The attention of the crypto community has been drawn to a particular whale that has been accumulating Bitcoin for some time now.The magnitude of the whale’s holdings has left many wondering who it might be and the reason for the accumulation. Bitcoin Whale Accumulates Over 10,000 BTC In November In a post on his X (formerly Twitter) platform, popular Bitcoin investor Lark Davis revealed details about the “mystery whale” who had been accumulating Bitcoin.
Surprisingly, unknown whales have managed to move 300 billion Shiba Inu tokens from Binance in one big swoop.The reason for such a significant transfer is questionable given the sheer size of this token migration.Everyone in the cryptocurrency community is wondering who the address owner is and what they’re up to after this unusual move sent shockwaves across the ecosystem.Examining the wallet’s past activity in more detail indicates a pattern of major purchases from Binance that occurred over a few weeks prior to this noteworthy transfer.
The Bitcoin price has risen above $38,000 in the last few hours, and for the first time this year closed a 4-hour candle above this crucial price level – a very bullish sign that BTC could rise further.These are reasons behind BTC’s latest price surge: #1 Anticipation Of Spot Bitcoin ETF Approval The recent uptick in the Bitcoin price can probably be attributed in part to developments around the potential approval of a spot Bitcoin ETF.
Polkadot (DOT) is gaining pace above the $5.25 resistance against the US Dollar.The price could surge further toward the $5.85 and $6.00 levels.DOT is gaining pace above the $5.25 resistance zone against the US Dollar.The price is trading above the $5.30 zone and the 100 simple moving average (4 hours).There is a key bearish trend line forming with resistance near $5.55 on the 4-hour chart of the DOT/USD pair (data source from Kraken).
Ethereum price remained well-bid above the $2,020 level.ETH is now rising, and the bulls seem to be aiming for a move toward the $2,200 level.Ethereum is making a fresh attempt to clear the $2,100 and $2,120 resistance levels.The price is trading above $2,050 and the 100-hourly Simple Moving Average.There was a break above a major contracting triangle with resistance near $2,055 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is consolidating above the $37,500 support zone.BTC could attempt a strong increase if there is a clear move above the $38,400 resistance.Bitcoin is still struggling to clear the $38,500 resistance zone.The price is trading above $37,400 and the 100 hourly Simple moving average.There is a major bullish trend line forming with support near $37,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could start another increase and attempt to clear the $38,500 resistance.
Bitcoin is still the leading proof of work blockchain and has already made massive moves over the years, with countless millionaires at the same time.However, with the price of Bitcoin having moved so much already, the upside is fairly limited, especially for crypto investors who do not have ample buying power to make a Bitcoin investment worth their while.In this vein, altcoins offer the best opportunity for smaller and retail investors to make the most money.
On December 1, dYdX, the layer-2 decentralized exchange, will unlock 150 million DYDX worth roughly $478 million to early investors and core team members.This substantial unlock has raised concerns among investors, who fear the influx of fresh tokens could substantially increase supply.If this is not matched by high demand, DYDX prices will likely pull back, reversing recent gains posted over the past few trading weeks. DYDX Worth $500 Million To Hit The Market According to Bubblemaps data, out of the $478 million worth of DYDX, over 50% is allocated to venture capitalists (VCs), including Paradigm and Polychain.
In the ongoing Spot Bitcoin ETF mania, Pando has joined the race aiming to seize the opportunities that may arise following the potential approval of BTC Spot ETFs by the US SEC. Pando Submits Spot Bitcoin ETF Filing Switzerland-based asset management company, Pando Asset has become the latest entrant into the Spot Bitcoin Exchange Traded Fund (ETF) race.The investment firm officially submitted its Spot BTC ETF filing to the United States Securities and Exchange Commission (SEC) on November 29.
In a testament to its unwavering confidence in Bitcoin (BTC), MicroStrategy, one of the largest Bitcoin holding companies, has once again expanded its cryptocurrency portfolio. The company’s former CEO, Michael Saylor, announced the acquisition of an additional 16,130 BTC, valued at approximately $593 million.This strategic move comes as Bitcoin enters a phase of accumulation above the $37,000 mark.MicroStrategy Adds To Bitcoin Stash As announced, MicroStrategy’s latest purchase was made at an average price of $36,700 per Bitcoin.
Recently, the crypto community witnessed a notable event as a dormant Bitcoin whale, inactive for nearly four years, returned to the market.According to data from the crypto analytics platform Lookonchain, this enigmatic entity transferred 3,623 BTC, worth roughly $136.94 million, to two newly created wallets.Market Speculations And Potential Impact This mysterious investor initially accumulated their Bitcoin holdings at an average cost of $6,889 per unit from October 25, 2018, to December 31, 2019.
Shibarium, the Shiba Inu layer-2 solution, recently reached a new milestone in the past few days, crossing the 4 million total transaction threshold.The launch of Shibarium, Shiba Inu’s layer-2 solution, has been a huge catalyst for the meme coin.At the same time, SHIB’s burn rate has exploded in the last two days, as investors look to push the price of SHIB in a positive direction.Shibarium’s Rapid Growth, Burn Rate Skyrockets In just the past few months, over 4 million transactions have taken place on the Shibarium network.
The Bitcoin price has been steadily moving around its current range as 2023 comes to an end.Recent data cast light on the current market structure and what could trigger an extension in the bullish momentum.Related Reading: Rare Signal Predicts Next XRP Price Move: Crypto Analyst As of this writing, Bitcoin (BTC) trades at $37,900 with a 1% loss in the last 24 hours.Over the previous week, the cryptocurrency has traded in the green as other assets recorded small losses, except for Solana (SOL) and Dogecoin (DOGE).
