In today's crypto news, the memecoin ecosystem saw a substantial decline, with its market capitalization dropping nearly 30% in December, losing around $40 billion. Data from CoinMarketCap revealed that the total market cap of memecoins fell from $120.14 billion at the beginning of the month, peaking at $137.06 billion on December 9, before dropping to $92.67 billion by December 23. Currently, the market cap stands at $98.72 billion, indicating an 18% decrease from the start of the month. Meanwhile, Blockware Solutions presented forecasts for Bitcoin's potential prices in 2025, suggesting a range between $150,000 and $400,000 based on various macroeconomic factors and adoption rates. El Salvador has also made headlines, holding over 6,000 Bitcoin, valued at approximately $569 million, and recently acquiring additional Bitcoin following a deal with the International Monetary Fund (IMF). This acquisition makes El Salvador one of the largest sovereign holders of Bitcoin.

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