Render's whale activity dip raises questions as 70% of its holders have been in profits.
After the US Federal Reserve announced a 25 bps rate cut on Wednesday, the Bitcoin price came crashing under the $100K level to trigger the broader crypto market crash. The selling pressure was a reaction to the Fed’s future monetary policy guidance for 2025 and coming years. Along with Bitcoin, altcoins also faced strong pullback correcting to the tune of 10% and more. Top altcoins such as Ethereum (ETH), Dogecoin (DOGE), XRP, Solana (SOL), and others corrected 5-10% triggering more than $860 million in liquidations. Crypto Market Crash Saw Over $860 Million in Liquidation Bitcoin Price Drops Following Fed’s Hawkish Stance for 2025 On Wednesday, the US Federal Reserve announced its third rate cut of 25 bps on the expected lines with Jerome Powell setting up a hawkish undertone for 2025. Powell stated that the US central bank will proceed with only 2 rate cuts in 2025, against the anticipated 4 rate cuts. This was enough to send the Bitcoin price crashing under the crucial support of $100K levels. Thus, this recent correction has wiped out all the weekly gains for BTC, after hitting an all-time high above $108K earlier this week. Jerome Powell stated that the Fed remains committed to bringing inflation under the desired 2% target. The Fed chair also stated that achieving the 2% inflation target could take 1-2 years further adding to the hawkish tone. BTC Performs Better Than S&P 500 Despite Crypto Market Crash Blockchain analytics platform Santiment reported that BTC had shown a greater relative strength in comparison to the drop in the S&P 500. “This can actually be interpreted as a sign of strength once the dust settles over the next 24-48 hours,” noted Santiment. Source: Santiment Also, a majority of the US Bitcoin ETFs registered net outflows including Bitwise’s BITB, Invesco’s BTCO, Ark Invest’s ARKB, and Grayscale’s GBTC amid today’s crypto market crash. However, BlackRock’s IBIT saw a strong $356 million in inflows cancelling the overall negative impact. Despite the current turbulence, crypto market analysts continue to remain positive. Popular economist Alex Kruger wrote: “Next week is Xmas, which may change things. In my book BTC bouncing off 98 and SOL off 195 would be ideal. And then, up only into inauguration. Euphoria and leverage have been largely flushed out from crypto already, which should minimize the downside. Bigger picture unchanged IMO.” Bank of Japan Keeps Interest Rates Unchanged The Bank of Japan maintained its short-term policy rate at -0.1% on Thursday, choosing to monitor wage growth and inflation trends before making any adjustments. The widely expected decision underscores a cautious approach to monetary policy. In response, the yen weakened further, slipping past the critical 155 mark against the dollar, as the central bank refrained from raising borrowing costs. As a result, BTC price bounced back from the lows of under $100K and is currently trading at $101,020 as of press time. As per Coinglass data, the 24-hour BTC liquidations have soared to $148 million with $114 million worth of long liquidations. Altcoins Register Steeper Fall Than Bitcoin Along with the price of Bitcoin down today, altcoins faced an even greater fall with ETH, DOGE, XRP, and SOL all plunging between 5-10%. Other altcoins saw an even greater correction of between 10-20% in today’s crypto market crash. Crypto market data provider Santiment reported significant declines across several major altcoins over the past 24 hours. Avalanche (AVAX), Chainlink (LINK), and Litecoin (LTC) each dropped 16%, while meme coin Pepe (PEPE) fell 17%, reflecting widespread market turbulence. Santiment noted that while the pullback has been sharp, it could present an opportunity for dip buyers. “If this was indeed an overreaction, there is a reasonable chance that the projects with the biggest drops will offer the most attractive buying opportunities,” the report suggested. Well, this total crypto market volatility has led to total crypto market liquidations soaring to $860 million, per the Coinglass data . The 24-hour long liquidations have surged to $684.93M million while $200 million in short liquidations amid the crypto market crash. As CoinGape reported, altcoin season index has come crashing further to 55 leading to speculation of the end of the altcoin season. As per the Blockchain Center data, the altcoin season index is currently at 55, testing the crucial support of 50. Crypto market analysts expect a bounce back from here. Source: Blockchain Center ETH Price Bounces Back from Crucial Support Levels The ETH price crashed nearly 6% but bounced back from the crucial support of $3,550. Crypto analyst IncomeSharks highlighted Ethereum’s resilience amid recent market fluctuations, noting that the Supertrend indicator remains intact and bullish. “Ethereum ($ETH) hasn’t broken its Supertrend, maintaining a bullish outlook,” the analyst stated. “Currently, prices are holding at support levels, and in such conditions, shorting is not advisable.” Source: IncomeSharks XRP Price Rally to Continue Amid Crypto Market Crash? Amid the broader crypto market crash, the XRP price has dropped 6.2% all the way to $2.25. Crypto analyst IncomeSharks has highlighted a critical juncture for XRP as it tests its Supertrend support. “If bulls can defend this Supertrend level and establish a bullish consolidation pattern, it could provide a strong rationale for re-entry,” the analyst noted. Moreover, another analysis predicts XRP price potential rally to $6. Source: Incomesharks The post Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations appeared first on CoinGape .
