XRP Price Turns Bull Green on Christmas Eve, Shiba Inu Burns Collapse, Max Keiser Predicts $2,200,000 Per Bitcoin: Crypto News Digest by U.Today

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As a seasoned researcher with over two decades of experience in the financial markets, I’ve seen my fair share of bull runs and bear markets. Yesterday, I found myself intrigued by the Christmas Eve shift in the crypto market, particularly the surge in XRP price. It’s always fascinating to observe how traditional financial practices intertwine with the unpredictable world of cryptocurrencies.

Check out the top three news stories over the past day presented to you by U.Today.

XRP price turns bull green on Christmas Eve

On Christmas Eve yesterday, there was a favorable change in the crypto market, with numerous digital assets such as XRP witnessing price hikes. The value of the Ripple-linked asset surged by over 5.1%, peaking at $2.325. Historically, the holiday season tends to bring optimism to the market, potentially shaping trading patterns. Yet, as traders and financial managers wrap up their annual reports, traditional finance practices could also influence the crypto sphere, particularly given the presence of significant players like BlackRock and Fidelity. As I write this, XRP is being traded at $2.29, dipping nearly 1% in the last 24 hours, according to CoinMarketCap.

SHIB burns collapse as price makes unexpected pivot

Based on information from the Shibburn blockchain monitor, it’s been observed that the rate at which Shiba Inu coins are being burned has noticeably dropped. In the past day, despite a drop of more than 64% in burn activity, the Shiba Inu community successfully incinerated over 3.1 million SHIB meme tokens through six separate transactions. The largest transfers accounted for approximately 1.04 million and 1.008 million SHIB coins each. On Monday, SHIB supporters collectively burned nearly 10 million SHIB by sending them to wallets that can no longer be spent. However, the current decrease in the burn rate does not seem to impact the price of SHIB, which has climbed from $0.00002117 to $0.00002336. As per CoinMarketCap, SHIB is currently being traded at around $0.000023, representing a 0.12% increase.

$2,200,000 per Bitcoin — Max Keiser predicts

Max Keiser, a well-known Bitcoin enthusiast and ex-financial journalist, has made an extremely optimistic prediction about Bitcoin’s future price, estimating it could potentially reach a staggering $2,200,000 per coin in the long run. This forecast was offered as a response to a discussion on Reddit regarding the Bitcoin reserves of various nations, such as El Salvador, where Keiser resides and serves as an advisor to President Nayib Bukele. The initial Reddit post hypothesized that if several major countries started aggressively purchasing Bitcoin, its value could surge substantially within the next year or two. Keiser’s latest prediction represents a tenfold increase from his previous projection of $220,000 per Bitcoin.

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2024-12-25 18:23