Robinhood, a major player in the United States financial technology industry is set to stretch out its trading services in the United Kingdom for the purpose of growing its business globally.Robinhood To Offer US Stock Trading In the UK Co-founder and Chief Executive Officer (CEO) of Robinhood Vladimir Tenev confirmed the expansion toward the UK sector in an interview with Bloomberg.According to the CEO, the expansion aims to bring the US stocks into the UK market.
On-chain data shows the Polygon whales have loaded up on 120 million MATIC during the past week, a sign that could be bullish for the asset’s price.Polygon Whales Have Increased Their Holdings Recently As pointed out by an analyst in a post on X, MATIC whales have made a decent amount of buys during the past week.The relevant indicator here is the “Supply Distribution,” which keeps track of the total amount of Polygon that the different holder groups are carrying in their wallets right now.
Bitcoin is still trending at a reasonably high price, especially after falling below $15,000 in 2022 following the FTX collapse.Given its rise since then, investors have turned bullish, expecting the start of another bull market.However, not all investors have bought into this bullish narrative for Bitcoin and this is evidenced by the amount of buy orders sitting at prices more than 65% below its current value.4,500 BTC Bids At $12,000 In an interesting turn of events, a developer has revealed a massive buy wall waiting in the expectation that the Bitcoin price will crash further.
The XRP price has been treading water in recent days.After XRP rose by more than 52% in just 18 days from mid-October to early November, the price is currently in a clear consolidation phase in the shorter time frames.However, a look at the 1-month chart of the XRP/USD trading pair shows that the XRP price has exhibited strong bullish months.In this sense, Crypto analyst Egrag has drawn attention to an extremely rare phenomenon in the XRP monthly price chart.
Long-term crypto investor Jelle who caught the Bitcoin top in 2021 recently provided insights as to the best time to buy and sell crypto assets.Jelle provided a background for his knowledge as he stated these insights helped him sell his Bitcoin holdings at the peak of the last bull run. A Powerful Bull Market Indicator In a post shared on his X (formerly Twitter) platform, Jelle explained one of the “most powerful bull market indicators” that could help traders understand the direction of the market.
USTC experienced an impressive surge this week, propelled by two key catalysts: a newly introduced Binance perpetuals contract listing and the unveiling of a bitcoin-focused makeover along with an enticing airdrop initiative.Notably, TerraClassicUSD’s value has nearly quadrupled within this period.It’s essential to contextualize this surge, however, as even with the substantial rally, the price of USTC has reached only $0.05, a stark contrast to its initial pegged value of $1.Related Reading: Mark Your Calendars: Bitcoin To Hit $100,000 By End Of 2024, Standard Chartered Says USTC Meteoric Rise: Navigating The Volatility Of The Crypto The developments surrounding USTC underscore the dynamic and evolving nature of the cryptocurrency market, where a combination of strategic listings and innovative plans can significantly impact token valuations.
The Bitcoin price rose to $38.475 yesterday, marking a marginally higher high for the year.Nevertheless, the price did not manage to close the day above the important $38,000 mark.Shortly before the end of the day, the bears managed to push the price down again.As crypto analyst Daan Crypto Trades remarked, “Market does its best to shake out everyone trying to pre-position for a possible Bitcoin ETF approval.It’s just free liquidity for the MMs/Whales.
In a bold projection, Standard Chartered, the British multinational bank, envisions a substantial surge in the value of Bitcoin, anticipating it to reach $100,000 by the conclusion of 2024.Observing Bitcoin’s impressive resurgence throughout the current year, the bank identifies the onset of what they refer to as the ‘crypto spring.’ This period of renewed vitality in the cryptocurrency market has sparked optimism, leading Standard Chartered to set an ambitious target for Bitcoin’s future valuation.
AVAX price is showing positive signs above the $20 support.Avalanche bulls seem to be in control, and they might aim for a rally toward $25.AVAX price is showing positive signs above the $20 level against the US dollar.The price is trading above $21 and the 100 simple moving average (4 hours).There is a key bullish trend line forming with support near $20.60 on the 4-hour chart of the AVAX/USD pair (data source from Kraken).
Ethereum price corrected lower below $2,050.ETH is now consolidating above the $2,020 support and might start a fresh increase in the near term.Ethereum is still struggling to climb above the $2,075 and $2,080 resistance levels.The price is trading below $2,050 and the 100-hourly Simple Moving Average.There was a break below a key bullish trend line with support at $2,040 on the hourly chart of ETH/USD (data feed via Kraken).The pair could gain bullish momentum if it clears the 100-hourly Simple Moving Average and then $2,075.
Bitcoin price failed again to clear the $38,500 resistance zone.BTC is consolidating above the 100 hourly SMA and might attempt another increase.Bitcoin is still facing heavy resistance near the $38,500 zone.The price is trading above $37,400 and the 100 hourly Simple moving average.There is a key bullish trend line forming with support near $37,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could make another attempt to clear the $38,500 resistance unless it breaks below $37,350.
In a recent announcement, bankrupt crypto lender Celsius has initiated additional withdrawals for certain eligible custody users.However, it’s important to note that only specific custody assets are currently available for withdrawal, while other cryptocurrencies such as Bitcoin (BTC) remain inaccessible. Starting November 29th, two groups, namely Class 6A General Custody Claims and Class 6B withdrawable custody claims, are eligible for withdrawals.Users within these groups have until February 28th to make their withdrawals.
In the last two months, Bitcoin (BTC), the world’s most valuable cryptocurrency, has been increasingly decoupling from XRP, the native currency of the XRP Ledger (XRPL), and BNB, the coin priming the broader Binance ecosystem.While this pans out, Dogecoin (DOGE) and Cardano (ADA) remain mostly correlated with Bitcoin. XRP, BNB Decoupling From Bitcoin While rising de-correlation suggests that the market is maturing and becoming more sophisticated, secondary factors could make some of the top altcoins decouple and chart their courses away from the tight grasp of Bitcoin.
