Cryptocurrency

Bitcoin climbed 0.8% to $94,545.0 by 07:22 ET (12:22 GMT). The most popular cryptocurrency fell to over a month low of $91,522 on Monday but later recovered as dip buyers emerged.Bitcoin recorded its second straight weekly fall last week, and has fallen in five out of the last six sessions.Bitcoin was set to lose nearly 4% in December, which saw the U.S. Federal Reserve’s hawkish tilt.It had risen nearly 40% in November with a rally induced by Donald Trump’s presidential election victory in early November.The rally had pushed the token to an all-time high of $108,244.9, after which prices fell due to profit-taking amid macroeconomic pressures induced by the Fed rate outlook.The Fed indicated only two rate cuts for the upcoming year, compared with previous expectations for four cuts.This shift led investors to reassess their positions in speculative assets like Bitcoin, contributing to its price decline.Crypto-related stocks fell on Monday tracking the downtrend in Bitcoin.MicroStrategy Incorporated (NASDAQ:MSTR) declined 8.2%, and Coinbase Global Inc (NASDAQ:COIN) lost 3.2%.Riot Platforms (NASDAQ:RIOT) ended 4.5% lower, while Marathon Digital Holdings Inc (NASDAQ:MARA) fell 6.2%Other cryptocurrencies mainly traded in a flat-to-low range on Tuesday as demand for speculative assets was still subdued.World no.2 crypto Ether slipped 0.6% to $3,395.21. Ether was on track to fall around 8% this month after surging more than 47% in November.World no.3 crypto XRP traded flat at $2.081.Solana was also unchanged in the past 24 hours, while Polygon fell 1.3% and Cardano lost 1.5%. Among meme tokens Dogecoin lost edged lower 0.3%. Ether is set to outperform Bitcoin in 2025, according to a report by Steno Research, which cites historical patterns and Donald Trump’s election victory as key factors.The report predicts Bitcoin could climb to at least $150,000 next year, up from around $94,000, while Ether is expected to more than double, reaching $8,000 from its current $3,400. Steno forecasts the ether/bitcoin ratio will increase to 0.06 within the next year, rising from 0.0357, aligning with trends from previous market cycles.Altcoins are likely to draw more attention, Steno analyst Mads Eberhardt said in a note seen by CoinDesk, stressing that “Donald Trump’s U.S. presidential victory is more favorable for altcoins than for Bitcoin.”Steno anticipates Bitcoin’s market dominance could decline to 45%, down from roughly 56.6% at present.Moreover, decentralized applications are projected to reach a total value locked (TVL) of $300 billion, which Steno believes strengthens the case for higher altcoin prices. The firm also highlights the potential introduction of cryptocurrency ETFs in the U.S. as a factor that could further boost the altcoin market.Ayushman Ojha contributed to this report.  More

Since whale activity has the ability to affect market sentiment and price direction, it should not be ignored. Consistent deposits into Kraken suggest a potential liquidation strategy, possibly in anticipation of market volatility or other unidentified factors. This kind of large sell-off frequently pushes prices lower, adding to Bitcoin’s already difficult situation. The current price of Bitcoin is $92,367, indicating a slight daily decline of 1.1%. Low volatility is indicated by the price consolidation over the last day, which has been between $91,375 and $94,838. Since Dec. 20, there has been noticeable downward pressure on the monthly chart, making it difficult for Bitcoin to stay afloat. Technically, Bitcoin has dropped below its 50 EMA, a bearish indication that suggests more short-term difficulties.Around $76,160, at the 200 EMA, is the next significant support. If this level fails, there may be more selling pressure on Bitcoin, which would be made worse by whale activities like the ones we have seen. Long-term Bitcoin is still a strong asset, even though the current activity suggests short-term pessimism. Bitcoin may get the momentum it needs to regain its footing above important support levels from the usual post-New Year recovery of the overall market. However, whether these massive sell-offs continue or slow down in the upcoming weeks will determine a lot. As of right now, traders and investors should keep a close eye on $85,456 as a crucial support level and $96,471 as an immediate resistance level. As we enter 2025, Bitcoin’s trajectory will probably be determined by sustained movement above or below these levels.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its enhanced P2P services with full API support for certified merchants. This new open API integration empowers advertisers and merchants to streamline their operations, automate key processes, and scale up transaction volume. Going Pro in P2P Trading With the new addition, eligible Bybit P2P merchants now have the capability to interact more directly with the platform via the API. The new API integration supports critical and high-frequency P2P operations, including:Secure Access and Integration IntegrityCurrently, access to the Bybit P2P API is reserved for advertisers at the VA level or above. To use the P2P API, users must meet two technical requirements to ensure security and proper integration. First, users must enable API permissions and create an API key, confirming the correct way to interact with the API for secure communication. Second, the user must access the API documentation and make authorized calls accordingly. Bybit invests in platform improvements to support open, efficient operations that make sense for traders, saving them resources and time. Continuing its tradition of seeking innovative, user-centric solutions, the new feature enables deeper integration and a better user experience. By expanding API access, Bybit P2P empowers merchants and advertisers to remain agile and competitive in the dynamic P2P marketplace. For further information, eligible developers and merchants can refer to the API Documentation for more instructions on implementation. #Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: [email protected] For updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony [email protected] article was originally published on Chainwire More

