tl;dr
• Bitcoin Miners Sell $8.55 Billion Amid S&P 500 Correlation: Bitcoin miners offloaded $8.55 billion worth of BTC in two days, while major investors continued accumulating, creating a net-neutral signal as BTC trades near $99,856.• Decline in Telegram-Based Crypto Games: Tap-to-earn crypto games on ...
• Bitcoin Miners Sell $8.55 Billion Amid S&P 500 Correlation: Bitcoin miners offloaded $8.55 billion worth of BTC in two days, while major investors continued accumulating, creating a net-neutral signal as BTC trades near $99,856.
• Decline in Telegram-Based Crypto Games: Tap-to-earn crypto games on Telegram, such as Hamster Kombat, lost 80% of user interest by December 2024 due to repetitive gameplay, diluted rewards, and withdrawal challenges.
• Key US Economic Data Expected to Impact Bitcoin Prices: CPI, initial jobless claims, and PPI reports this week are anticipated to affect Bitcoin sentiment and market volatility, with BTC currently trading at $99,147.
• Pepe (PEPE) Hits $11.37 Billion Market Cap: Meme coin PEPE surpassed Uniswap and Litecoin in market capitalization, driven by whale activity, platform integrations, and Bitcoin’s surge past $100,000.
• Cardano’s Price Faces Uncertainty Amid Bearish Sentiment: Cardano's bullish momentum has weakened, risking a decline from $1.17 unless it flips $1.20 resistance into support, with potential for prolonged consolidation.
• Ripple CEO Praises Bitcoin ETFs and Crypto's Political Influence: Brad Garlinghouse lauded the rapid growth of Bitcoin ETFs, amassing $112.74 billion in assets, and emphasized Ripple’s political contributions in the US elections.
• Amazon Pressured to Allocate Reserves to Bitcoin: A shareholder proposal urges Amazon to invest 5% of its treasury in Bitcoin, citing its inflation hedge potential and successful corporate examples like MicroStrategy.
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