Bitcoin’s charge towards $100,000 stumbled Monday, as the cryptocurrency tumbled to lows of under $92,000. The ripple effects saw the wider crypto market shed billions of dollars in value, with Dogecoin and Cardano leading the losses.
Still, it’s not all bad news, considering that a month ago Bitcoin was trading at around $67,000. Analysts argued that the “extremely overbought” market was due a correction, as traders await two key macro indicators this week in the form of the Fed’s minutes for its November meeting, and the PCE data drop.
Bitcoin Dips to $93,000 With $400 Million in Longs Rekt. Where to From Here?
Market makers may be intentionally driving prices down to trigger a liquidation of leveraged longs, Decrypt was told.
Dogecoin, Solana Post Double-Digit Losses as Crypto Market Momentum Stalls
Too much leverage has led to an inevitable pause in the crypto market, but this is largely seen as a healthy correction, analysts argued.
7 Million UK Adults Now Own Crypto: Financial Conduct Authority
Research from the regulator found that crypto ownership in the UK has increased to 12% from 10%, as it delivers plans to regulate crypto.
Dogecoin Foundation Seeks Backing to Fuel 2025 Plans
The Dogecoin Foundation is seeking donors to fuel its Dogebox initiative, with the aim of driving mass adoption.
🎮️ GG: ‘FIFA Rivals’ Mobile NFT Game Coming From Makers of ‘NFL Rivals’
After reaching millions of players with NFL Rivals, Mythical Games is taking a shot at Web3 soccer in a team-up with FIFA.
🤖 EMERGE: AI Models ‘Secretly’ Learn Capabilities Long Before They Show Them, Researchers Find
A recent study reveals that models can grasp underlying concepts before fully demonstrating the ability to process and apply them.
🎭️ SCENE: Apple Designer Susan Kare Brings NFT 'Esc Keys' to Asprey Studio
The designer’s iconic pixel art style is gracing a new collection of physical and digital artworks unveiled during Frieze London.
📚 Dive Deeper
📹️ WATCH: Truth Terminal & the AI Meme Coin Revolution
Creators of artificial intelligence agents Truth Terminal, Fi (also known as AI with daddy issues), and MycelialOracle (aka S.A.N.) chat to Decrypt about getting wrapped up in the world of meme coins.
🎓️ LEARN: What Is Pepe? The Ethereum Meme Coin Inspired by the Iconic Cartoon Frog
Described as the “most memeable meme coin in existence,” Ethereum token PEPE has become one of the biggest cryptocurrencies in the world.
