Coinedition
Altcoins face reduced leverage, signaling cautious market sentiment this week. BONK struggles with bearish momentum, testing key support levels for stability. WIF and DOGE show consolidation patterns, with critical resistance limiting gains.
Anthony Apollo excluded Cardano from the Wyoming Stablecoin project. Apollo thinks Cardano is not decentralized. Cardano satisfied four of the five requirements from the commission.
Bitcoin could soar to $200K in 2025, driven by institutional adoption and ETF flows. Coinbase is forecasted to join the S&P 500 and surpass Charles Schwab in valuation. Stablecoin adoption and tokenized real-world assets are set to double, reshaping global finance.
Coinbase’s asset-agnostic policy faces scrutiny over wBTC delisting and cbBTC launch. BiT Global’s lawsuit highlights concerns over fairness in crypto exchange policies. wBTC growth persists despite Coinbase’s delisting and rise of competitor cbBTC.
Altcoins lead as Bitcoin’s dominance drops below 60% on December 14, 2024. The Altcoin Season Index shows a market shift with altcoins outperforming Bitcoin. Historical patterns suggest Bitcoin may regain dominance after altcoin rallies.
The court mandates the SEC to file its principal brief in the Ripple lawsuit by January 15, 2025. The pretrial conference is set for December 19, while the trial will begin on January 21, 2025. The XRP community remains optimistic about the potential influence of Trump’s victory on the case.
ZetaChain mainnet block production halted due to a consensus failure from the v20.0.6 update. Validators return to the stable v20.0.5 version, with network resumption expected soon after resync. ZETA token experienced a price drop and bearish signals in the market amid the network downtime.
Mog Coin (MOG) crashed a whopping 9.96% in the past 24 hours. NEIRO and BRETT also dropped 10.8% and 7.55%, respectively. POPCAT and DOGE are up 56.69% and 46.46% in the past 30 days.
Bitcoin surged to $73,600 on Tuesday, climbing above significant resistance. A crypto analyst described Bitcoin’s recent surge as a preparation for the bull run. The analyst predicts a $175,000 target for Bitcoin in the current cycle.
BitMEX co-founder Arthur Hayes announced support for Smoking Chicken Fish (SCF). SCF crashed a massive 5.33% in the past 24 hours. SCF is down 63.19% from the ATH which was witnessed not long ago at $0.1463.