The XRP price keeps being projected to enjoy a massive rally soon enough.Many have continued to speculate when this might happen.A crypto analyst has some answers, as he has highlighted three key indicators that could trigger this rally. Three Determinants For A “Parabolic Move” In a post shared on his X (formerly Twitter) platform, crypto analyst JD noted that XRP’s monthly was coming.He went on to state three things that “need” to happen if XRP is to see a massive rally.
Bitcoin (BTC), the leading cryptocurrency, is currently in an upward accumulation phase, inching closer to surpassing its current yearly high of $38,390. This upward trend is further fueled by the anticipation surrounding the approval of Bitcoin spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC).Bitcoin ETF Approval By January 10 In a recent post on X (formerly Twitter), Erich Balchunas, a Bloomberg ETF expert, shared his perspective on the probability of Bitcoin ETF approval.
Bitcoin has currently entered a stage where the bulls and the bears are vying for absolute control over the price, meaning that it could swing either way.While sentiment is still mostly bullish from here, there is still the possibility that the bears could win out and this side of the coin has prompted crypto analyst FieryTrading to map out what could happen if this ends up being the case.Identifying The Bearish Side Of Bitcoin In the analysis, FieryTrading identified an indicator that might point toward a bearish reversal for Bitcoin and this was the Wyckoff distribution pattern.
Whale Alert, a renowned blockchain tracker, reported a substantial transfer of XRP tokens to the Bithumb crypto exchange.This transfer, involving over 32 million XRP tokens valued at roughly $19.5 million, originated from an unidentified wallet and was executed today at 05:15:10 UTC.The substantial nature of this transaction places it firmly in the category of ‘whale transactions,’ which are often scrutinized due to their potential influence on market dynamics.In the crypto space, such significant transfers are typically indicative of strategic moves by influential players within the market.
On-chain data shows that a Chainlink signal that last preceded a 31% rally for the asset’s price has just reversed.Chainlink Age Consumed Metric Has Observed A Sharp Spike Recently According to data from the on-chain analytics firm Santiment, LINK has recently seen a significant movement from old coins.The relevant indicator here is the “Age Consumed,” which tells us whether the dormant Chainlink tokens are on the move or not right now.
Ethereum has formed a “golden cross” pattern on the 1-week timeframe, marking the second such signal this year.While the long-term implications could be very positive if history repeats itself, there are reasons to temper expectations.A weekly golden cross has formed | ETHUSD on TradingView.com Ethereum Golden Cross And A Possible Target For New ATHs 1W ETHUSD has formed a golden cross for the second time in 2023.A golden cross is a buy signal in moving average-based trading systems.
The XRP community and Charles Hoskinson, the founder of Cardano, are currently in the cryptocurrency spotlight as both parties have been involved in a fiery dispute lately.XRP Community And Charles Hoskinson Face Off On Tuesday, November 28, an XRP community member, Mr.Huber, took to X (formerly Twitter) and called out Charles Hoskinson.…Read full story at NewsBTC >
Chainlink, a widely used distributed computing platform, has recently introduced an upgrade to its staking capabilities.Known as Staking v0.2, this new version adds an extra layer of security to the network and stands as a key component of Chainlink’s Economic 2.0 strategy.The anticipated duration for the migration of the protocol for the current v0.1 stakeholders is nine days.Users cannot transfer their staked LINK or the associated rewards to version 0.2 at this time.
Dogecoin holders just surpassed 5 million addresses this week, a huge milestone for the meme cryptocurrency.According to data from on-chain analytics platform IntoTheBlock, Dogecoin addresses have been growing steadily since the beginning of the year.At the same time, DOGE is up by 43% from its October bottom of $0.056. However, this growth is still small when compared to other popular cryptocurrencies, as DOGE is still yet to reach $0.1 this year.
An analyst has explained how Dogecoin breaking the $0.087 barrier could open the path to DOGE price levels nearly double the recent ones.Dogecoin Has Three Important Lines Converging At $0.087 Right Now In a new post on X, analyst Ali has discussed what the weekly chart of DOGE is looking like right now in terms of some important historical lines.In particular, the levels of interest here are the 100-week EMA, 200-week EMA, and 0.
In his latest analysis, legendary trader John Bollinger has expressed concerns over Litecoin’s performance, particularly in comparison to Bitcoin.Bollinger, known for developing the popular technical analysis tool Bollinger Bands, highlighted a worrying pattern in the Litecoin market.He remarked, “I was asked for an analysis of LTCBTC.The thing that concerns me the most is its underperformance vs Bitcoin.From a price perspective the controlling LTCUSD feature is the 2 bar reversal at the lower Bollinger Band which is typically considered a bearish signal by traders.
The Securities and Exchange Commission’s (SEC) latest decision wasn’t enough to hold back the foremost cryptocurrency, Bitcoin.The cryptocurrency crossed $38,000 even on the back of the SEC’s move to delay two Spot Bitcoin ETFs. SEC Delays Templeton And Hashdex Bitcoin Spot ETF On November 28, the SEC delayed its decision on Templeton and Hashdex’s Spot Bitcoin ETF application.As part of the announcement, the Commission also invited comments on what has been its major concern up till now: the issue of fraud and manipulation and whether or not the surveillance agreements in place can help curb that.
