Bitcoin News Today TheBitTimes.com

The wider cryptocurrency market has retraced downward after December 17 saw Bitcoin (BTC) reach a new all-time high (ATH) price of approximately $106,490. Following the high, the price of BTC retreated to roughly $94,000, before a failed retesting of the $100,000 mark. Prices subsequently crashed below $93,000 but had recovered to $95,256 by press time, with year-to-date (YTD) returns at 126.67%. While broad consensus states that this is just a temporary consolidation period before the market-wide rally continues, even temporary drops have a way of intensifying bearish sentiment. With short sellers having reaped significant rewards from this latest move to the downside, they have doubled down on their bets — in a move that leaves space for potential short squeezes. To identify potential short-squeeze opportunities for January 2025, Finbold retrieved derivatives data from CoinGlass to select two cryptocurrencies that both exhibit high short volume and possess the potential ...

What’s driving the 460% surge in Hosky’s value and its 85,000-strong community? How is Dragonball Z Tribute managing to maintain a 97% streak of positive days this month? And what’s behind Boop’s astonishing 1,786% annual growth? These coins may look like fun and games, but they’re proving to be serious contenders in the crypto world, pulling off numbers that even seasoned traders can’t ignore. Best Meme Coins to Invest In Now In this article, we’ll take a closer look at what makes these meme coins stand out. From Hosky’s clever humor fueling real gains to Dragonball Z Tribute rallying anime fans with steady performance and Boop turning its playful identity into impressive long-term growth, we’ll break down their market moves, community appeal, and future potential. If you’re curious about the meme coins making waves today, you’ve come to the right place. 1. Hosky (HOSKY) Kicking off our list is Hosky, a meme token th...

The Crypto Fear and Greed Index has plunged to levels last seen in October as Bitcoin and the rest of the crypto market tumble in the last days of 2024. The index, which tracks investor sentiment in the crypto market, has fallen to a “Greed” reading of 65. This is an 8 point drop from yesterday’s reading of 73 and is 5 points lower than the reading a week ago. It’s also the lowest since Oct. 15. Trump Euphoria Had Kept The Crypto Fear And Greed Index Above 70 – Until Now Since Donald Trump’s victory in the US presidential election, investor sentiment in the crypto market turned more positive amid anticipation of more relaxed and favorable crypto regulation. Since Trump emerged victorious, the Crypto Fear and Greed Index has stayed above 70 up until the recent drop. A month ago, the Index reached an “Extreme Greed” reading of 85 after peakingat 94 on Nov. 22 as pro-crypto politicians won seats in the Senate and House of Representativ...

Cryptocurrencies have become a popular investment choice, offering diverse opportunities beyond traditional financial markets. With thousands of digital assets available, investors might have a hard time selecting top cryptocurrencies for investment. InsideBitcoins explores some of the best cryptocurrencies to invest in right now , based on current performance, growth potential, and market sentiment, aiding market participants ni their search. Best Cryptocurrencies to Invest in Right Now Dogecoin is priced at $0.3243, showing a 2.25% increase in the last 24 hours. Meanwhile, FLOCK is gaining momentum, having secured $8 million so far in its ongoing presale, which concludes in 23 days. LUNC is currently exchanging hands at $0.000112, marking a 3.09% rise over the past week. In other news, Russia has implemented a ban on cryptocurrency mining in ten major regions, effective until 2031. Russian media outlets reported that the decision stems from concerns about the substantial ener...

The TON blockchain ecosystem experienced significant growth throughout 2024, fueled by its expanding decentralized finance (DeFi) sector, the integration of native $USDT, and the increasing popularity of mini apps. While the total value locked (TVL) peaked at $740 million in July, it has since settled at $248 million, solidifying TON’s position as a key player in the blockchain industry. Additionally, the DeFi sector has grown significantly, with 50 active projects now operating, a notable increase from just 10 at the beginning of the year. In light of the positive crypto market wave, this article outlined other affordable tokens, particularly the best altcoins to watch today. 6 Best Altcoins To Watch Today  The Solana network continues to make notable progress in cryptocurrency, with the proposed VolatilityShares Solana Futures ETF marking another key development in its growth. Optimism (OP) is preparing for a significant network upgrade as Arweave’s value has incre...

The Altcoin Season Index (ASI) has risen to 48 as of December 26, 2024, reflecting a neutral stance between Bitcoin and altcoins. This marks a slight increase compared to the previous day. The current ASI level suggests that neither Bitcoin nor altcoins fully dominate the market. The ASI measures the performance of the top 100 cryptocurrencies over the past 90 days. While altcoins are beginning to show strength, Bitcoin continues to maintain its dominance in the market. Market analysts suggest that a full-fledged Altcoin Season may emerge in 2025, with Ethereum being identified as a potential leader in this phase. The market remains balanced, with altcoins regaining some traction while Bitcoin holds its leading position. As expected, several altcoins are printing price rallies. Insidebitcoins has curated a list of the most viewed cryptos on GeckoTerminal to watch. Most Viewed Cryptos on GeckoTerminal to Watch The cryptocurrency market has seen significant activity in the past 24 h...

The Bitwise Bitcoin Standard Corporations ETF would invest in businesses that “hold at least 1,000 Bitcoin” Companies need to have a market capitalization of at least $100 million to be included in Bitwise’s proposed ETF KULR Technology Group started its Bitcoin Treasury strategy with the purchase of 217.18 Bitcoin for $21 million Bitwise has filed a proposal with US regulators to launch a new exchange-traded fund (ETF) to invest in publicly traded companies that hold substantial Bitcoin reserves. Under the Bitwise Bitcoin Standard Corporations ETF, the ETF issuer would invest in businesses that “hold at least 1,000 Bitcoin in its corporate treasury,” according to a December 26 filing with the US Securities and Exchange Commission (SEC). To further qualify to be included in the ETF, companies need to have a market capitalization of at least $100 million, an average daily liquidity of $1 million or more, and a public free float o...

Technical indicators are again pointing towards an altcoin season, according to prominent cryptocurrency analysts on X. Both Bitcoin (BTC) and altcoins have dropped significantly in the past few weeks, but things could change as 2025 approaches. The long term crypto and stock investor who goes by Jelle believes the next year will be “great for altcoins.” On that note, he highlighted TradingView ’s Crypto Total Market Cap Index (TOTAL) entering “price discovery,” displaying high optimism on cryptocurrencies. At the same time, Jelle compared TOTAL’s performance with the Bitcoin Dominance (BTC.D), which “looks ready to move lower.” Picks for you Imminent Bitcoin price crash? Over $3 billion BTC moves to exchanges in a week 42 mins ago 4 altco...

December presents a unique opportunity for investors to dive into underpriced crypto projects with immense potential for growth. As the market experiences its typical end-of-year fluctuations, certain assets are currently positioned to deliver exceptional returns, potentially in the range of 10x to 100x. Here are the five projects that stand out as prime investment opportunities during this period. Wall Street Pepe (WEPE) Wall Street Pepe, or WEPE, is a meme coin that draws its inspiration from the infamous Wall Street Bets movement, which famously helped trigger the GameStop (GME) short squeeze and sent the stock market into a frenzy. WEPE follows a similar narrative but applies it to the crypto space, aiming to empower retail investors and challenge established financial institutions. The project’s presale has been one of the biggest in cryptocurrency history, raising an astounding $36.2 million within just weeks, with daily funding between $1 and $3 million. This demonst...