Day: December 19, 2024

Here’s Where The Nearest On-Chain Support Is

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Este artículo también está disponible en español. Bitcoin has observed a plunge during the past day. Here’s the nearest on-chain level that the asset would end up retesting if the drawdown elongates. 1 Week To 1 Month Bitcoin Holders Have Their Realized Price At $97,900 As pointed out by CryptoQuant author Axel Adler Jr in a new post on X, the Realized Price of the 1-week to 1-month-old BTC investors is the closest support for the asset right now. Related Reading The “Realized Price” here refers to an on-chain indicator that,…

This Analyst Predicted The Dogecoin Price Crash 2 Days Ago, Full Prediction Shows A Further 30% Decline

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Este artículo también está disponible en español. Two days ago, a crypto analyst accurately forecasted a Dogecoin price crash, which has since taken place. According to the analyst’s latest projections, Dogecoin is poised for a steeper decline, with an anticipated 30% crash from its current trading price.  Analyst Forecasts 30% Price Crash  The Dogecoin price has crashed to $0.35, marking a substantial 14% decrease over the past seven days. Earlier this month, Dogecoin was trading above $0.4 after experiencing a sharp rise driven by the positive market sentiment fueled by…

Congress discussing bill to allow Fed to hold Bitcoin: Lummis

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Speaking in an interview with Yahoo Finance, Senator Cynthia Lummis outlined a plan to authorize the Federal Reserve to purchase and hold Bitcoin, integrating it as a key asset in the country’s financial strategy. Federal Reserve Chairman Jerome Powell stated in his recent FOMC meeting that the institution currently lacks the legal authority to own Bitcoin (BTC). Lummis aims to change that through new legislation. “I want to give it to them,” she told Yahoo Finance. Her proposal envisions the U.S. government purchasing 200,000 Bitcoin annually over five years — totaling…

Cryptocurrency Market Downturn: What’s Behind the Drop?

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On December 19, 2024, the cryptocurrency market faced a sharp and sudden downturn, with major digital assets experiencing significant losses. Investors were left scrambling as market leaders like Bitcoin (BTC) and Ethereum (ETH) saw dramatic price declines. This recent cryptocurrency market downturn has reignited concerns about the volatility of digital assets and their future trajectory. Bitcoin and Ethereum Take the Lead in Losses Bitcoin (BTC), the largest cryptocurrency by market capitalization, fell 4.6%, slipping below the $100,000 mark to $98,877. Ethereum (ETH), the second-largest cryptocurrency, faced even steeper losses, plunging…

Ohio introduces second Bitcoin reserve bill

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The State of Ohio has introduced a second Bitcoin reserve bill as crypto legislation gains momentum across the U.S. ahead of Donald Trump’s inauguration. Ohio House GOP Majority Whip Steve Demetriou proposed legislation to allow the state to manage a strategic Bitcoin (BTC) reserve, Satoshi Act Fund founder Dennis Porter shared on Dec. 19 during an X Spaces event. Demetriou’s bill follows a similar proposal from Representative Derek Merrin, which would also position Ohio as a Bitcoin reserve holder. Speaking on X Spaces, Demetriou explained that his legislation would enable…

Is A SHIB Price Crash Coming?

Este artículo también está disponible en español. A significant Shiba Inu (SHIB) transfer has caught the attention of traders today, December 19, as an early and highly profitable SHIB whale moved nearly 400 billion tokens. On-chain analysis service Spot On Chain (@spotonchain) highlighted that this well-known early buyer deposited 399.99B SHIB (worth $9.69 million) to Gemini, building on a history of substantial gains after initially acquiring 15.2 trillion SHIB in August 2020 for a mere 10 ETH. Spot On Chain wrote via X: “This early $SHIB whale with a $108M…

Don’t wait for Bitcoin to hit $150k — these 3 altcoins could turn $100 into $10k in q1 2025

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin hits $100K, sparking altcoin interest as tokens like XYZVerse attract investors with exponential growth potential. As Bitcoin soars beyond $100,000, investors are eyeing altcoins that could offer even greater returns. The crypto market’s bullish momentum has ignited interest in lesser-known tokens with the potential for exponential growth. Seizing the opportunity with these emerging cryptocurrencies might turn a small investment into substantial profits as the altcoin season gains intensity. …

Dogecoin Sights Rebound As RSI Hits Oversold Levels Near $0.3563

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Dogecoin is approaching a critical juncture as it hovers near the $0.3563 mark, with the Relative Strength Index (RSI), signaling oversold conditions. This suggests that the recent sell-off may have pushed the asset into undervalued territory, raising the possibility of a rebound. However, whether the bulls can seize this opportunity to drive a recovery remains uncertain. With the market showing signs of fatigue, $0.3563 emerges as a pivotal level to watch. How the price reacts in the coming sessions could set the tone for Dogecoin’s next significant move. Understanding Current…