Bitcoin has recently experienced a decline after a modest rally during the Christmas period. Market participants are taking profits, putting downward pressure on the leading cryptocurrency's price. The price of BTC may soon fall below the critical $90,000 mark due to weakening buying activity.

One indicator, the Ichimoku Cloud, shows that BTC's price has fallen below the Leading Span A, indicating weakening momentum and a potential bearish shift. This suggests diminishing strength in the asset's uptrend. Additionally, the negative Chaikin Money Flow confirms the waning demand for BTC, with selling pressure dominating and more outflow of money than inflow.

If the demand weakens ...

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Cardano (ADA) is facing a downturn along with other top cryptocurrencies like Ethereum and XRP as Bitcoin approaches $95k. The ADA trend is showing significant downside risk as the price falls below $0.90, potentially driving it down to $0.70.

On the 4-hour chart, Cardano's price is forming a bearish channel pattern and has broken below a key support trendline. This suggests a continuation of the downtrend, with a bearish engulfing candle forming on the verge of closing below the support trendline. This increases the likelihood of a drop to the psychological support level of $0.70.

The 4-hour chart also shows a bearish crossover on the 200 EMA and the RSI has entered oversold ...

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Shibarium, the official blockchain of the Shiba Inu ecosystem, has achieved two significant milestones in terms of the number of wallets and total transactions.

▪ The network has surpassed 600 million transactions and reached over 2 million wallets. This surge in user activity can be attributed to increased interest in interacting with different DeFi protocols on Shibarium. The milestone was celebrated by the Shiba Inu community as a testament to their strength and passion.

▪ Additionally, Shibarium has recorded other impressive feats, such as reaching an all-time high total value locked (TVL) of $10.4 million, with K9 Finance DAO leading in TVL. The number of user accounts on Shibarium has also increased significantly, demonstrating a surge in user activity. These achievements highlight the growing popularity and success of Shibarium as a Layer-2 blockchain.

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Renowned commodity trader Peter Brandt has issued a warning to younger investors, stating that Bitcoin is no longer a path to quick wealth. Brandt emphasizes that the cryptocurrency's exponential gains during its early days are a thing of the past, and investors should adjust their expectations accordingly.

🔸 Despite Bitcoin's recent rally in November, where it surged by over 37%, it failed to break the $100,000 mark. However, some industry experts, such as Galaxy Digital CEO Mike Novogratz and venture capitalist Tim Draper, believe that Bitcoin still has room for growth. Novogratz predicts that Bitcoin could surpass gold in market cap within five years, while Draper forecasts a potential 30-fold increase in price.

🔸 MicroStrategy co-founder Michael Saylor takes a long-term perspective, envisioning Bitcoin reaching $13 million.

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Crypto analytics platform Phoenix has released data on the most-searched cryptocurrencies on CryptoRank over the past week. The top three coins drawing attention from traders and investors in the DeFi space are Degen ($DEGEN), Portal ($PORTAL), and Moo Deng ($MOODENG). Other coins on the list include Secret Network ($SCRT), Sender AI ($ASI), Mog AI ($MOG), Neiro on ETH ($NEIRO), Simon's Cat ($CAT), Open Loot ($OL), and Turbo ($TURBO). However, while these coins are highly searched, their price performance has been mixed. For example, Degen ($DEGEN) has seen a decline of 24% in the last week, highlighting the speculative nature of the market. On the other hand, Secret Network ($SCRT) ...

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XRP, the cryptocurrency associated with Ripple, has surged past the $1 mark, reaching a three-year high. This surge has propelled XRP to overtake Dogecoin and secure the sixth spot in the cryptocurrency rankings by market capitalization.

The price of XRP has soared by more than 85% in the past week, hitting a high of $1.268 in Saturday's trading. This is the highest level seen since November 2021. Several factors have contributed to this price surge, including favorable regulatory developments and increased activity from large investors.

The legal battle between the SEC and Ripple has had a significant impact on the price of XRP. However, recent events suggest that the regulatory ...

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XRP has surged above $1 for the first time in over three years, putting concerns about its long-term sustainability to rest. Analysts predict further upside for the token, citing its dominance in the cryptocurrency market, which has reached a significant milestone of 1.66%. Historically, this level has acted as a launchpad for upward movements, with an average continuation of 740% in similar scenarios. If this trend continues, XRP's market capitalization could soar to $444 billion, translating to a price of approximately $8. The surge in trading volume and bullish indicators, such as the relative strength index (RSI) and Harmonic Patterns, further support the optimistic outlook. ...

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Shiba Inu (SHIB) has seen a significant increase in on-chain activity, with 17 trillion SHIB being transacted in the past day. This surge indicates renewed interest from SHIB investors, with both buying and redistribution activity taking place. The number of large transactions, which are important trades involving whales, has reached record highs, with 1.12K transactions in the last day alone. This spike in trading volume suggests that there may be a significant price movement for SHIB in the near future.

The increase in significant transactions indicates that a significant amount of capital is either entering or leaving SHIB. This could be a result of recent price increases and ...

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Nexo, a digital assets wealth platform, has evolved to meet the growing demand for institutional-grade services in the crypto market. With over $8 billion in credit issued and zero security breaches, Nexo has established a strong track record. The platform offers a yield generation system that provides up to 14% annual interest through Flexible Savings and up to 16% for Fixed-term Savings. Nexo has also solved the challenge of accessing liquidity without triggering taxable events for long-term crypto holders. Their hybrid card system allows users to seamlessly switch between debit and credit, maintaining their crypto exposure while accessing spending power. Nexo's comprehensive ...

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In a significant development, data from XRPL validator Vet reveals that 99% of the entire supply of the RLUSD stablecoin has been generated within a single day.

📣 Over the past 24 hours, a total of 800,000 RLUSD tokens have been minted, indicating that the project is nearing its launch. Ripple, the company behind RLUSD, initially announced the stablecoin in April and began beta testing in August.

📣 Initially, the stablecoin would be available only to Ripple's enterprise partners, as the company seeks to tap into the growing demand for stablecoins. Despite facing legal challenges, XRP, the cryptocurrency associated with Ripple, has shown impressive strength.

📣 The upcoming launch of the RLUSD stablecoin is expected to further boost the XRP token. Ripple's president, Monica Long, has previously hinted that the XRP token will be launched this year.

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