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Showing posts from January, 2025

Bitcoin price drop caused by profit-taking and macroeconomic conditions

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Bitcoin dropped to $89,900 on January 13, its lowest decline in two months James Toledano, COO at Unity Wallet, said one of the reasons for the drop is profit-taking after Bitcoin hit $108,000 in mid-December The inauguration of President-elect Donald Trump could spark renewed buying interest, Toledano said Bitcoin fell below $90,000 for the first time in two months, dropping 3.6% in 24 hours as the market experienced selling pressure. Data from CoinMarketCap shows that Bitcoin’s price dropped to around $89,900 on January 13. However, at the time of publication, it’s trading over $95,000. Bitcoin drops below $89,000. Source: CoinMarketCap According to James Toledano, COO at Unity Wallet, there are several reasons why Bitcoin’s price fell. “The first is profit-taking, after hitting a peak of around $108,300 in mid-December, the market has seen a massive amount of it, particularly following the election of pro-crypto President-elect D...

Unicorn Fart Dust Price Prediction: UFD Soars 22% As Investors Pivot To This Pepe Rival That’s Roared Past $47M In Presale

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The Unicorn Fart Dust price has soared 22% in the last 24 hours to trade at 0.1907 as of 4:00 a.m. EST on a 48% pump in trading volume to $42.7 Million. Unicorn Fart Dust Price Suggests An Impending Bullish Rally The UFD/USD chart on the 30-minute timeframe highlights a crucial phase in price movement, blending periods of consolidation, breakout, and support testing. Currently, the price is trading at $0.1907, and is positioned slightly below the 50-period Simple Moving Average (SMA 50), which serves as immediate resistance at $0.1943. Below, the 200-period SMA, situated at $0.1414, provides a technical safety net and long-term support. The wide gap between these two SMAs highlights the broader bullish trend, even as the price undergoes a temporary retracement. Recent price action reveals a well-defined support zone between $0.18 and $0.19, where buyers have previously stepped in, while the major resistance zone at $0.28–$0.30 represents a key area where selling pressure has r...

Michael Saylor Posts SaylorTracker Chart For 10th Consecutive Week, Hinting At Another MicroStrategy Bitcoin Buy

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MicroStrategy co-founder and Bitcoin permabull Michael Saylor has posted a snapshot of the SaylorTracker chart on X for the 10th consecutive week, a move which typically presages the announcements of another BTC purchase. “Thinking about the next green dot on SaylorTracker.com,” the MicroStrategy executive said in a Jan. 12 X post . MicroStrategy BTC Position Up More Than 50% Data from SaylorTracker shows that MicroStrategy currently holds 447,470 BTC, valued at more than $42.15 billion. This comes after the company’s latest Bitcoin buy on Jan. 6, which saw the firm spend $101 million to add 1,070 BTC to its reserves when the crypto was priced at $94,004. MicroStrategy has acquired 1,070 BTC for ~$101 million at ~$94,004 per bitcoin and has achieved BTC Yield of 48.0% in Q4 2024 and 74.3% in FY 2024. As of 01/05/2025, we hodl 447,470 $BTC acquired for ~$27.97 billion at ~$62,503 per bitcoin. $MSTR https://t.co/CkLrLSkB5M — Michael Saylor⚡️ (@...

Best Meme Coins to Buy Today, January 11 — Shiba Inu, dogwifhat, Notcoin

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Identifying profitable tokens among the best meme coins in the crypto market can often be challenging. Investment opportunities usually come from the most unexpected places. Investors may spend hours analyzing a specific token, only to be disappointed by its performance. Such experiences can accumulate losses over time, discouraging many traders. Today’s article simplifies this process by presenting a carefully curated list of tokens worth considering. Today, we spotlight Shiba Inu, dogwifhat, and Notcoin—three meme coins redefining what investing in a cultural phenomenon means. Read on to discover why they could be the best meme coins to buy today.  Best Meme Coins to Buy Today Apart from these three meme coins, another exciting opportunity is gaining traction— F lockerz has surpassed $9.5 million in its ongoing presale, and anticipation is growing for its first exchange listing. Despite quieter trading across markets on January 9, the presale attracted nota...

