Cryptocurrency - news
|
---|
19.12.2024 15:30 Bitcoin faced a sharp retrace yesterday, dropping 8% from its all-time high of $108,300 after the Federal Reserve announced a 25 basis point rate cut alongside a revised policy signaling fewer cuts in 2025. Despite the drop, Bitcoin managed to hold above $98,000, a critical liquidity level that analysts are closely monitoring. Related Reading: On-Chain Metrics Reveal Cardano Whales Are ‘Buying The Dip’ – Details This recent price action raises a pivotal question: is this the start of a more significant correction or merely a shakeout to fuel the next leg of Bitcoin’s rally? CryptoQuant analyst Axel Adler provided key insights, noting that no substantial panic selling is evident in the market—a signal that investor confidence remains intact for now. Bitcoin’s resilience at current levels suggests the market is recalibrating following the Fed’s latest moves. As traders and investors digest these developments, all eyes are on whether Bitcoin can recover momentum and push back toward its [...] newsbtc.com |
19.12.2024 15:24 Worried about bitcoin’s pullback? Let me explain why this dip is nothing but a healthy pause in the bull run. bitcoinmagazine.com |
19.12.2024 15:20 SongBits, the platform from Eurythmics’ Dave Stewart, is driving Web3 music forward with live events spotlighting new voices, supporting charity and shaping the industry’s future. cointelegraph.com |
19.12.2024 15:18 In return for a loan deal with the IMF, El Salvador had to give up some of its pro-bitcoin policies. It only made the Bitcoin law better. bitcoinmagazine.com |
19.12.2024 15:11 Over the past hour, bitcoin’s price holds tight at prices between $101,696 to $102,057 on Dec. 19, 2024, with a market cap of $2.01 trillion. It danced between $98,839.87 and $104,967 during the day, backed by a lively $104 billion in trades over 24 hours. Bitcoin On the daily chart, bitcoin rocketed from around $87,000 […] bitcoin.com |
19.12.2024 15:05 RLUSD, a stablecoin by Ripple Labs, is pegged to the US dollar, ensuring a 1:1 value backed by cash or equivalents. cointelegraph.com |
19.12.2024 15:01 Bearish BTC price calls are back after the Federal Reserve sours the mood for Bitcoin and risk assets. cointelegraph.com |
19.12.2024 15:00 PRESS RELEASE. XRP Healthcare (XRPH) is transforming healthcare through blockchain, AI, and real-world solutions. Built on the XRP Ledger, XRPH uniquely combines scarcity, innovation, and utility to address global healthcare challenges. With a fixed total supply of 100 million tokens and its issuing account black-holed, no additional tokens can ever be created. This ensures long-term […] bitcoin.com |
19.12.2024 15:00 In this Hashing It Out episode, Tom Trowbridge of Fluence Labs explains how decentralized networks could outperform tech giants with blockchain tech. cointelegraph.com |
19.12.2024 15:00 German regulators demand compliance changes from World ID after a biometric data investigation. cointelegraph.com |
19.12.2024 14:58 The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products. cointelegraph.com |
19.12.2024 14:54 Dogecoin price falls amid Bitcoin slipping below the $100,000 level, triggering an intensive sell-off across the memecoin sector. cointelegraph.com |
19.12.2024 14:24 Hut 8’s strategic bitcoin reserve of over 10,000 BTC has been achieved through low-cost production and strategic at-market purchase. 990 Bitcoin Purchase Pushes Hut 8’s Holdings Past $1 Billion Net Worth Hut 8, one of North America’s largest bitcoin miners has announced the purchase of 990 BTC at an average cost of $101,710 per bitcoin. […] bitcoin.com |
