Hester Peirce anticipates positive changes in crypto regulations under new SEC leadership. Approval of cryptocurrency ETFs may become more likely with supportive commissioners. Continue Reading: Hester Peirce Predicts Positive Developments in the Crypto Sector Under New SEC Leadership The post Hester Peirce Predicts Positive Developments in the Crypto Sector Under New SEC Leadership appeared first on COINTURK NEWS .
Cardano price has dropped below the $1 support level amid a broader crypto market crash. This decline aligns with BTC fall below $100k, signaling bearish market sentiment. Building on the bullish trend from the previous month, the ADA price now seems to be experiencing some pullback. Crypto Analyst Peter Brandt highlights potential further declines as market conditions weigh heavily on the cryptocurrency’s short-term outlook. Peter Brandt Explains the Next Chapter for Cardano Price Trends Crypto Expert Peter Brandt has tweeted his bearish outlook on Cardano price, predicting a potential significant price decline. Highlighting a “head-and-shoulders” pattern on a recent chart, Analyst suggests that ADA price could dip to $0.91. The analysis reveals that ADA is having a hard time to maintain its upward movement, and the current market situation shows increasing selling pressure. Source- X Cardano price faced pressure after the Federal Reserve concluded its December meeting with a 25-basis-point rate cut. Despite meeting expectations with its third consecutive cut, hints of fewer cuts in 2025 caused bearish ripples in the crypto market. Bitcoin dipped below $100k , while Cardano traded near critical support levels. Notably, large ADA transactions totaled $15.8 billion on DEC 2. However, whale investors have reduced demand, impacting market sentiment. Data reveals that large ADA transactions dropped to $2.9 billion by December 18. This reflects a significant $13 billion decline from the monthly peak. The reduced whale activity raises concerns about ADA’s support levels, suggesting sustained market uncertainty heading into 2025. Santiment Can ADA Price Hit $0.5 Following The Bearish Trend? As of the reporting time, the ADA price is trading at $0.885, with a 5% decrease in the past 24-hours. The MACD indicator indicates ongoing bearish pressure. Both the MACD and signal lines remain in negative territory, suggesting sellers still dominate the market. However, a narrowing histogram indicates weakening bearish momentum, signalling the possibility of consolidation or an upward reversal. Source: TradingView If the bearish momentum continues, the Cardano price prediction could breach the $0.8 support level, potentially declining toward $0.7 or even $0.5. However, if the bullish momentum takes over, ADA could rally toward the $1 mark and retest the critical $1.10 resistance. Cardano price faces mounting bearish pressure, with analysts eyeing critical support levels near $0.8. Future price action hinges on market sentiment, whale activity, and the broader cryptocurrency market trends. The post Peter Brandt Reavels What Cardano Price Could Do Next appeared first on CoinGape .
Emerging from the shadows, a low-priced altcoin is capturing the attention of market analysts with predictions of outperforming giants like Cardano and Polkadot by 2025. As the crypto market surges, this under-the-radar token could be poised to become the next major player. Investors are buzzing about its potential, sparking curiosity about which coins might be set for significant growth. One contender is XYZVerse (XYZ), the pioneering all-sport memecoin blending meme culture with sports. With ambitions to surpass prior tokens’ impressive gains, it aims for exponential growth through community engagement. Score Big with XYZ: The New Meme Coin Heavyweight The fans are losing it! The XYZ token is in the crypto ring, landing blows on the competition – bullshit coins, worthless farming schemes, and scam projects. Like a true champ, this first-ever all-sports meme token has fought its way through the bear market with fearless momentum and shows no signs of slowing down. With eyes set on a roaring 9,900% growth, XYZ is destined to leave the 2024 meme coin triumphants like BOME and WIF trailing in its wake. Own the field, earn while the crowd plays XYZ is more than just a benchwarmer in the meme coin game; it’s creating the ultimate playing field with XYZVerse, where the thrill of sports meets the energy of meme culture. With a roadmap equipped with entertainment dApps, prediction markets, and sports betting options, XYZ is poised to draw in millions of gamblers ready to join the action. Remember Polymarket’s massive $1 billion trading volume during the US election betting fever? XYZ is gearing up for an even bigger win in the GameFi arena, letting its stakeholders cash in on the perfect combo of meme coin vibes, sports hype, and crypto mass adoption. Missed meme coin supercycle? By capitalizing on the ever-expanding gambling niche, XYZ is set to become the G.O.A.T of meme coins. BOME’s 5,000% takeoff and WIF’s 1,000% year-to-date rally are now relics of the past because XYZ is set to explode by over 9,900% from its current price by the TGE and outshine its sensational predecessors. Get in the game early to secure your spot – currently undervalued, XYZ is going the distance to break new records! Rallying the community, securing the win XYZVerse will be the MVP in this bull run, giving the community the control to call the plays and steer the ecosystem’s direction. Active contributors will receive airdropped XYZ tokens as a reward for their dedication. With rock-solid tokenomics and plans for both CEX/DEX listings, XYZ is positioned for a championship run, ensuring a steady revenue flow and consistent token burns to keep the scoreboard in favor of a strong price and a thriving community. >>The XYZ presale is live – don’t miss out on this knockout 9,900% opportunity! Cardano (ADA) Cardano (ADA) has experienced notable fluctuations lately. In the past month, its price jumped by 33.47%, showing strong upward momentum. However, the last week saw a decline of 10.12%. Despite this short-term drop, over the past six months, ADA