A meme coin has witnessed a whopping 4,000% increase in its value in just two months. Despite a recent downturn, a well-known crypto analyst continues to hold a positive outlook on this coin.



What Happened: An anonymous trader who goes by the name of Altcoin Sherpa is persistently accumulating the Solana-based meme coin, Fartcoin (CRYPTO: FARTCOIN).



Altcoin Sherpa has been purchasing Fartcoin at approximately $0.80, with the goal of maintaining an average buying price of $0.80 or less. 



Despite the coin&#8217;s recent 11% fall, the analyst remains optimistic, attributing his confidence to the coin&#8217;s strong meme potential.



"I'm filling a bit around $0.80ish, approaching my buys. Total buys = some at $1, more at $0.80, and I also moved some other buys to $0.65 in case they come. I want my average to be around $0.80 or lower though. Still think this is a good meme and I'm hopeful it doesn't pull a goat/act/etc after being listed," the crypto analyst shared on X. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/FARTCOIN?src=hash&amp;ref_src=twsrc%5Etfw">#FARTCOIN</a> I&#39;m filling a bit around $0.80ish, approaching my buys. Total buys = some at $1, more at $0.80, and I also moved some other buys to $0.65 in case they come. I want my average to be around $0.80 or lower though. Still think this is a good meme and I&#39;m hopeful it doesn&#39;t… <a href="https://t.co/4nzyCts8of">https://t.co/4nzyCts8of</a> <a href="https://t.co/qNIBGCILgt">pic.twitter.com/qNIBGCILgt</a>&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1872973062909358209?ref_src=twsrc%5Etfw">December 28, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



However, Altcoin Sherpa did voice some concerns, saying the trade might be &#8220;a bit too consensus.&#8221; The trader also expressed uncertainty about Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), advising caution for the time being.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42027124/forget-dogecoin-and-shiba-inu-this-meme-coin-skyrockets-after-coinbase-hints-at-possible-listing">Forget Dogecoin And Shiba Inu — This Meme Coin Skyrockets After Coinbase Hints At Possible Listing</a>



"Frankly I am a bit scared that this trade is a bit too consensus, to be honest. It's a fantastic meme and hits many incredible narratives but it seems almost ‘too' obvious. But still gonna fire and add," the analyst mentioned in the post. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">frankly I am a bit scared that this trade is a bit too consensus to be honest. It&#39;s a fantastic meme and hits many incredible narratives but it seems almost &#39;too&#39; obvious. But still gonna fire and add.&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1873009611567141360?ref_src=twsrc%5Etfw">December 28, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Currently, Fartcoin is trading at $0.81 and is the 136th largest crypto asset by market cap. This memecoin, which was launched in late October, has experienced an impressive 4,000% increase in the past two months.



Why It Matters: The meteoric rise of Fartcoin underscores the growing popularity and influence of memecoins in the crypto market. Despite their often whimsical names and origins, these coins have demonstrated the potential for significant financial gains, attracting both casual and serious investors.



The bullish stance of Altcoin Sherpa, a respected figure in the crypto trading community, further validates the potential of memecoins like Fartcoin.



However, as with all investments, there is a degree of risk involved, and the recent dip in Fartcoin&#8217;s value serves as a reminder of the volatility inherent in the crypto market.



Read Next



<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42716074/mark-cuban-criticizes-meme-coins-as-a-hustle-and-money-gamble-like-a-game-of-musical-chairs-with-money">Mark Cuban Criticizes Meme Coins as a &#8216;Hustle&#8217; and Money Gamble: &#8216;Like a Game of Musical Chairs With Money&#8217;</a>



This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Crypto Analyst Bullish On This Meme Coin That's Turned Heads With 4,000% Surge

Solana's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) price has decreased 3.54% over the past 24 hours to $190.39, continuing its downward trend over the past week of -4.0%, moving from $198.34 to its current price. 
The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2025/1735743606_0.png" alt="price_chart" />

The trading volume for the coin has decreased 16.0% over the past week, while the overall circulating supply of the coin has increased 0.48% to over 482.82 million. The current market cap ranking for SOL is #6 at $91.93 billion.
<img src="https://www.benzinga.com/files/images/story/2025/1735743606_1.png" alt="supply_and_vol" />

<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Solana Down More Than 3% Within 24 hours

Bitwise Asset Management is taking on a more aggressive stance on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). The company filed for an ETF on Dec. 26 with a strategy to focus on business companies significantly exposed to Bitcoin.



The companies in question are firms holding more than 1,000 Bitcoin and have strong liquidity and trade volume. The catch is, instead of solely being concerned with the size of the companies, the ETF will be based on the amount of Bitcoin a company has, but no more than 25% for one company.



The submission of the Bitwise Bitcoin Standard Corporations ETF, which was originally intended to focus on firms holding large reserves of Bitcoin — such as MicroStrategy and Tesla — reflects the growing mainstream acceptance of Bitcoin as a treasury asset.



The operations of the primary asset managed within the constraint of fixed weighting of dollar exposure could enhance the appeal of the completely new kind of asset class ETF. Companies engaging in Bitcoin operations with at least a $100 million market capitalization, a minimum daily liquidity of $1 million and a free float of less than 10% are eligible for the ETF.



See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42723691/microstrategy-drops-209-million-on-bitcoin-in-8-week-buying-blitz">MicroStrategy Drops Another $209 Million On Bitcoin, Extends Buying Streak To 8 Weeks</a>



This move is remarkable development with respect to the wave of institutions now investing in Bitcoin. In a similar trend, on the same day as Bitwise&#8217;s application, Strive Asset Management <a href="https://www.benzinga.com/24/12/42697066/vivek-ramaswamys-strive-applies-for-bitcoin-bond-etf-that-will-track-microstrategys-convertible-securities-market">applied for ETF bonds</a> on Bitcoin, which indicates further adoption trends.



Recall Bitcoin reaching valuations of $100,000? It wasn't just the retail investors that caused the frenzy — it was institutions and businesses investing their assets with the approval of spot Bitcoin ETFs. In 2024, the approval of the spot Bitcoin ETFs by the SEC revolutionized the market and accelerated institutional investment and the integration of Bitcoin into conventional financial systems.



And then there is MicroStrategy, which has acquired more than 446,400 BTCs. If this ETF is approved then such firms may witness an even higher level of attention.



What's the bigger picture? Crypto is not a niche anymore: it's becoming a standard in corporate strategy and financial markets. Bitwise is just betting on this trend with a new approach.



Read Next: • <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42691548/floki-eyes-dogecoin-rivalry-with-second-meme-coin-exchange-traded-product">Floki Eyes Dogecoin Rivalry With Second Meme Coin Exchange-Traded Product</a>







Photo: Shutterstock

Bitwise's Bold Approach: New ETF Targets Bitcoin Powerhouses As Institutional Adoption Soars

For decades, gold has been the go-to choice for safe investing. Whatever the condition of the economy, investors relied on the yellow metal as the ultimate store of value. This has not changed and people have always used it to store value, no matter the economy&#8217;s condition or the stability of <a href="https://www.benzinga.com/markets">the markets</a>.



The landscape is shifting. Gold may face strong competition from Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), particularly through Bitcoin-focused exchange-traded funds. The competition has perhaps been best illustrated through the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).



<h4 class="wp-block-heading">The Rise Of IBIT</h4>



IBIT was launched in January 2024 and in under a year, it has grossed almost $50 billion in assets under management.



This steep climb is not only remarkable, but unprecedented. The Bitcoin Investment Trust&#8217;s asset management business surpassed the established leaders in the market: BlackRock's iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) and the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), which is the largest gold ETF globally. This milestone makes one thing clear: Bitcoin is no longer viewed as just another speculative bubble.



See Also: <a href="https://www.benzinga.com/24/12/42737368/blackrocks-bitcoin-fund-breaks-records-with-historic-etf-launchwill-it-surpass-the-worlds-biggest-gold-etf-in-january">Blackrock&#8217;s Bitcoin Fund Breaks Records With Historic ETF Launch—Will It Surpass The World&#8217;s Biggest Gold ETF In January?</a>



<h4 class="wp-block-heading">Shifting Preferences: The Role Of Younger Investors</h4>



Here's the thing: Bitcoin's rise isn't just about numbers; it's about people—specifically, younger investors. For millennials and Gen Z, Bitcoin represents more than just an asset. It's about decentralization, innovation, and staying ahead in a tech-driven world. Gold, on the other hand? Many in these generations see it as old-school.