19.12.2024 14:01 Scandinavian countries disclose tax records and addresses of crypto hodlers, providing criminals with a list of potential targets. cointelegraph.com |
19.12.2024 14:00 The broader crypto market experienced a pronounced downturn following yesterday’s Federal Open Market Committee (FOMC) meeting, held on December 18. After the US Federal Reserve delivered a 25-basis-point rate cut as anticipated, it also signaled fewer cuts in 2025 than previously expected. In response, the Bitcoin price fell by more than 5%, dropping below the $100,000 mark before showing slight signs of recovery. Altcoins saw across-the-board double-digit percentage declines. The Federal Reserve’s decision—while meeting expectations for a 25-basis-point reduction—came with a notable shift in the projected rate trajectory for next year. Rather than the previously communicated four cuts, the central bank now anticipates only two, signaling a more cautious stance. This recalibration of future monetary policy sent ripples through the entire risk asset spectrum, prompting the S&P 500 to decline 3% and the Russell 2000 Small Cap Index to drop 4.4%. Is The Crypto Bull Run Over? Within the [...] newsbtc.com |
19.12.2024 14:00 The HRF announces their latest round of bitcoin grants, targeting key areas in Latin America, Asia, and Africa. bitcoinmagazine.com |
19.12.2024 14:00 Crypto hackers had a busy year in 2024, and cybersecurity experts warn that continued advances in artificial intelligence could bring new attack vectors in 2025. cointelegraph.com |
19.12.2024 13:49 Hut 8, a prominent player in North America's Bitcoin
mining sector, has boosted its Bitcoin reserves amid the current crypto bull market. A $100 million Bitcoin purchase has pushed the
company's reserve to 10,096 coins, valued at over $1 billion as
of today (Thursday). According to the official statement by the company, Hut 8 acquired approximately 990 Bitcoin at an average
price of $101,710 each, complementing its previous holdings. A Billion-Dollar Bitcoin ReserveThe company's reserve was built through a mix of
low-cost production and timely market purchases, achieving an average
acquisition cost of $24,484 per Bitcoin. This substantial reserve allows Hut 8 to leverage its
holdings in multiple ways, including financing large-scale projects and
optimizing its balance sheet.He emphasized that as Bitcoin production scales, Hut 8
expects to expand its holdings at a lower-than-market cost, further
strengthening its reserve strategy.Commenting about the acquisition, Asher Genoot, the [...] financemagnates.com |
19.12.2024 13:46 Hut 8 has acquired 990 Bitcoin for $100 million, boosting its total BTC holdings to over $1 billion as institutional adoption of cryptocurrency accelerates. cointelegraph.com |
19.12.2024 13:31 Solana’s decentralized applications (DApps) recorded $365 million in revenue in November, with memecoin launchpad Pump.fun..
The post Solana DApps Generate $365M In Revenue In November, Pump.fun Leads With $100M Monthly Earnings appeared first on 99Bitcoins. 99bitcoins.com |
19.12.2024 13:30 Michael Saylor, co-founder and executive chairman of Microstrategy, has discussed the opportunity for the U.S. to make the dollar ubiquitous by building a regulatory framework that allows U.S. banks to issue their treasury-backed stablecoins. Michael Saylor Discusses US Banks’ Upcoming Digital Dollar Adoption Michael Saylor, bitcoin visionary, co-founder, and executive chairman of Microstrategy, the first […] bitcoin.com |
19.12.2024 13:26 The Hong Kong Securities and Futures Commission (SFC) doubled the number of licensed virtual asset..
