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Binance Coin (BNB) is a popular choice among cryptocurrency enthusiasts, and for good reason. Here are some factors that contribute to the bullish sentiment around BNB$BGB :
Fundamental Analysis
1. *Binance Ecosystem*: BNB is the native cryptocurrency of the Binance ecosystem, which includes the Binance Exchange, Binance Smart Chain, and other related projects.
2. *Use Cases*: BNB has various use cases, such as paying for transaction fees, listing fees, and other services within the Binance ecosystem.
3. *Burn Mechanism*: Binance has a token burn mechanism in place, which helps to reduce the circulating supply of BNB and increase its value.
Technical Analysis
1. *Chart Patterns*: BNB's price chart shows a series of higher highs and higher lows, indicating a strong uptrend.
2. *Moving Averages*: BNB's price is above its 50-day and 200-day moving averages, which is a bullish sign.
3. *Relative Strength Index (RSI)*: BNB's RSI is around 50, indicating that the token is not overbought or oversold.
Market Sentiment
1. *Institutional Investment*: Binance has received investments from various institutional investors, which has helped to increase confidence in the BNB token.
2. *Community Support*: Binance has a strong and active community, which helps to drive adoption and demand for BNB.
3. *Partnerships and Collaborations*: Binance has partnered with various organizations, which has helped to increase the use cases and adoption of BNB.
Price Predictions
Based on various predictions, BNB's price could reach:
- $500-$600 in the short term (2023-2024)
- $1,000-$1,500 in the medium term (2025-2026)
- $2,000-$3,000 in the long term (2027-2030)
Keep in mind that these predictions are subject to change and should not be taken as investment advice.
#BinanceAlphaAlert
Fundamental Analysis
1. *Binance Ecosystem*: BNB is the native cryptocurrency of the Binance ecosystem, which includes the Binance Exchange, Binance Smart Chain, and other related projects.
2. *Use Cases*: BNB has various use cases, such as paying for transaction fees, listing fees, and other services within the Binance ecosystem.
3. *Burn Mechanism*: Binance has a token burn mechanism in place, which helps to reduce the circulating supply of BNB and increase its value.
Technical Analysis
1. *Chart Patterns*: BNB's price chart shows a series of higher highs and higher lows, indicating a strong uptrend.
2. *Moving Averages*: BNB's price is above its 50-day and 200-day moving averages, which is a bullish sign.
3. *Relative Strength Index (RSI)*: BNB's RSI is around 50, indicating that the token is not overbought or oversold.
Market Sentiment
1. *Institutional Investment*: Binance has received investments from various institutional investors, which has helped to increase confidence in the BNB token.
2. *Community Support*: Binance has a strong and active community, which helps to drive adoption and demand for BNB.
3. *Partnerships and Collaborations*: Binance has partnered with various organizations, which has helped to increase the use cases and adoption of BNB.
Price Predictions
Based on various predictions, BNB's price could reach:
- $500-$600 in the short term (2023-2024)
- $1,000-$1,500 in the medium term (2025-2026)
- $2,000-$3,000 in the long term (2027-2030)
Keep in mind that these predictions are subject to change and should not be taken as investment advice.
#BinanceAlphaAlert
$BGB Trading Insight Analysis
The recent surge in $BGB to 7.2584 USDT, with a remarkable 26.93% increase, signals strong bullish momentum. The price reached a high of 7.9300 USDT in the last 24 hours, reflecting ongoing positive sentiment in the market. The rising moving averages (MA5, MA10, MA20) further support the uptrend, suggesting sustained buying pressure.
The trading volume spike to 1.56 billion USDT indicates robust market participation, which is generally a bullish signal, but also highlights increased volatility. While the price action looks promising, it’s crucial to remain cautious, especially as the market can be prone to sudden reversals.
Key Considerations:
Risk Management: Ensure your position size aligns with your risk tolerance. High volatility can lead to rapid price swings.
Diversification: Even in a strong uptrend, it’s important to maintain a diversified portfolio to mitigate risks in case of unforeseen market corrections.
Monitor Key Indicators: Watch for any changes in trading volume or moving averages, as these could signal a trend reversal.
In summary, the outlook for $BGB is currently bullish, but prudent risk management and market monitoring are essential to navigate potential fluctuations.