"Younger investors see Bitcoin as ‘digital gold,' a natural evolution of what gold represented for previous generations," Nate Geraci, president of The ETF Store, <a href="https://www.bloomberg.com/news/articles/2024-12-30/blackrock-s-bitcoin-fund-became-greatest-launch-in-etf-history?embedded-checkout=true">told </a>Bloomberg. "The ease of trading Bitcoin ETFs and the high returns they've delivered have only solidified their appeal."



<h4 class="wp-block-heading">Bitcoin's Growing Utility As Store Of Value</h4>



Let's talk about why Bitcoin is pulling ahead. Unlike gold, Bitcoin has a finite supply of 21 million coins, which adds to its appeal as a store of value. And with ETFs like IBIT, Bitcoin has become accessible to both retail and institutional investors.



Compare that to gold. While it's a proven store of value, its physical nature poses challenges like storage and transportation. In a fast-paced, digital-first investment world, those can feel like big drawbacks.



Interestingly, the Bitcoin-to-gold ratio, which compares Bitcoin's value to an ounce of gold, reached an all-time high of 40 on Dec. 16. This highlights Bitcoin's increasing price, which recently crossed $108,000, while gold remains around $2,650 per ounce. The ratio underscores Bitcoin's growing prominence as a financial asset and its ability to challenge gold's traditional role as a safe haven.



<h4 class="wp-block-heading">The Ripple Effect On Gold ETFs</h4>



This isn't to say gold ETFs are losing their shine entirely. They're still a staple for many portfolios. But the numbers tell a story: Bitcoin-focused ETFs like IBIT and Fidelity's offering are starting to attract more net inflows than traditional gold funds.



If the trend continues, analysts predict IBIT could soon rival — or even surpass — GLD in AUM. That would be a seismic shift in the hierarchy of safe-haven investments.



<h4 class="wp-block-heading">What the Future Holds For Safe-Haven Investing</h4>



So, what's next? The competition between Bitcoin and gold ETFs marks a pivotal moment in investing. Gold's legacy ensures it'll remain relevant, but Bitcoin's rapid adoption shows that digital assets are becoming a cornerstone of modern portfolios.



The approval of Bitcoin spot ETFs in 2024 has further signaled regulatory acceptance, setting the stage for future crypto products. "Younger investors want assets that align with their digital-first lifestyles," says Geraci. "As Bitcoin becomes more mainstream, its role as a safe-haven asset will only grow."



For now, the rivalry between Bitcoin and gold is about more than just returns. It's a battle between tradition and innovation, one that's shaping the future of investing in real-time.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/trading-ideas/previews/24/12/42745852/tesla-q4-delivery-preview-will-2024-stock-gains-hold-as-growth-slows">Tesla Q4 Delivery Preview: Will 2024 Stock Gains Hold As Growth Slows?</a></li>
</ul>



Photo: Shutterstock.

Gold's Shine Fades As Bitcoin ETFs Rise: The New Safe-Haven Champion?

Ethereum Price Forecast: ETH could see new all-time high in 2025 as blobs top burn leaderboard

Cryptocurrency markets are trading relatively flat on New Year&#8217;s Eve, with Bitcoin exchange netflows significantly lower.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td> $93,826</td><td>-0.5%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td> $3,354</td><td>-1.0%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td> $195.05</td><td>+0.8%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td> $2.09</td><td>+0.4%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td> $0.3184</td><td>+0.2%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td> $0.00002124</td><td>-1.1%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 48.2% and daily active addresses falling by 0.07%. Transactions greater than $100,000 are up from 7,678 to 10,479 in a single day. Exchanges netflows are down by 3,927.1%.</li>



<li>Coinglass data reports 85,767 traders were liquidated for $236.02 million.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42740586/bitcoin-surges-above-95500-in-2024-closing-day-whats-next">Bitcoin Surges Above $95,500 In 2024 Closing Day: What&#8217;s Next?</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42738817/new-year-new-strategy-buy-crypto-like-you-buy-fine-wine-in-2025-experts-share-resolutions">New Year, New Strategy: Buy Crypto Like You Buy Fine Wine In 2025 — Experts Share Resolutions</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42741117/coinbase-ceo-brian-armstrong-a-stablecoin-integration-x-would-great-feature">Coinbase CEO Brian Armstrong Says A Stablecoin Integration On X Would Be &#8216;A Great Feature&#8217;</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42740881/can-bitcoin-as-legal-tender-reshape-a-nations-economy-lessons-from-el-salvador">Can Bitcoin as Legal Tender Reshape a Nation&#8217;s Economy? Lessons from El Salvador</a></li>



<li><a href="https://www.benzinga.com/24/12/42739155/elon-musk-changes-his-name-to-kekius-maximus-on-x-sending-to-memecoin-skyrocketing-over-600">Elon Musk Changes His Name To &#8216;Kekius Maximus&#8217; On X, Sending This Memecoin Skyrocketing Over 600%</a></li>
</ul>



Top Gainers:



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Virtuals Protocol (CRYPTO: VIRTUAL)</td><td> $4.00</td><td>+16.6%</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td> $0.00002043</td><td>+11.0%</td></tr><tr><td>Mantra (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/om/usd">OM</a>)</td><td> $3.83</td><td>+8.0%</td></tr></tbody></table></figure>



Trader Notes: With Bitcoin prices relatively flat, CoinDesk analyst James Van Straten stated that this scenario is just as in the prior three cycles when Bitcoin saw corrections at this point after the halving.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This cycle as with the previous three cycles for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> all saw corrections at this point after the halving. Note how the corrections are starting later and finishing later. Maybe, to do with elongated cycles. All is well. <a href="https://t.co/SwNQ1rH4ur">pic.twitter.com/SwNQ1rH4ur</a>&mdash; James Van Straten (@btcjvs) <a href="https://twitter.com/btcjvs/status/1874069329568031044?ref_src=twsrc%5Etfw">December 31, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto trader Jelle predicts Bitcoin preparing for a larger move ahead.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has printed the &#39;fuck all of you&#39; pattern! This pattern reduces leverage in the system, preparing for a larger move ahead. &#x1f9d8;&#x1f3fc;&#x200d;&#x2642;&#xfe0f; <a href="https://t.co/Qph5ZJbxEE">pic.twitter.com/Qph5ZJbxEE</a>&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1874013126045426023?ref_src=twsrc%5Etfw">December 31, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



More Crypto Online <a href="https://x.com/Morecryptoonl/status/1874100766257943011">noted</a> that Bitcoin&#8217;s price has moved upward as anticipated, with further short-term upside likely. However, the overall corrective pattern to the downside appears incomplete. The current movement aligns with the &#8220;yellow scenario,&#8221; and a break above $97,450 would further confirm this trajectory.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42745169/bitcoin-reserves-spot-etfs-ai-agents-key-trends-to-watch-in-crypto-in-2025">Bitcoin Reserves, Spot ETFs, AI Agents: Key Trends To Watch In Crypto In 2025</a>v</li>
</ul>

Bitcoin, Ethereum, XRP, Dogecoin Trade Sideways On New Year's Eve

<ul>
	<li>PEPE price surged 25% within the last 24 hours, decoupling from the broader market gloom.</li>
	<li>Whale transactions on the PEPE network hit a weekly peak volume of $121 million on Monday.</li>
	<li>Technical indicators suggest the bullish momentum could weaken as PEPE price approaches the $0.000025 resistance level.</li>
</ul>

PEPE price surged 25% within the last 24 hours, decoupling from the broader crypto market’s year-end volatility. With whales spotted entering last-minute buying frenzy, can PEPE breach the $0.000025 resistance? &nbsp;

<h2 class="fxs_headline_medium">PEPE price decouples from Crypto market dip with 25% rally</h2>

PEPE has emerged the standout performer, as global <a data-fxs-autoanchor="" href="https://www.fxstreet.com/cryptocurrencies">cryptocurrency markets</a> experienced &nbsp;intense volatility in the final trading hours of 2024.

