Crypto News Sentiment

Updated: 1 month and 4 days ago

Good news: Institutional interest surges with Galaxy Digital's $81.6M Bitcoin deposit and $35.5M into ETH ETFs. Bad news: Bitcoin plunges below $90,000. Solana validator counts plummet and UXLINK reports $11M theft via deepfake.
Positive news

Dogecoin Flirts With Long-Term Breakdown

Dogecoin is trading near its long-term support defined by the monthly Ichimoku cloud. The cryptocurrency has hovered around $0.14050, marking a 3.8% drop for the month.

Galaxy Digital Executes Major Bitcoin Deposit

Galaxy Digital made a significant Bitcoin deposit worth over $81.6 million, indicating strong institutional support for digital assets.

Ethereum Edges Toward Critical Decision Point

Ethereum is approaching a crucial support and resistance area. Recent price stability suggests either a bullish breakout or a potential pullback.

MetaComp Secures $22 Million Pre-Series A Funding

Singapore-based MetaComp has raised $22 million in a pre-Series A funding round, showcasing investor confidence in fintech innovation.

Ethereum Price Prediction to $5,000

Ethereum saw a 12% rally, pushing the price to $3,158. Analysts predict further gains, aiming for $5,000 driven by institutional investment.

US Spot ETH ETFs See $35.5 Million Inflow

US spot ETH ETFs attracted $35.5 million in net inflows after two days of withdrawals, signaling renewed institutional interest.

XRP Traders Eye Breakout Above $2.11

XRP traders are watching for a break above $2.11 to trigger upward momentum. Failure to hold $2.00 could result in a retest of $1.95.

Dogecoin Holds $0.14 Floor

Dogecoin is maintaining its $0.14 floor, with network activity reaching a three-month high, hinting at a potential directional move.

HashKey Plans Hong Kong IPO

HashKey, a crypto exchange, is planning an IPO in Hong Kong targeting a $215 million capital raise.

Crypto News Today: Latest Updates

Updates on crypto market movements and news for December 9, including Bitcoin's steady performance amid holiday liquidity concerns and FOMC risks.

Negative news

Bitcoin Price Plummets: BTC Crashes Below $90,000 Support Level Bitcoin has broken below the key $90,000 support level, causing concern among investors. Real-time data from Binance shows BTC trading at $89,996.28.

Asia Morning Briefing: BTC Steadies Around 90k With Liquidity Drained and a Fed Cut Fully Priced In The cryptocurrency market is experiencing a steady Bitcoin price around $90,000 as liquidity dries up and the impact of a Federal Reserve interest rate cut is fully priced in.

Fitch Warns U.S. Banks on Crypto Risks, Possible Rating Downgrades Fitch Ratings has warned U.S. banks with significant crypto operations could face credit rating downgrades, signaling potential risks to investor confidence.

Crypto Liquidations Reveal Market Tension: Bitcoin Longs and Ethereum Shorts Hit Hard Forced crypto liquidations have led to significant outflows, highlighting tension between Bitcoin longs and Ethereum shorts in the market.

Essential Alert: Binance Announces NTRN Suspension for Crucial Network Upgrade Binance will suspend Neutron (NTRN) deposits and withdrawals starting December 10 for a network upgrade, a standard procedure for major blockchain improvements.

Spot Bitcoin ETFs Stumble: $60.5 Million Flees in Sharp Reversal U.S. spot Bitcoin ETFs experienced a sharp reversal, recording a significant net outflow of $60.5 million, reflecting ongoing market volatility.

UXLINK CEO Reports $11 Million Theft via Deepfake Attack UXLINK has reported a $11 million theft using a deepfake attack and is implementing security upgrades and compensation measures.

XRP Price Hesitates at Resistance—Are Bulls Running Out of Time? XRP price is consolidating and may struggle to clear the $2.10 resistance, indicating potential challenges for bulls.

Polymarket Trading Volume Exposed: The Shocking Double-Counting Error Inflating Prediction Markets Paradigm's analysis reveals that Polymarket's reported trading volume might be significantly inflated due to a double-counting error.

Solana Validator Count Plummets: A Staggering 68% Drop Since 2023 Solana's validator count has dropped by over 68% since March 2023, raising concerns about network health, security, and future prospects.

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