The recent surge in $BGB to 7.2584 USDT, with a remarkable 26.93% increase, signals strong bullish momentum. The price reached a high of 7.9300 USDT in the last 24 hours, reflecting ongoing positive sentiment in the market. The rising moving averages (MA5, MA10, MA20) further support the uptrend, suggesting sustained buying pressure.
The trading volume spike to 1.56 billion USDT indicates robust market participation, which is generally a bullish signal, but also highlights increased volatility. While the price action looks promising, it’s crucial to remain cautious, especially as the market can be prone to sudden reversals.
Key Considerations:
Risk Management: Ensure your position size aligns with your risk tolerance. High volatility can lead to rapid price swings.
Diversification: Even in a strong uptrend, it’s important to maintain a diversified portfolio to mitigate risks in case of unforeseen market corrections.
Monitor Key Indicators: Watch for any changes in trading volume or moving averages, as these could signal a trend reversal.
In summary, the outlook for $BGB is currently bullish, but prudent risk management and market monitoring are essential to navigate potential fluctuations.
📊#BTC reaches the target zone✔️
🎄Merry Christmas, friends🎄Aren’t you happy to see such an increase during the holidays?😎
🧠I missed this rise because I was busy spending happy time with my family🤷♂️But the overall trend was completely in line with my expectations. After constructing a bull structure of the same cycle in the support area, the downward trend was reversed. At present, all the goals of this structure have been achieved, so we need to be alert to the possibility of a callback.
➡️If there is a pullback, the support levels worthy of our attention are neckline support 95481 and inflection point support 93805.
➡️If we make a horizontal consolidation, we need to pay attention to the breakthrough opportunity after the price is extremely compressed. The next resistance area is 101600-102750
Let's see👀
🤜If you like my analysis, please like💖 and share💬$BTC
🎄Merry Christmas, friends🎄Aren’t you happy to see such an increase during the holidays?😎
🧠I missed this rise because I was busy spending happy time with my family🤷♂️But the overall trend was completely in line with my expectations. After constructing a bull structure of the same cycle in the support area, the downward trend was reversed. At present, all the goals of this structure have been achieved, so we need to be alert to the possibility of a callback.
➡️If there is a pullback, the support levels worthy of our attention are neckline support 95481 and inflection point support 93805.
➡️If we make a horizontal consolidation, we need to pay attention to the breakthrough opportunity after the price is extremely compressed. The next resistance area is 101600-102750
Let's see👀
🤜If you like my analysis, please like💖 and share💬$BTC
Ethereum's current market price is around $3,457.69 USD, with a market capitalization of $414.54 billion USD ¹ ². Over the past 24 hours, the price has increased by 2.28%, and the trading volume has reached $34.49 billion USD ¹ ².
Looking at the price history, Ethereum has experienced significant growth, with an all-time high of $4,891.70 USD on November 16, 2021 ² ³. However, it has also faced fluctuations, with a 17.99% decrease in price over the past week ⁴.
*Key Market Indicators:*
- _Market Capitalization:_ $414.54 billion USD ²
- _24-hour Trading Volume:_ $34.49 billion USD ²
- _Circulating Supply:_ 120.46 million ETH ² ³
- _All-time High:_ $4,891.70 USD ² ³
Looking at the price history, Ethereum has experienced significant growth, with an all-time high of $4,891.70 USD on November 16, 2021 ² ³. However, it has also faced fluctuations, with a 17.99% decrease in price over the past week ⁴.
*Key Market Indicators:*
- _Market Capitalization:_ $414.54 billion USD ²
- _24-hour Trading Volume:_ $34.49 billion USD ²
- _Circulating Supply:_ 120.46 million ETH ² ³
- _All-time High:_ $4,891.70 USD ² ³
$ETH
1. *Bitcoin (BTC)*: As the largest cryptocurrency by market capitalization, Bitcoin is often considered a safe-haven asset. Its limited supply and increasing adoption could drive up demand and prices.
2. *Ethereum (ETH)*: Ethereum's transition to proof-of-stake (PoS) and the implementation of sharding could significantly improve its scalability and efficiency. This could lead to increased adoption and higher prices.
3. *Solana (SOL)*: Solana's fast transaction times and low fees make it an attractive platform for decentralized applications (dApps). Its growing ecosystem and increasing adoption could drive up demand for SOL.
4. *Cardano (ADA)*: Cardano's proof-of-stake (PoS) consensus algorithm and its focus on scalability, security, and sustainability could make it an attractive investment opportunity.
