Bitcoin struggles to maintain $96,500 after recent declines. Solana and Ethereum face challenges as key support levels weaken. Continue Reading: Bitcoin Faces Decline as Altcoin Market Struggles The post Bitcoin Faces Decline as Altcoin Market Struggles appeared first on COINTURK NEWS .
Russia recently enacted a ban on crypto mining operations in 10 regions until 2031, citing high energy consumption issues as the cause. Deputy Prime Minister Alexander Novak stated that this list might expand. Russia Issues Crypto Mining Restrictions in 10 Regions The future of cryptocurrency mining in Russia is in jeopardy. The Russian cabinet recently
Prediction markets Kalshi and Polymarket anticipate a slew of wins for crypto in 2025.
Meme coins ranked among the most popular crypto narratives of 2024, creating a divide between crypto tokens. Bitcoin stands out among top crypto tokens with 125% year-to-date gains and the meme coin category, or the “other tokens” hit a key milestone, crossing a market capitalization of $100 billion.
Meme coins ranked among the most popular crypto narratives of 2024, creating a divide between crypto tokens. Bitcoin stands out among top crypto tokens with 125% year-to-date gains, and the meme coin category, or the “other tokens”, hit a key milestone, crossing a market capitalization of $100 billion. Dogecoin ( DOGE ), Shiba Inu ( SHIB ) and Pepe ( PEPE ), the top three meme coins, have erased between 11% and 13% of their value in the past week. Bitcoin consolidates close to $95,000, nearly 12% below its all-time high of $108,353. Table of Contents Bitcoin vs meme coins, most popular narrative of 2024 Base, Solana, XRP memes dominate over blue-chip memes in speculative gains Institutional meme coin holdings tripled this year Dogecoin ETF likely in 2025? Bitcoin and meme coin divide runs deep Bitcoin vs meme coins, most popular narrative of 2024 Meme coins captured the attention of most crypto traders and emerged as a popular narrative this year. A CoinGecko report updated on Monday notes that the meme coin narrative captured a combined 30.67% of global investor interest. Meme trends and meme tokens rank among leading crypto narratives | Source: CoinGecko The report highlights that almost a third of crypto narrative interest this year was focused on speculative gains from meme coins. Traders placed a lower emphasis on fundamentals and turned their attention and capital towards dog and cat-related meme coins, pop culture references and internet personality-themed meme tokens. Meme coins have enjoyed a 6% year-on-year increase in interest from crypto market participants. While Bitcoin garnered institutional attention and capital allocation following the approval of Spot BTC ETFs in the US, four meme coin-based trends ranked among the top 20 narratives in crypto. Solana ( SOL ), Base, Artificial intelligence and cat-themed meme coins garnered between 14% and 8% of interest among crypto narratives. With meme coins cementing their place as a trending token category and trending this cycle, catalysts like institutional allocation and ETF approval could pave the way for further gains for holders. You might also like: SHIB and PEPE’s dominance is fading: This new crypto is making millionaires fast Base, Solana, XRP memes dominate over blue-chip memes in speculative gains In the first week of December, XRP-based meme coins yielded gains for holders amidst rising relevance and demand for the XRP Ledger and its native token XRP. Similarly, Solana and Base-based meme coins have secured a rank in the top 20 cryptocurrency narratives of the year, dominating the popularity of blue-chip meme coins. Dogecoin, SHIB and PEPE are typically considered blue-chip memes, with a market capitalization between $7 and $46 billion, as seen on CoinGecko. The top 3 tokens in the meme coin category observed a spike in active addresses and activity from traders within the first two weeks of December. Meme coins within top 100 | Source: CoinGecko In the last seven days, the top 3 tokens have erased double-digit value, according to CoinGecko data. Several other meme tokens have accumulated double-digit losses, barring Pudgy Penguins (PENGU). Institutional meme coin holdings tripled this year The wave of meme coin adoption drove institutions to tripe their holdings in the category. From February to March 2024, institutional investors’ spot holdings of memecoins climbed from $62.5 million to $204.8 million. This marks a 226% surge, a significant spike in interest in the memecoin market, according to Bybit’s report on institutional investment in meme coins. In the Bybit report, Eugene Cheung, Head of Institutions of Bybit, is quoted as saying: “Our report ‘Beyond the Hype’ shows that institutional and