Bitcoin’s resurgence in the wake of recent market fluctuations hints at a possible rally back above $100,000, driven by increased trader confidence. Despite encountering resistance at $98,000, the optimistic sentiment
Bitcoin futures data suggests bulls are ready to push BTC price back above $100,000.
According to Dow Jones Market Data, the S&P 500 has historically thrived in “Santa Claus rallies,” closing higher 77% of the time since 1950. In contrast, Bitcoin’s performance during this year-end trading window has been much less consistent, rising only half the time in 14 holiday seasons since its inception in 2010. While stocks stick to traditional trading calendars, Bitcoin's 24/7 market creates a slightly different year-end dynamic. According to Tyler Richey, technical analyst and associate editor at Sevens Report Research, Bitcoin’s trading volumes have been steadily decreasing since the BTC price surpassed $100,000 earlier this month. Related News: The Central Bank of South Korea issued a statement on Cryptocurrencies: A Positive Development “The decline in trading volume is a sign that bullish sentiment is waning,” Richey said in his comments. Despite this, Richey sees potential for a recovery. From a technical perspective, Bitcoin could rally toward $100,000 after recent weakness triggered by the Fed’s latest moves. “If we see a break above the congestion resistance at $100,000-$101,500 on the daily chart, a retest of the current close and intraday highs of $106,000-$108,000 would become extremely likely,” Richey said. *This is not investment advice. Continue Reading: Experienced Analyst Reveals: “For Bitcoin Price to Surpass $108,000…”
According to leading cryptocurrency trading companies, the election result has been a major driver of the recent sharp rise in over-the-counter (OTC) trading volumes. The head of Kraken Institutional, Tim Ogilvie, said that while prices are up, the volume is far higher. He confirmed that Kraken’s over-the-counter (OTC) trading volumes have increased by 220% in the past year, and other cryptocurrency trading companies have experienced a comparable rise. According to Brett Reeves of BitGo, two-thirds of the exchange’s recent volumes have come in the last three months as a result of the election’s outcome. In mid-2024, the OTC market had low trading volumes, but that changed as the election approached and traders wanted to capitalize on the results. OTC traders explore other liquid cryptocurrencies Desks have noticed that traders are becoming more open to exploring assets beyond well-known ones like Bitcoin (BTC) and Ethereum (ETH). This is because the rise in demand for Bitcoin (BTC) has caused OTC desk inventory levels to drop by the highest monthly volume in 2024. This year, the monthly inventory of Bitcoin OTC desks has been reduced by 26,000 BTC , and since November 20, it has also been reduced by another 40,000 BTC. Alternative coins like Solana (SOL), Binance Coin (BNB), Tron (TRX), and Aave (AAVE) have become well-known assets because of their high liquidity. Institutional players seek liquid markets, which allows them to execute larger trades efficiently, according to Ogilvie. Analysts expect over-the-counter desks will continue to have high demand for Bitcoin (BTC) and Ethereum (ETH) while traders investigate the potential expansion in the derivatives markets. They emphasized how big institutions are increasingly using options as a hedging tool. Options linked to Bitcoin ETFs have opened the door for cross-collateralized, affordable products, bringing cryptocurrency closer to conventional financial models. Analysts anticipate that more ETFs, possibly with Solana (SOL) or XRP included, will provide market stability and encourage adoption. The growth of these financial products is anticipated to draw in new funding sources, changing the over-the-counter and overall cryptocurrency environment. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
The United States and South Korea are reportedly partnering in a joint research initiative aimed at strengthening protections against the theft of crypto assets. According to a report by the Yonhap News Agency, the U.S. Department of Homeland Security and the government of South Korea signed an agreement to jointly develop technologies aimed at curbing attacks on crypto platforms and infrastructure as well as tracking stolen crypto assets. US and South Korean researchers will also focus on how stolen financial assets are laundered or converted into crypto assets using illegal ransomware or other techniques. Per the Yonhap News Agency, the US picked South Korea for the collaborative effort on crypto assets as the country’s neighbor and geopolitical rival North Korea is viewed as a major perpetrator of crypto heists. In August of 2022, for instance, blockchain analysis platform Chainalysis said that North Korea was responsible for most of the crypto heists happening on decentralized finance (DeFi) protocols. “Much of the value stolen from decentralized finance (DeFi) protocols can be attributed to bad actors affiliated with North Korea, especially elite hacking units like Lazarus Group. We estimate that so far in 2022, North Korea-affiliated groups have stolen approximately $1 billion of cryptocurrency from DeFi protocols.” Earlier this year, a member of a United Nations expert panel tasked with the monitoring of sanctions on North Korea reportedly disclosed that the hermit state uses the crypto mixer Tornado Cash to launder stolen crypto assets. The hermit state is said to use the proceeds of its crypto heists to fund its nuclear and missile programs. 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 South Korea Teams Up With US To Combat Crypto Heists and Efforts of North Korean-Linked Hackers: Report appeared first on The Daily Hodl .
