{
}
Ethereum (ETH) has faced a 16.48% decline over the past week, dropping to a low of $3,095 after failing to reclaim the $4,000 resistance. However, recent cooling in the funding rate and increased accumulation by large holders suggest a potential rebound towards $3,300, with optimistic futures market conditions indicating further price recovery could follow. If bullish momentum continues, ETH may aim for higher resistance levels around $3,700 and $3,900, although bearish pressures remain a concern.
Liquidations in the cryptocurrency market have surged past $1 billion as Bitcoin plummeted to under $98,000, following negative remarks from the US Federal Reserve Chair. Altcoins like ETH, DOGE, and ADA experienced severe losses, with over 330,000 traders affected. The largest liquidation order exceeded $11 million on Bitmex, highlighting the volatility in the market.
Liquidations in the cryptocurrency market have surged past $1 billion as Bitcoin (BTC) fell below $98,000, following negative remarks from the US Federal Reserve Chair. Altcoins like ETH, DOGE, and ADA experienced significant losses, with over 330,000 traders affected in the last 24 hours. The total value of liquidated positions highlights the volatility and turmoil within the market.
Arthur Hayes, former BitMEX CEO, warns of a potential "harrowing dump" in the crypto market around Donald Trump's inauguration, driven by unrealistic investor expectations. He anticipates a significant sell-off followed by a bullish reversal, while his fund plans to profit before the downturn. Contrastingly, firms like Matrixport and Standard Chartered predict a strong start for Bitcoin in 2025, with price targets reaching up to $200,000.
The Federal Reserve has cut its benchmark interest rate by 25 basis points to a target range of 4.25%-4.5%, reflecting mixed economic signals. This decision comes as the crypto market faces declines, with Bitcoin down 4% and Ethereum and Solana experiencing larger losses.Economic projections indicate a GDP growth of 2.5% for 2024, with a slight rise in the unemployment rate to 4.3% by 2025. Analysts are cautious about future rate cuts, anticipating only two reductions in 2025, while uncertainty surrounding President-elect Donald Trump's policies adds to market volatility.
Arthur Hayes, co-founder of BitMEX, warns that the bullish crypto market following Donald Trump's election victory may face a significant downturn around his inauguration on January 20th. He predicts a "harrowing dump" as investors realize that substantial policy changes may take time, leading to a sell-off in crypto assets. Despite this, Hayes remains optimistic about potential market recovery after the inauguration.
Bitcoin has pulled back to $104,679 after reaching an all-time high of over $108,000, with analysts divided on future trends. While some predict a potential rise to $145,000 by mid-2025 due to institutional demand, others warn of a possible market dump post-Trump's inauguration in January 2025. Ethereum and XRP face resistance at $4,094 and $2.91, respectively, while Solana struggles to maintain support at $210.
Arthur Hayes, former BitMEX CEO, warns of a potential "vicious sell-off" in Bitcoin as Donald Trump takes office, citing unrealistic expectations for his administration's crypto policies. He doubts the establishment of a strategic Bitcoin reserve from seized assets and predicts market disappointment ahead of the 2026 midterms. Despite a low prediction accuracy of 25%, Hayes remains optimistic about Bitcoin's long-term potential, advocating for buying during market dips.
Arthur Hayes, co-founder of BitMEX, warns of a potential crypto sell-off around Donald Trump's inauguration in January 2025, citing a disconnect between market expectations and the reality of policy implementation. His investment fund, Maelstrom, plans to reduce positions in anticipation of lower prices, predicting a significant market drop before a recovery later in the year. Despite optimism from other analysts about Trump's impact on Bitcoin, Hayes emphasizes the likelihood of a harsh market correction as investors adjust to the slower pace of policy changes.
Superform has launched SuperUSDC, a DeFi product designed for automated yield management on Circle's stablecoin, USDC. This offering follows user feedback and aims to provide a curated selection of yield opportunities across various blockchain platforms. With $3 million raised in funding, Superform is positioned to capitalize on the anticipated growth of stablecoins, despite past market challenges.
BitMEX Token USD
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ethereum shows signs of recovery as funding rates stabilize after recent dip
15:00 23.12.2024
liquidations exceed one billion as bitcoin and altcoins face sharp declines
19:13 19.12.2024
cryptocurrency market faces over 1 billion in liquidations as prices plummet
19:03 19.12.2024
crypto market faces potential sell-off amid trump inauguration expectations
United States Dollar
Standard Chartered PLC
BitMEX Token USD
USA
Donald Trump
Matt Hougan
Arthur Hayes
Show more
12:30 19.12.2024
federal reserve cuts rates as crypto market faces significant losses
20:13 18.12.2024
crypto market may face downturn after trumps inauguration warns expert
United States Dollar
BitMEX Token USD
USA
Donald Trump
Paul Atkins
Gary Gensler
Arthur Hayes
Show more
18:38 18.12.2024
cryptocurrency market analysis bitcoin and altcoins face potential consolidation
18:25 18.12.2024
arthur hayes warns of bitcoin sell-off amid trump presidency expectations
14:57 18.12.2024
trump inauguration may lead to crypto sell off warns arthur hayes
14:49 18.12.2024
superform launches superusdc for automated yield management on stablecoins
VanEck Vietnam ETF
BitMEX Token USD
Vikram Arun
Gary Gensler
Arthur Hayes
Sebastian Sinclair
Show more
15:01 12.12.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Startups & Entrepreneurship
Global Financial Events
CEO Changes
Finance Mergers & Acquisitions
Financial Scams and Security
Banking Regulations
Market Analysis and Predictions
Central Bank Actions
AI Innovations
Hedge Funds & Private Equity
Global Trade Developments
Industry Mergers & Acquisitions
Government Policies
Workplace Trends
Supply Chain Management
Government Economic Policies
Countries:
Companies:
Tesla, Inc.
Wells Fargo & Company
Apple Inc.
Bank of America Corporation
The Goldman Sachs Group, Inc.
Barclays PLC
NatWest Group plc
JPMorgan Chase & Co.
NVIDIA Corporation
Lloyds Banking Group plc
Mastercard Inc
Visa Inc.
Santander UK plc
Citigroup Inc.
Morgan Stanley
HSBC Holdings plc
Nintendo Co., Ltd.
Berkshire Hathaway Inc.
Mercedes-Benz Group AG
Amazon.com, Inc.
Currencies:
United States Dollar
Chinese Yuan
British Pound Sterling
Swiss Franc
Euro
Japanese Yen
Indonesian Rupiah
Indian Rupee
United Arab Emirates Dirham
Offshore Chinese Yuan
Singapore Dollar
Qatari Riyal
South Korean Won
Jordanian Dinar
Brazilian Real
Saudi Riyal
People: