Author: cointechies
Bitcoin slipped 12% from its all-time high of $108,353, erasing gains from the second week of December. As Christmas approaches, crypto traders are considering whether the market will see a “Santa Claus” rally this year. A report from CoinGecko states that between 2014 and 2023, crypto markets recovered around the Christmas holidays eight out of 10 times. Bitcoin’s recent price drop has dashed hopes of a Christmas rally this year, and declining institutional investment inflows have further dampened sentiment. Will Crypto Markets See a Christmas Rally in 2024? According to a report by CoinGecko, a “Santa Claus” rally refers to…
A widely followed crypto analyst warns that Bitcoin (BTC) could suddenly undergo a massive correction. In a new strategy session, Benjamin Cowen tells his 850,000 YouTube subscribers that the extension of the 20-week simple moving average (SMA) indicates a bearish trend for Bitcoin. “If you look at the short-term bubble risk, which is even just the extension of the 20-week moving average, you can see that it’s in this area where some of these corrections are found where Bitcoin gets back to the bottom the facts return.” .” Source: Benjamin Cowen/YouTube The analyst says a correction could send Bitcoin back…
Solana on-chain activity hit a new all-time high, coinciding with a 30% increase in Pudgy Penguins token Pengu. Pengu (PENGU), the native token of the blue-chip NFT series Pudgy Penguins, rallied to up to 50% of its previous high price, buoyed by a rise in Solana (SOL) and a broad market rally on Christmas Eve 2024. Pudgy Penguins released its PENGU cryptocurrency to 7 million eligible wallet addresses last week. Users have 88 days to claim 23.5% of 88 billion tokens or 20.6 billion coins. PENGU debuted with a fully diluted valuation of $3.5 billion and quickly peaked at 0.06…
North Korean hackers stole $308 million worth of Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May 2024, federal investigators confirmed on Tuesday. According to a new press release from the FBI, the FBI, the Japanese National Police and the Department of Defense Cyber Crime Center identified the North Korean group “TraderTraitor” as responsible for the theft of 4,502.9 Bitcoin. According to investigators, the breach began in March when a hacker posed as a recruiter and sent a malicious GitHub link to an employee of Ginco, a DMM partner company. After the employee copied the link to his personal account,…
There was a Santa Claus rally in the crypto industry as some major altcoins posted double-digit gains. Pudgy Penguins (PENGU), the recently airdropped token, surged 40% on December 24, increasing its market cap to $2.26 billion. This rally came after data showed that NFT sales increased 40% to $1.38 million in the last 24 hours. It also rallied after a large whale continued to accumulate more PENGU tokens. JasmyCoin (JASMY), popularly known as Japan’s Bitcoin, rose for the third consecutive day and reached its highest level since December 8. This rally came even after a large whale transferred over $1.4…
The government of El Salvador increased its daily Bitcoin (BTC) purchases by 11 times on two different days last week. The Central American country began buying one BTC every day in November 2022, shortly after crypto exchange FTX imploded. However, according to crypto data platform Arkham, El Salvador purchased more than 11 BTC worth $1.07 million last Friday and made another purchase of 11 BTC on Sunday. BTC proponent Max Keizer, who works as a “senior Bitcoin advisor” to El Salvador President Nayib Bukele, says Bukele is increasing his purchases “with an interim goal of acquiring 20,000 more Bitcoins.” The…
Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. Are you looking for the next big thing in cryptocurrency amid Cardano and Ethereum’s downtrend? Discover the underdog token with 800% growth potential. The crypto market is very volatile and the last few weeks have been no different. Cardano (ADA) and Ethereum (ETH) suffered price declines, causing investors to look for more options. In this environment, DTX Exchange (DTX) has bucked the trend with 500% growth. This phase six presale star has already acquired 300,000 users and raised over…
Floki has announced that its crypto education platform University of Floki is now live. Crypto project Floki (FLOKI) announced the launch of its University of Floki in March as part of a major roadmap. After months of development, the educational platform launched amid optimistic predictions about what it can achieve to “bridge the knowledge gap for the next wave of crypto users.” Floki says the official launch of the platform will help bring blockchain technology and Web3 to the global community. Experts will offer courses on decentralized finance, smart contracts, non-fungible tokens and much more for everyone with access to…
Decentralized exchange platform PancakeSwap had a remarkable 2024 as growth in decentralized finance pushed trading volume to over $310 billion. In a report summarizing the DEX platform’s year-over-year performance, PancakeSwap (CAKE) said its global trading volume reached $310.6 billion. The protocol reached the milestone on nine blockchains, representing growth of 179% per year. Notably, PancakeSwap’s total trading volume reached $111.3 billion in 2023. According to PancakeSwap, the huge increase in 12-month trading volume came amid staggering gains on Layer 2 networks Arbitrum and Base. Meanwhile, PancakeSwap recorded its largest daily trading volume of $3.47 billion on December 16, 2024. Other…
The crypto market has seen a correction over the last week, but analysts remain optimistic that the bull market is still underway. According to their predictions, altcoins will lead the next bull wave and investors are trying to find the best altcoins to buy now. There are many options, but Sei (SEI) and Theta Network (THETA) are two great options, with analysts predicting a rise towards $3 and $30, respectively. However, the biggest rally was predicted for Remittix (RTX), a new altcoin that could transform the multi-trillion-dollar remittance market. Sei (SEI) could rise to $3 with the triangle breakout The…