The success of Lightchain AI's presale attracts Solana’s early investors. #sponsored
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The success of Lightchain AI’s presale attracts Solana’s early investors. Table of Contents Rising interest among Solana’s early backers Why presale tokens capture investor attention Lightchain AI’s roadmap and prospects Early investors in Solana are now turning their attention to Lightchain AI (LCAI) , a token making waves with its transformative fusion of blockchain and artificial intelligence. LCAI stands out with its potential real-world applications, decentralized governance, and Proof of Intelligence consensus. With a roadmap focused on reshaping AI development, Lightchain AI has sparked immense interest, positioning itself as a top contender in the evolving crypto landscape. Rising interest among Solana’s early backers Lightchain AI’s presale success has captured the attention of early Solana investors, drawn to its integration of AI and blockchain. Currently in Stage 8, the presale offers LCAI tokens at $0.00375, having raised over $4.16 million. This momentum reflects growing confidence in Lightchain AI’s potential to deliver scalable, decentralized solutions. Solana’s early backers see parallels in Lightchain AI’s focus on innovation and utility. The project will stand out with its seamless integration of artificial intelligence and blockchain, offering scalable and privacy-preserving solutions. For example, its Artificial Intelligence Virtual Machine (AIVM) will enable efficient execution of AI workloads, making it ideal for real-time decentralized applications. Moreover, the platform’s emphasis on decentralized governance and transparency fosters trust and inclusivity. These unique features will create a dynamic ecosystem that appeals to developers, enterprises, and investors seeking transformative blockchain solutions. You might also like: Seasoned trader: XRP firmly above $1, ADA and LCAI to steal the spotlight Why presale tokens capture investor attention Investors who buy tokens before they go on public markets get better chances for big gains as interest grows. Tokens such as Lightchain AI, sold during presale at $0.00375, show this draw by mixing low cost with hopeful new ideas Additionally, presales give a look into a project’s path and tokenomics, helping make smart choices. For Lightchain AI, special traits like Proof of Intelligence boost its potential,͏ pulling strong buyer attention. Lightchain AI’s roadmap and prospects Lightchain AI’s roadmap lays a strong foundation for transformation and long-term growth. With milestones like the development of the Artificial Intelligence Virtual Machine (AIVM) and testnet rollout, the platform is designed to address real-world challenges through scalable, decentralized solutions. These early phases set the stage for the mainnet launch and broader ecosystem expansion. Looking ahead, Lightchain AI’s focus on global adoption and cross-industry integration positions it as a transformative force in the blockchain and AI landscape. Its commitment to transparency, inclusivity, and scalability will ensure sustained growth. For more information on Lightchain AI, visit their website , whitepaper , X , or Telegram . Read more: Analysts: This altcoin has the potential to surpass established cryptos 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.
