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