As a seasoned cryptocurrency investor with years of experience navigating the turbulent seas of digital assets, I must say that the current market trends are as fascinating as they are challenging. The constant ebb and flow of prices, the relentless pursuit of new technological innovations, and the ever-evolving regulatory landscape make for an exciting, albeit nerve-wracking, ride.
Ethereum (ETH) has always been a coin close to my heart due to its smart contract capabilities and its potential to revolutionize industries. The recent rise in ETH price is certainly a promising sign for the future of this versatile cryptocurrency. However, I must caution fellow investors not to get carried away by short-term gains. Cryptocurrencies are known for their unpredictable nature, and it’s essential to maintain a long-term perspective when investing in digital assets.
Speaking of long-term perspectives, did you hear the one about the investor who bought Bitcoin at $10,000? He waited patiently for years, and then sold when it hit $20,000… only to repurchase it immediately after because he thought it would reach $50,000! Now that’s what I call a rollercoaster ride!
In closing, remember to always do your research, diversify your portfolio, and never invest more than you can afford to lose. The world of cryptocurrency is full of opportunities, but it’s also important to approach it with caution and a sense of humor. Happy investing!
It appears that Bitcoin (BTC) is projected to conclude 2024 with a value below $100,000, unless a substantial price increase takes place before the year’s end. Over the weekend, the cryptocurrency mostly stayed slightly above $95,000. However, it experienced a significant drop late on Sunday evening, reaching a low of $92,942 around early Monday morning, before rebounding to its current level of $93,690 – a decrease of nearly 1.50% in the past 24 hours.
Various other digital currencies such as Ethereum, Ripple, Solana, Dogecoin, Toncoin, Cardano, Polkadot, Stellar, and Litecoin experienced significant decreases in value.
What To Expect In 2025
2024 saw a remarkable surge for Bitcoin (BTC) and the cryptocurrency market, with experts, investors, and establishments anticipating more growth and price hikes in 2025. The year began on an upward trend for BTC due to the approval of spot Bitcoin ETFs, which fueled interest in the asset. Subsequently, the Bitcoin halving occurred, reducing the number of BTC given to miners, thus causing a supply-demand imbalance that pushed prices upwards. The election of Donald Trump in November served as the boost needed for BTC to breach the $100,000 barrier for the first time.
Trump’s election win is being regarded as a potentially transformative event for the cryptocurrency sector, with the incoming President expressing plans such as establishing a strategic Bitcoin reserve during his campaign, and selecting Paul Atkins, who holds pro-cryptocurrency views, for the SEC Chair position. Nevertheless, the markets are adopting a cautious approach, choosing to observe developments closely. Delphi Ventures’ General Counsel, Sarag Brennan, stated…
Trump’s viewpoint on Decentralized Finance (DeFi) and cryptocurrency appears somewhat unpredictable. Although he shows curiosity about this field, it seems that most of his attention is directed towards promoting the strength of the U.S. dollar and real estate-related uses.
As a seasoned investor with over two decades of experience in the financial markets, I have witnessed numerous market cycles and trends. In my view, the recent surge in Bitcoin (BTC) has been nothing short of remarkable. Analysts predict that the world’s largest cryptocurrency could reach anywhere between $180,000 and $200,000, and I am inclined to believe this may be a realistic prediction based on its current momentum.
However, it is important to remember that past performance is not always indicative of future results, and there are always risks involved in any investment. The Federal Reserve’s stance towards BTC could have a significant impact on its price movement, as they have stated that they are not allowed to hold BTC. This could potentially lead to a market correction or even a crash if the Fed were to take aggressive action against it.
That being said, I believe that demand for BTC is only going to increase as we approach its 21 million limit. With increasing adoption and institutional interest, it is possible that we are witnessing a “supercycle” in the making. As always, it is crucial to do thorough research and make informed decisions when investing in any asset, including Bitcoin.
Is it possible that Bitcoin’s surge will influence other cryptocurrencies as well? Some analysts and market observers believe that friendlier regulations may be on the horizon, which could lead institutions to apply for Exchange-Traded Funds (ETFs) tied to significant altcoins such as XRP. This suggests that the market might be preparing to move beyond Bitcoin and Ethereum.
VC Funding To Be Stronger In 2025
Robert Le, a PitchBook analyst, predicts that venture capital funding will be notably robust in the year 2025 compared to the previous year, 2024. In 2023, the crypto market faced numerous challenges due to various factors such as the demise of FTX, which resulted in a loss of investor trust and increased interest rates. Nevertheless, the beginning of 2024 showed promise, with markets regaining momentum after the debut of spot Bitcoin ETFs.
“Over eighteen billion dollars, or more, is projected to be allocated as venture capital for cryptocurrency. This represents a half-growth compared to 2024, but it remains lower than the approximately thirty billion dollars invested in both 2021 and 2022.”
