The 50 EMA, a crucial technical level that serves as a solid support for bullish momentum, has been breached by Ethereum. The asset is at a turning point, and the sustainability of its bullish trend is called into question, as is its capacity to sustain its recent recovery.

When this level is lost, the market structure is weakened, and bears may take control. The RSI's declining momentum, which has further dipped into neutral territory, indicates less buying pressure, which is also consistent w

Kalshi users currently see a 70% chance of a Magnificent 7 company buying Bitcoin before the end of 2025.

As reported by U.Today, business intelligence firm MicroStrategy announced another significant Bitcoin purchase earlier today. Its total Bitcoin holdings currently stand at roughly $41 billion, which represents 2.1% of the cryptocurrency's entire supply. The company's shares have surged by nearly 500% this year.

Earlier this year, MicroStrategy managed to top several Magnificent 7 stocks,

According to data provided by CryptoQuant analyst JA Maartunn, XRP is the most traded alternative cryptocurrency on the Binance exchange this December.

The cryptocurrency has managed to generate more than $116.6 million in trading volume on the Binacne Futures market.

Over the past few days, both Bitcoin and altcoins experienced substantial price drops. However, the CryptoQuant analyst is convinced that the XRP token would be able to recover "relatively quickly."

Earlier today, the XRP price

The price of Bitcoin, the leading cryptocurrency by market capitalization, has slipped to an intraday low of $93,054.

According to Andrew Thrasher, portfolio manager for The Financial Enhancement Group, the leading cryptocurrency iscurrently testing the 50-day moving average (MA) on the daily chart.

Cryptocurrency analyst David Vallieres believes that the price of Bitcoin coud potentially re-test the breakout point of $73,600 if it breaks below the $92,600 level. "The probability of that happe

The year 2024 was a landmark year for crypto, with the approval of the Bitcoin spot ETFs in the U.S. and the subsequent introduction of Ethereum ETFs, as well as several cryptocurrencies, including Bitcoin, reaching new record highs.

Bitcoin has been on a tear in 2024, up 145% year to date and reaching a record high of $108,268 on Dec. 17. Other cryptocurrencies, such as Solana, BNB and PEPE, followed suit, reaching fresh all-time highs.

As Bitcoin and many other cryptocurrencies rose to new a

MicroStrategy, the business intelligence firm whose appetite for Bitcoin (BTC) remains insatiable, recently bought more BTC. The purchase, which cost the firm approximately $561 million for 5,262 BTC, was made at an average price of $106,662 per BTC.

Bitcoin’s price drop implications for MicroStrategy

Given recent developments in the broader cryptocurrency market, it is easy to tag this recent purchase a wrong move. Generally, the Bitcoin price is facing volatility as the leading digital asset

MicroStrategy is in the news again, with the company's latestBitcoin (BTC) purchase worth over half a billion dollars. With this latest purchase, the company now holds a whopping 444,262 BTC, which they have accumulated at a total cost of approximately $28 billion, with an average purchase price of $62,257 per BTC. This is the seventh Monday in a row that the company has bought Bitcoin.

ButPeter Schiff is not so sure about the strategy behind MicroStrategy's buying spree. He says they are runni

U.Today has prepared a summary of the top three news stories over the weekend.

SEC greenlights two crypto ETFs

According to Nate Geraci'sX post from Friday, Dec. 20, the U.S. Securities and Exchange Commission (SEC)has approved two Bitcoin/Ether combo exchange-traded funds (ETFs) proposed by Hashdex and Franklin Templeton. As stated in the approval order, these products are "substantially similar" to previously approved spot-based Bitcoin and Ethereum ETFs. Geraci wrote in a following post tha

Dog-themed cryptocurrency Dogecoin (DOGE) is marking a significant milestone in its history. Seven years ago, on Dec. 22, 2017, Dogecoin's market capitalization surpassed the $1 billion mark for the first time.

The Dogecoin Foundation took to X to commemorate this milestone in the cryptocurrency’s history — its market capitalization surpassing $1 billion, tweeting: "Seven years ago, on 2017-12-22, this happened," along with a screenshot highlighting this historic moment.

Seven years ago, on 20

Shibburn tracking platform spread the word about a substantial increase in the pace at which SHIB meme coins are being driven out of the circulating supply. Several million SHIB have been transferred to dead-end wallets.

The weekly burns are currently in the red, even though 10 times the amount of SHIB has been burned over the past seven days.

Meanwhile, the SHIB price has been moving sideways, regardless of the SHIB army succeeding in the token burn field this time.

