Bitcoin's long-term holder Spent Output Profit Ratio (SOPR) remains above 1, indicating that investors are selling at a profit without exerting significant downward pressure on prices. This trend reflects renewed confidence among long-term holders, contributing to market stability despite recent price declines, with Bitcoin currently trading at $93,991. The sustained SOPR above 1 suggests a mature market dynamic, as long-term investors are not hastily offloading their assets.
Dogecoin (DOGE) may experience a period of stagnation until mid-April 2025, followed by a potential rally peaking around August, according to analyst predictions. Despite current downside risks, the upcoming pro-crypto policies under President Trump and Elon Musk's influence could boost DOGE's performance sooner. Meanwhile, new meme coin Flockerz (FLOCK) is gaining attention, having raised over $7.6 million shortly after its launch, indicating strong market interest in emerging meme coins.
Raiffeisen Bank International faces a potential €1.9 billion fine in a legal dispute over its Russian operations, with a court hearing scheduled for December 25. The lawsuit, initiated by Russian investment holding Rasperia, could significantly impact the bank's balance sheet, as it has over €6 billion tied up in Russia due to sanctions. Despite not being directly accused of misconduct, RBI is under pressure from the ECB and US authorities to reduce its Russian activities.
Ethereum has breached the crucial 50 EMA support level, raising concerns about its bullish momentum and potential decline towards the 100 EMA at $3,100. Solana is testing the 200 EMA at $175, a critical support level, while Shiba Inu hovers around the same indicator, facing bearish pressure and potential further losses if it drops below $0.000020. The coming days will be pivotal for all three assets as they navigate these critical levels.
Rising crypto scams have resulted in total losses of $2.3 billion in 2024, underscoring the urgent need for enhanced vigilance in the cryptocurrency space. Scams involving fake seed phrases and wallet traps are particularly prevalent, highlighting vulnerabilities that users must address.
UBS Group AG plans to cut jobs in France due to sluggish economic growth and the integration of Credit Suisse, following its acquisition in June 2023. The French economy is projected to grow only 0.2% per quarter in early 2025, prompting UBS to restructure its operations. The bank is committed to collaborating with employees to mitigate the impact of these changes.
UBS Group AG plans to cut jobs in France due to sluggish economic growth and the integration of Credit Suisse, following its acquisition in June 2023. The French economy is projected to grow only 0.2% per quarter in early 2025, prompting UBS to restructure its operations. The bank is committed to collaborating with employees to mitigate the impact of these changes.
Crypto payments firm MoonPay is reportedly in discussions to acquire Helio Pay for approximately $150 million, marking its largest acquisition to date. Helio Pay offers a self-service platform for over 6,000 e-commerce merchants to accept various cryptocurrencies, including Bitcoin and Ether.This acquisition would enhance MoonPay's merchant services and expand its user base, which currently includes around 20 million users across more than 160 countries. MoonPay, founded in 2018, provides a suite of crypto payment solutions, including support for debit and credit card transactions, as well as mobile payment services.
Matador Technologies, a Canadian crypto firm, plans to adopt Bitcoin as a treasury reserve asset, starting with a $4.5 million purchase. The company, which aims to launch a platform for trading digital representations of gold by early 2025, has seen its stock price drop 35% since its recent debut on the TSX Venture Exchange. Meanwhile, Bitcoin's price has fallen below $93,000, marking its lowest point in nearly a month, as market conditions shift.
UBS advises investors to take advantage of further US dollar strength by diversifying into other currencies, citing the dollar's overvaluation despite recent gains. The bank highlights the British pound (GBP) and Australian dollar (AUD) as attractive options for potential growth amid changing global monetary conditions.

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