Crypto Prices Today: Market Rebounds As Bitcoin, Pepe Coin, ORDI Soar

The crypto prices today had regained momentum indicating that the investors are still engaging in the trading activities despite a holiday mood. Generally, trading activity slows down during the holiday season, as whales and investors go for a break during this period.

Timeline of Bitcoin, Ordi, Pepe

Applicants for a spot Bitcoin exchange-traded fund (ETF) are facing a critical deadline set by the United States Securities and Exchange Commission (SEC). According to a Reuters report, citing public memos and sources familiar with the matter, the SEC has mandated that final S-1 amendments for spot Bitcoin ETFs must be filed by December 29.

Market signals in the Far East are emerging for the first time since the last Bitcoin cycle top. The Korean premium is showing an overheated market, which could be a signal of a local Bitcoin top.

The cryptocurrency community is abuzz with anticipation as the U.S. Securities and Exchange Commission (SEC) nears its decision to approve several spot Bitcoin Exchange-Traded Funds (ETFs). This development has significant implications for the wider crypto market, including altcoins like Shiba Inu (SHIB) and the PawZone (PAW) token.

Exchange balance data reflects investor behavior and is a crucial metric in cryptocurrency trading. It indicates whether investors are more inclined to store their Bitcoin holdings off-exchange, which can signal a bullish sentiment, or to keep them on exchanges for potential sale or trade, often seen as a bearish indicator.

In the fast-paced pursuit of a spot Bitcoin exchange-traded fund (ETF), contenders find themselves racing against a stringent deadline imposed by the United States Securities and Exchange Commission (SEC).

On Dec. 24, 2023, Bitcoin shattered yet another daily transaction milestone, with miners confirming 723,459 transfers in a single day. The transaction rate on Christmas Eve exceeded the former peak of 710,579 verifications on Nov. 19, 2023.

Amidst the complex landscape of blockchain dynamics, discussions surrounding a potential Bitcoin fork in 2024 are gaining momentum. The focal points of these deliberations include block space concerns, Ordinal inscriptions, and the persistent issue of escalating transaction fees.

In late December 2023, the landscape of Bitcoin mining underwent a significant transformation as the mining difficulty reached an unprecedented level. At block height 822,528, the difficulty surged by 6.98%, marking the most substantial increase in nine months since March 23.

Chainlink co-founder Sergey Nazarov believes a spot Bitcoin ETF will create a path for institutions to buy Bitcoin en masse, eventually leading to more blockchain products and services. Nazarov shared his insights during a recent interview with CNBC, discussing the transformative potential of blockchain technology in the traditional finance (TradFi) sector.

While the meme coin pepe (PEPE) has risen by 29% in the last month and boasts a significant increase since its inception, a six-month review reveals a decline of over 8% in its value.