Investors withdrew a record $680 million from Bitcoin ETFs, marking the largest outflow in months, as Bitcoin's price fell 5% to around $97,400. This decline follows the Federal Reserve's updated projections, which now anticipate only two rate cuts in 2025, leading to bearish sentiment in the market. Analysts warn that continued selling pressure could further strain market sentiment, with potential volatility ahead if Bitcoin drops below key support levels.
A prominent crypto analyst warns of potential price volatility in the digital asset market before year-end, suggesting one or more market flushes may occur. He anticipates a rally in January, advising investors to sell underperforming assets for cash to reinvest in stronger projects like decentralized finance protocol Usual (USUAL), which has shown resilience during market downturns. The analyst also notes that Bitcoin (BTC) may approach a local bottom, predicting a possible decline to around $90,911 before a reversal.
Qubetics ($TICS) is revolutionizing blockchain accessibility with its QubeQode IDE, enabling businesses to develop applications easily. Currently in its presale, it has raised over $7.3 million, with projections suggesting a potential ROI of over 29,000% post-launch. Other notable cryptocurrencies include Hedera, Ocean Protocol, and Kadena, each offering unique solutions for enterprise applications, decentralized data sharing, and scalable blockchain technology, making them strong candidates for long-term investment.
Ethereum has faced significant resistance at the $4,000 mark, struggling to maintain momentum after a recent drop to $3,097, despite a slight recovery to $3,475. Trading volume has decreased by nearly 15%, and the launch of spot ETFs has not met expectations, with recent outflows indicating waning investor interest. Additionally, a notable sell-off in the futures market and concerns over high supply further complicate Ethereum's outlook, leaving analysts divided on its future trajectory.
Wall Street is experiencing one of its priciest stock markets in history, with the S&P 500's Shiller P/E ratio nearing 39, significantly above the historical average of 17.19. This elevated valuation raises concerns about potential volatility and declines in 2025, prompting a strategy of holding 15% to 30% of portfolios in cash to capitalize on future buying opportunities. Historical trends indicate that when the Shiller P/E exceeds 30, significant market corrections often follow.
In the evolving cryptocurrency landscape, DTX Exchange (DTX) stands out with a successful $10.4 million presale, showcasing its innovative hybrid exchange and high-speed Layer-1 blockchain, VulcanX, capable of 100,000 TPS. Meanwhile, Fantom (FTM) has launched the Sonic Protocol, enhancing its ecosystem with upgraded Sonic tokens, and PEPE is currently trading near crucial support levels after a recent decline. Investors are eyeing these projects for potential gains as the market prepares for the next bull cycle.
The PUK report on Credit Suisse's downfall presents thirty proposals aimed at enhancing financial supervision and addressing the "too big to fail" issue, emphasizing the need for better coordination among authorities. While the Federal Council acknowledges most recommendations, it rejects a key proposal for stricter residency requirements for board members, citing existing corporate governance regulations. The report highlights the ineffectiveness of FINMA's interventions and raises concerns about the regulatory capture of financial authorities.
Ethereum is poised for a breakout, with expectations to surpass $4,100 soon, mirroring its 2020-21 cycle. Meanwhile, Shiba Inu (SHIB) is forecasted to reach between $0.0000234 and $0.0000998 by 2025, despite recent market corrections. DTX Exchange has gained traction, attracting over 300,000 wallets and raising $10.4 million, positioning itself as a potential 10x investment opportunity.
Tether's USDT is facing delisting from several EU exchanges due to the new Markets in Crypto-Assets (MiCA) regulations, which require stablecoins to be issued by licensed firms. This move raises concerns about liquidity and could hinder the EU's competitiveness in the crypto market, as traders shift to fiat currencies amid fewer USDT trading pairs. Critics argue that the restrictions may disrupt trading and push investors away from the region, especially as North America embraces a more crypto-friendly regulatory environment.
Shiba Inu (SHIB) has partnered with Chainlink to enhance Shibarium's operations through the adoption of the CCT standard, aiming to improve efficiency and security in DeFi. Despite this development, SHIB has faced significant selling pressure, resulting in a 35% price drop, with large holder outflows outpacing inflows. While the market shows signs of potential re-accumulation, bearish momentum persists, indicating further downside could be possible.
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