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Bitcoin Surges Past $100K Amid Inflation Data and Optimism

Bitcoin reclaimed $100K, hitting $101,184, following positive US inflation data and renewed market optimism. Analysts predict further growth, with projections of $200K–$250K by 2025, fueled by institutional adoption and strategic purchases by players like MicroStrategy. Ethereum also gained 4%, while crypto-linked stocks like Coinbase and MicroStrategy rose 4% and 8%, respectively. Standard Chartered highlights Bitcoin’s potential as a sovereign wealth reserve, and Bernstein foresees it replacing gold as the go-to value store. Despite challenges in adoption, Bitcoin’s role as a low-correlation hedge strengthens its case as a future financial standard.

Ray Dalio Warns of Debt Crisis, Backs Bitcoin and Gold

Billionaire investor Ray Dalio predicts a looming global debt crisis due to unsustainable levels of indebtedness in major economies like the U.S. and China. Speaking at a financial conference in Abu Dhabi, Dalio urged shifting investments from debt assets to hard assets like Bitcoin and gold. Once skeptical of Bitcoin, Dalio now sees it as essential for hedging against inflation, alongside gold. His remarks come as discussions around a potential U.S. Bitcoin reserve intensify, sparking debate among financial experts, including critics like Peter Schiff.

Crypto in Trump’s First 100 Days: A Backseat Priority

While crypto is a priority for Donald Trump’s administration, it won’t feature in the top five focus areas of his first 100 days. His immediate priorities include border security, retribution policies, foreign affairs, taxes, and trade. However, Trump’s pro-crypto stance, the appointment of crypto-friendly officials like JD Vance and Paul Atkins, and Bitcoin’s rally past $100,000 after his election signal strong support for the industry. Trump has pledged to make the U.S. the “Crypto Capital of the Planet,” setting a bullish tone for future policies.

Whales Accumulate Bitcoin and XRP Amid Bull Cycle

Whales capitalized on recent dips in Bitcoin and XRP, acquiring large volumes as prices corrected. Over 342 new wallets holding 100+ BTC were created, signaling strong bullish sentiment. Bitcoin rebounded above $101K after falling to $94K, while XRP surged 18% in 24 hours. Analysts from Santiment and Glassnode predict the bull cycle is still mid-stage, supported by steady institutional demand and ETF inflows. Glassnode data highlights this as the least volatile bull cycle, with declining Mean Dollar Invested Age suggesting active distribution—a key indicator of ongoing bullish momentum.

Pudgy Penguins NFTs Hit $100K Floor Price

Pudgy Penguins NFTs have surged past a $100,000 floor price, briefly surpassing Bitcoin's $101,000 value. This marks a significant milestone, making it the second-largest NFT collection after CryptoPunks. The excitement follows the announcement of the PENGU token, set to launch on Solana by year-end, enhancing the ecosystem. Companion collections like Lil’ Pudgys also saw a 90% price rise. With capped token supply and strategic tokenomics, Pudgy Penguins continues to expand across Ethereum and Solana, solidifying its position as a key player in the NFT space.

Russia Proposes National Bitcoin Reserve Amid Sanctions

Russia’s State Duma deputy, Anton Tkachev, has proposed creating a national Bitcoin reserve to counter sanctions and reduce reliance on traditional currencies like the dollar and euro. Bitcoin, now trading around $100,000, is viewed as a strategic tool for financial stability and international trade amid geopolitical challenges. This follows Russia’s recent recognition of crypto as “legal property.” Globally, national Bitcoin reserves are gaining traction, with the U.S. also considering similar moves, though facing criticism for economic risks. The debate highlights Bitcoin’s evolving role in global finance.

FLOKI Holders to Receive MONKY Airdrop After Snapshot

Floki Inu (FLOKI) holders and stakers are set to receive Wise Monkey (MONKY) tokens via an airdrop, following a snapshot on December 15. The MONKY token, backed by Ape Accelerator and Animoca Brands' Forj, has gained traction as a high-profile meme launch. With 45% of its supply allocated to the community, MONKY started trading at $0.00003, supported by major platforms like Binance and KuCoin. FLOKI holders will receive 27% of the supply, with additional distributions for TokenFi holders and Floki Bot users. Despite early selling pressure, analysts expect significant price growth post-airdrop.

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