Amid the downtrend, <a href="https://www.fxstreet.com/cryptocurrencies/news/us-bitcoin-reserve-adoption-faces-doubts-202412300957" target="_blank">Bitcoin</a> price remains stuck below $95,000, struggling to reclaim key psychological levels, while Ethereum continues to falter around $3,300.&nbsp;

Similarly, memecoins like Dogecoin (DOGE) and Shiba Inu (<a href="https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-price-prediction-shib-whale-demand-plunges-as-solana-memes-dominate-202412181435" target="_blank">SHIB</a>) have recorded double-digit losses over the past week.

However, amid this gloomy backdrop, PEPE price has increased considerably on Tuesday.

<a href="https://editorial.fxsstatic.com/miscelaneous/PEPEUSDT_2024-12-31_17-19-21-638712648512406643.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/PEPEUSDT_2024-12-31_17-19-21-638712648512406643.png" style="width: 2586;height: 1178;"></a>PEPE Price Action | Source: TradingView

According to TradingView data, PEPE's price climbed from a daily low of $0.000017 on Monday to reach $0.000021 during Tuesday's trading session.

This 25% rally makes PEPE the best-performing asset among the top 20-ranked cryptocurrencies in the final trading day of 2024.&nbsp;

With 1,500% yearly timeframe returns, and a market capitalization of $8.3 billion, PEPE is on course to close 2024 as the 3rd largest memecoin project behind DOGE and SHIB.&nbsp;

<h2 class="fxs_headline_medium"> 
Whales spotted trading $121M in last-minute frenzy</h2>

 
PEPE’s 25% price surge on Tuesday has left many wondering if this momentum is sustainable or simply a temporary spike driven by short-term factors. On-chain data trends show an unusual spike in whale trading activity on the PEPE network, a move that could have sparked the rally.

<a href="https://editorial.fxsstatic.com/miscelaneous/Screen Shot 2024-12-31 at 5.39.17 PM-638712648829176634.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/Screen%20Shot%202024-12-31%20at%205.39.17%20PM-638712648829176634.png" style="width: 2364;height: 1094;"></a>PEPE Whale Transactions | Source: IntoTheBlock&nbsp;

According to on-chain analytics platform IntoTheBlock, PEPE's network recorded a weekly peak volume of $121 million in whale transactions on Monday.

This figure represents the highest level of large wallet activity on the PEPE blockchain in over a month. 
&nbsp; 
The timing of these transactions suggests strategic accumulation by large investors capitalizing on the market dip and thin liquidity to drive prices higher.&nbsp;

While this surge in whale demand on Monday has coincided with PEPE 25% price gains in the last 24 hours, it remains to be seen if the whale demand will persist, or if rally evolves into a bull-trap.&nbsp;

<h2 class="fxs_headline_medium">PEPE Price Forecast: $0.000025 Resistance Looms Large</h2>

While PEPE’s recent rally is impressive, technical indicators suggest that the bullish momentum could face challenges as the price approaches the $0.000025 resistance level.

Historically, bears mounted a major sell-wall at this price zone when the market crash began in mid-December.&nbsp;

The Moving Average Convergence Divergence (MACD) indicator on the daily timeframe shows limited bullish momentum.

While the MACD line has crossed above the signal line, the histogram's shallow peaks suggest low trading volume and weak demand to sustain further upward movement.

This aligns with the broader market trend, where Bitcoin and <a data-fxs-autoanchor="" href="https://www.fxstreet.com/cryptocurrencies/ethereum">Ethereum</a> are struggling to maintain key levels, and other memecoins like DOGE and SHIB remain bearish.

Additionally, the Relative Strength Index (RSI) sits at 53.08, indicating neutral conditions.

While this level leaves room for further upward movement, the RSI has yet to break into overbought territory, suggesting the rally lacks the strong momentum typically needed to breach significant resistance levels.

<a href="https://editorial.fxsstatic.com/miscelaneous/PEPEUSDT_2024-12-31_18-50-56-638712649006592954.png" target="_blank"><img src="https://editorial.fxsstatic.com/miscelaneous/PEPEUSDT_2024-12-31_18-50-56-638712649006592954.png" style="width: 2602;height: 1338;"></a> 
PEPE Price Forecast | PEPEUSDT

If PEPE price rally successfully breaks above $0.000025, it could ignite a broader bullish trend, with the next target set at $0.000030.

Such a move would likely require renewed whale activity or significant market-wide sentiment shifts.

However, considering the weak MACD momentum and PEPE’s rally against broader market trends, this scenario appears less likely in the near term.

Alternatively, failure to overcome the $0.000025 resistance would likely result in a consolidation phase. A rejection at this level could see PEPE retesting $0.00002006 and potentially dropping further to $0.00001846, where the lower Donchian Channel boundary could act as a safety net.

A break below $0.00001846 would invalidate the current bullish structure and open the door for a decline toward $0.00001441. 
&nbsp;

PEPE Price Prediction: Last-minute $121M whale demand sparks 1,500% 2024 rally

The crypto sector is on the cusp of a paradigm shift in 2025, with significant developments poised to reshape the landscape, according to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41171878/franklin-templeton-seeks-sec-approval-for-dual-bitcoin-ethereum-index-etf">asset manager Franklin Templeton</a>.



What Happened: In its 2025 crypto outlook, <a href="https://www.franklintempleton.com/forms-literature/download/DAO-F25">published</a> on Monday, the asset manager flags several key developments that bode well for the cryptocurrency industry in 2025:



<ul>
<li>Regulatory Advancements: U.S. regulators, including the SEC, are expected to support diversified crypto-linked products, <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39010573/sec-approval-of-ethereum-etfs-is-evidence-of-a-profound-shift-in-crypto-adoption-report">such as ETFs </a>and tokenized securities. Favorable policies could restore the U.S. as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42714042/analyst-says-this-single-factor-could-propel-bitcoin-and-crypto-to-new-heights-in-2025">global leader in crypto</a> innovation.</li>



<li>TradFi-Crypto Convergence: Traditional financial institutions (TradFi) and crypto infrastructure are likely to become deeply interconnected. Anticipated <a href="https://www.benzinga.com/news/events/24/12/42348790/stablecoins-a-new-tool-for-us-dollar-dominance-global-financial-access">stablecoin regulations</a> may empower major financial players to launch their own stablecoins, broadening adoption.</li>



<li>DeFi Growth: The growth of tokenized assets and stablecoins will catalyze the global adoption of decentralized finance (DeFi), bringing efficiency and accessibility to financial services.</li>



<li>Bitcoin&#8217;s Role: Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) will solidify its position as a global financial asset and digital store of value. Sovereign nations and institutional entities are expected to add BTC to their <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42601193/senator-lummis-introduces-strategic-bitcoin-reserve-proposal">strategic reserves</a>, signaling its growing importance.</li>



<li>Decentralized Infrastructure: Industries will embrace <a href="https://www.benzinga.com/money/depin-crypto-coins">Decentralized Physical Infrastructure Networks</a> (DePIN) for logistics and IoT applications, driven by demand for secure, transparent solutions.</li>



<li>AI-Crypto Integration: The integration of AI and blockchain will accelerate, with blockchains providing transparency and verification essential for the AI-driven economy. <a href="https://www.benzinga.com/24/12/42446686/google-introduces-ai-agent-prototype-that-can-browse-the-web">AI agents</a> will utilize blockchain to automate transactions, manage portfolios, and blend digital content with on-chain activities</li>
</ul>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42738817/new-year-new-strategy-buy-crypto-like-you-buy-fine-wine-in-2025-experts-share-resolutions">New Year, New Strategy: Buy Crypto Like You Buy Fine Wine In 2025 — Experts Share Resolutions</a></li>
</ul>



Image: Shutterstock

Bitcoin Reserves, Spot ETFs, AI Agents: Key Trends To Watch In Crypto In 2025

Crypto



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42741117/coinbase-ceo-brian-armstrong-a-stablecoin-integration-x-would-great-feature">Coinbase CEO Brian Armstrong Says A Stablecoin Integration On X Would Be &#8216;A Great Feature&#8217;</a></li>