Bitcoin (BTC) Price Analysis
After reaching a new peak of $108,268, Bitcoin (BTC) has experienced a downturn, falling below $100,000 and struggling to regain its upward momentum. Despite several attempts, BTC was unable to reclaim the $100,000 mark, dipping down to $95,303 on Sunday. The price dropped lower on Friday, reaching an intraday low of $92,072, but recovered slightly to close at $98,124 over the weekend. However, the overall trend remains bearish.
Last week, Bitcoin started off in the negative, dipping slightly below $95,000 to reach $94,830. But it bounced back strongly on Tuesday, increasing more than 4% to hit $98,677. Buyers held their ground on Wednesday, causing BTC to rise by 0.74% to finish at $99,409. However, it failed to surpass the $100,000 mark as sellers regained control, pushing BTC down nearly 4% on Thursday to $95,691. Buyers tried to regain control and prevent a drop below $95,000, but they were not successful. As a result, BTC fell by 1.52% and ended at $94,241.
The initial part of the weekend found Bitcoin experiencing a rebound, growing by 0.89% to reach $95,077. Yet, this growth was fleeting since Bitcoin switched back to a negative trend on Sunday, plummeting nearly 2% to settle at $93,475. Presently, the market shows Bitcoin slightly decreasing as sellers aim to push it down to around $90,000. If sellers continue their dominance, Bitcoin might dip further to $90,000 before recovering. Conversely, if buyers regain control, Bitcoin will try to recoup its losses and aim for the $95,000 mark again, potentially moving towards the $100,000 milestone.
Ethereum (ETH) Price Analysis
Currently, Ethereum (ETH) is moving horizontally, hovering just under the $3,500 mark due to its difficulty in gathering pace and recouping previous losses. On Wednesday (December 18), ETH dipped beneath its 20-day Simple Moving Average (SMA). This downward trend continued on Thursday, with the price sliding to $3,415. Sellers forced ETH down to an intraday low of $3,096 on Friday as selling pressure intensified. However, it managed to recover from this level, recording a 1.62% increase and closing at $3,470. Yet, ETH slipped below its 50-day SMA on Saturday, ending the day at $3,337. Sellers maintained control over Sunday as ETH dropped by nearly 2%, reaching $3,279.
On Monday, market participants returned, with Ethereum experiencing a 4.27% growth and reaching $3,419. It surpassed the 50-day Simple Moving Average (SMA) on Tuesday following a 2.11% rise, closing at $3,491. However, it only saw minimal advancement on Wednesday due to robust resistance near $3,500. Ethereum found itself in negative territory again on Thursday, dropping nearly 5% to hit $3,333. Buyers made an attempt to recover on Friday, pushing Ethereum to a daily high of $3,438; however, momentum waned, resulting in a slight increase for Ethereum to end the day at $3,331.
To begin the weekend, ETH experienced a growth of 2.14%, reaching $3,402 on Saturday. However, it reversed course on Sunday, experiencing a decrease of 1.46% to hit $3,352. At present, ETH is showing a slight increase of more than 1%, trading near the $3,400 mark. If buyers maintain control, we might witness ETH trying to break through towards $3,500.
Solana (SOL) Price Analysis
Currently, Solana (SOL) is facing challenges in regaining the $200 mark due to strong selling pressure at that point. On Thursday (December 19), SOL dipped below $200 and reached $193. The sellers maintained control on Friday as SOL dropped to a daily low of $175 before recovering slightly to close at $194. However, bearish feelings resurfaced on Saturday, pushing SOL down nearly 7% to $181. A minor decrease on Sunday brought SOL down to $180. The week prior had started optimistically for SOL, with a 5.30% increase that took it to $189. On Tuesday, buyers managed to keep the price rising towards $197.
On Wednesday, SOL experienced a modest rise due to resistance near the $200 mark causing selling pressure. Consequently, it dipped by 4.57% to $188 on Thursday. The selling trend persisted on Friday, with the price decreasing further to $184 (a drop of 2.24%). However, buyers re-entered the market on Saturday, causing SOL to soar more than 6%, reaching $195. Yet, it fell again by nearly 3% on Sunday, closing the weekend at $189. As of now, in the ongoing session, SOL is slightly decreasing as both buyers and sellers are trying to establish control.
Dogwifhat (WIF) Price Analysis
Last weekend, Dogwifhat (WIF) faced challenges in regaining $2 following a dip below this significant level. On Friday, WIF dipped to a daily low of $1.72 as selling pressure took over. However, it managed to regain $2 and increased by 1.99% to close at $2.10. Attempts were made by buyers to push prices higher on Saturday, but they were unsuccessful due to the resurgence of sellers. Consequently, WIF dropped more than 10%, slipping below $2 to end the day at $1.88. The price climbed back up on Sunday, reaching a high of $2.04 during the day. Nevertheless, it failed to maintain this level and closed at $1.91. Buyers regained control on Monday as WIF reclaimed $2, closing at $2.02. A 1.36% increase in price on Tuesday pushed WIF up to $2.05.
