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Crypto headed for ‘Banana Singularity’ where everything goes up: Analyst

Real Vision CEO Raoul Pal says the next phase will be an altcoin season “when everything goes up," followed by a bigger consolidation.

Crypto markets are in the “Banana Zone” and heading into a “Banana Singularity,” or a period “when everything goes up,” according to Real Vision co-founder and CEO Raoul Pal.

The “Banana Zone” is a term coined by Pal to describe a period of significant upward price movement.

“Yes, we are still in the Banana Zone,” macro investor Raoul Pal said on X on Jan. 10, before adding that the first phase of this bull market was the breakout in November last year. 

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Tether USDT’s market cap drop linked to ‘seasonal holiday lull’

Tether USDt’s trading has fallen $100 billion since mid-December, but it “may be premature to turn bearish,” according to Matrixport.

A recent multibillion-dollar decline in Tether USDt’s market capitalization and volumes is not enough to suggest a bearish turn on markets, according to the crypto financial services platform Matrixport.

Tether’s USDt (USDT) stablecoin has recorded a 2.8% market cap drop since peaking at $141 billion on Dec. 19, 2024, according to data from CoinGecko.

USDT trading has also seen a massive decline in the past few weeks, with daily volumes plummeting 64% from around $154 billion in mid-December to $55 billion on Jan. 6, 2025.

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Memecoins lose momentum as $40B lost in December

Memecoins surged to as high as $137 billion in December before falling to as low as $92 billion in the same month. The memecoin market lost over $40 billion in December, with traders witnessing massive volatility and shifting opportunities.

Memecoin’s overall market capitalization dropped by about 30% in December, showing a slowdown in momentum and demand for meme-based tokens. 

CoinMarketCap data shows that on Dec. 1, the total market cap for memecoins was $120.14 billion. It went up to as high as $137.06 billion on Dec. 9 before plummeting to a low of $92.67 billion on Dec. 23. This marks a 32.38% decrease in market capitalization within the month. 

Meme tokens’ overall market capitalization. Source: CoinMarketCap

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Top Analyst Says Things Could Get Crazy for Altcoins Once Key Resistance Zone Is Broken – But There’s a Catch

Top Analyst Says Things Could Get Crazy for Altcoins Once Key Resistance Zone Is Broken – But There’s a Catch

A widely followed analyst is turning bullish on altcoins as the total cryptocurrency market capitalization hovers above $3 trillion. The analyst pseudonymously known as Pentoshi tells his 811,300 followers on the social media platform X that once TOTAL3 (the total crypto market cap excluding Bitcoin and Ethereum) rises above approximately $790 billion, things could “get […]

The post Top Analyst Says Things Could Get Crazy for Altcoins Once Key Resistance Zone Is Broken – But There’s a Catch appeared first on The Daily Hodl.

Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Tokenized US Treasuries Climb by $210M Since Crossing the $2 Billion Mark

Tokenized US Treasuries Climb by 0M Since Crossing the  Billion MarkSince surpassing the $2 billion milestone in tokenized U.S. Treasuries at the end of August, the sector has added another $210 million. The Blackrock USD Institutional Digital Liquidity Fund (BUIDL) still holds the top spot with a market cap of $531.88 million, reflecting a 3.32% rise over the last 30 days. Meanwhile, the Hashnote Short […]

Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn

Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market DownturnBitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on […]

Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

TON-Based Hamster Kombat Token Plummets 42% in 3 Days

TON-Based Hamster Kombat Token Plummets 42% in 3 DaysOn Sunday, Sept. 29, 2024, market data revealed that the TON-powered crypto asset, hamster kombat (HMSTR), experienced a 14% drop against the U.S. dollar over the last day, just three days after its market debut. Initially trading at $0.009993 per token when it first hit major exchanges, HMSTR has since lost over 42% of its […]

Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Spot Bitcoin and Ether ETFs Record Second Day of Inflows, Leading to Gains

Spot Bitcoin and Ether ETFs Record Second Day of Inflows, Leading to GainsThe spot bitcoin and ether exchange-traded funds (ETFs) experienced a second consecutive day of inflows, as both categories of funds posted gains. On Friday, spot bitcoin ETFs drew in $92 million, while spot ether ETFs collected $2.87 million. Spot Bitcoin ETFs Add $92M as Ether ETFs Navigate Mixed Market Publicly listed, physically settled bitcoin and […]

Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Bitcoin Rockets to $63.8K: $6.36B in BTC Pulled From Exchanges in 30 Days

Bitcoin Rockets to .8K: .36B in BTC Pulled From Exchanges in 30 DaysOn Thursday, bitcoin (BTC) soared to a peak of $63,882, marking a 7.8% increase against the U.S. dollar over the past month. During this same period, approximately $6.36 billion worth of BTC was pulled from crypto exchanges, hitting levels not seen since early November 2018. More Than 100,000 Bitcoin Removed From Digital Currency Trading Platforms […]

Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps AheadCurrent stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth largest spot. Stablecoin Shakeup: USDE Slips to 5th, FDUSD Rises to […]

Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024