Bitcoin
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Crypto Market Update (Dec 26th, 2024): Bitcoin Holds Steady at $98k
The cryptocurrency market has experienced a modest downturn in the last 24 hours. The overall market capitalization has decreased by 0.79%, bringing it to a valuation of $3.4 trillion. This shift was accompanied by a substantial increase in trade volumes, which surged by 11.80% to a total of $118.37 billion. Despite these financial setbacks, market sentiment remains optimistic, as evidenced by the Fear & Greed Index maintaining its position in…
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Crypto Prices on December 26, 2024: Bitcoin Holds Steady at $98k
The cryptocurrency market is experiencing a slight dip, as evidenced by a 0.79% decline in its total market capitalization, now valued at $3.4 trillion. Despite this downturn, trading volumes have interestingly increased by 11.80%, reaching $118.37 billion. This fluctuation in the market has not dampened the overall sentiment, as the Fear & Greed Index continues to linger in the “Greed” zone with a score of 63, reflecting investor optimism. Bitcoin…
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Cryptocurrency
Crypto Update for December 25, 2024: Bitcoin Struggles to Reach $100k
The holiday season brings a wave of excitement to the crypto market, reflected in a notable increase in the industry’s market cap by 3.30%, reaching $3.43 trillion within just 24 hours. Despite this positive momentum, trading volume experienced a decline of 14.55%, settling at $134.08 billion. Interestingly, the Fear & Greed Index has shifted to a “Greed” score of 62, indicating a more optimistic market sentiment compared to the neutral…
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Cryptocurrency
Crypto Update for December 25, 2024: Bitcoin Struggles to Reach $100k
Current State of the Crypto Market The holiday season is sparking excitement across the crypto market, leading to a notable increase in the industry’s market cap, which has risen by 3.30% to reach $3.43 trillion within just 24 hours. Despite this impressive growth, the trading volume experienced a decline, dropping by 14.55% to $134.08 billion. Meanwhile, the Fear & Greed Index has shifted to reflect a “Greed” score of 62,…
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Cryptocurrency
XRP Surges 7% on Christmas Eve; Analysts Predict a Rally to $2.91, While BTC Climbs Back to $99K
XRP is currently experiencing a positive trend, trading at $2.34 with an impressive increase of over 7% on Christmas Eve. Market analysts are optimistic, predicting that XRP might be gearing up for a significant rally, potentially reaching its yearly high of $2.91. This anticipation follows the recent gains observed in the market. Potential for a Rally to Yearly Highs Renowned crypto analyst Javon Marks has highlighted that XRP’s 4-hour chart…
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Cryptocurrency
XRP Surges 7% on Christmas Eve; Analysts Predict Rise to $2.91 as Bitcoin Hits $99K
As we approach the end of the year, XRP is capturing attention with its recent market performance. Currently, XRP is trading at $2.34, marking a significant increase of over 7% on Christmas Eve. This upward momentum has sparked interest among analysts who foresee a potential rally towards its yearly high of $2.91. Analysts Highlight Bullish Indicators for XRP Crypto analyst Javon Marks has recently pointed out a notable trend on…
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Cryptocurrency
Can the Bitcoin Reserve Plan Be Halted by the Federal Reserve?
In a recent press conference following the monetary policy meeting, Federal Reserve Chair Jerome Powell made a significant announcement regarding the institution’s stance on Bitcoin. He firmly stated that the Federal Reserve has no intention of participating in any government initiative to acquire Bitcoin. Powell emphasized that decisions of this nature fall under the jurisdiction of Congress, and the Fed does not seek changes in legislation to permit Bitcoin holdings.…
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Cryptocurrency
Can the Federal Reserve Prevent the Implementation of the Bitcoin Reserve Strategy?
In a recent press conference following the monetary policy meeting, Federal Reserve Chair Jerome Powell emphasized that the Fed has no intention of participating in any government initiative to accumulate Bitcoin. He clearly stated that such decisions fall under the purview of Congress, and the Federal Reserve does not seek to alter existing legislation to permit Bitcoin holdings. This announcement had an immediate impact on the market, causing Bitcoin’s price…
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Cryptocurrency
Crypto Update for December 24, 2024: Bitcoin Valued at $93,000
Market Overview: Stability Returns The cryptocurrency market is regaining its footing after a turbulent period, with the total market capitalization now holding steady at an impressive $3.31 trillion. Despite a challenging intraday trading session that saw a 1.50% dip, bringing numbers to $150.08 billion, the overall market sentiment remains balanced. The Fear & Greed Index, currently at a neutral score of 55, underscores a stable mood among investors. Bitcoin Price…
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Cryptocurrency
Current Crypto Landscape (Dec 24, 2024): Bitcoin Valued at $93k
The cryptocurrency market is currently experiencing a period of stabilization following a challenging phase. The total market capitalization has established a strong position at $3.31 trillion. However, intraday trading saw a slight setback with a 1.50% decline, bringing the figures down to $150.08 billion. Despite these fluctuations, the Fear & Greed Index remains at a neutral level of 55, reflecting a balanced sentiment among investors. Bitcoin Price Analysis: A Dip…
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