#TrumpMarketInsights The TRUMP memecoin broke records ahead of Inauguration Day, eventually reaching a total market cap of over $12 billion.
The virtual currency elites who saw Donald Trump as the savior of crypto are now upset by his recent multi-million dollar meme sale. Investor Ari Paul called it “gouging people for billions”; former Trump associate Anthony Scaramucci said it was “dictator-level corruption”; and former Coinbase Global executive Balaji Srinavasan described it as a “lottery” with no wealth creation.
They are of course right to be wary of the hidden mix in Trump’s meme coin, which combines money-raising, MAGA worship, and tokenomics. This is about a man convicted of fraud whose idea of a last-minute announcement before being inaugurated as the most powerful person in the world was to promote the sale of 20% of a currency with no intrinsic value, minting billions out of thin air and leaving the remaining 80% in the hands of insiders $TRUMP
#ChristmasMarketAnalysis Bitcoin (BTC) is trading today, December 23, at US$94,872.44 (ARS $112,803,336), according to the Lemon platform.
This price positions it 1.59% compared to its value 24 hours ago and 9.49% compared to the same day last week.
The current market capitalization of the token is US$1,882,763,083,244.
Ethereum (ETH), the second cryptocurrency with the largest market capitalization, registers a price of US$3,267.67 (ARS $3,885,254). In the last 24 hours, its value changed by 1.8%.
Among the main altcoins - the alternative tokens to bitcoins - BNB, the cryptocurrency of the Binance platform, is trading at US$656.91 (ARS $781,069). Cardano (ADA) is at US$0.88 (ARS $1,047) and Solana (SOL) at US$182.06 (ARS $216,470). $BTC okkk perfect The term crypto winter or crypto crash was coined in the first major fall of cryptocurrencies, which occurred just before the last boom, in which bitcoin touched US$69,000, in November 2021. It is noted that it is determined by a “fairly basic” rule, supply and demand. “When more people want to buy, the price goes up. And when no one is interested, the price goes down,” he summarizes. But he clarifies that the same thing does not happen as on Wall Street. “Cryptocurrencies are not company shares. They are, as you know, digital money, and that means that no one regulates them, no authority issues them and, of course, there are no banks to hold them. So, as they move without any control, the rises and falls are frenetic,” Barría said in the report.
#BTCOutlook Those who were waiting for a significant correction to buy Bitcoin (BTC) received this “gift” on the morning of Friday, December 20. With a drop of 7.2%, BTC experienced its largest correction since November, falling from $102,000 to the region of $94,000.
This movement continued the correction from Thursday, December 19, which liquidated over $400 million in leveraged positions in the market. Within the Top 10, Dogecoin (DOGE) suffered a sharp decline of 20%, while Ethereum (ETH) dropped to $3,200, registering a loss of 13% in the last 24 hours.
In the Top 100, the destruction of value was even greater, with practically all cryptocurrencies plummeting sharply. Only stablecoins showed a positive performance during the morning, while FTM recorded the largest drop of the day at 23.9%.✅️
The Federal Reserve (Fed) cut the interest rate on Wednesday by 25 basis points, lowering the federal funds rate to a range of 4.25%.
The decision to cut rates by 25 basis points aligned with the expectations of market participants. However, the cryptocurrency market fell after the Fed's decision.
This is because the market reaction may not be linked to the rate cut decision for December, but rather to the outlook for 2025.
Fed Chairman Jerome Powell indicated that the central bank revised its outlook for 2025 and reduced potential cuts from 4 to 2. This suggests a more hawkish outlook for the new year, causing a massive sell-off across the cryptocurrency market.
Additionally, the Fed raised its PCE inflation expectations from 2.1% to 2.5% by the end of 2025, indicating that inflation could rise in the new year.
It could also affect the current bullish rally that the cryptocurrency market has been experiencing, as investors now anticipate unfavorable market activity in the coming year.
After the announcement, Bitcoin dropped to $100,314, falling 5.4% while the entire cryptocurrency market reduced its market capitalization by $200 million.
Most major altcoins fell along with Bitcoin, including Ethereum, which has dropped more than 6% in the last 24 hours.
Other tokens include XRP, Solana, and Dogecoin, which have decreased by 10%, 7%, and 9%, respectively.
