#BTCOutlook Today, December 22, 2024, the price of Bitcoin is consolidating above $$ 100,000, after reaching an all-time high of $$ 108,000 last week. This milestone was driven by growing institutional demand, evidenced by ten consecutive weeks of positive inflows into Bitcoin ETFs. MicroStrategy, the largest corporate holder of Bitcoin, recently announced the purchase of 15,350 bitcoins, bringing its total to 439,000 units, valued at approximately $$ 27 billion. Additionally, the company will be included in the Nasdaq 100 index, increasing the index's exposure to Bitcoin.
However, US Federal Reserve Chairman Jerome Powell has stated that the institution is not legally allowed to own Bitcoin, dispelling speculation about the central bank creating a strategic Bitcoin reserve. This statement resulted in a drop in the price of Bitcoin and other cryptocurrencies in the following days.
Despite these fluctuations, the cryptocurrency market continues to attract institutional investors and large-scale companies. Recently, activists have urged companies such as Microsoft and Amazon to consider including Bitcoin on their balance sheets, arguing that it could significantly increase the market value of these corporations.
In summary, Bitcoin remains above $$ 100.000, driven by institutional investment and corporate interest, although it faces regulatory challenges and statements from financial authorities that influence its market volatility.
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#BTCNextMove Bitcoin (BTC) has been making significant moves recently.
Donald Trump's recent victory in the 2024 US elections boosted the cryptocurrency market, with Bitcoin reaching an all-time high of US$$ 103.679. However, after profit-taking, the price has retreated to around US$$ 96.120.
Analysts remain optimistic, predicting that Bitcoin could surpass the US$$ 100 thousand mark in early 2025, especially as the halving approaches, an event that reduces the issuance of new bitcoins, increasing their scarcity.
In addition, discussions about Bitcoin's potential to help reduce the US debt have gained prominence. Michael Saylor, for example, has proposed that the country allocate between 20% and 25% of its reserves in Bitcoin as an economic strategy.
It is important to note that the cryptocurrency market is highly volatile. Therefore, caution and thorough research are advised before making any investment decisions.
$BNB BNB, a cryptocurrency associated with the Binance exchange, has been experiencing significant market movements recently.
On December 4, 2024, BNB reached a new record price, surpassing US$ 788, after a rise of more than 20% in 24 hours. This increase was driven by the launch of a platform that allows the creation of meme cryptocurrencies on the BNB Smart Chain, which generated expectations of greater demand for the token.
However, the cryptocurrency market is highly volatile, and BNB has seen a 3.22% drop in the last week, according to recent data.
#MarketCorrectionBuyOrHODL Today, December 19, 2024, the cryptocurrency market is undergoing a significant correction following statements by the Chairman of the US Federal Reserve, Jerome Powell. Powell stated that the institution has no interest in acquiring Bitcoin, citing legal restrictions. These statements dispelled expectations that the Fed could accumulate Bitcoin as a strategic reserve, especially after the election victory of Donald Trump, who had hinted at such a possibility. As a result, the price of Bitcoin fell to around US$61461959648100,000, registering its largest drop since September.
In addition, the Federal Reserve indicated that it expects few interest rate cuts in the coming year, which could negatively affect digital assets and other risky investments. Analysts suggest that the Fed's stance could influence the cryptocurrency market in the coming months.
Despite the recent correction, Bitcoin remains an asset of interest for institutional investors. In recent months, there has been a significant increase in demand, with investment funds registering significant net inflows. For example, Grayscaleâs Mini Trust ETF recently surpassed $6,146,195,964,81 billion in net inflows.
It is important to note that the cryptocurrency market is highly volatile and subject to influences from government statements and changes in economic policies. Investors should remain alert to updates and consider the risks associated with this type of investment.