has soared by 159.15%, indicating impressive long-term growth. Currently, ADA trades between $0.94 and $1.22. The nearest resistance level is at $1.35. If the price breaks above this point, it could aim for the second resistance at $1.64, which would be an increase of over 30% from current levels. On the downside, the nearest support is at $0.78, and a fall to the second support at $0.50 would represent a significant decrease of more than 40%. Technical indicators present a mixed picture. The 10-day Simple Moving Average is $0.97, slightly below the 100-day average of $1.06, suggesting recent downward pressure. The Relative Strength Index sits at 41.14, approaching oversold territory, which might signal a potential rebound. The MACD level is -0.0195, indicating a bearish trend. Considering these factors, ADA’s price could either rally towards the resistance levels if buying interest increases or decline towards support levels if selling continues. Polkadot (DOT) Polkadot (DOT) has seen significant movement in its price over the past months. In the last week, the price dropped by -15.89%. However, over the past month, it has risen by 25.75%. Looking at a six-month period, DOT has increased by 34.94%. This shows a volatile but overall upward trend in the longer term. Based on these figures, there is potential for DOT’s price to rise. The current price range is $7.48 to $10.47. The Simple Moving Average over 10 days is $7.65, while over 100 days it is $8.57. The Relative Strength Index (RSI) is at 33.45, suggesting that DOT might be approaching oversold territory. This could indicate a possible price increase in the near future. If DOT continues to climb, it may test the nearest resistance level at $11.93. This would represent an increase of over 50% from the lower end of the current price range. If the price falls, it could find support at $5.95, which is about 20% below the current range. Traders should watch these levels closely as indicators of future movement. Conclusion While ADA and DOT are strong assets, XYZ’s unique sports-meme platform and ambitious growth strategy position it as a potential leader in the current bull run. You can find more information about XYZVersus (XYZ) here: Site , Telegram , X Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
World Liberty Financial’s recent activities have propelled the COW token’s value by over 30%, signaling a notable trend in the DeFi market. The project’s strategic acquisitions reflect a concerted effort
Bitcoin’s supply dynamics are shifting dramatically, with demand surging and available sell-side inventory shrinking to its lowest levels in over four years, according to research from Cryptoquant and its analysts. Bitcoin Market Faces Supply Shock as Sell-Side Liquidity Hits Four-Year Low This evolving landscape suggests a tightening market that could have long-term implications for crypto
Binance Futures has announced the launch of new USD-margined perpetual contracts, including Solana’s Fartcoin (FARTCOIN), with leverage up to 75x. The contracts were introduced on December 20, 2024, providing traders with expanded options to engage in high-leverage trading on the Binance platform. Binance Futures Adds AIXBT, KMNO, and Solana’s Fartcoin Perpetual Contracts According to a recent blog post , Binance Futures introduced USD-margined perpetual contracts for AIXBT, KMNO, Solana’s Fartcoin, and CGPT. The contracts offer a maximum leverage of 75x, allowing traders to optimize their positions and manage risk effectively. The schedule for the contract launches began with the AIXBTUSDT perpetual contract at 18:30 (UTC), followed by the FARTCOINUSDT contract at 18:45 (UTC). The KMNOUSDT and CGPTUSDT contracts were subsequently introduced at 19:00 (UTC) and 19:15 (UTC), respectively. Moreover, these contracts are designed to cater to diverse trading needs. Trading hours are 24/7, with funding fee settlements occurring every four hours. The funding rate is capped at +2.00%/-2.00% at launch, ensuring a stable trading environment. In addition, the top crypto exchange supports Multi-Assets Mode for these perpetual contracts. This feature enables users to trade the new contracts using alternative margin assets, such as BTC. More so, Multi-Assets Mode provides traders with greater flexibility and capital efficiency. It reduces the need for converting holdings into specific assets, streamlining the margin process across all supported contracts. Contract Specifications and Price Action The contracts come with specific tick sizes and settlement mechanics. AIXBT and KMNO contracts have a tick size of 0.00001, while Solana’s Fartcoin (FARTCOIN) contracts feature a tick size of 0.0001. All contracts are settled in USDT, ensuring consistent valuation and trade execution. Following the announcement of its perpetual contract, Solana’s Fartcoin price surged from approximately $1.10 to $1.21 later in the day. This increase of over 10% highlights heightened market interest and trading activity. Similarly, AIXBT price showed a significant movement following announcements. Before the Binance Futures perpetual contract announcement, the price was approximately $0.2522. Shortly after the Binance listing news, AIXBT price peaked above $0.28 before stabilizing around $0.2613. Meanwhile, Kamino Finance (KMNO) and ChainGPT (CGPT) demonstrated notable price movements in the last 24 hours following the announcements of their USD-margined perpetual contracts. KMNO price climbed from approximately $0.1726 to $0.1899, marking a 10 increase. Following suit, CGPT saw an impressive surge in its value, jumping from around $0.17 to $0.2093, representing a 22% increase in 24 hours. This growth was accompanied by a rise in trading volume, indicating strong demand among traders. Moreover, the listing follows recent Binance Futures moves to list high-demand tokens. Most recently, Moca Network MOCA token was added with 75x leverage, driving its price up 160% to $0.22. Trading volume surged 7558% to $1.34 billion, and Futures Open Interest jumped 1297% to $35.64 million. The post Binance Futures Launches Perpetual Contracts For Solana’s Fartcoin appeared first on CoinGape .
