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1. China Announces Large-Scale Stimulus Measures In 2024, China’s central bank unveiled its largest stimulus package since the pandemic on September 24, aiming to steer the economy out of deflation and back toward the government’s growth targets. The measures included lowering borrowing costs, injecting additional funds into the economy, and reducing household mortgage burdens. Following the announcement, Chinese stock and bond markets surged, Asian equity markets reached a two-and-a-half-year high, and the yuan rose to a 16-month high against the US dollar. On October 12, Finance Minister Lan Fo’an announced at a press briefing that the government plans to significantly increase the debt ceiling in a one-time adjustment. This move aims to restructure and replace local governments’ implicit debt and provide substantial support to mitigate regional debt risks. Once the policy undergoes the necessary legal procedures, detailed explanations will be shared publicly. This initiative represe...

Bitcoin prices could hit $1 million with a U.S. strategic reserve, says Bitwise Asset Management. The crypto market volatility is under the spotlight as U.S. states consider Bitcoin reserve plans that could reshape digital currency values. Source: TradingView Also Read: Can Solana (SOL) Reach $400 In January 2025? US Bitcoin Strategy and Reserves: Impact on Market Volatility and Investment State-Level Bitcoin Initiatives Two states lead the U.S. BTC push. Pennsylvania wants to put 10% of state funds into BTC through its Strategic Bitcoin Reserve Act. Texas, the eighth-largest economy worldwide, plans a BTC reserve using private donations. “The bitcoin will come from donations from Texans, U.S.-based companies, and other sources of existing state resources,” explains Lee Bratcher, president of the Texas Blockchain Council. “No taxpayer funds will be spent on buying bitcoin in order to maximize the chances of the bill passing.” Federal Reserve’s Position The...

Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE), was at the top of its game over the past couple of months. At the beginning of the year, the asset was trading at a low of $0.77, but throughout the span of 12 months, DOGE surged by 254% and rose to a notable high of $0.4835. While the meme coin has currently taken a backseat, the community is expecting DOGE to start the new year on a bullish note. Also Read: De-Dollarization: How Russia’s Digital Ruble & US Bitcoin Reserves are Shaping Finance Dogecoin Dips On The Last Day Of 2024\ Source: CoinGape It looks like the bears were settling well in the Dogecoin market. The meme coin was seen recording a nearly 3% drop over the past 24 hours. During the time of writing, the meme coin was trading at $0.3188. This marks a notable drop from its recent high. Source: CoinMarketCap Despite its recent drop, the meme coin market recorded increased volumes. This rise was attributed to whale activity in the Dogecoin network. Whales bought ov...

Venture capitalist Chris Burniske says crypto investors with long-term conviction should be chomping at the bit for entries into the market amid the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says that Bitcoin (BTC) has likely already printed its lows for the bull run, and given that “quality alts” are down significantly, opportunities for the crypto bulls are abound. “Loving where the market is right now. BTC is making PTSD (post-traumatic stress disorder) people fear a precipice when it’s already filled the liquidation wick and fell as far as ~15% from its recent highs. Quality alts are holding or putting in higher lows on a number of important timeframes. Funding rate and sentiment reveal the blood has drained out of late-blooming bulls’ faces. Santa gave relief for a day but didn’t deliver in full. That said, given all the bullish developments of Q4 that are ...

A closely followed crypto analyst is predicting where the price of Bitcoin (BTC) and Solana (SOL) will peak during the current market cycle. In a new video update, the host of InvestAnswers tells his 552,000 YouTube subscribers that he’s expecting the top crypto asset by market cap to soar by at least 43% from current levels before the bull market expires. “I’ve upped my Bitcoin price target to $136,000 from $120,000 with a super bull target of $154,000… Bitcoin is a peculiar animal – it’s all based on demand and supply. If the demand continues as it does, yes, these targets are very easily achievable, which is hard to believe. If you [were to] ask me this in 2023, I’d say ‘Whoa that’s bullish.’ Also, I do believe the spot ETFs (exchange-traded funds) will continue to add at least another $48 billion in 2025. That’s how much they added in 2024.” According to the analyst, the crypto king should peak some...

The Phala Network price soared 70% in the last 24 hours to trade at $0.4765 as of 9:20 p.m. EST on trading volume that skyrocketed 243% to $804 million, according to CoinGecko.  Phala Network Price Indicators Show A Sustained Bullish Rally The Phala Network price Analysis on the 4-hour chart displays a strong bullish trend in recent days. The price has experienced a sharp surge, breaking through significant resistance levels. A notable parabolic move has formed, highlighted by a steep upward trajectory following the consolidation phase near $0.17, driving the price of Phala Network to an all-time high of $0.5536.  The 50-day Simple Moving Average (SMA) at $0.20 and the 200-day SMA at $0.17 have both been decisively crossed, indicating that the Phala Network price bullish momentum is dominant. This cross of the 50 SMA above the 200 SMA forms a golden cross around $0.1665, which is a strong bullish signal. Meanwhile, the Relative Strength Index (RSI) value of 79.77 indicat...

