Daily Crypto Signals: MicroStrategy Signals More Bitcoin Purchases, Memecoin Market Faces December Slump

While the memecoin sector suffers a substantial downturn, the crypto market sees mixed signals as MicroStrategy hints at additional Bitcoin acquisitions.

Daily Crypto Signals: MicroStrategy Signals More Bitcoin Purchases, Memecoin Market Faces December Slump
Crypto updates

As analysts discuss short-term price swings and project 2025 values ranging from $150,000 to $400,000, Bitcoin trades below $94,000.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewFCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTCUSD 100Visit Broker
🥈Read ReviewFSCA, FSC, ASIC, CySEC, DFSAUSD 5Visit Broker
🥉Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewASIC, FCA, CySEC, SCBUSD 100Visit Broker
6Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
7Read ReviewBVI FSCUSD 1Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

Crypto Market Developments

With its overall market valuation declining about 30% from $137.06 billion to $92.67 billion, the memecoin ecosystem lost almost $40 billion in December. Following MicroStrategy’s recent acquisition of 5,200 BTC at an average price of $106,000 per coin, Michael Saylor of the firm indicated possible further Bitcoin acquisitions by sharing the SaylorTracker chart with his 3.9 million X followers.

Bitcoin Under $94K

BTC/USD

 

Currently trading less than $94,000, Bitcoin BTC/USD shows a 2.67% dip over the past week and a 1.29% decline in the last 24 hours. Though it is trading below its 20-day exponential moving average, the bitcoin keeps support above its 200-day EMA. With outcomes mostly depending on possible Trump administration policies and Federal Reserve decisions, crypto mining company Blockware Solutions has presented three pricing possibilities for 2025: a bear case of $150,000, a base case of $225,000, and a bull case of $400,000.

Ethereum to Rally as ETF Inflows Rise

ETH/USD

 

Given U.S. spot ETH ETFs established a new monthly record of $2.1 billion in total net inflows in December, over double November’s numbers, Ethereum’s ETH/USD future seems bright. Though trading at $3,353, down 8.4% monthly, experts still see ETH’s future bright. Though the $3,500 level now functions as major resistance, with over $1 billion in cumulative leveraged short positions at danger of liquidation should breached, VanEck forecasts a possible surge to $6,000 in 2025.

Top Altcoins to Watch

BNB/USD

 

Several altcoins are showing strength despite market volatility:

  • BNB maintains stability between $635 and $722, with strong support at the 20-day EMA
  • AAVE demonstrates resilience near its 20-day EMA of $329, with potential upside to $400
  • Monero (XMR) faces resistance at $203 but shows promising technical patterns
  • Virtuals Protocol (VIRTUAL) continues its uptrend after breaking resistance at $3.33, with targets at $4 and $4.79
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments