets, even if offered a seed phrase. “The risks far outweigh the potential rewards,” he cautioned. He also urged crypto enthusiasts to remain skeptical of strangers’ claims online, particularly those involving too-good-to-be-true opportunities. This serves as a stark reminder of the ever-evolving scam tactics in the crypto space , where greed often meets ingenuity. As Sytnik concluded, staying vigilant and ethical is the best defense against falling victim to these schemes. The post New Crypto Scam Baits Opportunists with Seed Phrase Trap appeared first on TheCoinrise.com .
Memecoins dominate investor interest in the 2024 cryptocurrency landscape. AI narratives show significant growth, particularly in collaboration with memecoins. Continue Reading: Investors Focus on Memecoins, AI, and Real-World Assets in 2024 Crypto Market The post Investors Focus on Memecoins, AI, and Real-World Assets in 2024 Crypto Market appeared first on COINTURK NEWS .
PEPE's rally was exceptional but faded away quicker than anticipated
Daddy Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Daddy Pepe (DADDPEPE), a new Solana memecoin that was launched today, is set to explode over 11,000% in price in the coming days. This is because DADDPEPE is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Daddy Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Daddy Pepe could become the next viral memecoin. Daddy Pepe launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Daddy Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Daddy Pepe by entering its contract address – 9UFnMabUe7wecdEEzAYPoQPZiuTJ1hTFpNz6qtsiB3FA – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DADDPEPE. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
The cryptocurrency market is seeing significant volatility, with Bitcoin (BTC) experiencing a substantial drop in value, shifting investor sentiment dramatically. Despite the downturn, many analysts remain optimistic about the long-term
XRP is navigating an environment of volatility as its push toward $3 resistance appears to have stalled amid the broader market correction. Despite the current market sentiment, XRP is witnessing increasing buying pressure from whales, a key factor likely to spur price growth. At press time, XRP was trading at $2.24, having rallied over 1% in the last 24 hours. Over the past seven days, the Ripple -affiliated token has plunged almost 17%. XRP seven-day price chart. Source: Finbold A review of on-chain metrics shared by prominent analyst Ali Martinez on December 24 indicates that XRP whales acquired 40 million tokens within 24 hours. XRP whale transaction chart. Source: Santiment/Ali_charts Indeed, this buying pressure comes as a major vote of confidence for XRP, especially considering the token has recently faced sustained selling pressure. For instance, as reported by Finbold on December 19, XRP recorded a $7 billion outflow in capital in a single day, mirroring the general market trend. XRP price prediction If history repeats itself, XRP could be gearing up for a potential upward move, as large-scale accumulation by whales has often preceded price growth. Regarding potential price action, Finbold turned to OpenAI’s artificial intelligence (AI) tool, ChatGPT-4o , for insights into how the asset might trade amid the current investor interest. According to the AI tool, the impact of whale accumulation would likely take effect within a week and could be influenced by external factors such as overall market sentiment. Over the next 24 to 48 hours, the whale transactions and increased buying pressure may push the price to $2.30 to $2.40. The platform further noted that sustained buying momentum within three to five days could drive XRP to trade between $2.50 and $2.60, with potential consolidation at those levels. If bullish sentiment continues, XRP may challenge the $2.75 and $3 resistance zones within a week, provided no adverse market events occur. Conversely, in a bearish scenario, the price could retrace and stabilize around $2.15 to $2.20. XRP price prediction. Source: ChatGPT/Finbold Away from whale activity, XRP remains susceptible to market trends, with elements such as the Ripple and Securities and Exchange Commission ( SEC ) case being a key influence. Notably, part of XRP’s recent breakout from prolonged consolidation below $1 was driven by the news of Gary Gensler’s exit from the SEC. What next for XRP As things stand, XRP investors hope for further upward movement if the asset maintains its valuation above the $2 support level. The token recently saw significant capital outflows that pushed it below this critical mark. XRP could rally further, as it is trading above its 50-day simple moving average ( SMA ) of $1.61 and the 200-day SMA of $0.81, pointing to possible bullish sentiment in the short and long term. Elsewhere, the 14-day Relative Strength Index ( RSI ), currently at 55.19, lies in the neutral zone but leans slightly bullish, suggesting that XRP is neither overbought nor oversold. This leaves room for further price movement depending on shifts in market sentiment. Featured image via Shutterstock The post XRP price prediction as whales amass 40 million tokens in 24 hours appeared first on Finbold .
The post Crypto Market Today (Dec 24, 2024): Bitcoin Price at $93k | PENGU, BGB Among Top Gainers! appeared first on Coinpedia Fintech News The crypto market is now stabilizing after facing a rough patch, with the total market cap now holding firm roots at $3.31 trillion. The intraday trade however saw a decline of 1.50%, taking the numbers to $150.08 billion. Meanwhile, the Fear & Greed Index has managed to stay at a neutral score of 55, highlighting a balance in market sentiments. Bitcoin Price Drops to $93k? Bitcoin price witnessed a dip of 2.14% in the last 24 hours, with its price at $93,990.75. Despite the decline, trading volumes for BTC increased by 2.99% to $54.79 billion, hinting at heightened interest in trading during the price dip. With a market cap of $1.86 trillion, Bitcoin’s recent price movement reflects cautious investor sentiment in a neutral market. For a detailed outlook, check out our Bitcoin Price Prediction Altcoins in Focus: ETH, SOL, XRP Surge Ethereum outperformed most major altcoins, posting a 1.51% gain to trade at $3,395.50. Solana showed impressive momentum, climbing 4.04% to reach $191.53. Meanwhile, XRP saw a modest rise of 0.94%, now priced at $2.23. These movements suggest that select altcoins are attracting more attention amid Bitcoin’s sluggish performance. Explore our Ethereum Price Prediction for deeper insights into ETH’s potential path. Top Gainers and Losers Among the top-performing tokens, PENGU led the charge with a remarkable gain of 28.60%, followed by BGB , which climbed 21.35%, and ZEC , up 16%. Conversely, FTM dropped 4.05%, while XMR and BTC lost 3.26% and 2.16%, respectively. FAQs How is the cryptocurrency market sentiment today? The Fear & Greed Index stands at 55, indicating a neutral sentiment in the market. Which tokens were the top gainers today? The top gainers were PENGU (+28.60%), BGB (+21.35%), and ZEC (+16%). How has Ethereum (ETH) performed? Ethereum (ETH) rose by 1.51% in the past 24 hours, reaching $3,395.50.
Bitcoin price drama? "Rich Dad Poor Dad" author Kiyosaki says "cry babies cry"