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Master Forex Trading with Position Size and Risk Calculators

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Bitcoin Hits New High Amid Reserve Asset Speculation, Bullish Sentiment Builds

Bitcoin rallied nearly 5% on Dec. 15, reaching a new all-time high of $106,554, fueled by speculation that it may become a U.S. reserve asset. Data from TradingView shows Bitcoin surpassed its previous high of $104,000, set on Dec. 5, before retracing slightly. CK Zheng, chief investment officer of ZK Square, attributed the surge to a “Santa Claus mode,” as investors fear missing out and increase their capital allocation to Bitcoin. Zheng predicted Bitcoin could hit $125,000 by early 2025 but cautioned about a potential 30% correction as much of the bullish sentiment tied to the incoming Trump administration has already been “priced in.” Such a correction from $125,000 would bring Bitcoin down to approximately $87,500. Trump Administration Speculation Fuels Rally The rally follows comments from Strike CEO Jack Mallers, who suggested President-Elect Donald Trump might issue an executive order on Jan. 20, designating Bitcoin as a reserve asset. “There’s potential to use a day-one executive order to purchase Bitcoin,” Mallers said, though he clarified, “It wouldn’t be the size and scale of 1 million coins, but it would be a significant position.” Meanwhile, Dennis Porter, CEO of the Satoshi Action Fund, revealed that a third Bitcoin reserve bill is in progress at the state level, joining similar measures in Texas and Pennsylvania. “We’re going to see more and more of these bills come. At least 10, in my opinion,” Porter said during a Dec. 15 X Spaces discussion. Additional Catalysts for Bitcoin’s Surge Financial analysts are also anticipating a 0.25% interest rate cut by the U.S. Federal Reserve on Dec. 18, which could further boost Bitcoin. Additionally, a new Financial Accounting Standards Board rule taking effect after Dec. 15 allows institutions to more accurately report the value of their crypto assets, potentially attracting more institutional investors. The Crypto Fear and Greed Index currently ranks market sentiment in the “Extreme Greed” zone at 83 out of 100. Bitcoin World

Can XRP Surpass Ethereum in the Upcoming Rally? ChatGPT’s Answer Points to a Surprising Winner: XYZ

The post Can XRP Surpass Ethereum in the Upcoming Rally? ChatGPT’s Answer Points to a Surprising Winner: XYZ appeared first on Coinpedia Fintech News As the cryptocurrency market surges to new heights, speculation grows about which digital assets will lead the charge. While some anticipate XRP making significant strides, whispers suggest an unexpected contender may seize the spotlight. With major tokens reaching all-time highs, investors are eager to uncover the next big opportunity in this accelerating bull market. Enter XYZVerse (XYZ), the innovative memecoin uniting sports fans and aiming for exponential growth, poised to outperform even the most successful tokens in the market. The All-Sports Meme Token You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where degens can score big off the growing demand for meme coins Picture this: Polymarket hitting $1 billion in trading volume during the US presidential election – now throw in the hype of meme coins and the thrill of sports betting. With millions of sports fans ready to hit the field and cash in the XYZVerse ecosystem is set to keep expanding – and your rewards will slam dunk through the roof! >>>XYZ presale is your first-quarter chance to get in before the mind-blowing explosion! In 2024, meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. With potential thousand-fold returns that will blow past the finish line, the presale plan draws a hefty 9,900% growth by the TGE. Forget about BOME’s 5,000% rise or WIF’s 1,000% rally – XYZ is here to outscore them all! With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts. And a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here – get in before the crowd storms the field, and you’ll be sitting on way bigger returns! >>Don’t be left on the bench – grab your XYZ tokens now and be part of the next massive crypto championship! XRP (XRP) XRP is currently trading between $2.22 and $2.95, showing resilience despite a recent 7.32% decline over the past week. Both the 10-day and 100-day simple moving averages are close to $2.42, indicating a stable trend in the short and long term. The Relative Strength Index is at 51.94, suggesting a neutral market sentiment without signs of being overbought or oversold. Looking ahead, the nearest resistance level is at $3.30. If XRP breaks through this point, it could climb toward the second resistance at $4.03, representing a potential increase of over 35% from current prices. On the downside, the nearest support is at $1.83. However, with a monthly growth of 212.42% and a six-month rise of 379.42%, XRP has shown significant upward momentum. As optimism grows for an upcoming altcoin season and a global crypto bull run, XRP may continue its upward trajectory. Ethereum (ETH) Ethereum’s price has been moving between $3643 and $4233. Recently, the bulls seem to be gaining strength as the price nears the first resistance level at $4458. The Relative Strength Index (RSI) stands at 55.00, indicating moderate momentum without being overbought or oversold. Over the past month, Ethereum’s price has increased by over 27%, showing a solid upward trend. However, the MACD level is slightly negative at -1.149, suggesting that the bears haven’t completely lost control. Looking ahead, if Ethereum breaks through the resistance at $4458, it could potentially rise to the next level at $5047. This would be an increase of around 20% from the current price range. The simple moving averages for 10 and 100 days are close. It hovering around $3880, which might act as support if there’s a pullback. With signs of a broader bull run in the market, Ethereum could be set to capitalize on this momentum and reach new heights. Conclusion XRP and ETH are thriving, but XYZVerse aims for 20,000% growth as the first all-sport memecoin, blending meme culture with sports in a community-driven ecosystem. You can find more information about XYZVersus (XYZ) here: Site , Telegram , X Bitcoin World

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