Cryptocurrency

The Dogecoin’s founder’s statement that “bitcoin ate some fast food” might playfully imply that the leading cryptocurrency experienced a quick dip, much like indulging in fast food.His comment comes amid a broader market sell-off that has seen significant liquidations across various digital assets.At the time of writing, the overall crypto market capitalization was down 6.28% in the last 24 hours to $3.35 trillion, per CoinMarketCap. Bitcoin was down 5.61% in the last 24 hours to $95,607. Most other major cryptocurrencies slid as well, with Ethereum down 8.3% and Dogecoin off almost 12%.Bitcoin reached a high of $102,735 on Monday for the first time since Dec. 19, but its return above $100,000 was short-lived. On Tuesday, Bitcoin fell the lowest in more than two weeks, reaching a low of $96,105, joining a sell-off in U.S. stocks as fresh economic data drove Treasury yields surging.A better-than-expected Institute for Supply Management report on U.S. service providers contained a price-paid measure that reached its highest level since early 2023, while other data showed that U.S. job openings surged more than predicted.Bitcoin continued its losses on Wednesday, reaching an intraday low of $95,222 at the time of writing, dropping below the daily SMA 50 at $97,689, where it traded in late December before beginning to rebound at the start of 2025.On the macroeconomic front, investors are awaiting labor market data scheduled for Wednesday, as well as the minutes from the Federal Reserve’s December meeting.This article was originally published on U.Today More

The financial commentator argues that once the U.S. government fails to buy Bitcoin, these investors will engage in massive sales of their holdings. Such a scenario would result in the market being flooded with the coin and a corresponding price decline.Schiff predicts that such an occurrence could compel MicroStrategy to accelerate its leveraged position in the asset. Michael Saylor, executive chairman of the business intelligence firm, has invested heavily in BTC using company funds, usually through leveraged trading. Therefore, he might continue to borrow to support large purchases to prevent a market and price crash.However, Schiff predicts that the BTC price will only stabilize temporarily despite this strategy, as it is highly unsustainable. He warns that it could lead to a more massive crash in the long term, possibly starting with MicroStrategy’s stock (MSTR).He insists that MSTR will crash first due to its heavy reliance on Bitcoin. Once that trigger is pulled, Bitcoin will naturally follow as the broader market reacts.As of this writing, the BTC price was exchanging hands at $95,715, representing a 5.55% decline in the last 24 hours. The asset had soared to a high of $101,455.86 in Tuesday’s trading session before being hit by market volatility.This article was originally published on U.Today More

This moment in 2009 introduced the world to a system that would forever change perceptions of money. Nakamoto detailed a methodical and finite issuance process, ensuring that Bitcoin’s total supply would never exceed 21 million. The coins will be distributed to network participants as rewards for validating transactions, with the issuance halving every four years. This carefully planned progression — 10.5 million coins in the first four years, halving to 5.25 million in the next and so on — was designed to taper off until the final Bitcoin is mined sometime around 2140.Back then, Bitcoin had no price. It existed only as an idea, a digital experiment discussed among a small group of enthusiasts. Fast forward to today, and the concept has evolved into a global asset valued at nearly $2 trillion. Among Bitcoin’s most compelling traits is this very supply cap — unchanging and immutable — making it an outlier in a world of unlimited fiat currency printing.Yet, the theoretical supply and the actual circulating amount diverge. Satoshi Nakamoto, who disappeared years ago, is believed to have mined around one million Bitcoin in the early days. These coins have never been moved and are considered lost to time.Similarly, countless other early coins remain inaccessible in forgotten wallets or due to lost keys. While the ledger records approximately 19.8 million BTC in circulation today, the functional supply is almost certainly lower.This article was originally published on U.Today More

