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Bitcoin Market Updates: BTC fails $96K breakout test Bitcoin (BTC) rose 3% on Friday to hit $95,800 ending a three-day losing streak. While major altcoins like Cardano (ADA) and SUI scored excess of 5% gains, BTC rally stagnated below the $96,000 level as bulls struggled to mop up excess supply from Bitcoin ETF’s rapid outflows this week.

Stock futures remained largely unchanged in overnight trading. The Dow Jones Industrial Average Futures rose 22 points, or 0.05%, as of 7:43 p.m. EDT.  Futures tied to the S&P 500 dropped 0.09%, while Nasdaq 100 Futures dipped 0.03%.

1️⃣ Bitcoin Battles Resistance: BTC hovers near $94K, facing tough resistance. Both retail and smart money hint at bearish vibes, with predictions of a dip to $91K. Will it rebound? 📉🪙 2️⃣ Ethereum Bulls Stay Strong: ETH is riding a wave of optimism. Despite a slight market cap dip, investors remain hopeful for a rally. 🌟💹 3️⃣ Dogecoin Rockets 80%: DOGE saw massive gains this week, thanks to Trump’s win and Elon’s rumored D.O.G.E. project. The meme coin is unstoppable! 🐶🚀 4️⃣ Bitcoin ETFs Hit New Highs: ETFs surged amid Trump’s plans for a national Bitcoin reserve. Could this pave the way for mainstream adoption? 📊💼 5️⃣ Crypto-Friendly Regulations? Speculation grows about pro-crypto policies under Trump. A friendlier regulatory environment could spark a market boom. 🇺🇸⚖️ 6️⃣ Institutions Bet Big on BTC: Institutional interest in Bitcoin continues to grow, fueling demand even as regulatory challenges persist. 🏦💎 7️⃣ BTC Smashes Records: Bitcoin briefly hit $107K, driven by expectations of relaxed crypto regulations. A historic milestone! 🏆📈 8️⃣ Cardano Takes a Hit: ADA fell 1.5%, trading below $1, as volatility shakes the market. Can Cardano recover soon? ⬇️💔 9️⃣ Ether ETFs Cross $2.5B: Ether ETFs have surged in value, fueling speculation of ETH hitting $3.5K soon. Investors are keeping a close eye! 🐂💰 🔟 Market Cap Dips Slightly: The total crypto market cap slipped 1%, while Bitcoin’s dominance rose. BTC remains a steady force. 💪🌍 🔥 #BitBounty | Stay tuned for more updates!

Notably, the 2020 Bitcoin halving occurred on May 11, 2020. On that day, Dogecoin was trading with two leading zeros at $0.002406. At the time, Bitcoin itself was trading at $8,374. Bitcoin’s price gradually improved over the following weeks, surpassing $11K by August 2020. It consolidated around this price until the last quarter of the year, when a breakout occurred. By December 31, 2020, Bitcoin had reached $29,300 and later broke into the $30K range by January 2021. Bitcoin would go on to double in price in less than three months, reaching over $61K by April 2021. A major bearish correction followed, causing the price to dip to $29K by July 2021. However, Bitcoin’s uptrend resumed, reaching an all-time high for the cycle at $69K in November 2021. Dogecoin largely mirrored Bitcoin’s path. It first saw a gradual uptrend after Bitcoin’s halving in 2020. By Q4 2020, Dogecoin saw a major breakout similar to Bitcoin, rising dramatically from around $0.0025 to $0.0047. By the first week of 2021, Dogecoin had removed a zero, trading at $0.01387. This marked an impressive 470% gain from Dogecoin’s price on the day of the halving. Dogecoin’s bullish momentum didn’t cool off significantly, continuing throughout the first quarter of 2021. By Q2 2021, Dogecoin removed another zero, generating further interest in the meme coin. It eventually reached an all-time high of $0.7376 in May 2021. From its halving-day low of $0.002416 to its all-time high of $0.7376, Dogecoin’s price rose by 30,429%. This translated into an incredible 304X return for Dogecoin holders.$DOGE

The overall feeling in the market has been positive since the close of October 2024. Last month, Bitcoin (BTC) rose above its all-time high and surpassed the 100K mark. Eventually, it fell to $93.5K and rose to $98.9K today. Meanwhile, many investors have already made plenty of gains from the November/December 2024 bull run. Determining the next cryptocurrency to explode might be challenging as most funds are attracted to pumping assets. However, this article will explore the performance of cryptocurrencies with much growth potential, especially before the year runs out. The aim is to identify coins with some potential and help investors and traders make informed decisions about each token. Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of the presale token Solaxy. This new meme coin offers a unique blend of these two dynamics by combining meme coins’ excitement and reward potential with the practical utility of a Layer 2 blockchain solution. 1. Artificial Superintelligence Alliance (FET) FET has solidified its position as a standout performer in the crypto-AI sector, gaining significant attention after a 19.69% price surge over the past week. Moreover, the token continues to show potential for further growth, with its daily chart forming a bullish price action pattern. In the last 24 hours, FET’s price increased by 7.40%, reaching $1.58, while its trading volume spiked by an impressive 92.42% to hit $378.32 million, according to CoinMarketCap. Since early August 2024, FET consolidated around the $0.89 range. However, bullish momentum propelled it to $1.33 within a week before encountering resistance and undergoing a slight correction. Interestingly, this correction formed a rounding top pattern, a technical indicator that suggests the possibility of continued upward momentum. FET Price Chart In August, an investor showcased confidence in FET by swapping 255.62 billion Shiba Inu (SHIB) tokens (valued at $3.5 million) for 3.114 million FET after experiencing a 45.9% loss on SHIB. This bold decision underscores growing trust in FET’s potential. If the current rally persists, FET could break past the $1.46 resistance, potentially reaching the $1.72 to $1.85 range in the near term.