News

🏛 Will Bitcoin Rally Continue After US FOMC, Powell’s Speech, & PCE Data?

The crypto market enters a crucial week with a flurry of key economic events like the US FOMC, Fed Chair Jerome Powell’s speech, and others, scheduled. Notably, the investors will keep close track of the events as they could significantly impact the Bitcoin price as well as the broader crypto market ahead. Besides, the US PCE inflation data is also awaited, as last week’s data showed a spike in inflationary pressures while sparking concerns over a potential hawkish move ahead by the Fed.

🔷 Tron Founder Justin Sun To Accumulate 52.9K Ethereum, What’s Happening?

Tron founder Justin Sun has sparked market discussions with his recent plans to acquire around 53K ETH. Notably, this comes as the Ethereum price traded near the $4,000 mark, with a surge of more than 2% in its last 24-hour value. On the other hand, it also comes after Sun has made a significant ETH selloff recently, which has sparked concerns among investors over its potential impact on the asset’s price ahead.

⚡️ MicroStrategy Acquires 15,350 BTC For $1.5 Billion

MicroStrategy has announced another Bitcoin purchase, which they made for $1.5 billion. This comes just days after the software company’s inclusion into the Nasdaq-100, while the purchase marks their sixth in as many weeks.

Markets

📊 Crypto Prices Today December 16: BTC Hits $106K, FTM Jumps 17%, STX Surges 13%

Today, the crypto prices reflect bullish momentum as Bitcoin (BTC) touched a historic all-time high above $106K. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also witnessed gains over the last 24 hours. Among top altcoins, Fantom (FTM) emerged as the top gainer with a 17% surge, followed by Stacks (STX).

The global market cap rose by approximately 3%, reaching $3.74 trillion, while the trading volume grew by 20%, hitting $147 billion. The Fear and Greed Index indicated a value of 80, signaling extreme greed in the market, further highlighting the positive sentiment in crypto prices today.

💣 4 Crypto That Could Explode After HYPE, GRASS & ME Airdrops

The broader crypto market is witnessing a strong momentum lately, with many market experts anticipating the bull run to continue ahead. Along with a surge in Bitcoin, the traders are also optimistic about the altcoins season, with a flurry of new tokens catching the investors’ eyes. Having said that, the market participants are now eagerly waiting for the upcoming cryptocurrency airdrops, especially as the recent HYPE, Grass, & ME airdrops have gained notable traction.

🚀 Bitcoin Price Today Hits ATH After Trump’s BTC Reserve Promise, $150K Next?

Regardless of the recent crashes, Bitcoin price today is up 1.39% and trades at $103,907.0. The reason behind this uptick is President-elect Donald Trump’s BTC reserve promise as seen on Sunday during a CNBC interview. Trump emphasized that US should be the center for all things Bitcoin and crypto. During this conversation the President-elect mentioned his plans about BTC reserve. As a result, Bitcoin price shot up nearly 4% on Sunday and hit a new ATH of $106,727.