HarryPotterObamaSonic10Inu 2.0 priceBITCOIN

Despite ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest crypto meme coin by market cap has gained significant attention from crypto giants, as reported by the on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that the large transaction volume of SHIB has skyrocketed by 238.58% in the past 24 hours. Shiba Inu (SHIB) Bearish Outlook This notable volume appeared as SHIB began experiencing selling pressure and the formation of a bearish price action pattern near a resistance level. However, the meme coin’s bearish outlook emerged during a period when major cryptocurrencies like Bitcoin (BTC) and XRP witnessed notable upside rallies. SHIB Technical Analysis and Upcoming Level According to technical analysis, SHIB has formed a bearish inverted cup and handle price action pattern on the daily time frame and is currently on the verge of a breakdown. However, this is a resistance level where the meme coin has formed this price action pattern. Based on historical price momentum, if SHIB breaks down from the bearish pattern and closes a daily candle below the $0.0000258 level, there is a strong possibility it could drop by 20% to reach the $0.0000206 level in the coming days. However, it has been more than a month since SHIB has experienced any significant price gain or drop; it seems to be in continuous price consolidation. But the recent price action indicates potential downside momentum, selling pressure, and a price decline in the coming days. On the positive side, SHIB’s Relative Strength Index (RSI) currently stands at 55, indicating that it is still below the overbought area. This technical indicator suggests that the asset has enough room to soar in the coming days. Current Price Momentum Currently, SHIB is trading near $0.000026 and has experienced a price decline of 2.65% in the past 24 hours. During the same period, its trading volume dropped by 17%, indicating lower participation from traders and investors amid a bearish outlook. #Shib $SHIB

In a positive turn of events for the cryptocurrency market, digital assets DOG, $DOGE, $HOLD, and $BGB have all seen significant gains as Bitcoin edges closer to a new all-time high. This article will delve into the recent price movements of these cryptocurrencies and explore the potential factors driving their upward trajectory. Several cryptocurrencies, including DOG, $DOGE, $HOLD, and $BGB, have experienced notable price increases in recent trading sessions. This surge in value can be attributed to the overall bullish sentiment in the market, as Bitcoin, the leading cryptocurrency, inches closer to its previous record high. Investors and traders have shown renewed interest in these alternative digital assets, seeking to diversify their portfolios and capitalize on the potential for substantial returns. The positive momentum seen in DOG, $DOGE, $HOLD, and $BGB reflects the broader optimism surrounding the cryptocurrency market as a whole. While market dynamics and investor sentiment continue to play a significant role in driving the price movements of these cryptocurrencies, it is essential to approach these assets with caution due to the inherent volatility in the market. As always, it is recommended that investors conduct thorough research and exercise diligence when considering investment opportunities in cryptocurrencies such as DOG, $DOGE, $HOLD, and $BGB. In conclusion, the recent surge in DOG, $DOGE, $HOLD, and $BGB underscores the growing popularity and acceptance of cryptocurrencies as viable investment options. With Bitcoin on the brink of setting a new all-time high, these alternative digital assets are attracting attention from market participants looking to capitalize on the ongoing uptrend in the cryptocurrency market.

According to Cointelegraph, K33 Research data shows that as of December 16, U.S. Bitcoin ETF total assets under management (AUM) surpassed gold ETFs for the first time, reaching $129 billion. Bloomberg ETF analyst Eric Balchunas noted this figure includes spot Bitcoin ETFs and…

Ohio State Representative Derek Merrin introduced the Ohio Bitcoin Reserve Act (House Bill 703) on December 17. The bill allows the state treasury to establish a Bitcoin fund and authorizes the State Treasurer to purchase Bitcoin, though it is not mandatory. Merrin cited the accelerating devaluation of the U.S. dollar, emphasizing the need for flexible Bitcoin investments to protect taxpayer funds.

CoinShares CEO Jean-Marie Mognetti pointed to record inflows into U.S.-based Bitcoin ETFs as an indication of continued investor optimism, as the cryptocurrency market continues to gain momentum following President-elect Donald Trump’s victory. Altcoins Like Ethereum and Solana Will See Demand, Especially When They Gain a Full-Stake ETF in the US, According to CoinShares CEO In an interview, Mognetti highlighted the significant inflows that Bitcoin ETFs have seen since the beginning of the year, noting that the sector has witnessed 12 consecutive weeks of cumulative net inflows. “The last time we saw this kind of streak was in 2021,” Mognetti said, referring to the 15-week period of strong net inflows during that bull market. “But this time, we have Bitcoin ETFs in the U.S., which adds a new layer of accessibility for investors.” Bitcoin ETFs are an important tool for both institutional and individual investors, Mognetti said, allowing exposure to Bitcoin without directly owning the digital asset. “The ETF sector of the U.S. market is off to a tremendous start this year,” Mognetti said. The analyst added that hopes are high among market participants for the upcoming Trump administration, which many view as positive towards crypto. This bullish outlook is in line with broader sentiment from industry figures like MicroStrategy Chairman Michael Saylor, who recently came out in the spotlight with his extremely bullish $13 million Bitcoin price forecast by 2045. While Mognetti shares Saylor’s optimism, CoinShares is more cautious in its forecast. “We are not in the business of giving market price advice, but we believe Bitcoin has significant upside potential from current levels,” he said. However, Mognetti warned that the U.S. market lags behind in offering comprehensive Ethereum products, especially when compared to other regions. “The SEC’s approval of Ethereum products has been lacking,” he said, referring to the lack of staking options that are integral to ETH’s value proposition. Despite this, Mognetti remains optimistic that Ethereum and other altcoins like Solana will attract significant investment demand once regulators provide clearer frameworks for products including staking. “Once the SEC allows full-fledged products like Ethereum or Solana that include staking, we will see more activity and inflows into these markets,” he added. Looking ahead, Mognetti sees a bright future for Bitcoin and other digital assets as the U.S. regulatory landscape improves. “The U.S. market has been devoid of crypto investment products since 2014,” Mognetti said. “Now that Bitcoin ETFs are in place, there is an opportunity for Ethereum and other assets to seize that opportunity as regulatory clarity increases.”