5. *Polkadot (DOT)*: Polkadot's interoperability protocol enables seamless interactions between different blockchain networks. Its growing ecosystem and increasing adoption could drive up demand for DOT.
6. *Chainlink (LINK)*: Chainlink's decentralized oracle network provides real-world data to smart contracts. Its growing adoption and increasing demand for decentralized data feeds could drive up prices.
7. *Toncoin (TON)*: Toncoin's fast transaction times, low fees, and growing ecosystem make it an attractive investment opportunity. Its increasing adoption and potential partnerships could drive up demand and prices.
Please note that investing in cryptocurrencies carries inherent risks, and prices can fluctuate rapidly. It's essential to:
1. Do your own research (DYOR)
2. Set clear investment goals and risk tolerance
3. Diversify your portfolio
4. Stay up-to-date with market news and developments
Remember, past performance is not indicative of future results. Always invest responsibly and never invest more than you can afford to lose.$BGB
1. *Bitcoin (BTC)*: As the largest cryptocurrency by market capitalization, Bitcoin is often considered a safe-haven asset. Its limited supply and increasing adoption could drive up demand and prices.
2. *Ethereum (ETH)*: Ethereum's transition to proof-of-stake (PoS) and the implementation of sharding could significantly improve its scalability and efficiency. This could lead to increased adoption and higher prices.
3. *Solana (SOL)*: Solana's fast transaction times and low fees make it an attractive platform for decentralized applications (dApps). Its growing ecosystem and increasing adoption could drive up demand for SOL.
4. *Cardano (ADA)*: Cardano's proof-of-stake (PoS) consensus algorithm and its focus on scalability, security, and sustainability could make it an attractive investment opportunity.
5. *Polkadot (DOT)*: Polkadot's interoperability protocol enables seamless interactions between different blockchain networks. Its growing ecosystem and increasing adoption could drive up demand for DOT.
6. *Chainlink (LINK)*: Chainlink's decentralized oracle network provides real-world data to smart contracts. Its growing adoption and increasing demand for decentralized data feeds could drive up prices.
7. *Toncoin (TON)*: Toncoin's fast transaction times, low fees, and growing ecosystem make it an attractive investment opportunity. Its increasing adoption and potential partnerships could drive up demand and prices.
Please note that investing in cryptocurrencies carries inherent risks, and prices can fluctuate rapidly. It's essential to:
1. Do your own research (DYOR)
2. Set clear investment goals and risk tolerance
3. Diversify your portfolio
4. Stay up-to-date with market news and developments
Remember, past performance is not indicative of future results. Always invest responsibly and never invest more than you can afford to lose.$BGB
Chart of the day: Crypto AI-Agent sector hits $10B Marketcap
The Crypto AI Agent sector continues to shine amid broader market turbulence, reaching a $10 billion market cap on Monday.
Amid increasing demand for AI-integrated blockchain projects, the sector has emerged as one of the fastest growing cryptocurrency sectors in recent weeks.
Key growth drivers include the rising adoption of AI technologies across multiple industries and the interoperability of these projects within decentralized ecosystems.
Crypto AI Agent Sector Performance | Source: Coingecko
Virtual Protocol (VIRTUAL) is among the standout performers, boasting an 11.3% daily gain and a market cap of $2.57 billion. Similarly, Aixbt by Virtuals (AIXBT) recorded a 10.8% weekly rise, solidifying its position as a key player in the ecosystem.
The Artificial Superintelligence Alliance (FET) remains the sector leader, with a $3.28 billion valuation and robust 24-hour trading activity of $377 million.
As the Crypto AI Agent sector enhances convergence between AI and blockchain technology, it could emerge a significant growth driver for the broader cryptocurrency industry in 2025 and beyond.
The Crypto AI Agent sector continues to shine amid broader market turbulence, reaching a $10 billion market cap on Monday.
Amid increasing demand for AI-integrated blockchain projects, the sector has emerged as one of the fastest growing cryptocurrency sectors in recent weeks.
Key growth drivers include the rising adoption of AI technologies across multiple industries and the interoperability of these projects within decentralized ecosystems.
Crypto AI Agent Sector Performance | Source: Coingecko
Virtual Protocol (VIRTUAL) is among the standout performers, boasting an 11.3% daily gain and a market cap of $2.57 billion. Similarly, Aixbt by Virtuals (AIXBT) recorded a 10.8% weekly rise, solidifying its position as a key player in the ecosystem.
