1.'Biggest week of the year' — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts one of the most important macro weeks of the year in a precarious position below $17,000.
After its latest weekly close, BTC/USD showed little upward momentum prior to the Dec. 12 Wall Street open.
With volatility yet to appear, the largest cryptocurrency continues to trade in a narrow range, and analysts are increasingly impatient for new catalysts.
2.Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'
Arthur Hayes, the former CEO of crypto derivatives platform BitMEX, thinks the worst might be over for Bitcoin (BTC) this cycle as the "largest most irresponsible entities" have run out of BTC to sell.
3.Bitcoin Price Prediction: BTC On-Chain Data Signals Bullish Sentiment, $15K Or $20k By Dec End?
Bitcoin (BTC) price hit a high of $18,318 in the last 24 hours. Despite a correction in the BTC price after the U.S. Federal Reserve’s 50 bps rate hike, the sentiments remain positive. On-chain data also indicates a decline in Bitcoin selling pressure by whales and miners.
4.Bitcoin Zeroes In On $18,000 – Can BTC Upside Breakout Materialize?
After weeks of consolidation, Bitcoin – the largest cryptocurrency by market capitalization – and the broader cryptocurrency market have witnessed a short-term bounce in response to Consumer Price Index data that exceeded expectations.
The Labor Department of the United States reported that CPI climbed barely 0.1% between October and November. Last month, the inflation measure recorded a score of 7.1% compared to the projected 7.3%.
5.Whale Accumulation Paints Bullish Picture For XRP
XRP whales have taken advantage of the price decline recorded in the crypto market to fill up their bags. These large investors have been rapidly buying up the tokens and increasing the percentage of supply they hold. In the last month, the holdings of these large whales have seen a significant uptick, sending their cumulative total holdings to one of the highest it has ever been.
