Well, as of December 2024, the cryptocurrency market is in deep volatility and a bearish trend affecting a lot of things such as, recent rising Treasury yields in the United States and the Federal Reserve policy announcement on December 18 which contributed to a $500 billion drop in total market capitalization. Bitcoin, which trades at less than $100,000, has fallen by 8.3% the last week, and other large cryptocurrencies such as Ethereum and XRP have also lost ground. In years past, the Christmas holiday season has been hit and miss as far as cryptocurrency's performance, soaring during bullish cycles and tanking during bearish markets.
Lower trading volumes on holiday are amplifying market volatility as Bitcoin futures are currently hovering around a critical range of $92,000 to $98,000. Bearish investor sentiment is reflected in profit-taking that has led to a wider-market decline of 14% from its all-time high.
Positive factors such as the potential for a post-Christmas rally, Trump’s crypto-friendly presidency, and Bitcoin spot ETF approvals all lend cause for optimism of a recovery. Despite several hurdles, these could undergird near-term strength for Bitcoin above $90,000.
#BTCOutlook $BTC Bitcoin (BTC) price prediction coverage for December 2024: bullish highs & volatility Price prediction models indicate that BTC may reach to $110,000 in December 2024, with high of $106,542 and low of $82,771.
Others anticipate the bull run to last until 2025 with potential price points around $200,000. But it also warns of a major bearish impact in 2025 that could bring the price back down to $65,000-68,000.
2024's halving event will create increased scarcity and push the price higher, leading to a general uptrend[1]. It has to be stood because of the excessive volatility of the crypto marketplace, though, traders need to guard condition.
How to Earn $10–$30 Daily on Binance Without Any Investment 💰
How to Make $10–$30 Daily on Binance Without Any Investment 💰
Binance, the world’s largest cryptocurrency exchange, offers numerous ways to earn without requiring any initial investment. You can start earning $10–$30 per day on the platform, and here’s how:
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2. Participate in Binance Learn & Earn 📚💎 Get rewarded for learning about cryptocurrency with Binance's Learn & Earn program.
Watch Educational Content: Learn about blockchain and crypto projects.
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Repeat for Profit: Use the crypto earned through other methods to start trading.
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Stay Consistent 🕰️ These methods won’t make you rich overnight, but they can consistently help you earn $10–$30 daily with no upfront investment. Persistence and dedication are crucial in building a risk-free income stream on Binance. Start today and move toward financial independence!
Disclaimer: Cryptocurrency involves market risks. Earnings depend on your efforts, participation, and market conditions. Always conduct your own research before engaging.
#BTCNextMove $BTC $ETH $XRP While Bitcoin might as well have dropped down from the goddamn sky; Litecoin, on the other hand, is more of a chemical reaction.
MARKET WRAP: Cryptocurrency market overview (23.12.2024)As of 22nd December 2024, the crypto market is undergoing significant changes:
Market Performance
Ethereum (ETH): $3,321.11 (down 4.18% past 24 hours)
BNB (BNB): Currently $657.97, down from 3.54% the past 24 hours.
XRP (XRP): Currently priced at $2.21, down 3.49% in the last 24 hours.
Cardano (ADA): $0.89 (-6.20% in 24 hours).
Regulatory Developments
4 Hong Kong's Expansion: The Securities and Futures Commission has approved four more cryptocurrency exchanges, making the total seven. It is a bid to make Hong Kong a global trading hub for digital assets.
Security Concerns
More on Crypto Hacks: Losses due to cryptocurrency hacks have increased in 2024, totaling $2.2 billion, a jump of 21%. Among them, hackers tied to the North managed to steal $1.3 million in funds which were used to finance missile and nuclear programs.
Legal Proceedings
Craig Wright Found in Contempt: The UK's High Court has found Australian computer scientist Craig Wright to be in contempt of court for breaching a court order regarding proceedings in the UK relating to Bitcoin legal actions, after he falsely claimed to be the creator of Bitcoin. He was handed a 12-month prison sentence but that was suspended.
