Bitcoin fell below $100,000 for the first time in weeks after Federal Reserve Chair Jerome Powell dismissed the idea of a national bitcoin reserve. The cryptocurrency market, which saw Bitcoin
The Ethereum market has recently seen a notable shift, with significant outflows from centralized exchanges sparking discussions about the near term trajectory of the cryptocurrency. Amid this, Ethereum has recorded a 2.4% decrease in the past 24 hours with a current trading price of $3,858, marking a 21.1% decrease away from its all-time high of $4,878 seen in 2021. Related Reading: Ethereum Whales Load Up: Bullish Sign Or Bear Trap? Ethereum Withdrawals from Binance Surpass 7.8 Million ETH Data from CryptoQuant reveals that approximately 20.8 million ETH have been withdrawn from centralized exchanges in the past two months, a trend reminiscent of the 2021 bull market. Binance has played a central role in this movement, accounting for over 7.8 million ETH, which represents 33-39% of the total outflows. These outflows could be indicative of investors accumulating ETH for long-term holding or staking purposes, as suggested by CryptoQuant analyst Crazzyblockk. The analyst added: These significant outflows from Binance indicate the platform’s continued influence on the cryptocurrency market, especially in balancing supply and demand for Ethereum. Notably, Binance’s influence is particularly evident given its global user base of 250 million and a record $21.6 billion in deposits this year, according to Crazzyblockk. The substantial outflows from Binance align with bullish market sentiment, as large-scale withdrawals often signal investor confidence. These movements suggest that Ethereum holders are moving their assets off exchanges. This reduction in the available supply of ETH on exchanges can create upward pressure on prices, should demand remains consistent or grows. Etheruem Market Performance And Outlook Ethereum has so far been struggling to make significant price move to the upside ever since the latest crypto market bull run began months ago. Despite Bitcoin seeing consistent gains recording new all-time highs nearly every month, Ethereum has lacked enough upward momentum to push its price past the $4,000 barrier. It is worth noting that this sluggish performance from Ethereum comes amid the positive developments ongoing in the crypto space including the recent news of Deutsche Bank, Germany’s largest lender reportedly working on its own layer-2 (L2) blockchain on Ethereum using ZKsync technology. JUST IN: Deutsche Bank building its own Layer-2 on Ethereum – Bloomberg pic.twitter.com/5O5K3R1fRg — Radar🚨 (@RadarHits) December 18, 2024 Regardless of such news, ETH has seen a slight increase of 2.3% in the past week, , a lower performance compared to that of Bitcoin’s 5% increase over the same period. Related Reading: Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon? According to analysts, Ethereum could still likely see further correction in its price as bearish signals recently formed on its chart suggesting a potential drop to 3,400. $ETH has formed a bearish double top, with RSI showing bearish divergence and a MACD crossover confirming the trend. A short-term correction could bring it to $3,400, with major support at $3,200 and $3,000. #Ethereum #CryptoTrading #eth pic.twitter.com/iWaPh1vwrr — crypto vulture Trader 🦅 (@crypto_vulture1) December 18, 2024 Featured image created with DALL-E, Chart from TradingView
A top Russian official has declared plans for a BRICS payment system “not hypothetical,” signaling a shift toward reducing reliance on the dollar through alternative financial mechanisms. A New Era? Russia Claims Feasibility of BRICS Payment Network Russian Deputy Foreign Minister Sergey Ryabkov has affirmed that plans to establish a BRICS payment system are tangible
Ethereum price started a sharp decline below the $3,880 zone. ETH is down over 5% and is showing bearish signs below the $3,680 level. Ethereum started a fresh decline below the $3,800 zone. The price is trading below $3,680 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $3,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $3,550 support zone. Ethereum Price Dives Below $3,800 Ethereum price struggled to stay above the $3,880 level and started a fresh decline like Bitcoin . ETH gained bearish momentum below the $3,800 level and dived below $3,680. It even dived below $3,600 and spiked below the $3,550 level. A low was formed at $3,543 and the price is now consolidating losses . There is also a new connecting bearish trend line forming with resistance at $3,800 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,620 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,670 level. It is close to the 23.6% Fib retracement level of the downward move from the $4,105 swing high to the $3,537 low. The first major resistance is near the $3,800 level or the 50% Fib retracement level of the downward move from the $4,107 swing high to the $3,837 low. The main resistance is now forming near $3,880. A clear move above the $3,880 resistance might send the price toward the $4,000 resistance. An upside break above the $4,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,150 resistance zone or even $4,220. More Losses In ETH? If Ethereum fails to clear the $3,680 resistance, it could continue to move down. Initial support on the downside is near the $3,550 level. The first major support sits near the $3,500 zone. A clear move below the $3,500 support might push the price toward the $3,450 support. Any more losses might send the price toward the $3,350 support level in the near term. The next key support sits at $3,220. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,550 Major Resistance Level – $3,680
