{ }
The crypto market faced volatility as Ethereum dipped below $3,735 and XRP fell 10% to $2.20, driven by profit-taking and regulatory uncertainty. Despite these declines, increased trading volumes suggest potential buying opportunities, particularly for XRP, which has strong institutional backing and utility in cross-border payments.Ethereum's recent drop follows record ETF inflows, raising concerns about short-term sustainability. Key support levels for both assets are critical, with Ethereum needing to reclaim $3,800 and XRP aiming for $2.32 to regain bullish momentum.
Solana experienced a significant downturn on December 10, with long liquidations reaching $57 million, marking the highest in over five months. The price fell 5.39% to $217, briefly dropping its market cap below $100 billion. A rounded top pattern indicates bearish trends, and if SOL fails to hold the $215 support, further declines below $200 could trigger additional long liquidations.
Ethereum's price struggles to maintain the $4,000 mark, facing profit-taking and investor hesitation. Despite this, whale addresses have accumulated 400,000 ETH worth over $1.5 billion, indicating confidence in long-term growth. The price dropped to $3,761, with $3,721 as a crucial support level; failure to hold this could lead to further declines.
Billionaire investor Ray Dalio warns of an impending global debt crisis, advocating for investments in hard assets like Bitcoin and gold while steering clear of debt assets. He emphasizes the unsustainable levels of indebtedness in major economies and suggests allocating up to 2% of portfolios to Bitcoin as a hedge against inflation. Meanwhile, gold advocate Peter Schiff criticizes the idea of a U.S. Bitcoin reserve, urging the Biden administration to sell the government's Bitcoin holdings to alleviate the budget deficit.
Oracle shares fell over 7% after missing earnings expectations and providing a weak outlook, impacting market sentiment, though analysts remain optimistic about the stock's long-term potential due to ongoing demand for data centers. Comcast anticipates losing 100,000 broadband customers in Q4, with Bank of America suggesting the recent 9.5% stock drop was excessive, while concerns about value creation arise from the planned separation of its businesses. Citi has raised its Broadcom price target to $205, despite expectations of muted guidance, leading to speculation that upcoming earnings may disappoint.
Ethereum's trading volume has surged as the price hovers near $4,000, reflecting increased interest from both retail and institutional investors, particularly through ETF inflows. Technical analysis indicates an ascending price pattern, with active wallet addresses rising and accumulation occurring at current levels. Recent data shows a 62% yearly price increase, with potential targets identified at $6,000, $7,400, and $11,400 based on Fibonacci extensions.
Bitcoin's market cap has dropped to $1.930 trillion after a significant decline, falling to around $94,000 before recovering slightly to over $97,000. The total crypto market cap plummeted by $300 billion, with many altcoins suffering even greater losses, including BRETT and WIF, which fell by 14% and 13%, respectively. Over-leveraged traders faced severe repercussions, with liquidated positions reaching $1.6 billion.
A cryptocurrency trader achieved a remarkable $7.99 million profit by investing $450,000 in Solana ($SOL) to acquire 6.16 million $PNUT tokens, which were later deposited to Binance. This strategic move, reflecting a 1,772% return, highlights the potential for significant gains in the current bullish momentum of $SOL, which is nearing a critical resistance level at $247. Analysts suggest that a sustained break above this level could lead to a major price discovery phase, further attracting investor interest.
Marshall Wace, a prominent London hedge fund with $69 billion in assets, has opened a new office in Abu Dhabi, joining the trend of global investment firms expanding in the UAE capital. The office will initially employ around six staff members, with plans to potentially relocate a partner to the city.
Grifols SA has appointed Pascal Ravery, a former executive at Goldman Sachs and JPMorgan, and Paul S. Herendeen, an executive with experience in health firms, to its board amid pressure from small shareholders led by Mason Capital Management. This move comes as the company deals with the fallout from a recent short-seller attack.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

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.