The post Crypto Price Analysis 12-13 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, BITTENSOR: TAO, CELESTIA: TIA, ARBITRUM: ARB, HEDERA: HBAR appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) reached an intraday high of $102,500 on Thursday as the crypto market staged a dramatic recovery after the crash earlier in the week. However, selling pressure forced BTC below $100,000, with the cryptocurrency down 1.24% and trading at $99,750. The crash earlier in the week liquidated over 100,000 traders, leading to a total of $298.5 million in total liquidations. The crypto market cap, which registered a dramatic increase when markets recovered, is down by 1.33% and currently sits at $3.6 trillion.  Most cryptocurrencies have started the day in the red, with Ethereum (ETH) down marginally and trading just below $4,000. Solana (SOL) is down by 1.36% and trading at $227, while Dogecoin (DOGE) is down almost 2% and trading at $0.408. Notable declines have also been registered by Cardano (ADA), Shiba Inu (SHIB), Toncoin (TON), and Polkadot (DOT). However, Avalanche (AVAX) and Chainlink (LINK) have defied the broader market, registering gains of 5.97% and 10.90%.  Japanese Lawmaker Proposes National Bitcoin Reserve A Japanese lawmaker has asked the government to create a national Bitcoin reserve, following similar calls by lawmakers in Argentina and Russia. Satoshi Hamada, an MP from the Party to Protect the People from NHK, made the proposal. Hamada presented a written request to the Japanese government regarding the creation of a reserve for cryptocurrencies. The lawmaker pointed out similar plans have been proposed in Brazil and the United States, where Treasury officials could hold Bitcoin (BTC) as a strategic reserve. The lawmaker asked the government to consider converting part of its foreign exchange reserves into cryptocurrencies like BTC.  Hamada pointed out that BTC is less susceptible to the influence of countries and institutions, and its neutrality and decentralized nature allow it to support economic activity without relying on a specific currency. The government will present Hamada…

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Filed under: News - @ December 14, 2024 6:14 am