Cryptocurrency

It is expected to be caused by the newly elected U.S. president disapproving the funding bill for the year 2025, which includes pay rises and multiple benefits for congressmen from the Democratic party. Tech magnate and head of D.O.G.E. Elon Musk also paid attention to that bill, speaking against it on X.Jim Cramer tweeted that he had studied every governmental shutdown “since the time of Bill Clinton” regarding the way to react best to it investment-wise. Therefore, Cramer said, “You always had to BUY the fear not sell it.”Now that Cramer has tweeted about “buying the fear” and not selling it, many commentators, including cryptocurrency fans, began tweeting that it is definitely worth selling, not buying.Over the last 24 hours, the world’s largest cryptocurrency, Bitcoin, has shed a large part of its gains added over the last month. Bitcoin declined by almost 10%, falling from the $102,450 zone and landing at $92,951. By now, BTC has rebounded a little and is changing hands at $95,200. The key reason for the rapid and deep Bitcoin decline was the recent statement by Federal Reserve boss Jerome Powell about the Fed planning to reduce the high pace of interest rate cutting next year. Rather than the 100-basis-point cut expected by the crypto community, the Fed plans to do a 25-basis-point cut in early 2025.This article was originally published on U.Today More

The bearish signal comes amid a broader market sell-off, which has led to $1.42 billion in crypto liquidations over the past 24 hours, per CoinGlass data. Bitcoin has not been immune to this bearishness, with its price falling as traders faced uncertainty.Bitcoin fell by more than 11% from a record high of $108,268 achieved earlier this week, on Dec. 17, as lesser prospects for looser U.S. monetary policy dampened speculative fervor.In the most recent data release on Friday, the personal consumption expenditures price index, the Fed’s favored inflation indicator, showed a 0.1% increase from October and an annual rate of 2.4%, both lower than expected.The data comes just two days after the Fed dropped its benchmark interest rate by a quarter percentage point to a target range of 4.25%-4.5%, the lowest level in two years. During his news conference, Fed Chair Jerome Powell struck a hawkish tone about the forecast for next year. Fed policymakers raised their inflation outlook and projected only two rate cuts in 2025, down from four previously predicted.With fewer Fed rate cuts projected in 2025, some investors may decide to reduce their exposure and take profits, hence the sell-off.While death crosses are often viewed as bearish, they do not always guarantee further declines. The market is now closely monitoring Bitcoin’s support levels, with $90,000 being a critical psychological barrier to watch if selling pressure continues.On the upside, if the rebound is sustained, the $99,974 level might be critical to watch out for. If the Bitcoin price rebounds off this level with strength, the chances of retesting above the $100,000 psychological level increase. This might take Bitcoin beyond $108,000, with potential targets of $113,000 and $125,000.This article was originally published on U.Today More

Despite the tense atmosphere, Saylor maintains that investors must wear a hard hat as the market suffers, which could be a momentary crash.Notably, workers stay safe on a construction site by wearing a hard hat to protect themselves from crashing objects. Saylor appears to have the same advice for Bitcoin investors to protect themselves.Analysts suggest that investors could use stop-loss orders, hedge with derivatives or monitor market sentiments in a crashing market. However, the Bitcoin advocate would rather stay calm and stick to his Bitcoin accumulation plan for Saylor.When Bitcoin hit $100,700 after suffering a momentary dip, Saylor rejected the idea of selling for profit-taking in an interview. He maintained that the Bitcoin community would never trust MicroStrategy should it decide to sell BTC. This highlights Saylor’s and MicroStrategy’s holding strategy.Meanwhile, Saylor has hinted at changing MicroStrategy’s fundraising approach to add more intelligent leverage. Having achieved targets faster than anticipated, Saylor says the company will continue to raise capital primarily via fixed-income markets.He believes the company needs more leverage to compensate for its increasing deleveraged position.This article was originally published on U.Today More

That is why it is worth paying attention to the sentiment of the most popular and established public traders in the cryptocurrency space right now. For example, in his post, DonAlt discusses that the painful drop of the Bitcoin price to almost $90,000 has led to a major liquidation of altcoins, bringing many of them back to bear market valuations. At the same time, the trader offers a vision where a price range between $85,000 and $90,000 per BTC is likely – where bullish investors might try to stabilize and push the price further, indicating a potential support zone for Bitcoin. As can be seen on the attached chart, the next major trading range, if the above is breached, will be the $85,000-$71,500 area. Interestingly enough, this is also the area where the unclosed gap for Bitcoin on the CME is located. Thus, at first glance, it is all doom and gloom. What brings enthusiasm is that the area outlined by DonAlt is almost there, so we can hope for a bullish reaction there. However, considering the year-end tendencies on the crypto market, the roller coaster ride may last for quite some time.This article was originally published on U.Today More

