Bitcoin whale activity reaches a nine-year high, suggesting Bitcoin may have found its price bottom. Recent data shows increased whale accumulation and transfers off exchanges.
Donald Trump proposes using Bitcoin to address the U.S.’s $35 trillion national debt, sparking discussions on digital assets’ potential role in financial reform and inflation management.
Memecoins, including Dogecoin and Shiba Inu, have seen sharp price declines amid a broader market sell-off. Total market cap for memecoins fell 21.5% in ten days.
Ether futures open interest has surged to a 19-month high despite ETH’s price weakness. Increased derivatives activity signals heightened interest but doesn’t indicate a bullish trend.
France’s AMF is accepting applications for crypto asset service providers ahead of MiCA regulations. Starting December 30, firms must secure CASP authorization to comply with AML, CFT, and cybersecurity standards.
MicroStrategy’s stock could gain 30% if Bitcoin hits $150,000 by 2025. This relies on continuing its aggressive Bitcoin purchasing strategy. The stock could rise to $2,150 per share.
Stablecoins witness high demand, with Argentina’s premium at 30%. By 2027, $25.4B in premiums expected. Tether and USDC dominate. Tether’s H1 2024 profit: $5.2B. Crypto trading in UAE, Polymarket’s $1B betting surge, Coinbase’s ETF custody roles.
The U.S. can boost energy investment in Bitcoin mining. Former President Trump advocates for America as the “crypto capital,” dismissing energy concerns. Bitcoin’s energy demands are adaptable, supporting renewable projects, and fostering economic growth.
David Plouffe, former adviser for Alchemy Pay and Binance, joins Kamala Harris’s 2024 presidential campaign, adding a layer of intrigue to cryptocurrency regulation and adoption.
Bitcoin’s price fell to $62,000, sparking talks of a generational bottom. Key support levels at $63,300 and $63,000 are crucial. Analysts predict potential drops to $58,000 or below.