The post Hong Kong Expands Crypto Footprint With Licenses For Four More Exchanges appeared first on 99Bitcoins. 99bitcoins.com |
19.12.2024 13:00 Abu Dhabi, UAE – December 19, 2024 – VeraViews, a pioneer in blockchain-powered advertising transparency, has announced an exciting collaboration with OnDemand, the groundbreaking AI platform developed by AIREV. This partnership will harness OnDemand’s state-of-the-art AI capabilities to enhance VeraViews’ mission to combat ad fraud and ensure transparency in the digital advertising ecosystem. OnDemand’s powerful […] bitcoin.com |
19.12.2024 12:39 Key Takeaways: Memecoins have surprisingly overtaken BTC in the number of holders, highlighting their growing popularity in the crypto community. While memecoins are expected to drive market growth by 2025,
The post Memecoin Holders Surpass Bitcoin: What Does This Mean for Crypto? appeared first on CryptoNinjas. cryptoninjas.net |
19.12.2024 12:30 Coinbase announced in November that it would delist WBTC on December 19, after the token became affiliated with Tron founder Justin Sun. Coinbase and Bit Global Clash in Court Over WBTC Delisting California judge Araceli Martínez-Olguín gave crypto exchange Coinbase the green light to delist wrapped bitcoin (WBTC) despite attempts by digital asset custodian Bit […] bitcoin.com |
19.12.2024 12:16 Ethereum core developer Eric Connor said increasing gas limits could result in a 15% to 33% reduction in transaction fees. cointelegraph.com |
19.12.2024 11:30 The Bitcoin price experienced a significant downturn on Wednesday, briefly falling below the $100,000 milestone as the US Federal Reserve’s (Fed) cautious outlook on interest rate cuts dampened crypto investments. At one point in Wednesday’s trading session, the market’s leading crypto dropped to $98,760 before recovering to the six-figure mark. Other cryptocurrencies, including Ethereum (ETH) and Dogecoin (DOGE), also faced substantial retraces. Fed’s Cautious Rate Cut Sparks Uncertainty In Markets The Federal Reserve’s decision to lower borrowing costs for the third consecutive time came with a tempered forecast for future reductions, particularly for 2025. Chair Jerome Powell emphasized that more progress is needed on inflation before the central bank can consider further easing of monetary policy. Tony Sycamore, a market analyst at IG Australia Pty, noted that the Fed’s decision was largely anticipated given recent trends in US inflation and economic activity. However, it [...] newsbtc.com |
19.12.2024 11:15 Solana price is down today, registering a 9% decline over the past week as the wider cryptocurrency market continues to show weakness. cointelegraph.com |
19.12.2024 11:15 Binance CEO Richard Teng recently said it was “premature” to discuss the exchange’s return to the US. cointelegraph.com |
19.12.2024 10:30 The Federal High Court in Lagos has granted an interim order restraining the Advertising Regulatory Council of Nigeria (ARCON) from demanding $38.55 million (NGN60 billion) from Facebook Nigeria Operations Limited for an alleged violation. Justice Yellim Bogoro made the order on Dec. 12, 2024, following a motion ex parte filed by Facebook. Facebook sought two […] bitcoin.com |
19.12.2024 10:30 Sentiment for Ethereum (ETH) has reached its lowest levels in a year as the second-largest crypto by market capitalization struggles to reclaim the $4,000 mark. Despite investors’ sentiment, some analysts suggest that the King of altcoins is about to kickstart its bullish run to new highs. Related Reading: Bitcoin Could Peak Between $160,000 And $290,000 If These Historical Patterns Repeat – Report Ethereum Sentiment Drops To Yearly Low According to crypto analyst Ali Martinez, Ethereum social sentiment has hit a one-year low amid its struggle to turn the $4,000 resistance into support. Per the post, this metric reached its most negative levels since December 18, 2023, when ETH was trading around $2,100-$2,200. The analyst pointed out that this is a “classic bullish indicator,” noting that when sentiment hit “rock bottom” a year ago, ETH’s price rallied around 30% in the following weeks. The cryptocurrency climbed to the $2,700 mark by January 12, a key level in ETH’s rally to the [...] newsbtc.com |
19.12.2024 10:03 Despite the controversy faced by the platform, Pump.fun earned $106 million in DApp revenue in November. cointelegraph.com |
19.12.2024 09:55 The world's
leading cryptocurrency, Bitcoin (BTC), experienced significant volatility
following the Federal Reserve's (Fed’s) latest monetary policy announcement,
briefly dipping below the psychological $100,000 mark before staging a
recovery. The price
action reflects broader market uncertainty as investors digest the Fed's more
conservative approach to rate cuts in 2025.Why Is Bitcoin Down? $100K
SecuredBitcoin
touched $98,760 in a sharp downturn that erased nearly $10,000 from its recent
all-time high (ATH). The movement coincided with a broader sell-off in risk
assets, as market participants adjusted their positions following
the Fed's hawkish guidance.The
cryptocurrency market's reaction mirrors the complex interplay between monetary
policy and digital asset valuations. While
the Fed delivered its third consecutive rate cut, the central bank's
cautious stance on future reductions triggered a reassessment of risk positions
across multiple asset classes.“In support
of its goals, [...] financemagnates.com |
19.12.2024 09:30 Market expert Lark Davis has recently taken to social media to assert that the much-anticipated altcoin season is far from over despite short-term corrections and challenges the broader crypto market faces. Davis believes that significant opportunities lie ahead for altcoins, particularly as their total market capitalization (excluding Bitcoin and Ethereum) hovers around $1.05 trillion. Key Factors For Impending Altcoin Season The expert points out that the current altcoin market cap is nearing its previous high of $1.13 trillion from November 2021. He recalls a similar scenario from February 2021, when the altcoin market cap tested the highs from January 2018 before breaking through. This breakout resulted in an impressive surge from $360 billion in February 2021 to $1.13 trillion by November 2021—an increase of over 200%. Davis firmly believes that once the altcoin market cap surpasses the $1.13 trillion threshold again, we could witness one of the largest altcoin seasons in the [...] newsbtc.com |
19.12.2024 09:30 The Nigerian Economic and Financial Crimes Commission (EFCC) recently arrested 792 suspects involved in crypto romance scams. Scams Traced to Foreign Kingpins The Nigerian anti-graft body, the Economic and Financial Crimes Commission (EFCC), recently arrested 792 suspects implicated in crypto romance scams. The arrests followed a raid on a building believed to be a hub […] bitcoin.com |
19.12.2024 09:25 The OECD’s policy paper highlights AI’s potential to reshape G7 tourism, enhancing sustainability and visitor experiences while addressing risks. cointelegraph.com |
19.12.2024 09:00 In a report published on December 17, analysts at cryptocurrency exchange Bitfinex stated that a combination of rising institutional adoption of Bitcoin (BTC) and bullish technical indicators could push the leading cryptocurrency as high as $200,000 by mid-2025. The report also predicts that any price corrections during 2025 are likely to ‘remain mild.’ Bitcoin Pullbacks To Be Mild In 2025 Earlier this month, Bitcoin crossed the psychologically significant $100,000 price level, pushing its total market capitalization to slightly above $2 trillion at the time of writing. However, according to the latest edition of the Bitfinex Alpha report, BTC still has significant potential for growth heading into 2025. Related Reading: Bitcoin On Track For $275,000? Analyst Cites Cup And Handle Formation The report highlights several technical indicators, including market value to realized value (MVRV), net unrealized profit/loss (NUPL), and the bull-bear market cycle indicator, which collectively [...] newsbtc.com |
19.12.2024 09:00 Europe’s French Member of Parliament (MEP), Sarah Knafo, voiced strong support for Bitcoin while opposing..
