🚨 Breaking Crypto Headlines: What’s Fueling the Latest Market Shifts?

Author

CoinGape Media
December 31, 2024

News

American business intelligence and software firm MicroStrategy Inc has seen about 20% loss on its stock price despite its sustained Bitcoin acquisition strategy. According to market data, the MSTR stock is down by 2.46% in After Hours trading after closing Monday’s session at 8.19% to $302.96. This stock price turnout has driven many debate on the cause despite the alleged correlation it maintains with the US Dollar.

Asset manager Franklin Templeton has outlined its vision for the crypto landscape in 2025 predicting major advancements in crypto regulations, institutional adoption with more crypto ETFs, and other technological evolutions. The asset management giant anticipates a shift from speculation to utility as crypto technologies become integral to global systems.

Binance announced it will stop supporting dYdX token deposits and withdrawals on the Ethereum (ERC20) network. The news comes as the crypto noted a 2% drop in its price today, sparking concerns among investors about its market stability and potential liquidity challenges.

Markets

Cryptocurrency prices today showed a bearish trend as Bitcoin (BTC) dropped below $93,000, Helium (HNT) declined by 12%, and Quant (QNT) fell by 10%, highlighting market challenges. The global market cap decreased by 1.5% to $3.22 trillion, while trading volume surged by 50%, reaching $139 billion, reflecting heightened activity despite the downturn.

Let’s explore the price movements of top cryptocurrencies by market cap on December 31.

Bitcoin (BTC) price today trades at $95,534.0 and is close to ending the tumultuous year of 2024 and enter 2025 with optimism. While the ETF approval provided the initial oomph for the 2024 rally, Donald Trump’s victory in the 2024 US elections helped overcome the 2021 high and hit $100,000. Let’s explore experts’ 2025 predictions for Bitcoin price.

As the year draws to a close, crypto investors are focusing on altcoins to buy for potential 2025 gains. Despite market corrections in 2024, several digital assets demonstrated resilience and substantial performance, attracting significant interest from traders.

With the anticipated 2025 bull market fast approaching, Here are four standout altcoins showing promising growth trends. These picks are strategically positioned to benefit from expected market momentum and increased adoption.

The year 2024 was transformative for the Web3 ecosystem, witnessing rapid advancements, significant market shifts, and evolving regulatory landscapes. This analysis highlights the key crypto trends that have defined the year, supported by relevant data and insights, providing early to medium-scale crypto investors with a comprehensive understanding of what has transpired in the Web3 space.