U.S. government’s Silk Road wallet makes first Bitcoin transaction

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Bitcoin (BTC) has become an asset with mainstream appeal — but before widespread institutional adoption, it was a niche investment whose main utility was, to put it bluntly, being a method of payment for illegal dealings. Back on November 3, 2020, the United States Department of Justice (DOJ) and Internal Revenue Service Criminal Investigation (IRS-CI) confiscated 69,370 BTC from dark web marketplace Silk Road. At the time, a single Bitcoin was worth roughly $14,000. That same hoard is now worth roughly $6.4 billion in total. The seized assets have been kept in storage by the Treasury Department since then — and although Battle Born Investments appealed the government’s decision to sell the stash, the appeal was lost on October 7, 2024 — clearing the way for a major sale. Picks for you Solana could crash to $130, according to crypto analys...

NFT marketplaces leveraging BNBChain

NFT Marketplaces Leveraging BNB Chain NFT marketplaces leveraging BNB Chain are transforming the digital asset ecosystem with lower fees, faster transactions, and enhanced scalability. BNB Chain, a high-performance blockchain designed by Binance, has become a popular choice for NFT platforms due to its cost-effectiveness and robust infrastructure. One of the main advantages of BNB Chain for NFT marketplaces is its low transaction fees. Compared to Ethereum, BNB Chain offers significantly reduced gas costs, making it accessible for both creators and buyers. This affordability encourages wider participation, from emerging artists to seasoned collectors. Additionally, BNB Chain’s high transaction throughput ensures that NFT minting, buying, and selling occur quickly and efficiently. This capability is essential for marketplaces handling large transaction volumes or high-demand drops. The BNB Chain ecosystem supports interoperability, enabling cross-chain transfers of NFTs and integration ...

Blockchain Gaming Firm Partners With AI Agents Platform Virtuals Protocol To Enhance Gameplay and Interactions

Ethereum (ETH)-based games developer Illuvium (ILV) just announced that it is joining hands with Virtuals Protocol, a platform that allows users to create their own artificial intelligence (AI) agents that are capable of performing tasks autonomously. In a series of posts on social media platform X, Illuvium says the partnership will allow it to tap on Virtuals’ GAME Framework, the protocol’s decision-making engine that enables AI agents to autonomously execute actions based on provided information. “We’re leveraging //Virtuals.io’s modular framework to create autonomous, decision-making NPCs (non-playable characters) that enhance gameplay and interactions.” Illuvium is optimistic that the collaboration will place it at the forefront of AI innovation as it anticipates improvements in its NPCs. “Imagine AI-driven strategies, autonomous NPCs, and personalized player experiences – all within your favorite games… With unparalleled decision-making capabilities,...

Mining News in December: Ethiopia's Rise, Huaqiang North Mining Machine Prices Rise, Oilfield Giant Invests in Bitcoin Mining, sponsored by Bitdeer

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Title sponsored by Bitdeer, a NASDAQ-listed mining company. 1. MARA Holdings, a publicly traded mining company, has announced a proposed private placement of $700 million in zero-coupon convertible senior notes due 2031 and $105 million in options. MARA expects to use up to $50 million of the net proceeds from the sale of the notes to repurchase its existing 2026 convertible notes, with the remainder of the net proceeds to purchase more bitcoin. Read more 2. U.S.-listed miner Core Scientific has announced a private placement of $500 million of convertible senior notes due 2031 to qualified institutional buyers. Core Scientific also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75 million principal amount of notes. Core Scientific intends to use the net proceeds from the offering for general corporate purposes, including working capital, ...

