{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Tether’s USDT stablecoin has been officially recognized as an accepted virtual asset by the Abu Dhabi Global Market’s Financial Services Regulatory Authority, allowing licensed providers to offer related services. This approval, which includes USDT issued on various blockchains, enhances its status as the largest stablecoin, with a market cap exceeding $138 billion. However, concerns about financial stability and risk management standards persist, particularly given Tether's dominance in the sector, holding around 70% of the total market value.
Bitcoin's recent surge to an all-time high of $100,000 is igniting hopes for a sustained altcoin season, with analysts predicting a 'Santa Rally' for cryptocurrencies like XRP and Solana. Key drivers include Donald Trump's election victory, which is expected to ease regulatory pressures, and increased institutional adoption, particularly with the anticipated launch of more crypto ETFs. As Bitcoin's market dominance declines to under 54%, traders are increasingly shifting their focus to smaller altcoins.
Eric Trump predicts Bitcoin will reach $1 million, calling it a transformative global asset and a hedge against inflation and political instability. Speaking at the Bitcoin MENA event, he emphasized Bitcoin's scarcity and decentralized nature, comparing its adoption to that of email. Trump expressed confidence that early adopters will benefit as governments and banks adapt to this digital revolution.
Anton Tkachev, a Russian lawmaker, has proposed the establishment of a strategic Bitcoin reserve, urging the Finance Minister to evaluate its feasibility. He argues that Bitcoin could serve as a stable alternative to traditional currencies, which are vulnerable to sanctions and inflation, and highlights its growing importance in global trade.This initiative follows President Putin's endorsement of Bitcoin as an "unstoppable technology" and a potential global reserve asset, particularly in light of the financial challenges posed by Western sanctions. The proposal reflects a broader trend among nations exploring cryptocurrencies as viable reserve options.
Bitcoin and Ethereum have seen recent price declines, with Bitcoin trading at $97,300 and Ethereum at $3,750. In response, large holders, or whales, have begun accumulating these assets, potentially triggering retail FOMO as over $200 million in USDT entered centralized exchanges. Market movements may be influenced by upcoming macro events, including the U.S. Consumer Price Index and the FOMC meeting, which could lead to bullish momentum if positive signs emerge.
Bond markets are set to attract attention today as the U.S. Treasury conducts the first of three significant coupon auctions. This initiative aims to raise approximately $120 billion, highlighting the ongoing activity in the financial sector.
Russian lawmaker Anton Tkachev has proposed creating a national Bitcoin reserve to protect the country’s financial stability from sanctions and inflation. He argues that Bitcoin's decentralized nature makes it a viable alternative to traditional foreign currency reserves, highlighting its recent $100,000 milestone and the significant holdings of companies like MicroStrategy. This initiative aligns with Russia's broader strategy to diversify its financial systems and adapt to global economic pressures.
Bitcoin's price has dropped over 4% to around $97,000, following a recent all-time high of approximately $103,650. The decline is attributed to trader caution ahead of a key Microsoft shareholder vote on adding BTC to its treasury, alongside profit-taking by long-term holders and weakening technical indicators. Analysts suggest that if the bearish trend continues, Bitcoin could risk falling below $90,000.
The crypto market faced a significant downturn, with Bitcoin dropping below $97,000 after a brief rise above $100,000, triggering widespread selloffs among altcoins like XRP, Tron, and Cardano. XRP fell 12% from its recent high, while Tron and Cardano saw declines of 16.6% and 13.5%, respectively. Despite the volatility, experts suggest this phase may be a temporary consolidation before potential recovery as investors reassess their strategies.
Bitcoin remains stable near the $100,000 mark, absorbing selling pressure despite significant profit-taking. The cryptocurrency has struggled to establish this level as a firm support or resistance, yet strong demand is evident as prices consistently rebound after dips. Declining exchange reserves indicate long-term confidence, contrasting with short-term netflow surges back to exchanges.
Central Bank Actions
SubCategory
tether's usdt recognized as accepted virtual asset in abu dhabi
15:21 10.12.2024
crypto market poised for altcoin surge after bitcoin hits record high
15:15 10.12.2024
Eric Trump predicts Bitcoin will reach one million dollars in the future
MicroStrategy Inc
ARE
USA
Donald Trump
Cathie Wood
Michael J. Saylor
Paul Atkins
Eric Trump
Show more
13:36 10.12.2024
Russian lawmaker proposes strategic Bitcoin reserve amid financial challenges
Russian Ruble
United States Dollar
USA
POL
VEN
RUS
Donald Trump
Anton Siluanov
María Corina Machado
Sławomir Mentzen
Anton Tkachev
Ken Sim
Vladimir Putin
Show more
12:56 10.12.2024
whales accumulate bitcoin and ethereum as prices dip triggering retail interest
12:30 10.12.2024
bond markets under scrutiny as treasury auctions aim to raise 120 billion
12:14 10.12.2024
Russia considers national Bitcoin reserve to enhance financial stability and trade
MicroStrategy Inc
Hut 8 Corp.
CHN
USA
RUS
Donald Trump
Anton Siluanov
Cynthia Lummis
Changpeng Zhao
Anton Tkachev
Show more
12:13 10.12.2024
bitcoin price declines amid microsoft vote and profit-taking by holders
11:58 10.12.2024
crypto market experiences sharp downturn as bitcoin triggers widespread selloff
11:33 10.12.2024
bitcoin remains resilient near 100000 amid profit-taking and strong demand
11:18 10.12.2024
Trending
Subcategory:
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Global Financial Events
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
European Securities and Markets Authority
Government Policies
CEO Changes
Financial Scams and Security
Private Equity Deals
Government Economic Policies
Domestic Politics
Central Bank Actions
Global Trade Developments
Workplace Trends
Market Analysis and Predictions
Countries:
Companies:
Currencies:
People:
DEUTSCHE BANK AG
Barclays plc
Natwest
UBS AG
Berkshire Hathaway Inc.
MERCK KGaA
Lloyds Banking Group plc
Hsbc Holdings B.V.
HSBC Holdings plc
Rheinmetall AG
Banco Santander SA
Standard Chartered
Delivery Hero SE
Huawei Technologies CO. Ltd.
Wells Fargo & Company
ING Groep N.V.
Unicredit
adidas AG
Google Inc.
Dell Technologies Inc.
United States Dollar
Euro
British Pound Sterling
Indian Rupee
Swiss Franc
Hong Kong Dollar
Japanese Yen
South Korean Won
Chinese Yuan
Canadian Dollar
Saudi Riyal
Australian Dollar
Russian Ruble
South African Rand
Nicaraguan Córdoba
United Arab Emirates Dirham
Indonesian Rupiah
Qatari Riyal
Pakistani Rupee
Egyptian Pound
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.