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Bitcoin’s dominance keeps increasing as the alts took another massive beating.
Traders anticipate further downside, with approximately $1.05 billion in short positions at risk if Bitcoin returns to its price from the previous day.
Bitcoin’s dominance is on the rise, as the altcoins have plummeted by double digits (again).
Recent news of an impending attack by Iran against Israel has led to a significant selloff in Bitcoin and other cryptocurrencies.
Ethereum developers have set EIP-3074, which brings smart contract-like functionality to wallets, for inclusion in Ethereum’s next upgrade, nicknamed Pectra. However, crypto traders have raised security risks around the proposal, which could enable a malicious agent to drain a wallet’s entire contents through a single transaction.
Uniswap Labs has hiked the fee it charges for token swaps that utilize its interface by .1% for all trades, excluding certain stablecoin and wrapping transactions, on its mainnet and supported Layer 2 networks.
Bitcoin scores an accidental multi-year high as BTC price volatility sends altcoins shooting lower.
- 13:06Scam Sniffer: Google displays fraudulent ads impersonating Usual ProtocolOn December 28, according to Scam Sniffer monitoring, Google displayed fraudulent ads impersonating Usual Protocol. If these scam ads are clicked on, wallets connected and transactions signed, assets may be stolen.
- 13:06Analysis: Ethereum spot ETF's net inflow of funds hit a record high in December, potentially paving the way for a rebound in 2025On December 28, the U.S. Ethereum spot ETF set a new record with net inflows exceeding $2.1 billion in December, almost double the funds flowing in November. The growth of ETF fund inflows is an optimistic signal for Ethereum's price trend, further supporting asset management giant VanEck's forecast that Ethereum will reach a cycle peak of $6,000 by 2025. According to technical chart patterns, crypto analyst TMV stated that Ethereum has entered an accumulation wave which could help ETH prices break through $4,400 in the first quarter of 2025; however if it falls below $2,914 this theory would be invalidated. A spokesperson from Bybit suggested that Ethereum's price might rise above $4,000 before Trump takes office as president on January 20th.(Cointelegraph)
- 11:28Analyst: It is expected that Trump will issue at least 25 executive orders covering cryptocurrency policy and more on his first day in officeAccording to Reuters, the excited anticipation of President-elect Trump's policies will boost the outlook for industries such as banking, energy and cryptocurrency. Michael Rosen, Chief Investment Officer at Angeles Investments said: "People are hoping that taxes and regulations can be reduced or diminished next year, which will help support corporate profits - a major driver of markets." In addition, Trump's inauguration on January 20th next year may also bring some surprises to the market. It is expected that he will issue at least 25 executive orders on his first day in office, covering a range of issues from immigration to energy and cryptocurrency policy.
