U.Today – Check out the top three news stories from the past day, brought to you by U.Today.
The price turns bull green on Christmas Eve
Yesterday, on Christmas Eve, the crypto market saw a positive turnaround, with many digital assets, including XRP, seeing price increases. The price of the Ripple-linked asset increased by more than 5.1% and reached a current high of $2,325. Traditionally, the festive season creates a cheerful mood in the market, which could influence trading behavior. However, as traders and fund managers finalize their financial statements, the impact of traditional financial practices may also ripple across the cryptocurrency landscape, especially involving large institutions like BlackRock (NYSE:) and Fidelity. At the time of writing, XRP is trading at $2.29, down nearly 1% in the last 24 hours, according to CoinMarketCap.
SHIB stocks collapse as price takes an unexpected turn
According to blockchain tracker Shibburn, the burn rate has dropped significantly. Despite burn activity decreasing by over 64%, the SHIB community managed to burn 3,166,691 SHIB meme coins within the last 24 hours. This was achieved through six burn transactions, with the largest transfers being 1,040,537 and 1,008,249 SHIB coins. On Monday, SHIB enthusiasts collectively burned around 10,000,000 SHIB by sending them to wallets that are no longer usable. Meanwhile, the current burn rate appears to have no impact on SHIB price, which rose from $0.00002117 to $0.00002336. According to CoinMarketCap, SHIB is currently changing hands at $0.000023, up 0.12%.
2,200,000 US dollars per year – predicts Max Keizer
Max Keizer, a prominent Bitcoin maximalist and former financial journalist, has made an extremely bullish price prediction for Bitcoin, suggesting that it could reach $2,200,000 per coin in the long term. Keizer’s prediction is a comment on an X post discussing Bitcoin holdings in various countries, including El Salvador, where he lives and serves as an adviser to President Nayib Bukele. In Keizer’s original post, the new forecast represents a tenfold increase from his previous estimate of $220,000 per Bitcoin.