Market Sentiment
The crypto sector remains an unstable one, shaped by shifts in regulation, security challenges, and legal issues. Investors should be aware and tread carefully in these conditions.
$BNB There are a lot of reasons why BNB (Binance Coin) is one of the coins that is likely to continue shining as the crypto market of October 2023 continues and they are as follows. This has resulted in a high degree of confidence among investors in the versatility of BNB, which is employed extensively across a range of institutional applications within the Binance ecosystem - including discounted trading fees, token sale participation, lending, and governance, which has driven up prices substantially and achieved new all-time highs.
In relation to this, macro trends in the crypto market such as the upcoming Bitcoin halving and greater institutional interest, particularly in Ethereum, are having a positive effect on sentiment, which feeds positively into BNB. Its long-term value is also secured through the token's deflationary model, with regular burning of BNB tokens from its wealth towards a total supply of100 million BNB tokens from an initial supply of 200 million.
Gen's outlook is buoyed by BNB's strong ecosystem, speculative interest and favorable regulatory environment — especially in the U.S. BNB is expected to stay strong in 2024 with the forecast of hitting $1041 maximum by the end along with the massive long-term growth; hence, it is still among the top listed Altcoins as coinmarketcap states, BNB value is moving upward сoncerning the robust ecosystem and the changing crypto market.
The crypto market is always volatile, and looking at the date, it will continue to be the case in 2024, and still Bitcoin is the talk of the town. As institutional interest grows and regulatory clarity increases, the next move for Bitcoin may depend on macroeconomic conditions. Its trajectory could be heavily shaped by the Federal Reserve’s monetary policy, inflation dynamics and global adoption. From a technical perspective, Bitcoin has remained strong above critical support, fueling optimism among investors. But also resistance at these psychological levels, like $40,000, indicates cautious optimism. The approval of spot Bitcoin ETFs could well cause a bull run. On the other hand, negative news or regulatory crackdowns could stymie momentum. As such, Bitcoin's trajectory will mirror both market sentiment and external influences.
As of December 16, 2024, Bitcoin has once again made history by breaking out to new all-time highs. Here are the key points you need to know:
- **Record Highs:** Bitcoin has surged past $106,000, marking a new all-time high after a period of consolidation[1][3][4]. - **Market Cap Milestone:** With this surge, Bitcoin's market cap has exceeded $2 trillion, making it the 7th largest asset in the world, closely trailing giants like Amazon and Google[3]. - **Investor Interest:** Net inflows into spot ETFs for Bitcoin remain strong, indicating sustained investor interest and confidence in the cryptocurrency[1]. - **Policy Impact:** The recent rally has been partly driven by crypto-friendly policy promises following significant political developments, such as former President Donald Trump's reelection[4]. - **Future Outlook:** Analysts are optimistic about Bitcoin's potential, predicting it could reach $150,000 or more in the coming months, with a strong first quarter of 2025 anticipated for the crypto market as a whole[5].
### Key Takeaways: - **Volatility Reminder:** While the current trend is bullish, it's crucial to remember Bitcoin's history of volatility. Financial advisors recommend maintaining a disciplined strategy and limiting crypto exposure to 5% of your portfolio[4]. - **Market Sentiment:** Despite some recent erosion of gains due to weak sentiment in Asia and Europe, Bitcoin remains above $104,000, reflecting its robust market position[1].
### Stay Informed: Follow us for the latest updates, market insights, and trading tips to navigate the dynamic world of cryptocurrencies.
As the world's largest crypto exchange by trading volume, Binance is at the forefront of the latest trends and innovations in the cryptocurrency space. With over 350 cryptocurrencies listed and thousands of trading pairs, we are your gateway to the exciting world of digital assets.
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🔥 **MarketNewHype** is here, and Binance is leading the charge. Whether you're a seasoned trader or just starting your crypto journey, now is the perfect time to dive in and be a part of this exciting movement.
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