Day: December 21, 2024

Bitcoin Drops Below $98K—Is This the Perfect Buying Opportunity for Investors?

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Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking debate among investors. Concerns have surfaced about whether this downturn signals the conclusion of the current bull cycle or merely represents a temporary setback. While short-term holders face losses, long-term metrics provide a broader perspective on Bitcoin’s trajectory, as analyzed by CryptoQuant’s Avocado Onchain in a recent report. Opportunity Or End of The Bull Cycle? According to Avocado Onchain, the realized price for investors who entered the market during Bitcoin’s recent peak at…

USDT operator Tether hints at AI plan in 2025

Tether, the company behind the $140 billion stablecoin USDT, is planning to expand into artificial intelligence by early 2025. Tether CEO Paolo Ardoino posted on X that the (USDT) issuer is targeting the first quarter of next year to launch its AI platform, marking a move to diversify its business focus beyond U.S. dollar-pegged stablecoins. Just got the draft of the site for Tether’s AI platform.Coming soon, targeting end Q1 2025. 🪿🤜🤛 (goosebumps) — Paolo Ardoino 🤖🍐 (@paoloardoino) December 20, 2024 USDT has been Tether’s primary revenue generator since its…

Is This The Bottom? Experts Weigh In On Bitcoin 13% Dip And Potential Recovery

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Why Crypto Market’s Dip Isn’t the End of the Bull Market?

Are the recent liquidations and falling prices setting the stage for a longer crypto winter, or could this be the breather before another bull run? Crypto market stumbles as year-end draws near As the year winds down, the crypto market seems to be taking a pause after a prolonged bullish run, with the global market cap shedding more than 6% to settle around $3.47 trillion as of Dec. 20.  Bitcoin (BTC) has slipped below the crucial $100,000 mark, trading at $96,680 as of this writing — a drop of nearly…

XRP Whales Loading Up – Data Reveals Buying Activity

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Este artículo también está disponible en español. XRP has faced a sharp downturn over the past few days, shedding over 23% of its value since Tuesday. This steep correction has mirrored the broader market’s turbulence, intensifying negative sentiment around XRP. However, notable developments are emerging beneath the surface of this bearish price action. Related Reading Key on-chain data from Santiment reveals that whales are taking advantage of the dip. In the last 24 hours alone, these large holders have accumulated an additional 110 million XRP, demonstrating significant confidence in the…

No Middleman, No Problem? What 2025 Holds for Decentralized Exchanges

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HodlX Guest Post  Submit Your Post   In 2024, DEXs (decentralized exchanges) snagged a greater portion of the crypto trading pie, demonstrating the future of finance is firmly headed toward decentralization. And Trump’s recent victory has only reinforced this trend, with Bitcoin’s price surging to nearly $91,000. As monthly DEX trading volume soared above $250 billion in March and June 2024 for the first time since 2021, it’s clear that traders are increasingly opting for the benefits of autonomy and transparency these platforms offer. Over the past 12 months, several DEX…

BRICS Approaching G20-Level Influence, Says Brazil’s Minister

BRICS is gaining global traction, with plans for major 2025 meetings under Brazil’s leadership and a vision to rival G20 prominence while championing collaboration. BRICS Rising: Is It Set to Eclipse the G20 in 2025? Brazilian Foreign Minister Mauro Vieira has highlighted the growing influence of BRICS, stating that the group is approaching the stature […] Source CryptoX Portal

Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50%

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Este artículo también está disponible en español. Recent technical analysis has revealed that the XRP price is consolidating after breaking key resistance levels to new highs. A crypto analyst has warned of an impending XRP price crash, urging investors not to get distracted as the RSI is still significantly above 50%. Discussing his predictions through short and long-term XRP price charts, the analyst shows that the cryptocurrency is firmly positioned in a bullish trend despite impending corrections.  XRP Price RSI Hints At Potential Crash On the 4-hour XRP chart, a…

Bitcoin Realized Losses Spike 3 Times The Weekly Average – Healthy Correction Or Downturn?

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Este artículo también está disponible en español. Bitcoin has faced its first major correction since early November, dropping 13% from its all-time high of $108,364. This sudden pullback has sent shockwaves across the crypto market, shifting sentiment from extreme bullishness to uncertainty and even fear. The sell-off has been particularly brutal for altcoins, many of which are bleeding hard as Bitcoin struggles to regain momentum. Related Reading Key metrics from CryptoQuant highlight the gravity of the situation, with realized losses totaling $28.9 million—an alarming 3.2 times higher than the weekly…

Video-Sharing Firm Rumble Secures $775 Million Investment From Tether to Drive Growth

Rumble, the video-sharing platform and cloud services provider has just inked a $775 million deal with Tether, the heavyweight of stablecoins. This blockbuster investment signals a partnership between two giants, both devoted to championing decentralization and the freedom of speech. Rumble Gains $775 Million Backing from Tether As revealed in a statement shared with Cryptox.trade […] Source CryptoX Portal