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Cryptography News
Bitcoinmagazine
2w
21
Exploring Six On-Chain Indicators to Understand the Bitcoin Market Cycle
- The Terminal Price metric suggests that Bitcoin may rise toward $200,000 as the cycle progresses.
- The Puell Multiple has climbed above 1, signaling the later stages of a bull cycle.
- Bitcoin's MVRV Z-Score suggests that the market is far from reaching a euphoric top.
- Recent data shows a healthy consolidation period after Bitcoin's rapid climb from $50,000 to $100,000.
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Zycrypto
2w
317
Image Credit: Zycrypto
Solana’s $400 Surge in Sight as Top Analyst Highlights Key Catalyst
- Solana (SOL), the sixth-largest crypto, shows lackluster performance and revisits critical support level.
- Analyst MartyParty identifies a price pattern signaling potential for a strong upward rally, with a price target of $345.
- Analyst Ridger R suggests Solana has completed its downward wave, anticipates a breakout from a bull flag pattern.
- Solana's growing adoption, expanding ecosystem, and developer growth contribute to its positive outlook.
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Coinjournal
2w
108
Image Credit: Coinjournal
Injective and Sonic partner to build first cross-chain AI agent hub
- Injective and Sonic have partnered to build the first cross-chain AI agent hub.
- The AI agent hub will leverage Sonic's HyperGrid technology and the Inter-Blockchain Communication Protocol (IBC).
- Developers will have the tools to create, deploy, and monetize AI agents across the decentralized ecosystem.
- The partnership aims to enhance the reach of AI agents through various distribution channels and platforms.
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Cryptoslate
2w
160
Image Credit: Cryptoslate
Bitcoin and Ethereum take a hit as $1.2 billion in crypto liquidated
- The crypto market faced a sharp downturn, with Bitcoin and Ethereum dropping around 10% in the past 24 hours.
- Bitcoin hit a low of $93,000, its lowest level since mid-November.
- Ethereum fell by almost 15%, reaching $3,100, its weakest position since late November.
- The sell-off was attributed to the Federal Reserve's tightened stance on monetary policy and lack of support for a proposed government Bitcoin reserve strategy.
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Cryptoticker
2w
339
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Ethereum Price Crash amid ETF Developments – What’s Happening?
- The U.S. SEC has approved the first-ever spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton.
- These ETFs will hold spot Bitcoin and Ethereum based on market capitalization, with an approximate 80/20 split favoring Bitcoin.
- Historically, ETF approvals have driven positive sentiment in the crypto market.
- However, the current macroeconomic environment could limit Ethereum’s price recovery.
- Open interest for Ethereum futures hit a new all-time high of $28.70 billion on December 17.
- However, the long/short ratio dropped to 0.9, indicating that more traders are betting on a decline in ETH prices.
- Ethereum’s market structure still shows signs of higher highs (HHs) and higher lows (HLs).
- Ethereum’s price recently plunged from a high of $4,109 to a low of $3,260, marking a sharp 20% decline.
- The decline was triggered by increased market pressure following guidance from the U.S. Federal Reserve.
- Since 2021, the $4,000 resistance has been tested five times but remains a strong resistance point.
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Coinjournal
2w
243
Image Credit: Coinjournal
Crypto custody firm Copper withdraws UK registration
- Copper Technologies Ltd., a crypto custody firm based in the UK, has withdrawn its application for registration with the Financial Conduct Authority (FCA).
- The company has decided to focus on building its business with new hubs globally, led by its new CEO, Amar Kuchinad.
- Copper has obtained licenses or regulatory approvals in other countries, including Switzerland, Hong Kong, and Abu Dhabi.
- The FCA reported that most of the applications for licensing by crypto firms did not meet regulatory standards, resulting in rejection or withdrawal.
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Coindoo
2w
165
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Bybit One-Click Buy Offers a Winning Chance in FIrst-Time Deposits Lucky Draws
- Bybit, the second-largest cryptocurrency exchange, is offering generous rewards in a campaign for newcomers.
- First-time depositors have a chance to win USDT and BTC through select payment gateways.
- The event runs until January 16, 2025, and rewards are distributed on a first-come, first-serve basis.
- Bybit aims to simplify crypto trading and increase accessibility to digital assets for retail users.
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Cryptoslate
2w
100
Image Credit: Cryptoslate
US Bitcoin ETFs face largest outflow since launch breaking 15-day streak
- US spot Bitcoin and Ethereum ETFs experienced significant outflows on Dec. 19, breaking a 15-day streak of investor inflows.
- Bitcoin ETFs saw their largest single-day outflows since their launch in January, with investors withdrawing $671.9 million. Fidelity's FBTC led the sell-off with $208 million in outflows.
- Ethereum ETFs also witnessed outflows totaling $60.47 million and ended an 18-day streak of inflows. Grayscale's ETHE suffered the biggest loss, losing $58.13 million.