Terra has stirred considerable attention of late, experiencing an impressive surge in prices that has left market observers intrigued.The catalyst behind this upward trajectory can be largely attributed to notable advancements within the Terra Ecosystem.A recent substantial capital infusion likely instilled significant confidence among investors, acting as a driving force behind the recent upswing in LUNC prices.Related Reading: Revving Up: Solana Bulls Ready To Charge As Analysts Predict Rally Beyond $80 Examining The Factors Behind LUNC’s Meteoric Surge In the last month, LUNC has been on quite a ride, marking an impressive 90% surge in its value.
In a recent technical analysis published by crypto analyst Egrag, an inverse head and shoulders (H&S) formation has been identified on the XRP/USD chart, indicating a potential bullish reversal in the near term.The pattern, which has been forming over the last two weeks, suggests that XRP could be setting up for a significant price jump.XRP Price Poised For Imminent 20% Jump? The chart by Egrag showcases the XRP price action in a 4-hour time frame, where it has been trading within a descending channel (blue) since the beginning of November.
Dogecoin is showing positive signs above the $0.0750 resistance against the US Dollar.DOGE could rally over 10% if it clears the $0.0812 resistance zone.DOGE started a decent increase above the $0.0750 resistance against the US dollar.The price is trading above the $0.0785 level and the 100 simple moving average (4 hours).There is a key bullish trend line forming with support near $0.0792 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
Ethereum price recovered from the $1,985 zone.ETH is showing positive signs and might rise further if it clears the $2,075 resistance.Ethereum is recovering higher from the $1,985 zone.The price is trading above $2,040 and the 100-hourly Simple Moving Average.There was a break above a key bearish trend line with resistance near $2,040 on the hourly chart of ETH/USD (data feed via Kraken).The pair could gain bullish momentum if it stays above the 100-hourly Simple Moving Average.
Bitcoin price trimmed losses and climbed above $37,750.BTC gained pace but it is still struggling to clear the $38,500 resistance zone.Bitcoin is again facing heavy resistance near the $38,500 zone.The price is trading above $37,500 and the 100 hourly Simple moving average.There was a break above a major bearish trend line with resistance near $37,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is struggling to clear the $38,500 resistance and correcting gains.
In a recent investigative report by the media outlet Unlimited Hangout, serious allegations were made against Noah Perlman, the chief compliance officer of Binance. The report highlights Perlman’s alleged ties to the collapse of FTX, the troubled Gemini exchange owned by the Winklevoss twins, and even convicted and deceased sex trafficker Jeffrey Epstein.If the allegations made by the media outlet prove true, and Perlman is investigated by US authorities, Binance could find itself embroiled in another executive scandal following the departure of former CEO Changpeng Zhao (CZ).
Controversial Stock-to-Flow (S2F) model creator PlanB has recently made a bold prediction about Bitcoin (BTC) that’s captured the crypto community’s attention.Via his social media handle X, PlanB stated that Bitcoin’s price would never plummet below the $35,000 threshold again.PlanB supported his claim with a chart illustrating Bitcoin’s valuation trend about its intrinsic hash rate.According to PlanB, this relationship is a critical indicator of the digital currency’s enduring value.Related Reading: Bitcoin Defies Global Market Trends: Negative Correlation Hits Pre-Pandemic Levels Despite acknowledging potential black swan events or short-term market volatility, PlanB insists that based on the current fundamentals, particularly the cost of electricity ($/kWh) used in mining Bitcoin, the asset’s market value is “unlikely” to retract below the mentioned support level – $35,000.
Bitcoin (BTC) has again demonstrated its bullish momentum by surging above the $38,000 mark.Breaking free from the recent trading range between $36,500 and $37,500, BTC currently trades at $38,100, slightly below its yearly high of $38,400 achieved on Friday, November 24. However, this is just one of the many milestones BTC has achieved during its ongoing bullish resurgence.Bitcoin Achieves New 52-Week Closing Record According to crypto trading firm The Birb Nest, Bitcoin has set a new 52-week closing record by a small margin, holding above $32,000 for four consecutive weeks, demonstrating the continued strength of the uptrend.
Data shows altcoins have been losing correlation with Bitcoin recently, and among them, XRP and BNB have seen particularly pronounced decoupling.XRP & BNB Have Seen Largest Drops In 60-Day Correlation To Bitcoin As pointed out by an analyst in a post on X, BTC has recently seen a drop in correlation with the altcoins.The “correlation” here refers to an indicator that keeps track of how tied the prices of any two assets are right now.
Crypto analyst CryptoInsightUK has shared his bullish sentiment on the XRP price.He noted that something may be brewing for the token and its ecosystem.Interestingly, he agrees that XRP could rise as high as $9.6.XRP Price Could Replicate 2017 Impulse In a post shared on his X (formerly Twitter) platform, CryptoInsightUK shared a monthly XRP/BTC chart.He noted that XRP’s largest impulse against BTC was around 5,200%, which occurred back in 2017.Analyzing the chart that he shared, he suggested that a similar setup to that time was building up.
DOT, the native currency of Polkadot, a smart contract platform, remains under pressure, posting sharp losses after soaring to an all-time high of around $55 in 2021.The coin is trading at about $6, volatile but up roughly 45% from 2022 lows, buoyed by the broader recovery across the crypto scene.Will DOT Break Above Immediate Resistance Levels? Despite DOT’s woes, one crypto trader, @Ashcryptoreal, is bullish on the coin’s prospects, pointing to the eventual implementation of Polkadot 2.
The potential approval of a Bitcoin ETF (Exchange Traded Fund) is bound to open new opportunities for traders.The expectations surrounding this event impact the market now, but an expert believes they will have a more substantial effect in the coming months. Related Reading: Bitcoin Price Alert: $48,000 By Early January, Forecasts Proven Indicator As of this writing, Bitcoin trades at $37,400 with a 1% profit in the last 24 hours.Over the previous week, the cryptocurrency stayed in the green with a 3% profit, holding the critical level of $37,000 despite the increase in selling pressure.
