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Dogecoin (DOGE) has plummeted 25% in two days, raising concerns it may fall below $0.20 amid a broader crypto market correction. Analysts highlight a key support level at $0.22076, while predictions suggest a potential rebound, with forecasts of reaching $1.21 by March 2025.
The current Chairman of the Swiss National Bank (SNB), Martin Schlegel, expressed a preference for nationalizing Credit Suisse rather than selling it to UBS, contrasting with the views of his predecessor Thomas Jordan and Finance Minister Karin Keller-Sutter. This disagreement was revealed by a parliamentary commission of inquiry. Schlegel has held the SNB presidency since October 2024.
Bitstamp forecasts that XRP could achieve a historic milestone by 2025, with price projections ranging from $5 to $20, potentially surpassing its 2018 all-time high of $3.84. This optimism coincides with the conclusion of Ripple's legal battles and growing adoption, as evidenced by over 720,000 new addresses created in 2024. Despite some analysts cautioning against unrealistic expectations, XRP's market cap has surpassed $132.6 billion, solidifying its position in the crypto landscape.
Ethereum has struggled to break the critical $4K resistance level, resulting in a 15% weekly decline. Currently, it has found support around $3K, leading to a consolidation phase within the $3.5K–$4K range, with potential for a bullish attempt to retest the resistance if this support holds. The recent market dynamics, including significant liquidations and a cooling of funding rates, suggest a possible setup for a sustainable rally in the coming weeks.
Bitcoin's price has recently struggled to maintain the $100K level, dropping to around $92,000, raising concerns of a potential deeper correction towards $90K and possibly $80K. Despite a recent uptrend in active addresses, which indicates network activity, it has not yet reached all-time highs, suggesting a possible lengthy correction if this trend does not continue. The market's momentum has shifted to bearish, with the RSI below 50%, indicating further volatility ahead.
Ethereum's price has surged 10% to $3,422, driven by increased institutional interest and large transactions reaching $11 billion. On-chain data indicates a bullish sentiment, with potential for the price to break above $4,000, possibly hitting $4,500 if market conditions remain favorable. However, failure to surpass resistance could see a decline to $3,178.
U.S. stock markets experienced a bearish trend in the pre-holiday week, with the S&P 500 suffering its worst performance in over a month, dropping 2.3%. The decline was influenced by remarks from Fed chair Jerome Powell, impacting major indices across the board.
Solana (SOL) has seen its price plummet from $263 to $183 amid a market downturn triggered by the Federal Reserve's cautious outlook and interest rate cuts. Despite this decline, technical indicators suggest a potential rebound, with signs of upward momentum and a bullish MACD crossover. Investors are closely monitoring whether SOL can regain its footing above the critical $200 support level as market conditions evolve.
Bitcoin experienced significant volatility recently, reaching an all-time high before dropping to $92,000 following a US Federal Reserve rate cut. Currently priced around $97,000, the cryptocurrency shows signs of recovery, driven by a notable decline in Over-The-Counter desk inventories, indicating rising demand and potential for price appreciation.
Ki Young Ju, founder of CryptoQuant, proposes that the U.S. could strategically accumulate 1 million Bitcoin (BTC) to offset a significant portion of its debt, potentially clearing 70% of domestically held liabilities by 2050. He emphasizes the need for Bitcoin to gain market acceptance and stability to be considered a viable reserve asset, akin to gold. Despite skepticism from some financial leaders, Ju believes that establishing a Strategic Bitcoin Reserve could enhance Bitcoin's credibility and role in global finance.
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