Bullish, the parent company of crypto news outlet CoinDesk, dismissed three top editors on Friday, citing restructuring and cost-cutting measures. The firings, however, followed internal controversy over the removal of an article critical of Tron founder Justin Sun , raising concerns about the publication’s editorial independence. Kevin Reynolds, CoinDesk’s editor-in-chief, along with deputy editors Marc Hochstein and Nick Baker, were informed of their termination via email. This news comes as a result of Leo Schwartz’s reporting at Fortune . You might also like: Hawk Tuah girl addresses botched meme launch Bullish complied with Sun’s demands The turmoil began in November when CoinDesk published an article about Sun’s purchase and consumption of a $6.2 million banana art piece. The story highlighted the stunt’s absurdity while also touching on Sun’s legal issues, including fraud charges from with the SEC . Sources told Fortune that Sun’s team demanded the article’s removal , deeming its tone inappropriate. Bullish, which acquired CoinDesk for $75 million in 2023, complied, pulling the piece without issuing a retraction notice. This decision led to the resignation of Matt Murray, a former Wall Street Journal editor, who chaired CoinDesk’s editorial committee. In an email to staff, CoinDesk CEO Sara Stratoberdha defended the layoffs as a step to boost productivity and reaffirmed the company’s commitment to journalistic integrity. However, according to Schwartz, newsroom insiders remain skeptical, with some considering resigning. CoinDesk owners Bullish fired the publication's three top editors, including EIC Kevin Reynolds, this morning following newsroom controversy over the removal of an article about billionaire Justin Sun: https://t.co/kKBKGIbugB — Leo Schwartz (@leomschwartz) December 20, 2024 Critics within the newsroom suggested the removal was influenced by Tron’s sponsorship of CoinDesk’s flagship conference, Consensus, which is expanding to Hong Kong. Staff members called for transparency, arguing the incident undermines Bullish’s promises to protect editorial independence. You might also like: Trump’s World Liberty buys 759 ETH amid price dip
Bullish, the parent company of crypto news outlet CoinDesk, dismissed three top editors on Friday, citing restructuring and cost-cutting measures. The firings, however, followed internal controversy over the removal of an article critical of Tron founder Justin Sun, raising concerns…
Quantum BioPharma Ltd., a Nasdaq-listed biotech and medical research company, has purchased $1 million in Bitcoin and other cryptocurrencies as part of a strategic move approved by its board of directors. The company plans to allow future financings and transactions in cryptocurrency, signaling confidence in the evolving crypto market. The company disclosed that the cryptocurrency assets are held with a compliant custodian to ensure adherence to financial and audit regulations. Its leadership believes the investment aligns with the growing legitimacy of digital assets and the potential for shareholder returns. Zeeshan Saeed, CEO of Quantum BioPharma, cited advancements in Bitcoin’s ( BTC ) legal status and market acceptance as key factors behind the decision. He also pointed to renewed optimism for crypto policies under President-elect Donald Trump and the introduction of Bitcoin-based exchange-traded funds by global asset managers. “We are exploring innovative ways to grow our capital not being used in operations,” Saeed said in a statement. The company emphasized its commitment to monitoring market conditions and adjusting its cryptocurrency holdings as needed. This marks Quantum BioPharma’s entry into a growing trend where traditional companies diversify assets with Bitcoin and other digital currencies to capitalize on emerging financial trends. You might also like: Hawk Tuah girl addresses botched meme launch Bitcoin reserves the new business norm? This move comes amid a broader institutional shift toward crypto adoption, as businesses and asset managers increasingly integrate digital assets into their financial strategies. Travala, a crypto-based travel booking platform, also recently introduced a Treasury Reserve Plan after exceeding $100 million in annual revenue. The plan involves holding reserves in Bitcoin and its native token to bolster financial stability and growth. Genius Group also expanded its Bitcoin treasury by acquiring 194 Bitcoin for $18 million at an average price of $92,728 per Bitcoin. The move aligned with its “Bitcoin-first” strategy, which aims to allocate 90% of reserves to Bitcoin with a $120 million target. You might also like: Vivek Ramaswamy’s X account hacked to promote fake crypto partnership
Quantum BioPharma Ltd., a Nasdaq-listed biotech and medical research company, has purchased $1 million in Bitcoin and other cryptocurrencies as part of a strategic move approved by its board of directors. The company plans to allow future financings and transactions…