Another roller coaster year for cryptocurrencies, 2024 brought monumental wins for Bitcoin holders, cryptocurrency ETF issuers, and memecoin creators. Especially since Bitcoin soared past the $100,000 milestone in December. But not everything was rosy. This year, scams and hacks cost victims $2.2 billion, and a failed celebrity memecoin venture drew the ire of disgruntled investors and class action lawyers. Here are the biggest winners and losers in the cryptocurrency industry in 2024. Winner — Bitcoin holder Bitcoin crossed the $100,000 psychological milestone on December 5. It is driven by hundreds of cryptocurrency supporters who want to take seats in Congress…
Author: Crypto Flexs
Read More
A prominent cryptocurrency analyst says a technical signal suggests that top meme token Dogecoin (DOGE) may be ready for a rebound. Ali Martinez told his 104,600 followers on social media platform “TD Sequential is Dogecoin viceroy 4-hour chart, price rebound expected!” Source: Ali Martinez/X Traders use the TD Sequential indicator to predict potential trend reversals in tokens based on the closing prices of the previous 13 bars or candles. Martinez also points out that Dogecoin whales have purchased over 90 million DOGE in the past two days. Source: Ali Martinez/X DOGE is trading at $0.314 at the time of writing,…
KAS recently hit a record, with more than 538,000 addresses now holding assets. However, this milestone had little to no impact on the price performance of the cryptocurrency asset. Kaspa (KAS) has underperformed recently, especially after the market-wide correction. In fact, the asset has fallen 21.92% over the past month, and further analysis suggests that the decline may not be over yet. At press time, forecasts suggest KAS could see a bigger decline on the charts. Some forecasts predict a potential 93% price crash if a critical support level is breached. A new milestone – KAS holders reach an all-time…
Top news of the week The IRS issues rules for reporting digital assets and says the front end is brokers. The Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to enable front-end platforms (e.g. decentralized exchanges) that facilitate digital asset-related transactions for their clients. I included it. The rules, scheduled to take effect in 2027, require brokers to disclose gross proceeds from the sale of cryptocurrencies and other digital assets, including information about taxpayers involved in the transactions. The final rule states that “the only DeFi participants treated as…
This article is also available in Spanish. Bitcoin price failed to exceed $100,000 and corrected its upward trend. BTC is back below $96,500 and may revisit the $93,200 support zone. Bitcoin began a new downtrend in the $99,400 range. The price is trading below $96,500 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break has occurred below the connecting bullish trendline with support at $98,400. If it stays above the $95,000 support zone, further upside could begin. Bitcoin price falls again Bitcoin price began a significant uptrend above the…
Louisa Crawford December 29, 2024 01:49 Linea, MetaMask and Baanx have revealed the final winners of the Crypto Holiday Challenge, celebrating the launch of MetaMask cards across Europe, the UK, Mexico, Colombia, Brazil and the US. The Crypto Holiday Challenge, a joint initiative of Linea, MetaMask, and Baanx, has concluded with the announcement of the final winners. According to linea.mirror.xyz, this event marks the expanded rollout of MetaMask cards across Europe, the UK, Mexico, Colombia, Brazil and the US. Expanding the range of MetaMask cards MetaMask card, a blockchain-based payment solution, is attracting attention…
Over the past year, our newsroom has tested several generative AI chatbots, asking them to predict everything from the U.S. election to the prices of gold, silver, Ethereum, and Bitcoin. This time I decided to do something a little more fun. We challenged 9 AI chatbots to predict the price of Bitcoin on February 15, 2025. (…)
Analysis firm Glassnode said Solana’s (SOL) monthly momentum is weakening compared to Bitcoin (BTC) and Ethereum (ETH). Glassnode, on social media platform The company points to monthly percentage changes in realization limits for each of the three assets. “This indicator serves as an indicator of the rate and direction of capital inflows or outflows to that asset. During the recent market downturn, SOL’s monthly realized limit change rate fell below both BTC and ETH. This indicates that Solana’s momentum declines faster compared to the other two assets. Current monthly realized limit change (%/30D): • BTC: +10.87%• ETH: +5.43%• SOL: +2.19%.”…
Bitcoin price has shown no overall gains over the past week as the top cryptocurrency continues to experience a market correction. Despite several bullish gains, Bitcoin has struggled to break the $100,000 resistance as its price performance in December continues to deviate from previous bullish forecasts. Amid these developments, market analysts continue to release predictions about Bitcoin’s potential price movements. Is Bitcoin Price Peaking? In a post on December 27, More Crypto Online, which analyzes crypto technology, shared an interesting prediction about the current state of Bitcoin’s correction. These market analysts used Elliott Wave Theory to draft two conflicting predictions…
Top news of the week The IRS issues rules for reporting digital assets and says the front end is brokers. The Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, expanding existing reporting requirements to enable front-end platforms (e.g. decentralized exchanges) that facilitate digital asset-related transactions for their clients. I included it. The rules, scheduled to take effect in 2027, require brokers to disclose gross proceeds from the sale of cryptocurrencies and other digital assets, including information about taxpayers involved in the transactions. The final rule states that “the only DeFi participants treated as…