Bitcoin Price Volatility Today, the Crypto market has maintained its wildly unpredictable trading, with Bitcoin prices suffering significant losses. Amid widespread selling pressure across financial markets and the digital assets area, the flagship cryptocurrency has fallen below $100,000. The decision to lower the Fed rate and the speech given by Federal Reserve Chair Jerome Powell followed this Bitcoin decline. Bitcoin’s Surge and Setbacks Amid Fed Actions Since Donald Trump was elected president of the United States earlier this year, Bitcoin Price Volatility has risen sharply. As a result, investors are betting that the new president would foster crypto-friendly regulations. The…
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The price of Bitcoin $420M liquidation (BTC) plummeted, rocking the cryptocurrency market again and forcing the liquidation of more than $420 million across various exchanges. Because of this sudden change, many market watchers and investors worry about the market’s future. Bitcoin’s Price Dip What Happened? On the last day, the price of Bitcoin plummeted, falling by almost 5% and reaching a low not seen in more than a month. The abrupt price drop caught many traders off guard, triggering a chain reaction of sales. Regulatory pressures, a spike in sell-side volume, and macroeconomic reasons were said to have contributed to…
The 12th of December saw the eleventh day of daily inflows since the beginning of the month, with approximately $600 million flowing into Bitcoin spot exchange-traded funds (ETFs) in the US. The recent climb of Bitcoin’s price beyond the $100,000 psychological mark has boosted the inflows, as it has broken a significant barrier for additional potential gains. In anticipation of further price gains, institutional investors are buying Bitcoin ETFs at a steady rate, reflecting a positive market attitude. Bitcoin Inflows Reach $35.17B, Driven by BlackRock The funds have now recorded net inflows totaling $35.17 billion, including $600 million on Friday.…
MicroStrategy Bitcoin investment, currently listed on the Nasdaq 100 Index, is the largest corporate purchaser of Bitcoin, with 423,650 bitcoins as of the most recent disclosure. Companies such as Amazon, Apple, Nvidia, Meta, and many more are among the top 100 non-financial companies listed in the well-known index. On November 29, 2024, the market snapshot recorded Michael Saylor’s company as the 40th largest on the Nasdaq 100, with a market valuation of approximately $92 billion. Saylor’s Bitcoin Confidence and Price Outlook An outspoken advocate for Bitcoin, Michael Saylor has pledged to purchase the cryptocurrency regardless of its price. Even more…
The American blockchain payment company Ripple RLUSD minting XRP price surge Labs has created over thirteen million RLUSD stablecoins on several networks. As part of its accelerated testing phase for its stablecoin, Ripple is conducting this activity in preparation for its imminent launch, which follows certification by the New York Department of Financial Services (NYDFS). Over 13M RLUSD Minted Before Launch According to Ripple’s Stablecoin Tracker, the XRP Ledger and Ethereum Network were minting 13.9 million RLUSD tokens. Ripple minted the first 2.6 million RLUSD on the XRP Ledger, followed by 100,000, 160,000, and 640,000 RLUSD tokens. The Ethereum Network…
On Wednesday, Ripple’s XRP price surged 8% following the final approval of its RLUSD stablecoin by the New York Digital Futures Society (NYDFS), the state’s leading Crypto regulator. With this green light, Ripple can officially introduce RLUSD to the public, solidifying its position as a major participant in the regulated digital finance sector in New York and cementing its place in the stablecoin ecosystem worldwide. Last week, XRP gained 70%, which has since risen 8.3% to $2.33. Ripple CEO Confirms RLUSD Launch In a late Tuesday X post, Ripple CEO Brad Garlinghouse confirmed the permission and said that Ripple will…
American hedge fund manager and prominent investor Ray Dalio is trying to get people to put their money into gold and Bitcoin again by warning them against debt assets, even while major economies are increasingly indebted. Dalio Backs Bitcoin and Gold Amid Debt Worries The South China Morning Post carried Dalio’s comments at Tuesday’s Abu Dhabi banking conference. In that section, he expressed his belief that a “pending debt money problem” is imminent and his desire to “steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin.” The limited amount of 21…
The recent wave of whale transactions has put XRP’s price on a trajectory that could lead to a new ATH. Some 34,943,418 XRP Whale Transactions, or almost $84 million, have changed hands between anonymous wallets in the last several hours. Traders and analysts are watching this big transaction since it could mean price changes soon. XRP Whale Activity Signals Potential Price Surge Many wonder where XRP will go in value after a large transfer of over $84 million worth of the cryptocurrency. Unidentified wallets have moved, which has sparked speculation about potential price increases within the XRP community. Market strategists…
Bitcoin Hits $100K Amid Market Euphoria broke new ground on December 6, 2024, when it surpassed $100,000. The cryptocurrency had a 32% monthly gain, outperforming more traditional assets such as oil, gold, and the S&P 500, which had struggled to maintain their value. Coincident with the 6.3% decline in oil prices, a 1% decline in the S&P 500, and a 1% decline in the value of gold, Bitcoin stood out and garnered attention worldwide. Bitcoin Enters “Euphoria Stage,” Says Expert On X, WeRate co-founder Quinten François discussed the rally in his opinion. In his words, Bitcoin has entered its “euphoria…
Stephen Findeisen, known by his stage name “Coffeezilla debunks HAWK fraud claims,” has resorted to social media to refute the baseless and inflated allegations circulated about viral influencer Hailey Welch and the introduction of her memecoin, HAWK. The YouTube investigator spoke out about the scandal on December 6, asking that individuals refrain from sharing false news stories. “Please, put an end to these ridiculous headlines. Coffeezilla informed his 638,900 X followers that she had neither rugged for $500 million nor made $50 million. Hawk Tuah Memecoin Faces Allegations of Fraud Controversy has ensued in the cryptocurrency industry following the December…