The US Presidential elections held last November, which resulted in Donald Trump`s victory, brought an increase in both the dollar and cryptocurrencies such as Bitcoin. As the dollar continued to strengthen after Trump`s victory, analysts said that this rise in the dollar was similar to the rise experienced after Trump`s victory in 2016. When Trump was first elected president in 2016, the DXY peaked in December but fell over the next 12 months. The dollar’s decline coincided with Bitcoin’s rise in 2017. At this point, although there is an expectation in the market that the same situation will happen now, this time the story of the dollar and Bitcoin may be different. Because experts stated that there are no signs of decline in the DXY yet and that Trump`s economic policies and FED decisions may support the rise of the dollar. While a strong dollar is considered a negative for risk assets like Bitcoin, incoming Trump’s support for Bitcoin has brought new ATHs. But while Trump has expressed support for Bitcoin, Bitwise Europe head of research Andre Dragosch said a strong dollar and Fed policies could pose challenges for Bitcoin in 2025. He said the rally in Bitcoin will not continue at the same pace due to a stronger dollar, higher yields and geopolitical uncertainties. “The Fed is caught between two choices: Do too little, act too late and risk a recession in the U.S., or risk a significant acceleration in inflation again. The Fed told markets at its last meeting that they would only make two rate cuts in 2025. That`s why the dollar is appreciating and yields are continuing to rise. “I think the thing that is also affecting BTC and bringing it down is the dollar rising. The macroeconomics are currently a headwind for Bitcoin.” *This is not investment advice. Continue Reading: Bitwise Analyst Explains Why Bitcoin Could Not Rise, Lists His Expectations!
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Pepe the Boss (PEPEBOSS) Solana Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Pepe the Boss could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe the Boss (PEPEBOSS), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPEBOSS is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe the Boss can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe the Boss could become the next viral memecoin. Pepe the Boss launched with over $8,500 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe the Boss on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe the Boss by entering its contract address – 5pgsjH712NZ6eaKunsEfZarG9UotHaxvheW5E39a8NFX – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEBOSS. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. BitcoinSistemi
CertiK Report Reveals December Crypto Losses Dropped to 2024’s Lowest at $28.6M
There has been a significant reduction in losses from exploits, hacks, and scams in December compared to previous months. The latest report by blockchain security company CertiK recorded a total of approximately $28.6 million in losses – the lowest monthly figure in 2024. December Crypto Losses Are 2024’s Lowest Exploits dominated the financial impact, accounting for $26.7 million, while flash loan attacks and exit scams contributed $1.7 million and $200,000, respectively. Among the flash loan attacks, the most notable incidents included CloberDex, which suffered $501,279 in losses, followed by Clipper DEX with $450,811 and MoonMaker with $319,320. The largest single exploit in December targeted Gempad, with damages totaling a staggering $2.14 million. Other significant exploits included FBD, which lost $1.07 million, and Vesta DAO, $401,428. CertiK’s infographic revealed that December marks a sharp decline in overall losses, a stark contrast to peak months earlier in the year, where losses reached tens of millions monthly. The report also highlighted the growing threat of phishing, with the top victim (address 0x751e) losing $7.87 million, making it one of the costliest phishing incidents of the year. Other phishing incidents ranged between $1.4 million and $2.8 million in individual losses. Phishing Scams Persists Earlier last month, a cryptocurrency user revealed they lost $300,000 in a phishing scam after clicking a malicious KakaoTalk meeting link shared via direct message on X. The link, which was suspected of installing malware, compromised multiple wallets, including Ethereum and Solana addresses. The attacker allegedly transferred the funds to a wallet tied to the BingX exchange. More recently, Animoca Brands’ co-founder Yat Siu’s X account was hacked despite two-factor authentication (2FA). The attackers resorted to promoting a fraudulent token named “MOCA.” The phishing scheme, tied to Pump.fun, targeted over 15 crypto-focused accounts, stealing nearly $500,000. Blockchain security firm SlowMist also uncovered a phishing campaign using fake Zoom meeting links to steal cryptocurrency. The scheme mimicked Zoom’s interface, which prompted many victims to download malware disguised as a meeting installation package. The malware then harvested sensitive data, including cryptocurrency wallet details, leading to losses of more than $1 million. Hackers who were found to be potentially linked to Russian-speaking operatives reportedly laundered stolen funds across exchanges like Binance and Gate.io. The post CertiK Report Reveals December Crypto Losses Dropped to 2024’s Lowest at $28.6M appeared first on CryptoPotato . BitcoinSistemi