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Bitcoin price dip signals normal correction amid ongoing bull cycle optimism
Bitcoin's recent price drop to $92,281, following a peak of $108,268, is linked to the US Federal Reserve's policy changes, including a reduction in projected rate cuts. Despite this decline, analyst Burak Kesmeci asserts that Bitcoin remains in a bullish cycle, with key moving averages indicating potential for recovery. Currently trading at $97,354, Bitcoin's market structure is still intact, and corrections of 20-30% are considered normal in bull runs.
Bitcoinist.com
USA
Finance & Economy, Market Report
21:00 21.12.2024
cryptopia hack victims receive over 225 million dollars in cryptocurrency distributions
Hack victims of the collapsed New Zealand crypto exchange Cryptopia are set to receive over $225 million in digital assets after years of waiting. More than 10,000 verified account holders have begun receiving distributions of Bitcoin and Dogecoin, following a judge's ruling that recognized digital assets as property in liquidation cases. Liquidators are committed to resolving the matter swiftly for affected customers.
dailyhodl.com
Cryptopia USD NZL David Ruscoe
Finance & Economy, Press Release
20:45 21.12.2024
Warren Buffett invests over 563 million in Occidental Sirius XM and VeriSign
Warren Buffett has invested over $563 million into three assets after selling significant stakes in Apple and Bank of America. His recent purchases include $405 million in Occidental Petroleum, $113 million in Sirius XM Holdings, and $45 million in VeriSign, as Berkshire Hathaway now owns more than 10% of each company.
dailyhodl.com
Sirius XM Holdings Inc. VeriSign, Inc. OCCIDENTAL PETROLEUM USA Warren Buffett Show more
Finance & Economy, Market Report
20:37 21.12.2024
Chinese auto dealer invests 256 million dollars in Bitcoin mining expansion
Cango Inc., a Shanghai-based car dealership, has invested $256 million in Bitcoin mining, acquiring 32 EH/s from Bitmain Technologies. The company extracted 363 BTC in November, positioning itself as the fifth-largest public Bitcoin miner globally, with plans to expand its hashrate to 50 EH/s by 2025. Despite China's mining ban, Cango's venture is thriving, significantly boosting its revenue and market cap.
CryptoPotato
United States Dollar Cango Inc. Marathon Digital Holdings Inc CHN USA Max Huang
Finance & Economy, Market Report
20:36 21.12.2024
solana shows potential for recovery despite recent market downturn
Solana (SOL) has faced a 17.13% decline amidst recent market turmoil, following a peak of $263.83 post-US elections. Despite this, analysts from Glassnode highlight a positive net capital inflow and suggest that the MVRV ratio indicates potential for further gains before reaching an overheated market state. Currently trading at $194.58, Solana has seen a remarkable 2,143% increase since its November 2022 low, outperforming Bitcoin and Ethereum on numerous market days.
NewsBTC
Crypto, Market Report
20:30 21.12.2024
dogecoin faces 25 percent drop amid market correction fears of further decline
Dogecoin (DOGE) has plummeted 25% in two days, raising concerns it may fall below $0.20 amid a broader crypto market correction. Analysts highlight a key support level at $0.22076, while predictions suggest a potential rebound, with forecasts of reaching $1.21 by March 2025.
Watcher Guru
End Federal Reserve USD Joe Biden Jerome Powell
Finance & Economy, Market Report
20:30 21.12.2024
Wall Street Pepe raises 33.5 million amid crypto market recovery
Wall Street Pepe (WEPE) is rapidly gaining traction, raising over $33.5 million in just 18 days, positioning itself as a leading meme coin ICO. With a strong community of 25,000 followers on X (Twitter) and 11,000 on Telegram, the token is currently priced at $0.0003652, set to increase soon due to its dynamic pricing model. As the crypto market recovers, meme coins like Pepe are experiencing significant interest, with analysts predicting a bullish trend ahead.
CryptoPotato
Elon Musk Gary Gensler
Finance & Economy, Market Report
20:21 21.12.2024
emerging meme coins flockerz and solaxy attract investor attention and support
Investors in the Flockerz ($FLOCK) token are rewarded with tokens for participating in votes, fostering community engagement and project development. With over $7 million raised in its presale, analysts are optimistic about its potential, especially with Binance possibly considering a listing post-launch. Meanwhile, the meme coin market is witnessing significant gains, particularly from tokens like $PENGU and Bonk, as analysts speculate on emerging coins like Flockerz and Solaxy ($SOLX) for future growth.
cryptopotato.com
Show more
Crypto, Market Report
20:21 21.12.2024
ethereum price recovery driven by whale purchases and strong market support
Ethereum is showing signs of recovery, trading around $3,475 after a dip below $2,800, thanks to significant purchases by whales totaling 8,440 ETH worth approximately $28.43 million. This activity, alongside strong support levels and increased trading volume, suggests growing investor confidence and potential for further gains. If Ethereum breaks the $3,500 resistance, it could aim for $4,000, bolstered by its role in decentralized finance and the upcoming Ethereum 2.0 upgrade.
The Currency analytics
Crypto, Market Report
20:16 21.12.2024
massive dogecoin transfer to binance sparks speculation on market movements
A significant transfer of 200 million Dogecoins, valued at approximately $59.9 million, was made from an unknown wallet to Binance, suggesting potential trading activity or liquidity preparation. Despite a recent dip, Dogecoin's price rebounded nearly 13% to $0.323, following a broader market recovery. The number of Dogecoin holders has surged to over 6.6 million in 2024, contributing to a 400% increase in the market capitalization of meme coins this year.
The Crypto Times
Finance & Economy, Market Report
20:14 21.12.2024
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