Ethereum whales have turned active once again as the ETH price dipped all the way to $3,100 levels. The massive withdrawals from the crypto exchange Binance show that big players are confident of ETH’s future rally despite recent volatility. This sets the stage for a quick bounce back to $4,000, which has served as a strong resistance. Analysts believe that once ETH crossed $4,000, new all-time highs past $5,000 will come in no time. Ethereum Whales Turn Active Buying the Dips Following yesterday’s crypto market crash , there’s a brief recovery amid significant Ethereum (ETH) accumulation by whales amid the current ETH price dips. Blockchain analytics platform Lookonchain reported that ten newly created wallets collectively withdrew 17,698 ETH, valued at approximately $61.66 million, from Binance. The activity by Ethereum whales underscores renewed interest from large investors, who appear to be capitalizing on the market’s recovery momentum. On the other hand, Donald Trump’s DeFi Project World Liberty Financial has continued its ETH buying spree, spending a total of 2.5 million USDC stablecoin to acquire an additional 759 ETH. To date, World Liberty has purchased 9,587 ETH, valued at $35 million, with $3,651 as an average acquisition price per ETH. Despite market fluctuations, the entity has reduced its unrealized loss on ETH holdings to $3.4 million, reflecting a narrowing deficit as prices recover. Source: Lookonchain The good thing is that spot Ethereum ETFs have also seen inflows resuming on Friday, as institutional players jumped in to buy the dips. ETH Price Bounce Back to $4,000 Soon? On Friday, the ETH price touched a low of $3098 before bouncing back once again amid Ethereum whale accumulation. As of press time, the Ethereum price is trading at $3,480 levels with its daily trading volume above $61 billion. As per the Coinglass data , the 24-hour liquidations have soared to $170 million amid the current price volatility. For now, the immediate resistance is $3,500 for Ethereum, crossing which it could bounce to $4,000. Crypto market analysts remain bullish despite this current turbulence in ETH. Market analyst Crypto Patel expects ETH price to surge to $8,000-$10,000 level. He wrote: “I’m buying every $ETH dip, no matter how much it drops. Just holding strong and stacking up. Ethereum hasn’t hit its new all-time high yet, but it’s only a matter of time. Staying patient and ready for the rise! Still telling you my ETH Target is $8000-$10k”. Source: Crypto Patel Another crypto analyst venturefounder noted that Ethereum is still on track to new all-time highs in 2025, supported by whale buying. The analyst compared the current four-year cycle (2021–2024) to the previous one (2016–2020), highlighting striking similarities. According to the analysis, Ethereum’s performance in the year following a Bitcoin halving—such as 2017 and 2021—has historically marked significant growth phases. Previously, venturefounder gave an ETH price target of over $15,000 by May 2025. Source: venturefounder The post Ethereum Whales Buy the Dip Eyeing Quick ETH Price Rally to $4000 appeared first on CoinGape .
The post Could Bitcoin Make America $81 Trillion Richer? MicroStrategy’s Michael Saylor Thinks So! appeared first on Coinpedia Fintech News Michael Saylor, the head of MicroStrategy, has shared a bold idea: by using Bitcoin as a strategic reserve, the United States could make up to $81 trillion. Saylor believes this move could position the U.S. as the leader of the global digital economy. Perhaps his idea faced criticism, with some saying it could weaken the U.S. dollar and harm the economy. US Could Unlock $81 Trillion With Bitcoin According to Michael Saylor, adopting a Bitcoin reserve would allow the U.S. to leverage the cryptocurrency’s scarcity and growing global value. He suggests that a strategic Bitcoin policy could strengthen the U.S. dollar, reduce national debt, and boost the economy by creating trillions in value. Saylor also outlined a scenario where global digital capital markets could expand from $2 trillion to $280 trillion, with the U.S. capturing a significant share of this growth. He also predicted that the Bitcoin reserve could generate anywhere from $16 trillion to $81 trillion for the U.S. Treasury, unlocking huge opportunities for U.S. companies. Some even believe that Bitcoin’s price could soar to $500,000 if this vision comes to life. Peter Schiff Slams Salyor’s Proposal While Saylor’s vision has its supporters, it has also faced strong criticism. Economist and long-time Bitcoin critic Peter Schiff called the proposal “complete bullshit, ” claiming it would harm the U.S. economy. This is complete bullshit. The proposal would do the opposite. It would weaken the dollar, exacerbate the national debt, and making America a laughing stock. It would deprive business of power, diminish growth, and destroy value. — Peter Schiff (@PeterSchiff) December 20, 2024 Schiff argued that adopting Bitcoin as a national reserve would weaken the dollar, increase national debt, and destabilize the economy. “This would deprive businesses of power, reduce growth, and destroy value.” Although, Schiff has always argued that Bitcoin is too risky and unstable to be a reliable financial asset. Instead, he supports gold, which he sees as a safer investment. Bitcoin’s Role in the Future Saylor’s bold proposal adds to the ongoing discussion about Bitcoin’s place in national economies. While countries like El Salvador have embraced Bitcoin, it’s still a controversial idea for larger economies like the U.S.
