Could a Deeper Drop Be Ahead?

Bitcoin price failed to surpass $95,500 and declined again. BTC is back below $94,500 and might revisit the $91,200 support zone. Bitcoin started a fresh decline from the $96,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,000 … Read more

El Salvador Showcases Bitcoin Success in Key Meeting With Chinese Ambassador

El Salvador’s vice president highlighted bitcoin’s role in economic growth during a meeting with China’s ambassador, emphasizing Chinese cooperation in advancing digital infrastructure projects. El Salvador Spotlights Bitcoin Wealth in Discussions With Chinese Delegation El Salvador’s Vice President Félix Ulloa highlighted the country’s bitcoin success in a meeting with Chinese Ambassador Zhang Yanhui, the Office … Read more

MicroStrategy Stock Price Slips 11%, BTC Holdings Outpace Next Halving Output

MicroStrategy’s stock price dropped 11% last week, closing at $330 according to Yahoo Finance data. Despite this decline, the company’s Bitcoin (BTC) holdings surpassed a major milestone, eclipsing the projected mining output for the next halving epoch. This stark contrast between the company’s Bitcoin strategy and its stock performance underscores the mixed market sentiment surrounding … Read more

From Election Excitement to Post-Election Doldrums: December on Polymarket

According to data, Polymarket experienced its busiest month ever in November, driven largely by the U.S. Presidential Election. However, December’s activity has cooled off, with trading volumes falling below not only November’s peak but also October’s numbers. Additionally, open interest has sharply declined, dropping from nearly $500 million to a current total of $117 million. … Read more

Short-Term Thinking Stalls Altcoin Breakouts, Warns Syncracy CEO

The altcoin market faces stagnation as traders prioritize short-term gains over long-term value, according to Syncracy Capital co-founder Daniel Cheung. Cheung highlighted on Dec. 28 that heightened volatility stems from a shift in trading behavior, with many adopting high-frequency strategies to time entries and exits. The total cryptocurrency market cap excluding Bitcoin (BTC) and Ethereum … Read more

Today’s PoW Mining Marvels: Scrypt Takes the Throne as 2024’s Top Algorithm

During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those extracting dogecoin (DOGE) and litecoin (LTC). Mining Algorithms Push Limits in a Historic Year As … Read more

MACD Signals Potential Reversal, Can It Rally Over 220%

Neiro on Ethereum (NEIRO) daily chart showed a downtrend followed by signs of a potential reversal. The NEIRO coin price dipped consistently beneath the resistance marked by a descending trendline. As the market found a floor, NEIRO began consolidating, forming a base around $0.00094000 highlighted by several touches on this level, indicating strong support. The … Read more