U.Today – See the top three news stories from the past day brought to you by U.Today.
Price turns green bull on Christmas Eve
Yesterday, on Christmas Eve, the cryptocurrency market saw a positive shift, as many digital assets, including XRP, saw a price surge. The price of Ripple's assets rose more than 5.1%, reaching a recent high of $2,325. Traditionally, the holiday season brings a prosperous mood to the market, which may influence trading behavior. However, as traders and fund managers finalize their year-end accounts, the impact of traditional financial practices may also impact the cryptocurrency landscape, especially with major institutions like BlackRock (NYSE:) and Fidelity participating. At the time of writing, XRP is trading at $2.29, down nearly 1% over the past 24 hours, according to CoinMarketCap.
SHIB collapses as price makes an unexpected pivot
According to data from the Shiburn blockchain tracker, the burn rate has decreased significantly. Despite burning activity decreasing by over 64%, the SHIB community managed to burn 3,166,691 SHIB meme coins in the last 24 hours. This was achieved through six burn transactions, with the largest transfers amounting to 1,040,537 and 1,008,249 SHIB coins. On Monday, SHIB fans collectively burned around 10,000,000 SHIB by sending them to unspendable wallets. Meanwhile, the current burn rate does not seem to be affecting the price of SHIB, which has risen from $0.00002117 to $0.00002336. Currently, SHIB is trading at $0.000023, up 0.12%, per CoinMarketCap.
$2,200,000 per dollar – Max Keizer predicts
Max Keyser, a prominent Bitcoin advocate and former financial journalist, has given a very bullish forecast for the price of Bitcoin, suggesting that it could reach $2,200,000 per coin in the long term. Keyser's prediction comes as a comment on X's post discussing Bitcoin holdings in several countries, including El Salvador, where he lives and serves as an advisor to President Nayib Bukele. X's original post predicted that if several major countries start actively accumulating Bitcoin, its price could rise significantly over the next 12 to 24 months. Keyser's new prediction represents a tenfold increase from his previous estimate of $220,000 per bitcoin.