<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42740882/microstrategys-bitcoin-play-stellar-year-but-december-doldrums-loom-large">MicroStrategy&#8217;s Bitcoin Play: Stellar Year, But December Doldrums Loom Large</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42740763/european-crypto-regulation-risks-liquidity-lack-of-innovation">European Crypto Regulation Risks Liquidity, Lack Of Innovation</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42740586/bitcoin-surges-above-95500-in-2024-closing-day-whats-next">Bitcoin Surges Above $95,500 In 2024 Closing Day: What&#8217;s Next?</a></li>



<li><a href="https://www.benzinga.com/24/12/42740364/whats-going-on-with-hive-digital-shares-on-tuesday">Blockchain Company HIVE Digital Plans Texas Relocation &amp; US GAAP Shift &#8211; What&#8217;s On The Cards?</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42739012/dogecoin-killer-shiba-inu-burn-rate-surges-243-what-is-going-on">&#8216;Dogecoin Killer&#8217; Shiba Inu Burn Rate Surges 243%: What Is Going On?</a></li>



<li><a href="https://www.benzinga.com/24/12/42737368/blackrocks-bitcoin-fund-breaks-records-with-historic-etf-launchwill-it-surpass-the-worlds-biggest-gold-etf-in-january">Blackrock&#8217;s Bitcoin Fund Breaks Records With Historic ETF Launch—Will It Surpass The World&#8217;s Biggest Gold ETF In January?</a></li>
</ul>



US Markets­­­­­­­­



<ul>
<li><a href="https://www.benzinga.com/24/12/42736503/dow-tumbles-over-400-points-fear-continues-to-grip-markets-fear-greed-index-remains-in-fear-zone">Dow Tumbles Over 400 Points As Tesla, Meta Decline: Fear Continues To Grip Markets, Greed Index Remains In Red Zone</a></li>



<li><a href="https://www.benzinga.com/24/12/42736376/wall-street-receives-grinch-as-it-misses-the-santa-rally-this-analyst-still-believes-sp-500-can-get-close-to-7000-in-first-half-of-2025">Wall Street Meets The Grinch Instead Of Santa But This Analyst Believes &#8216;S&amp;P 500 Can Get Close To 7,000&#8217; In First Half Of 2025</a></li>
</ul>



US Economy



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42738682/mohamed-el-erian-warns-federal-reserve-needs-to-refrain-from-being-overly-restrictive-in-2025">Mohamed El-Erian Warns Federal Reserve Needs To Refrain From Being &#8216;Overly Restrictive&#8217; In 2025</a></li>



<li><a href="https://www.benzinga.com/24/12/42737782/us-money-market-funds-hit-record-high-of-675-trillion-does-this-liquid-cash-pile-illustrate-latent-buying-power">US Money Market Funds Hit Record High Of $6.75 Trillion: Does This Liquid Cash Pile Illustrate Latent Buying Power?</a></li>
</ul>



World Economy



<ul>
<li><a href="https://www.benzinga.com/24/12/42738694/asia-mixed-europe-rises-with-early-market-closures-crude-oil-and-gold-tick-higher-global-markets-today-while-us-slept">Asia Mixed, Europe Gains, Natural Gas Eases After Rally &#8211; Global Markets Today While Us Slept</a></li>
</ul>



Tech



<ul>
<li><a href="https://www.benzinga.com/24/12/42739747/legal-action-against-financial-tech-firm-dave-over-alleged-hidden-fees-misleading-advertising">Fin Tech Firm Dave Faces Legal Action Over Alleged Hidden Fees, Misleading Advertising</a></li>



<li><a href="https://www.benzinga.com/24/12/42739715/mark-zuckerberg-offloads-another-1-39-million-in-meta-stock-weeks-after-88m-sale-spree">Mark Zuckerberg Offloads Another $1.39 Million In Meta Stock, Weeks After $88M Sale Spree</a></li>
</ul>



<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42739523/apple-amazon-samsung-and-nintendo-what-tech-marvels-are-these-giants-cooking-in-2025">Apple, Amazon, Samsung, And Nintendo: What Tech Marvels Are These Giants Cooking In 2025</a></li>



<li><a href="https://www.benzinga.com/24/12/42739273/nvidia-holds-support-while-this-other-magnificent-seven-stock-eyes-buy-zone-heres-what-technical-analysis-says">Nvidia Defends Key Support As This Magnificent 7 Peer Approaches Buy Zone: Here&#8217;s What Technical Analysis Says</a></li>



<li><a href="https://www.benzinga.com/24/12/42736387/eu-usb-c-directive-kicks-in-what-it-means-for-you-your-devices-and-the-planet">MagSafe Won&#8217;t Be Phased Out By EU&#8217;s New Directive: Here&#8217;s Why MacBook Users Have Nothing To Worry About</a></li>



<li><a href="https://www.benzinga.com/tech/24/12/42736353/iphone-17-to-get-display-upgrade-as-apple-finally-ditches-60hz-technology-new-leak-reiterates-possibility">iPhone 17 To Get Display Upgrade As Apple Finally Ditches 60Hz Technology? New Leak Reiterates Possibility</a></li>
</ul>



Electric Vehicle



<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42738877/tesla-recalls-nearly-78000-model-3-model-y-vehicles-in-china">Tesla Recalls Nearly 78,000 Model 3, Model Y Vehicles In China</a></li>



<li><a href="https://www.benzinga.com/news/guidance/24/12/42738279/evtol-company-ehang-shares-climb-revenue-projections-beat-consensus-as-eh216-s-demand-soars">eVTOL Company EHang Shares Climb: Revenue Projections Beat Consensus As EH216-S Demand Soars</a></li>



<li><a href="https://www.benzinga.com/news/global/24/12/42737888/tesla-rival-xpeng-to-hire-over-6000-workers-in-2025-expecting-increased-competition-report">Tesla Rival XPeng To Hire Over 6,000 Workers In 2025 Expecting Increased Competition: Report</a></li>



<li><a href="https://www.benzinga.com/news/global/24/12/42737037/tesla-shanghai-megafactory-starts-trial-production-seven-months-after-breaking-ground">Tesla Shanghai Megafactory Starts Trial Production Seven Months After Breaking Ground</a></li>



<li><a href="https://www.benzinga.com/tech/24/12/42736433/lucid-starts-deliveries-of-tesla-model-x-competitor-gravity-suv">Lucid Starts Deliveries Of Tesla Model X Competitor Gravity SUV</a></li>
</ul>



Industrial



<ul>
<li><a href="https://www.benzinga.com/news/guidance/24/12/42739532/why-is-ftai-aviation-stock-surging-today">Why Is FTAI Aviation Stock Surging Today?</a></li>



<li><a href="https://www.benzinga.com/markets/equities/24/12/42718607/boeing-shares-fall-over-4-in-monday-premarket-as-airplane-maker-faces-scrutiny-after-deadliest-737-800-crash-in-south-korea">Boeing Shares Fall Over 4% In Monday Premarket As Airplane Maker Faces Scrutiny After Deadliest 737-800 Crash In South Korea (UPDATED)</a></li>



<li><a href="https://www.benzinga.com/news/24/12/42737427/days-after-two-fatal-crashes-ryanair-flight-to-vienna-diverted-due-to-reported-gps-jamming-over-poland">Days After Two Fatal Crashes, Ryanair Flight To Vienna Diverted Due To Reported GPS Jamming Over Poland</a></li>
</ul>



Healthcare



<ul>
<li><a href="https://www.benzinga.com/general/health-care/24/12/42741081/fda-and-nuwellis-address-potentially-high-risk-issue-with-blood-circuit-device">FDA And Nuwellis Address Potentially High-Risk Issue With Blood Circuit Device</a></li>



<li><a href="https://www.benzinga.com/24/12/42740738/sangamo-therapeutics-stock-plunges-as-pfizer-terminates-hemophilia-gene-therapy-pact">Sangamo Therapeutics Stock Plunges As Pfizer Terminates Hemophilia Gene Therapy Pact</a></li>



