Bitcoin slipped 12% from its all-time high of $108,353, erasing gains from the second week of December. As Christmas nears, crypto traders ponder whether the market will see a “Santa Claus” rally this year. A CoinGecko report states that eight of ten times between 2014 and 2023, crypto markets rallied around the Christmas holidays. Bitcoin’s recent price decline has quashed hopes of a Santa rally this year, and declining institutional investment inflow has dampened the sentiment further. Will crypto markets see a Santa rally in 2024? A “Santa Claus” rally…
Day: December 24, 2024
Bitcoin Supply Reaches 19.8 Million Mark, Nearing Maximum Limit
Data reveals that Bitcoin’s total circulating supply has surpassed the 19.8 million mark, a notable milestone as the cryptocurrency edges closer to its maximum supply cap of 21 million. 19.8 Million Bitcoin Mined, Less Than 1.2 Million Left Bitcoin’s supply mechanism has always been one of its defining features, with its capped issuance ensuring scarcity. […] Original
XRP Whales Keep Buying – Data Reveals Smart Money Prepares For A Rally
Este artículo también está disponible en español. XRP has been range-bound in recent days, consolidating after successfully holding strong above the critical $2.10 support level. As one of the standout performers this cycle, XRP experienced a massive surge following the US election, capturing investor attention. However, recent price action has introduced uncertainty, leaving some investors concerned about the possibility of further downside. Related Reading Despite these fears, on-chain data suggests a different narrative. Insights from Santiment reveal that whales have accumulated another 40 million XRP in the past 24 hours.…
What does regulation look like around the world?
Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global economy adapts to this digital innovation, countries take different cryptocurrency regulation and taxation approaches. How do cryptocurrency tax policies work around the world? Which countries require you to pay taxes on cryptocurrencies? In the United States, it is simply impossible not to pay taxes — the authorities are very strict…
Can Dogecoin Hit $4? Expert Sets Prediction For Breakout Timing
Analysts and investors alike have Dogecoin under the lens, particularly in light of recent forecasts indicating a possible price spike. Market analyst Javier Santini has made headlines with his forecast that Dogecoin could hit $4 within a week after an ongoing correction phase. Analyst’s Take Javier Santini, founder of Elemento Cripto, bases his prediction on how prices have changed since Dogecoin’s start in 2017. He says that drops below all-time highs are likely to last for a month or more before the coin starts to rise again. Every mid cool-off…
Upcoming ERC-20 token listing predicted to deliver 550% gains in January, mirroring XRP’s surge
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple seems set for another boost during the New Year’s surge as DTX Exchange makes its investors happy with a 550% upside potential in 2025. The anticipation in the cryptocurrency market toward the New Year is rising. Ripple’s XRP price has recovered its upward trend as it reduced its fall over the past week to single digits. Many indicators hint at another dramatic rise soon. With the crypto markets…
Microstrategy’s Bitcoin Yield Hits 3,177 BTC Last Week—Saylor Calls It a $300M ‘Gift to Shareholders’
Microstrategy’s treasury operations secured 3,177 bitcoins last week—worth $299 million—intensifying its aggressive BTC acquisition push and reinforcing its position as the largest corporate bitcoin holder. Microstrategy’s Treasury Move Nets $299M in BTC Last Week Michael Saylor, Executive Chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), highlighted the company’s bitcoin investment performance in a post on […] Original
4 altcoins that will ride Bitcoin’s next surge and turn $500 into $5000 with a 10x rally
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance leads the charge in real-world asset tokenization, alongside Shiba Inu, Binance Coin, and Tron, as altcoins poised for exponential growth in the next Bitcoin rally. As the next potential Bitcoin rally draws closer, several altcoins display massive potential for exponential growth. Rexas Finance is unique for its tokenization of real-world assets (RWAs), a novel paradigm set to reshape the investment space. Rexas Finance: The future of tokenized…
Wave 2 And 5 Targets Put XRP At $7 And $13
Este artículo también está disponible en español. A crypto analyst has set an ambitious target between $7 and $13 for the XRP price, basing his predictions on the Elliott Wave theory and Fibonacci levels. According to the analyst’s price chart, Wave 2 and 5 could push XRP to these key targets, marking new all-time highs for the cryptocurrency. XRP Price Roadmap To New ATHs The XRP price has been on a rather lengthy consolidation trend, halting its previous price momentum after hitting the $2.5 mark. Despite facing bearish trends and…
Nearly 30% of crypto trends focused on meme coins in 2024, survey shows
2024 has seen a dramatic surge in interest in meme coins, with almost a third of investor interest focused on speculative tokens rather than fundamental projects. In 2024, one narrative appeared to dominate the crypto space more than any other: meme coins. These tokens, often deemed as dumb coins made for jokes or community-driven projects, have captured more than 30% of global investor interest, according to the latest survey conducted by crypto price aggregator CoinGecko. Top crypto trends in 2024 | Source: CoinGecko In total, the meme coin narrative claimed…