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Crypto Market Prediction: What’s Next After Bitcoin’s Record High? Cryptocurrency analyst DustyBC Crypto News has explained the ongoing surge in the cryptocurrency market, with Bitcoin recently surpassing the $70,000 threshold and touching an impressive $72,000. Dusty stressed the importance of these milestones, noting the continued bullish sentiment surrounding cryptocurrencies. “What we’re witnessing right now is just the beginning,” Dusty said. “Despite Bitcoin reaching new all-time highs, there’s still plenty of room for price discovery and further gains across the board.” Dusty pointed out that while Bitcoin’s rally is grabbing headlines, many investors are eyeing other cryptocurrencies, particularly Ethereum, for significant gains soon. “We’re expecting a ripple effect, where altcoins follow Bitcoin’s lead and outperform later in the market cycle,” Dusty explained. The analyst also addressed .

Number Of Ethereum Short-Term Holders Increasing – Is A Bull Rally Next? Ethereum (ETH) has been showing a solid performance lately, leaving investors both ecstatic and wary. The world’s second-largest cryptocurrency, boasting a market capitalization of nearly $480 billion, recently surpassed the coveted $4,000 mark for the first time since December 2021, igniting a flurry of bullish predictions. But is this a genuine resurgence, or are we witnessing a temporary blip before a potential correction? Let’s dissect the forces at play. Proponents of a sustained uptrend point to a confluence of positive factors. The long-awaited approval of a US-based Ethereum ETF is a hot topic, with speculation swirling that a green light could trigger a significant influx of institutional capital, potentially injecting billions into the Ethereum ecosystem. Additionally, the upcoming Bitcoin halving, an event that cuts .

According to the announcement, the new BGB token will power features like the Fair Launchpool and gas fee payments. Bitget also plans to integrate the token into public blockchains and DeFi ecosystems. They aim to make BGB a core asset for lending and staking. This news pushed Bitget Token (BGB) to an all-time high of $7.79. The token’s market cap now exceeds $10.3 billion. BGB rallied 30% today and gained over 350% in December alone. This contrasts with the broader crypto market, which experienced notable liquidations. For comparison, BNB, the largest exchange-based token, only grew by 13% this month. Bitcoin also dropped below $95,000, despite hitting its $100,000 milestone in early December. “BGB has experienced an incredible year, with its market cap increasing by over 750%, making it the best-performing CEX token in 2024. By merging BGB and BWB, we are taking a major step toward building a unified and robust ecosystem that bridges on-chain and off-chain applications, Gracy Chen, CEO of Bitget told BeInCrypto. Meanwhile, the merger will not change the total supply of BGB. The exchange rate for the merger is 11.68 BWB to 1 BGB. Bitget will stop BWB-related services on December 27. Overall, Bitget has achieved tremendous growth throughout 2024. According to CoinGecko data, it is now the fifth-largest centralized exchange by daily trading volume.$BGB

In December.optimism surrounds sectors like AI powered crypto projects DeFi$DEFI innovations, and meme coins showing strong community engagement. Coins such as Bitcoin$BITCOIN and Ethereum$ETH remain solid but emerging projects like Fuel$FUEL Hype$HYPE and AI driven tokens could see increased momentum as the year ends. Keep an eye on sectors benefiting from technological advancements and growing adoption as these are likely to outperform in the coming months.

Initially dismissed as a meme coin with little to offer beyond speculation, Shiba Inu (SHIB) has transformed into a cryptocurrency worth watching, especially for short-term investment opportunities. The launch of Shibarium, a Layer-2 blockchain, has been a cornerstone of SHIB’s growth, dramatically improving scalability and transaction efficiency. With over 700 million transactions recorded since its launch, Shibarium showcases SHIB’s potential for real-world use cases. Further plans to introduce a stablecoin pegged at $0.01 and the TREAT token as a reward mechanism add multifaceted utility to the ecosystem, broadening its appeal. Currently trading at $0.000022, market sentiment around SHIB remains cautiously optimistic, supported by notable activity from whales and major investors. With 55% of SHIB holders currently in profit, whale movements suggest renewed interest from large investors, adding credibility to the token’s short-term bullish case.On the contrary, Bitcoin’s [BTC] dominance has surged from 38% to over 56% over the same period, underscoring possible capital rotation to the largest digital asset. $SHIB