Needless to say, the last few days have been rough for BTC enthusiasts, as the price once again lost its six-figure valuation, and amid the worst stock market drop since September, crashed to as low as $94,500, losing over 6.5% in just three recent days. We are talking about one of the largest assets in the world, with a market capitalization of nearly $2 trillion. In his latest outlook, Brandt talked about how price charts are always changing. He mentioned that patterns shift depending on the time frame, whether intraday, daily or monthly. The main trend for Bitcoin is still up, but Brandt said that the current daily charts are showing a possible head-and-shoulders pattern. If that happens, it could lead to more price drops, maybe even down to $73,000.But, as with any technical analysis, there is a lot of uncertainty. While chart patterns can spot potential market opportunities, they are not always right. So, while there is a chance that the current pattern could change into something else, which might keep the price from going down too much, there is also a chance that it could keep going down.As can be seen on a chart Brandt attached to the post, Bitcoin’s price action is really in a bit of a conundrum right now. On the one hand, a confirmation of the head-and-shoulders pattern could lead to a further drop to as low as $73,000 per BTC. On the other hand, the chart of Bitcoin to Purchasing Power of the Consumer Dollar in US City Average (CUUR0000SA0R) reflects the upward trajectory for the leading cryptocurrency. Bitcoin outperforming this measure signals a divergence between its value trajectory and the eroding purchasing power of the dollar.This article was originally published on U.Today More

aiPump, a no-code platform for the creation and deployment of AI Agents in the blockchain space, has been listed on KuCoin as the exchange’s first AI token listing of 2025. This development positions AIPUMP as a competitor to VIRTUALS on the Solana blockchain, highlighting its innovative approach to tokenized AI technologies.aiPump offers a comprehensive platform enabling users to design and deploy AI-driven agents for various decentralized applications, from social media engagement to economic management in Web3 environments.Key Features of aiPump’s AI Agent PlatformaiPump provides a user-friendly, no-code platform designed for both technical and non-technical users. With a drag-and-drop interface, users can:aiPump’s AI agents can operate across multiple platforms, including:The platform’s “Proof of Consciousness” feature provides users with visibility into the decision-making processes of their AI agents, enhancing transparency and user confidence in AI behavior.Comprehensive Component LibraryaiPump includes a component library enabling users to:Users can personalize AI agents in the following ways:AI agents on aiPump are tokenized digital entities capable of:aiPump provides a no-code platform for the creation and deployment of AI agents in the blockchain space, aiming to simplify access to advanced AI technologies while promoting transparency and ease of use for developers and non-technical users alike.ContactAlex [email protected] article was originally published on Chainwire More

The world’s largest cryptocurrency had briefly risen past the coveted $100,000 level as it marked an extended recovery from a late-December rout. But Tuesday and Wednesday’s losses saw the crypto wipe out the entirety of its recovery, putting it back in sight of late-December lows. Bitcoin fell 0.3% to $96,607.7 by 00:49 ET (05:49 GMT), after losing over 5% on Tuesday. The crypto was also subject to some profit-taking after logging a stellar 2024. A bulk of Bitcoin’s gains came after Donald Trump’s victory in the presidential election, given that he had promised to enact crypto-friendly policies.But crypto markets were now awaiting more cues on Trump’s policy plans, as he takes office on January 20. Losses in Bitcoin came in tandem with broader risk-driven markets, as stronger-than-expected U.S. economic data fueled concerns that the Federal Reserve will cut interest rates at a slower pace in 2025. Job openings data for November read higher than expected, coming just days before nonfarm payrolls data for December, which is expected to offer more definitive cues on the labor market. Stronger-than-expected purchasing managers index data for December, while presenting a brighter picture of the U.S. economy, also pushed up concerns that inflation will remain sticky in the coming months, giving the Fed even more impetus to cut interest rates slowly.The central bank had slashed its outlook for interest rate cuts in 2025 during its December meeting, citing concerns over sticky inflation and confidence in the labor market.Fed officials reiterated this messaging earlier this week. Higher for longer rates bode poorly for speculative assets such as crypto, given that they limit the amount of liquidity that can be deployed into the sector. This trend had battered crypto markets through 2022 and most of 2023. Broader crypto prices fell tracking Bitcoin, also wiping out a recovery seen over the past week. Losses in several major altcoins were far more pronounced than those seen in Bitcoin.World no.2 crypto Ether fell 8.4% to $3,360.35, while world no.3 crypto XRP slid 5.1% to $2.3084. Compass Point Research analysts said Ether was likely to outpace Bitcoin this year, as friendlier U.S. regulations will see investors diversify beyond the world’s biggest cryptocurrency. Solana, Cardano, and Polygon slid between 8% to 12%, while among meme tokens, Dogecoin tumbled 11%. More

