Cryptocurrency

In a move to foster deeper connections with crypto communities and empower individuals passionate about the digital economy, Flipster, a global crypto trading exchange with millions of users and nearly $120 billion in annual trading volumes, is launching the Flipster Superstars Program. This innovative Superstars program is designed to empower individuals passionate about crypto to lead the conversation, spotlight innovative ideas, and redefine how trading platforms engage with their users.Flipster Superstars offers an opportunity for crypto digital enthusiasts to influence the industry from within. The program calls on creators, community influencers, and storytellers to team up with Flipster, leveraging their unique talents to drive awareness and adoption of the platform’s cutting-edge features while amplifying its presence in nearly 200 countries.A Platform for Crypto TrailblazersFlipster Superstars focuses on three core roles to engage a diverse range of talents:Flipster Superstars offers performance-based rewards of up to 100,000 USDT, along with exclusive previews of campaigns and access to premium trading tools. Further details on the opportunities and how to become a Flipster Superstar can be found here.A Collaborative Initiative for Crypto Digital EnthusiastsFlipster Superstars is a voluntary initiative designed for individuals passionate about crypto and community engagement. Participants will have the chance to work closely with Flipster users and employees while gaining firsthand experience in the crypto space. About FlipsterFlipster is a global cryptocurrency exchange serving millions of users globally. Catering to both novice and experienced traders, the platform offers over 300+ trading pairs across futures and spot markets, with zero trading fees and tools designed for seamless, efficient trading. Beyond trading, Flipster provides opportunities for users to participate in the broader crypto ecosystem, including yield-generation options with up to 22% APR on deposits with no lock-in periods and staking features like Launchpool.Users can learn more at flipster.io or follow x.com/flipster_io for the latest updates.ContactFlipsterpr@flipster.ioThis article was originally published on Chainwire More

The $99,500 range is the first level to keep an eye on because it coincides with a crucial trendline that has helped to stabilize the price movement of Bitcoin in recent months. The current upward trend is based on this level, which signals intense buying interest whenever the price gets close to it. Bitcoin’s bullish argument is strengthened by a hold above this level. The resistance at $107,000, a psychological barrier that Bitcoin recently tested, comes next. A surge of bullish sentiment would probably be triggered if the asset broke through this level – even though recent attempts to do so failed. This level represents a possible breakout point for additional gains because it coincides with the upper boundary of the indicated ascending trendline. Finally, the pivot level of $102,000 marks the middle of the current trading range for Bitcoin.It is a key factor in determining momentum in the short term. A drop below might indicate a brief consolidation or a retest of the $99,500 support, while sustained price action above $102,000 would probably encourage buyers to push the price higher. Based on its positioning above important exponential moving averages and ascending trendlines, the overall technical picture indicates that Bitcoin is firmly in an uptrend. Despite market volatility and macro uncertainties, this structure shows that investors are becoming more confident. XRP’s lower high around $3.20 on the chart indicates that resistance levels are getting more difficult to overcome. This is an important psychological level, and if higher prices are not pushed, buyers may be deterred from making a strong move. In order to prevent a further decline, the asset must hold onto critical support levels like $2.75, which are getting closer.A lower high formation may have a domino effect on market sentiment. It frequently means that buyers are less inclined to drive prices to all-time highs as selling pressure on the asset’s bullish energy increases. Losses could worsen if this pattern continues, as it may result in a declining trend. In spite of this, the price of XRP is still above important exponential moving averages such as the 50 EMA, and the overall trend is encouraging. But in order for the asset to regain its bullish momentum, these levels must be maintained. A decline beneath $2.75 might be the start of a more substantial correction.DOGE is currently trading at about $0.35, holding onto the lower edge of its upward channel, which is supported by the 50-day EMA. The rally’s sustainability is called into question due to the lack of significant upward momentum, even though it maintains this structure. The lower boundary of the ascending channel offers a crucial floor, but it is frequently weakened by repeated testing, raising the possibility of a breakdown.Because of the moderate volume levels, there may not be much buying pressure pushing DOGE higher. Near $0.31, or the 100-day EMA, is the next crucial support level if the asset is unable to maintain its position within the channel. Should DOGE break through this support, it might be the start of a more significant correction that could push it closer to the $0.25 range. If DOGE wants to restore its bullish confidence, it must overcome the $0.40 resistance. Reaching this goal would suggest that buyers are once again interested, and it might pave the way for a run toward earlier highs around $0.50. The asset may enter a longer period of consolidation if there is a break below the ascending channel, which could deter investors. Dogecoin’s low ranking in its channel provides some hope for the time being, but its future hinges on its ability to generate enough demand to offset selling pressure. Traders should be ready for both a breakout and a possible decline below key levels as the market keeps an eye on its movements.This article was originally published on U.Today More

