Bitcoin is proving its value as an inflation hedge and store of value by hitting repeat all-time highs in multiple currencies.
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SEC pushes deadline for decision on Invesco Galaxy spot Ethereum ETF to 2024
The commission had until Dec. 23 to decide or punt on approval or disapproval for the spot crypto investment vehicle.
SEC pushes deadline for decision on Invesco Galaxy spot Ethereum ETF to 2024
The commission had until Dec. 23 to decide or punt on approval or disapproval for the spot crypto investment vehicle.
Donald Trump, FIFA and Megadeth NFTs, trading volume nears $1B: Nifty Newsletter
NFT platform Enjin migrated 200 million NFTs from Ethereum and a sidechain to its blockchain network.
US accounting standards board rules will reflect institutional crypto assets’ fair value
The U.S. FASB has decided that crypto assets will be represented at their fair value in accounting beginning late next year.
Price analysis 12/13: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, DOT, MATIC
Bitcoin (BTC) has failed to rebound sharply following the fall on Dec. 11, suggesting selling pressure on relief rallies. Glassnode data shows that short-term holders (STHs), entities holding Bitcoin for 155 days or less, sent $1.93 billion worth of Bitcoin to exchanges on Dec. 11 and $2.08 billion on Dec. 12. The last time single-day selling crossed the $2 billion mark was way back in June 2022. This shows that speculators are in a hurry to dump their holdings.
However, lower levels are attracting buyers. Trading resource Material Indicators suggested that “institutional sized” bids could be seen but added that it was unclear if it was accumulation or a short-term trading opportunity with dips being purchased and rallies being sold.
Daily cryptocurrency market performance. Source: Coin360Cointelegraph contributor Marcel Pechman analyzed derivatives data and said that Bitcoin remains on track to hit $50,000 despite the recent correction. He added that chances of “cascading liquidations” were low as the correction seems to have been “primarily driven by the spot market.”
What are the important support levels on Bitcoin that are likely to hold? Could altcoins also start a relief rally? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin has been holding above the 20-day exponential moving average ($40,870), but the bulls have failed to start a strong relief rally. This suggests hesitation to buy at higher levels.
Price analysis 12/13: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, DOT, MATIC
Bitcoin and altcoins are trying to find support at lower levels, indicating that the sentiment remains positive, and that traders are buying the dips.
Price analysis 12/13: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, DOT, MATIC
Bitcoin and altcoins are trying to find support at lower levels, indicating that the sentiment remains positive, and that traders are buying the dips.
Web3 chess game developer shutters play-to-earn due to ‘heavy cheating’
Both in-game Checkmate token rewards and NFT gameplay modes will be disabled.
Cosmos Interchain Foundation budgets $26M for ecosystem development in 2024
The amount allocated is down from a budget of $40 million in 2023.
Iota’s ShimmerEVM joins Fireblocks, targets demand for assets tokenization
The Iota Foundation wants to capitalize on institutional demand for real-world asset tokenization, which reached $342 billion in September.
Enterprise blockchain Coti set to become Ethereum privacy-centric layer 2 in 2024
Coti will look to provide privacy-focused functionality to the Ethereum ecosystem as a new layer-2 protocol.
Enterprise blockchain Coti set to become Ethereum privacy-centric layer 2 in 2024
Coti will look to provide privacy-focused functionality to the Ethereum ecosystem as a new layer-2 protocol.
Terrorism & Israel-Gaza war weaponized to destroy crypto
Anti-crypto politicians in Washington are weaponizing disputed claims about crypto funding Hamas to try and pass draconian new legislation.
Terrorism & Israel-Gaza war weaponized to destroy crypto
Anti-crypto politicians in Washington are weaponizing disputed claims about crypto funding Hamas to try and pass draconian new legislation.
Terrorism & Israel-Gaza war weaponized to destroy crypto
The Israel-Gaza war has once again thrown the spotlight on crypto, with anti-crypto politicians seizing on exaggerated reports of crypto being used to finance terrorism to introduce harsh new legislation with the potential to crush the industry.
Three days after Hamas carried out its brutal Oct. 7 attack, The Wall Street Journal published an inflammatory article stating that in the past three years, U.S.-designated terrorist organizations such as Hamas, Palestinian Islamic Jihad and Hezbollah had raised $134 million in crypto.
The article — later corrected following an online backlash — became ammunition for the anti-crypto army in Washington, which cited it to push for ever greater restrictions on crypto.
That came to a head over the past week with a bipartisan bill called the Terrorism Financing Prevention Act, introduced on Dec. 8. It obliges the Treasury to identify foreign financial institutions and crypto platforms that have knowingly conducted transactions with U.S.-designated terrorist outfits and enables it to impose sanctions to restrict U.S. bank accounts and block transactions.
Senator Mitt Romney tied the bill specifically to the Israel-Gaza war:
Terrorism & Israel-Gaza war weaponized to destroy crypto
Anti-crypto politicians in Washington are weaponizing disputed claims about crypto funding Hamas to try and pass draconian new legislation.
Terrorism & Israel-Gaza war weaponized to destroy crypto
Anti-crypto politicians in Washington are weaponizing disputed claims about crypto funding Hamas to try and pass draconian new legislation.
Terrorism & Israel-Gaza war weaponized to destroy crypto
The Israel-Gaza war has once again thrown the spotlight on crypto, with anti-crypto politicians seizing on exaggerated reports of crypto being used to finance terrorism to introduce harsh new legislation with the potential to crush the industry.
Three days after Hamas carried out its brutal Oct. 7 attack, The Wall Street Journal published an inflammatory article stating that in the past three years, U.S.-designated terrorist organizations such as Hamas, Palestinian Islamic Jihad and Hezbollah had raised $134 million in crypto.
The article — later corrected following an online backlash — became ammunition for the anti-crypto army in Washington, which cited it to push for ever greater restrictions on crypto.
That came to a head over the past week with a bipartisan bill called the Terrorism Financing Prevention Act, introduced on Dec. 8. It obliges the Treasury to identify foreign financial institutions and crypto platforms that have knowingly conducted transactions with U.S.-designated terrorist outfits and enables it to impose sanctions to restrict U.S. bank accounts and block transactions.
Senator Mitt Romney tied the bill specifically to the Israel-Gaza war:
Terrorism & Israel-Gaza war weaponized to destroy crypto
The Israel-Gaza war has once again thrown the spotlight on crypto, with anti-crypto politicians seizing on exaggerated reports of crypto being used to finance terrorism to introduce harsh new legislation with the potential to crush the industry.
Three days after Hamas carried out its brutal Oct. 7 attack, The Wall Street Journal published an inflammatory article stating that in the past three years, U.S.-designated terrorist organizations such as Hamas, Palestinian Islamic Jihad and Hezbollah had raised $134 million in crypto.
The article — later corrected following an online backlash — became ammunition for the anti-crypto army in Washington, which cited it to push for ever greater restrictions on crypto.
That came to a head over the past week with a bipartisan bill called the Terrorism Financing Prevention Act, introduced on Dec. 8. It obliges the Treasury to identify foreign financial institutions and crypto platforms that have knowingly conducted transactions with U.S.-designated terrorist outfits and enables it to impose sanctions to restrict U.S. bank accounts and block transactions.
Senator Mitt Romney tied the bill specifically to the Israel-Gaza war: