Bitcoin’s X popularity grew 65% YoY in 2024
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I have not been following crypto news for a while now because there's just too much noise everywhere , esp (and sadly) due to endless crapcycle of memes. But what new projects have been launched this cycle (or developed since last cycle) that the community sees as being out of ordinary and deserving of attention…
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Banks wetting their eyes at Tether's profits. Tether: "Told You So" submitted by /u/WineMakerBg [link] [comments]
2024 has been colossal for bitcoin, and with just a handful of days left in the year, its dominance now stands at 56.8% of the $3.29 trillion crypto economy. Back in January, bitcoin held a lower 50.3% of the market, which was then valued at $1.65 trillion. Bitcoin’s Meteoric Rise in 2024 Leaves Ethereum and […]
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Bitcoin is navigating turbulent waters as its price continues to slide, searching for a stable support level amid growing uncertainty. The current downward momentum has sparked concerns among investors and analysts, with many questioning whether Bitcoin has reached its cycle top. Sentiment in the market has shifted dramatically, with fear replacing the once euphoric optimism that drove the cryptocurrency to recent highs. Related Reading: Chainlink Is Forming A Head-And-Shoulders Pattern – Confirmation Could Take LINK To $14 Despite the unease, crypto analyst Ali Martinez offers a more optimistic perspective on the situation. In a recent analysis shared on X, Martinez suggested that a 20% to 30% correction could actually be the most bullish outcome for Bitcoin at this stage. He highlights how such pullbacks have historically set the stage for stronger rallies by shaking out weaker hands and allowing the market to reset before resuming its upward trajectory. As Bitcoin’s price action teeters on the edge of a potential breakdown, all eyes are on the key support levels that could determine the next move. Will Bitcoin confirm the fears of a cycle top, or will a healthy correction provide the foundation for the next leg of its rally? The coming weeks will be crucial in shaping the narrative for the world’s leading cryptocurrency. Bitcoin Correction Looms Bitcoin appears on the verge of entering a critical correction phase, with the $92K level emerging as the line in the sand. Analysts and investors are increasingly concerned that a drop below this threshold—and potentially the $90K mark—could trigger a wave of selling pressure, driving the price into sub-$80K territory. The growing fear has cast a shadow over Bitcoin’s bullish narrative as many brace for potential downside risks. Related Reading: ONDO Faces 30% Correction Risk If It Loses $1.46 Support – Top Analyst However, not everyone sees this potential correction as bearish. Martinez offers a contrarian viewpoint, suggesting that a 20% to 30% correction could be the most bullish outcome for Bitcoin within the context of a bull trend. Martinez presented a compelling chart showcasing every Bitcoin correction exceeding 20% during past bull markets. His findings reveal that each of these corrections acted as a reset for the market, shaking out weaker hands and paving the way for stronger rallies. Martinez emphasizes that corrections are a natural and healthy component of Bitcoin’s price cycles, especially during bull runs. By allowing the market to recalibrate, they set the stage for sustained upward momentum. If Bitcoin does experience a significant pullback, it could be the precursor to a more robust and prolonged rally in the coming months. BTC Testing ‘The Last Line Of Defense’ Bitcoin is currently trading at $94,500, grappling with sustained selling pressure and bearish price action. The market sentiment has shifted significantly in recent days, with fears of a deeper retracement gaining traction among analysts and investors. Many believe that if Bitcoin loses the $92,000 mark, it could open the door for an accelerated decline. The $90,000 level is emerging as the critical support zone that Bitcoin must hold to maintain its bullish outlook. This level represents a psychological and technical barrier that could determine the cryptocurrency’s trajectory in the weeks ahead. If BTC manages to stay above $90K, analysts anticipate a strong recovery that could reignite bullish momentum and lead to a push toward previous highs. Related Reading: Ethereum Price Setting For a Big Move – Breakout Or Downturn? However, the stakes are high. A decisive break below the $90,000 level would likely exacerbate selling pressure, driving Bitcoin into deeper correction territory. In such a scenario, prices could fall as low as $75,000, marking a significant pullback from recent highs. Featured image from Dall-E, chart from TradingView
Meme coin ICOs are hot right now. Pepe Unchained recently provided 8x gains after holding the biggest ever meme coin presale, but one new project has broken all records and is next to launch. Wall Street Pepe ($WEPE) has raised $36 million in just three weeks, a figure that took Pepe Unchained four months to […]
Crypto debit cards allow users to spend their cryptocurrency holdings; they work by converting crypto into fiat currency at the point of sale.