Inn Burniske’s view, the year-end drop in Bitcoin is less about investors losing interest and more about seasonal financial patterns that now influence the cryptocurrency market. With the long-awaited launch of multiple Bitcoin and Ethereum ETFs in 2024, crypto has become more tightly linked to traditional finance. This connection amplifies the effects of year-end activities like portfolio rebalancing and account reconciliation.It is interesting to see that while BTC is struggling, other crypto assets like ETH and SOL are holding their own or even gaining steam, notes Burniske. This goes against the idea that the market is totally avoiding risk and suggests that it is more about the usual end-of-year financial housekeeping.It looks like trading strategies and algorithms, which are often influenced by institutions, have changed to adapt to these seasonal trends.The holiday season is usually a slow time for trading, so it is interesting to see how it is affecting crypto. It has been a big year for the digital assets market, with new ETFs launching and more people getting involved. This said, crypto is now officially part of the stock market, whether we like it or not. This means that the correlation with the main assets, or at least with their main behavioral patterns, is here to stay, which one cannot avoid.This article was originally published on U.Today More

This article was originally published on U.Today More

The post said that anonymous wallets had exchanged $361,584,691worth of Bitcoin — 3,856 BTC.In the comments thread, an X user pointed out at the mighty power of blockchain transfers, which cannot be beaten by bank transactions — the transfer fee for moving the $361.5 million in crypto comprised merely 0,00066 BTC, which equates to $61,57: “Thats the power of payment. You can pay this much for 2 usd fees.”Another commentator wrote that this potentially could be an over-the-counter (OTC) purchase/sale or a cryptocurrency exchange/whale restructuring their crypto wallets: “Large BTC transfer indicates potential OTC deal or exchange cold wallet restructuring.”Kiyosaki touched on several topics in it. The first was criticizing the boss of the world’s largest wealth management fund BlackRock (NYSE:BLK), Larry Fink. Kiyosaki tweeted that Fink had begun to dump BTC, most likely referring to massive — close to $200 million — Bitcoin outflows by the company last week in a single day.Then the “Rich Dad Poor Dad” author said that he would continue to buy Bitcoin, contrary to his earlier tweets, in which he claimed that once BTC surpassed $100,000, he would stop doing that. The world’s largest cryptocurrency soared above $108,000 in early December, but currently it is trading at slightly above the $93,000 price level. Kiyosaki believes that Larry Fink is suppressing the price so that whales are able to continue buying it.Financial guru Kiyosaki also doubled down on his ultra-bullish price prediction, made approximately a month ago. According to it, the investment expert sees Bitcoin soaring as high as $350,000 next year, largely thanks to a pro-Bitcoin presidential candidate winning the recent election.This article was originally published on U.Today More

With the crypto market attracting many more institutions this year such as BlackRock (NYSE:BLK), Fidelity, pension funds and the like, thanks to the launch of spot Ethereum and Bitcoin ETFs, the trend of declines at the end of December also affected them. This is exactly what shatters the hopes of crypto enthusiasts to end the year with a six-figure Bitcoin price.Interestingly enough, according to Peter Brandt, a renowned trader with over 50 years of trading experience, the price of Bitcoin is not even up for debate right now.In his latest review of the leading cryptocurrency, the expert trader says there is a clear head-and-shoulders pattern currently forming on the Bitcoin price chart. It thus needs to be traded for what it is, Brandt reminds the bulls.From one point of view, reaching this target, which the ominous pattern suggests, would mean another 17% drop for the Bitcoin price from current levels. On the other hand, it would mean that the cryptocurrency will close an important price gap that formed on the CME almost two months ago, and this will finally put an end to this unresolved issue.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is stepping into the New Year with rewards on Bybit P2P. Ringing in 2025 and its 3rd anniversary, Bybit P2P is unveiling a $100,000 prize pool to commemorate their achievements in 2024. The celebration features exclusive prizes and bonuses from Dec. 27, 2024 to Jan. 17, 2025.In addition, Bybit P2P is renewing its Super Deal perks for eligible users from now to Jan. 31, 2025. Newcomers looking to start their P2P trading journey on Bybit may get up to 99 USDT in coupons or up to 99% off the next P2P order. A Year of Milestones2024 proved to be a year of progress and maturity for Bybit P2P, with standout milestones across verticals. Looking forward to the new year and its 3rd anniversary, Bybit P2P has packed the celebration with opportunities to win extra P2P Coupons, USDT bonuses, and lucky draw tickets for a chance to claim a share of the $100,000 grand prize pool.From now until Jan. 17, 2025, users may unlock winning opportunities by marking five major milestones with Bybit P2P: To find out more about eligibility, restrictions, and ways to unlock $100,000 in rewards users can visit Bybit P2P 3rd Anniversary celebration.#Bybit / #TheCryptoArk / #BybitP2PAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: [email protected] updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony [email protected] article was originally published on Chainwire More