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . Merry Christmas and Happy Hanukkah to those who celebrate. Kwanzaa kicks off tomorrow too. While Santa’s elves worked hard in the holiday lead-up, bitcoin miners were busy raising money for different purposes. We touched on this phenomenon earlier this month. Bitdeer noted proceeds from its convertible senior notes offering would go toward datacenter expansion and mining rig development. Marathon and Riot Platforms have signaled the route of using raised capital to buy more BTC. More recent announcements from two other segment players continue to highlight that not all BTC miners agree on the best way to spend the capital they secure. Less than a week ago, Hut 8 touted its purchase of 990 BTC for $100 million (avg. price of ~$101,710). Two days earlier, CleanSpark CFO Gary Vecchiarelli noted his company was choosing not to pay such a price for BTC. Very pleased to incorporate this instrument into our capital stack and strategy. Instead of buying bitcoin at prices over $100k, we are investing in our ability to mine bitcoin at a cost under $40k. $CLSK #Bitcoin https://t.co/TZsn0jqayD — Gary A. Vecchiarelli (@GaryVec) December 17, 2024 I followed up with Vecchiarelli. He told me the company is “laser focused on producing bitcoin from our mining operations at a significant discount to the spot price.” The marginal cost to produce each coin last quarter was roughly $36,250, he explained. The company’s main 2025 growth priority is reaching a hash rate of 50 EH/s as soon as possible, while also growing its digital asset management group to manage its bitcoin treasury (9,297 BTC, as of Nov. 30). As Hut 8 buys more BTC, Marathon Digital has used capital from convertible notes to boost its BTC holdings to 44,394 BTC, as of Dec. 18. “We are happy to be different [from] those companies,” Vecchiarelli said, adding that CleanSpark’s healthy margins allow the company to build its balance sheet holdings “in a durable fashion.” Hut 8 CEO Asher Genoot made clear to me the company’s strategic bitcoin reserve is “a complement, not a substitute, to our core operating strategy, which prioritizes disciplined, fundamentals-driven growth.” The miner doesn’t have explicit price levels at which it would totally rule out buying BTC, Genoot added — but is “extremely sensitive to valuation extremes and [optimizes] for risk-adjusted returns.” Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.
A crypto strategist who nailed the pre-halving Bitcoin correction earlier this year is warning that BTC may head lower as resistance continues to strengthen. Pseudonymous analyst Rekt Capital tells his 523,400 followers on the social media platform X that Bitcoin is looking near-term bearish as it struggles to reclaim key support levels on the weekly chart while it chops around the $90,000 range. “[Monday], Bitcoin showed some signs of a relief rally after which price was rejected to almost new lows. [Tuesday], Bitcoin [was] rebounding yet again and once again into the old support. Overall, as long as the previously lost supports turn into new resistance additional downside should be expected. Conversely, a reclaim of these previously lost supports would obviously be bullish.” Source: Rekt Capital/X Source: Rekt Capital/X The analyst also says that a Bitcoin correction during these weeks of the current bull market cycle is not unusual based on historical precedence, and it could set the flagship crypto asset up for rallies. “BTC is offering more confirmation for additional downside than reasons to be bullish for the moment. Once Bitcoin clears its historically corrective weeks seven, eight and nine in price discovery the opposite will be true. It’s Christmas and this retrace is a gift.” Lastly, the analyst suggests that Bitcoin has about 38% left to complete in the bull market cycle based on previous cycles and that the final stage is traditionally the most explosive phase. “Bitcoin bull market progress: 62%. (Progress will speed up in the parabolic phase).” Source: Rekt Capital/X Bitcoin is trading for $98,151 at time of writing, up more than 125% in the last year. 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. Featured Image: Shutterstock/80’s Child The post Additional Downside for Bitcoin To Be Expected As Resistance Remains Strong, According to Analyst appeared first on The Daily Hodl .
Ripple CTO David Schwartz has publicly criticized the SEC’s regulatory approach, asserting that the cryptocurrency industry deserves clearer guidelines. In a pointed social media post, Schwartz’s comments align with heightened