<li><a href="https://www.benzinga.com/24/12/42739705/axsome-reveals-data-from-alzheimers-studies-analyst-sees-hope-despite-mixed-trial-results">Axsome Reveals Data From Alzheimer&#8217;s Studies, Analyst Sees Hope Despite Mixed Trial Results</a></li>
</ul>



Financial



<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42740273/nvidia-goldman-sachs-jefferies-financial-and-a-leading-brokerage-firm-on-cnbcs-final-trades">Nvidia, Goldman Sachs, Jefferies Financial And A Leading Brokerage Firm On CNBC&#8217;s &#8216;Final Trades&#8217;</a></li>



<li><a href="https://www.benzinga.com/markets/equities/24/12/42736019/blackrock-faces-jan-10-deadline-for-compliance-over-bank-stakes-as-fdic-scrutinizes-investor-power-report">BlackRock Faces Jan. 10 Deadline For Compliance Over Bank Stakes As FDIC Scrutinizes Investor Power: Report</a></li>
</ul>



General



<ul>
<li><a href="https://www.benzinga.com/24/12/42739155/elon-musk-changes-his-name-to-kekius-maximus-on-x-sending-to-memecoin-skyrocketing-over-600">Elon Musk Changes His Name To &#8216;Kekius Maximus&#8217; On X, Sending This Memecoin Skyrocketing Over 600%</a></li>



<li><a href="https://www.benzinga.com/tech/24/12/42738473/2024s-wildest-brand-marriages-from-teslas-mezcal-to-life-size-polly-pocket">2024&#8217;s Wildest Brand Marriages: From Tesla&#8217;s Mezcal To Life-Size Polly Pocket</a></li>



<li><a href="https://www.benzinga.com/general/social-media/24/12/42737155/bill-ackman-questions-stock-market-closure-to-honor-jimmy-carter-calls-it-shutting-down-commerce">Bill Ackman Questions Stock Market Closure To Honor Jimmy Carter, Calls It &#8216;Shutting Down Commerce&#8217;</a></li>
</ul>



Space



<ul>
<li><a href="https://www.benzinga.com/24/12/42739264/elon-musk-sees-spacex-carrying-about-99-of-earths-payload-to-orbit-in-2026">Elon Musk Sees SpaceX Carrying About 99% Of Earth&#8217;s Payload To Orbit In 2026</a></li>



<li><a href="https://www.benzinga.com/24/12/42736150/spacex-ceo-says-starship-7th-test-flight-slated-for-jan-10">SpaceX CEO Elon Musk Says Starship&#8217;s 7th Test Flight Slated For Jan 10</a></li>
</ul>



Energy



<ul>
<li><a href="https://www.benzinga.com/24/12/42740171/comstock-expands-global-reach-with-renewable-fuel-deal-in-pakistan">Comstock Expands Global Reach With Renewable Fuel Deal In Pakistan: Details</a></li>



<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42739172/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 4% Dividend Yield</a></li>
</ul>



Image via Shutterstock

Elon Musk Predicts SpaceX Will Handle 99% Of Earth's Orbital Payload By 2026; Bitcoin Tops $95,500 In 2024; Zuckerberg Sells $1.39M In Meta Stock After $88M Spree - Top Headlines Today While US Slept

In the wild west of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETFs, three heavyweights—iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), ProShares Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>), and Volatility Shares Trust 2x Bitcoin Strategy ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BITX#BATS">BITX</a>)—are lighting up <a href="https://www.benzinga.com/topic/bitcoin">the trading boards</a> with their trading volumes.



With millions of dollars in assets and staggering volume, here's how they stack up in 2024.



<h2 class="wp-block-heading">iShares Bitcoin Trust ETF (IBIT): The Volume Titan</h2>



IBIT dominates the Bitcoin ETF arena with jaw-dropping assets under management of $52.7 billion. Averaging over 48.6 million trades daily, IBIT has become the go-to ETF for institutional and retail investors alike.



While its one-day drop of 0.24% on Monday left some frowning, its long-term metrics remain compelling. Trading within a 52-week range of $22.02 to $61.75, IBIT continues to show resilience. Its ultra-low expense ratio of 0.12% sweetens the deal for those eyeing cost-efficient exposure to Bitcoin.



Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42729819/bitcoin-up-1-to-94000-sweet-setup-going-into-2025-but-beware-a-drop-below-93000-experts-say">Bitcoin Up 1% To $94,000: &#8216;Sweet&#8217; Setup Going Into 2025, But Beware A Drop Below $93,000, Experts Say</a>



<h2 class="wp-block-heading">ProShares Bitcoin ETF (BITO): A Growth Story</h2>



BITO has a more modest AUM of $2.4 billion, BITO doesn't have IBIT's scale but makes up for it with solid volume, averaging 11.7 million trades daily. The fund&#8217;s 0.95% expense ratio is a tad higher but reflects its active strategy.



Despite a recent 1.58% dip over the past five trading days, BITO remains one of the most accessible options for Bitcoin exposure, trading at a 52-week high of $34.07 earlier this year.



<h2 class="wp-block-heading">2x Bitcoin Strategy ETF (BITX): The High-Risk, High-Reward Contender</h2>



BITX is the maverick of the group, boasting an impressive 105% YTD gain, thanks to its leveraged approach. This ETF thrives on volatility, making it a favorite for seasoned traders. With a daily average volume of 11.1 million trades and a price swing between $18.24 and $72.80, it's clear BITX isn't for the faint-hearted.



Its 1.90% expense ratio is the highest among the trio, a premium for those chasing amplified returns. The ETF slipped 6.5% over the past five trading days, reminding investors of the risks that come with leverage.



Read Also: <a href="https://www.benzinga.com/24/12/42737368/blackrocks-bitcoin-fund-breaks-records-with-historic-etf-launchwill-it-surpass-the-worlds-biggest-gold-etf-in-january">Blackrock&#8217;s Bitcoin Fund Breaks Records With Historic ETF Launch—Will It Surpass The World&#8217;s Biggest Gold ETF In January?</a>



<h2 class="wp-block-heading">The Verdict</h2>



For investors seeking stability and liquidity, IBIT's volume dominance and low costs make it a no-brainer. BITO's steady growth and broader appeal cater to those looking for a middle ground. Meanwhile, thrill-seeking investors are turning to BITX, aiming to capitalize on its potential for amplified returns.



As Bitcoin ETFs continue to attract capital, the trio of IBIT, BITO, and BITX remains a testament to the growing maturity—and intrigue—of cryptocurrency in mainstream investing. 



Whether you're playing it safe or rolling the dice, these ETFs have something for everyone.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42731619/bitcoin-ethereum-xrp-dogecoin-tread-water-after-luckluster-santa-rally">Bitcoin, Ethereum, XRP, Dogecoin Tread Water After Luckluster &#8216;Santa Rally&#8217;</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Bitcoin ETF Showdown: IBIT Leads, BITO Grows, BITX Thrills

Over the past 24 hours, XRP's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) price has risen 6.01% to $2.13. This is contrary to its negative trend over the past week where it has experienced a 8.0% loss, moving from $2.31 to its current price. As it stands right now, the coin's all-time high is $3.40. 
The chart below compares the price movement and volatility for XRP over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1735657206_0.png" alt="price_chart" />

The trading volume for the coin has decreased 23.0% over the past week, while the overall circulating supply of the coin has increased 0.11% to over 57.41 billion. This puts its current circulating supply at an estimated 57.41% of its max supply, which is 100.00 billion. The current market cap ranking for XRP is #4 at $122.30 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1735657206_1.png" alt="supply_and_vol" />

<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

XRP Rises More Than 6% In 24 hours

Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong is interested in collaborating with Elon Musk&#8216;s X platform to enable USDC <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42551036/coinbases-2025-market-outlook-highlights-5-major-trends-to-come">transfers between users</a>.



