How did the cryptocurrency market start the week? Which assets are attracting attention?

Crypto News - MicroStrategy, which has made a mark on the cryptocurrency market with Bitcoin purchases, announced that it bought 15,350 BTC for $1.5 billion as of Monday, December 16. With this latest Bitcoin purchase, MicroStrategy's assets have increased to 439,000 BTC. The average Bitcoin is $61,725. The business intelligence giant's aggressive Bitcoin purchases indicate institutional confidence. MicroStrategy's Bitcoin holdings account for 2.09% of the total supply in the world and hold the title of the largest institutional Bitcoin investor. MicroStrategy CEO Michael Saylor announced the massive Bitcoin purchases that occurred for six consecutive weeks on his X (formerly Twitter) account.

"MicroStrategy bought 15,350 BTC for $1.5 billion at $100,386 per Bitcoin and achieved a BTC return of 46.4% QTD and 72.4% YTD. As of 12/15/2024, we hold 439,000 BTC purchased for $27.1 billion at $61,725 per Bitcoin."

In the following sections of this article, let's examine how Bitcoin and popular altcoin assets have started the week.

How Did Cryptocurrencies Start the Week?

The Trump effect continues to affect Bitcoin price. Bitcoin reached a record high of $106,500. Last week, US President Donald Trump stated that he wanted to create a digital currency reserve similar to oil reserves. The Trump administration has a more favorable approach to cryptocurrencies compared to the Biden administration, which is positively impacting asset prices. The leading cryptocurrency is currently trading at $103,797. Ethereum, the leading altcoin, surpassed $4,000 during the intraday session but couldn't hold above this level for long. Ethereum is currently trading at $3,901. XRP price also followed the rise in Bitcoin and Ethereum, reaching $2.46.

XRP fell nearly 3% to $2.37 during the day. Assets in the meme coin market are also experiencing losses. Dogecoin fluctuates around $0.40, while Shiba Inu is trading at $0.00002690. Pepe coin, inspired by the new presale tokens, lost over 10% in value on a weekly basis and is trading at $0.00002314. Now, let's take a look at popular crypto analysts' Bitcoin price comments. At the same time, let's analyze the potential of new presale projects.

What Level is Next for Bitcoin?

Popular crypto analyst Michael Van de Poppe warned Bitcoin investors to be cautious in his recent X post, pointing out that Bitcoin has reached a new all-time high of $102,000. According to the analyst, if the $102,000 level is lost, another liquidity crash could occur. On the other hand, if the leading asset moves above $102,000, the $110,000 door opens.

“Bitcoin has reached its all-time high and is climbing higher. Be careful, the amount of leveraged long positions is still relatively high. If it loses $102,000, there will be another liquidity crash. If it stays above that, the next target will be $110,000. Good times are ahead of us.”

The analyst also expects a lot of volatility in the market this week due to important decisions. Below is the list of critical events that will take place this week.

December 17th Tuesday: Retail Sales

December 18, Wednesday: FED Meeting + FOMC Decision

December 19, Thursday: GDP + BoJ + GBP Monetary Decision

December 20 Friday: PCE Prices

Finally, the ETH/BTC chart shared by the analyst indicates ETH/BTC consolidation. If the price of Bitcoin enters a period of stagnation, we may witness the rise of Ethereum. Another cryptocurrency analyst, Ali Martinez, shared that Ethereum looks strong in the charts this week and said that the upward momentum for ETH is starting to form.

We will evaluate how popular crypto assets will move in the coming days. Now let's examine a project that attracts attention with its pre-sale.

STARS Token Pre-Sale Exceeds $18 Million!

Crypto All-Stars, which brings together the best meme coins in the world under one roof, is making a mark on the market with its high potential in the presale. Over $18 million has been raised in the Crypto All-Stars presale so far. 1 STARS token is currently being sold at a price of $0.0016782. Crypto All-Stars enables the staking of all the best meme coins on a single platform with the MemeVault staking contract. The list of the best meme coins includes PEPE, Dogecoin, Floki, Mog, Milady, Brett, Turbo, and many more meme coin projects.

The staking mechanism works very simply. During the pre-sale, you can perform the staking process immediately after purchasing STARS tokens. Users who participate early have a great advantage because they start earning rewards with a high APY! The process of buying STARS tokens is also very easy. First, visit the Crypto All-Stars official website. A secure purchasing process is provided thanks to Web3Toolkit technology. Then, you can complete the purchase process by selecting your payment method. You can use a credit or debit card through Web3Payments. If you want to be a part of this unique project, you can participate in the pre-sale by following the steps above.

The information in the text is purely informative. It does not constitute investment advice. Yazar and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment relies on various foundations such as knowledge, experience, research, and personal decisions.

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