#ChristmasMarketAnalysis Over the past decade, the price of Bitcoin (BTC) on Christmas has seen several notable fluctuations. Here are some important price milestones on December 25 of each year: 2014: $318 2015: $430 2016: $900 2017: $14,302 2018: $4,021 2019: $7,266 2020: $23,760 2021: $50,888 2022: $16,849 2023: $43,254 These numbers show that Bitcoin has experienced strong bullish and bearish cycles over the past decade. In particular, after each halving event (the halving of the block reward), the price of Bitcoin often tends to rise significantly over the next 12 to 18 months. The closest halving event will occur in 2024, which is expected to positively impact the price of Bitcoin in the near future.
Currently, the price of Bitcoin is around $95,194. Some experts predict that the price of Bitcoin will reach $100,000 again by Christmas 2024, based on strong institutional interest and the momentum generated by the approval of Bitcoin ETFs.
📌The currency is witnessing a corrective decline and the price is moving within a descending sub-channel. We have previously mentioned this topic in the previous post.
📌The current situation must stabilize above the price of 200, which is currently a resistance area. It must stabilize above it to continue the rise. The 222 area must be broken and stabilized above it to try to reach 241 in the event of a breach of the descending sub-channel.
📌The other scenario is if the price is able to break the current support area at 182, it will retest the 161 area to continue the rise.
#BTCOutlook According to current analysis and influencing factors, Bitcoin's trend seems to continue to recover and may show improvement that supports the chance of price increases in the future. Always remind that cryptocurrency investments carry risks, and investors should be careful and rely on their own studies and market analysis before making investment decisions.
#BTCoutlook Bitcoin Overview ($BTC ) – December 2024 Bitcoin continues to maintain its position as the largest cryptocurrency, with a strong performance in 2024. Here is a breakdown of its current status and future prospects: --- Current Market Overview Price: ~$96,470 Market Cap: ~$1.91 Trillion 24-hour Volume: ~$50.15 Billion Circulating Supply: 19.80 Million $BTC (close to the maximum of 21 Million). YTD Growth: +119% increase in value. --- Key Performance Drivers of Bitcoin 1. Institutional Interest: Investors and large centers have increased their Bitcoin holdings, contributing to price stability and growth. Bitcoin ETFs have gained global momentum, attracting traditional investors. 2. Scarcity: With only about 2.2 million $BTC left to be mined, scarcity plays a major role in driving demand. The 2024 Bitcoin halving event (scheduled for around April) is expected to reduce mining rewards, potentially boosting the price. 3. Macroeconomic factors: Concerns over inflation and currency devaluation have pushed investors towards Bitcoin as a hedge. Regulatory clarity in major markets has helped improve sentiment.
📢What does the launch of the mainnet mean for Pay Network users?
Pi Network, the decentralized cryptocurrency project that has garnered significant attention since its inception in 2019, is now preparing for the highly anticipated launch of its mainnet.
What is the main network of the Pi network?
Pi Network is a cryptocurrency project that aims to make cryptocurrencies accessible by allowing users to mine Pi coins (PI) using mobile devices. The mainnet is the live blockchain environment where transactions are recorded and verified. Prior to this, Pi Network operated on a testnet, which was used for internal development and testing. The transition to the mainnet marks the emergence of Pi as a fully functional cryptocurrency, with real-world applications for transactions, investments, and decentralized applications (dApps).
Mo Sheikh has announced that he is stepping down as CEO of Aptos Labs, and will be succeeded by Avery.
• Mo Sheikh aims to start a new chapter while continuing to support the company as a strategic advisor.
• He expressed his pride in the achievements of Aptos, which has become one of the strongest blockchain ecosystems, supported by global partnerships and an innovative community.
• He will take time to reflect on the future of financial systems and push Aptos towards further excellence as a layer one blockchain platform
Expectations:
• Short-term: The price of the coin may see some volatility due to investor concern.
• Long-term: If Aptos Labs continues to execute on its plans with strong leadership, the negative impact will be limited
Current situation: Given the strength of the Aptos ecosystem, and its strong partnerships with global companies such as Google and Mastercard, the project is likely to maintain its stability.
Founder role after stepping down: The fact that Mo Sheikh will remain as a strategic advisor to the company sends a positive signal that he is still supportive of the project. $APT
#MarketPullback 📉 Market Pullback in Cryptocurrencies: Is it an opportunity or a threat? The cryptocurrency market has recently witnessed a significant decline in prices after large upward waves. This phenomenon, known as Market Pullback, is a natural part of the dynamics of financial markets, especially the cryptocurrency market known for its high volatility. 💡 Is it a threat or an opportunity?
