Price analysis 12/30: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, AVAX

December 30, 2024 Coin Telegraph

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Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.

Bitcoin (BTC) has started the last week of the year on a soft note, indicating that the bulls are not hurrying to buy the dip. Analysts are divided about Bitcoin’s short-term price action. Some expect a strong rally leading into United States President-elect Donald Trump’s inauguration in January, while others anticipate the volatility to increase. BitMEX co-founder Arthur Hayes voiced a contrarian view in his blog post on Dec. 17, where he said the markets are likely to witness a “harrowing dump” around Trump’s inauguration day.

While short-term traders may be waiting for the uncertainty to clear before buying, MicroStrategy has continued its Bitcoin buying spree for the eighth successive week. The business intelligence firm announced the purchase of 2,138 Bitcoin between Dec. 23 and Dec. 29 at an average price of roughly $97,837.

Daily cryptocurrency market performance. Source: Coin360

Bybit fully restores withdrawal system following biggest crypto hack of all time

Price analysis 12/25: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, TON

December 25, 2024 Coin Telegraph

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Bitcoin’s recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.

Bitcoin (BTC) bulls are trying to start a Santa Claus rally by pushing the price back above the psychological level of $100,000, but higher levels may attract sellers. Bitcoin has gained nearly 2% in December, but it will have to do more work to catch up with the previous year’s 12.18% rise in December, per CoinGlass data.

CryptoQuant contributor Joo Hyun Ryu said in a Quicktake blog post that Bitcoin demand has increased from speculative short-term holders (STH) and Korean investors. The share of STH increased by 3% within a week, and the “Kimchi Premium,” the aggregate difference in price between South Korean exchanges and others, reached a local high of 5.12.

Crypto market data daily view. Source: Coin360

Bybit fully restores withdrawal system following biggest crypto hack of all time

Price analysis 12/18: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, SHIB

December 18, 2024 Coin Telegraph

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Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

Bitcoin (BTC) has pulled back after making a new all-time high above $108,000 on Dec. 17, indicating that the bears have not given up and are selling on rallies. BitMEX co-founder Arthur Hayes wrote in his “Trump Truth” blog post that the crypto markets are likely to dump following United States President-elect Donald Trump’s inauguration in January 2025. Hayes said that selling will occur after market participants realize that any crypto policy changes will take about a year to enact.

In contrast, Bitfinex analysts expect the dips in Bitcoin’s uptrend to be short-lived in 2025 due to institutional demand. They estimate Bitcoin to reach $145,000 by mid-2025 and potentially stretch to “$200,000 under favorable conditions.”

Crypto market data daily view. Source: Coin360

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Price analysis 12/16: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

December 16, 2024 Coin Telegraph

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Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.

Bitcoin (BTC) continued its northward journey on Dec. 16, signaling continued demand from the bulls. Material Indicators co-founder Keith Alan said in a post on X that historically, Bitcoin makes “MACRO moves” at or around Dec. 17. He expects a rate cut by the Federal Reserve to boost Bitcoin’s prices higher but added that he will wait on the sidelines until more clarity emerges.

ZK Square chief investment officer CK Zheng told Cointelegraph that Bitcoin may have entered “Santa Claus mode,” with investors looking to allocate capital, fearing missing out on the rally. He expects Bitcoin to reach $125,000 in early 2025 but anticipates a 30% correction afterward.

Daily cryptocurrency market performance. Source: Coin360

Bybit fully restores withdrawal system following biggest crypto hack of all time

Avalanche Closes $250 Million Token Sale Ahead of Upcoming Avalanche9000 Upgrade

December 13, 2024 Bitcoin.com

Avalanche Closes 0 Million Token Sale Ahead of Upcoming Avalanche9000 Upgrade

Altcoins

Avalanche announced the recent closure of a $250 million token sale that will support the upcoming launch of Avalanche9000. This major upgrade aims to turn Avalanche into a swarm of interconnected L1s. Avalanche Raises $250 Million Before Major Avalanche9000 Upgrade Avalanche, a top 15 blockchain project, has recently closed a $250 million token sale in […]

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Avalanche raises $250M ahead of Avalanche9000 launch

December 12, 2024 Coin Telegraph

Avalanche

The locked-token sale saw participation from more than 40 companies.

