Cryptocurrency - news

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 [...]

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 […]

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 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.

The Digital Chamber issued a crypto agenda for the incoming SEC leadership to repair its “troubled relationship” with the crypto industry.

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.

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 [...]

XRP price started a fresh decline below the $2.350 zone. The price retested the $2.20 support zone and is currently attempting a recovery wave. XRP price started a fresh decline from the $2.720 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.45 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.40 resistance. XRP Price Dives To $2.20 XRP price failed to start a fresh increase above the $2.50 level and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $2.45 and $2.40 levels. The price declined over 5% and there was a move below the $2.320 support. Finally, the price spiked below the $2.20 support. A low was formed at $2.171 and the price is now correcting losses. There was a move above the $2.250 level. The price cleared the 23.6% Fib retracement level of the downward move from [...]

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 [...]

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 [...]

U.S. Senator foresees 2025 as a pivotal year for cryptocurrency, highlighting plans for a strategic bitcoin reserve and sweeping pro-crypto legislation under new leadership. Strategic Bitcoin Reserve and Digital Asset Laws Set to Redefine 2025 U.S. Senator Cynthia Lummis (R-WY) reiterated her strong support for cryptocurrency in a post on social media platform X Tuesday, […]

On Wednesday, the price of bitcoin plummeted below the $100,000 mark, hitting an intraday low of $99,997 per coin. The whole crypto market has taken a hit, dropping 5.74% in the past 24 hours, with numerous coins feeling the sting of heavy losses. Bitcoin’s Rollercoaster Week: From Record High to Sub-$100K Slide It feels like […]

One Bitcoin developer argues that any change to Bitcoin’s fixed supply, while theoretically possible, wouldn’t be considered “Bitcoin” anymore.

The Dogecoin (DOGE) price appears primed for a significant bullish reversal, supported by technical indicators and market sentiment data. Despite recent downward pressures, several factors suggest a potential upward trajectory for the popular memecoin. #1 Dogecoin Bounces Off Key Support Level (1D Chart) Crypto analyst CRG (@MacroCRG) highlighted the resilience of Dogecoin and PEPE, another prominent memecoin, stating, “DOGE + PEPE both bouncing from important areas. The memecoin demise is greatly exaggerated IMO. Next leg up gonna take many by surprise.” CRG’s technical analysis reveals that DOGE has maintained a daily close above the critical support level of $0.385 for nine consecutive days, despite substantial selling pressure. Similarly, PEPE has sustained crucial support, indicating that the “memecoin season” might be making a comeback imminently. Related Reading: Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’ For Dogecoin, the short-term resistance zone at $0.42 [...]

Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions, as U.S. crypto policies and market dynamics rapidly shift. Why the Federal Reserve Can’t—and Won’t—Hold Bitcoin Anytime Soon Federal Reserve Chair Jerome Powell reiterated the central bank’s stance on bitcoin during a press conference Wednesday, following a rate […]

Cardano (ADA) has been through a rollercoaster of volatility, with the price experiencing significant ups and downs over recent weeks. After hitting a local top of $1.32, ADA retraced over 30%, dropping to $0.91 before returning to a critical support level. This price action has left investors speculating whether the current recovery marks the start of a new bullish phase or simply a temporary pause before further downside. Related Reading: Solana Monthly Chart ‘Looks Ready For A Monster Run’ – Details Top analyst Ali Martinez recently shared key insights on X, leveraging Santiment metrics to shed light on whale activity driving Cardano’s market movements. According to Martinez, large ADA holders began taking profits as the price rallied from $1.15 to $1.33. However, the story shifted dramatically as ADA dropped below $1, with whales accumulating again at the $0.91, signaling renewed confidence in the token’s potential. With whale activity and market dynamics heating up, Cardano has [...]

A crypto analyst has shared an XRP price chart, analyzing its action on the 4-hour timeframe while pinpointing key metrics of strength that suggest a possible rally. The analyst has predicted that XRP is preparing for a significant run to $11, marking a new All-Time High (ATH).  Key Metrics Suggest XRP Price Set For $11 Surge In an X (formerly Twitter) post on Tuesday, prominent crypto analyst Javon Marks shared key observations of XRP’s price behavior, noting signs of strength through crucial metrics and a potential for a significant price rally to a new ATH at $11. The analyst has suggested that XRP shows clear upward momentum, with a sharp increase visible on the presented price chart.  Related Reading: Ethereum Price Crash Incoming? Tron’s Justin Sun Unstakes $209 Million ETH From Lido Finance Looking at the chart, XRP has been breaking recent resistance levels and maintaining bullish momentum. XRP’s strongest resistance at $0.5, which lasted for over three years, was broken [...]

Bitcoin price sold off, and the wider crypto market corrected following the Federal Reserve's hawkish 2025 outlook on inflation.

On Wednesday, cryptocurrency entrepreneur Roger Ver joined The Alex Jones Show alongside Mike Adams, who is widely recognized as “The Health Ranger” and serves as the founder and owner of Natural News. During the segment, Adams stated that he is “personally advocating for President Trump to consider a pardon for Roger Ver.” Freedom Under Fire: […]

A federal judge has given Eric Council Jr., who pleaded not guilty to compromising the SEC’s X account, permission to travel to North Carolina between Dec. 23 and 29.

Solana (SOL) finds itself at a critical juncture as it tests demand at a price level that previously acted as key resistance. Since late November, SOL’s price has been in a retrace, dampening the hype surrounding the cryptocurrency. The prolonged decline has left investors uncertain about the next move for Solana, with many questioning whether it can regain its bullish momentum. Related Reading: XRP Consolidation Could End Once It Clears $2.60 – Top Analyst Expects $4 Soon Top analyst Jelle recently shared a technical analysis on X, shedding light on Solana’s current setup. According to Jelle, Solana has formed a falling wedge pattern—a classic bullish formation—into what was once a critical resistance level. The price has confirmed this level as support, providing a potential foundation for a significant rally in the near term. If the support holds, it could reignite bullish sentiment and position Solana for another strong run. However, a failure to sustain this level may signal [...]

The draft executive order by the Bitcoin Policy Institute seeks to extend the conversations regarding the U.S. establishing a strategic bitcoin reserve. Establishing Bitcoin as a National Asset for Americans The Bitcoin Policy Institute has drafted an executive order for President Trump‘s consideration aimed at establishing a strategic bitcoin reserve. The draft executive order seeks […]

The ETF, which Grayscale spun off from its older Grayscale Bitcoin Trust, now holds around $4 billion in assets.

The cryptocurrency market is facing a short-term correction after a sustained bull run since early November. Among the altcoins, Binance's native token, BNB, has dropped 1.5% in the past day but is up 1.64%.This is despite the latest legal challenges facing the exchange in Australia. The Australian Securities and Investments Commission (ASIC) is suing Binance Australia. The lawsuit claims the crypto exchange giant misclassified over 500 retail investors as wholesale clients, denying them essential protections under Australian financial law. More than $100 Billion Market CapCurrently ranked sixth with a market capitalization of $103 billion, the digital asset is changing hands at $717 behind Solana, which traded at $216 at the time of publication with a slightly higher market capitalization. ASIC's alleged oversight by the exchange, which spans 2022 and 2023, could reportedly have exposed clients to significant financial risks. The case involves the classification of 83% of its [...]

Key Takeaways: Deutsche Bank is developing an Ethereum-based Layer 2 blockchain using ZKsync in a way that will enhance the level of compliance in regulated financial systems. The initiative, known The post Deutsche Bank is Building on Ethereum to Modernize Finance appeared first on CryptoNinjas.