Shiba Inu (SHIB), an Ethereum-based altcoin has recently garnered the attention of the cryptocurrency community and investors as the token’s burn rate experienced a massive surge.Shiba Inu Burn Rate Increases Significant The Shiba Inu burn rate recently increased significantly by 499,416% in a 24-hour period between Sunday and Monday. Data from Shibburn – the platform that tracks SHIB token burns, shows this marks a new record for the token’s burn initiative.
On-chain data shows the Bitcoin SOPR hasn’t yet reached high levels that have been associated with heated bull market phases in the past.Bitcoin SOPR Has Only Seen Mildly Positive Values Recently In a CryptoQuant Quicktake post, an analyst has explained how market psychology has driven the BTC price during the past few years.The on-chain indicator that best represents the Bitcoin trader psychology according to the quant is the “Spent Output Profit Ratio” (SOPR).
XRP investors may be looking at one of the most important upgrades yet according to a prominent developer in the community.This was revealed by the lead developer of one of the major projects building on the XRP Ledger, hinting that a MasterCard integration may be coming.Bringing MasterCard, Self-Custody, And More To XRP In a post that was shared on X (formerly Twitter), Xumm Wallet lead developer Wietse Wind excitedly announced to the community that self-custody is on the way.
A recent analysis by crypto expert CryptoCon, focusing on the Ichimoku Cloud indicator, suggests a bullish outlook for Bitcoin, with a potential rally to $48,000 by early January.CryptoCon, in his latest analysis, highlighted the reliability of the Weekly Ichimoku Cloud, stating, “The Weekly Ichimoku cloud called our last Bitcoin rise to $38,000 2 months in advance with the cross projected in the future.” The analyst’s confidence stems from the indicator’s historical performance, which has reportedly signaled previous price movements with considerable accuracy – 11 weeks, 7 weeks, and 13 weeks in advance.
Positive events have come for Solana (SOL), the high-performance blockchain network, indicating bullish momentum.In the last month, the price of Solana has risen by 84%, and is currently trading at $56.With gains of 18 out of the previous 30 days and price volatility of 22.32%, Solana is still a force to reckon with.In that span of time, SOL’s price surged by a staggering 78%, from $32 to $57.The ecosystem is much more excited now that Binance has listed BONK, a meme coin based in Solana.
XRP has taken investors on an exciting roller coaster ride this year, taking them on a trip through the highs and lows of the market.There have been a lot of ups and downs, from a small rise in March to a huge surge in July and another one in the middle of October.Even though this exciting adventure has ended, XRP is now trading at a mere $0.59, a huge drop of 30% from its all-time high of $0.
XRP price is moving lower from the $0.732 resistance.The price is now at risk of more losses toward the $0.550 support before the bulls take a stand.XRP started a downside correction below $0.638 and $0.612.The price is now trading below $0.625 and the 100 simple moving average (4 hours).There is a key declining channel forming with resistance near $0.622 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
Ethereum price is moving lower from $2,130.ETH is showing a few bearish signs and might decline toward the $1,920 support zone.Ethereum is slowly moving lower below the $2,060 zone.The price is trading below $2,060 and the 100-hourly Simple Moving Average.There is a major bearish trend line forming with resistance near $2,040 on the hourly chart of ETH/USD (data feed via Kraken).The pair could continue to move down toward the $1,920 support zone.
Bitcoin price is moving lower below the $37,000 level.BTC could continue to move down toward the $36,000 level or even $35,000 zone in the coming sessions.Bitcoin is showing bearish signs and moving lower from the $37,750 resistance.The price is trading below $37,400 and the 100 hourly Simple moving average.There is a key bearish trend line forming with resistance near $37,380 on the hourly chart of the BTC/USD pair (data feed from Kraken).
TrueUSD (TUSD), a stablecoin with a market cap exceeding $3.1 billion, appears “shaky” and briefly depegged on November 22, dropping to as low as $0.9976 before restoring its peg.The temporary depeg was attributed to a deluge of selling orders, according to Kaiko, a blockchain analytics firm.TUSD Briefly Depegs, Large Selling Orders Rolling Through Riyad Carey, a researcher at Kaiko, noted that large sell orders, including one for $3 million, triggered the turbulence that caused the stablecoin’s price to dip below the dollar peg.
Market analyst Ali Charts has recently shared insights on the Cardano (ADA) market trajectory.Observing recent trends, ADA appears to be in a bearish phase.In the last 24 hours, mainly, the asset has witnessed a 2.8% decline, resulting in its trading price falling to $0.37.However, despite the current dip, Ali offers an optimistic outlook, suggesting that Cardano may be gearing up for a significant price surge, possibly reaching its highest point for the year.
Amidst the regulatory scrutiny and enforcement actions faced by the cryptocurrency industry, Bitcoin (BTC), the leading cryptocurrency by trading volume, has remained resilient and maintained its consolidation level between $36,000 and $37,000.It reached a new record for the year, surging to a new yearly high of $38,390 on Friday.$312 Million Inflows Amid Spot-Based ETF Expectations The latest report from CoinShares provides further evidence of Bitcoin’s robustness.Despite concerns that the regulatory feud involving Binance might trigger a sell-off of BTC, the report reveals a significant influx of capital into digital asset investment products.
An active crypto whale has been steadily accumulating UNI, the native token to Uniswap, one of the world’s most active decentralized exchanges (DEXes).This development suggests that the address believes the token may edge higher in the coming trading days or weeks, extending gains after a sharp leg up on November 22 when UNI soared, breaking above key resistance levels. Whale Loading Up More UNI, Back To $10? According to recent Lookonchain data, an Ethereum address, stevu.