The SEC fined Tai Mo Shan Limited, a wholly owned subsidiary of Jump Crypto Holdings , $123 million for misleading investors about the stability of Terra USD, an alleged “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform). Tai Mo Shan is further charged with trading securities in unregistered transactions. The SEC established that the firm acted as a statutory underwriter on some of its offers and sales of LUNA, which was also issued by Terraform and sold as a security. SEC chair Gary Gensler said: “This case reminds us that, too many times in the crypto markets, we’ve seen significant investor losses due to fraud.” ~ Gary Gensler He stated that Tai Mo Shan’s illegal activities affected the entire crypto market, leading to serious investor losses. Gary stressed the need for market players to comply with security laws and avoid deceiving the public about investors’ security. Tai Mo Shan agreed to settle the fine TerraUSD worked at a constant $1 value through a web of mixed algorithms and trader motivations involving LUNA . However, when the network was strained and seemed to be breaking, Tai Mo Shan made huge purchases that helped to stabilize the coin. According to the SEC, the impression from Tai Mo’s purchase was that the algorithmic mechanism was working, yet it was a deceitful tactic. Tai Mo made the purchases around May 2021, when the value of TerraUSD dropped below the $1 peg. The firm was motivated to purchase more than $20 million from Terraform. Tai Mo Shan agreed to pay $73,452,756 in disgorgement, $12,916,153 in prejudgment interest, and a $36,726,378 civil penalty as part of the settlement. Without admitting or denying the SEC’s findings, Tai Mo Shan agreed to cease and desist from violating the registration and fraud provisions it violated. SEC reveals Jump Crypto’s involvement in TerraUSD collapse According to SEC’s court filings, Jump Crypto had an arrangement with Terraform to bolster TerraUSD and earned up to $1 billion in profit. Later, Terraform agreed to pay around $4.5 billion to settle a SEC lawsuit on its collapse. Terra’s collapse shook the crypto world, wiping out $40 billion in investor assets and stock. Luna Foundation established a ring of people as its guard, and among those people was Jump Crypto’s intern-turned-president Kanav Kariya. Luna Foundation Guard was responsible for overseeing TerraUSD’s reserve. The SEC’s case against Jump Trading was initiated during the crypto winter and finally settled. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
An early Shiba Inu (SHIB) investor capitalized on the ongoing market downturn, selling nearly 400 billion tokens for a staggering $9.59 million profit. The transaction was reported by Lookonchain, a platform monitoring significant financial movements in the crypto space. The investor initially purchased 15.28 trillion SHIB for just $3,800 in August 2020 at an average … Continue reading "Early Shiba Inu Investor Nets $9.59M Amid Market Downturn" The post Early Shiba Inu Investor Nets $9.59M Amid Market Downturn appeared first on Cryptoknowmics-Crypto News and Media Platform .
