With the market booming and Bitcoin above US$100,000, an analysis carried out by Semrush for Bitso shows that searches for terms related to the crypto market reflect Brazil's advancement in the digital scenario

The new survey shows that Brazilians are more interested in digital finance. And the bull run is expected to boost these numbers even further. In the last two years, searches for terms related to the cryptocurrency market, for example, have grown 124% in Brazil.

Top search trends in September 2024

Cryptocurrency analyst Miles Deutscher has highlighted a list of altcoins that he believes are poised to outperform the market as retail interest returns.

According to Deutscher, retail investors are following the “path of least resistance,” preferring easily accessible coins listed on large centralized exchanges (CEXs) such as Binance, Coinbase, Upbit and Robinhood.

Retail interest drives crypto market

Deutscher points to a surge in Google search volumes for cryptocurrencies as evidence of growing retail interest. As new investors enter the market, they tend to gravitate toward well-known platforms and direct investment options.

HBAR, the native cryptocurrency of the Hedera Hashgraph network, is up 8% in 24 hours. This surge comes after a few days of declines after the altcoin hit a three-year high of $0.39 on Dec. 3.

However, HBAR’s 8% rise in 24 hours only reflects the broader market rally. The bearish bias against it remains significant, putting it at risk of resuming its downward trend. This analysis explores the reasons behind this.

Hedera Bears Take Over

The Hedera token price has seen an 8% increase in 24 hours, while trading volume has plummeted by 21%. Rising prices with falling volume are often interpreted as bearish divergence, a potential signal to be cautious about the continuation of the uptrend.

FARTCOIN has become one of the most talked-about tokens lately, with its recent 257% surge defying expectations. The rally was fueled by the memecoin craze, highlighting the peculiarities of the crypto market.

FARTCOIN has hit a new all-time high (ATH) after a 58% jump in just one day. This has attracted the attention of investors and critics alike as the rally continues despite the token’s inherent volatility.

FARTCOIN records an increase in inflows

The Chaikin Money Flow (CMF) indicator for FARTCOIN shows increasing inflows, signaling growing interest in the token. However, despite this increase, the CMF remains below the zero line, suggesting a lack of strong conviction in the buying momentum.

Hathor has enabled the tokenization of R$1 billion in court-ordered debt, a judicial debt asset from the state of Maranhão, Brazil. According to the blockchain, this is the largest tokenization of a real asset (RWA) in Brazil and Latin America.

In addition to Hathor, Mannah, a startup specializing in Blockchain technology, and Acura, a management company specializing in high-end institutional clients, are also involved in the achievement. The milestone highlights the potential of blockchain to transform the traditional financial market. Furthermore, it demonstrates Brazil's potential and pioneering role in RWAs.

Following the launch of ME by Magic Eden, the token’s volume has plummeted significantly. This drop may be linked to the lack of interaction with ME since the airdrop two days ago.

However, trading volume is not the only part of the Magic Eden ecosystem affected. This on-chain analysis reveals what else has been impacted and how the price may behave in the coming days.

Magic Eden sees declining interest in two key areas

Data from Santiment shows that Magic Eden’s volume was nearly $5.50 billion on Wednesday, December 11. At the time of writing, the same figure has fallen to $1.58 billion, indicating a reduction of approximately $4 billion.

SUI, the native token of the Layer-1 Sui blockchain, has seen a significant surge in 24 hours. The price hit a new all-time high of $4.91 during the Asian session on Thursday (12) as trading activity surged.

Although the value has dropped slightly by 1% since that peak, SUI has maintained a 30% increase in price in 24 hours, making it the biggest gainer in the market.

SUI records new peaks

SUI’s double-digit surge was fueled by Wednesday’s (11) announcement of Backpack’s integration with the Sui blockchain. However, the news triggered an 18% increase in SUI’s price during that day’s trading session as the blockchain saw a surge in user activity.

Byte Federal has revealed that a data breach has compromised the personal information of approximately 58,000 customers. The company is one of the largest Bitcoin ATM operators in the United States.

Headquartered in Florida, Byte Federal operates over 1,200 Bitcoin ATMs across the country. Through these ATMs, users can buy and sell cryptocurrencies at their convenience.

Byte Federal reveals data breach

In a filing with the Maine attorney general, Byte Federal revealed that the breach occurred on September 30. However, it wasn't discovered until November 18. Hackers exploited vulnerabilities in third-party software, specifically the widely used developer platform GitLab, to access the company's network.

As 2024 draws to a close, European crypto investment firm CoinShares has released market forecasts for the new year. In a report, CoinShares identified key trends that could dominate the crypto industry in 2025.

The report takes a closer look at how the United States (US) under Donald Trump could impact the crypto market. It also discusses the emergence of Bitcoin-based revenue-generating companies as a trend to watch in 2025.

Will Trump revamp crypto?

On Wednesday (11), the price of Cardano (ADA) fell to $1.01, but rose approximately 15% in 24 hours. This increase rekindled hopes among holders of the altcoin, suggesting that it could maintain the upward trend.

However, recent data on the blockchain indicates that this may not be the case.

Cardano investors are wary

Cardano has been one of the top altcoins among major cryptocurrencies over the past 30 days. During that time, the token rose to a two-year high of $1.25 before cooling off and rising again yesterday.

