Archive December 2024

When a former footballer dons the jersey of innovation, and Trump orchestrates, the crypto-sphere stirs: a promise of growth or just a bluff?

MicroStrategy, a leader in institutional Bitcoin acquisition, has recently reached a historic milestone by surpassing the purchase volumes recorded during the 2021 bull market. These moves reflect a bold strategy and an unwavering commitment to the flagship cryptocurrency.

In a strategic move amid a volatile crypto market, large investors, commonly referred to as "whales," have accumulated over 250 million Dogecoin (DOGE). This significant acquisition occurred while the price of dogecoin was declining, drawing market attention due to its timing and magnitude.

Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground for regulatory and economic disputes. Here is a summary of the most notable news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.

Since its launch, Solana has distinguished itself as one of the most innovative blockchains in the industry. With its execution speed and some of the lowest transaction fees, it has attracted a dynamic ecosystem of developers and users. However, December 2024 marked a critical period. The Total Value Locked (TVL) in its DeFi ecosystem recorded a dramatic drop of $1.1 billion, reaching a critical level of $8.01 billion. This decline reflects weakened activity on the blockchain, as evidenced by a 7% decrease in the number of daily active addresses. At the same time, network revenues also fell by 24%, intensifying concerns about the sustainability and attractiveness of this leading platform. These numbers raise questions about Solana's ability to maintain its position in an increasingly competitive environment.

International economic dynamics always attract marked interest, particularly when coalitions like the BRICS are perceived as a threat to the hegemony of the American dollar. However, the recent statements from Russia, India, and South Africa have clarified their position. Indeed, these countries assert that no plan aims to weaken the American currency. They firmly reject the accusations of "de-dollarization" and emphasize their willingness to maintain stable relations with the United States.

As the year comes to a close, the bitcoin market finds itself at a decisive stage. Investors were hoping for a period of stability to end 2024 on a positive note after a series of significant fluctuations. However, several major technical indicators are countering these expectations and pointing towards a possible significant correction. Among these signals, the formation of a bearish pattern on the weekly charts and the erosion of critical support levels are raising serious concerns. Concurrently, macroeconomic conditions, marked by a decline in global money supply and a tightening of policies by the U.S. Federal Reserve, are increasing pressure on risk assets. These combined elements are fueling the most pessimistic projections. Thus, some observers even suggest that the price of bitcoin could drop by $20,000. A thorough analysis of these dynamics reveals both the challenges and the opportunities of a market in search of new certainties.

Nokia, the Finnish telecommunications giant, is heading towards a new digital era with a patent dedicated to the encryption of digital resources. This project could mark a significant advancement in securing crypto assets and blockchain technology.