The on-chain analytics firm Santiment has explained how Tether (USD) and USD Coin (USDC) exchange inflows preceded the recent Bitcoin rally.Bitcoin Rally May Restart If Stablecoins See Further Exchange Deposits In a new post on X, Santiment discussed the trend in the supply of exchanges of various assets in the cryptocurrency sector.The “supply on exchanges” is an indicator that keeps track of the percentage of the total circulating supply of the given coin currently sitting in the wallets of all centralized exchanges.
The Ethereum price has been trading more than 50% below its all-time high of $4,800 for the better part of a year now with no sign of returning to its previous all-time high.However, this slow trend may not continue for much longer as a crypto analyst has identified a pattern that could trigger a rally to its previous highs.Ethereum Stuck Inside A Bullish Triangle In an analysis that was posted on TradingView, crypto analyst FieryTrading identified a unique pattern that the Ethereum price has been trading in for almost two years.
TRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as Hamas and Hezbollah, which are designated terrorist organizations by the US, UK, and other countries.According to a Reuters report, this development has opened a new front in Israel’s battle against the funding of alleged Iranian-backed militant groups.Tron Wallets Targeted In Israeli Seizures According to the report, a comprehensive analysis of crypto seizures announced by Israeli security services since 2021 highlights a significant increase in targeting TRON wallets and a decrease in seizures related to Bitcoin wallets.
Crypto Pundit, Dushyant Shahrawat has suggested that the decline in the global financial technology companies may result in a delay in the highly anticipated Ripple IPO. FinTech Challenges May Push Back Ripple IPO Timeline An XRP community member, Crypto Eri has shared details about Ripple IPO’s timeline in a post on X (formerly Twitter).The X post briefly shed light on a recent interview on NASDAQ Trade Talks, between global markets Reporter, Jill Malandrino and investment banker at Rosenblatt Securities, Dushyant Shahrawat.
An analyst has explained how $47,360 could be the next target for Bitcoin if the cryptocurrency can clear the $38,500 resistance wall.Bitcoin URPD Suggests $47,360 Holds Next Major Resistance After $38,500 In a new post on X, analyst Ali talked about what the levels ahead of BTC are looking like right now in terms of the on-chain resistance.The indicator of interest here is the “UTXO Realized Price Distribution” (URPD), which tells us about the amount of coins (or more precisely, the UTXOs) that were last acquired at the various levels that the cryptocurrency has visited in its history.
Global financial firm Circle has announced a strategic partnership with the Japanese financial services SBI Holdings, Inc., to promote the adoption of Circle’s USDC stablecoin and web3 services in Japan.Circle Joins SBI Holdings In A Memorandum Of Understanding According to the announcement, both parties have signed a Memorandum of Understanding (MOU) toward promoting UDSC‘s adoption in the country.Due to this, both parties are also committed to accurately abiding by stablecoin-related regulations and communication with authorities.
Renowned finance author Robert Kiyosaki has never been shy about his support for Bitcoin and he continues to push for more adoption of the asset.Kiyosaki who wrote the infamous ‘Rich Dad Poor Dad’ book is back once again with a piece of advice, and a warning, for investors regarding Bitcoin.Buy Bitcoin Now, Says Kiyosaki In normal fashion, Kiyosaki took to Twitter to sound the warning about rising prices due to inflation.
In a bold move, Cosmos co-founder Jae Kwon has called for a significant shift in the blockchain’s direction following the controversial passing of NWV #848.This proposal was approved by the community’s voting mechanism, earning around 40% of the votes, and it was aimed at changing the blockchain’s native token inflation rate.Related Reading: Cosmos (ATOM) Bears Dominate As Bulls Struggle To Drive Price Kwon, expressing his dissent, is now advocating for a coordinated “split” in the Cosmos ecosystem, a proposal that could reshape the blockchain’s future.
In the last month, Dogecoin (DOGE) has observed a notable upswing in transactions surpassing the $100,000 mark, coinciding with a substantial surge in the price of this meme-based cryptocurrency.The abrupt increase in both transaction volume and price suggests a heightened level of interest in Dogecoin, particularly from major financial entities recognized as “whales” and institutional investors.Billy Markus, an IT engineer, co-created the prominent meme-based cryptocurrency alongside Jackson Palmer in 2013.Originally conceived as a satirical imitation of Bitcoin, Markus has recently offered his perspective on the significant surge in daily DOGE transactions, which surpassed 1 million earlier this week.
Blast is the latest Layer 2 network to burst into the scene in the last week and has taken the decentralized finance (DeFi) world by storm already.This network which seemingly came out of nowhere has backing from Paradigm, and as its popularity has risen, it has surpassed Base and Cardano’s Total Value Locked (TVL) in less than a week after launch.Blast TVL Crosses $565 Million The Blast network was officially announced on November 21 and it quickly garnered support from crypto investors.
The XRP community is abuzz with discussions of potential price manipulation.This debate is fueled by observations from key figures from the XRP army, who are raising concerns over unusual price patterns despite significant developments.XRP Price Manipulation: The Initial Spark Edward Farina, XRP Healthcare’s Head of Social Adoption, first brought this issue to light.He pointed out that despite Ripple’s consistent flow of positive news and developments over the past year, the price of XRP has remained relatively unmoved.
According to CryptoQuant’s data on November 4th, Ethereum (ETH) achieved a significant milestone.The aggregate amount of funds staked in the Ethereum 2.0 smart contract has experienced a notable surge, reaching a commendable sum of $32 million.The current increase in value is indicative of a larger pattern in which investors are consistently and proactively investing in ETH, thereby propelling the Ethereum ecosystem to unprecedented levels of growth.In the broader context of the year 2023, Ethereum’s exceptional performance is clearly observable, as it has contributed a significant $74.