On Wednesday, there was a shift in sentiment as WIF fell 3.41%, dipping below $2 to close at $1.98. This bearish trend grew significantly on Thursday when the price plummeted nearly 8% to reach $1.82. A slight decline on Friday lowered WIF further to $1.81. However, on Saturday, there was a recovery as WIF rose by 5.52%, reaching $1.91 before experiencing a drop of more than 4% to finish at $1.83. As the current session unfolds, buyers are trying to build momentum and push WIF towards $2.
Chainlink (LINK) Price Analysis
Last Friday, Chainlink (LINK) hit its lowest point at $19.99 amidst sellers trying to push it below support points. However, the coin bounced back, increasing by 2.62% to close at $23.38. On Saturday, buyers made an attempt to recover LINK as it climbed to a high of $24.92. Yet, LINK lost its momentum and was controlled by sellers, causing the price to drop 5.51% to $22.09. Sunday saw a minor decrease in value, ending the weekend with a bearish trend for LINK. However, on Monday, LINK experienced a significant surge of over 11%, reaching $24.53. On Tuesday, buyers maintained control as LINK rose to $25.42 following an almost 4% increase.
As a researcher analyzing the performance of LINK, I noticed that it failed to surpass the 20-day Simple Moving Average (SMA), which allowed sellers to dominate on Wednesday, causing LINK to decrease by almost 4% to $24.42. The selling pressure escalated on Thursday as LINK plummeted over 7% to $22.66. However, buyers managed to regain control on Friday, pushing the price below $22 and ending the day at $21.54. The weekend brought a 2.02% increase for LINK, taking its value to $21.97. Unfortunately, the downward trend resumed on Sunday as LINK dropped almost 5% to $20.94. As of now, during this session, LINK is rebounding from the 50-day SMA, experiencing an increase of nearly 2%.
Arbitrum (ARB) Price Analysis
The price of Arbitrum (ARB) dipped below crucial support points and moving averages, with the decline becoming evident on Thursday (December 19), when it fell below its 50-day Simple Moving Average (SMA). By Sunday, the price had dropped to $0.719. However, ARB began the previous week with a positive trend, climbing by over 7% and reaching $0.799. Tuesday saw buyers maintaining control, causing the price to rise 2.29% and reach $0.817. But, the bullish sentiment started to wane after this level, resulting in ARB dropping 1.55% on Wednesday to close at $0.805. The selling pressure intensified significantly on Thursday, pushing ARB down by 6.51%, bringing its price to $0.752.
On Friday, ARB experienced a slight uptick, peaking at $0.794 before closing at $0.759. Optimism continued on Saturday as the price increased more than 2%, ending the day at $0.774. Yet, Sunday saw a decline for ARB, resulting in a weekly loss of 4.32% and trading at approximately $0.741. Currently, the session shows ARB climbing by 3.47% and trading around $0.766.
Immutable (IMX) Price Analysis
1. IMX has been finding it tough to surpass its 200-day Simple Moving Average (SMA) and revisit the $1.50 mark, with selling activity around $1.46 keeping a lid on any price growth. On Thursday (December 19), IMX dipped beneath its 200-day SMA, following a near 10% decline. The price plunged to an intra-day low of $1.22 on Friday, but recovered slightly by 2.56%, closing at $1.22. On Saturday, buyers made an effort to push IMX above its 200-day SMA, driving it up to a high of $1.53. However, the token failed to maintain this level and once again fell below the 200-day SMA, dropping 8.30% to close at $1.32. Selling pressure persisted on Sunday, with the price dipping by just over 1% to $1.31.
Initially, optimistic feelings emerged on Monday when IMX surged more than 10%, ending at $1.44. Investors maintained control on Tuesday, causing IMX to rise further to $1.47. Yet, IMX failed to break the 200-day moving average and $1.50 barrier on Wednesday, losing traction and falling about 3% to $1.43. The downward trend intensified on Thursday as selling pressure escalated, causing a drop of almost 7% to $1.33. However, the sentiment shifted on Friday as IMX reached an intraday high of $1.45 before settling at $1.38, registering a daily increase of 3.52%. The weekend saw buyers regain control, pushing IMX up almost 4% to $1.43 on Saturday. But the trend turned negative again on Sunday with a nearly 6% drop to $1.35. Currently, the market session is seeing IMX rise by 4.49%, trading around $1.41 as investors aim to build momentum and push toward $1.50.
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2024-12-30 16:12