The Artificial Superintelligence Alliance (FET) remains the sector leader, with a $3.28 billion valuation and robust 24-hour trading activity of $377 million.
As the Crypto AI Agent sector enhances convergence between AI and blockchain technology, it could emerge a significant growth driver for the broader cryptocurrency industry in 2025 and beyond.
Altcoin market updates: Chainlink, HBAR, AAVE lead market recovery
The global cryptocurrency market cap shrank by $500 billion after the Federal Reserve's hawkish statements on December 17.
Amid the market crash, Bitcoin price declined 7.2% last week, recording its first weekly timeframe loss since Donald Trump’s re-election.
However, as early rebound signals emerged, Chainlink (LINK), Hedera (HBAR) and AAVE emerged top gainers on Monday.
Chainlink (LINK) retakes $22 territory with 3% gains after integrating new memecoins
Chainlink (LINK) has surged by 3% to retake the $22 level, fueled by new integrations with popular memecoins. Over the weekend, several memecoins, including Shiba Inu (SHIB) and its ecosystem tokens Turbo (TURBO) and Apu (APU), adopted Chainlink’s Cross-Chain Token (CCT) standard.
Chainlink Integrate new memecoin data streams | Source: X.com/Chainlink, December 21, 2024 |
This move enables these tokens to operate seamlessly across 12 blockchains, expanding their accessibility beyond their native networks.
The adoption of the CCT standard positions Chainlink as a key player in facilitating multi-chain interoperability for emerging tokens.
By leveraging Chainlink's services, these memecoins can now stream data and offer cross-network functionality, driving increased utility and liquidity.
AAVE price broke above $340 on Monday, up 11% on the day, as third consecutive Fed rate cut sparks demand for DeFi lending products. $BTC
The global cryptocurrency market cap shrank by $500 billion after the Federal Reserve's hawkish statements on December 17.
Amid the market crash, Bitcoin price declined 7.2% last week, recording its first weekly timeframe loss since Donald Trump’s re-election.
However, as early rebound signals emerged, Chainlink (LINK), Hedera (HBAR) and AAVE emerged top gainers on Monday.
Chainlink (LINK) retakes $22 territory with 3% gains after integrating new memecoins
Chainlink (LINK) has surged by 3% to retake the $22 level, fueled by new integrations with popular memecoins. Over the weekend, several memecoins, including Shiba Inu (SHIB) and its ecosystem tokens Turbo (TURBO) and Apu (APU), adopted Chainlink’s Cross-Chain Token (CCT) standard.
Chainlink Integrate new memecoin data streams | Source: X.com/Chainlink, December 21, 2024 |
This move enables these tokens to operate seamlessly across 12 blockchains, expanding their accessibility beyond their native networks.
The adoption of the CCT standard positions Chainlink as a key player in facilitating multi-chain interoperability for emerging tokens.
By leveraging Chainlink's services, these memecoins can now stream data and offer cross-network functionality, driving increased utility and liquidity.
AAVE price broke above $340 on Monday, up 11% on the day, as third consecutive Fed rate cut sparks demand for DeFi lending products. $BTC
Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery
Cryptos | 12/23/2024 18:08:29 GMT
The cryptocurrency market capitalization fell below $3.5 trillion on Monday, marking a 2.4% decline in the last 24 hours.
Bitcoin (BTC) price declined 7.2% last week, recording its first weekly loss since Trump’s victory in the election on November 5.
Chainlink (LINK), Hedera (HBAR), and AAVE emerged as top gainers over the weekend, with strategic bull traders stepping in to counter the market crash.
The AI-Agents sector has captured media attention over the past week, with Pudgy Penguins and Virtuals Protocol (VIRTUAL) among the front-runners.$BTC
Cryptos | 12/23/2024 18:08:29 GMT
The cryptocurrency market capitalization fell below $3.5 trillion on Monday, marking a 2.4% decline in the last 24 hours.
Bitcoin (BTC) price declined 7.2% last week, recording its first weekly loss since Trump’s victory in the election on November 5.
Chainlink (LINK), Hedera (HBAR), and AAVE emerged as top gainers over the weekend, with strategic bull traders stepping in to counter the market crash.
