ruby02benj

@ruby02benj

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Singapore has emerged as a global leader in blockchain, in terms of blockchain patents, jobs and crypto exchanges in the country, according to a December study by ApeX Protocol.

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Singapore doubled the number of yearly digital asset licenses issued in 2024.

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These licenses may further solidify Singapore’s status as a global blockchain leader, according to Mouloukou Sanoh, co-founder and CEO of MANSA, who wrote:

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Management consulting firm Gallup surveyed up to 100,000 people registered in its multimode panel between Dec. 4-15, almost a full month after Republican Donald Trump won the US presidential election.

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The bearish figures are still an improvement over 2023’s 9% and 14% survey outcome, respectively, for US political cooperation and international peace.

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That said, Bitcoin rallied when the local US banking system showed signs of fragility in early 2023, as seen by the shock collapses of Silicon Valley Bank and Signature Bank, to name a few.

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The poll also split responses between Republicans, Democrats and independents, which generally found Republicans more optimistic for the year ahead than Democrats.

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Still, a larger share of respondents saw 2025 as more likely a “year of economic difficulty” amid a rising federal budget deficit and an increase in China’s power.

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Gallup said overall, this year’s predictions offered more positivity than they did in 2022, as 54% of respondents expect increasing or full employment and 52% predicted reasonable price growth.

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The poll also split responses between Republicans, Democrats and independents, which generally found Republicans more optimistic for the year ahead than Democrats.

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Still, a larger share of respondents saw 2025 as more likely a “year of economic difficulty” amid a rising federal budget deficit and an increase in China’s power.

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Gallup said overall, this year’s predictions offered more positivity than they did in 2022, as 54% of respondents expect increasing or full employment and 52% predicted reasonable price growth.

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On the upside, a break and close above $104,088 will signal the resumption of the uptrend. The BTC/USDT pair could rally to $113,331 and, after that, to $125,000.

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A minor negative is that the relative strength index (RSI) is forming a negative divergence, indicating a weakening bullish momentum. Sellers will have to yank the price below the 20-day exponential moving average ($97,985) to open the doors for a fall to the 50-day simple moving average ($88,705).

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Bitcoin has been gradually moving toward the $104,088 overhead resistance, indicating a lack of aggressive selling by the bears.

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Another bullish voice was that of Bitcoin mining industry researcher Danny Marques, who studied Bitcoin’s three previous bull cycles. Marques believes that Bitcoin could reach between $173,646 and $461,135 in 2025, barring any macro deterioration like 2020.

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In the short term, if Bitcoin breaks and maintains above $104,088, select altcoins could charge higher. Let’s look at the top 5 cryptocurrencies with a strong chart structure.

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“Funding rates remain at very healthy levels. Nobody on my timeline seems to care,” he told X followers on Dec. 16, referring to the lack of overall attention being given to what are still much cooler conditions than during many previous price moves.

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CoinGlass further shows only slightly elevated funding rates for Bitcoin and altcoins, with largest global exchange Binance a notable exception for the former. For trader Jelle, the landscape is stable:

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