{ }
Dogecoin (DOGE) has seen a 16% decline since its November high, with analysts suggesting its recovery is heavily dependent on Bitcoin's performance. Technical indicators show DOGE struggling below a key trend line, with a potential downside target of $0.32 if it fails to hold above that level. Despite the bearish outlook, a hidden bullish divergence on the daily chart offers a glimmer of hope, contingent on Bitcoin's imminent breakout from its current price compression.
Dogecoin (DOGE) has experienced a 16% decline since its November high, with analysts suggesting its recovery is heavily dependent on Bitcoin's performance. Technical indicators show DOGE struggling below a key trend line, with potential downside targets at $0.32 and $0.29-$0.26 if it fails to hold above $0.32. Despite the bearish outlook, a hidden bullish divergence on the daily chart offers a glimmer of hope, contingent on Bitcoin's imminent breakout from its current price compression.
CoinShares predicts a significant overhaul in U.S. crypto regulation under the Trump administration in 2025, favoring Bitcoin (BTC) while altcoins may outperform in the near term. The rise of Bitcoin-yielding companies and Ethereum's Layer 2 solutions are also expected to shape the market, with businesses increasingly adopting Bitcoin as a treasury asset to generate returns. As major companies begin accepting crypto payments, BTC is positioned as both a store of value and a source of passive income.
AMP, an Australian superannuation fund, has invested approximately $27 million in Bitcoin, marking it as the first major Australian fund to do so. This investment represents a conservative 0.05% of its $57 billion assets under management, acquired during Bitcoin's price rally following Donald Trump's electoral victory. Despite this move, other Australian superannuation funds remain hesitant to adopt Bitcoin, viewing it as too risky.
Bitcoin has dipped to $98,400 after briefly surpassing the $100,000 mark, with traders eyeing $93,000 as the next support level. Meanwhile, Tron has rallied 44% this week, bolstered by CEO Justin Sun's involvement in a DeFi project, while Rollblock ($RBLK) has attracted over $7 million in investments, promising a deflationary token model through on-chain transaction verification.
Bitcoin (BTC) surged over 4% to reclaim $100,000, driven by positive inflation data, while Ethereum (ETH) approached $4,000 with a 7% increase. Other cryptocurrencies like Solana (SOL) and Ripple (XRP) also saw significant gains, contributing to a nearly 6% rise in the overall crypto market cap to $3.65 trillion. Despite this recovery, US bankers remain cautious about the volatile crypto landscape, emphasizing the need for a clearer regulatory framework.
Gracy Chen, CEO of Bitget, highlights Bitcoin's growing appeal as a hedge against inflation and its increasing institutional acceptance, evidenced by significant ETF inflows and purchases by firms like MicroStrategy. She emphasizes the potential of projects like the TON blockchain and discusses Bitcoin's evolving role alongside gold, suggesting they may complement rather than replace each other. Chen also notes the surge in retail and institutional participation in crypto, driven by innovative platforms and the potential geopolitical implications of a U.S. national Bitcoin reserve proposal.
MicroStrategy, led by Michael Saylor, is focused on bridging traditional finance and the crypto economy through Bitcoin. This strategy emphasizes Bitcoin's role in integrating conventional financial systems with the digital currency landscape, reflecting a broader trend of financial innovation and the adoption of blockchain technology. As traditional institutions explore cryptocurrency integration, MicroStrategy's initiatives could significantly influence the future of finance.
MicroStrategy (MSTR) is set to join the Nasdaq 100 on December 23, with an announcement expected soon. This inclusion will position the software company, which has invested $25 billion in Bitcoin since 2020, among the top 100 stocks by market capitalization, potentially attracting significant institutional capital.The company currently holds nearly 425,000 BTC valued at over $42 billion, resulting in substantial unrealized profits. Analysts predict that MSTR could also be added to the S&P 500 by 2025, further enhancing its market presence.
Economist Jeremy Siegel predicts that BRICS nations may eventually replace US dollar reserves with Bitcoin, highlighting its potential as a global currency. Despite former President Trump's mixed messages on cryptocurrency and BRICS initiatives, Bitcoin's adoption is rising, with significant investments from firms like BlackRock and MicroStrategy. As Bitcoin's value fluctuates, countries moving away from the dollar face potential tariffs, complicating the landscape for BRICS and cryptocurrency.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.