retail investors are actively leveraging the opportunities presented by the memecoin market. The strategic agility of institutions and the dynamic management by retail investors reflect a sophisticated engagement with these assets. We invite everyone to delve into the full report to understand these important dynamics better.” Dogecoin ETF likely in 2025? Rising institutional adoption has raised questions about the likelihood of approval from the U.S. financial regulator, the Securities and Exchange Commission, for meme coin ETFs. Nate Geraci, President of ETFStore expressed shock that an issuer has yet to file for a Dogecoin ETF, both in and outside of the U.S. Geraci believes the only possible downside of such a filing would be that it would mark a futile attempt and end up as a marketing expense for an issuer. The President of the ETFStore commented on the “DOGE” ticker since it is the ticker for the largest meme coin and would likely hold the highest relevance and demand among issuers in the future, Shocked an ETF issuer hasn't filed for Dogecoin ETF yet… What's the downside? Worst case, it's a marketing expense. Wonder which issuer is sitting on the "DOGE" ticker. — Nate Geraci (@NateGeraci) December 23, 2024 As the SEC greenlights the Bitcoin-Ethereum hybrid ETF, DOGE traders have hopes for a Dogecoin ETF approval in 2025. You might also like: This AI coin aims to be the Solana of 2025, experts think it’s possible Bitcoin and meme coin divide runs deep Ruslan Lienkha, Chief of markets at YouHodler told Crypto.news in an exclusive interview: “Dogecoin’s recent performance appears primarily speculative, driven by its association with Elon Musk, rather than any underlying fundamentals, as it still lacks substantial real-world use cases. However, a potential utility could develop in the future.” Lienkha comments on what divides Dogecoin and similar meme coins from Bitcoin. While Bitcoin has gained acceptance as “digital gold” and hedge against the devaluation of a fiat currency, Dogecoin and the like are considered speculative tokens. The Bitcoin and meme coin divide runs deep and could influence the approval of a meme coin ETF, further investment from institutional investors and retail participation in the category in the second leg of the bull market. Typically, a drawdown in Bitcoin ushers a steeper and market-wide correction, wiping recent gains from meme coins and hitting the market capitalization of the category negatively. The correlation with Bitcoin could continue to drag down meme coins, and in every instance, the largest crypto crashes or reacts to a market-moving event during this cycle. Disclosure: This article does not represent investment advice. 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The post Bitcoin Price To Hit $180000 by March 2025, Predicts Mike Alfred appeared first on Coinpedia Fintech News Bitcoin enthusiasts are buzzing over a bold prediction an industry expert, who claims that Bitcoin could soar to $180,000 by March 21, 2025. But is this a serious forecast or just another attempt to stir excitement in the crypto world? The Bold Prediction: Bitcoin to Reach $180K by March 21, 2025 In an interview with Scott Melker, Mike Alfred, a well-known figure in the crypto space and a former CEO, is making waves with his recent prediction that Bitcoin will hit $180,000 by mid-March 2025. According to Alfred, the first quarter of 2025 will be crucial for the cryptocurrency, with Bitcoin potentially making gains as we approach the Bitcoin halving event. “I think Q1 should be quite good,” Alfred said. “The next two to three months are key to this four-year cycle.” What’s Driving the Optimism? Alfred points to a number of factors driving the bullish sentiment for Bitcoin, including the upcoming Bitcoin halving and institutional investment. “This is the year before the big year,” Alfred explained, suggesting that 2025 will be the year when the full potential of the current cycle plays out. He believes that the first few months of 2025 will see explosive price increases, with Bitcoin potentially reaching $120,000 to $150,000 before March. The Road Ahead for Bitcoin and Crypto in 2025 Looking ahead to 2025, both Alfred and Melker agree that the upcoming year will be pivotal for Bitcoin and the broader cryptocurrency market. While Alfred’s prediction of Bitcoin reaching $180,000 by March is aggressive, the current market conditions and upcoming halving event make it seem more plausible than ever. As 2025 approaches, all eyes are on Bitcoin’s performance in the first quarter. Will the crypto market rally as expected, or will we see another disappointing dip? At the time of writing, Bitcoin is trading slightly below the $96k mark and has drifted into the red zone.
