Bitcoin

Analyst Who Predicted Bitcoin Pre-Halving Correction Outlines Worst-Case Scenario for BTC – Here’s His Outlook

December 20, 2024 The Daily Hodl

Bitcoin

An analyst who nailed Bitcoin’s pre-halving correction this year is laying out a worst-case scenario as BTC dips to $97,000. The analyst pseudonymously known as Rekt Capital tells his 102,000 YouTube subscribers that Bitcoin is technically in a parabolic uptrend but could decline further based on historic precedence. “We tend to see upside, but not […]

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Bitcoin Dip Hits Altcoins Hard With ETH Down by 18%, XRP Down by 21% and SOL Down by 20%

December 20, 2024 Bitcoin.com

Altcoins

Bitcoin’s price correction dragged major altcoins with it with the global crypto market cap decreasing by 9.53%. Major Altcoins Follow BTC Dip Bitcoin‘s price correction extended into Friday, Dec. 20, as the number one crypto continued to shed its recent gains. Over the past 48 hours, BTC has dipped by over 13%, dropping from an […]

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A Crypto First: Hybrid Spot Bitcoin-Ethereum ETFs From Hashdex and Franklin Templeton Approved by SEC

December 20, 2024 Bitcoin.com

Bitcoin

The U.S. Securities and Exchange Commission (SEC) has given the green light to two cryptocurrency index exchange-traded funds (ETFs) from Hashdex and Franklin Templeton, heralding a new era for regulated crypto investments. SEC’s Approval Unleashes New Crypto ETFs These ETFs blend exposure to both spot-based bitcoin (BTC) and ethereum (ETH), providing investors with a mix […]

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Bitcoin Drops to $92,118 as Crypto Economy Shrinks by Nearly 12%

December 20, 2024 Bitcoin.com

Bitcoin

Bitcoin (BTC) plunged over 9% on Friday to a 24-hour low of $92,118 at 6:30 a.m. Eastern Time. Bitcoin’s Sharp Decline Leads $1.4 Billion in Derivatives Liquidations This crash marks one of the most dramatic dips for the cryptocurrency this month. The wider crypto scene didn’t fare much better, shrinking by 11.94% to a total […]

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Trader Michaël van de Poppe Says Bitcoin Could Surge Another 400% in the Ongoing Bull Run – Here’s His Timeline

December 20, 2024 The Daily Hodl

Bitcoin

A closely followed crypto analyst says that Bitcoin (BTC) remains in a bullish trend and could explode by more than 400% despite dipping below $100,000 this week. In a new strategy session, crypto trader Michaël van de Poppe tells his 754,000 followers on the social media platform X that Bitcoin could ultimately hit $500,000 in […]

The post Trader Michaël van de Poppe Says Bitcoin Could Surge Another 400% in the Ongoing Bull Run – Here’s His Timeline appeared first on The Daily Hodl.

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Turmoil: Blackrock’s Bitcoin Video Raises Questions About the 21 Million Hard Cap

December 20, 2024 Bitcoin.com

Bitcoin

Blackrock’s recently posted video explaining the basics of bitcoin to investors has raised questions about the staying power of the so-called hard cap issuance limit. In the video, Blackrock explains that there is “no guarantee” that the 21 million supply cap will not be changed, opening a debate on the ossification of the top cryptocurrency. […]

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Analyst Says Altcoin That’s Rallied Over 21,000% Year-to-Date at a ‘Do-or-Die’ Level, Updates Outlook on Bitcoin

December 20, 2024 The Daily Hodl

Altcoins

A widely followed cryptocurrency analyst and trader is saying that an altcoin in the Solana (SOL) ecosystem is at a critical juncture. The analyst pseudonymously known as Sherpa tells his 234,700 followers on the social media platform X that the memecoin Popcat (POPCAT) is at a “do-or-die” level. Based on Sherpa’s POPCAT chart, it appears […]

The post Analyst Says Altcoin That’s Rallied Over 21,000% Year-to-Date at a ‘Do-or-Die’ Level, Updates Outlook on Bitcoin appeared first on The Daily Hodl.

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Hybrid L2 BOB Leverages Babylon for Bitcoin Finality

December 20, 2024 Bitcoin.com

Bitcoin

Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain combining Bitcoin and Ethereum’s features, has integrated with Babylon, a bitcoin (BTC) staking protocol, to achieve Bitcoin-Secured Network (BSN) status. Babylon Collaboration Expands BOB’s Bitcoin Defi Ecosystem According to BOB’s announcement shared with Bitcoin.com News, the partnership marks a significant development in BOB’s roadmap, enhancing […]

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Bankrupt Cryptopia exchange distributes $225M to hack victims

December 20, 2024 Coin Telegraph

Bankrupt Cryptopia exchange distributes 5M to hack victims

Bankruptcy

Initially owing creditors $4.2 million, Cryptopia’s liquidator Grant Thornton has distributed at least $225 million in crypto to hack victims in December.

Liquidators of the bankrupt cryptocurrency exchange Cryptopia have started distributing millions to users affected by a hack that took place almost six years ago.

Cryptopia’s liquidating firm, Grant Thornton, on Dec. 20 announced the start of distributions to more than 10,000 verified account holders affected by Cryptopia’s hack in 2019.

Over the past two days, verified account holders of Bitcoin (BTC) and Dogecoin (DOGE) received crypto distributions worth at least 400 million New Zealand dollars ($225 million), the liquidator said.

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El Salvador buys 11 BTC only a day after reaching a deal with IMF

December 20, 2024 Coin Telegraph

Bitcoin

El Salvador purchased 11 Bitcoin a day after reaching a $1.4 million IMF loan deal that called for a reduction in public sector engagement in “Bitcoin-related economic activities.”

El Salvador bought $1 million worth of Bitcoin a day after striking a $1.4 billion deal with the International Monetary Fund that stipulated limits on dealing with the cryptocurrency.

The country’s National Bitcoin Office wrote in a Dec. 19 X post that it had “transferred over a million dollars worth of Bitcoin to our Strategic Bitcoin Reserve,” with its website showing it had added 11 Bitcoin (BTC) to its holdings.

The move broke its streak of adding “one Bitcoin per day” that President Nayib Bukele announced in November 2022 and brought the country’s holdings to 5,980.77 BTC, worth about $580 million with BTC trading at around $97,000.

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