Analysis Daily News TheBitTimes.com

The next few days could mark a turning point for the crypto world, with political decisions paving the way for a wave of adoption. President-elect Trump’s strategic appointments, like Stephen Miran, Bo Hines, and David Sacks, are showing a major shift towards embracing cryptocurrency and blockchain. As the U.S. positions itself to lead in both crypto and AI, the stage is set for a surge in innovation. With this powerful backdrop, the market is primed for explosive growth, offering investors exciting opportunities. Let’s dig into today’s top crypto gainers and uncover the potential they hold in this thrilling new era!   Biggest Crypto Gainers Today – Top List In the last 24 hours, the price movements of today’s top crypto gainers have been nothing short of thrilling. Harmony (ONE) surged an impressive 13.13%, while Helium (HNT) saw a solid 9.78% jump, proving their market strength. Injective (INJ) isn’t far behind with an 8.93% rise, while Bit...

Japanese investment firm Metaplanet has made its largest ever Bitcoin purchase, acquiring $60 million worth of the king of cryptos. This marks the company’s largest acquisition since it began investing in cryptocurrency in May 2024. 🚨BREAKING🚨 JAPANESE FIRM METAPLANET HAVE BOUGHT 619.7 $BTC FOR 9.5 BILLION YEN ($60.7 MILLION). THIS IS THEIR BIGGEST BUY SO FAR. pic.twitter.com/kXXDHGtred — Ash Crypto (@Ashcryptoreal) December 23, 2024 Metaplanet’s Largest-ever 620 Bitcoin Purchase Japanese investment company Metaplanet acquired almost 620 Bitcoins, which is its largest Bitcoin purchase ever, as the cryptocurrency continues to trade below $100,000. On December 23, Metaplanet announced the purchase of 619.7 Bitcoin, valued at just under $60 million. At that time, Bitcoin was trading at around $96,000. This was the company’s largest-ever Bitcoin purchase since it began buying Bitcoin in May. Compared to Metaplanet’s previous record bu...

The Ethena price jumped 4% in the last 24 hours to trade at $1.0893 as of 11:17 p.m. EST on trading volume that plunged 13% to $762 million. This comes as Arthur Hayes, former BitMEx CEO, deposited 2 million $ENA, worth $2.06 million into Bybit at an average price of $0.97.  Over the past 2 days, Hayes has unstaked and deposited 9M $ENA ($10.6M) to Binance and Bybit at an average price of $1.173, leaving behind 7.94M $ENA ($8.1M) still staked. Arthur Hayes (@CryptoHayes) has deposited 2M $ENA, worth $2.06M, into #Bybit at an average price of $0.97. Previously, he unstaked 9.01M $ENA and deposited $7M $ENA into #Binance. Wallet: 0x6cd66dbdfe289ab83d7311b668ada83a12447e21 https://t.co/2lbsx6TGYH pic.twitter.com/OHsqqllgn9 — Onchain Lens (@OnchainLens) December 22, 2024 Ethena Price Could Still Soar The Ethena price has been on a price recovery from the $0.22 support in September, according to data from GeckoTerminal . ENA recovered to the $1.03 resistance, which allow...

Bitwise CIO Matt Hougan says a wave of institutional interest in altcoins is coming next year, largely due to potential regulatory clarity and more exchange-traded funds (ETFs). In a new interview with Bloomberg, Hougan says that institutional money is in the early stages of broadening out to other crypto assets besides just Bitcoin (BTC). Hougan forecasts that 2025 will be the year that institutional investors will begin to incorporate more diversification in their crypto-investing strategies the same way they do in other asset classes like equities or bonds. “You’re already seeing it broaden out actually. A lot of people were worried about the Ethereum ETFs for instance, which launched this summer and had tepid inflows. But over the last month or so, you’ve seen billions of dollars flow into those products. Again, the things that have happened in crypto in the past keep happening. Historically, most people enter crypto through Bitcoin, and th...

Ignore the mid-December slump—Wall Street Pepe (WEPE) is breaking records daily, positioning itself as the top presale of 2024. This new meme coin project has already secured over $33 million in its token presale, thriving despite the market slowdown. Many early investors see it as the next big crypto success story. Let’s find out why. Wall Street Pepe presale surges past $33M – Next big meme coin? The Wall Street Pepe presale has already raised over $33 million, with another $1 million likely to come within the next few hours. Despite Bitcoin’s recent sell-off and the broader market downturn, Wall Street Pepe is thriving. While coins like Bitcoin, Ethereum, and Shiba Inu are facing steep declines, Wall Street Pepe continues to gain momentum. Its presale started at $800,000 daily before surging to $6-$8 million per day, thanks to Elon Musk’s tweets about Pepe memes. Although the pace has slowed to $2 million per day, strong investor demand remains cl...