As Bitcoin ( BTC ) faces heightened volatility below the $100,000 resistance zone, on-chain data suggests the digital currency may face further declines in the coming days. Specifically, over 33,000 BTC valued at more than $3.23 billion has been transferred to cryptocurrency exchanges in the past week, according to data from prominent on-chain analyst Ali Martinez on December 27. Bitcoin exchange reserves chart. Source: CryptoQuant/Ali_charts A breakdown of the data shows a sharp uptick in Bitcoin exchange reserves, rising from 2.395 million BTC on December 18 to 2.428 million BTC by December 25. This movement coincided with a decline in Bitcoin’s price, which dropped from $105,000 to $98,400 over the same period. Notably, the rapid increase in exchange reserves could indicate that large holders, or whales, are preparing to liquidate their assets. Historically, such trends have been precursors to significant price corrections, as selling pressure outweighs buying demand. Bitcoin’s bearish outlook In a series of X posts, Martinez doubled down on the possibility of Bitcoin dipping further, noting the asset might plunge to as low as $60,000. He highlighted that the possibility of a drop is validated by Bitcoin breaking below its critical support zone at $97,300. According to data shared by Martinez, this level served as a stronghold for Bitcoin, with 1.51 million wallets purchasing approximately 1.49 million BTC in this range. Bitcoin In/Out of the money around price chart. Source: IntoTheBlock For the bearish scenario to be invalidated, the expert noted that Bitcoin must reclaim the $97,300 level and, more importantly, achieve a close above $100,000. A sustained breakout above this level could pave the way for a significant rally, potentially targeting $168,500. Similarly, financial educator Tony Vays warned that Bitcoin trading below $95,000 is “very bad” as it accelerates the probability of a correction to around the $73,000 zone. According to the analyst, dropping below $95,000 opens the door for the asset to slide to the $92,000 range, which “opens Pandora’s box” for a massive crash. ' @ToneVays believes that #Bitcoin $BTC trading below $95,000 is "very, very bad" because it increases the probability of a correction to $73,000! pic.twitter.com/sPLWYI6rit — Ali (@ali_charts) December 26, 2024 What next for Bitcoin Generally, Bitcoin has faced a challenging Christmas period, witnessing significant capital outflows , although the general bullish momentum remains for the long term. Notably, analysts believe the asset will likely hit new highs, aligning with post-election optimism that helped Bitcoin reach a record high of approximately $108,000. Looking ahead to the new year, there is anticipation that Donald Trump’s policies could propel Bitcoin to new heights, potentially doubling its value. For instance, banking giant Standard Chartered predicts Bitcoin could trade at a new high of $200,000 in 2025, driven mainly by institutional interest. Author and investor Robert Kiyosaki shares a similar bullish sentiment , seeing a $350,000 target as plausible, while prominent Wall Street analyst Tom Lee projects a $250,000 valuation for the leading cryptocurrency . Bitcoin price analysis Bitcoin was trading at $96,410, reflecting a drop of over 2% in the last 24 hours. On the weekly chart, BTC is down about 4%. Bitcoin seven-day price chart. Source: Finbold Regarding the technical setup, Bitcoin currently sits above its 50-day simple moving average ( SMA ) of $93,367 and well above the 200-day SMA at $70,470, indicating strong upward momentum. The 14-day Relative Strength Index ( RSI ) at 53.53 reflects a neutral stance, suggesting Bitcoin is neither overbought nor oversold. Featured image via Shutterstock The post Imminent Bitcoin price crash? Over $3 billion BTC moves to exchanges in a week appeared first on Finbold .
Trump Cyborg could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Cyborg (TRUMPCYB), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because TRUMPCYB 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, Trump Cyborg 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 Trump Cyborg could become the next viral memecoin. Trump Cyborg 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 Trump Cyborg 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 Trump Cyborg by entering its contract address – 9yaNQ89EaQ2nEDczZpuTZfDwfiYCxbwSYC4JeiWLDE57 – 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 TRUMPCYB. 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.