With Bitcoin reclaiming the $100,000 price point as support, the crypto market looked set to continue its bullish trend. As such, many altcoins followed BTC’s lead, with some even recording new all-time highs (ATH).

BeInCrypto analyzed three of these crypto tokens that registered record highs in the last 24 hours.

On (ON)

SUI price has surged 29% in the past 24 hours, reaching $4.80. The altcoin recently hit a new all-time high of $4.91 during today’s intraday session. This sharp increase indicates strong investor interest and market momentum, with SUI performing well in the current bullish environment.

The total cryptocurrency market capitalization (TOTAL) and Bitcoin (BTC) saw considerable growth in 24 hours, with the latter reclaiming $100K as support. Following BTC, altcoins also enjoyed a surge, with SUI topping the list of best-performing assets. The token thus surged by almost 30%.

In today's news:

Tether has minted $1 billion worth of USDT tokens, continuing its dominance in the stablecoin market amid record profits in Q3 2024. However, Binance and Circle’s new partnership could create a major challenger to Tether’s market share.

Michael Saylor's MicroStrategy could soon be listed on the Nasdaq 100, according to Eric Balchunas and James Seyffart, two respected ETF analysts. Classified as a technology stock, the company must get around the restriction that financial companies are ineligible.

If this prediction comes true, the listing will take place on Friday, December 23, the day before Christmas.

MicroStrategy no Nasdaq 100?

Balchunas first made the prediction in a social media post, claiming that MicroStrategy would replace COVID-19 vaccine maker Moderna.

The U.S. Supreme Court has rejected an appeal by Nvidia Corp., allowing a shareholder lawsuit over the company's crypto revenue to proceed.

The lawsuit accuses the company of misleading investors about its reliance on cryptocurrency mining revenues before a significant market crash.

Crypto lawsuit against Nvidia could go to trial in 2025

The court's ruling follows a hearing in November where the justices questioned whether the case raised legal issues substantial enough to warrant intervention by the Supreme Court.

Circle, the issuer of the USDC stablecoin, and Binance, one of the world’s largest cryptocurrency exchanges, have unveiled a new strategic partnership to promote the stablecoin globally. And it goes further. The pact includes using USDC to take market share from Tether, which owns the largest stablecoin on the market.

To infinity and beyond

Circle’s USDC token is jointly owned by Coinbase, marking an alliance between two major exchanges with a long-standing rivalry. Now, the platforms have joined forces to expand the use of USDC across a range of digital financial platforms. The alliance aims to accelerate the integration of digital solutions into the global financial market and open up new possibilities for users and businesses.

According to new on-chain data, Tether just minted USDT tokens worth $1 billion. The company has recently been minting in high volumes, reporting record profits in the third quarter of 2024.

However, Binance and Circle today announced a partnership to potentially take on Tether, marking a potential new major rival for the company’s stablecoin market share.

Tether issues large volumes of USDT

On-chain data reports today (11) a massive new minting of USDT tokens. In fact, this is not unusual for one of the world’s leading stablecoins. Tether has been minting unusually high amounts of USDT lately, with 2 billion on December 6 and 19 billion in the last month.

Helium (HNT) price is up over 8% in the past 24 hours, drawing attention as it attempts to regain its recent momentum. Despite the short-term gains, technical indicators suggest mixed signals for its future trend.

The ADX highlights weakening trend strength, while the RSI points to a neutral zone. With the EMA lines showing potential for a bullish crossover, HNT faces a crucial moment that could determine whether it advances towards $9.53 or tests critical support levels near $6.86.

Raydium, the largest automated market maker (AMM) on Solana, has managed to overtake Uniswap as the top platform by monthly trading volume.

A recent report from Messari reveals that Raydium recorded $124.6 billion in DEX volume in November 2024, surpassing Uniswap’s $90.5 billion by 30%. This feat reflects the rapid rise of the Solana ecosystem and the growing prominence of memecoin trading.

Raydium's rise to the top

In November, Raydium captured over 60% of daily DEX volume within the Solana ecosystem. This dominance reflects the platform’s ability to capitalize on Solana’s high processing power and low transaction costs. These principles appeal to users seeking an efficient and cost-effective decentralized finance (DeFi) experience.

Today, December 11, BeInCrypto noted that crypto remains in a volatile state, with several tokens trading sideways. While some have seen increases, only a few of the most popular altcoins fall into this category.

According to CoinGecko, today’s trending altcoins include Magic Eden (ME), KIP (KIP), and Movement (MOVE). Here’s why they’re trending and how their prices could move.

Magic Eden (ME)

ME is the native token of Magic Eden, a multi-chain NFT marketplace that has seen a surge in volume and user activity during the 2021 bull market. The token is one of the altcoins in the spotlight today as several users have received ME tokens in the form of an airdrop.

On December 6, Aptos (APT) boasted a market cap of nearly $8.25 billion. However, its market cap has now fallen to $6.36 billion, losing nearly $2 billion in just five days.

This sharp drop coincides with anticipation surrounding the upcoming token unlock, an event that is likely to trigger significant volatility for APT.

Aptos loses big with looming supply shock

Aptos’ market cap has surged above $8 billion as the price has risen to $15.25. For context, market cap is calculated as the product of the price and the circulating supply. So when the price goes up, the market cap goes up as well.