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Bitcoin has experienced a significant crash, dropping 15%, while altcoins have plummeted between 30% and 70%. This downturn is attributed to manipulation by major banks and institutions, with predictions of further declines ahead. Investors are advised to wait for Bitcoin to reach around the 85k range for a more favorable buying opportunity, as the market is expected to stabilize before the next upward movement.
MicroStrategy has appointed former Binance.US CEO Brian Brooks, along with Jane Dietze and Gregg Winiarski, to its board of directors, expanding the board to nine members. This announcement follows MicroStrategy's inclusion in the Nasdaq-100 Index, effective December 23. Brooks, who previously served as acting Comptroller of the Currency, is noted for his significant connections in the banking and crypto sectors.
MicroStrategy's Michael Saylor advocates for Bitcoin as a corporate treasury asset, increasing holdings to 439,000 BTC, despite criticism labeling the business model a "giant scam." Other companies like Marathon Digital and Genius Group are adopting similar strategies, while Microsoft remains skeptical. Shareholder proposals at Amazon push for Bitcoin's inclusion to combat inflation and enhance value.
Bitcoin has experienced significant volatility, recently hitting an all-time high before a 15% correction. A record $1.24 billion USDC inflow to spot exchanges indicates renewed interest, suggesting that whales may be positioning for a potential rebound. BTC's ability to hold above $92K is crucial, with a breakout above $100K needed to maintain bullish momentum; otherwise, a deeper correction could ensue.
Crypto analyst Dima James suggests that Dogecoin could rally to as high as $80 in the current market cycle, with a peak expected between February 11th and May 7th, 2025. He notes that year 4 has historically been significant for DOGE, predicting a strong performance due to increased adoption and technological advancements.Meanwhile, Trader Tardigrade indicates that Dogecoin may have found a local bottom, with signs of a potential bullish reversal as it trades around $0.33, up over 12% in the last 24 hours.
Dogecoin (DOGE) has experienced a decline, dropping to $0.26 after peaking at $0.48, but has recently risen above $0.30. The cryptocurrency is currently trading below moving average lines, indicating a bearish trend, with key resistance at $0.43 and support at $0.26. A break above the moving averages could signal a potential uptrend, while failure to maintain support may lead to further declines.
Virtuals (VIRTUAL), a tokenized AI project, has surged over 20,000% year-to-date and is experiencing significant whale activity, according to Santiment. Despite recent market corrections, high-net-worth investors are accumulating VIRTUAL and other altcoins like Usual (USUAL), Gnosis (GNO), Aave (AAVE), and Floki (FLOKI). Bitcoin's drop below $100,000 has sparked a "buy the dip" mentality, with discussions around this strategy reaching an eight-month high.
Hyperliquid is rapidly emerging as a leader in the decentralized exchange space, capturing over 50% of the decentralized futures trading market. Its unique Layer 1 blockchain, powered by the HyperBFT consensus algorithm, enables high-speed trading with up to 200,000 transactions per second. Analysts predict significant growth potential, with price forecasts ranging from $41.93 to $651.48, driven by its innovative technology and favorable market conditions.
SUI is experiencing a strong bullish comeback, approaching the critical $4.98 resistance level, which, if breached, could trigger significant upward momentum and new price highs. The token has risen above the 100-day Simple Moving Average, indicating a shift in market sentiment, while the Relative Strength Index shows strong buying pressure. However, failure to break this resistance may lead to consolidation or a pullback, suggesting potential seller control.
XRP's recent drop to $2 may signal the end of its bearish second wave, according to analyst TradinSides, who anticipates an upcoming bullish third wave driven by factors such as Ripple's RLUSD launch, Donald Trump's pro-crypto stance, and potential SEC regulatory changes. Egrag Crypto's analysis highlights that a close above $1.99 could mark a historic moment for XRP, with predictions of more stable growth compared to previous cycles. Currently, XRP is trading at approximately $2.36, reflecting a 4% increase in the last 24 hours.
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