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Ethereum's price has plunged over 7%, dropping below the $3,680 mark and struggling to maintain levels above $3,550. Currently, it faces significant resistance at $3,650, with potential further declines if it fails to hold above the $3,320 support level. Key resistance levels are identified at $3,715 and $3,800, while initial support is near $3,350.
Bitcoin's price has continued to decline, trading below the $100,000 mark and struggling to maintain momentum. Currently, it faces resistance at $98,500, while immediate support is near $95,500, with potential further declines toward the $92,000 level if bearish trends persist. Technical indicators show increasing bearish momentum, suggesting a challenging outlook for bulls.
Kraken has launched Ink, its Layer-2 blockchain on the Ethereum mainnet, ahead of the planned Q1 2025 release. The platform aims to enhance DeFi by bridging users and developers, featuring over 8 million transactions during its test phase and plans for a permissionless proof-of-error system to boost accountability and security. Ink leverages Optimism’s OP Stack, receiving a $58 million grant, while Kraken navigates recent regulatory challenges.
Ink Chain has launched its mainnet ahead of schedule, partnering with RedStone to enhance its DeFi ecosystem with real-time price feeds. Built on the Optimism Superchain, Ink aims to facilitate the development of next-generation DeFi applications while ensuring low fees and fast transactions. Meanwhile, Pepe coin has experienced a significant decline, invalidating bullish patterns amid broader market losses and a drop in smart money interest.
19:30 18.12.2024
Tether is solidifying its position in Europe's stablecoin market, moving an average of $40 million daily to exchanges as the MiCA regulations approach. Despite Coinbase's delisting of USDT for European users, other major exchanges continue to support it. Tether's investment in StablR, a compliant stablecoin issuer, highlights its commitment to regulatory adaptation and innovation, with StablR's MiCA-compliant stablecoins enhancing liquidity and accessibility in the growing European market.
Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, ticker BSOL, offering a 6.48% annual percentage yield, surpassing competitors like 21Shares. With a management fee of 0.85%, it aims to attract stakers while awaiting U.S. approval for its Solana ETF. The firm remains optimistic about ETF approvals by 2025, predicting significant growth in the crypto market.
XRP price has surged above $2.50, currently consolidating gains with support at $2.53. A breakout above the $2.620 resistance could propel it towards $2.80, while dips may find support near $2.520 and $2.440. The bullish trend remains intact as technical indicators show positive momentum.
Ethereum price has struggled to maintain levels above $4,000, recently declining below key support zones. Currently trading under $3,920, the cryptocurrency faces resistance near $3,900, with major support at $3,820. A failure to recover could lead to further losses, potentially testing the $3,650 level.
Ethereum price has struggled to maintain levels above $4,000, currently trading below $3,920 and facing resistance near $3,900. A failure to break this resistance could lead to further declines, with major support levels at $3,820 and $3,780, while a move above $4,000 may push prices toward $4,120.
Bitcoin price has corrected after reaching a new all-time high of $108,297, trading above $105,000 and the 100 hourly Simple Moving Average. Key resistance levels are at $106,200 and $107,750, while major support is found at $105,000 and $103,750. A failure to surpass $106,200 could lead to further declines, with support near $102,200 and $100,500.
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