XRP continues to navigate a turbulent market as broader crypto selloffs weigh heavily on major altcoins. Despite the volatility, XRP has managed to consolidate above the $2 mark throughout most of the month, holding firm amidst intense market liquidations.  However, the token recently dropped to $1.97 on December 20, before rebounding to regain ground above the critical $2 psychological level.  With traders closely monitoring price movements, analysts have identified key support and resistance levels that could shape XRP’s trajectory this weekend.  Picks for you Will Bitcoin crash below $90k? 21 mins ago Bloodbath: Crypto traders lose $1.4 billion in 24 hours of massive liquidations 1 hour ago ...

The Dogecoin price plunged 14% in the last 24 hours to trade at $0.3141 as of 01:55 a.m. EST on trading volume that climbed 50% to $10 billion. Dogecoin Price On A Bearish Trend The DOGE price initially surged strongly in early November, with consistently higher highs and higher lows supported by both the 50-day and 200-day Simple Moving Averages (SMAs). Following the rally, the price of Dogecoin entered a prolonged consolidation phase, bounded between $0.39 and $0.45 (highlighted in the purple box), according to data from GeckoTerminal . This period suggested indecision among market participants as bullish momentum waned. However, a clear breakdown below the consolidation zone occurred recently, with the Dogecoin price falling to $0.3141. This drop marks a bearish reversal, with the price now trading below both the 50-day and 200-day SMA, signaling further weakness in the near term. The Relative Strength Index (RSI) currently sits at an extremely low value of 22.53, indicating o...

Bitcoin’s brief dip below $99K after the Fed’s rate cut announcement sparked temporary market uncertainty. Powell’s conservative stance on future rate cuts triggered initial negative sentiment across cryptocurrencies. Bitwise launched a competitive Solana staking ETP in Europe, offering attractive yields. The crypto community demonstrated significant political influence by blocking anti-crypto SEC Commissioner Caroline Crenshaw’s renomination. Grayscale’s Bitcoin Mini Trust ETF attracted substantial investment, reaching $4 billion in managed assets. Market sentiment remains cautiously optimistic despite warnings about potential volatility during Trump’s upcoming inauguration. New Cryptocurrency Releases, Listings, & Presales Today SquaresAI empowers creators and users through accessible AI lifecycle management and transparent monetization. Simian AI simplifies complex datasets for traders and researchers, ensuring impactful investment decisions...

The Solana price dropped 4% in the past 24 hours to trade at $208.78 as of 11:12 p.m. EST on trading volume that surged 8% to $9 billion. Solana Price Currently On A Bearish Trend—A Reversal Incoming? The Solana price has been trading within a well-defined falling channel, marked in yellow, since mid-November. This indicates a bearish trend with lower highs and lower lows. The current price, around $208.78, is near the lower boundary of this channel, suggesting it is approaching potential support, according to data from GeckoTerminal . SOL price has fallen below both the 50-day ($221.38) and 200-day Simple Moving Averages (SMAs) ($233.43), further confirming bearish dominance in the short term. The Relative Strength Index (RSI) is currently at 38.80, approaching oversold territory (<30). While not yet oversold, the RSI indicates a bearish bias and room for further downside before a potential reversal. If SOL price remains within the falling channel pattern and continues t...

American economist Peter Schiff is sustaining his critique of MicroStrategy (NASDAQ: MSTR) executive chairman Michael Saylor’s Bitcoin (BTC) accumulation spree as a ‘shell game,’ questioning its long-term viability. This criticism comes as MSTR’s share price has experienced a bearish sentiment in the short term, dropping 8% in the past week despite Bitcoin trading at a new record high.  MSTR one-week stock price chart. Source: Finbold According to Schiff, MicroStrategy’s sale of shares to finance additional BTC purchases is a move that props up its value while contributing to the company’s stock drop, he stated in an X post on December 17. Picks for you Robert Kiyosaki just predicted Bitcoin price for 2025 19 mins ago ...