What Happened: Armstrong&#8217;s response came after Travis Bloom, Coinbase&#8217;s engineering lead, directly <a href="https://x.com/TravisBloom/status/1873466201047015795">addressed</a> Musk on Sunday, asking, &#8220;Hey @elonmusk, when is X gonna let me send other users USDC on @base? Seems like a clear product win.&#8221; Armstrong quote-tweeted, <a href="https://x.com/brian_armstrong/status/1873485182776611149">stating</a>, &#8220;This would be a great feature @x team let&#8217;s talk.&#8221;



USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), a stablecoin pegged to the US dollar, could potentially offer X users a seamless way to transfer value within the platform, particularly following X&#8217;s <a href="https://www.benzinga.com/news/23/12/36250199/elon-musks-x-inches-closer-to-payment-features-with-pennsylvania-license">recent acquisition</a> of money transmission licenses in multiple U.S. states. 



Such a feature could leverage Base&#8217;s infrastructure to enable fast, low-cost stablecoin transfers between X users.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42724952/2025-outlook-bitcoin-to-150000-ethereum-to-5500-dogecoin-hits-1-galaxy-research-predicts">2025 Outlook: Bitcoin To $150,000, Ethereum To $5,500, Dogecoin Hits $1, Galaxy Research Predicts</a>



Why It Matters: The proposal aligns with Armstrong&#8217;s broader vision for cryptocurrency adoption and Musk&#8217;s plans to turn X <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40229658/elon-musks-vision-for-x-everything-app-advances-could-dogecoin-skyrocket-with-payments-lau">into an &#8220;everything app.&#8221;</a>



Armstrong made headlines by strongly <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42291096/coinbase-ceo-brian-armstrong-the-us-government-should-never-sell-bitcoin">opposing any potential sale</a> of Bitcoin by the U.S. government. 



In response to a transfer of 19,800 Bitcoin to a Coinbase Prime deposit address, Armstrong tweeted on Dec. 3, &#8220;Agreed — the U.S. government should never sell Bitcoin IMO.&#8221;



Armstrong&#8217;s has also been vocal about regulatory issues, recently criticizing Senator Elizabeth Warren (D-Mass.) for her stance on crypto regulation. 



The Coinbase CEO accused Warren of being involved in &#8220;one of the most unethical, un-American things that happened in the Biden administration,&#8221; referring to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42234487/coinbases-armstrong-warren-was-involved-in-one-of-the-most-unethical-un-american-things-in-the-biden-administration">alleged attempts</a> to debank the cryptocurrency industry.



The potential collaboration between Coinbase and X for USDC transfers comes is further evidence for Coinbase actively seeking new avenues for cryptocurrency integration <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40466521/coinbase-ceo-brian-armstrong-spotlights-payments-as-main-driver-of-mainstream-crypto-adopt">into mainstream platforms</a>.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42738817/new-year-new-strategy-buy-crypto-like-you-buy-fine-wine-in-2025-experts-share-resolutions">New Year, New Strategy: Buy Crypto Like You Buy Fine Wine In 2025 — Experts Share Resolutions</a></li>
</ul>



Image: Shutterstock

Coinbase CEO Brian Armstrong Says A Stablecoin Integration On X Would Be 'A Great Feature'

MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is <a href="https://www.benzinga.com/topic/bitcoin">riding the Bitcoin</a> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rollercoaster like no other, but the thrill seems to have hit a steep drop. 



Once the darling of crypto-linked assets in 2024, boasting a jaw-dropping 342% year-to-date gain, the stock is now grappling with a sharp bearish turn.



<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent123124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="633" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31080728/Screenshot-2024-12-31-at-6.37.11-PM.png" alt="" class="wp-image-713310" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31080728/Screenshot-2024-12-31-at-6.37.11-PM.png 633w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/31080728/Screenshot-2024-12-31-at-6.37.11-PM-300x232.png 300w" sizes="(max-width: 633px) 100vw, 633px" /></a></figure>



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<h2 class="wp-block-heading">A Bearish Cloud Over MSTR Stock</h2>



MSTR stock, trading at $314.98, has plunged 20.34% in the past month, slipping below its eight, 20, and 50-day simple moving averages—a technical trifecta of bearish signals. The stock is under pressure despite sitting comfortably above its 200-day moving average of $195.03, which provides a glimmer of long-term bullish hope.



Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42736823/bitcoins-levered-play-microstrategy-witnesses-divergence-shares-underperform-btc-as-company-buys-more-coins-by-issuing-0-convertible-notes">Bitcoin&#8217;s Levered Play MicroStrategy Witnesses Divergence: Shares Underperform BTC As Company Buys More Coins By Issuing 0% Convertible Notes</a>



<h2 class="wp-block-heading">Bitcoin Strategy Backlash</h2>



MicroStrategy's aggressive Bitcoin-buying spree continues to divide opinion. Its latest acquisition of 2,138 BTC for $209 million pushed its total holdings to 446,400 BTC, purchased at an average price of $62,428 per Bitcoin. Critics argue this strategy exposes the company to Bitcoin's notorious volatility, evident in the stock's steep 46% drop from its November highs.



Adding to investor jitters is the company&#8217;s proposal to increase its authorized share count to 10.33 billion, raising fears of dilution. While the move aims to fund further Bitcoin purchases, shareholders remain cautious about its potential impact on equity value.



<h2 class="wp-block-heading">The Saylor Factor</h2>



MicroStrategy's Bitcoin playbook is the brainchild of Executive Chairman Michael Saylor, who has been both lauded and lambasted for his unwavering faith in the cryptocurrency. While some hail him as a visionary, others label him reckless, with critics like Martin Shkreli warning of a tenuous shareholder consensus on this high-stakes gamble.



<h2 class="wp-block-heading">Looking Ahead</h2>



Despite recent losses, MSTR stock remains a top performer in 2024. However, its short-term outlook appears grim as selling pressure mounts. The stock's fate hinges on Bitcoin's performance and whether the company can navigate the fine line between audacious strategy and shareholder trust.



For now, MicroStrategy's Bitcoin-fueled journey remains a high-risk, high-reward spectacle.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/24/12/42737368/blackrocks-bitcoin-fund-breaks-records-with-historic-etf-launchwill-it-surpass-the-worlds-biggest-gold-etf-in-january">Blackrock&#8217;s Bitcoin Fund Breaks Records With Historic ETF Launch—Will It Surpass The World&#8217;s Biggest Gold ETF In January?</a></li>
</ul>



Image via Shutterstock

MicroStrategy's Bitcoin Play: Stellar Year, But December Doldrums Loom Large

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1" height="1" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/26150019/image-8.png" alt="" class="wp-image-4284"/></figure>



When El Salvador brazenly adopted Bitcoin as legal tender in 2021, it straightaway became a kind of lodestone that generated debate about the cryptocurrency&#8217;s role in shaping a nation's economic future. As the first country to take such a daring leap, El Salvador found itself in the global spotlight—a guinea pig for what many considered a revolutionary monetary experiment.



I've been following El Salvador's experiment since day one because it presented a unique opportunity to observe how national policies influence cryptocurrency adoption, something I've been closely tracking as the founder of Outset PR. Now that the country is scaling back its Bitcoin ambitions to secure a $1.4 billion loan from the International Monetary Fund (IMF), it raises many questions about whether this effort has failed.



The sudden change in El Salvador's course has left many wondering: in the first place, can a country&#8217;s economy be revitalized by embracing Bitcoin at a government level? And in the second place, what are the actual benefits of adopting it as legal tender, if any? Furthermore, what lessons can other nations still scratching their heads over whether to take this plunge learn from El Salvador's experience?&nbsp;



I've analyzed some of the economic indicators for the Central American nation to see how its economy has progressed—or perhaps regressed—since it adopted Bitcoin as legal tender. So let's look at what the figures have to say.



<h2 class="wp-block-heading">El Salvador&#8217;s Monetary Landscape Before Bitcoin Adoption as Legal Tender</h2>



To start with, it makes sense to look back at what El Salvador had in place before its adoption of Bitcoin as legal tender in 2021. Since 2001, the country has operated under a dollarized economy, with the U.S. dollar replacing its national currency, the colón. The Bitcoin Law was passed in June 2021, mandating Bitcoin&#8217;s legal tender status as of September 2021.