The post Metaplanet Stock Debuts on OTCQX: A New Era for Bitcoin Strategy in the U.S. appeared first on Coinpedia Fintech News Metaplanet Inc. (Tokyo: 3350), a Japanese company that has earned a huge reputation in the crypto industry through its Bitcoin strategy, has announced its debut in the United States market. The company announced earlier today that its shares will commence trading on the United States OTCQX, a top-tier marketplace for over-the-counter stocks, on Thursday, December 19, 2024. The Metaplanet shares will trade on OTCQX under the ticker MTPLF, which will complement its stock trading in Japan. According to Simon Gerovich, the CEO of Metaplanet, the listing of the company’s stocks at OTCQX will help strengthen its Bitcoin strategy in the long haul. Metaplanet and The Bitcoin Strategy Following the adoption of the Bitcoin strategy earlier this year, which has seen the company accumulate over 1,142 BTCs, Metaplanet is projecting the first fiscal year operating profit since 2017. Furthermore, the company’s stock market has rallied like a meme coin this year, with a return of about 2,068 percent year-to-date (YTD) to trade at about ¥3,685 at the time of this writing. Having added the Bitcoin treasury operations as the official new business line, Metaplanet is well positioned to attract more investors akin to MicroStrategy Inc. (NASDAQ: MSTR) . Late last month, Metaplanet announced the issuance of moving strike stock acquisition rights to raise ¥9.5 billion, equivalent to about $62 million , for accelerated Bitcoin accumulation. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Japan Considers National Bitcoin Reserve as Countries Embrace Crypto , Market Impact The relentless Bitcoin accumulation by Metaplanet has strengthened the Bitcoin market in the Asian region. Moreover, Bitcoin has been identified as a digital gold and more countries are likely to follow the United States if the upcoming Trump administration implements a strategic BTC reserve. 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updateSubscriptionButton(); } } }); FAQs How much Bitcoin does Metaplanet own? Metaplanet holds over 1,142 BTCs, leveraging its Bitcoin treasury operations as a primary business strategy. What is Metaplanet’s market impact in Asia? Its Bitcoin accumulation has strengthened Bitcoin markets in Asia, boosting adoption and fueling macro Bitcoin price rallies.
The Digital Chamber has unveiled a bold agenda aimed at transforming the U.S. Securities and Exchange Commission’s (SEC) relationship with the crypto industry. This initiative comes at a pivotal moment,
The post Magic Eden And PONKE Holders Count Their Losses And Exit To Buy New $0.04 PropFi Altcoin For Stable Gains appeared first on Coinpedia Fintech News Are you ready to capitalize on an opportunity that may increase gains in your portfolio? Magic Eden (ME) and Ponke (PONKE) holders have faced huge losses that prompted them to turn to a new and lucrative PropFi altcoin that is making headlines with its advanced features and stable gains. While the rise of Ponke and the launch of Magic Eden’s ME token dominated the headlines, a new crypto coin is outpacing them rapidly in profit potential. This DeFi coin offers massive growth potential, real utility, and remarkable investor benefits, positioning it as a great investment option for stable gains. Here is why you do not want to miss this PropFi altcoin investment opportunity! >>>BUY $FXG TOKENS HERE ME Token Struggles While a New DeFi Coin Rises With a 100x Profit Potential Magic Eden’s ME token was introduced on December 10, 2024, with an airdrop valued at more than $700 million. Initially, the token traded at around $4.50 , reaching a peak of $8.26 before dropping sharply to stabilize near $5.07. More than 70,000 users acquired 69 million tokens within the first hour, but most faced issues like app glitches and claim errors . Despite the challenges, traders leveraged the volatility, with one making $586,800 in profit. Listed on mainstream exchanges, the ME Foundation attributed challenges to increased app traffic during the launch. While Magic Eden’s ME token launch drew attention, a new PropFi altcoin surpasses it with groundbreaking innovations. Its impressive presale performance makes the new crypto a better investment due to its price stability and projected 