Trend Digest – Your Reliable Guide to Cryptocurrency News
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The Declining TVL and large transaction volumes indicate a weakening Polygon network, adding to bearish pressure. If POL closes below $0.39, expect a potential 28%-40% drop toward $0.2916 or even $0.23. Holding $0.39 support and breaking above $0.46 could push Polygon to $0.6238. With a recovery in BTC price crossing over the $105,000 mark, Polygon…
The Federal Reserve adopts “wait-and-see” approach after three rate reductions, citing steady growth and strong labor market conditions. Chair Powell’s pivot on crypto banking services marks significant policy shift, suggesting end of Operation Chokepoint 2.0 restrictions. The tariff uncertainties and presidential influence create complex dynamics for future rate decisions, with minimal cuts projected for 2025….
The firm maintains London office but reduces European investments as US regulatory environment becomes more crypto-friendly under new administration. Bitcoin reaches the $109,000 milestone on Inauguration Day, reflecting increased investor confidence in US market direction. Strategic pivot follows successful UK investments in projects like Arweave and Aztec, marking a shift in global crypto investment priorities….
dogwifhat (WIF) turned bullish, while facing resistance at $1.37. A major whale, Ansem, bought $1.2 million worth of WIF tokens after a three-month hiatus. dogwifhat confirmed in a post on X that it will promote the meme coin on the Vegas Sphere. dogwifhat , a leading meme coin on the Solana (SOL) blockchain, turned bullish…
The rise of Solana-based meme coins will trigger the next bullish leg for the entire altcoin industry. The Trump administration has convinced both retail and institutional investors that the crypto industry will be a major player in the coming years. The Solana (SOL) network, a top-tier blockchain focused on democratizing smart contracts, has registered palpable…
The new FASB rule allowed Tesla to report the market value of digital assets like Bitcoin on their balance sheets. Other firms in auto tech space like Worksport have also announced adding Bitcoin to their balance sheet. Bitcoin’s price continues to show bullish momentum, with predictions suggesting a potential rally to $120K by February. America’s…
A whale wallet “0xc25” has moved its tokens for the first time in 6 months, selling 500 billion PEPE. The wallet bought 4.914 trillion PEPE tokens back in April 2023 for $3K and has made a 17,026x return. The whale cashed out a massive $35.52 million but still holds around $15.73 million worth of PEPE…
Crypto analysts, including Benjamin Cowen, foresee a potential spike in Bitcoin dominance above 60%. However, he noted that BTC.D could be heading lower after that paving the way for relief bounces in altcoin-to-Bitcoin pairs. Analyst Captain Faibik predicts the end of the current altcoin correction phase, setting the stage for a bullish wave with a…
Ripple CEO advocates for a diversified national digital asset reserve beyond Bitcoin. He views maximalism as a harmful but declining mindset hindering crypto growth. Bitcoin advocates argue that its decentralized nature makes it the only viable reserve currency. , the CEO of Ripple, has weighed in on the ongoing discussions surrounding the US government’s consideration…
Rumble has purchased its first set of Bitcoin after disclosing its intention to add the crypto asset to its treasury in November. The company sees Bitcoin as protection against inflation. Rumble’s shares surged nearly 6% after the Bitcoin purchase . Rumble, a leading video-sharing platform based in Canada, has officially made its first Bitcoin purchase since…