cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Bitcoin (BTC) Price Collapse, Meme Coin Bloodbath, and More: Bits Recap Dec 20

-

by

in

TL;DR

  • Bitcoin (BTC) dropped 14% in three days, influenced by the Federal Reserve’s inflation concerns.
  • The meme coin market saw a sharp 20% drop, with assets like DOGE and SHIB facing double-digit losses and analysts predicting further losses for the former.
  • XRP hit a multi-day low of under $2, but industry participants remain optimistic, highlighting key potential triggers for a future rally, including a Ripple ETF and regulatory resolutions.

BTC Loses $13K in Three Days

At the start of the business week, Bitcoin (BTC) soared to a new all-time high of over $108,000. Its market capitalization crossed the $2 trillion mark, making the cryptocurrency bigger than Saudi Aramco and other well-known corporations.

However, the peak was short-lived, and the bulls took a major blow in the following days. BTC tumbled to approximately $101,000 on December 18 and under $93,000 in the last several hours. Currently, the asset is worth around $93,200 (per CoinGecko’s data), representing a 14% decline on a three-day scale.

The market started retracing shortly after the US Federal Reserve 발표 its latest rate cut. It reduced the benchmark by 0.25%, but Chairman Jerome Powell hinted that the policy might be paused next year due to rising inflation concerns. He also said the central bank is not permitted to buy BTC, despite Donald Trump’s promises.

While the 13-grand crash in just three days might sound quite dramatic, some factors hint that the bulls could be back in charge soon. Crypto analytics platform Santiment recently estimated that BTC’s collapse has increased discussions about buying the dip to early August levels. Back then, the asset’s price tumbled below $50,000, but a few days later, it climbed beyond $62,000. It will be interesting to see whether history will repeat itself this time. 

Heavy Bleeding in the Meme Coin Niche

The meme coin sector has been even more affected than BTC. Its market capitalization is down a whopping 20% on a daily scale, plunging below $100 billion. 

All of the leading assets, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk Inu (BONK), dogwifhat (WIF), and many more, have charted double-digit losses. It is quite challenging to find a meme coin positioned in the green today, with Zerebro (ZEREBRO) being among the few exceptions. 

Some analysts expect further losses in the sector, more specifically touching upon DOGE. Jake Wujastyk envisioned a potential drop to $0.27, while Rose Premium Signals predicted a crash to $0.22. However, the latter thinks DOGE could then rebound and resume its bull run.

How’s XRP Doing?

Lastly, we will focus on Ripple’s native token, which is also deep in the red today (December 20). Currently, it trades at around $2, which is the lowest mark observed in the past ten days.

XRP Price
XRP Price, Source: CoinGecko

Many industry participants, though, foresee good days ahead for the XRP army. One analyst recently advised investors to cash out only when seven important things happen.

Those include the introduction of Ripple’s stablecoin, Donald Trump’s inauguration, a potential resolution of the Ripple v. SEC case, Gary Gensler’s departure from the regulator, the beginning of the altseason, a partnership between the company and a large banking institution, and the possible launch of an XRP ETF. 

게시물 Bitcoin (BTC) Price Collapse, Meme Coin Bloodbath, and More: Bits Recap Dec 20 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (452) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.