Day: December 12, 2024

Chainlink And AAVE Surge After Trump’s Crypto Project Invests

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Este artículo también está disponible en español. US President-elect Donald Trump’s World Liberty Financial (WLF) has made a substantial multi-million-dollar investment in Ethereum (ETH), Aave (AAVE), and Chainlink (LINK), leading to sharp price increases in AAVE and LINK. According to on-chain analysis shared by Lookonchain via X and verified through Etherscan, the fund purchased approximately $10 million in ETH, $1 million in AAVE, and $1 million in LINK on December 11. These are the fund’s first recorded acquisitions of both AAVE and LINK, while overall purchases in the last 12…

Ethereum on Track for $5,000 as Network Activity Surges: Cryptoquant Report

Ethereum may be heading for a breakthrough above $5,000, with Cryptoquant analysts pointing to a mix of tightening supply, climbing demand, and lively network activity as driving factors. Will Ethereum Break $5K? Cryptoquant Highlights Key Indicators According to Cryptoquant‘s December 2024 analysis, ethereum (ETH) is riding a wave of favorable trends, fueled by data from […] Source CryptoX Portal

Why A Retest Of $0.48 Is More Important Than Anything

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Este artículo también está disponible en español. The Dogecoin price journey toward the coveted $1 mark has been a topic of interest for crypto enthusiasts and traders alike. Reaching $1 would solidify Dogecoin into a new psychological threshold and into new all-time high prices. However, there have been differing perspectives as to how and when this would happen. A technical analysis on the TradingView platform suggests that the Dogecoin price may encounter resistance at $0.48, experience a decline, and then resume its upward trajectory towards $1 and beyond. Dogecoin Price Could…

Texas House eyes Bitcoin reserve laws

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Texas House of Representatives introduced a Bitcoin reserve bill amid a torrent of crypto adoption chants emboldened by Donald Trump’s Nov. 6 political success. Republican State Representative Giovanni Capriglione submitted legislation for Texas to open a strategic Bitcoin (BTC) reserve that would hold the asset for at least five years. Capriglione’s proposal, filed live during an X Spaces on Dec. 12, argued for collecting donations, taxes, and fees in Bitcoin as a bulwark against U.S. and global inflation. The Texas Rep intends to win favor from fellow policymakers, finetuning the…

Texas Representative Proposes Strategic Bitcoin Reserve Act

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On Thursday, Dec. 12, Texas Representative Giovanni Capriglione introduced a bill to establish a bitcoin reserve as a financial asset within the state treasury, marking a significant step toward incorporating cryptocurrency into public financial management. Giovanni Capriglione Introduces Bill for State Bitcoin Reserve The legislation, titled the Texas Strategic Bitcoin Reserve Act, outlines the creation […] Original

Shiba Inu Bulls Aim Higher As SHIB Sights $0.00002960 For A Fresh Rally

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Shiba Inu (SHIB) is once again capturing attention as it approaches a pivotal price level, with the $0.00002960 resistance emerging as a defining hurdle for the bulls. After a period of steady gains, market participants are now focused on whether SHIB can muster enough strength to break past this critical threshold. A successful move above this level could ignite a fresh wave of bullish momentum, setting the stage for a potential rally. Will the bulls rise to the occasion, or will SHIB face renewed pressure? Analyzing SHIB’s Price Action: Is…

More stocks that are adopting MicroStrategy’s bitcoin yield strategy

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More and more bitcoin miners are starting to undertake a strategy harnessed by MicroStrategy , according to JPMorgan. MicroStrategy shares have been one of the hottest trades of the year as cryptocurrencies rallied to new highs and the victory of President-elect Donald Trump set off another wind as investors bet the new administration would adopt a more favorable stance toward digital assets. MSTR YTD mountain Shares this year The Michael Saylor-run software company has been widely known for snatching up the digital currency in recent years, with shares up more…

Exodus Movement reports more Bitcoin holdings, eyes NYSE uplisting

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Exodus Movement announced updated figures for its digital asset holdings and swap volume as Bitcoin surpassed the $100,000 milestone. According to a note sent to crypto. news, the company disclosed preliminary financial data for the fourth quarter of 2024, reflecting strong performance in its exchange services.  Exodus reported holding over 1,900 Bitcoin (BTC) and 2,660 Ethereum (ETH) as of December 11. This marks an increase of 100 Bitcoin in its treasury since the end of Q3 2024.  CFO James Gernetzke attributed this growth to revenues generated from the platform’s exchange…

XRP Technical Analysis: Price Maintains Balance in Consolidation, Eyeing Critical Breakouts

As of Dec. 12, 2024, the XRP/USD market reflects a steady consolidation phase across several timeframes, with bulls and bears locked in a tug-of-war at pivotal levels. XRP On Thursday, XRP’s daily chart paints a picture of an earlier uptrend tempered by recent consolidation. Prices climbed from $0.54 to a high near $2.91, encountering a […] Source CryptoX Portal

Dogecoin Whales Bought 210 million DOGE During Recent Correction – Bullish Signal?

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Este artículo también está disponible en español. Dogecoin has seen choppy price action over the past few weeks, reflecting the broader market’s indecision. After reaching a new yearly high of $0.484, the price retraced sharply, losing over 25% of its value. This pullback has left Dogecoin struggling to regain strength and find clear direction, creating uncertainty among retail investors. Related Reading Despite the retrace, on-chain data provides a promising signal for Dogecoin’s potential recovery. Metrics from Santiment reveal that Dogecoin whales took advantage of the recent dip, accumulating a staggering…