- Despite the outflows, WisdomTree's BTCW recorded modest inflows of $2 million.
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Financemagnates
2w
95
Image Credit: Financemagnates
Crypto.com Renews Partnership with Formula 1 Until 2030: BTC Trades Below $100K
- Crypto.com has extended its partnership with Formula 1 through 2030.
- The cryptocurrency market remains volatile, with Bitcoin's price dropping below $100K.
- Formula 1 has achieved significant growth, reaching a cumulative TV audience of 1.5 billion.
- Crypto.com will continue to be the Official Title Partner of the Miami Grand Prix.
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Cryptoslate
2w
30
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Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%
- Bitcoin has retraced around 13% over the past 48 hours from an all-time high of $108,600 to $94,700.
- Historical charts show a climb followed by a brief reversal approximately 250 days after the May 2020 halving.
- Following the retracement, Bitcoin increased by 140% over the next 290 days.
- Market participants are monitoring liquidity flows and network activity to interpret bullish signals.
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NullTX
2w
204
Image Credit: NullTX
Cardano Price Prediction: Can ADA Mark New ATH as JetBolt Whale Activity Rises
- Cardano (ADA) surges 32.1% this month and market watchers speculate if it can mark a new all-time high (ATH). The release of Hydra, a scalability enhancement, strengthens Cardano's position in altcoin discussions.
- JetBolt (JBOLT), with its zero-gas technology and user-focused platform, gains significant attention as its presale reaches over 200 million in token sales. It has become one of the most talked-about altcoins recently.
- The future of ADA's ATH remains uncertain despite its impressive 79.5% year-to-date gain. Increased whale activity on the Cardano network reflects promise and challenges for ADA.
- JetBolt's zero-gas technology and user-centric features disrupt the altcoin market and attract attention from crypto whales. Its presale success indicates growing confidence.
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Cryptoslate
2w
204
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El Salvador defies IMF, ramps up Bitcoin strategy with latest purchase of $1M BTC
- El Salvador's National Bitcoin Office announced the purchase of 11 BTC for about $1 million.
- El Salvador now holds a total of 5,980.77 BTC, valued at around $585.8 million.
- Despite IMF-imposed conditions, El Salvador plans to increase its Bitcoin purchases.
- Bitcoin remains legal tender in the country, with plans to expand Bitcoin-related programs and initiatives.
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Cryptoticker
2w
134
Image Credit: Cryptoticker
Cardano Price Crash – Will ADA Drop Below $0.50?
- Cardano (ADA) has experienced price volatility with uncertainty around maintaining its value above $0.87.
- Factors contributing to the recent price drop include the Federal Reserve's interest rate decision and cautious investor sentiment.
- The possibility of ADA dropping below $0.50 depends on internal demand and external macroeconomic conditions.
- ADA's ability to find support, attract investor interest, and leverage positive developments will determine its price stability.
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Zycrypto
2w
34
Image Credit: Zycrypto
DEBO Vs. Dogwhifat Vs. BONK – Which Will Skyrocket?
- Meme coins, like DEBO, Bonk, and Dogwhifat, have emerged as serious contenders in the crypto space, boasting unique qualities that can offer massive gains.
- DexBoss (DEBO) stands out as an exceptional meme coin that combines meme culture humor with serious decentralized finance (DeFi), and its native token powers an array of tools such as liquidity farming, staking rewards, and high-leverage trading.
- Aureal One (DLUME) stands out as an innovative crypto presale featuring blockchain gaming and the metaverse at its core, making it one of the top coins to invest in now.
- yPredict (YPRED) provides an exciting combination of meme culture and artificial intelligence; the native token powers an AI-powered platform providing cryptocurrency trading signals, market sentiment analysis, and predictive insights.
- Dogwifhat (WIF), built on the Solana blockchain, recently experienced a noticeable surge in value, showing increasing interest among investors in meme coins that take advantage of high-performance blockchains to provide greater scalability and efficiency.
- Bonk is the world’s first dog-themed cryptocurrency with an active and supportive community that aims to embody internet memes, jokes, and satire.
- As another memecoin bull run is set to begin, these 5 memecoins stand out with their innovation, community focus, and growth potential.
- DexBoss or DEBO stands out as an exceptional coin due to its unmatched features and vibrant ecosystem – it promises enormous gains regardless of experience or expertise in crypto.
- Investors should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice.
- Trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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Cryptopotato
2w
134
Image Credit: Cryptopotato
The Ambition of MEET48’s AI-UGC Ecosystem: MEET48 Announced to Launch Mars Protocol of Entertainment AI-Agent
- MEET48 idol group aims to redefine fan engagement through digital platforms and decentralized ecosystems.
- MEET48 announced the Beta testing of its Mars Protocol, a new platform within the BNB Chain ecosystem.
- MEET48.ai will launch with over 250 AI idol agents, enabling content creators to design and deploy their own idols.
- MEET48 leverages Web3 technologies to enable decentralized fan participation and collaboration.
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