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At intra-day lows, ADA had dumped over 40% since its recent highs. But the worst might already be over, and 2025 could bring new highs.
XRP temporarily crashed as investors panicked after the Fed's hawkish comments
The new policy will take effect on January 15, 2025.
The proposal outlines a roadmap for the United States to foster growth in the digital asset industry.
Quick Take President-elect Donald Trump announced that Bo Hines, a former college football player who ran unsuccessfully for the House of Representatives in 2022, to lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets. “In his new role, Bo will work with David [Sacks] to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote. Trump also earlier appointed Stephe
Quick Take Securitize, the broker-dealer for BlackRock’s BUIDL tokenized money market fund, has submitted a governance proposal that calls for adding the BUIDL token as a backing for Frax’s soon-to-be-relaunched Frax USD stablecoin. The stablecoin will come with a novel mint-redeem system and could also be backed by assets in tokenized funds managed by Superstate, Frax founder Sam Kazemian told The Block. While it has yet to come up for a vote, early feedback from Frax DAO members for the proposals is univ
- 20:47BTC falls below $97,000The market shows that BTC fell below $97,000 and is now at $96,934.27, down 4.71% in 24 hours, the market fluctuates a lot, please do a good job of risk control.
- 20:44Analyst: Bitcoin's Potential 'Head and Shoulders' Pattern Suggests Drop to $75,000Since late November 2024, BTC's trend has evolved into a “Head and Shoulders” (H&S) pattern in technical indicators, signaling a change in the bullish trend from bearish to bullish, according to Omkar Godbole, a technical analyst on CoinDesk's Markets team. Analysts said the first shoulder pattern was marked by a failed attempt to break above the $100,000 mark in November. This was followed by a head pattern, which quickly retreated to $92,000 from an all-time high of more than $108,000 hit in the second half of December. At the same time, a 5% drop to nearly $97,000 hinted at the formation of a right shoulder. The bearish head and shoulders reversal pattern will be confirmed if the sell-off continues and the price breaks below the neckline (the horizontal trendline connecting the bottoms of the two shoulders), a break below which could signal a further decline to around $75,000.
- 20:40Analyst: Bitcoin's Potential 'Head and Shoulders' Pattern Suggests Drop to $75,000Since late November 2024, BTC's trend has evolved into a “Head and Shoulders” (H&S) pattern in technical indicators, signaling a change in the bullish trend from bearish to bullish, according to Omkar Godbole, a technical analyst on CoinDesk's Markets team. Analysts said the first shoulder pattern was marked by a failed attempt to break above the $100,000 mark in November. This was followed by a head pattern, which quickly retreated to $92,000 from an all-time high of more than $108,000 hit in the second half of December. At the same time, a 5% drop to nearly $97,000 hinted at the formation of a right shoulder. The bearish head and shoulders reversal pattern will be confirmed if the sell-off continues and the price breaks below the neckline (the horizontal trendline connecting the bottoms of the two shoulders), a break below which could signal a further decline to around $75,000.
