Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking debate among investors. Concerns have surfaced about whether this downturn signals the conclusion of the current bull cycle or merely represents a temporary setback. While short-term holders face losses, long-term metrics provide a broader perspective on Bitcoin’s trajectory, as analyzed by CryptoQuant’s Avocado Onchain in a recent report. Related Reading: As Bitcoin Reclaims $100,000, Warning Signs Emerge from Long-Term Investors Opportunity Or End of The Bull Cycle? According to Avocado Onchain, the realized price for investors who entered the market during Bitcoin’s recent peak at $98,000 places them in a loss-making position. However, for those who invested between one to three months ago, the realized price is significantly lower at $71,000, offering a cushion against the current correction. Avocado pointed out that historical patterns from Bitcoin’s 2021 bull cycle reveal similar alternations between record highs and sharp corrections, suggesting that these dips may not necessarily indicate the end of the cycle. Instead, they have historically been “opportunities” for market rebalancing and subsequent growth. A key indicator analyzed is the 30-day moving average of the short-term SOPR (Spent Output Profit Ratio). This metric tracks whether recent market participants are selling at a profit or a loss. The current SOPR data reveals that recent short-term inflows into Bitcoin have yet to result in substantial profit-taking. Unlike previous cycle peaks characterized by aggressive selling, the ongoing correction appears subdued, indicating that the market may still have room for upward movement. Bitcoin Short-Term Dips vs. Long-Term Trends Additionally, Avocado Onchain highlights the importance of distinguishing between short-term corrections and broader cycle trends. Bitcoin’s tendency to rebound after corrections in past bull cycles reinforces the notion that the current downturn might not mark the cycle’s end. These insights align with the behaviour of long-term holders, who often use corrections to consolidate their positions, strengthening market resilience. Related Reading: Is The Bitcoin Top In For This Cycle? On-Chain Signals You Need To Know Avocado concluded the analysis, noting: For investors who have yet to enter the market, this may be an excellent opportunity to buy Bitcoin at a discount. Instead of succumbing to panic selling during short-term downturns, adopting a long-term perspective and a dollar-cost averaging (DCA) strategy could be a more effective approach. At the time of writing, Bitcoin is seeing a gradual rebound in its price surging by 1.3% in the past 1 hour. Regardless, the asset still appears to be overshadowed by the bears as BTC remains down by 3.5% in the past day and 10.5% from its peak of $108,135 recorded last week. Featured image created with DALL-E, Chart from TradingView
Donald Trump’s White House ‘AI and crypto czar’ David Sacks has refuted a legacy media report that his role has changed. Sacks said he would spend 50% of his time in Washington D.C. guiding policy and 50% in Silicon Valley to stay connected with cutting-edge technological advancements, including artificial intelligence (AI) and cryptocurrencies. ‘AI & Crypto Czar’ David Sacks Refutes Forbes Report David Sacks took to X on December 21 to clarify his role remains the same as he requested. The incoming AI and crypto czar said he will have a leadership role in establishing policies and regulations for technologies, such as AI and crypto. Earlier today, Fortune reported that the AI and crypto czar role initially expected to be a cut-and-dry leadership role is set to be more of a general advisory position. The legacy media cited two people familiar with the inner workings of the Trump Vance transition team. The reason for scaling back the role was reported to be David Sacks not divesting from his investment firm Craft Ventures. “Not divesting, not taking a more formal government role, that makes it very complicated. Even if Trump and people in his administration usually see conflicts of interest as an afterthought, the situation with Sacks became an issue, even from a practical perspective,” as per the report. However, Sacks said, “This is total nonsense.” Also, he expects to spend 50% of his time in Washington D.C. directing policy. The remaining 50% in Silicon Valley staying on the cutting edge technological advancements, he added. This is in line with what David Sacks requested . The post Just-In: ‘AI & Crypto Czar’ David Sacks Clarifies Misinformation About His Role appeared first on CoinGape .
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 chairman 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 .
