Bitcoin has gained 6.5% since its Dec. 23 low of $92,458 but failed to break the $98,000 resistance level. This recovery follows a sharp 14.5% correction from its $108,275 all-time high on Dec. 17. Despite the recent volatility, Bitcoin derivatives maintained a neutral-to-bullish stance, supporting the potential for a rally above $105,000. Derivatives Signal Market Optimism Bitcoin futures monthly contracts are trading at a 12% premium over spot prices, signaling strong demand for leveraged long positions. Premiums between 5% and 10% are considered neutral, making the current level robust. Additionally, Bitcoin put (sell) options are at a 2% discount compared to call (buy) options. When significant corrections are expected, this indicator typically exceeds 6%, showing a preference for puts. Traditional Market Recovery Boosts Bitcoin Traditional financial markets also supported Bitcoin’s recent rise above $98,000. The S&P 500 index erased its monthly losses on Dec. 24, and the US 10-year Treasury yield climbed to 4.59%, up from 4.23% two weeks earlier. Higher Treasury yields often reflect inflation expectations, making scarce assets like Bitcoin more attractive during economic uncertainty. Economic Concerns and Stagnation Fears Bitcoin’s correlation with the S&P 500 index remains high at 64%, tying its performance to broader economic trends. The US Federal Reserve has reduced its 2025 interest rate-cut projections from four to two, lowering the immediate risks to corporate earnings and real estate markets. Margin and Derivatives Markets Stay Bullish On OKX, the Bitcoin long-to-short margin ratio is at 25x in favor of longs. Excessive confidence typically pushes this ratio above 40x, while bearish sentiment sees it drop below 5x. Despite record outflows from BlackRock’s iShares Bitcoin Trust ETF on Dec. 24, Bitcoin’s resilience at $92,458 reinforces optimism about reaching $105,000 and beyond.
If the vote is approved and the ETP goes ahead, Floki DAO will join Dogecoin as the second memecoin to have a registered ETP.
Winter Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Winter Pepe (PEPEWINT), a new Solana memecoin that was launched today, is set to explode over 17,000% in price in the coming days. This is because PEPEWINT 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, Winter 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 Winter Pepe could become the next viral memecoin. Winter 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 Winter 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 Winter Pepe by entering its contract address – CUreLFB9SJmu6WEpotjmLJgt1khhdpneukDRJsbXFCGM – 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 PEPEWINT. 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.
BIO Protocol has announced a strategic initiative aimed at expanding its influence within the rapidly evolving crypto landscape by integrating into the Solana ecosystem. This community-driven proposal seeks to deploy
COINOTAG News reported on December 26th that prominent **on-chain analyst** Yu Jin has noted significant activity within the **CREAM** token ecosystem. Huang Licheng, known as **Machi Big Brother**, has recently
Switzerland-based Hashgraph Group has received a fund management license from the Abu Dhabi Global Market (ADGM) in the…
Riding political shifts, regulatory optimism and growing institutional interest, these three coins delivered monumental gains this past year.
Ethereum continues to attract attention despite market fluctuations. Institutional demand is positively impacting ETH's price and market sentiment. Continue Reading: Ethereum Attracts Significant Attention as Market Dynamics Shift The post Ethereum Attracts Significant Attention as Market Dynamics Shift appeared first on COINTURK NEWS .
In a noteworthy development within the cryptocurrency arena, data from Spot On Chain revealed that prominent whale, James Fickel, executed a significant transaction involving 3,500 ETH, valued at approximately $12.1
A closely followed crypto analyst believes top memecoin Dogecoin ( DOGE ) is gearing up to unleash another parabolic rally. Crypto strategist Ali Martinez tells his 103,200 followers on the social media platform X that Dogecoin may be following in the footsteps of its 2017 and 2021 market cycles when the memecoin ignited a meteoric ascent after witnessing a severe correction. “In 2017, when Dogecoin began a parabolic run, it surged 212%, retraced 40%, then rallied 5,000%. In 2021, it went up 476%, retraced 56%, then skyrocketed 12,000%. Now, in 2024, DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way!” Source: Ali Martinez/X Looking at the trader’s chart, it seems that he predicts Dogecoin will soar above $1 if his parabolic rally materializes. Zooming in, Martinez says DOGE is flashing a bullish signal on the daily chart based on the Tom DeMark (TD) Sequential Indicator. Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. “The TD Sequential presents a buy signal on the Dogecoin DOGE daily chart, anticipating a price rebound!” Source: Ali Martinez/X At time of writing, DOGE is worth $0.32. Turning to Bitcoin ( BTC ), the trader says that the crypto king may be mirroring its early 2024 price action when it breached an immediate support level before triggering new rallies. “Throw it back! Bitcoin BTC.” Source: Ali Martinez/X Based on the trader’s chart, he seems to predict that Bitcoin will briefly dip below $90,000 if it follows the early 2024 pattern. At time of writing, Bitcoin is worth $94,133. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Another Parabolic Rally on the Way for Dogecoin if History Repeats, Says Crypto Strategist – Here’s His Outlook appeared first on The Daily Hodl .