cryptonewstoday

Bitcoin just smashed through $77,000 and the entire crypto market is buzzing on Binance Square right now.
According to latest market data, BTC surged as Iran reopened the Strait of Hormuz, easing global oil and geopolitical tensions. At the same time, Charles Schwab announced the rollout of spot crypto trading for its millions of clients — bringing traditional finance deeper into crypto than ever before.
Key Highlights Today:
BTC Price Action: Broke $77K resistance → Currently hovering near $76,500–$77,200. Many traders calling this the "middle of the bull market" pattern repeating from 2025.Altcoin Recovery Signals? → Several altcoins pumping together after days of consolidation. Is the rotation finally here?Charles Schwab Goes Crypto → One of America’s biggest brokerages launching spot trading. Expect massive institutional inflows in the coming weeks.Kelp DAO Exploit Drama → $292M ETH exploit hits AAVE hard (-19% today). Liquidity crisis alert — always DYOR on DeFi plays!Fed Rate Cut Odds Rising → Softer US data boosting expectations for easier money → Classic risk-on fuel for crypto.Market cap now sits at $2.54T–$2.58T with healthy 24h gains.
What’s Next?
Will Bitcoin push toward $80K this week?
Or is this another fake out before a healthy correction?
Bullish on BTC?
Al season loading?
Or cautious because of recent exploits?
Drop your price predictions and favorite plays in the comments 👇
I’m watching $COMBO (already +157% today) and the broader altcoin rotation very closely.

#BitcoinMaximalism #BTC #cryptonewstoday #BinanceSquare #muhammadajmal_0
$BTC

Shiba Inu’s (SHIB) project lead has shared a new “MOOD” message that has got the community wondering what is the pipeline for the project.
Read more on: https://thecryptobasic.com/2023/12/19/whats-coming-for-shiba-inu-as-kusama-keeps-community-guessing-with-new-cryptic-message/
#Shiba.Inu-SHIB #ShibaInuEcosystem #Cryptocurrency.trading.platform #cryptonewstoday #CryptoNews🔒📰🚫

BITCOIN Drops Amid ETF Rejection Rumor
The reason behind the Pumping

In 2023, BTC price surges by nearly 161%, closing successfully above the psychological threshold of $40,000.Bitcoin recently experienced an upswing, surpassing $45,000, reaching levels unseen since April 2022.Two key events fuel the rise in Bitcoin prices: the fourth halving event and the pending decision by the US Security Exchange Commission (SEC) on spot BTC ETFs in the US.
Buy the rumor, sell the news
The cryptocurrency market grapples with "sell the news" sentiment amid resistance in Bitcoin and Ethereum.Bitcoin experiences a brief surge, surpassing $45,000, followed by a sudden drop, erasing $550 million in long positions and $50 million in short positions.Market turmoil ensues due to a Matrixport blog hinting at potential SEC delays in approving ETFs.The notable drop occurs ironically alongside the release of a celebratory video from ETF applicants Galaxy and Invesco, commemorating Bitcoin's 15th birthday on January 3.In the previous news, a decline of 8.51% from $45,300 to $41,400 leads to the liquidation of approximately $600 million in holdings.Concurrently, total open interest experiences a sharp decline, moving from $18.66 billion to $17.72 billion.The collective crypto market cap shrinks from $1.82 trillion to $1.72 trillion, witnessing a disappearance of over $100 billion.On December 2nd, Bitcoin reached its peak at $45,900.Bitcoin crashed by 8% in two hours, hitting a low near $41,500. Ethereum also experiences a 6% plunge during this flash crash.Among the top 100 digital assets, over half experienced double-digit losses for the day.Uncertainty increases as a crucial approval criterion remains unmet, possibly prolonging discussions until Q2 2024.Coingabbar predicts a potential 20% Bitcoin price drop, ranging from $36,000 to $38,000, in case of ETF rejection, triggered by the liquidation of assets linked to ETF approval expectations.
What's the future of BITCOIN
Recent SEC meetings with stock exchanges on Spot Bitcoin ETFs introduce uncertainty.Potential outcomes of these meetings may influence Bitcoin's integration into mainstream investments.Despite a market rebound, investors eagerly await SEC insights into its stance on spot Bitcoin ETFs and their broader financial market impact.The market rebounds, trading 2-5% above the recent low, having absorbed the impact of panic selling.Investor optimism is high for a positive ETF outcome, instilling hope and confidence in the market.
#BitcoinPrice2024 #BitcoinETFs! #sec #cryptonewstoday

Fidelity Investments, a leading money management firm, has introduced an innovative proposal to its ethereum exchange-traded fund (ETF) application, suggesting the inclusion of staking capabilities for its potential Fidelity Ethereum Fund. This amendment, filed with the U.S. Securities and Exchange Commission (SEC), has sent Lido, a prominent staking protocol on the Ethereum network, soaring by 9%.

Expanding Ethereum ETF Landscape
Fidelity’s decision to file for an ethereum ETF in November placed it among other significant potential issuers like BlackRock, Ark Invest, and Grayscale, all vying to launch similar financial products. The move to enable staking within the ETF framework signifies Fidelity’s attempt to provide added value and appeal to traders by allowing them to earn rewards on their investments directly through the fund.

The Staking Proposition
In the detailed amendment submitted to the SEC, Fidelity outlined its plan to stake a portion of the fund’s assets with trusted staking providers, potentially including affiliates of the asset manager. This strategy aims to leverage the Ethereum network’s shift to proof-of-stake following its recent upgrade, enabling investors to participate in the network’s security and consensus mechanisms while earning staking rewards.