Burn rate soars 936%

Dat

The long-defunct Mt. Gox exchange moved $49.3 million worth of Bitcoin earlier today.

A portion of this sum ($19 million) was distributed to two fresh wallets.

The trading platform, which went bankrupt back in early 2014, continues to hold roughly $3.45 billion in Bitcoin.

Asreported by U.Today, Mt. Gox also made several other transactions earlier this month.

The failed exchange caused a severe price drop in June after announcing that it was ready to start distributing assets that its client

Ethereum (ETH) has experienced price fluctuations within the last seven days as it struggles to climb back to the $4,000 level. Despite Ethereum’s obvious struggles, a rebound might be on the horizon for the leading altcoin.

Positive metrics point to market optimism

CryptoQuant, a leading on-chain data provider, highlighted some crucial metrics in apost on X that suggest a cautiously optimistic outlook for Ethereum. Notably, CryptoQuant pointed out four indices hinting at a possible positive f

Bloomberg’s chief commodity strategist Mike McGlone has taken to his account on the X social media network to reveal to the crypto community why the Bitcoin price has reversed and gone down way below not only its recent $108,268 all-time high but dropped even lower and is trading below $94,000 at the moment.

Has Bitcoin/Gold Peaked? Just a bit of normal reversion in stretched risk assets may be what peaking #Bitcoin / #gold is sniffing out, and the crypto is among the riskiest.That the S&P 500

The crypto world moves fast, but for some reason,Dogecoin (DOGE) is still on the sidelines of one of its most profitable advancements — exchange-traded funds.Nate Geraci, president of the ETF Store, is confused about why there is not a Dogecoin ETF yet. He thinks it is not just a missed financial opportunity, it is also a marketing misstep for people who are hesitant to embrace the popular meme coin.

A year ago, the first Bitcoin ETF was approved, which marked a new era for cryptocurrencies and

According to on-chain data, Cardano (ADA) is facing a significant challenge on its path to reclaiming the $1 mark, with a sell wall in its path. This sell wall, representing a substantial cluster of 4.3 billion ADA, could act as a key barrier for the cryptocurrency’s price recovery past $1.

According to IntoTheBlock's Global In/Out of the Money indicator, 4.3 billion ADA in total volume were bought in the range between $0.947 and $1.09, at an average price of $1.03.

The large cluster of 309,45

MicroStrategy has made headlines again by purchasing 5,262 BTC for approximately $561 million at an average price of $106,662 per BTC. The company now holds a staggering 444,262 BTC, accumulated at a total cost of approximately $27.7 billion, with an average purchase price of $62,257 per BTC.

Despite impressive returns of 47.4% since the beginning of the quarter and 73.7% since the beginning of the year, skepticism about the company's strategy is growing.

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It is believed that to sustain i

Bears have turned out to be more powerful than bulls at the beginning of the week, according to CoinStats.

DOGE/USD

The rate of DOGE has declined by 1.52% since yesterday.

Despite today's fall, the price of DOGE is trading sideways on the daily chart. As none of the sides is dominating, traders are unlikely to see sharp moves any time soon.

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In this regard, one may witness consolidation in the narrow range of $0.30-$0.33 within the next few days.

DOGE is trading at $0.3139 at press tim

Shiba Inu (SHIB) price is struggling to maintain an uptrend as Bitcoin remains stunted below the $100,000 mark. Shiba Inu's price is pegged at $0.00002172, down by 1.39% in 24 hours,per CoinMarketCap.

Current data shows mixed enthusiasm in the SHIB ecosystem, with trading volume nosediving by 21.39% andburn rate soaring by 404% overnight. Amid this uncertainty, a major sell wall presents an obstacle to SHIB’s growth.

Shiba Inu resistance to watch

According to data from IntoTheBlock, a total o

A new week has started with bears putting the pressure on, according to CoinMarketCap.

BTC/USD

The rate of Bitcoin (BTC) has dropped by 1.16% over the last day.

On the daily chart, bulls are trying to seize the initiative. However, it is too early to think about a reversal. Even if the candle closes in the green zone, there are low chances of a sharp upward move. Meanwhile, sideways trading in the area of $95,000-$98,000 is the most likely scenario.

Bitcoin is trading at $96,031 at press tim

XRP has recently found support around the 26 EMA, a significant level often acting as a pivot for market sentiment. The asset’s price has shown consolidation in this area, indicating a potential reversal or further downside if the level fails to hold. With the 26 EMA acting as a critical support zone, XRP investors are closely monitoring price action to gauge the next move.

Payment volume: XRP’s transaction volume spiked earlier in December but has since tapered off, suggesting declining networ