The President’s recently launched memecoin, $TRUMP, also extended its losing streak amid heightened volatility after its launch last week. While risk appetite improved after Trump called for lower interest rates and flagged a less severe stance on China, traders appeared to be largely biased towards stocks.Crypto markets were also underwhelmed by a lack of clear details on an order from Trump for the creation of a national digital asset reserve, which made no mention of  Bitcoin.Bitcoin rose 2.6% to $104,772.5 by 00:23 ET (05:23 GMT). The crypto was trading below record highs of over $109,000 hit earlier this week, but was also trading above the week’s lows. Trump on Thursday issued an executive order calling for the formation of a working group aimed at drafting new digital asset regulations and exploring the potential for a national crypto stockpile.The order, to some extent, delivered on Trump’s promises to quickly overhaul crypto regulation and create a friendlier environment for the industry. The order also banned the creation of central bank digital currencies in the U.S., and ordered that banking services to crypto firms be protected. The working group under Trump’s order will consist of officials from several arms of the government, including the Treasury, the Commodity Futures Trading Commission and the Securities and Exchange Commission. But the order sparked mixed reactions in crypto markets, given that the order still did not provide clarity on just what Trump’s policies will entail.Traders were also unsure how Trump will create a national crypto reserve, given that any move requiring Congressional approval will likely face resistance from fiscally cautious lawmakers. Additionally, the SEC on Thursday rescinded a major accounting requirement for organizations holding digital assets- SEB 121- which mandated strict disclosure requirements for companies providing digital asset custody services. Broader crypto prices were mostly positive on Friday, although most tokens were headed for a muted weekly finish. World no.2 crypto Ether rose 5.4% to $3,369.80, while XRP rose 0.6% to $3.1571.Among other altcoins, Solana, Cardano, and Polygon moved in a tight range, while Dogecoin rose 1%.Among meme tokens, $TRUMP sank 9% to $34.192, extending its run of recent losses after a volatile launch last week.While the memecoin’s launch was initially cheered by markets- which drove the coin to peaks near $80- it has since trended sharply lower. High volatility in the token, coupled with ethical concerns over Trump using his influence to manipulate markets, were the two biggest points of weight on the memecoin, which commanded a market capital of over $14 billion at its peak.Still, the memcoin likely netted the President billions in paper gains.   More

The SEC issued Staff Accounting Bulletin (SAB) 122, which rescinds SAB 121 and allows financial institutions that hold crypto on behalf of their customers to determine whether to declare the held digital assets as a liability. SAB 121 required crypto custody providers and exchanges to treat customer holdings as both an asset and as a liability, with the latter being based on the high risk associated with holding crypto. But this was a major sticking point for crypto firms, who had opposed the bulletin due to its alleged complication of accounting practices, which also served to restrict firms from holding crypto. SAB 121- which was implemented in 2022- was also overturned by Congress, but was kept in place by a veto by former President Joe Biden. “Bye, bye SAB 121! It’s not been fun,” SEC Commissioner Hester Peirce said in a social media post. The rescinding of SAB 121- which came under acting SEC Chair Mark Uyeda, reflects Trump’s friendlier stance towards digital assets, which the President had touted during his campaigning. Uyeda had also publicly opposed SAB 121 during former SEC Chair Gary Gensler’s term. Gensler- who had carried out a largely enforcement-driven stance on crypto- stepped down from the SEC earlier this week. The SEC earlier this week announced the formation of a task force aimed at helping inform crypto regulation. Trump also signed an executive order calling for the formation of a national digital assets reserve, although he did not explicitly mention Bitcoin.  More