The AI-Agents sector has captured media attention over the past week, with Pudgy Penguins and Virtuals Protocol (VIRTUAL) among the front-runners.$BTC
Anticipation for pro-crypto Trump entering office
The bullish sentiment surrounding US President-elect Donald Trump's upcoming administration could also be a catalyst to ensure Bitcoin completes its cycle by reaching new highs in 2025. Much of the positive sentiment is driven by anticipated regulatory changes favoring digital assets coupled with Securities & Exchange Commission (SEC) Chair Gary Gensler's resignation on January 20.
The bullish sentiment surrounding US President-elect Donald Trump's upcoming administration could also be a catalyst to ensure Bitcoin completes its cycle by reaching new highs in 2025. Much of the positive sentiment is driven by anticipated regulatory changes favoring digital assets coupled with Securities & Exchange Commission (SEC) Chair Gary Gensler's resignation on January 20.
AVIV Ratio still below peak points
Despite fears of a market top, Glassnode's AVIV metric shows that Bitcoin still has room to grow. The AVIV Ratio measures the average unrealized profit, or paper gains, held by active investors in the market.
According to Glassnode analysts, bull markets end when most investors are highly profitable, creating excess supply and a shortage of buyers. The metric has yet to reach the peak of previous cycles, suggesting that investors have yet to begin taking extreme profits as prices rise.
BTC AVIV Glassnode. Source: Glassnode
A similar sentiment was expressed by Michael Nadeau in The DeFi Report, suggesting that the dip in Bitcoin's price is a necessary pullback. He expects a short-term consolidation before the market resumes its upward trajectory.
Likewise, Santiment data reveals that the buy-the-dip trend among market participants has risen to its highest level in 8 months, signaling increased enthusiasm toward a market recovery.
With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto's dip has reached its highest level in over 8 months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since…
Despite fears of a market top, Glassnode's AVIV metric shows that Bitcoin still has room to grow. The AVIV Ratio measures the average unrealized profit, or paper gains, held by active investors in the market.
According to Glassnode analysts, bull markets end when most investors are highly profitable, creating excess supply and a shortage of buyers. The metric has yet to reach the peak of previous cycles, suggesting that investors have yet to begin taking extreme profits as prices rise.
BTC AVIV Glassnode. Source: Glassnode
A similar sentiment was expressed by Michael Nadeau in The DeFi Report, suggesting that the dip in Bitcoin's price is a necessary pullback. He expects a short-term consolidation before the market resumes its upward trajectory.
Likewise, Santiment data reveals that the buy-the-dip trend among market participants has risen to its highest level in 8 months, signaling increased enthusiasm toward a market recovery.
With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto's dip has reached its highest level in over 8 months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since…
Changing Dynamics in Historic Cycles
Conversely, while Bitcoin has shown some synergy with previous cycles, there are certain traits of changing dynamics in the current cycle. Bitcoin has historically reached new highs, on average, one year after its halving event.
This pattern was repeated in the 2015-2018 cycle, when Bitcoin's price spiked to a new peak in August 2017 after its halving in 2016.
Similarly, in the 2019-2022 cycle, its price surged to new highs in November 2021, one year after its halving event in 2020. However, this trend has been altered in the current cycle after BTC hit a new ATH in March before its halving in April.
This places two options before investors: Either the halving event is no longer a yardstick for Bitcoin's price trajectory, or BTC has yet to experience the post-halving growth from previous cycles.
BTC/USD weekly chart (Coinbase)
Conversely, while Bitcoin has shown some synergy with previous cycles, there are certain traits of changing dynamics in the current cycle. Bitcoin has historically reached new highs, on average, one year after its halving event.
This pattern was repeated in the 2015-2018 cycle, when Bitcoin's price spiked to a new peak in August 2017 after its halving in 2016.
Similarly, in the 2019-2022 cycle, its price surged to new highs in November 2021, one year after its halving event in 2020. However, this trend has been altered in the current cycle after BTC hit a new ATH in March before its halving in April.
This places two options before investors: Either the halving event is no longer a yardstick for Bitcoin's price trajectory, or BTC has yet to experience the post-halving growth from previous cycles.