100x growth potential. ME sold at $3.84 on December 15, down 68.54% in the past week. Holders are diversifying from ME to the PropFi altcoin due to its massive profit potential. Ponke’s Potential Outpaced by a New Crypto with Superior Growth Prospects Ponke, a surging meme coin, has gained attention with its strong forecast of $10 in the coming years. Notably, Ponke’s strategic partnerships, unique narrative, and integration into NFTs and gaming platforms convinced analysts to predict massive growth. PONKE mixes nostalgia, community vibes, and blockchain gaming culture, underpinned by a filled-up development roadmap. If PONKE’s adoption increases as projected, the token could hit its ambitious price goals, transforming it into a potential hidden gem with huge profits for early investors. While Ponke boasts gaming and NFT partnerships, a new PropFi altcoin outshines it with notable investor benefits. With its practical features, massive growth potential, and unrivaled trading flexibility, this DeFi coin offers a more lucrative, utility-driven opportunity than Ponke’s speculative potential. PONKE traded at $0.4482 on December 10, 2024, down 23.82% in the past week. Experts say PONKE will hit $0.4565 this month amidst increased buying pressure. >>>BUY $FXG TOKENS HERE FXGuys: The PropFi Altcoin Boosting Investment Strategies with a Trade2Earn Model FXGuys ($FXG) is leading the market in blending decentralized finance (DeFi) with proprietary finance (PropFi). Interestingly, it is achieving all that in a manner that exceeds the normal hype-powered crypto trends. Instead of riding on social media buzz and market hype, its PropFi altcoin, $FXG, focuses on offering real, tangible benefits to the investors. The FXGuys platform features a blend of financial tools and services designed to reward those who invest in the new crypto. FXGuys’ exclusive ecosystem thrives on driving trading volume while offering users the opportunity to explore many investment strategies. A major standout feature on this PropFi altcoin platform is the Trade2Earn program, where each trade—profitable or not—earns the $FXG tokens. The DeFi coin balance can be used for subscriptions, challenges, and funding trades, creating a rewarding and dynamic environment. The FX Guys Trader Funding Program offers increased flexibility. There are no rigid requirements or time limits for its trading challenges. On that note, traders can access powerful analytics and real-time data to execute smart investment decisions. Successful and talented traders are offered accounts funded with up to $500,000 in capital, with traders walking away with 80% of the profits they generate. With its many platform options—FXGuys Trader, MT5, cTrader, and DXtrade—traders enjoy flexibility while maximizing their profit potential and wealth-creation opportunities. FXGuys: A Stable, Lucrative DeFi Coin Offering Wealth-Building Potential If you are looking for a stable, lucrative investment that stands out in the volatile crypto market, FXGuys is the clear winner. While Magic Eden and Ponke thrive on speculation, FXGuys offers remarkable flexibility and massive growth prospects via its PropFi altcoin features. Currently, in Stage 2 of its public presale, $FXG is selling at $0.04. Investors will see a 25% profit when $FXG moves to Stage 3 at $0.05. Additionally, this DeFi coin will gain by 150% after it lists on mainstream exchanges at $0.10. With its advanced features, the new crypto offers an impressive path to wealth-building that you do not want to miss. Now is the time to invest and take full advantage of the imminent rise of this PropFi altcoin by joining the presale now! 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The Federal Reserve's rate cut led to significant losses in Bitcoin and altcoins. Trading volume increased while the overall market capitalization declined. Continue Reading: The Federal Reserve’s Rate Cut Affects Cryptocurrency Markets The post The Federal Reserve’s Rate Cut Affects Cryptocurrency Markets appeared first on COINTURK NEWS .
The acquisition supports Chainalysis’ efforts to bolster trust across various blockchains by expanding beyond investigations into prevention.
The Digital Chamber issued a crypto agenda for the incoming SEC leadership to repair its “troubled relationship” with the crypto industry.
