News

🏛 Senator Cynthia Lummis Reaffirms Commitment To Implementing Strategic Bitcoin Reserve

Wyoming Senator Cynthia Lummis has been very supportive of the new administration’s attitude toward digital assets, especially when it comes to Bitcoin reserve. In her tweet she said she thinks that 2025 will be a very important year for cryptocurrencies, referring to the appointment of David Sacks as the “Crypto Czar” of the administration.

Sacks is a well-known venture capitalist and former PayPal executive who is likely to play an important role in the US government’s policies on cryptocurrencies.

⚖️ Binance Australia Derivatives Exchange Sued By ASIC

Australian Securities and Investments Commission has filed a lawsuit against Binance Australia Derivatives alleging failure to comply with consumer protections. Binance Australia derivatives exchange trading as Oztures Trading Pty Ltd misclassified over 500 clients as wholesale clients.

⚠️ Crypto Market Crash: Arthur Hayes Warns Potential Dip Ahead

BitMEX co-founder Arthur Hayes has sparked discussions in the digital assets space, predicting a crypto market crash ahead. These comments have fueled speculations, especially amid soaring optimism over pro-crypto regulations and a Bitcoin strategic reserve in the US. Besides, it also comes as the broader market experienced a setback today, which has left investors looking for potential reasons behind the latest dip.

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🔥 Pepe unchained successful listing X10 vs Pepeto pre sale opportunity

Pepe Unchained has had a strong debut, achieving a 10x performance upon its recent listing. This impressive start demonstrates the team’s ability to deliver results and capitalize on the hype surrounding its Layer 2 technology. As the project gains traction, it’s clear that Pepe Unchained is carving its space in the competitive memecoin market.

Markets

📊 Crypto Prices Today December 18: BTC Drops Below $106K, PENGU Soars by 550%, BGB Up by 17%

Crypto prices today saw major fluctuations as Bitcoin (BTC) hit a new all-time high of $108,000 before retreating below $106,000, showcasing significant volatility in recent trading. Meanwhile, Pudgy Penguins (PENGU), a token launched just yesterday, recorded a remarkable 550% surge within 24 hours, propelling it into the top 100 cryptocurrencies by market cap. Bitget Token (BGB) also experienced a strong uptick, climbing 17% despite a broader market dip.

The overall market cap declined by approximately 1% to $3.71 trillion, while trading volumes fell by 8.6% to $185 billion. The Fear and Greed Index signaled extreme greed, reading 80. So, let’s take a closer look at some of the leading cryptocurrencies by market cap and their price action on December 18.

📉 Bitcoin Price Today Is Down 4%, BTC Trades At $104,262

Bitcoin price today is down -2.35% and trades at $104,955.0. The reason behind the recent drop could be investors taking a break ahead of the FOMC meeting. This key macroeconomic event will play a pivotal role in determining the bias for the next part of the bull run. A dovish outlook from the Fed could resume the uptrend, on the other hand, hawkish comments could trigger a crash for BTC and the rest of the crypto markets.

🔻 Is Altcoin Season Over? Index Cautions Crypto Market Selloff Ahead

The altcoin season index has crashed from the crucial support levels flashing warning signs of an end coming to the massive rally. The broader crypto market entered a steep correction with Bitcoin price dropping under $105K and top altcoins including Ethereum (ETH), XRP, Cardano (ADA), Dogecoin (DOGE), seeing even greater fall. Some analysts have also started flagging caution signs for trading in altcoins.