The post Crypto Market Today (Dec 21, 2024): Bitcoin Price Rises to $97k | HYPE Surges 34% appeared first on Coinpedia Fintech News The crypto market today is recovering from losses from the past 48 hours, with the market cap adding 1.34% gains in 24 hours to reach an impressive $3.4 trillion. Trading volumes too have surged by 10.25% to $291.27 billion, signaling renewed optimism among investors. This has been evident with the Fear & Greed Index signaling a “Greed” score of 62. Bitcoin Shows Resilience as Dominance Remains Strong Bitcoin has been catching up with the bullish candles, as the market shows signs of recovery. Inching up 0.30% in 24 hours to a price of $97,569.12, it also saw a modest 2.5% increase in its trading volume to $95.99 billion. Talking about inflows, Metaplanet Inc. made it to the headlines by raising $61 million to accelerate its Bitcoin purchases. The star crypto’s influence in the business remains robust, with the dominance holding firm at 56.82%. For insights into Bitcoin’s future, explore our Bitcoin Price Prediction . Altcoins Watch: ETH Outruns BTC Ethereum outperformed Bitcoin on the daily charts with a 2.91% price spike to $3,490.85. Solana and XRP also showed subtle gains, rising by 1.27% and 0.55% to $197.47 and $2.32 respectively. For Ethereum’s detailed analysis, check out our Ethereum Price Prediction . Top Gainers and Losers HYPE was the biggest gainer, rising 34.27% to $33.15, followed by VIRTUAL, which increased 18.78% to $2.74, and ENA, which rose 17.55% to $1.16. The optimism was not shared by other tokens, though. The day’s biggest losers were APTOS, which plummeted 12.22% to $10.28, XMR, which fell 5.93% to $189.13, and OM, which fell 3.65% to $3.85. FAQs How much does 1 BTC cost today? Bitcoin is priced at $97,569.12, reflecting a 0.30% gain over the last 24 hours. Which tokens performed the best today? HYPE (+34.27%), VIRTUAL (+18.78%), and ENA (+17.55%) were the top gainers. What is the current sentiment in the market? The Fear & Greed Index stands at 62, signaling “Greed.”
Litecoin ( LTC ) surged into the spotlight with its latest price jump, fueled by a sharp rise in trading volume and miner activity. Meanwhile, NEAR Protocol and innovative new crypto Rollblock challenge its momentum. Both projects have unique strengths that are fascinating investors globally. Rollblock: A New Crypto Poised to Disrupt the Market Rollblock is a game-changing project, having already raised $7.4 million during its ongoing presale. It leverages blockchain technology to revolutionize the online gaming industry and presents a unique value proposition that stands out in the crowded DeFi space. The platform offers seamless integration across over 7,000 games, live casino experiences and even sports betting, all secured by Ethereum-backed smart contracts that enhance transparency and security. Its innovative deflationary tokenomics system, which includes regular token buybacks, burns and staking rewards, reduces supply and incentivizes holding in the long term. Targeting the $500 billion global gaming industry, Rollblock provides tangible real-world applications that set it apart from competitors. Analysts highlight its potential to deliver substantial returns on investment (ROI), with some suggesting it could even outperform established projects like Litecoin and NEAR . Litecoin’s Momentum Builds on Miner Activity and ETF Buzz The performance of the Litecoin price has been nothing short of unimpressive. The token dropped 35% within just seven days, hitting a low of $90, buoyed by $18 million worth of LTC purchased by miners. These acquisitions, totaling 140,000 coins, reduced the supply of newly minted tokens entering circulation, driving demand and supporting upward momentum. The anticipation of a Litecoin ETF has only added to the excitement. Bloomberg’s Eric Balchunas recently identified Litecoin as a strong contender for ETF approval due to its regulatory clarity as a Bitcoin fork. Such an ETF could introduce significant institutional investment and push the Litecoin price toward $150. Technical indicators suggest that breaking resistance at $135 could trigger another rally, setting the stage for the Litecoin price to test new highs. NEAR Protocol Eyes $11 After 95% Price Surge NEAR Protocol has also been making waves, recovering from $3.50 to $6.83 in just three weeks—a staggering 95% gain. This V-shaped rally has been supported by strong buying pressure, resulting in a golden crossover between the 100-day and 200-day EMAs. Despite minor pullbacks, NEAR continues to demonstrate resilience, with its current resistance at $7.26 marking the next critical level to watch. Looking ahead, analysts are targeting $9.59 and $11 as potential price milestones for NEAR . The protocol’s innovative approach to decentralized applications and its robust technical indicators make it a strong candidate for further growth, even amid market volatility. Where to Focus? As Litecoin , NEAR , and Rollblock compete for investor attention, each presents a unique blend of opportunity and risk. Litecoin’s combination of strong miner support and the potential for ETF approval makes it an appealing choice for those seeking immediate market momentum. NEAR’s rapid recovery and robust technical indicators position it as a solid mid-term growth play, particularly for investors looking for consistent upward trends. However, new crypto Rollblock’s innovative approach and unmatched real-world utility firmly establish it as the standout option for long-term investment. It delivers practical applications and addresses tangible needs. It redefines expectations in DeFi and so positions itself as the project most likely to deliver sustained and significant returns. Discover the exciting opportunities of the Rollblock (RBLK) presale today! Website: https://presale.rollblock.io Socials: https://linktr.ee/rollblockcasino Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses The post Litecoin Takes Off with Volume Surge – Can NEAR or This New Crypto Challenge Its Momentum? appeared first on Times Tabloid .