However, the cryptocurrency didn't replace the dollar but rather co-existed with it in the dual-currency system. In addition, the issue of monetary sovereignty had already been transferred to the U.S. Federal Reserve System, which essentially deprived El Salvador's central bank of its ability to manage key monetary aspects such as money supply and interest rates. This arrangement meant that there was low risk of monetary instability that is common in economies with sovereign national currencies.&nbsp;



<h2 class="wp-block-heading">The Limits of a Top-Down Approach</h2>



Statistics show that in El Salvador's real-life use of Bitcoin as legal tender, its impact has been limited. Despite its legal status, the cryptocurrency's integration into the daily financial activities of citizens remains minimal. A recent <a href="https://www.disruptiva.media/wp-content/uploads/2024/10/Encuesta-Rumbo-Pais.pdf" target="_blank" rel="noreferrer noopener nofollow">survey</a> conducted by the Francisco Gavidia University revealed that 92% of respondents don't use Bitcoin for transactions, while only 7.5% reported doing so. 



<img loading="lazy" decoding="async" width="624" height="347" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfl9HMCMRnQbZh-1ix3h2q8oKTFOzmyVYxlposppceefF4HmuAINmWmQw9IqN-0bojGxRObUE_8K0C4fb_VpmsFFKJvG__35uGwUMlHUMdB_wrdXHmVJgQcgHw-3wfETb4gsPooTQ?key=y6VZ99G54ehgAffe8i-Ar9Wc">



Bitcoin Usage for Transactions &#x7C; Survey of Salvadorans by Francisco Gavidia University (2024)



Furthermore, El Salvador ranks 106th in the <a href="https://go.chainalysis.com/2024-geography-of-cryptocurrency-report.html" target="_blank" rel="noreferrer noopener">Chainalysis 2024 Global Crypto Adoption Index</a>, reflecting relatively low cryptocurrency usage compared to other nations. This goes to show that top-down recognition of Bitcoin as legal tender is not enough for its widespread acceptance and use as a medium of exchange.



Looking at examples of other countries where Bitcoin doesn't have legal tender status, we find that mainstream adoption flows more naturally. According to <a href="https://www.triple-a.io/cryptocurrency-ownership-data" target="_blank" rel="noreferrer noopener">the 2024 Global Cryptocurrency Ownership Report by Triple-A</a>, nations with high adoption rates include the UAE, where 25.3% of the population owns cryptocurrencies, Singapore with a 24.4% adoption rate, and Vietnam at 17.4%. What they have in common is organic economic incentives, supportive regulations, and technological readiness. El Salvador, however, relied solely on the government initiative, leading to slower uptake. This is a clear dividing line between them, and it suggests that the public trust and infrastructure readiness are equally important.



<h2 class="wp-block-heading">Economic Impact of Bitcoin Adoption as Legal Tender in El Salvador</h2>



Let's look at actual numbers and assess how El Salvador&#8217;s economy performed after Bitcoin was accepted as legal tender.&nbsp;



<h3 class="wp-block-heading">Sector-Specific GDP Trends</h3>



I analyzed sector-specific performance in El Salvador's GDP from 2021 to 2024, measured using a <a href="https://estadisticas.bcr.gob.sv/serie/pib-t-produccion-y-gasto-indices-de-volumen-encadenados-serie-desestacionalizada-referencia-2014-indices-de-volumen-encadenado?lang=en" target="_blank" rel="noreferrer noopener">Chained Volume Index</a> with 2014 as the base year. This index provides a real measure of economic activity over time, expressed relative to 2014 levels (where 100 equals the base year value).



<ul>
<li>Agriculture, Livestock, Forestry, and Fishing: This traditional sector experienced a steady decline, from 113.64 in Q1 2021 to 99.76 in Q3 2024, highlighting persistent challenges in rural industries and limited impact from Bitcoin's legal tender status.</li>



<li>Wholesale and Retail Trade: Demonstrated consistent growth, peaking at 151.71 in Q1 2024, potentially driven by increased tourism and consumer spending, most likely boosted by Bitcoin&#8217;s global attention.</li>



<li>Information and Communication: The strongest growth occurred in this sector, rising from 139.60 in Q1 2021 to 157.85 in Q3 2024, reflecting El Salvador's efforts toward digital transformation and its increasing integration into the global digital economy.</li>



<li>Manufacturing: Remained stable, showing minor fluctuations but also no significant growth directly linked to Bitcoin adoption as legal tender. The Q3 2024 figure of 96.40 represents a modest decline from earlier levels (100.15 in Q1 2021).&nbsp;</li>
</ul>



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcvhFey67rJUuBJ2Yk2arRJKaS49YSSMPf7mcaeHTdY-CyTtIbvyOO7xcMv29UECAWkCXnp_aBY-A1lMHCX4zKM4oD-_4Bd-nnrgA1RluUxpOcTEFXDclX1y3vOO-j9Yn1ujyO37g?key=y6VZ99G54ehgAffe8i-Ar9Wc" alt=""/></figure>



El Salvador's Seasonally Adjusted Chained Volume Index &#x7C; Data sourced from <a href="https://estadisticas.bcr.gob.sv/serie/pib-t-produccion-y-gasto-indices-de-volumen-encadenados-serie-desestacionalizada-referencia-2014-indices-de-volumen-encadenado?lang=en">the Central Reserve Bank of El Salvador&nbsp;</a>



On the face of it, Bitcoin&#8217;s disruption of traditional industries hasn&#8217;t been as pronounced as expected, yet it&#8217;s interestingly contributed to the growth of tech-driven and consumer-focused businesses.



<h3 class="wp-block-heading">The Foreign Investment Landscape</h3>



It was hard to miss the clear investment invitation El Salvador sent to the world when it greenlit Bitcoin as its legal tender: &#8220;We're committed to incubating crypto innovation and tapping into the fintech boom.&#8221; But was that message truly heard and translated into tangible economic gains? The Foreign Direct Investment (FDI) figures show quite a complex picture.&nbsp;



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdTRaKD8cpy5OjLkOX3PemaJfjNqfNGo1USRAJphHQKdyI8F4QLnMHiIOGGcIjoEaVCo44aivKSwhkpn6PMqoL2MKTkgV0XFdJu0_xNLju5rljjih7hHVsh-dhTfVDxWFy3__v2?key=y6VZ99G54ehgAffe8i-Ar9Wc" alt=""/></figure>



FDI Net Inflows by Year &#x7C; Data sourced from <a href="https://estadisticas.bcr.gob.sv/serie/ii-6-1-a-2-flujos-de-inversion-extranjera-directa-por-sector-economico-receptor-desde-trimestre-i-2010">the Central Reserve Bank of El Salvador&nbsp;</a>



From 2021 to 2024, El Salvador&#8217;s Foreign Direct Investment (FDI) net flows have exhibited significant fluctuations across years and quarters. In 2021, FDI totaled $385.67 million, driven by strong inflows in Q2 ($210.76 million) and Q1 ($151.89 million). However, this positive momentum was offset by a sharp decline in Q4, with FDI plunging to -$97.48 million.



The volatility continued into 2022, with FDI totaling $170.85 million for the year. While Q3 saw a strong rebound of $209.07 million (primarily fueled by notable contributions from the Wholesale and Retail Commerce and Transport and Storage sectors) following a steep drop in Q2 (-$95.10 million), the overall yearly performance remained subdued.



In 2024, preliminary data through Q3 reported total FDI of $287.44 million. The year began with a modest Q1 inflow of $95.67 million, followed by a sharp fall to -$33.60 million in Q2. A significant rebound in Q3 saw inflows rise to $225.37 million, with the largest contribution of $103.47 million coming from the Communications and Information sector, highlighting continued volatility despite recent recovery efforts.



<h2 class="wp-block-heading">Closing Thoughts&nbsp;</h2>



When El Salvador adopted Bitcoin as legal tender in 2021, it captured a lot of global attention. Although the government opened the door for citizens to freely use Bitcoin, only 7.5% currently utilize it as part of their regular financial habits. Compared with higher adoption rates in other countries—where it was a grassroots initiative rather than a top-down government mandate—this suggests that mainstream Bitcoin adoption requires broader economic and social readiness to succeed.