The meme coin market continues to electrify crypto investors with its mix of humour, innovation, and high-growth potential. Recent developments, like Shiba Inu’s forthcoming liquid staking upgrade and Dogecoin’s bullish technical indicators, highlight the evolving opportunities in this space. At the centre of this buzz is BTFD Coin , a standout newcomer with a booming presale that has captured the attention of meme coin enthusiasts worldwide. As we dive into these three projects, you’ll see why they rank among the best meme coins to invest in this month . From BTFD Coin’s presale milestones to Shiba Inu’s ecosystem expansion and Dogecoin’s market activity, there’s a lot to unpack. BTFD Coin: Where Bulls Run Strong Have you been waiting for the right meme coin to join? BTFD Coin, the latest sensation, might just be the perfect opportunity. With over $4.1 million raised in its presale, this coin has proven it’s not just a fleeting trend but a potential game-changer in the crypto world. Currently in Stage 12 of its presale at $0.00013 per coin, BTFD has caught the attention of over 5,900 investors—or as they like to call themselves, “bulls”. But why the hype? For starters, BTFD isn’t just about fun memes—it’s about financial opportunity. Consider this: a $5,000 investment at the current presale price would yield nearly $23,077 when the coin hits its post-presale listing price of $0.0006. That’s the kind of ROI that investors dream of. BTFD goes beyond the typical meme coin playbook by offering a 90% APY staking reward. Imagine letting your investment grow passively while enjoying community perks and market buzz. Add to that the P2E gaming feature, where the beta version is already live, and you’ve got a coin that’s merging entertainment with tangible rewards. The power of BTFD lies in its strong community of bulls, who aren’t just investors but advocates of the coin. The project’s tagline—“Own the Dip”—resonates with crypto enthusiasts looking for a coin that understands market dynamics and offers long-term growth potential. Shiba Inu: Expanding Ecosystem with Liquid Staking Shiba Inu, one of the most recognised names in the meme coin space, continues to evolve beyond its humble beginnings. Currently trading at $0.00002564, SHIB’s price may be down 5.23% in the past 24 hours, but its trading volume has jumped 13.79%, reflecting active investor interest. The Shiba Inu team is gearing up for a major upgrade with the introduction of liquid staking on ShibaSwap. This feature will allow users to stake their SHIB tokens while maintaining liquidity. In simpler terms, you can earn staking rewards without locking up your tokens. Liquid tokens representing staked assets can be traded or used as collateral on other DeFi platforms, enhancing utility and flexibility for investors. The Shiba Inu ecosystem continues to expand with projects like the Shibarium blockchain and ongoing token burns. These efforts aren’t just about reducing supply but creating a robust ecosystem where SHIB becomes a go-to token for DeFi solutions. The introduction of liquid staking is another step in that direction, offering both active traders and long-term holders more value. Dogecoin: Signs of a Bullish Breakout As the original meme coin, Dogecoin has consistently held its ground in the crypto market. Currently trading at $0.3841, DOGE’s price is down 3.99% over the past 24 hours, but its one-month performance shows a modest 2.46% increase. Beneath this surface-level stability, however, technical indicators suggest a much bigger story. Dogecoin is in what analysts call an “accumulation phase,” where market activity hints at a potential breakout. The 200 EMA, a key technical indicator, signals that DOGE could soon enter a bullish phase. Combined with increased transactions and the movement of previously dormant tokens, these factors suggest that DOGE may be gearing up for a significant upward move. Despite being a meme coin, Dogecoin has proven its resilience and versatility over the years. From its integration into Tesla’s merchandise store to its widespread acceptance as a payment method, DOGE continues to hold a unique position in the market. With bullish signals and growing speculation, it’s no wonder investors are keeping a close eye on Dogecoin as one of the best meme coins to invest in this month. The Final Thoughts Based on our research and market trends, the meme coin market is as vibrant as ever, with new opportunities emerging for savvy investors. BTFD Coin leads the charge with its record-breaking presale and innovative features, making it a must-watch for anyone looking to join the crypto bull run. Meanwhile, Shiba Inu is solidifying its ecosystem with game-changing upgrades like liquid staking, and Dogecoin is showing signs of a bullish breakout that could take it to new heights. If you’re looking to ride the wave of the best meme coins to invest in this month, these three projects offer unique opportunities for growth. Don’t miss your chance to be part of the action— join the BTFD Coin presale now and secure your spot in what could be the next big meme coin success story. Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin The post BTFD Coin Shines in Best Meme Coins to Invest in This Month as SHIB Prepares Liquid Staking and DOGE Targets a Bull Run appeared first on TheCoinrise.com .
WazirX's price dropped significantly due to Binance's delisting plans. A new investigation by the Delhi High Court complicates WazirX's situation. Continue Reading: WazirX Faces Decline Due to Binance’s Delisting and New Investigation The post WazirX Faces Decline Due to Binance’s Delisting and New Investigation appeared first on COINTURK NEWS .
BlackRock’s ETHA Sees Daily ETH Net Flows of +$80.7m ————— 💰Coin: ETH ( $ETH ) $3,661.18 ————— NFA.
BlackRock IBIT Reports Daily Net BTC Flows of +356.6m ————— 💰Coin: BTC ( $BTC ) $100,602.70 ————— NFA.
Japan Bank Announces Interest Rate of 0.25% in Line with Expectations ————— NFA.
Binance Supports Dalarnia DAR Token Swap and Rebranding ————— 💰Coin: DAR ( $DAR ) $0.155 ————— NFA.