If the decline continues for long periods and leads to a break of major support levels, this may indicate a weakness in the general trend. It is an opportunity for investors who trust in the future of cryptocurrencies, as pullbacks are considered a golden opportunity to enter at low price levels. ✨ In conclusion: Remember that pullbacks are a natural part of the market cycle, and do not mean the end of the upward trend. With good planning and risk management, these pullbacks can turn into profitable investment opportunities. Do you see the current pullback as a buying opportunity or a cause for concern? #Shareyour opinion in the comments! 💬
Lawsuit regarding $XRP : US Court of Appeals Announces Timeline for Ripple XRP Lawsuit: US Court of Appeals Announces Dates for Opening Brief and Reply Brief Filed by Ripple and Brad Garlinghouse in Long-Running $The US Court of Appeals has announced additional dates for the XRP lawsuit, according to a notice of appeal in the district court. Notably, the opening brief will be filed on March 6 of next year, while Ripple Labs, XRP II, and CEO Brad Garlinghouse will file their response to the appellant’s main brief by April 7, 2025. Meanwhile, the SEC is preparing to file its main brief before its Chairman Gary Gensler steps down as chair. US Court of Appeals Sets Dates for Ripple XRP Lawsuit The US Court of Appeals for the Ninth Circuit has confirmed receipt of the notice of appeal and assigned a docket number to Ripple’s lawsuit. The appeals court has asked the parties to file any requests for relief with this court separately. District Court Rules in Favor of Ripple As previously noted, lead plaintiff Bradley Szostak appealed the recent rulings in favor of Ripple Labs, XRP II, and CEO Brad Garlinghouse. Judge Phyllis Hamilton granted a motion to modify the order of judgment and stay the XRP lawsuit.The parties have filed a proposed order with the court, agreeing that there is no reason to delay the ruling. Meanwhile, the focus is on Ripple’s lawsuit against the Securities and Exchange Commission (SEC) in the Second Circuit Court of Appeals. Ripple executives and the crypto community are confident that the lawsuit will be dismissed or withdrawn. However, some have raised concerns that Gary Gensler could create problems by stepping down on January 20, five days after the original shortened deadline.
VeChain (VET) and VeThor Token (VTHO) Part of the VeChainThor ecosystem, VET is used as the primary token for transferring value, while VTHO is used to pay transaction costs and execute smart contracts on the network. VeChain (VET) Analysis and Predictions: According to Cryptopolitan's forecast, the VET price in 2024 may reach a minimum of $0.0602, with a possible maximum of $0.15, with an average of around $0.14.
$BTC Important advice These days we are witnessing a noticeable decline in all digital currency prices and many wallets have been completely decrypted, resulting in losses of thousands 💸💸💸 If you are a professional trader, this fluctuation will not affect you, even if it is a severe fluctuation, because you know that this is the nature of the digital currency market and that it is a market that fluctuates between decline and rise, and thus between profit and loss.
Important advice These days we are witnessing a noticeable decline in all digital currency prices and many wallets have been completely decrypted, resulting in losses of thousands 💸💸💸 If you are a professional trader, this fluctuation will not affect you, even if it is a severe fluctuation, because you know that this is the nature of the digital currency market and that it is a market that fluctuates between decline and rise, and thus between profit and loss.
Market Correction: Its Concept and Impact on the Cryptocurrency Market
A market correction in the cryptocurrency world is a natural event that occurs when cryptocurrency prices fall by 10% to 20% from their peak. Although the cryptocurrency market is highly volatile, corrections are necessary to rebalance and avoid the formation of price bubbles that could lead to larger collapses.
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Simon’s Cat is a digital currency inspired by the popular British animated series created by Simon Tofield, which began in 2008 and has garnered over 1.6 billion views on its official YouTube channel, in addition to millions of followers across various social media platforms. This coin aims to integrate the beloved brand into the world of Web 3, providing fans with new ways to interact with content and participate in the digital community.
• Goal: The project aims to create a fan-driven Web 3 community, where they can interact with the brand in innovative ways, such as interactive games, earning rewards, and exclusive access to special events and content.
• Collaboration: The coin was launched with the support of Floki, a leading Web 3 ecosystem, and was pre-sold exclusively on the TokenFi platform.
• Charitable contributions: Part of the project’s vision includes contributing to initiatives aimed at feeding and saving cats worldwide, reflecting the brand’s connection to the world of cats and their well-being.