TerraClassicUSD (USTC), the algorithmic stablecoin tied to the LUNA ecosystem, recently went on an upward trajectory to register gains of over 300%.In a stunning cascade of events, the token’s price spike in the past 24 hours has left investors wondering about the implication for Terra Classic (LUNC) and the potential revival of the LUNA ecosystem.USTC Coin Spikes 300% In One Day USTC has lost most of its usefulness as a stablecoin since its implosion in 2022 when it was known as UST.
CardanoGPT has officially announced the beta launch of its AI-powered chatbot, Girolamo.This initiative marks a substantial advancement in the integration of artificial intelligence (AI) technologies with the Cardano blockchain ecosystem.Named after the influential Italian mathematician Girolamo Cardano, the chatbot intends to symbolize the fusion of historical intellectual legacy with contemporary technological innovation.Girolamo is engineered to provide a range of functionalities, including content generation, image generation, and image interpretation, which are tailored to accommodate diverse user inquiries.
Solana rallied above the $65 resistance against the US Dollar.SOL price is now correcting gains and might even slide below the $50 support.SOL price started a major rally above the $60 resistance before the bears appeared against the US Dollar.The price is now trading below $60 and the 100 simple moving average (4 hours).There was a break below a short-term rising channel with support near $58.00 on the 4-hour chart of the SOL/USD pair (data source from Kraken).
Ethereum price struggled above $2,100.ETH is now moving lower and might continue to drop toward the $1,930 support in the near term.Ethereum is consolidating and facing resistance near the $2,060 zone.The price is trading below $2,080 and the 100-hourly Simple Moving Average.There is a key bearish trend line forming with resistance near $2,065 on the hourly chart of ETH/USD (data feed via Kraken).The pair could continue to move down if it breaks the $2,035 support zone.
Bitcoin price is still struggling to settle above $38,000.BTC is showing a few bearish signs and might decline below the $37,150 support.Bitcoin is still facing heavy resistance near the $37,750 resistance.The price is trading below $37,500 and the 100 hourly Simple moving average.There is a connecting bearish trend line forming with resistance near $37,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could continue to move down if it breaks the $37,150 support.
The Bitcoin mining difficulty has witnessed another increase in 2023, bringing the metric to a new all-time high.The Bitcoin “difficulty” is a vital aspect of the network that controls the rate at which new blocks are added to the blockchain at a given time.Bitcoin Mining Difficulty Surges To A New High Of 67.96T According to data from BTC Blockchain Explorer, the Bitcoin network experienced a significant adjustment at block height 818,496.
XRP could witness a massive selloff in the coming days, as shown by on-chain transfer data.According to transaction alerts from crypto whale tracker Whale Alerts, two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges Bitso and Bitstamp, prompting investors to ponder the reasons behind the transactions and speculate on possible outcomes.Massive transfers by whales can often increase selling pressure if they sell and take profits, which could cascade into the price of the asset, even if only temporary.
The prior week’s notable increase in options trading and derivatives activity made the market look positive.When the price of Bitcoin surpassed $38,000 and set a new record for 2023, buyer interest in the top altcoins increased. As a result, a cryptocurrency that was already trending higher, like BLUR, saw significant price increases.This increase raises concerns about these cryptocurrencies’ ability to sustain their momentum over the coming week.BLUR is the native token of the same-named non-fungible token (NFT) platform.
In a month marked by heightened volatility, Apecoin (APE) has been a battleground for bulls striving to prevent a dip below the crucial $1 mark.This tug-of-war between bulls and potential downward pressure underscores the intense market dynamics surrounding Apecoin, leaving investors on the edge as they monitor the crypto’s price movements in this volatile November landscape.The latest data from the spot market reveals a resolute stance from bullish traders, as orders for more than 11 million APE tokens have beern strategically placed around the current price.
Prominent crypto analyst CryptoInsightUK has given his thoughts on whether or not the XRP price can replicate the notable 61,000% gain it enjoyed back in 2017.Although the analyst sounded uncertain about how things could pan out, he provided insight as to what the future holds for XRP.XRP Price Repeating 61,000% Move Will Be Harder In a post on his X (formerly Twitter) platform, CryptoInsightUK highlighted how XRP exploded in 2017.The crypto token is said to have seen a 61,000% gain in 280 days.
Blockchain analytics firm Glassnode has estimated a substantial influx of investor demand following the approval of Bitcoin Spot ETF.The analysis indicates around $70 billion in new money flowing into Bitcoin, potentially setting the stage for a BTC price rally. Bitcoin Spot ETF Set To Ignite New Inflows Blockchain data and intelligence provider, Glassnode has recently published research insights on the potential impacts of Bitcoin Spot ETF approvals on the price of Bitcoin and the broader crypto market.
In the last week, DOGE, alongside other cryptocurrencies, suffered a significant price dip following reports of US enforcement action on the world’s largest exchange, Binance, and the company’s CEO, Changpeng “CZ” Zhao.In particular, DOGE recorded a cumulative price loss of 6.85%, ranking as one of the biggest losers in the last seven days, according to data from CoinMarketCap.However, there are some positive developments regarding the meme coin, which indicate that investors may soon record a significant price gain.
Popular crypto analyst PlanB, known for his strong bullish stance on Bitcoin and the stock-to-flow model, took to X to reiterate an optimistic long-term for Bitcoin.According to the analyst, we might be in the final days of Bitcoin below $40,000. PlanB made a call to action based on his analysis of Bitcoin’s realized price, as all signs point to Bitcoin going on a strong price surge very soon.Enjoy Sub-$40,000 Bitcoin While It Lasts Bitcoin has outperformed other asset classes in terms of price performance this year.
