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.”
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?
Record $671.9M outflow from U.S. BTC ETFs as Bitcoin drops 9.2% and Ethereum plunges 15.6%.
Bitcoin (BTC) is experiencing its first seven-day decline in eight weeks, prompted by hawkish signals from the US Federal Reserve (Fed) that have led traders to sell off the asset, which has more than doubled in value this year. Bitcoin Rebounds To $97,500 After Historic ETF Outflow The market’s leading cryptocurrency saw a drop of as much as 5.3% to $92,149 on Friday, following a record high of just above $108,000 earlier in the week. Since then the Bitcoin price has recovered the $97,500 mark, down approximately 5% since Sunday. This downturn has also affected smaller cryptocurrencies, including Ethereum (ETH) and Dogecoin (DOGE), despite a generally positive performance in US equities. Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction? The shift in sentiment is further highlighted by a significant outflow from US exchange-traded funds (ETFs) that invest directly in Bitcoin. On Thursday, these funds recorded a historic outflow of $680 million, ending a 15-day streak of inflows, according to data compiled by Bloomberg. The heightened volatility in the crypto market follows a rally that began after Donald Trump’s victory in the US presidential election on November 5. Analysts from QCP Capital have noted that positioning in the market had become “overly bullish,” leaving digital assets susceptible to fluctuations in the Federal Reserve’s tone regarding inflation control. With the US Federal Reserve signaling a potential slowdown in its easing measures with its chair’s Powell announcement on Wednesday, the focus is shifting to the pace at which traditional financial institutions adopt cryptocurrency. Historical Patterns Suggest Potential Rebound For BTC’s Price Hani Abuagla, a senior market analyst at XTB, stated in a recent note that the interplay of monetary policy, institutional adoption, and political developments suggests that Bitcoin will remain sensitive to both macroeconomic and crypto-specific catalysts through 2025. This sentiment is echoed by Chris Weston, head of research at Pepperstone Group, who advised caution in the short term. Weston noted that while a collapse in price is not imminent, the momentum behind Bitcoin’s recent rally has diminished, indicating a shift in market control. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals Market expert Lark Davis on the other hand, weighed in on the current price action, reassuring investors that historical patterns could suggest a rebound in the coming days. The expert referenced December 2020, when Bitcoin experienced a 12% drop following a 77% rally in the preceding months but then surged from $17,000 to $41,000—a 136% increase—in just 23 days. Davis posits that a similar scenario may be unfolding now, with Bitcoin facing a 13% dip after a robust fourth quarter. While he acknowledges the possibility of an additional 10-15% correction, he remains optimistic about the potential for further upward movement in the cryptocurrency market. Featured image from DALL-E, chart from TradingView.com
Binance Alpha announces a fourth batch of tokens, including BANANA, KOGE, and PSTAKE. New platform offers early exposure to high-potential tokens before Binance listings. Binance Alpha introduces ‘Quick Buy’ and improved Swap features for better user experience. Binance Alpha has announced its fourth batch of tokens. The pre-selected pool includes projects like BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. Binance Alpha announced the fourth batch of tokens, including BANANA, KOGE, BOB, MGP, PSTAKE, GNON, Shoggoth, LUCE, and ODOS. Binance Alpha is the pre-selected pool for Binance listings. — Wu Blockchain (@WuBlockchain) December 20, 2024 Binance wants to increase transparency and create a more organized way to evaluate tokens before listing them on the Binance Exchange. What is Binance Alpha? Binance Alpha is a new feature that helps the exchange evaluate tokens faster. It is a pre-listing selection pool where Binance uses its expertise to find tokens with strong community interest that match key trends in the blockchain and Web3 space. However, tokens selected for Binance Alpha go through a vetting process based on how much tr… The post Why Binance Alpha’s Pre-Selection Pool Is a Game Changer appeared first on Coin Edition .
Crypto analyst Rekt Capital says that Ether could keep consolidating between the $3,000 and $4,000 range, though a pullback to the lower $3,000s remains a possibility following its 10% fall over the past seven days.
The post Tether’s $775 Mln Investment in Rumble and Entry into AI Sector by 2025 appeared first on Coinpedia Fintech News Tether, the company behind the world’s largest stablecoin, USDT, is making headlines with a series of bold business moves. From a $775 million investment in the YouTube-alternative platform Rumble to its plans to step into artificial intelligence (AI) by 2025, Tether is diversifying far beyond its stablecoin roots. Tether’s $775 Million Investment in Rumble Tether has announced a significant investment of $775 million in Rumble , a platform that positions itself as a competitor to YouTube. As part of this deal, Tether will buy 103.3 million shares of Rumble and will spend $250 million to help Rumble grow and reach more users worldwide. Tether’s CEO Paolo Ardoino described this investment as part of companies belief in “freedom tech,” which includes supporting decentralized platforms that promote open communication and cryptocurrency. Interestingly, Rumble is also diving deeper into the crypto world. Last month, it announced plans to use $20 million of its cash reserves to invest in Bitcoin, showing its interest in blockchain technology. Tether’s Plan to Enter AI Looking ahead, Tether is gearing up to enter the artificial intelligence industry. In a recent tweet post CEO Paolo Ardoino recently revealed plans to launch Tether’s AI platform in the first quarter of 2025. This is a big move for Tether, which has mainly focused on stablecoins. Just got the draft of the site for Tether's AI platform. Coming soon, targeting end Q1 2025. (goosebumps) — Paolo Ardoino (@paoloardoino) December 20, 2024 Last year, Tether partnered with Northern Data, a company specializing in cloud computing and AI. This partnership helped lay the groundwork for Tether’s entry into AI. If successful, the platform could help Tether become a leader in combining finance and technology. Tether (USDT) Revenue Report Tether’s USDT stablecoin continues to be its biggest moneymaker, helping the company report record profits of $2.5 billion in the Q3 of 2024, bringing year-to-date earnings to an impressive $7.7 billion. Meanwhile, Tether’s assets have grown to $139.4 billion, fueled by strategic investments in renewable energy, Bitcoin mining, telecommunications, education, and AI.