In his traditional style, MicroStrategy founder shared an AI-generated image, in which Saylor depicted sitting in front of a window in a room with an extraterrestrial Martian landscape in the background behind the window. He is dressed as a spaceman with MSTR letters and a BTC mascot (both in orange – the color of Bitcoin) on his white jacket.“We are going to Mars,” the tweet states.The community responded with a wave of bullish comments, sharing Saylor’s enthusiasm. Here one may see an analogy to Elon Musk and his connection to the pro-crypto president Trump. Musk intends to send uncrewed rockets to Mars in two years when there is the shortest distance between Earth and Mars. If all goes well, according to him, in two years after that SpaceX will deliver the first crewed spaceships.This surge took place after a decline of 5.20% that Bitcoin has been facing between Tuesday and Thursday this week.Bitcoin soared as the pro-crypto US senator Cynthia Lummis who proposed building a US Strategic Bitcoin Reserve in the summer of 2024 tweeted: “Big things are coming,” hinting at the growing chances of the BTC reserve coming true.At the exchange rate of approximately $105,000, 6,120 BTC translated to roughly $642.6 million in value produced thanks to MicroStrategy’s treasury operations. Thus, Saylor underscored, the company follows its commitment to maximizing shareholder returns.This week, the company added more Bitcoin to its stash, purchasing a staggering $1.1 billion worth of BTC, now holding a total of 461,000 Bitcoins.This article was originally published on U.Today More

Lummis said in her X post that something big is going to be announced today. The senator is well known for her pro-Bitcoin stance and was one of the first voices in U.S. politics to promote the idea of building a strategic reserve in BTC. As a result of this announcement, the price of Bitcoin surged by over 4.5% in an hour, which is a lot for an asset with a market cap of over $2 trillion.Interestingly, Lummis’s announcement came just as the price of the cryptocurrency hit the bottom of the $101,300-$107,100 range it had been trading in for the past few days. As a result, the price of Bitcoin has experienced a painful reversal, falling as much as 3.2% in the last 25 days from local highs of $106,000. Whether the Bitcoin Strategic Reserve will be announced in the near future remains an open question. But it is now clear that such matters are not yet priced in. It could be a Bitcoin ETF fake announcement situation once again, though, as, in 2023, after such an event, we saw a massive pump and dump of the cryptocurrency, which eventually resulted in a steady BTC price rally as the market realized that the approval of the ETF is not yet priced in.This article was originally published on U.Today More

This article was originally published on U.Today More

According to Schiff, the main similarity between traditional fiat currencies and Bitcoin is that both derive their market value from the faith people have in them. In response to an X user who refuted this assertion by saying that “bitcoin was all proof of work,” Schiff declared Bitcoin as “proof of faith,” adding that “the work produces nothing of value. So it’s proof of faith.”Schiff went further to highlight the main difference between the two asset classes, indirectly highlighting Bitcoin’s ability to create wealth, saying, “The main difference is that no one expects to get rich holding cash. That’s why confidence in Bitcoin can be more easily lost.”Schiff, a staunch crypto critic, continues to dismiss Bitcoin while championing gold. He has previously criticized BTC exchange-traded funds (ETFs), claiming they undermine the decentralized nature of crypto.According to Glassnode, Bitcoin’s 60-day range is currently tighter than its current trading range. Historically, similar patterns have signaled volatility explosions.In a tweet, Glassnode observed that “Bitcoin’s current 60-day price range is very narrow. Historically, periods of tight price ranges often preceded heightened volatility,” it wrote. In addition, 20% of the BTC supply is concentrated within ±15% of the spot price, which creates the potential for amplified market volatility as investor profitability shifts.On the broader markets, investors are now anticipating the next Federal Open Market Committee meeting on Jan. 28-29, when interest rate cuts may be announced. At its December meeting, the Fed signaled two rate cuts for 2025, indicating a slow and cautious approach.This article was originally published on U.Today More