Crypto News
Dogecoin’s 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood
Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment.BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most with an 11% drop, extending weekly losses to over 21%.The broad-based CoinDesk 20 (CD20), an index of the largest tokens by market cap, fell 5.5%. That spread over to futures markets, with over $890 million in long and short liquidations in the past 24 hours.Reaction to a hawkish FOMC triggered a sharp selloff across all risk assets on Wednesday and Thursday. Nasdaq plummeted 3.5%, S&P 500...
As Bitcoin’s Post-Fed Price Dip Extends, This Key Contrary Indicator Offers Fresh Hope: Godbole
Bitcoin's (BTC) post-Fed price drop to $96,000 has activated a crucial contrary indicator that has historically marked the end of price pullbacks.On Wednesday, the Fed cut the benchmark borrowing cost as expected but penciled in only two rate cuts for 2025, down from four projected in September. The central bank stressed that it's not interested in participating in a potential government plan to build a strategic BTC reserve.Since then, BTC has dropped over 8%, hitting lows near $96,000 at one point. As of writing, the cryptocurrency changed hands near $97,500, down nearly 10% from the record high of $108,266 reached early this week, CoinDesk data show.The losses have caused the 50-hour simple moving average (SMA) to dip below the 200-hour...
German Watchdog Cracks Down on Worldcoin Over Biometric Data
Bavaria's data regulator has directed Worldcoin to establish a GDPR-compliant data deletion protocol by January's end.Source link
Morocco to Adopt a Legal Framework for Crypto Assets
Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem. Legal Framework for Crypto Nears Adoption in Morocco A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promoteSource link
SEC Approves First Hybrid Bitcoin-Ethereum ETFs From Hashdex, Franklin Templeton
Following multiple review extensions since June, the regulator has approved the first dual Bitcoin-Ethereum ETFs.Source link