News

💵 Peter Schiff Says Bitcoin Could Destroy The Dollar, Here’s How

Peter Schiff, an economist and Bitcoin critic, recently suggested that Bitcoin could destroy the U.S. dollar. His remarks focus on the potential for U.S. government intervention in Bitcoin markets, which could have unforeseen consequences for the value of the dollar. Schiff, who has long argued that Bitcoin is a speculative asset, points to the possibility that the U.S. government could inflate the money supply and create an unsustainable economic bubble.

⚠️ US SEC Won’t Entertain Solana ETF, $300 SOL Price At Risk?

The approval of spot Solana ETFs won’t go through, with the U.S. Securities and Exchange Commission (SEC) notifying two of the five prospective issuers. Reports suggest that the regulator will reject their 19b-4 filings. The SOL price has been holding firm at its crucial resistance level of $240, as skepticism draws whether it could continue the rally to $300.

📈 Pepeto and Pepe Unchained: Competing to Lead the Next Memecoin Bull Run

As Bitcoin edges closer to the $100K milestone, the crypto market is preparing for a pivotal new cycle. Historically, BTC surges spark altcoin rallies, with liquidity eventually flowing into the memecoin sector. In this environment, projects with strong narratives and valuable utilities take center stage. Among them, Pepeto, the God of Frogs, is emerging as a leading contender. Nearing $1 million in its presale phase, Pepeto is attracting holders of Pepe, Shiba Inu, and Dogewithat. Positioned as a hub for the adoption of next-generation memecoins via its exchange, Pepeto is a project investors can’t afford to overlook.

Markets

📊 Cryptocurrency Market Today Dec 6: BTC Rebounds from $93K, SOL Rises 6%, JASMY Surges 36%

The cryptocurrency market experienced a flash crash today, with Bitcoin (BTC) plunging to $92,000 after reaching an all-time high of $103,000. Major altcoins, including Ethereum (ETH) and XRP, mirrored this trend, leading to significant liquidations across the market. Despite the downturn, Solana (SOL) emerged as the top gainer among the top 10 cryptocurrencies, rising 6% at the time of writing. JasmyCoin (JASMY) outperformed all, surging by an impressive 36%.

The global crypto market cap saw a slight decline, now at $3.57 trillion, while the overall trading volume surged 22% in the last 24 hours. The Fear and Greed Index, which reflects extreme greed at 81, highlights strong investor sentiment despite the volatility.

🛑 Binance To Delist These Crypto Tokens Trading Pairs, Prices At Risk?

Crypto exchange behemoth Binance notified users on Friday that it plans to delist specific crypto trading pairs shortly ahead. Notably, the digital asset trading platform eyes delisting Heroes of Mavia, OMG Network, and BarnBridge (BOND) USD-Margined perpetual contracts. In turn, traders and investors anticipate a negative impact on these tokens’ prices.

📉 Bitcoin Price Today: Why BTC Crashed Below $100K?

Bitcoin price crashed 13.53% between December 4 and 5, wiping out an excess of $1.5 billion worth of positions in just 19 hours. On December 5 alone, more than $1 billion worth of longs and short positions got wiped from the cryptocurrency market.