The post European MP Advocates For Bitcoin Reserve, Opposes EU Digital Euro In Parliament appeared first on 99Bitcoins. 99bitcoins.com |
19.12.2024 08:30 Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients. Retail Users Misclassified Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients, thus denying them appropriate consumer protections. In its lawsuit filed in federal court, the Australian Securities and Investments […] bitcoin.com |
19.12.2024 07:58 Memecoins were also tipped by survey respondents as a leading source of market growth next year, behind AI tokens. cointelegraph.com |
19.12.2024 07:30 The 34-year-old mechanical engineer turned pornstar, is allegedly involved in multiple memecoin scandals. Owner of Peanut the Squirrel Faces Accusations Mark Longo meticulously crafted the persona of a warm-hearted animal lover, unfairly targeted by a tyrannical government entity. When Longo’s home was raided by New York State Department of Environmental Conservation (NYSDEC) agents on October […] bitcoin.com |
19.12.2024 07:30 Bitcoin has seen continuous bullish momentum in recent weeks resulting in the asset’s consistent new highs. According to recent analysis, this momentum appears to not just be random as it comes amid major moves behind the scenes. Particularly, recent data indicates that Bitcoin reserves have dropped to a historic low of 2.4 million, signaling a “supply shock” that has coincided with a surge in Bitcoin’s price. This reduction in exchange reserves, coupled with strong demand, has created a bullish environment that could set the stage for further price increases. Related Reading: Bitcoin’s Price Momentum Shifts As Spot Market Outpaces Futures – Here’s What It Means A Supply Shock In The Making A CryptoQuant analyst known as Kripto Baykus shared the outlook on Bitcoin’s exchange reserve hitting historic low in a post on the QuickTake platform. In the post, Baykus highlighted that the year began with Bitcoin reserves at approximately 3 million on exchanges. However, a steady decline [...] newsbtc.com |
19.12.2024 07:02 Bitcoin briefly dipped below $100,000 after hawkish comments from the US Federal Reserve, with an analyst suggesting its price is forming a bearish pattern on the week. cointelegraph.com |
19.12.2024 06:59 Delphi Digital’s former vice president of fiance, Dylan Meissner, was sentenced to four years in jail for stealing $4.5 million from the firm and attempting to cover it up. cointelegraph.com |
19.12.2024 06:43 The Digital Chamber issued a crypto agenda for the incoming SEC leadership to repair its “troubled relationship” with the crypto industry. cointelegraph.com |
19.12.2024 06:30 Bitcoin’s surge past $100,000 has created 14,211 new millionaires and four new billionaires, a new study NFT Evening has revealed. Bitcoin Investors Outshine Blue-Chip Stock Investors According to findings from an NFT Evening study, bitcoin’s surge past the $100,000 mark has created 14,211 new millionaires and four new billionaires. The report explains that bitcoin (BTC) […] bitcoin.com |
19.12.2024 06:23 Key Takeaways: The interest rate cut by the Fed failed to bring the expected positivity in the crypto market, which instead triggered a massive sell-off, with Bitcoin sinking below $99,000.
The post Crypto Market Sees Bloodbath Following Fed’s Rate Cut Decision: What’s Happening? appeared first on CryptoNinjas. cryptoninjas.net |
19.12.2024 06:08 Cardano price started a downside correction below the $1.050 zone. ADA is consolidating and facing hurdles near the $1.020 and $1.040 levels. ADA price started a downward move below the $1.020 support zone. The price is trading below $1.00 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $1.015 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.020 resistance zone. Cardano Price Faces Selling Pressure After struggling to clear the $1.120 resistance zone, Cardano started a fresh decline, like Bitcoin and Ethereum. ADA declined below the $1.10 and $1.050 support levels. The pair even declined below $1.00. A low was formed at $0.9151 and the price is now consolidating losses. There was a minor increase above the $0.940 resistance level. It cleared the 23.6% Fib retracement level of the downward move from the $1.1113 swing high to the $0.9151 low. Cardano price [...] newsbtc.com |
19.12.2024 06:00 On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether’s USDT. The “Exchange Flow Balance” here refers to an indicator that keeps track of the net amount of a given asset entering or exiting the wallets associated with centralized exchanges. When the value of this metric is positive, it means the inflows outweigh the outflows, and a net amount of the coin is entered into the exchanges’ wallets. Such a trend is usually a sign of demand among investors for trading away the cryptocurrency. Related Reading: Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says On the other hand, the negative indicator implies the holders are withdrawing a net number of tokens from these platforms. This [...] newsbtc.com |
19.12.2024 05:30 Russia criticized U.S. threat diplomacy as BRICS advances efforts to reduce reliance on the dollar, citing flawed U.S. policies and escalating global economic tensions. Russia Calls Out US ‘Threat Diplomacy’ Amid Dollar Power Struggle The standoff over the global role of the U.S. dollar has intensified, with BRICS nations readying to counter President-elect Donald Trump’s […] bitcoin.com |