Author: Crypto News Live
The cryptocurrency market has endured a significant downturn that wiped around $300 billion from its total market capitalization amid a wider sell-off in risk assets after the Federal Reserve cut interest rates by 25 basis points and signaled a more hawkish stance. The Federal Reserve’s Chair, Jerome Powell, pointed to a potential easing of interest rate cutting in the next year, which impacted investor sentiment across risk assets and briefly saw the price of Bitcoin below $100,000, with the cryptocurrency now trading at $99,500. Similarly, the price of Ethereum’s ether plunged from around $4,000 to now stand around the $3,550…
BTC, ETH, and XRP defended crucial short-term support levels. Will they bounce back to their new highs ahead of Christmas? On Wednesday, 18th of December, the US Fed made another 0.25% interest rate cut, but its 2025 hawkish projection triggered Bitcoin’s [BTC] decline to $100K. During the same trading session, Ethereum [ETH] dropped 6.8% while Ripple [XRP] dumped 10%. All the major digital assets eased at short-term support levels as analysts remained optimistic about risk-on assets. So, will the big three bounce back or slide lower? Let’s explore charts for insights. Bitcoin defends $100K: Will ETH, XRP rebound? Source: BTC/USDT,…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. TON, Immutable, Ronin—the rise of gaming chains is one of this year’s major web3 stories. The Open Network, Telegram’s “official web3 infrastructure,” is a good example of this success by enabling in-app onboarding and new levels of engagement and reward. TON simply makes it easier for builders to build and players to play, demonstrated by year-defining titles like Notcoin, Hamster Kombat, and BANANA. After starting the year with just over 4M on-chain accounts, TON will finish the…
XRP and ETH are in a tight race to attract capital from Bitcoin as market sentiment turns cautious. XRP has the potential to carve out its own asset class distinct from BTC by 2025. Once again, the crypto market’s resilience is being tested as the FOMC wraps up 2024 with a “speculative” twist. The third and final interest rate cut of the year—also the third in just four months—sparked a sharp sell-off in Bitcoin [BTC]. A long red candlestick erased five days of gains, dragging BTC’s price below the critical $100K mark. But this might just be the start. The…
H3at Studios has helped the Magic Eden NFT marketplace to garner more than 100 million views across the digital realm. The Dubai-based content-creator firm has partnered with dozens of web3 startups to amplify their digital presence with quality 3D videos. H3at Studios is well positioned to grow exponentially ahead as the web3 industry disrupts traditional financial services and entertainment. H3at Studios, a Dubai-based fast-growing media production company focused on the Web3 industry, was a major contributor to the success of Magic Eden’s $ME token airdrop. H3at Studios partnered with Magic Eden, a multi-chain non-fungible tokens (NFTs)marketplace, to create compelling content…
contributor Posted: December 19, 2024 Ethereum struggled below $4,000, with Binance outflows suggesting potential long-term accumulation. Negative social sentiment mirrored December 2023 trends, potentially signaling a bullish recovery for ETH. How large withdrawals could impact ETH price? Approximately 20.8 million ETH have been withdrawn from centralized exchanges over the past two months, a trend reminiscent of the 2021 bull market. Binance has been central to this movement, accounting for over 7.8 million ETH, or 33-39% of the total outflows. CryptoQuant analyst Crazzyblockk suggests these withdrawals may signal long-term accumulation or staking, reflecting investor confidence. These significant outflows from Binance indicate…
zkLink, the Aggregated Layer3 zkEVM Network, has announced an exciting partnership with Yuliverse, the global leader in location-based games. This partnership was announced through the X account of zkLink on Twitter. We are thrilled to announce our partnership with @TheYuliverse, the global leader in location-based games!Together, we are planning to incorporate web3 gaming elements into our ecosystem. More on this announcement soon 🔥🤝#zkLink $ZKL pic.twitter.com/1PK6CxUeDW — zkLink | Aggregated Rollup 🐊 (@zkLink_Official) December 18, 2024 zkLink and Yuliverse Bridge Traditional Gaming and Web3 with Blockchain Innovation These two companies will seek to incorporate Web3 gaming components into the zkLink network.…
Este artículo también está disponible en español. Sentiment for Ethereum (ETH) has reached its lowest levels in a year as the second-largest crypto by market capitalization struggles to reclaim the $4,000 mark. Despite investors’ sentiment, some analysts suggest that the King of altcoins is about to kickstart its bullish run to new highs. Related Reading Ethereum Sentiment Drops To Yearly Low According to crypto analyst Ali Martinez, Ethereum social sentiment has hit a one-year low amid its struggle to turn the $4,000 resistance into support. Per the post, this metric reached its most negative levels since December 18, 2023, when…
contributor Posted: December 19, 2024 Base surpasses Ethereum Mainnet in daily transactions, marking a milestone for Layer 2 growth With $4 billion TVL, Base achieves rapid, organic adoption without token incentives or rewards In a historic first, Base, the Layer 2 blockchain developed by Coinbase, has surpassed Ethereum[ETH] Mainnet in daily transaction volume. This milestone marks a significant turning point for the Ethereum ecosystem. Layer 2 solutions like Base are enhancing Ethereum’s scalability and proving they can outperform the network they’re built on. What’s groundbreaking is the blockchain’s growth without relying on incentives like token rewards or airdrops. Instead, its…
The Ethereum market has recently seen a notable shift, with significant outflows from centralized exchanges sparking discussions about the near term trajectory of the cryptocurrency. Amid this, Ethereum has recorded a 2.4% decrease in the past 24 hours with a current trading price of $3,858, marking a 21.1% decrease away from its all-time high of $4,878 seen in 2021. Ethereum Withdrawals from Binance Surpass 7.8 Million ETH Data from CryptoQuant reveals that approximately 20.8 million ETH have been withdrawn from centralized exchanges in the past two months, a trend reminiscent of the 2021 bull market. Binance has played a central…
