Dow set to rise as government shutdown averted and Santa rally continues

The Dow is set to open higher as optimism grows following an agreement to avert a federal government shutdown. This positive sentiment is further bolstered by recent inflation data, keeping hopes for a 'Santa rally' alive as the year draws to a close.

Botswana central bank calls for crypto regulation despite minimal financial risks

Botswana's central bank has identified minimal risks from local crypto markets to financial stability, attributing this to their underdevelopment. However, it emphasizes the need for regulatory frameworks to address potential future risks, particularly concerning money laundering and terrorist financing linked to digital payment instruments. The bank calls for compliance with anti-money laundering regulations and enhanced market surveillance to mitigate these security threats.

bitcoin faces potential downturn as market sentiment shifts and support weakens

Bitcoin starts Christmas week facing potential bearish trends, with a significant dip risk as support weakens. Analysts warn of a possible drop to $74,000, while macroeconomic factors and liquidity concerns could lead to a $20,000 decline. Despite negative sentiment, a buying indicator suggests a favorable moment for dollar-cost averaging strategies.

Solana's $175 Support Level Sparks Interest Amid Market Uncertainty

Solana (SOL) has experienced a significant pullback, dropping over 30% to a critical support level of $175, which coincides with the 100-day EMA and Fibonacci retracement levels. Analysts view this as a potential buying opportunity, especially as the daily RSI indicates oversold conditions. Despite negative market sentiment, over 82% of top traders on Binance maintain long positions, suggesting confidence in a possible recovery if SOL holds above $175.
09:20 23.12.2024

Uniswap to launch DeFi focused Layer 2 mainnet in early 2025

Uniswap is set to launch Unichain, its DeFi-focused Layer 2 mainnet, in early 2025, following successful testing on Ethereum’s Sepolia testnet. The network aims to enhance scalability with features like Flashblocks for 250ms block times and permissionless fault proofs for improved security. Unichain will join Optimism’s Superchain ecosystem, solidifying Uniswap's leadership in decentralized finance.
09:06 23.12.2024

bitcoin veteran predicts omega candles will normalize extreme price movements

Samson Mow, a Bitcoin veteran, predicts that Bitcoin is transitioning to a phase of "omega candles," where daily price movements could reach $100,000, following the normalization of extreme volatility. He highlights that in countries with weaker currencies, such price fluctuations are already common, illustrating a disconnect between the fiat monetary system and Bitcoin's perceived volatility. As Bitcoin approaches $100,000, Mow anticipates that significant price movements will become routine, challenging traditional views on currency value.

russell 2000 poised for short term rebound amid low market volatility

The Russell 2000 index has experienced a significant decline, dropping 10% from its recent peak, influenced by rising long-term bond yields and a shift in market sentiment. However, signs of oversold conditions suggest a potential short-term rebound, with low market volatility expected this week due to the holiday season. Key entry points are identified at 2200, targeting 2300 and 2400, with a stop at 2150, indicating a favorable risk/reward ratio.

flare limits fasset minting to enhance security during songbird testing phase

Flare's FAsset minting on the Songbird network is intentionally limited to mitigate collateral risks, capping coverage at $300,000 during the testing phase. Co-founder Hugo Philion emphasized that while agents can provide more collateral, they are hesitant due to the lack of coverage beyond this limit. This cautious approach aims to ensure security and trust before transitioning to Flare's main network.

dogecoin poised for breakout as bullish trends suggest price surge ahead

Dogecoin is currently experiencing a price range between $0.3049 and $0.3229, with a bullish structure indicating a potential breakout. Technical analysis suggests that an ascending channel could lead to a significant surge, possibly pushing the price above $1 in early 2025, especially with Elon Musk's anticipated involvement. Projections indicate that Dogecoin could reach as high as $2.1 in January 2025, with further momentum potentially driving it above $10 later that year.
09:00 23.12.2024

XRP price could surge to ten dollars by early 2025 analysts predict

XRP is currently priced at $2.2, but analysts predict it could reach $10 by early 2025, mirroring its 2017 price pattern. If this trajectory continues, a parabolic surge could push XRP to $35 by late 2025, driven by increased institutional interest and favorable market conditions.
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