Trump Fires Powell could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Fires Powell (TRUMPPOW), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because TRUMPPOW 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, Trump Fires Powell 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 Trump Fires Powell could become the next viral memecoin. Trump Fires Powell 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 Trump Fires Powell 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 Trump Fires Powell by entering its contract address – FWmVybuoRxJ79ZDHJ3Y8efeYsHsKL4qMNwJP8rCDsfmB – 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 TRUMPPOW. 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.
The SEC accused Tai Mo Shan of misleading investors about Terra USD's stability. Tai Mo Shan agreed to pay significant fines to compensate for unlawful earnings. Continue Reading: SEC Accuses Tai Mo Shan of Misleading Investors About Terra USD The post SEC Accuses Tai Mo Shan of Misleading Investors About Terra USD appeared first on COINTURK NEWS .
Record outflows from Bitcoin ETFs represent a significant shift in investor sentiment amid a sharp decline in cryptocurrency prices. This unprecedented outflow underscores the volatility of both Bitcoin and Ethereum
The post Bitcoin Fails To Rise Back To $100k appeared first on Coinpedia Fintech News Bitcoin struggles to recover from the big drop. It fell down to $92,000 as we predicted in our analysis yesterday . Though BTC has moved up by 5%, it still lies in a danger zone. Let’s analyse market metrics to understand what is happening and what to expect. The Bitcoin Chart Bitcoin is currently trading at $97,536 and is trying to move ahead. The presence of Moving Average 200 is active as the active resistance here. The RSI has also risen and has moved out of the oversold zone, however the danger of pullback remains. If the market does not get enough buying volume, the MA 200 can push the price back down. Earlier, it received support around $92k due to the presence of MA 50 on the daily chart, however that might not be enough this time. The Greed and Fear index is at 73, however the real market sentiment is still bearish. Source : Coinglass The MACD histogram shows reduction in selling pressure, however the average direction index has fallen to 33.62 which is not a good sign for Bitcoin. We can also see the moving average 20 has fallen below MA 50 and 100 which sends a negative impression to the market. If the price keeps on consolidating in this area or it moves a little down the smallest MA will go below the highest and it will trigger a panic in the market. This could send the price down to $90k or even bad. The Liquidation Data According to Coinglass’s crypto liquidation data, in the past 24 hours, 296,631 traders got liquidated. This caused a total of $831.74 million to wash out of the market. Yesterday this amount went over $1 billion. The last 4 days have been very bad for the long traders as the market kept on going down. Source : Coinglass The liquidation map shows that there are still traders who have opened long trades for Bitcoin with high leverages upto 100x. Taking some decisions in time of a bearish momentum shows there are still people out there who do not understand the gravity of the situation. The map also shows the short trades with high leverages. During such periods, the market has a tendency to suddenly move in the opposite direction to liquidate traders with bad risk management. Source : Coinglass What to Expect The very first thing we should be seeing now is Bitcoin price coming above the moving average 200. That will decrease the negative sentiment from the market and encourage more investors to jump in. However, for this to happen the market needs some buying volume. The market could make a sudden spike, just to liquidate the careless short traders, and this will give support to the market. Yes, not everything can be good for everybody, but let’s see the big picture here. If Bitcoin stays in this dangerous zone, it might fall down to $90k, triggering a panic sell resulting in altcoins rolling down as well. What do you think will happen? The market will rise or will it go down further?