Today’s Crypto News
Bitcoin is currently trading below $100k. However, it is expected to rebound due to increasing adoption and active accumulation by large holders. Key support levels are showing at $86k and $79k, which are crucial for Bitcoin’s stability. The charts also indicate bullish trends on the horizon. Notably, El Salvador and MicroStrategy continue to accumulate Bitcoin, which could contribute to pushing the price back to $100k.
MicroStrategy recently purchased Bitcoin at a peak of $106k, and their investment is currently down by 12%. This highlights the importance of avoiding purchases at market tops—even large corporations can fall into this trap. However, unlike smaller retail investors, these big players can weather the downturn.
XRP is holding at a support level of $2.20. From here, it could either surge to $10 or dip to $1. We’d love to hear your predictions! Personally, I believe XRP has strong potential to climb, but remember to do your own research. I’m offering insights, not financial advice. One promising sign for XRP is that it has been the most traded altcoin on Binance this December.
Three altcoins worth researching are Hyperliquid (HYPE), Render (RENDER), and Solana (SOL). Out of these, Solana is my personal favorite. If you’re considering investing, take some time to study each option carefully.
Thank you, Crypto King
