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Crypto Market Bleeds Out Again as Bitcoin (BTC) Was Rejected at $100K (Market Watch)

The BTC relief rally in the past few days was halted yesterday as the asset was stopped at $100,000 and pushed south hard. As expected, the altcoins have suffered even more, with substantial price declines from the likes of LINK, AVAX, ADA, SUI, and many others. Bitcoin Stopped at $100K Bitcoin went through a massive correction last week following the latest FOMC meeting. It dumped all the way from $108,000 to $92,000 in a matter of days. It bounced off on Friday and Saturday as the bulls drove it to almost $99,500. However, it failed there and retraced hard once again at the start of the business week toward $92,000 once more. The bulls stepped up again at this point and initiated a notable price increase that pushed bitcoin up to $99,200 on Christmas Eve and almost $100,000 yesterday evening. Once again, though, the cryptocurrency was stopped at this point. The subsequent rejection has driven it south hard, as the asset now struggles below $96,000. Its market capitalization has declined to under $1.9 trillion on CG, while its dominance over the alts has increased to 54.6%. Bitcoin/PriceChart 26.12.2024. Source: TradingView Alts Bleed Out The alternative coins registered some gains in the past few days as well, but red dominates all charts now. Ethereum was stopped at $3,500 and is below $3,400 after a 3.5% daily drop. Similar declines are evident from XRP, DOGE, SOL, BNB, TRX, and TON. Even more painful corrections come from the likes of ADA, AVAX, LINK, SHIB, HBAR, XLM, and DOT, with losses of up to 9%. AAVE has plummeted by 10%, and so have ONDO and HYPE. The cumulative market capitalization of all crypto assets has seen more than $100 billion gone and is down to $3.460 trillion on CoinGecko. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Crypto Market Bleeds Out Again as Bitcoin (BTC) Was Rejected at $100K (Market Watch) appeared first on CryptoPotato . coinpedia

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$MOCA Price Soars 42% Amid Major Wallet Transfers And NFT Market Growth

Over the past two hours, Mocaverse’s Operational Expenses and Liquidity wallets have moved 24.5 million $MOCA tokens, worth approximately $10 million, to major exchanges including Gate.io, KuCoin, Bybit, and Bitget. This activity is believed to be tied to market-making efforts, potentially enhancing $MOCA’s liquidity and trading presence. Over the past 2 hours, the #Mocaverse Operational Expenses and Liquidity wallets transferred 24.5M $MOCA ($10M) to #Gateio , #KuCoin , #Bybit , and #Bitget , likely for market making. The price of $MOCA has surged by 42% today. https://t.co/nrFOnJH4YU https://t.co/K6gqSVmVEb pic.twitter.com/Tuoq9K67Vs — Lookonchain (@lookonchain) December 25, 2024 This development coincides with a significant 42% surge in the price of $MOCA today, marking a period of extraordinary growth for the token. Such momentum has also fueled the success of the Mocaverse NFT ecosystem, which has been delivering exceptional performance metrics in recent weeks. In the past 30 days, @Moca_Network NFTs have seen a remarkable 392% increase in total trading volume, highlighting their growing popularity and demand among collectors. Furthermore, the floor price of these NFTs recently hit an all-time high of 4.15 ETH, demonstrating robust value appreciation. All I want for christmas is MOCA Concurrent with the extraordinary growth of $MOCA recently, @Moca_Network NFTs have exhibited exceptional performance metrics: 1⃣The total NFT trading volume has experienced a 392% increase over the last 30-day period. 2⃣The floor price… pic.twitter.com/KFUgYcey9G — NFTevening ɢᴍ (@NFTevening) December 25, 2024 Another notable aspect is the decentralized nature of Mocaverse’s NFT ownership. The heterogeneous distribution of NFT holdings underscores the project’s commitment to ensuring a broad and balanced allocation within its community, reinforcing its decentralized ethos. As $MOCA continues its upward trajectory and Mocaverse NFTs achieve new milestones, this dual success showcases the ecosystem’s strength and potential for sustained growth. With increasing market attention and active community engagement, Mocaverse appears well-positioned to solidify its presence in both the token and NFT landscapes. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: surachaipung/ 123RF // Image Effects by Colorcinch coinpedia