The transfer worth more than $27 million was initiated by a mysterious whale from an unknown blockchain address and constituted $70,081,151 DOGE.According to the account details shared by the Blockchair explorer, the sender’s wallet was set up just recently, since it only contains four transactions. On Jan. 6, this wallet received 70,081,124 DOGE, which he sent to Binance today.Martinez stated that, according to the TD Sequential indicator, which is designed to predict price corrections and rebounds on the market, a sell signal has formed on the DOGE daily chart. Therefore, the analyst is anticipating a price correction.After surging by more than 16% since Friday and upon reaching $0.39644, Dogecoin has been pushed down by 2.51% today. At the time of this writing, the popular meme cryptocurrency is changing hands at $0.38,680 per coin.Dogecoin creator Billy Markus, who is known on social media as Shibetoshi Nakamoto, reacted to that bullish news in his traditional jesting manner, using memes and highlighting Bitcoin’s price surge above the crucial $100,000 level. In the middle of December, BTC scored a historic peak above $108,000 and had been trading below $100,000 since then, regaining its losses partly now with yesterday’s price surge.While Markus has several times revealed that he holds Bitcoin (0.006 BTC), he does not rely any hopes of becoming a millionaire with it. In his numerous tweets, he has many times expressed a skeptical attitude toward crypto as an investment tool, claiming that nobody really knows why Bitcoin goes up or down and hinting that quitting one’s daily job betting on crypto is not the best idea.This article was originally published on U.Today More

Saylor disclosed that MicroStrategy acquired 258,320 BTC for $22.07 billion in 2024, at an average price of nearly $85,450 per BTC. This acquisition resulted in a remarkable 74.3% BTC yield for the year. Starting the year 2024 with 189,150 BTC, MicroStrategy realized a BTC gain of 140,630 BTC, averaging 385 BTC per day.MicroStrategy’s bold Bitcoin bet in the past year has paid off in a big way. According to Saylor, at the current price of $100,000 per BTC, this translates to shareholder value creation of $14.06 billion for the year, or $38.5 million per day. With this, MicroStrategy has proven that a Bitcoin-focused corporate strategy can drive massive returns.In a tweet earlier today, Saylor reminisced about the company’s Bitcoin strategy, posting SaylorTracker, a popular graph that tracks the firm’s buys, alongside the caption, “This all started with a single green dot.”On Monday, MicroStrategy reported the acquisition of 1,070 BTC for nearly $101 million, or nearly $94,004 per Bitcoin, increasing its total Bitcoin holdings to 447,470 BTC as of Jan. 5, 2025.At the time of writing, BTC was slightly up 0.32% in the last 24 hours to $100,600.According to Ali, a crypto analyst: “Bitcoin sits well above an important support zone between $95,400 and $98,400, where 1.77 million addresses bought over 1.53 million $BTC. However, there isn’t significant resistance ahead, only a minimal supply wall of 107,000 BTC between $104,700 and $105,770.”Glassnode founders who go by “Negentropic” on X indicated that “eyes are on the $101,500-$102,500 consolidation zone. A retest of the psychological $100,000 level will decide maybe a hold above $90,000 to $100,000 or a revisit the lower range.”This article was originally published on U.Today More