According to Whale Alert, this transfer took place from an unknown wallet under the address “3NVeX” to the address which, according to the tracking service, belongs to Antpool, which is one of the largest mining pools in the industry.Interestingly, at the same time, data from Arkham Intelligence shows that the transfer was made not to the address of the mining pool but to the custodial account of Cobo’s, which is a popular Web3 wallet platform.This address, however, was not the last stop for the Bitcoin (BTC) data, when another 17 BTC and a transfer of 683 coins was made to an unknown address, “3BHXy.” This Arkham address is also suspected to belong to Cobo, and its balance right now contains 5,435 BTC, which is equivalent to $511.53 million.Such transfers excite the crypto public because they are often associated with the sale or purchase of cryptocurrency by a major player.However, here, it is likely that this is not the case, and it is most likely just a transfer of Bitcoin from one pocket to another. Thus, it can be concluded that the only sinister thing here is the initial amount of the transfer.This article was originally published on U.Today More

The listed prices show a significant drop in BTC, DOGE and ETH. This reflects the huge bearish sentiment that has affected the coins. As a result of these sell-offs, Bitcoin ETFs have registered the largest outflows as the bears dominate the market.Despite this massive decline, Markus’s tone has a hint of humor, best described as sarcastic. Many consider the post to have a deeper meaning of preparing to take advantage of the decline in the price of the assets. Markus could be preparing to buy the dip in anticipation of a price rebound, which is likely to result in profit-taking.The Dogecoin founder’s post has elicited reactions from his followers and many users of the different coins. Some users believe the price drop is a great opportunity for investors to accumulate ahead of the next bull wave.Bitcoin crossed the psychological price level of $100,000 for the first time and soared to over $108,200. Many investors were engaged in profit-taking, particularly early traders who purchased when BTC traded below $80,000.DOGE’s price crashed by 20.49% to $0.289 within 24 hours. Dogecoin’s market volume has soared by 107.95% to $13.58 billion. Ethereum has also registered a surge in market volume by 47.64% to $75.88 billion, even with a notable price decline of 12.33% to $3,230.49.Analysts say all three coins have continued to soar in market volume, signaling investors’ confidence in the assets. These investors might be positioning themselves for future market rebounds.This article was originally published on U.Today More

Few would have thought the situation could change so much by Friday, but there is one person in the crypto market who planted the seed of such an idea.We are talking about Changpeng Zhao, or CZ as he is better known in the crypto space, the former head of the world’s largest crypto exchange, Binance. In a tweet dated Dec. 17, CZ stated in one of his tweets that he was waiting for headlines as the price of Bitcoin dropped from $101,000 to $85,000 and also quite ambitiously asked to “save this tweet.” Fast forward three days, and here we are. The concerned crypto public did not fail to call out the former Binance CEO for such predictions, to which he responded with a more bullish post. Zhao stated that we should expect to see more headlines discussing Bitcoin hitting an all-time high, and moreover, it will continue “again, and again, and again,” according to CZ.Zhao mentioned the cyclical nature of the cryptocurrency market earlier. Based on what he said, it was assumed that similar to previous market events, a real bull market could occur in 2025, while this year is more of a recovery phase after a bear market.Whether CZ’s expectations come true or not, and whether Bitcoin will update its all-time high, we will find out in the very near future.This article was originally published on U.Today More

O.XYZ, the leading decentralized Super AI project, announces the launch of OSOL100, a first-of-its-kind AI index token designed to capture the cumulative value of Solana’s top 100 AI projects. This innovative token provides users with direct exposure to Solana’s AI infrastructure, agents, and meme tokens, all through one easily managed and fully transparent investment tool.OSOL100 simplifies investment strategies while enhancing portfolio diversification. It tracks and represents the performance of the top 100 AI-focused projects within Solana’s thriving ecosystem, offering accessibility to the most promising developments. Each OSOL100 token functions as a decentralized share of the fund, hosted on DAOS.fun, providing proportional exposure to its assets.Launched by O.XYZ, OSOL100, OSOLDOCS aligns with the company’s mission to create the world’s first Sovereign Super AI — an AI owned and governed by the community to benefit humanity. Powered by SuperMissO, the first AI CEO in development, OSOL100 embodies O.XYZ’s vision of an autonomous, community-led future. OBOT token holders gain exclusive access to OSOL100, enhancing the value and utility of their existing holdings.O.XYZ’s technical foundation centers on building an AI ecosystem designed to be shutdown-resistant and self-led. Their key initiatives include developing ‘Sovereign Super intelligence,’ creating decentralized infrastructure, and researching hyper-fast AI systems.The project operates under the O.Systems Foundation, led by Ahmad Shadid. Shadid, who previously founded IO.NET– a $3B Solana DePIN — brings his experience to O.XYZ’s work on building an autonomous, community-led AI ecosystem.ContactVP Biz DevHassan TariqO.XYZhassan@o.xyzThis article was originally published on Chainwire More