Cryptocurrency News

30 December

“Bitcoin Dips Below $94K: Bears Take Control as Market Sentiment Shifts”

Bitcoin’s price dropped below $94,000 on December 29, 2024, after hitting an all-time high of $108,000 on December 17. Over the past 24 hours, Bitcoin has experienced a slight 1.29% dip and a 2.67% decrease over the past week. Currently, the cryptocurrency is trading well below its 20-day exponential moving average (EMA) but is nearing its 50-day EMA, with prices …

30 December

“Ethereum NFTs Hit $186M in Weekly Trading, Powered by Pudgy Penguins”

Ethereum’s NFT trading volume surged to $186 million last week, marking a 67% increase from the previous week’s $111 million. This surge in activity represents the highest volume seen in the past three months. A major driver behind this rise was the Pudgy Penguins collection, which saw a significant boost following the launch of its $PENGU token. The Pudgy Penguins …

30 December

“2024 Stock Market Highlights: A Year of Resilience and Record Breaks”

Stocks are closing out 2024 near record highs. Over the past 12 months, the Nasdaq Composite (^IXIC) has surged by more than 31%, and the S&P 500 (^GSPC) has climbed over 25%. In comparison, the Dow Jones (^DJI) has posted a more modest gain of 14%. Despite recent market declines, investors remain optimistic about the future, fueled by significant headlines …

30 December

“Crypto Surge in 2024: Bitcoin Doubles in Value as Trump Support Grows”

The global cryptocurrency market has surged by nearly $1.7 trillion in 2024, driven by a wave of optimism following Donald Trump’s election victory. As of December 30, the combined value of all digital currencies reached $3.29 trillion, a significant rise from $1.6 trillion in January. Bitcoin, in particular, benefited from this surge, with the so-called “Trump bump” pushing it past …

30 December

“Bitcoin and Ether Forecast to Hit Record Highs in 2025, Galaxy Research Predicts”

Bitcoin (BTC), the world’s largest cryptocurrency, is expected to reach new all-time highs next year, with predictions that it will “test or surpass” $185,000 by the fourth quarter of 2025, according to a recent report by Galaxy Research. Ether (ETH), the second-largest cryptocurrency, is also expected to rise above $5,500 within the next 12 months, the report revealed. Alex Thorn, …

30 December

“Stock Futures Dip as Treasury Yields Reach 7-Month High”

Futures for the S&P 500 (ES=F), Nasdaq (NQ=F), and Dow Jones Industrial Average (YM=F) all trended lower on Monday morning. This decline came as the 10-year Treasury yield (^TNX) hovered near a 7-month high of 4.6%. Stocks ended last week on a negative note, with significant drops in major tech names like Tesla (TSLA) and Nvidia (NVDA). The Nasdaq Composite …

30 December

ETF Mania: Bitcoin Smashes $35B, Ether Follows with $2.7B in 2024

The cryptocurrency market is experiencing a historic surge in institutional interest, as U.S. spot Bitcoin ETFs attract over $35 billion in inflows in 2024, with Ether ETFs following closely behind, amassing $2.7 billion. This record-breaking adoption underscores the growing demand for regulated crypto investment vehicles, further solidifying Bitcoin and Ethereum’s positions as cornerstone assets in the digital economy. Bitcoin ETFs …

30 December

MoonPay’s MiCA Approval Marks a New Era for Crypto Payments in Europe

MoonPay, a leading crypto payment gateway, has received approval under the European Union’s Markets in Crypto-Assets (MiCA) regulations, marking a significant milestone for both the company and the broader crypto industry in Europe. This approval sets the stage for MoonPay to expand its services and continue driving the adoption of cryptocurrency in the region. With the MiCA framework designed to …

30 December

From Volcano Bonds to 6,000 BTC: El Salvador’s Crypto Journey Continues

El Salvador, the world’s first country to adopt Bitcoin as legal tender, has reached another significant milestone: accumulating over 6,000 Bitcoin in its national reserves. This achievement highlights the nation’s unwavering commitment to cryptocurrency as a cornerstone of its financial and economic strategy. From the introduction of Bitcoin-backed “Volcano Bonds” to its growing digital wallet adoption, El Salvador’s journey with …

30 December

IRS in the Crosshairs: Blockchain Association’s Legal Fight Over Crypto”

The Blockchain Association has launched a lawsuit against the Internal Revenue Service (IRS), challenging the agency’s recently implemented cryptocurrency regulations. The legal action reflects growing frustration within the crypto industry over what many see as overreaching and unclear rules governing digital assets. This case could have far-reaching implications for the future of crypto taxation and regulation in the United States. …