$200M Liquidated in Just 60 Minutes The crypto market just made a major move - and we've been tracking every step n our latest breakdown, we're not only explaining what happened, but also sharing our game plan and how we're navigating the volatility Click the link in our bio for the full breakdown and strategy.
Hong Kong lawmaker wants to add Bitcoin to national reserves to boost financial security Hong Kong legislator Wu Jiexhuang suggested the region should start adding Bitcoin to its national reserves as a way to boost financial security. According to the local newspaper Wen Wei Po, Wu said Hong Kong regulators should study the impact of U.S-issued Bitcoin exchange-traded funds on the market as a starting point before they decide to add Bitcoin to the national reserve.
He argued that Hong Kong authorities could take advantage of of China’s “one country, two systems” policy to include Bitcoin btc-2.39%Bitcoin in its national reserve for financial security. The newspaper noted that China currently holds the second largest Bitcoin reserve, worth 190,000 BTC from illegal trade confiscations.
For more information & signals visit us on Instagram / X | @Illusorycrypto
XRP News: Open Interest Drops $1B as Price Struggles to Break Resistance
XRP has been consolidating under key resistance for over a month. This has left investors frustrated as the altcoin struggles to gain upward momentum. This extended inactivity has taken a toll on traders’ confidence, with many stepping back as the altcoin has failed to display significant price growth.
XRP Open Interest Drops By $1B
Recently, the Open Interest in XRP Futures dropped by a massive $1 billion in the past 24 hours. Just a day before, the Open Interest had surged to $2.9 billion over expectations of a rally. However, as the expectations of an imminent rally faded away, traders began withdrawing their funds.
For more information & signals visit us on Instagram / X | @Illusorycrypto
Bitcoin Next Move 🔹Currently Price is trading at 93745$ 🔹There is a huge chunk of liquidity at 91700$ area. 🔹Soon Price will test this zone. 🔹90000$ to 91700$ is major support are where Price will get a strong bounce. 🔹A good long position can be open here, once we see a bullish candlestick pattern. 🔹Expected Target will be 99500$BTC
For more information & signals visit us on Instagram / X | @Illusorycrypto
Solana had a strong December despite the overall crypto market downturn. Its DEXs processed over $100 billion in volume for the second consecutive month, with Raydium ranking third overall.
Solana (SOL) demonstrated resilience during a bearish December, achieving over $100 billion in decentralized exchange (DEX) trading volume for the second consecutive month.
With a $107.865 billion in monthly DEX volume (as of Dec. 27), Solana outpaced its competitors in December, including Binance Smart Chain (BSC) and Ethereum (ETH), which recorded $91.444 billion and $84.168 billion, respectively, according to DefiLlama data.
In November, Solana also reigned supreme with $129.736 billion in DEX volume, well ahead of Ethereum’s $70.635 billion.
For more information & signals visit us on Instagram / X | @Illusorycrypto
🔈Bitcoin dominance update: Bitcoin dominance currently trade in a downward channel if this will continue further and bitcoin stable at this stage then we'll see some good recovery in Altcoins so keep an eye on Bitcoin dominance.👀
Crypto Community Rallies for 4-Year-Old Mira, Pushing Solana Meme Coin to $80M in Hours
A Solana token named "MIRA," created by a crypto trader in her honor, saw its market value soar to over $80 million within just five hours of launch. The crypto community has united in support of four-year-old Mira Chen, who is suffering from a rare brain tumor.
A Solana token named “MIRA,” created by a crypto trader in her honor, saw its market value soar to over $80 million within just five hours of launch.
Mira, the youngest daughter of Runway CEO Siqi Chen, was diagnosed with Adamantinomatous Craniopharyngioma, a rare brain tumor, before her second birthday.
Crypto scams cost French victims €500m annually, AMF says French authorities are grappling with an alarming rise in crypto scams, which contribute to an estimated €500 million in annual losses. Financial scams continue to inflict heavy losses on French consumers, with the Paris Public Prosecutor’s Office estimating that victims lose at least €500 million each year. In a Thursday press release on Dec. 26, the Autorité des Marchés Financiers revealed that the average loss for victims of financial scams in 2024 was €29,000. Many of these scams have targeted crypto investors, with fraudsters using fake celebrity endorsements and investment platforms, the regulator said. Visit us @illusorycrypto
One in three Koreans now own crypto, Bank of Korea says
A new report shows that more than 30% of the South Korean population holds crypto, with investors now holding over 100 trillion won in assets.
crypto market is rapidly booming as the number of investors reached 15.59 million by the end of November, Yonhap News Agency reports, citing data shared by Democratic Party lawmaker Lim Kwang-hyun.
The latest figure shows an increase of 610,000 investors from the previous month, likely fueled by optimism following Donald Trump’s presidential election victory.
According to the data, the total value of crypto held by South Korean investors reached a record 102.6 trillion won (around $78 billion) in November, up from 58 trillion won in July. While the data doesn’t specify which cryptocurrencies are most popular among investors, the average amount held by each investor surged to 6.58 million won, a huge increase from previous months.
Market Update = 25/12/2024 Bitcoin price $98,291 | Todays gain. (4.33%) Technical Analysis: Support aur Resistance Levels: Btc price $92,000 support | $98,000 resistance RSI (Relative Strength Index): RSI (70), Fundamental News: MicroStrategy ki Bitcoin Khareedari: MicroStrategy ne December 2024 mein 149,880 bitcoins khareede, jisse unke total holdings 423,650 bitcoins ho gaye, jo ke $42.43 billion ke barabar hain. Bitcoin ka Limited Supply: Bitcoin ka price $100,000 se upar chala gaya hai, jo ke iski limited supply (maximum 21 million bitcoins) ki wajah se hai. Ab tak 19.8 million bitcoins mine ho chuke hain, aur baqi ke liye ek century se zyada waqt lagega.