As for the meaningful and transformative economic benefits many had hoped for, El Salvador's growth has been largely concentrated in the information and communication sector, seemingly driven more by digitization efforts than by Bitcoin itself. Meanwhile, the country&#8217;s FDI trends remain volatile overall.



So, for other nations seeking to integrate cryptocurrencies into their economic frameworks, the lesson is clear: success requires more than a bold policy. Apparently, Bitcoin cannot be a panacea for economic growth; it can only complement it in one way or another.

Can Bitcoin as Legal Tender Reshape a Nation's Economy? Lessons from El Salvador

The European Union (EU) will introduce on January 1 the <a href="https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica" target="_blank" rel="noreferrer noopener">Markets in Crypto-Assets Regulation</a> (MiCA). This regulation will <a href="https://europeancapitalinsights.substack.com/p/european-crypto-regulation-risks?r=3nmatg" target="_blank" rel="noreferrer noopener">establish a unified legal framework</a> for crypto assets across the 27-member bloc to protect consumers, foster transparency, and ensure market stability.



"MiCA is a significant step in ensuring the responsible evolution of the crypto market," Ari Redbord, Head of Legal and Government Affairs at TRM Labs, <a href="https://www.acfcs.org/eu-passes-landmark-crypto-regulation" target="_blank" rel="noreferrer noopener">said</a>. "It represents the EU's commitment to creating a balanced environment that encourages innovation while safeguarding stakeholders."



Under MiCA, <a href="https://europeancapitalinsights.substack.com/p/europes-crypto-regulation-heralds" target="_blank" rel="noreferrer noopener nofollow">crypto firms will face new compliance demands</a>, including licensing requirements, anti-money laundering (AML) standards, and strict oversight for stablecoins. Although impressive on paper, MiCA risks a negative impact on competitiveness and innovation.



<h2 class="wp-block-heading">MiCA Framework in Detail</h2>



MiCA primarily aims to create a secure and transparent environment for crypto-assets. Central to its framework are stablecoins, cryptocurrencies pegged to fiat currencies like the euro or US dollar.



Stablecoin issuers must secure e-money licenses and maintain reserves primarily in low-risk assets, a rule designed to ensure stability, with at least 60% of reserves held in liquid, safe assets.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdb0rP7ecIKiuJHv_DnuDVPSlIXnfKmhgiiJT6RBvnopZgoMkcnuL6KqPAyonVzUFQVgl_qcA6_OxEmKJETckQRz0wrXFibLKynCBx3YMknd-48meRjw04kJd06JBJU3Gmf9axxZ-2JDUsFmutZX7k?key=A4xaXVko9LVg_wi_dL76_WH5" alt=""/></figure>



Total Stablecoin Market Cap, 2021-2024, Source: <a href="https://www.coindesk.com/markets/2024/12/11/stablecoin-market-cap-hits-200-b-milestone-could-double-in-2025-as-adoption-accelerates" target="_blank" rel="noreferrer noopener nofollow">CCData</a>



These measures are seen as a double-edged sword. While they protect consumers and prevent financial instability, they raise concerns among stablecoin issuers.&nbsp;



For example, cryptocurrency exchanges Binance and Seychelles-based OKX have preemptively delisted Tether (USDT) in anticipation of compliance issues, while Circle's USDC has already adapted to the requirements.



"MiCA's stringent reserve requirements pose profitability challenges for retail-focused stablecoins," fintech entrepreneur Anton Golub <a href="https://x.com/Anton_Golub/status/1870493896318603273" target="_blank" rel="noreferrer noopener">noted</a>. He pointed to Revolut's struggles as an example of difficulties within this regulatory landscape.



MiCA will also introduce a passportable licensing system, enabling crypto firms to operate across the EU with a single authorization. However, critics argue that the regulation could stifle innovation by imposing burdensome requirements, making it harder for startups to thrive.



<h2 class="wp-block-heading">US Liberal Regulations Pushes Bitcoin Higher</h2>



In anticipation of Donald Trump&#8217;s second term, the situation is starkly different in the United States. Crypto-friendly policies and appointees have spurred innovation as Bitcoin's value soared past $100,000, and venture capital funding in blockchain technology has seen a resurgence.



Trump's choice for the "crypto czar" is former PayPal's COO David Sacks, while crypto advocate Paul Atkins will become the new boss of the SEC.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcx7ITxZ5v2y0N2bgQ1vM8XfNqJeIrhRLJSPJJaMbEOcfTclc7Oqf3lhGwkMeyJSr01GD7WbtHyFZaVyDzEgAIuAcAj_z_BvHJIJRQmsyA4qvLtYmaUoCOjwPelMH1LqFJQWmV3V_m0M1B94bXqBxk?key=A4xaXVko9LVg_wi_dL76_WH5" alt=""/></figure>



Bitcoin Price 2019-2024, Source: TradingView



Stablecoins, particularly those backed by the US dollar, have flourished in this environment. Without stringent reserve requirements, dollar-backed stablecoins dominate global markets, providing liquidity and hedging against crypto volatility.&nbsp;



The US approach has facilitated rapid growth and adoption, leaving euro-backed stablecoins struggling to compete.



"The market for euro-backed stablecoins is minuscule compared to dollar-backed ones, and MiCA's hurdles only widen the gap," Golub said. This divergence could drive European crypto firms to seek opportunities in more accommodating jurisdictions, potentially undermining the EU's ambitions to be a global crypto hub.



<h2 class="wp-block-heading">MiCA Ramifications for Crypto Market</h2>



The removal of Tether (USDT), the most traded stablecoin, will certainly reduce liquidity for traders as they switch to alternatives. Erald Ghoos, CEO of OKX, noted a shift to using fiat trading pairs. "I was quite surprised by that," he <a href="https://www.bnnbloomberg.ca/business/company-news/2024/12/20/tether-removal-puts-europe-at-risk-of-missing-trump-crypto-boom/">said</a>.&nbsp;



The larger backdrop of EU's regulation could discourage VC capital funding in the region. Both 2023 and 2024 saw a notable decline in European crypto funding, as a spillover from the 2022 bear market. While the overall VC market tanked in contrast to a record 2022, North America still saw growth this year.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd1nc3rtbcS0pD4HgPBHkd-KdhrceKGzXq00g-tbE_MNyD9aBLl1D3Qdk-gXyxz39UANOelNe0dtkBX5udKLZP_uUIyDGFT-Jl7MZUXw8A0-HPAKLivfcwzeePhN9rbfp4ZJ63GfyFajVAeb1kDFw?key=A4xaXVko9LVg_wi_dL76_WH5" alt=""/></figure>



Global crypto venture deals, 2018-2024, Source: <a href="https://www.bloomberg.com/news/articles/2024-12-20/tether-mica-exit-puts-europe-at-risk-of-missing-crypto-boom-usdt" target="_blank" rel="noreferrer noopener nofollow">PitchBook/Bloomberg</a>



In a way, MiCA regulation is the sign of a crypto market maturity and a "seal of approval" from the European Securities and Markets Authority (ESMA), recognizing crypto as an asset class.&nbsp;



Although the regulators claim it <a href="https://www.ey.com/en_lu/insights/digital/micas-full-effect-drops-take-the-next-step-into-eu-financial-digitalization" target="_blank" rel="noreferrer noopener">positively affects innovation</a>, it is unlikely that more regulations will reverse the downward funding trend. Regulations can be burdensome from a legal perspective, boosting project costs and requiring capital buffers.



BCB Group, an institutional digital asset solutions provider, <a href="https://www.bcbgroup.com/regulation-is-a-sign-that-crypto-has-come-of-age/" target="_blank" rel="noreferrer noopener">compared</a> MiCA to the Markets in Financial Instruments Directive II (MiFID II) regulation, legislation the EU rolled out in 2018 to increase transparency for trading costs and improve record keeping. 



Eventually, this legislation caused turmoil in the sell-side research market that the Financial Conduct Authority <a href="https://www.ft.com/content/23fd07a3-49a7-4dd9-b4e7-297949ca1c7e" target="_blank" rel="noreferrer noopener nofollow">proposed its reversal</a> earlier this year.



Disclaimer:



Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.



This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content&nbsp;or&nbsp;accuracy.

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