On HODL Day, a celebration of resilience and long-term commitment, Nexo proudly announces its donation of 1 BTC (~$105K) to Brink , a leading non-profit funding Bitcoin Core development. Nexo has generously donated $105,000 to Brink , a non-profit organization dedicated to open-source Bitcoin development. Like any complex system, Bitcoin requires ongoing care and improvement to function optimally. As the network grows, so do the maintenance and development demands. Brink’s mission is to foster a thriving community of Bitcoin developers. This donation will enable them to expand their educational and mentorship programs, empowering the next generation of developers to contribute to Bitcoin’s future. Bitcoin Core development is the backbone of the Bitcoin network. By continually refining the underlying code, developers help ensure the network’s security, reliability, and scalability. Brink’s efforts in fuzz testing, bug fixing, and secure updates are crucial to maintaining Bitcoin’s strength and resilience for millions of users worldwide. 1 BTC donation covers ~7% of Brink’s $1.5M 2024 funding goal. Transaction: https://www.blockchain.com/explorer/transactions/btc/15aeb76eb864296de1e957234d2460ef94a4740bcee5bd7020900151f826c220 Nexo’s generous donation of 1 BTC to Brink represents a substantial step towards securing Bitcoin’s future. This contribution covers roughly 7% of Brink’s $1.5 million funding goal for 2024. By supporting Brink, Nexo directly empowers a global community of developers working tirelessly to enhance Bitcoin’s security and reliability. This funding will enable developers to address emerging vulnerabilities, conduct rigorous code reviews, and implement critical updates that safeguard the network. “Brink is very grateful for this 1 BTC contribution from Nexo to our developer funding efforts! The funds will be used to support our engineers’ work of securing Bitcoin software through their efforts of fuzz testing, code review, and other projects outlined in our recent annual report . Thank you Nexo! — [Mike Schmidt, Executive Director, Brink] Thanks to community donations, Brink has become a bug-hunting force, actively identifying and fixing critical vulnerabilities in the Bitcoin software. Recent disclosures on BitcoinCore.org offer a glimpse into the types of threats Brink and Bitcoin Core developers tirelessly combat, ensuring the network’s robustness for everyone. “Bitcoin Core developers are Bitcoin’s unsung guardians. By supporting their work, we help ensure that Bitcoin remains the most secure, innovative, and decentralized asset for future generations. This donation will directly fund Brink’s developers and is a testament to our shared responsibility to safeguard Bitcoin’s future. Stepping in to support critical development work that relies on contributions like these to move forward is crucial for the digital asset industry and we hope it inspires others to recognize the importance of funding Bitcoin Core development for securing the network’s future for millions worldwide.“ — [Elitsa Taskova, CPO, Nexo] This dedication to Bitcoin’s health isn’t lost on Nexo, a platform founded by “HODLers” (long-term Bitcoin believers). Nexo has a history of supporting Brink , and this HODL Day they’re making another significant contribution. This isn’t just a one-time act; Nexo is committed to Bitcoin’s future, ensuring its security for generations of HODLers to come. The collaboration between Nexo and Brink extends beyond finance. Earlier this year, they fostered a sense of community through the Bitcoin emoji initiative . This act signifies their commitment not just to Bitcoin’s security but also to its global impact.
Bitcoin’s resistance at $106.5K could trigger a bullish shift if broken. A failure to hold support near $101K could lead to a drop below $100K. Analysts predict Bitcoin’s 2025 average price could reach $119,218, signaling growth. Bitcoin’s price trends have long intrigued investors and analysts. With 2025 on the horizon, speculation is growing about the digital currency’s potential to reach $350,000. This bold forecast from Robert Kiyosaki, the author of Rich Dad Poor Dad, has sparked interest, especially in light of former President Donald Trump’s endorsement of Bitcoin. However, the outlook depends on key factors, including support and resistance levels and trading volume trends. TRUMP 1st BITCOIN PRESIDENT BITCOIN to $350k in 2025 OWN more BITCOIN in 2025 — Robert Kiyosaki (@theRealKiyosaki) December 18, 2024 Price Trends and Key Levels Bitcoin is currently priced at $100,750 , reflecting a 4% daily decline. Despite this drop, the broader trend hints at a potential recovery. The recent resistance at $106.5K marks a critical level to watch. Breaking above this could signal a bullish reversal, driving prices higher. Read also: Bitcoin Bull R… The post Bitcoin to $350K in 2025? Trump’s Backing and Market Trends Point to a Surge appeared first on Coin Edition .