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Dogecoin has plunged 30% from its yearly high, with bearish indicators like a "Death Cross" and Super Trend readings hinting at further losses.
Share link:In this post: The UAE now holds $40 billion in Bitcoin, proving itself as a global crypto leader with a thriving blockchain ecosystem. Between July 2023 and June 2024, crypto transactions in the UAE hit $34 billion, with stablecoins dominating 51% of the activity. The country’s pro-crypto regulations, including strict AML and KYC rules, have attracted massive institutional and retail investment.
Share link:In this post: Google’s new AI tools, like Gemini 2.0 and Project Astra, have pushed its stock to an all-time high of $199.91 and reinstated investor trust. The company is taking on Nvidia with its new Trillium chip and breaking ground in quantum computing with the Willow chip. Google is under pressure from rivals like Microsoft and Elon Musk’s xAI, while also facing tough antitrust lawsuits in the U.S.
Psychological levels play a key role in cryptocurrency trading, as traders often make emotional decisions around integer price points, forming significant support and resistance zones, and the reactions at these levels can affect market volatility and price trends.
The price trend of Bitcoin will no longer be so influenced by internal mechanisms such as halving, but more by external factors such as institutional adoption and geopolitical events.
Review and Outlook of Robot Ventures, Dragonfly, and Superstate, BTC may reach $180,000 by 2025.
Solana's TVL has plummeted by $1.1 billion this month, highlighting reduced network activity and a bearish outlook for SOL prices.
- 04:01Blockstream Co-founder: Quantum computing will enhance Bitcoin signatures, making its network strongerBlockstream co-founder and CEO, inventor of Hashcash, and renowned cryptographer Adam Back stated that quantum computing could potentially make the Bitcoin network stronger. Industry insiders have previously expressed concerns that due to advancements in quantum physics, quantum computing can execute computational processes at unprecedented speeds, which may disrupt encryption algorithms in the future. Back posted on X stating: "Post-quantum (PQ) will take at least several decades," which is why hash-based PQ schemes are never feasible: "PQ signature research will eventually produce conservative, thoroughly reviewed, more compact signatures. Bitcoin can consider these schemes as another option."
- 03:59HSBC Bank: Still expects the Federal Reserve to cut interest rates by 75 basis points in 2025HSBC Bank stated that it still expects the Federal Reserve to cut interest rates by 75 basis points in 2025.
- 03:58The Ethereum ETF had a net inflow of 62.73 million US dollars last weekAccording to SoSoValue data, last week's trading days (Eastern Time December 16th to December 20th) saw a net inflow of $62.73 million into Ethereum spot ETFs. Among them, Grayscale's Ethereum Trust ETFETHE had a weekly net outflow of $99.83 million, with the current historical net outflow for ETHE standing at $3.62 billion.