Tesla Falls Below $400: Why Experts Say TSLA Has 33% Upside

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In what is perhaps the most shocking development on Wall Street early this year, Tesla’s (TSLA) stock has fallen below the $400 mark. However, the recent performance doesn’t deter the reality that plenty of analysts are expecting big things from the electric vehicle manufacturer throughout this year. Indeed, some analysts have even touted a 33% upside for the stock. The Elon Musk-led company ended 2024 on a noticeable high. In fact, it surged as high as it ever had, with Tesla stock reaching a record share price of $424 in early December. Yet, its recent correction has many concerns. With things far from over for the company, analysts appear to be split on just where the company’s stock can go from here. Source: NPR Also Read: Tesla Stock in Trouble? JPMorgan Says Profits May Vanish in 2025 Tesla at a Crossroad as Stock Falls Below $400: Why TSLA There is Both Risk & Upside In the Stock Entering 2025, there were many who believed this would be the year of the Tesla. Th...

Bitcoin Investor Ordered To Surrender Crypto Keys In Landmark Tax Case

A Texas federal court judge ordered Frank Richard Ahlgren III and his associates to surrender all crypto private and public keys, accounts, and access codes. Frank Richard Ahlgren III was sentenced to two years in prison for tax fraud in December. As part of a court-issued restraining order, he was ordered to hand over his crypto and other wallet private keys and access codes. The Texas Bitcoin investor misreported capital gains from over $3.7 million in Bitcoin sales between 2017 and 2019, owing the US government approximately $1.1 million in restitution. On Jan. 6, Austin Federal Court Judge Robert Pitman ordered Ahlgren, along with his family, friends, and advocates, to identify and surrender any devices used to store his cryptocurrency, as well as any public keys, private keys, seed phrases, or passphrases. Pitman ordered all parties to identify all accounts related to Bitcoin, Bitcoin Cash, Litecoin, and Ether. He also prohibited the parties from transferring any of Ahlgren...

Elon Musk, Michael Saylor endorse pro-bitcoin Pierre Poilievre for Canadian PM

A large number of Bitcoin influencers are backing a leading candidate for Canadian prime minister. Pierre Poilievre, a pro-bitcoin candidate, might assume Justin Trudeau’s seat as soon as this year. Trudeau stepped down as prime minister this week and Poilievre quickly emerged as an early front-runner to take over the position. Polymarket, a binary options website that doesn’t necessarily indicate real-world odds like traditional polls, accepts crypto-denominated bets at an 89% rate in favor of Poilievre succeeding Trudeau as Canada’s next leader. Kalshi, another binary options prediction market, gives Poilievre a far lower 14% chance, instead listing Mark Carney as traders’ favorite at a 40% betting rate. Poilievre has nicknamed his rival “Carbon Tax Carney.”  Poilievre has so far earned endorsements from MicroStrategy’s Michael Saylor , Galaxy Research’s Alex Thorn, Bull Bitcoin’s Francis Pouliot, and various other bitcoin influencers. Nayib Bukele kills Salvad...

VeChain Continues To Dominate Bitcoin, XRP: VET To $0.10 Next?

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VeChain (VET) is currently dominating top assets such as Bitcoin (BTC), XRP, and Solana (SOL) in the daily, weekly, and 14-day charts. The asset has rallied by 2.6% in the daily charts, 22.4% in the weekly charts, and 10.1% in the 14-day charts. BTC is up by 2.4%, 9.7%, and 8.7% in the respective time frames. VET has consistently outperformed BTC, XRP, and SOL over the last few days. Source: CoinGecko Also Read: Shiba Inu: New Price Forecast Claims SHIB To Breach $0.000066651 Why Is VeChain Rallying? Source: Watcher Guru The crypto market faced a significant correction last month. Bitcoin (BTC) fell below $93,000, while VET and other assets followed suit. The correction was likely due to inflation in the US rising to 2.7%. The Fed took a hawkish stance after the inflation figures. The central bank announced only two interest rates in 2025 instead of three, causing some weary among market participants. VET’s latest rally follows BTC’s recent rise to the $101,000 price point. ...