The price of Ethereum has been on a steady and monumental rise in the past few weeks, and the last seven days have not been much different.The altcoin breached the $2,100 mark on Friday, November 24, with its sights now set on new yearly highs.Interestingly, a recent on-chain revelation has shown what could be behind the latest ETH price surge while offering insights into the future prospects of the cryptocurrency.On-Chain Data Shows Whales Continue To Buy ETH Renowned crypto analyst Ali Martinez, in a post on X, revealed that Ethereum whales have been active in the crypto market over the past few days.
In a dramatic twist, a mere 48 hours after the United States laid out a hefty $4.3 billion settlement proposal with the major player in the crypto market, Binance, Bitcoin price defied expectations by catapulting to a new peak for the year.Breaking the $38,000 barrier in the early stages of the New York trading session on Friday, the cryptocurrency sector, witnessed the long-anticipated surge.Bitcoin’s recent consolidation within a pennant pattern had hinted at the prospect of a bullish upswing, and it seems those predictions have materialized.
According to Lookonchain data, Sigil, a fund in Gibraltar, has exited BLUR, one of this week’s top-performing tokens, for Lido DAO’s LDO, and IMX, the native token Immutable X–a layer-2 scaling solution primarily dedicated to NFT trading.Sigil Fund Sells BLUR For IMX And LDO On November 24, Lookonchain, a crypto analytics platform, noted that Sigil sold 1.55 million BLUR for 807,799 IMX, worth roughly $1.14 million, and 210,905 LDO, trading at $540,000, at spot rates.
Bitcoin (BTC) and the cryptocurrency market have seen a significant uptrend, hitting a new annual high and surpassing $1.45 trillion, paving the way for potential gains in the final days of November.Notably, BTC, the largest cryptocurrency in the market, has achieved a remarkable milestone, approaching the $40,000 level with a price surge to $38,400. The catalysts behind this recent surge include the anticipated acceptance of the BlackRock Bitcoin Spot exchange-traded fund (ETF) within the next 45 days and speculation that BlackRock itself may influence Bitcoin’s price through significant buying pressure on Coinbase.
The XRP price may be gearing towards a bullish momentum with the potential release of multiple ETPs and the anticipated launch of Valour’s XRP ETP into the European markets next month. Valour XRP ETP To Enter European Markets Valour, a publicly traded company backed by DeFi Technologies, a crypto-based software organization, has announced a new XRP Exchange Traded Product (ETP).In a press release published on Wednesday, DeFi Technologies disclosed the launch of Valour’s XRP ETP in December 2023.
Ethereum (ETH) continues to absorb Bitcoin (BTC) selling pressure in November, looking at price action when writing on November 24.In the daily chart, ETH bulls have the upper hand, adding roughly 9% versus BTC from October lows. Ethereum Outperforms Bitcoin In November ETH buyers are firm, with price action still confined inside the conspicuous bullish engulfing bar of November 9.Despite bears forcing prices lower in the second week of November, the failure of BTC bulls to reverse all losses suggests that ETH buyers are still in command.
Ethereum has cleared the $2,100 level during the past day, and if on-chain data is anything to go by, a rally to new yearly highs should be “easy.” Ethereum Has No Major On-Chain Resistance At Higher Levels An analyst in a post on X explained that Ethereum has overcome a major on-chain resistance zone with its recent price rally.The on-chain resistance and support levels are defined based on the density of investors who bought at them.
Blockchain analytics platform Token Terminal has provided insight into the future trajectory of the second largest cryptocurrency by market cap, Ethereum (ETH).Interestingly, they predict that the crypto token could rise as high as $36,800.When Ethereum Will Hit $36,800 In the research paper released by the platform, Ethereum is billed to hit the $36,800 mark by 2030.However, this prediction is made in the best-case scenario of 2030 being a bull market season.
The recent events at cryptocurrency exchange Binance could trigger the next Bitcoin bull run if this pattern continues to form.Will Bitcoin Exchange Reserve Ratio Turn Around After Binance News? As explained by an analyst in a CryptoQuant Quicktake post, the BTC exchange reserve ratio for US versus off-shore platforms has followed a specific pattern during past bull markets of the asset.The “exchange reserve ratio” here refers to an indicator that compares the exchange reserves of any two platforms or group of platforms.
Brad Garlinghouse, the CEO of Ripple, expressed his views on the aftermath of their legal battle with the US Securities and Exchange Commission (SEC).Ripple CEO Insights On The SEC’s Stand In The Legal Battle The Ripple CEO spoke about the case between the crypto company and the SEC in an interview at the 2023 DC Tech Week.Garlinghouse highlighted the SEC’s several setbacks since the case started.According to the CEO, “the SEC has lost on everything that matters” when he was asked if the case is “done and dusted.
Edward Farina, Head of Social Adoption at XRP Healthcare, recently proposed a scenario where the price of XRP could potentially surge to $10,000.His projection is based on the possibility of the token as a bridge currency and RippleNet replacing SWIFT (Society for Worldwide Interbank Financial Telecommunication) in the global cross-border payment systems.Could XRP Price Reach $10,000? Farina’s commentary dives into the principles of market dynamics.He argues against common misconceptions about the cryptocurrency’s potential growth.
Dogecoin is trading in the green today, which is a reflection of what on-chain data suggests maybe whales looking to propel the crypto to a rally.Recent on-chain data shows that institutional money might be returning to the meme token, as evident by the number of Dogecoin wallets holding large amounts of DOGE tokens. Institutional Interest In Dogecoin Data from the crypto analytics platform IntoTheBlock has reiterated the current bullish sentiment among Dogecoin whales.