BlackRock, Nasdaq and SEC Meet for Bitcoin ETF
According to a published document, representatives from BlackRock, Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in a month to discuss regulatory changes required for the Bitcoin ETF listing. The memo states that the subject of discussion is NASDAQ Stock Market LLC’s proposed rule change for the listing and trading of iShares Bitcoin Trust shares pursuant to Nasdaq Rule 5711(d).
Solana Market Cap Surpasses XRP
On December 20, the value of Solana’s native token, SOL, rose 13.8%, crossing $82 for the first time since May 2022. After a 33.5% increase in the last two weeks, SOL’s market capitalization surpassed XRP for the first time.
Bitcoin Miners Break Record and Collect $23.7 Million in Daily Fees
An analyst at CryptoQuant reported that miners reached an unprecedented milestone by collecting record-breaking daily fees of $23.7 million. The growing use of the Bitcoin network is directly responsible for the increase in mining revenue and fees. This was most noticeable on December 16, when wages crossed the $23.7 million threshold. This enhanced fee collection coincides with a period of increased demand for block space due to significant commercial activity on the Ordinals protocol.
$50 Million Liquidated as Bitcoin Tops $44,000
According to Coinglass, the digital asset market has seen a total liquidation of over $160 million in the last 24 hours. About $100 million or the majority of the liquidation volume came from short trades. Around $50 million was liquidated in Bitcoin alone, the majority of which were short transactions. Given that the majority of liquidated positions were trades against the market, this trend points to a positive sentiment in the market.
Ripple Receives VASP License from Central Bank of Ireland
The Central Bank of Ireland (CIB) has approved crypto payment network firm Ripple as a virtual asset service provider (VASP). Ripple announced that it has been added to the CBI’s list of registered VASPs, allowing the firm to offer certain digital asset services in Ireland. With the approval, Ripple will be able to act as a natural or legal person when performing a move from one address or account to another.
TRES Expands Operations to Blockchain Industry
TRES, a cryptocurrency accounting and taxation reporting platform, has raised $11 million to expand its service to the blockchain industry. According to Wednesday’s announcement, the company currently supports more than 100 layer-1 and layer-2 networks, including Bitcoin, Ethereum, Solana and Avalanche, and aims to add support for ‘new blockchains’ every week. TRES currently serves clients with total assets worth $19 billion and helps them manage, monitor and reconcile their digital asset activities.
Phantom Wallet Announces Addition of Support for Bitcoin, Ordinals and BRC-20 Tokens
Phantom, a Solana wallet created by Ethereum developers, announced that users can now trade and transfer Bitcoin, Ordinals and BRC-20 tokens. Phantom raised $109 million in ‘Series B’ financing in early 2022.
CryptoQuant Expects Bitcoin Price to Reach $160K in the Next Year
CryptoQuant mentioned that the Bitcoin price could reach 160 thousand dollars next year, highlighting various indicators, including the Bitcoin halving event expected to take place in April, the activity in the Bitcoin network with the increase in demand, and the growth in stablecoin liquidity. In addition, they explained that they think macroeconomic factors such as interest rate cuts expected next year are favorable for Bitcoin’s rise.
———————————————————————————
BITCOIN(BTC)
Bitcoin is priced at $ 43,617 with a 0.12% loss in value as of today morning hours. Yesterday afternoon, the $ 44,300 level was tested again, but there was no break above $ 45,000. If above $ 43,500 is maintained, $ 45,000 can be exceeded soon. Pricing below $ 43,500 may lead to a retest of 42,500 support.
ETHEREUM(ETH)
ETH, which lost 0.01% as of morning hours, is priced at $ 2201.95. There is still a horizontal channel. There was a rise to the middle of the horizontal channel, up to $2250, but no breakout. Then it seems to have received support at $2170. If the upward movement continues, the next target may be to break through the middle of the horizontal channel and rise up to $2335. If the downward correction deepens, the $ 2100 level can be seen.
RIPPLE(XRP)
XRP is priced at $0.6163 as of morning hours, down 0.13%. With yesterday’s news, there was an increase to the level of 0.6263 dollars, but no permanence was achieved. To be sure of a bullish breakout in XRP, $0.65 needs to be breached. Below $0.65 will be a pressured pricing. With the gain of $ 0.65, rises up to $ 0.7266 can be seen. Below $0.60 may cause retreats down to $0.57.
AVALANCHE(AVAX)
AVAX is priced at $ 44.81 with a 3% gain in value as of morning hours. AVAX is one of the most robust products on the rise and fall. If the $45 breakout occurs and persistence is achieved, rises up to $50 can be seen. Although it is reassuring that it is advancing with very bulky candles, it is useful to pay attention to the news. In case of a pullback, $ 42 is a region that can work as support. If this region is tested, momentum may pick up and rises up to $ 50 can be seen again.
SOLANA(SOL)
SOL is priced at $ 84.49 with a 2.78% gain as of morning hours. When we examine the four-hour chart, SOL, which exceeded the $ 77 resistance zone we are following, continued its strong performance above this level and rose to $ 84. If this movement continues, a rise towards the $ 88 region can be seen. In case of a pullback, the $ 80 level can be followed as support.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.378 with a gain of 0.88%. When we examine the four-hour chart, we see that it is trying to provide permanence above $ 14, a critical support level. But at the same time, we can see that the reactions from this level are not very long-lasting and the $ 14,700 resistance level is also working as an important resistance. LINK, which moves horizontally between the 13.850 and 14.700 levels we mentioned, may show a movement towards the 15.400 region if it breaks upwards. In case of a pullback, if the support point is broken downwards, a decline to the 13.300 region may occur.
STORJ
STORJ is priced at $1.16 with a gain of 13.35% as of morning hours. When we examine the weekly chart, we see that the strong upward movement continues. If this momentum is maintained, a move towards the 1.30 region can be seen. In case of a pullback, the 1.05 level can be followed as support.
DOT
As of morning hours, DOT is priced at $ 7,241 with a gain of 4.13%. When we examine the four-hour chart, we see that the resistance zone of 7.124 has been broken upwards. If this movement continues, the 7.4 region may be tested. In case of a pullback, the 7.150 level can be followed as support.