Market Response and Future Prospects
The announcement had an immediate impact on Lido, with its token price surging to $2.64, highlighting the market’s positive reception to Fidelity’s staking proposal. However, despite this enthusiasm, experts remain cautious about the SEC’s willingness to approve an ethereum ETF by the next deadline on May 23, citing regulatory uncertainties and the agency’s historical hesitance towards similar crypto-based financial products.

As the deadline approaches, Fidelity’s proposed staking feature sets its application apart, potentially influencing the SEC’s decision-making process and the future landscape of ethereum ETFs. The broader crypto and investment communities are closely watching this development, eager to see how it unfolds and its implications for the integration of traditional financial products with emerging crypto technologies.
#cryptonewstoday #BitcoinETF💰💰💰

FBI Issued Advisory to Counter Crypto Scams in Investment
The cryptocurrency market is undergoing exponential growth, with tokens continuously gaining value and attracting new investors. However, this surge in interest has also led to a significant increase in crypto scams in the Investment sector. The Federal Bureau of Investigation (FBI) has raised warnings about this concerning trend and notes a 53 percent rise in crypto investment scams over the past year and it is in line with Immunefi's report on Crypto Loss.

Increase in Crypto Scams:

According to the FBI's latest report, fraudulent activities in the crypto investment ecosystem have resulted in approximately $3.94 billion in losses, marking a substantial increase from the $2.57 billion lost in similar scams in 2022. These scams primarily target inexperienced investors through social media platforms like Facebook and X, enticing them with promises of high returns on crypto-related investments. Scammers often employ fake websites and counterfeit tokens to deceive victims, ultimately leading to significant financial losses.
FBI's Advisory:

In response to the escalating threat of crypto scams, the FBI has issued a cautionary advisory to investors. While regulators in various countries are working to formulate rules to combat these scams, the FBI recommends that investors exercise vigilance. One crucial precautionary measure advised by the FBI is the implementation of two-factor authorization, which adds an additional layer of security to investors' funds and mitigates the risk of unauthorized transfers.
Context Amidst Market Dynamics:

The FBI's warning comes at a time when the crypto market is experiencing bullish sentiment, with Bitcoin reaching a new all-time high of $72,600. This surge in market activity has attracted a wave of new investors who may be unfamiliar with the risks associated with the crypto space. It is imperative for investors to heed the FBI's warning and conduct thorough due diligence before committing funds to any crypto token or investment opportunity.
Conclusion:

As the cryptocurrency market continues to evolve and expand, the threat of crypto scams looms large. The FBI's proactive stance in issuing warnings and advisories serves as a crucial safeguard for investors navigating this rapidly changing landscape. By remaining cautious, implementing security measures, and staying informed, investors can protect themselves from falling victim to fraudulent schemes and safeguard their financial assets in the crypto market.
#CoinGabbar #cryptonewstoday #blockchain #cryptocurrency!!!

Visit: CoinGabbar

Bitcoin may ‘pump then rotate back’ if US strategic reserve gets approved
A crypto analyst warns that Bitcoin’s price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed.
A crypto analyst has warned that if approved, Senator Lummis’ proposal for the United States government to acquire 5% of Bitcoin’s supply could cause increased price volatility in the short term.
“I expect it to be pretty volatile, especially if the strategic Bitcoin reserve gets approved; I think Bitcoin will pump then probably rotate back,” Collective Shift founder and CEO Ben Simpson told Cointelegraph.
Bitcoin dominance will “start to fall”
Cointelegraph recently reported that after Trump’s winning the presidential election on Nov. 5, Wyoming Senator Cynthia Lummis — a Trump supporter, Republican and crypto advocate — said she would move forward with legislation for the US government to buy 1 million Bitcoin BTC $101,722 and hold it for at least 20 years.
As for the current market state, Simpson believes that Bitcoin dominance — a measure of how much of the crypto market’s total value belongs to BTC — will “start to fall” and the “rotation” into altcoins has “actually begun” after Bitcoin started consolidating “around $100,000” and altcoins started “to climb.”
At the time of publication, Bitcoin dominance is 56.63%, down 7.20% over the past 30 days, according to TradingView data.
Crypto trader Momin told their 140,000 X followers on Dec. 13 that they “expect this downtrend in dominance to continue and possibly see alts run pretty hard in the coming week.”
However, Simpson believes transitioning into altcoin season won’t be so straightforward.
“I think it will be pretty volatile; I don’t think it will be straight into altcoin season,” he added.
Bitcoin will continue to be “part of the portfolio” for institutions
Meanwhile, Bitfinex analysts told Cointelegraph that based on returns, many altcoins have not yet breached new all-time highs in terms of their return against Bitcoin, “hence proving that Bitcoin had always been a fruitful and competitive investment, even when compared against Altcoins.”
“We believe that even post any pull back, Bitcoin will continue to be part of the portfolio of major institutions and that interest in Bitcoin will continue to grow,” the analysts said.
Bitfinex analysts said that with Bitcoin now surpassing six figures, as long as it maintains strong demand, any upcoming dips will be short-term and possibly a buying opportunity for investors:
“At a price of 100K, there has continued to be sufficient spot buying to sustain this level, and currently, leverage levels are reasonable, so even if a dip occurs, which won’t be surprising during the holiday season, the price trend is healthy and shows reasonable strength in the market for any dip to be bought.”
“Believers in Bitcoin are also becoming more adamant about the asset being a perfect substitute for gold and a true store of value,” Bitfinex analysts added.
On Nov. 23, Cointelegraph reported that global investment manager VanEck had reissued its $180,000 price target for Bitcoin at the current cycle’s peak.
VanEck digital asset analysts Nathan Frankovitz and Matthew Sigel said the next phase of the crypto bull market is only “just beginning.”
#UnitedStates #BitcoinReserve #BTC #cryptocurrencies #cryptonewstoday