In a series C investment round, Elon Musk’s artificial intelligence venture xAI raised $6 billion. This adds to the $6 billion chunk xAI raised in May, making the total cash raised $12 billion. During the week, xAI revealed that Andreessen Horowitz (a16z), Blackrock, Fidelity, Nvidia, AMD, Lightspeed, Morgan Stanley, Valor Equity Partners Sequoia Capital, and Vy Capital took part in the investment round. Other heavy players from the GCC region joined the investment round as well. These include Kingdom Holdings, MGX, Oman Investment Authority (OIA), and Qatar Investment Authority (QIA). According to a public disclosure , Kingdom Holdings—the Saudi conglomerate holding company—invested around $400 million in the round. The disclosure also stated that xAI is now valued at $45 billion, almost twice its former valuation. In the announcement, xAI wrote, “ The funds from this financing round will be used to further accelerate our advanced infrastructure xAI is primarily focused on the development of advanced AI systems that are truthful, competent, and maximally beneficial for all of humanity.” Investors said that xAI has told them it wants to raise more money next year. xAI to be trained on data from Tesla and SpaceX xAI plans to train its models using data from Musk’s companies, including Tesla and SpaceX. The models could help those companies improve their tech. Currently, xAI manages SpaceX’s Starlink customer service. The AI startup is also negotiating with Tesla to undertake R&D for a percentage of its revenues. Tesla stockholders dislike these proposals. Musk has been sued for taking expertise and resources from Tesla to build xAI, which is considered a competitor startup. xAI’s partnerships and products have helped it make $100 million annually. OpenAI hopes to make $4 billion by 2024, while Anthropic expects $1 billion this year. Musk said this summer that xAI is training the next generation of Grok models at its data center in Memphis. The center was built in 122 days and is partly powered by portable diesel engines at the moment . Next year, xAI wants to improve the server farm, which has 100k Nvidia GPUs and double that number. GeForce GPUs are the best chips for training and running models because they can do many tasks at once . In November, Memphis’ regional electricity authority allowed xAI to add 150MW, enough to power 100,000 houses. To win agency clearance, xAI promised to improve the city’s drinking water and give Memphis cheaper Tesla batteries. However, other residents opposed the idea, arguing it would strain the grid and worsen air quality. In its first year, xAI had 12 employees. Today, Musk’s AI venture has 100 employees. T hey relocated to OpenAI’s old Mission headquarters i n October. In the third quarter of 2024, AI venture capital funding reached $31.1 billion. OpenAI and Anthropic were two of the biggest deals , worth billions each. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Ondo Finance has faced significant challenges in recent weeks, with its price dropping over 30% from its all-time high of $2.14. Despite the recent downturn, many analysts remain optimistic about ONDO’s potential for recovery, citing its strong performance earlier this cycle as evidence of its resilience. As one of the top-performing altcoins, ONDO has consistently attracted investor attention, leading to speculation about its next move. Related Reading: Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K? However, caution is warranted. Renowned analyst Ali Martinez recently shared a technical analysis warning that ONDO may be at risk of further correction. Martinez highlights the potential formation of a head-and-shoulders pattern on the price chart, a bearish signal often associated with trend reversals. If this pattern plays out, it could lead to increased selling pressure and a deeper pullback. The coming days will be critical for Ondo Finance as it navigates this pivotal moment. Investors will closely watch whether the token can defy bearish signals and reignite bullish momentum or if the feared pattern will confirm, leading to additional declines. For now, ONDO’s future hangs in the balance, with market sentiment and technical indicators offering conflicting signals about its short-term trajectory. ONDO Testing Crucial Demand Ondo Finance has faced a significant correction after its strong rally earlier in the cycle, now testing crucial demand levels at key price points. The token’s price halted at its previous all-time high, around $1.50, which now serves as a pivotal support level. If It holds above this mark, bullish momentum could return, potentially setting the stage for a renewed uptrend. However, top analyst Ali Martinez has raised concerns with a technical analysis that suggests ONDO may be forming a bearish head-and-shoulders pattern. This pattern, if confirmed, typically signals a trend reversal and could lead to increased selling pressure. Martinez warns that a decisive close below the $1.48 level could trigger a steep 30% correction, driving ONDO’s price down to approximately $1.05. Such a move would represent a significant setback for the token and its investors. Related Reading: Solana Sees Consistent Capital Inflows Since 2023 – Liquidity Influx Signals Growth To invalidate this bearish scenario, ONDO must reclaim the $1.86 level as support, a move that would signal strength and restore confidence in the asset’s bullish potential. Until then, the market remains at a critical juncture, with traders closely monitoring price action for clues about ONDO’s next direction. The coming days will be decisive in determining whether ONDO can recover or faces further downside risk. Technical Analysis: What To Expect Ondo Finance (ONDO) is currently trading at $1.49 after successfully testing the critical $1.46 support level highlighted by top analyst Ali Martinez. This level has proven to be a significant line of defense for ONDO, reflecting strong buying interest at this price. The token appears stable for now, but market participants remain cautious, as broader market conditions could still impact ONDO’s trajectory. The recent resilience at $1.46 is encouraging, suggesting that ONDO may be building a foundation for a potential recovery. However, a market-wide retrace could put additional pressure on ONDO, possibly driving its price lower and retesting critical demand levels. Investors are keeping a close eye on key technical levels for confirmation of a bullish rebound. Related Reading: XRP Whales Keep Buying – Data Reveals Smart Money Prepares For A Rally For ONDO to regain upward momentum, reclaiming the $1.70 level in the coming days is essential. A decisive move above this mark would signal renewed strength, paving the way for a bullish recovery and potentially retesting previous highs. Until then, ONDO remains in a delicate position, with traders monitoring broader market sentiment and the asset’s ability to sustain current support levels. The next steps will be crucial in determining whether ONDO can resume its uptrend or face continued consolidation. Featured image from Dall-E, chart from TradingView