2 days ago
Bitcoin’s price went to a daily high of $96,000 but was quickly stopped there and pushed south by a few grand within hours. The altcoins are also struggling today, with ETH dumping to well below $3,400, SOL down to $190, and ADA slipping to $0.85. BTC Stopped at $96K The primary cryptocurrency had a painful end to an otherwise bullish year as it dropped from its latest all-time high of $108,300 to $92,000 within days in the middle of December. Although it bounced off initially and neared $100,000 on a couple of occasions, the bears were quick to intercept the moves and didn’t allow any further gains. Just the opposite, BTC started to lose value in the following days, which culminated on Monday with a plunge to $91,300. This became its lowest price tag in just over a month. The bulls managed to intercept the move and drove BTC to $95,000 later that day and up to $96,000 on Tuesday. However, this was another false breakout and the cryptocurrency is down by nearly three grand since then to just over $93,000 as of now. Its market capitalization has slumped beneath $1.850 trillion on CG, while its dominance over the altcoins remains strong at 54.3%. Bitcoin/Price/Chart. 01.01.2025. Source: TradingView Alts Back in Red The alternative coins didn’t enjoy the last days of 2024 either, and the beginning of the new year is rather familiar. Ethereum has lost nearly 2% of value and is well below $3,400. Similar price drops are evident from SOL, DOGE, ADA, AVAX, TON, and DOT. Even more painful declines are evident from Chainlink, SUI, HBAR, and APT. In the case of LINK, the price drop is almost 5%, which has pushed it to under $20. In contrast, XRP has finally charted a minor increase after a tough week , while VIRTUAL, OM, and XMR have gained around 5-7% each. The total crypto market cap has shed about $30 billion and is down to $3.4 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Rejected at $96K as New Year Begins With Altcoin Corrections (Market Watch) appeared first on CryptoPotato .
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Top-100 Solana-Based Memecoin Could Explode by Up to 840% From Current Level, Says Economist Henrik Zeberg
Economist Henrik Zeberg says that the Solana ( SOL )-based memecoin dogwifhat ( WIF ) is mirroring Bitcoin’s ( BTC ) setup from November. In a new post on the social media platform X to this 172,200 followers, Zeberg says WIF could leap to the $19 range. “Just before the large run of BTC in November we saw the same technical strength as we currently see in WIF – Positive Divergence in RSI – MACD about to Cross in a Bullish manner – RVGI moving higher All this while price has been pushing into a Descending Wedge – in larger wave 2. TRANSLATION: WIF is about to explode higher in larger wave 3 – in an extended move which may reach as high as 18-19 USD in this next move!” Source: Henrik Zeberg/X WIF is trading for $2.02 at time of writing, up 13% in the last 24 hours. A move to $19 would represent a percentage increase of approximately 840%. Yesterday, Zeberg said the crypto market is suddenly flashing bullish for altcoins while warning of worsening macro conditions. “We have had the first initial push in wave one of the BTC Dominance Index. Hardly noticeable! It will be in wave three (which starts now) that we really see the big push in altcoins. And it only ends after another three waves from here in wave three, wave four, wave five. When? We will have to see! Most importantly is to be on the right side of the trade.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top-100 Solana-Based Memecoin Could Explode by Up to 840% From Current Level, Says Economist Henrik Zeberg appeared first on The Daily Hodl . Crypto Potato
Congress Tackles Crypto Regulations: What’s Next for Stablecoins and Bitcoin?
The U.S. Congress is working to clarify stablecoin regulations. Continue Reading: Congress Tackles Crypto Regulations: What’s Next for Stablecoins and Bitcoin? The post Congress Tackles Crypto Regulations: What’s Next for Stablecoins and Bitcoin? appeared first on COINTURK NEWS . Crypto Potato