Every day new tokens and projects become available in the crypto market , but a few create a name for themselves. One such DeFi project is Lunex Network (LNEX) – a presale star that could revolutionize this space. Some experts see it rising faster than Dogecoin (DOGE) and Shiba Inu (SHIB). While analysts remain bullish for these meme coins , they are now focusing more on LNEX. they foresee this altcoin becoming the next 30x token in 2025. Lunex Network (LNEX) Soars 283% in Crypto ICO Event, More Gains Incoming While Dogecoin (DOGE) and Shiba Inu (SHIB) are seeing some red price charts right now, Lunex Network (LNEX) is riding a bullish wave. This DeFi project , now in its presale run, has given early buyers a 283% return. Moreover, it has raised over $5M. This shows the level of interest people have in Lunex Network. Hype is growing for Lunex Network as it will disrupt the DeFi market . It will launch a non-custodial crypto exchange that connects all isolated blockchains. On it, people will experience: Better liquidity provisions than other platforms. Privacy thanks to no sign-up KYC checks. Completely decentralized swaps of crypto coins across different blockchains quickly and at a low cost. The LNEX native token will power this platform. It is now in its presale run and costs just $0.0046. However, this altcoin price will rise on a three-day basis. A Tier-1 crypto exchange listing is expected to trigger a pump to $0.0216 – a 369% return for anyone who buys LNEX now. This surge could make LNEX one of the best DeFi coins for fast returns. Dogecoin (DOGE) Price May See a Massive Pump, Analyst Predicts Dogecoin (DOGE) has seen some red price charts, although it is still one of the meme coin titans . Its value has dropped over 15% in the past week as per CoinMarketCap . In that period, the Dogecoin price has jumped from around $0.40 to nearly $0.35. But, crypto analyst CEO remains optimistic about Dogecoin (DOGE). In a recent X post , he told his followers that the next price pump for this meme coin will be massive. As a Dogecoin price prediction , he foresees a potential target of $30 in 2025. The technicals for the Dogecoin crypto are also showing bullish signs. Currently, this meme coin has a momentum indicator of -0.06, which is in the buy zone per TradingView . This suggests that a bullish trend may continue. The Price of Shiba Inu (SHIB) Could Rise, but Volatility Remains Shiba Inu (SHIB) is another meme coin experiencing volatility right now. On the one-week chart, the price of Shiba Inu has fallen from nearly $0.000028 to nearly $0.000023 as per CoinMarketCap . This is nearly a 20% drop in just the last seven days. Nevertheless, market analyst InvestingHaven is still bullish on Shiba Inu (SHIB). According to his X post , this meme coin could surge to $0.0000998 in 2025. However, the path to this level may be volatile. Many traders are excited about this Shiba Inu price prediction . The Shiba Inu crypto also has some good technical signs. TradingView data points to this meme coin has a momentum indicator of −0.00000409, which is in the buy zone. With this indicator, a bullish trend may come for this Shiba Inu. Can Lunex Network (LNEX) Outpace Dogecoin (DOGE) & Shiba Inu (SHIB)? Though Dogecoin (DOGE) and Shiba Inu (SHIB) may have been successful, Lunex Network (LNEX) offers more: real utility and a promising future. Thanks to its cutting-edge technology, privacy focus, and cross-chain capacity, it can become a strong player in the crypto market . Since it will also have a smaller market cap than its peers, LNEX could see faster growth with less money too. Therefore, experts predict a potential 3x growth for this DeFi coin in 2025. Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today! Website: Lunex Network Telegram: Join Our Telegram Community X: Follow Us On X The post This Hidden Gem Has Experts Talking: Expect It to Skyrocket Faster Than Dogecoin (DOGE) and Shiba Inu (SHIB) appeared first on TheCoinrise.com .
Crypto whales have been stockpiling ADA tokens like nobody’s business as the Cardano price slightly retreats to the $1.1 zone. Investors are also going all-in into Lunex (LNEX) , a new DeFi token handpicked by market pundits as the best crypto investment of 2025. Let’s examine why LNEX is expected to beat Cardano’s price hands down with an incredible presale performance. Analysts praise Lunex (LNEX) as the best crypto investment in DeFi The Lunex Network brings groundbreaking crypto trading solutions into the DeFi market. Featuring an innovative multichain bridge, this new non-custodial decentralized exchange brings together multiple blockchain networks, creating an all-in-one DeFi trading protocol. This cross-chain functionality enables seamless asset transfers across different blockchains, significantly reducing trading costs and transaction times. Traders and investors can now trade, swap, and transfer over 50,000+ crypto pairs across 40+ blockchains using the Lunex DEX. More impressively, a portion of the funds collected on the Lunex DeFi swapping dApp is allocated for investors’ rewards. The platform pays up to 18% APY to LNEX holders engaging in staking, making the asset a top crypto investment for DeFi degens seeking high ROI passive income streams. LNEX is also a solid investment option for growth investors. With the DeFi market tipped to continue growing exponentially, experts believe the Lunex crypto exchange is well-positioned to capitalize on the rising DeFi trading trends. Conservative predictions place LNEX presale returns at 18x, followed by staggering post-launch yields as the Lunex DEX develops into a multi-billion crypto exchange. Whales enter an accumulation spree as Cardano’s price drops Early December, the Cardano price was trading at $1.1, a slight pullback from its recent high of $1.32. Cardano whales have taken advantage of the price decrease to solidify their positions, scooping over 80 million ADA in the past few days. The recent buying spree aligns with broader trends observed over the past weeks, where large-wallet holders poured nearly $300 million into ADA . That indicates investors’ confidence in the smart contracts platform and could fuel further price appreciation. Is ADA a good crypto investment ? Cardano’s price broke out in November and has delivered a nearly 5x return from its $0.27 August dip. Per CoinMarketCap, ADA has delivered a 70% return year to date and was up over 90% monthly. ADA ‘s community sentiment was over 90% bullish, indicating there could still be more progress in store for Cardano in the coming months. The altcoin is expected to trade in the $1-$1.2 zone through December, giving investors enough wiggle to double up before the next leg up. Per CoinCodex data, ADA is expected to trade in a channel between $1.13 and $5.83 in 2025 for a 400% potential ROI, making Cardano a good crypto investment for solid yields. ADA is good, but LNEX is great Crypto shrimps looking for staggering yields have scooped up over 2.28 billion LNEX as the Lunex ICO surpasses $5.3 million. The presale is already past 283%, with only about 1.7 billion tokens left up for grabs. Tokens are selling out fast at $0.0046, so race over to load up your LNEX bag today! You can find more information about Lunex Network (LNEX) here: Website : https://lunexnetwork.com Socials : https://linktr.ee/lunexnetwork The post Cardano Whales Scoop Up Millions: Is This the Perfect Time to Go All-In on ADA and Lunex? appeared first on TheCoinrise.com .
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 .