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Why Is the Crypto Market Up Today?

In Brief The total crypto market cap surged by $77 billion to $3.49 trillion; holding this level could push it toward $3.64 trillion, while losing it risks a drop to $3.28 trillion. Bitcoin closed above $100,000 for the first time in three weeks, targeting $105,000 support; losing momentum risks a retreat below $100,000. Worldcoin rose…
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Top Crypto News This Week: Frax BUIDL Stablecoin, Sui Token Unlock, Bitcoin Mutual Funds

In Brief Frax Finance votes on using BlackRock’s BUIDL token to back its revamped frxUSD stablecoin, with unanimous support so far. Sui is set to unlock 64 million SUI tokens on January 1, primarily benefiting early investors and contributors. Six Israeli firms are launching Bitcoin mutual funds, but regulatory delays and cratering investment may limit…
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Why Is the Crypto Market Down Today?

In Brief The total crypto market cap drops $50 billion to $3.27 trillion, stuck under $3.28 trillion resistance, with $3.10 trillion critical support. Bitcoin holds $93,625 support, aiming to reclaim $95,668 and target $100,000, but risks falling to $89,800 if bearish trends persist. Bitget Token slides 12% to $6.51, with $4.90 support crucial to prevent…
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Why Is the Crypto Market Up Today?

In Brief The total crypto market cap surged by $91 billion to $3.35 trillion, with $3.28 trillion now a key support for sustained bullish sentiment. Bitcoin reclaimed $95,668 as support and eyes $100,000 resistance; flipping this level could drive it toward $105,000. Meme coin FARTCOIN soared 51%, nearing its ATH of $1.30, but risks a…
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Jump Crypto Unit Settles With SEC for $123 Million Over TerraUSD Misconduct

In Brief Jump Crypto’s subsidiary, Tai Mo Shan, agreed to a $123 million settlement with the SEC. The SEC accused the firm of deceptive practices during the UST algorithmic stablecoin depeg. This settlement follows broader regulatory actions against Terraform Labs and its founder Do Kwon. Jump Crypto’s wholly-owned subsidiary, Tai Mo Shan, has agreed to…
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Crypto Whales Bought These Altcoins in the Second Week of December 2024

In Brief Crypto whales bought $35 million in AAVE, boosting its price by 42% in a week. Continued buying could push it higher, barring profit-taking. Whale purchases of 6.30 million VIRTUAL fueled a rally to a new all-time high. The altcoin’s price could surpass $2.30 if buying persists. ONDO’s 17% price gain follows 7.34 million…
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Bitwise Predicts Bitcoin at $200,000 and Major Gains for Crypto Stocks in 2025

In Brief Bitwise predicts Bitcoin reaching $200K and record highs for Ethereum and Solana in 2025. Coinbase may join the S&P 500, and MicroStrategy could enter the Nasdaq-100. Stablecoin assets are expected to double to $400B with U.S. legislation progress. Asset management firm Bitwise has issued ten highly optimistic predictions for the crypto market in…
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Why Is the Crypto Market Down Today?

In Brief The crypto market cap dropped $84 billion to $3.53 trillion. Holding $3.49 trillion support is crucial to avoid prolonged bearish pressure. Bitcoin (BTC) fell below $100,000 to $99,162, risking a decline toward $95,000 if bullish momentum isn’t reclaimed. PNUT slid 6.37% to $1.35, needing to flip $1.69 into support to regain upward momentum;…
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Crypto Whales Invest $65 Million in Polygon (POL) Amid 12% Price Surge

In Brief On-chain data shows that crypto whales have accumulated POL tokens worth $65 million over the last seven days. The number of Polygon bulls have outpaced the number of bears, reinforcing the bullish sentiment around the token. POL has formed an inverse head and shoulders on the 4-hour chart, suggesting that the price could…
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3 New Cryptos Launched This Week to Keep an Eye On

In Brief MAYA: With a $21.4 million market cap and 36,000 holders, MAYA rose 40% in 24 hours, maintaining an RSI of 42.44, signaling growth potential. Banana: Achieved a $36.6 million market cap and 14,000 holders in 3 days; RSI of 58 indicates cautious growth opportunities ahead. Jorgie: Garnered 22,000 holders and a $14.3 million…
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