BTC/USD weekly chart (Coinbase)
Bitcoin Market Cycle Pattern
Historically, Bitcoin operates on a four-year market cycle pattern that begins with accumulation, bull market, distribution and bear market. Bitcoin could extend its rally into 2025 before establishing a price ceiling if the current market cycle follows this pattern. Additionally, market participants' expectation of the cycle repeating this trend could lead to a self-fulfilling prophecy.$BTC
Historically, Bitcoin operates on a four-year market cycle pattern that begins with accumulation, bull market, distribution and bear market. Bitcoin could extend its rally into 2025 before establishing a price ceiling if the current market cycle follows this pattern. Additionally, market participants' expectation of the cycle repeating this trend could lead to a self-fulfilling prophecy.$BTC
Bitcoin's retracement below $100K leaves investors wondering if the bull cycle is over
After reaching a high of $108,300 earlier in the week, Bitcoin experienced a decline on Wednesday following the FOMC's hawkish rate cut outlook for 2025. The Fed's decision to have only two rate cuts next year marred expectations of four rate cuts by market participants, leading to heavy selling pressure across the crypto market.
Particularly, US investors were among the top sellers, as revealed in the Bitcoin Coinbase premium plunging negative. This metric measures the difference between Coinbase's BTC/USD pair and Binance's. A decline shows higher selling pressure in the US than in the general market.
Bitcoin Coinbase Premium Index. Source: CryptoQuant
With the recent drawdown from its all-time high, most investors are contemplating if Bitcoin's bull season has run its course. The following factors reveal mixed signals:
After reaching a high of $108,300 earlier in the week, Bitcoin experienced a decline on Wednesday following the FOMC's hawkish rate cut outlook for 2025. The Fed's decision to have only two rate cuts next year marred expectations of four rate cuts by market participants, leading to heavy selling pressure across the crypto market.
Particularly, US investors were among the top sellers, as revealed in the Bitcoin Coinbase premium plunging negative. This metric measures the difference between Coinbase's BTC/USD pair and Binance's. A decline shows higher selling pressure in the US than in the general market.
Bitcoin Coinbase Premium Index. Source: CryptoQuant
With the recent drawdown from its all-time high, most investors are contemplating if Bitcoin's bull season has run its course. The following factors reveal mixed signals:
Trump-Backed World Liberty Financial Adopts sUSDe Stablecoin for DeFi Expansion
Donald Trump-backed crypto platform World Liberty Financial (WLFI) is integrating Ethena’s sUSDe stablecoin as a core collateral asset within its DeFi ecosystem.
The move, pending governance approval, would enable sUSDe deposits with dual rewards in sUSDe and WLFI’s native WLF tokens.
These incentives aim to boost liquidity and attract new users to WLFI’s upcoming Aave v3 instance.
Should governance reject the proposal, WLFI and Ethena plan to pursue alternative collaboration opportunities for mutual integration.
WLFI has also expanded its digital asset portfolio as part of its growth strategy, investing $500,000 in Ethena and $250,000 in Ondo Finance.
The platform’s total holdings now stand at $83 million, with Ethereum (ETH) accounting for the largest share at $57 million, according to Arkham Intelligence. $ETH
Donald Trump-backed crypto platform World Liberty Financial (WLFI) is integrating Ethena’s sUSDe stablecoin as a core collateral asset within its DeFi ecosystem.
The move, pending governance approval, would enable sUSDe deposits with dual rewards in sUSDe and WLFI’s native WLF tokens.
These incentives aim to boost liquidity and attract new users to WLFI’s upcoming Aave v3 instance.
Should governance reject the proposal, WLFI and Ethena plan to pursue alternative collaboration opportunities for mutual integration.
WLFI has also expanded its digital asset portfolio as part of its growth strategy, investing $500,000 in Ethena and $250,000 in Ondo Finance.
The platform’s total holdings now stand at $83 million, with Ethereum (ETH) accounting for the largest share at $57 million, according to Arkham Intelligence. $ETH
Arthur Hayes Predicts Major Crypto Sell-Off During Trump’s Inauguration
Arthur Hayes, former BitMEX CEO and CIO of Maelstrom, warns of a significant crypto market sell-off around Donald Trump’s inauguration on January 20, 2025.
Hayes attributes this potential downturn to a growing disconnect between investor expectations for pro-crypto policies under Trump’s administration and the slow pace of political realities.
While Bitcoin surged following Trump’s electoral win, buoyed by optimism around favorable regulations, Hayes anticipates a sharp market correction as traders recalibrate their outlook.
Citing limited time for Trump to enact sweeping crypto reforms, Hayes believes the inauguration will serve as a tipping point for investor sentiment.
He revealed plans to reduce Maelstrom’s crypto holdings ahead of the event to mitigate risks.
