Crypto News Digest by U.Today

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Valeria Blokhina

Read the U.Todays daily news digest to keep up with the latest crypto happenings!

Check out the top five crypto news from the past day curated for you by U.Today.

Peter Schiff has a Christmas present for Bitcoin holders

Bitcoin holders had to face their very own Grinch in the guise of Peter Schiff this Christmas as the BTC critic shared a special giveaway on his official Twitter account. On December 25, Schiff released a price chart suggesting that Bitcoin is closer to its high than its low. He then urged holders of the crypto king to sell today, saying the upside potential for Bitcoin is so low and the downside risk so high. In the next tweet, Schiff added that his gift is all the money BTC owners will save by selling their holdings today, and if they follow his advice, they will thank him later.

DOGE Becomes Most Whale-Traded Crypto After Elon Musk’s New Post

Data from WhaleStats demonstrates that Dogecoin has become the most traded token among the top 100 BNB holders. DOGE’s trading volumes surged after new Twitter boss Elon Musk’s Christmas post in which he shared photos of his dogs: Gatsby, Marvin and Floki, the billionaire’s latest pet. If you look closely at Floki’s photo, a Santa Claus doll on his back actually has a DOGE logo on his face. Even though the price of the token was not significantly affected by Musk’s mention of DOGE, among the top 100 BNB holders, the canine coin traded a total of $268,000.

Billionaire Mark Cuban says he wants to buy Bitcoin at much lower prices

During his appearance on a Bill Maher “Club Random” podcast, Dallas Mavericks owner Mark Cuban shared that he would like to buy more Bitcoin. However, for it to do that, the first, biggest crypto would have to go down much further,” Cuban said. The billionaire also touched on the subject of gold: while responding to Maher’s statement that gold is a hedge against inflation, Cuban said: without mincing words, that those who own gold are dumb as f**k. Previously, Cuban has repeatedly stated that BTC should be viewed as an alternative to gold and treated the same as other asset classes.

Shiba Inu (SHIB) forming a reversal pattern before the New Year

Shiba Inus volatility has recently declined to all-time highs not seen in the past three months, which usually signifies either an upcoming reversal or a spike in volatility. If we look at the intraday chart of SHIB, we see a descending triangle formation. As we approach the end of the formation, trading volume should increase significantly, causing an expected spike in volatility. However, the formation of the aforementioned pattern could become an excellent basis for a potential reversal. On the SHIB daily chart, we could not see a triangle, only a direct and narrow price range.

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