They are all frauds. Alt coins should not go under. Whoever is the CEO of alt coins sells them themselves. They manipulate all alt coins. I can no longer trust this market
Flux Bro
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$KAS from $0.2 to $0.09 $TAO from $740 to $360 $ALPH from $3.50 to $0.6 $OCTA from $2.30 to $0.7 Crazy capitulation across most alts
Bitcoin suffered a temporary drop in value as miners sold off a significant portion of their holdings, recently withdrawing more than 3,000 $BTC . Despite this selling, the cryptocurrency showed resilience, with its price rising to $42,900.
The US Securities and Exchange Commission (SEC) is expected to make its decision on the potential launch of the first US-based Bitcoin$BTC ) spot Exchange Traded Fund (ETF) by January 10th. This decision could have significant implications for the cryptocurrency market and regulatory environment.
Over the last 20 days, Bitcoin ($BTC ) has lost its dominance of the cryptocurrency market by four percentage points, sparking an altcoin season. The loss of dominance could mean that major cryptocurrencies are outperforming the leader and absorbing capital.
Bitcoin supporter Max Keiser made statements that will anger Solana ($SOL ) investors.
Bitcoin ($BTC ) supporter Max Keiser, who stated that many altcoins will "disappear" in the past, targeted Solana this time. On December 26, Keiser shared a post with the statements "Solana has started rug-pull".
Max Keiser made a similar prediction a few days ago and shared a joking video about how Solana would fall in 2024. SOL, which has been rising unstoppably especially since October, rose by 325% in about 2 months, reaching $ 123 from the $ 28 band.
As of today, Binance has added 2 altcoins, ORDI and SATS, to its Copy Trade program. Although this move may not seem significant, it could affect the long-term trajectory of ORDI and SATS.
SOL and AVAX, which moved breathlessly upwards during BTC's uptrend, loosened a bit, giving other altcoins a breather. SOL and AVAX, which performed the best in major coins, shone XRP with the selling pressure. At the same time, overcoming a decisive resistance strengthened XRP's hand.
The US Securities and Exchange Commission (SEC) has set a deadline of December 29, 2023 for spot Bitcoin exchange-traded fund (ETF) applications. Meeting this deadline is crucial for applicants aiming to be considered in the first round of approvals, which is expected to take place in early January.
In recent weeks, Dogecoin (DOGE) addresses have increased by more than 35%. This may indicate a possible increase in the value of Dogecoin. This increase in the number of new addresses is considered a positive development for Dogecoin.
According to Santiment's analysis, the number of active Dogecoin addresses reached 1.3 million, a remarkable increase. This increase accelerated especially after December 9, with an increase of 450,000. The number of daily active addresses hovers around 166,000.
Such trends in altcoins could contribute to increased activity on the Dogecoin network and its growth. The number of Dogecoin holders has also increased by more than 400,000 since November, bringing the number of investors to 5.7 million.
Argentina has taken an important step in embracing digital currencies by officially integrating Bitcoin into legal contracts. The move, announced by Foreign Minister Diana Mondino on Thursday, forms part of a broader strategy by President Javier Milei's administration to increase economic freedom and reduce the impact of hyperinflation and devaluation on the country's economy.
#As the new year approaches, Ripple executives have made important predictions for the cryptocurrency industry in 2024. Aaron Sears, the company's Senior Vice President of Global Customer Success, predicts that a period is coming when traditional brands and web2 companies will drive mainstream crypto adoption. In particular, he expects tech giants such as Amazon, Uber and Apple to integrate crypto and blockchain into their business processes, following previous leaders such as PayPal, Mastercard, JPMorgan and Citi.
The US Securities and Exchange Commission (SEC) is showing an increasing frequency of spot Bitcoin (BTC) exchange-traded fund (ETF) filings. December was the busiest month in history for such ETFs, and the SEC appears to be nearing the final stages of the approval process.
The SEC has been holding meetings with spot Bitcoin ETF applicants about structuring and application processes. In these meetings, it is emphasized that ETFs should only be traded with cash. The SEC states that applications that do not accept this condition will not be considered.
This cash structure, which the SEC emphasizes, means that investors will not be able to exchange Bitcoin for dollars or dollars for Bitcoin. Investors will only be able to trade using cash. The SEC is requesting that filings that mention in-kind purchases or redemptions be revised.
ETF issuers are expected to update their S-1 filings for AP (Authorized Participant) approvals, the next stage of the approval process. These updates are expected to be made in the next 10 days and approval before January 8-10 is considered unlikely.
Since the SEC tends to approve all filings at the same time, January 8-10 is seen as the most likely approval period. CoinRoutes co-CEO David Weisberger notes that the SEC wants a cash-generation-oriented amendment and that approval is likely to occur before January 10.
In the meantime, the Bitcoin price is at $43,634 and is attracting interest from buyers below $44,000, pending ETF approval.
Ripple's CTO David Schwartz has predicted a significant transformation in the finance industry through the tokenization of real-world assets (RWAs) such as real estate and commodities on the XRP Ledger. According to Schwartz, this evolution is poised to revolutionize collateralized lending and interoperability within financial systems.
The Hong Kong Securities and Futures Commission (SFC) has given the green light for Virtual Asset Spot exchange-traded funds (VA Spot ETFs) to list on the Hong Kong Stock Exchange (HKEX). This development is a notable departure from mainland China's hardline stance on cryptocurrencies and underscores Hong Kong's push to solidify its position as an international financial centre.
Scheduled for launch on January 12, 2024, the DOGE-1 satellite, funded specifically by the cryptocurrency Dogecoin (DOGE), is drawing attention to the potential effects on the digital currency's market cap. Enthusiasts and investors think that this event could push the value of DOGE above $0.12.
oWorldcoin announced that it has ceased one of its operations in the Indian, Brazilian and French markets. This means that the Orb verification function has been suspended offline. Orb is a system that scans eyeballs and verifies identity. It was designed to facilitate recruitment in regions where traditional identity documents are not available
The company used to offer rewards in USDC to local Orb operators to incentivize offline recruitment. But then they started paying them in their native token WLD.
According to Moneycontrol's report, Worldcoin has "quietly halted" the Orb verification process in India. In addition, foundations such as Tools for Humanity have stated that Orb had limited plans in India, France and Brazil from the beginning.
The S&P 500 and NASDAQ, two of the most important markets in the US, witnessed the sharpest decline in the last 3 months on December 20, losing nearly 2% of their value. In parallel with these declines on the US side, the sudden rises observed in the cryptocurrency market, especially Bitcoin (BTC), attracted the attention of both investors and analysts.
The fact that the cryptocurrency market, which mainly moves in correlation with the US stock market, has moved in the opposite direction in the current days has been interpreted as a signal that market dynamics may be changing.