Bitcoin sinks to $115,000 after hitting its newest record, as macro concerns spark liquidation wave,
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$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.
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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 $2.9 billion over expectations of a rally. However, as the expectations of an imminent rally faded away, traders began withdrawing their funds.
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Bitcoin Next Move 🔹Currently Price is trading at 93745$ 🔹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
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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.
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🔈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.👀