The recent drop triggered liquidations worth $675 million in the last 24 hours, with Bitcoin and Ethereum witnessing long liquidations of over $100 million each.
The stock market also began to experience losses, with the S&P 500 sharply falling after the Fed's decision, indicating a close correlation between cryptocurrencies and stocks in response to the Federal Reserve's decisions.
#BTCNextMove I would think it will go to less than 80k now the delusional ones who bought at 100k will say it's a scam but that's what they get for being delusional and not holding and reserving their money, they are going to lose, I'm telling you, cry they have no other way out because everything is already lost for you and what will you do? They will say 90k is the bottom, they will buy more and then say oh no, I'm trapped again with the drop to 80k and then they will buy more, they will get into debt, sell properties, cars and then it will drop and drop more when they can no longer stand that it's at 50k$BTC they will say I can't take it anymore, I need to recover, it will rise to 80k and they will buy at highs saying this is the one and then it will drop to 30k, and it will hurt them more and more, when it's at 20k everyone will say it's a scam, and then it will rise like foam to 200k and without having learned, they will buy again at highs, and they will say it's the worst, cryptocurrencies are a scam, but the reality is that their mentality is so poor and we can take advantage of that so thank you very much for giving us your money, thank you for giving me free money, what some lose I gain, thank you very much, total thanks, let's go bitcoin to 50k soon! The future is in your hands, don't give up and hold on, anything can happen in these volatile markets, where everything can grow and everything can drop, just wait for the moment to invest and reinvest, cheer up for you!! EVERYTHING is in your hands, calculate every step and movement.
Binance launches tool to identify tokens with growth potential. #BinanceSquareFamily Binance has announced a new feature: Binance Alpha, an integrated tool on the platform that will highlight cryptocurrency projects in early stages.
Starting December 18, 2024, users will be able to access a selection of cryptocurrencies with significant potential within the Web3 ecosystem. The initial launch will include ten tokens, divided into two stages on the first day. Subsequently, Binance will present another ten tokens on December 19 and ten more on December 20. The announcement, made on Tuesday the 17th via Binance's official site and its social media, has generated excitement in the crypto community.
In particular, investors in memecoins see Binance Alpha as an opportunity to boost projects in which they are involved, as reflected in the comments on the announcement on X.
"The tokens in Binance Alpha are carefully selected using industry expertise and advanced analyses from Binance, highlighting those with strong community interest, high traction, and alignment with key trends shaping the crypto space," explains Binance's official statement.
Opportunities in Binance In addition to being useful for project creators, the new tool will be an attractive solution for investors. It is common to find memecoins in early stages with very low acquisition costs, but which then increase in value as they gain popularity.
An example is the case of the token $PEPE, which entered the market in April 2023 at a price of $0.00000019 USD per unit. It currently costs $0.00002138 USD, representing a return on investment (ROI) of 11,152% in less than two years.
By presenting new cryptocurrency projects to its more than 244 million users, Binance aims to bring greater transparency to the asset selection process.
According to the statement, Binance Alpha will function as a pre-selection pool once its value is listed.
Earn 0.5 EIGEN equivalent to 2.5 usdt from the new event 🎁👀 Eigen is one of the digital currencies that can be linked to projects based on Blockchain technology. If the "Learn & Earn" event offers rewards in Eigen, this indicates that the platform seeks to increase users' awareness of the currency and promote it. $EIGEN EIGENUSDT Perp. 4.94 -0.06% Steps to benefit from the Eigen coin in the "Learn & Earn" event: 1. Subscribe to the event: Sign up on the platform that organizes the event (such as Binance, Coinbase or other platforms that support Learn & Earn). Look for the "Learn & Earn" section. 2. Learning: Watch educational videos or read articles that explain the Eigen coin and its uses. Often, educational materials cover: Own project. The technology that supports it (such as DeFi or blockchain). Currency applications in the market. 3. Answer questions: After reviewing the content, you will need to answer a short questionnaire. Make sure you answer accurately to get the reward. 4. Receive the reward: After completing all the steps, 0.5 Eigen will be added to your digital wallet linked to the platform. Important notes: Check conditions: Check the required conditions, such as eligible countries or new accounts. Coin value: Check the market value of the Eigen coin and how it can be traded. Data protection: Use reliable platforms to avoid fraud. If you need more details about Eigen or ways to use it, I can help you! $EIGEN