Layer-1 blockchain Avalanche announced the closure of a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital on Dec. 12.

More than 40 companies joined the token sale including SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective and others.

The raise comes ahead of the launch of the “Avalanche9000” network upgrade, purported to be the most significant upgrade in Avalanche’s history.

Bybit fully restores withdrawal system following biggest crypto hack of all time

Price analysis 12/11: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, TON, SHIB

December 11, 2024 Coin Telegraph

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Bitcoin’s rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.

Bitcoin (BTC) found support near $94,000 on Dec. 10, and the bulls made a solid recovery on Dec. 11. The price soared back above the psychologically crucial level of $100,000 after November’s inflation report met economists’ projections. According to the FedWatch Tool, the probability of a 25-basis point rate cut in the next meeting has risen to more than 96%. That could prove to be bullish for risky assets.

Bitwise investment chief Matt Hougan and research head Ryan Rasmussen said in a report that Bitcoin could cross $200,000 by the end of 2025. Along with Bitcoin, the duo is also bullish on Ether (ETH) and Solana (SOL), expecting them to rise to $7,000 and $750, respectively.

Crypto market data daily view. Source: Coin360

Bybit fully restores withdrawal system following biggest crypto hack of all time

Price analysis 12/9: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

December 9, 2024 Coin Telegraph

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Bitcoin’s failure to hold $100,000 could attract profit booking from traders. Which altcoins will follow BTC's downtrend?

Bitcoin (BTC) has pulled back near $98,000, indicating that the bears continue to fiercely defend the $100,000 level. CryptoQuant contributor Maartuun said in a post on X that long-term holders offloaded 827,783 Bitcoin since Nov. 8. He also highlighted several other signals in the thread, which suggest that Bitcoin may be close to a top.

However, there is no stopping MicroStrategy, one of the largest corporate holders of Bitcoin, which continues to build its stockpile. The firm said it bought 21,550 Bitcoin between Dec. 2–8 at an average price of $98,783. MicroStrategy co-founder and former CEO Michael Saylor told Yahoo Finance that he would be “buying the top forever.”

Daily cryptocurrency market performance. Source: Coin360

Bybit fully restores withdrawal system following biggest crypto hack of all time

Price analysis 12/6: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, TON, SHIB

December 6, 2024 Coin Telegraph

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Bitcoin price trades above $100,000 again, proving that every minor dip is being purchased.

Bitcoin (BTC) created a historic milestone on Dec. 5, as it reached the psychologically critical level of $100,000. The bears pulled the price back toward $90,000, but the bulls purchased the dip and have succeeded in driving the price above $100,000 on Dec. 6.

Has Bitcoin topped out in the short term, or is every dip still a buying opportunity? This is one of the burning questions in traders’ minds.

ARK Invest founder and CEO Cathie Wood said in a post on X that Bitcoin “is still in early innings” even after breaking out of $100,000. She added that her firm believes “Bitcoin is a much bigger idea than gold.”

Bybit fully restores withdrawal system following biggest crypto hack of all time

Ethereum, Avalanche and One Additional Altcoin Holding Supports and Gearing Up for More Moves: Rekt Capital

December 4, 2024 The Daily Hodl

Altcoins

A widely followed crypto analyst says that three prominent altcoins including Ethereum (ETH) look primed to skyrocket. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 519,200 followers on the social media platform X that if the second-largest crypto asset by market cap can maintain a key support level at $3,650, it […]

The post Ethereum, Avalanche and One Additional Altcoin Holding Supports and Gearing Up for More Moves: Rekt Capital appeared first on The Daily Hodl.

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