Hayes’ forecast signals caution for bullish traders who have fueled Bitcoin’s post-election rally, underscoring the importance of balancing speculative enthusiasm with realistic policy timelines.$BTC
Arthur Hayes, former BitMEX CEO and CIO of Maelstrom, warns of a significant crypto market sell-off around Donald Trump’s inauguration on January 20, 2025.
Hayes attributes this potential downturn to a growing disconnect between investor expectations for pro-crypto policies under Trump’s administration and the slow pace of political realities.
While Bitcoin surged following Trump’s electoral win, buoyed by optimism around favorable regulations, Hayes anticipates a sharp market correction as traders recalibrate their outlook.
Citing limited time for Trump to enact sweeping crypto reforms, Hayes believes the inauguration will serve as a tipping point for investor sentiment.
He revealed plans to reduce Maelstrom’s crypto holdings ahead of the event to mitigate risks.
Hayes’ forecast signals caution for bullish traders who have fueled Bitcoin’s post-election rally, underscoring the importance of balancing speculative enthusiasm with realistic policy timelines.$BTC
Chart of the day: Bitcoin traders maintain positive outlook despite Fed Jitters
As the US Fed meeting kicked off on Tuesday, the market had priced in a 25-basis-point rate cut, which has come to pass. Widespread anxiety around this major market event had already triggered a 4.2% outflow from the global crypto sector valuation over the last 24 hours. However, market data suggests the majority of speculative traders still maintain a positive outlook on Bitcoin’s short-term price prospects.
While Bitcoin price dipped below the $105,000 mark, the Coinglass chart below shows speculative traders continue to drive more capital inflows toward the BTC futures markets.
Bitcoin (BTC) Open Interest vs. Price | Source: Coinglass
As shown in the chart above, Bitcoin open interest rose to a new all-time high of $68.1 billion on Wednesday, reflecting $5 billion of inflows within the last 48 hours.
When Open Interest continues to increase amid a price pullback, it signals resilient bullish sentiment among short-term speculative traders. The move could set the stage for a rapid breakout in the coming trading sessions for two main reasons.
First, rising Open Interest amid a price correction suggests that traders are accumulating leveraged long positions, anticipating a rebound rather than exiting the market. This reinforces a "buy-the-dip" phenomenon that often precedes a sharp recovery.
If Bitcoin maintains its position above the $100,000 psychological support, a breakout toward the $110,000 resistance becomes increasingly likely.
As the US Fed meeting kicked off on Tuesday, the market had priced in a 25-basis-point rate cut, which has come to pass. Widespread anxiety around this major market event had already triggered a 4.2% outflow from the global crypto sector valuation over the last 24 hours. However, market data suggests the majority of speculative traders still maintain a positive outlook on Bitcoin’s short-term price prospects.
While Bitcoin price dipped below the $105,000 mark, the Coinglass chart below shows speculative traders continue to drive more capital inflows toward the BTC futures markets.
Bitcoin (BTC) Open Interest vs. Price | Source: Coinglass
As shown in the chart above, Bitcoin open interest rose to a new all-time high of $68.1 billion on Wednesday, reflecting $5 billion of inflows within the last 48 hours.
When Open Interest continues to increase amid a price pullback, it signals resilient bullish sentiment among short-term speculative traders. The move could set the stage for a rapid breakout in the coming trading sessions for two main reasons.
First, rising Open Interest amid a price correction suggests that traders are accumulating leveraged long positions, anticipating a rebound rather than exiting the market. This reinforces a "buy-the-dip" phenomenon that often precedes a sharp recovery.
If Bitcoin maintains its position above the $100,000 psychological support, a breakout toward the $110,000 resistance becomes increasingly likely.
Altcoin market updates: Solana, XRP AVAX among top losers, Fed triggers sell-the-news frenzy
As the US central bank’s governors on Wednesday projected fewer rate cuts in 2025, crypto traders opted to take profits off the table.
This effectively ended a week-long rally that has seen Bitcoin (BTC), Ripple (XRP) and Avalanche (AVAX) all score double-digit gains since December 10.
Crypto Market Performance | December 18, 2024 | Source: Coingecko
According to data aggregated by Coingecko, the global crypto market capitalization declined 4.2% on Wednesday, reflecting a sector wide sell-off after the US Fed cut its main policy rate by 25 basis points but projected fewer cuts next year.
XRP price dipped 5.2%, tumbling under the $2.50 mark as market euphoria peaked after the RLUSD stablecoin’s official launch on December 17.
Solana (SOL) price also declined by 5% before finding support around the $215 level.
