The Ledger connector vulnerability put the entire DeFi ecosystem at risk, with market experts asking users to remain cautious of using DApps even after Ledger released a patch.
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Price analysis 12/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, DOT, MATIC
Bitcoin’s (BTC) rally has been taking a breather for the past few days but its strong rally in 2023 has not gone unnoticed. A survey of United States financial services companies by crypto firm Paxos showed that 99% of the firms were putting as much or more focus on crypto projects this year as compared to previous years.
Analysts are increasingly bullish on Bitcoin and the crypto space in 2024. Bitwise senior research analyst Ryan Rasmussen made ten predictions for the crypto industry in 2024 in an X (formerly Twitter) post on Dec. 13. He believes Bitcoin will soar to $80,000 in 2024 and “more money will settle using stablecoins than using Visa.”
Daily cryptocurrency market performance. Source: Coin360Along with crypto-specific issues, expectations of rate cuts by the Federal Reserve in 2024 are adding to the bullish sentiment. Arthur Hayes, the former CEO of crypto exchange BitMEX, reiterated his bullish view on crypto in an X post on Dec. 14. He said that the fiat was “a filthy piece of trash” and there was no reason not to be long crypto.
What are the vital support levels that could arrest the fall in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin has been stuck between the downtrend line and the 20-day exponential moving average ($41,221) for the past few days. This tightening of the price action suggests that a range breakout is possible in the short term.
Price analysis 12/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, DOT, MATIC
Bitcoin and select altcoins are witnessing profit-booking on rallies, increasing the likelihood of a short-term pullback.
Price analysis 12/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, DOT, MATIC
Bitcoin and select altcoins are witnessing profit-booking on rallies, increasing the likelihood of a short-term pullback.
SEC officials meet again with spot Bitcoin ETF filers
Meetings between asset managers and the SEC intensified over the previous weeks, with Gary Gensler’s team meeting with BlackRock and Hashdex representatives.
SEC responds predictably to Coinbase’s 2022 crypto rulemaking petition: No
The existing laws are sufficient, according to Chair Gensler. Coinbase says it's not done yet.
Arbitrum network went offline for 78 minutes because of inscriptions
The Arbitrum One network stalled at 10:29 am ET (13:29 UTC), according to an alert issued by the network's status page.
Watchdog group doubles down on Circle-Tron money laundering claims
The Campaign for Accountability released a new open letter criticizing Circle’s Cross Chain Transfer Protocol.
Spot Bitcoin ETF approval to propel BTC to $1M in ‘days to weeks,’ says Samson Mow
Bitcoin is likely to reach $1 million quickly due to a “torrent of money” coming from institutional investors in 2024, according to the Jan3 CEO.
Spot Bitcoin ETF approval to propel BTC to $1M in ‘days to weeks,’ says Samson Mow
Bitcoin is likely to reach $1 million quickly due to a “torrent of money” coming from institutional investors in 2024, according to the Jan3 CEO.
Bitcoin whales aim to reclaim $42K after BTC price dives over 3%
Bitcoin (BTC) tapped lows beneath $41,700 after the Dec. 15 Wall Street open as BTC price action fielded fresh sell-side pressure.
BTC/USD 1-hour chart. Source: TradingViewBitcoin balks at SEC Coinbase rejection
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving over $1,300, or 3.2%, on the day.
The largest cryptocurrency, fresh from a recovery from snap volatility the day prior, failed to hold its ground at $43,000 as Bitcoin bulls were denied upside continuation.
BTC price weakness accompanied news that the United States Securities and Exchange Commission had refused a request by major exchange Coinbase to rework the rules for crypto.
“Today, the Commission denied a Petition for Rulemaking filed on behalf of Coinbase Global, Inc.,” a statement from SEC Chair Gary Gensler read.
Bitcoin whales aim to reclaim $42K after BTC price dives over 3%
Bitcoin bulls face a battle for support on multiple timeframes as BTC price action stays volatile.
Ledger attack shows company ‘learned nothing’ after multiple breaches: ENS developer
Members of the crypto community shared their sentiments about the Ledger Connect exploit a day after the hack.
Ethereum community adopts ERC-3643 as standard for compliant asset tokenization
The ERC-3643 Ethereum Improvement Proposal reached its final stage, emerging as a recognized standard for tokenizing real-world assets.
Ethereum community adopts ERC-3643 as standard for compliant asset tokenization
The ERC-3643 Ethereum Improvement Proposal reached its final stage, emerging as a recognized standard for tokenizing real-world assets.
Iris Energy to double hash rate in 2024 with $22M Bitmain T21 mining rig order
Iris Energy will receive mining hardware orders from Bitmain in the first six months of 2024, taking its operational mining capacity above 10 EH/s.
$100K BTC? Don’t undervalue Bitcoin ETF influence, says Adam Back
Resolving recent systemic failures in the cryptocurrency ecosystem and the prospect of spot Bitcoin ETF approvals could drive Bitcoin to $100,000 in 2024.
$100K BTC? Don’t undervalue Bitcoin ETF influence, says Adam Back
Resolving recent systemic failures in the cryptocurrency ecosystem and the prospect of spot Bitcoin ETF approvals could drive Bitcoin to $100,000 in 2024.
Bitcoin ecosystem reinvigorated by memecoins, new protocols
Bitcoin miners’ revenue has reached all-time highs in part due to increased on-chain fees.
First Trust files for Bitcoin ‘Buffer ETF’ with SEC
Asset manager First Trust has filed for a Bitcoin buffer ETF with the SEC, intending to help investors mitigate risk by targeting downside protection.