The crypto market has experienced a significant downturn recently, with a staggering $500 billion wiped out in just a few days. This swift correction has erased much of the gains made during December, highlighting the volatile nature of digital assets. However, despite the immediate impact, there remains optimism as long as the $3 trillion market cap floor holds steady. Historically, moments like this have been followed by a recovery, with new market cycles emerging. For those navigating the ups and downs, identifying promising altcoins amidst the current chaos can provide opportunities, especially as meme coins and ICOs continue to capture attention in the space. Among these, tokens like Peanut the Squirrel, Doge2014, Mother Iggy, Bonk and Wall Street Pepe are showing potential for recovery and growth, making them worth keeping an eye on in the coming months. Peanut the Squirrel (PNUT) Peanut the Squirrel experienced a significant surge, quickly rising to a market cap of $2.2 bil...

The prison sentence for Ryan Salame, the former FTX Digital Markets co-CEO, was reduced by 1 year. Following the shortened prison time, Salame’s release date was changed from around April 2032 to March 1, 2031, according to Bureau of Prison records . The reasons for the reduced sentence remain unclear. Judge Initially Sentenced Ryan Salame To 7.5 Years In Prison Salame pleaded guilty to engaging in campaign finance fraud and conspiracy to operate an unlicensed money-transmitting business in September 2023. His attorneys sought a shorter prison sentence no longer than 18 months initially, arguing that Salame’s asset forfeitures were already a significant punishment. They also claimed that he was unaware of the fraud at FTX. Ryan Salame’s sentence shortened by a year after showing good behavior in prison. A controversial move, given his involvement in one of crypto’s biggest collapses. #FTX #CryptoFraud #RyanSalame pic.twitter.com/M4YBbsNZDg — Mrliss...

Bitget Token (BGB) emerges as a breakout star, posting unprecedented gains. Market analysts take notice of its exceptional performance. Will $10 prove the ultimate test of BGB’s resolve? BGB Key Statistics Current Price : $7.30 Market Cap : $10.12 billion Trading Volume (24h) : $1.4 billion Circulating Supply : 1.40 billion BGB Total Supply : 2.00 billion BGB CoinMarketCap Ranking : #19 BGB has surged an impressive 60% over the past week, reflecting its growing market momentum. Even more striking is its 369% rally over the last 30 days. This remarkable performance places BGB in the spotlight as one of the most dynamic assets in the crypto market. BGB/USD Market Key Levels Resistance: $7.50, $8.50, $10.00 Support: $6.00, $5.00, $4.00 BGBUSD – Daily Chart Bitget Token (BGB) currently trades at $7.30, exhibiting impressive bullish momentum despite a broader bearish market environment. Positioned above the upper boundary of the Keltner Channel, this price sugg...

On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system using the XRP Ledger. On January 1 (Wednesday), the company will unlock over $2 billion worth of tokens in three transactions of 200 million, 300 million, and 500 million XRP. Interestingly, January 2025’s unlock accounts for 1.74% of the current 57.25 billion circulating supply. Moreover, accrues for 2.63% of the remaining 38 billion XRP tokens locked in escrows under Ripple’s control. Three escrows will reach finality in the last minutes of December 31, held by two known wallet addresses Ripple owns. In particular, ‘Ripple (24)’ will unlock 200 and 300 million XRP, previously locked in December 2020 and January 2021. Picks for you Shiba Inu flashes new buy signal; Is rebound imminent? 34 mins ago ...

The SPX6900 price has surged 17% in the last 24 hours to trade at $0.7724 as of 7:05 a.m. EST on a 44% pump in trading volume to $44 million. SPX6900 Price Rides The Head And Shoulders Pattern The 4-hour chart for SPX/USDT indicates a bullish outlook, with a head and shoulders reversal pattern forming a strong foundation for upward momentum. The head of the pattern is around $0.65, while the shoulders are at $0.70, creating a symmetrical structure. The neckline, serving as a key resistance level, is positioned at $0.78. Currently, the price is trading at $0.7724, just below the neckline. A breakout above this level could confirm the bullish reversal. SPXUSDT Analysis Source Tradingview Moving averages further support the bullish sentiment. The 50-period MA at $0.7064 has acted as dynamic support during the recent rebound, while the 200-period MA at $0.6563 aligns with the head’s base, providing significant support. The upward crossover of the 50-period MA above the 200-peri...