Avalanche traders also booked profits on Wednesday, sparking a 5.6% price retracement before settling at the $47 level.
$XRP $SOL $BTC
As the US central bank’s governors on Wednesday projected fewer rate cuts in 2025, crypto traders opted to take profits off the table.
This effectively ended a week-long rally that has seen Bitcoin (BTC), Ripple (XRP) and Avalanche (AVAX) all score double-digit gains since December 10.
Crypto Market Performance | December 18, 2024 | Source: Coingecko
According to data aggregated by Coingecko, the global crypto market capitalization declined 4.2% on Wednesday, reflecting a sector wide sell-off after the US Fed cut its main policy rate by 25 basis points but projected fewer cuts next year.
XRP price dipped 5.2%, tumbling under the $2.50 mark as market euphoria peaked after the RLUSD stablecoin’s official launch on December 17.
Solana (SOL) price also declined by 5% before finding support around the $215 level.
Avalanche traders also booked profits on Wednesday, sparking a 5.6% price retracement before settling at the $47 level.
$XRP $SOL $BTC
Crypto Today: Bitcoin holds $104K as XRP, AVAX and Solana traders take profits
Cryptos | 12/18/2024 19:46:11 GMT
The cryptocurrency sector valuation declined 4% on Wednesday, dropping toward $3.8 trillion.
While Bitcoin price dipped 2% to consolidate around the $104,600 mark, top altcoins like XRP, AVAX and SOL suffered excess of 5% losses on the day.
The sell-the-news frenzy comes as the Fed projects fewer rate cuts in 2025.
Cryptos | 12/18/2024 19:46:11 GMT
The cryptocurrency sector valuation declined 4% on Wednesday, dropping toward $3.8 trillion.
While Bitcoin price dipped 2% to consolidate around the $104,600 mark, top altcoins like XRP, AVAX and SOL suffered excess of 5% losses on the day.
The sell-the-news frenzy comes as the Fed projects fewer rate cuts in 2025.
Technical analysis: Bitcoin could exceed $240K
Looking at Bitcoin’s monthly chart below, Bitcoin’s price peaked between 518 and 549 days after each previous halving cycle. This is seen after the 2016 and 2020 halving, respectively. Assuming that history repeats, the next Bitcoin peak would likely occur after 518 days (September 2025) or 549 days (October 2025).
Moreover, when considering the peak of the previous halving, it is 3.51 times the other one: the 2021 peak was 3.51 times the 2017 peak. Assuming this theory plays out, the peak in 2025 would be 3.51 times that of 2021, which would give a price target of $242,190.
BTC/USD monthly chart
Another price projection would be given by CryptoQuant Bitcoin realized price bands, which is the average price at which all the Bitcoin in circulation has been transferred for the last time.
Historically, the price of Bitcoin has marketed a cycle top at ~4 times the realized price; this level represents the upper band (red dashed line). As of now, Bitcoin’s top price target is at $156K.
Bitcoin: Realized Price Bands chart. Source: CryptoQuant
Bitcoin: Realized Price Bands chart. Source: CryptoQuant
Lastly, FXStreet interviewed several experts and renowned people in the crypto communities. Their views about Bitcoin price projection for the end of 2024 and 2025 are given below:
Looking at Bitcoin’s monthly chart below, Bitcoin’s price peaked between 518 and 549 days after each previous halving cycle. This is seen after the 2016 and 2020 halving, respectively. Assuming that history repeats, the next Bitcoin peak would likely occur after 518 days (September 2025) or 549 days (October 2025).
Moreover, when considering the peak of the previous halving, it is 3.51 times the other one: the 2021 peak was 3.51 times the 2017 peak. Assuming this theory plays out, the peak in 2025 would be 3.51 times that of 2021, which would give a price target of $242,190.
BTC/USD monthly chart
Another price projection would be given by CryptoQuant Bitcoin realized price bands, which is the average price at which all the Bitcoin in circulation has been transferred for the last time.
Historically, the price of Bitcoin has marketed a cycle top at ~4 times the realized price; this level represents the upper band (red dashed line). As of now, Bitcoin’s top price target is at $156K.
Bitcoin: Realized Price Bands chart. Source: CryptoQuant
Bitcoin: Realized Price Bands chart. Source: CryptoQuant
Lastly, FXStreet interviewed several experts and renowned people in the crypto communities. Their views about Bitcoin price projection for the end of 2024 and 2025 are given below:
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