Here are the top three cryptocurrency stories that shook the market this weekend, brought to you by U.Today:
1️⃣ Peter Schiff Reveals Who Pumped Bitcoin to $99,180
Bitcoin’s jaw-dropping rally to $99,180 on Friday, Nov. 22, sparked excitement and debate. Vocal Bitcoin critic Peter Schiff took to social media to attribute the surge to MicroStrategy's aggressive Bitcoin acquisition.
What happened? MicroStrategy reportedly raised $3 billion through convertible debt to boost its Bitcoin holdings.
Schiff’s take: He warns this "game" could collapse once MicroStrategy runs out of lenders and buyers for its shares, labeling the rally speculative.
Market caution: Schiff’s remarks underline the risks of BTC's reliance on large institutional players like MicroStrategy. If demand wanes, volatility could increase dramatically.
2️⃣ XRP Stumbles After Testing $1.50 – Is $2 Still on the Horizon?
$XRP soared past the $1.50 resistance last weekend, briefly touching $1.60, only to be dragged back below $1.15 in a sharp reversal.
What happened? Traders witnessed a possible fakeout, where XRP’s breakout quickly fizzled.
Key levels to watch:
A breakout above $1.50 could reignite momentum toward $1.80 or even $2.
A breakdown below $1.30 might signal a deeper correction.
Current status: $XRP is trading at $1.44, with market sentiment playing a pivotal role in its next move.
3️⃣ SHIB Burn Rate Explodes by 49,464%
Shiba Inu ($SHIB ) caught fire—figuratively and literally—with an astonishing 175.3 million SHIB burned in a single day, marking a 49,464% spike in the burn rate.
Price impact: SHIB surged 10%, climbing from $0.00002523 to $0.00002784 over the weekend.
Weekly burn rate decline: Despite the one-day surge, the weekly burn rate has fallen 69.49%, with only 195 million SHIB burned in total.
Current price: SHIB is now trading at $0.00002557, up 1.53% in the last 24 hours.
Market Summary
BTC: $93,843 (-4.43%)
XRP: $1.4111 (-2.95%)
SHIB: $0.00002489 (-3.18%)
These stories underscore the market’s volatility and the critical role of institutional strategies, resistance levels, and community-driven events like burns. Stay informed and strategic!
#GODINDataForAI #BTC #XRPPredictions #shiba⚡ #CryptoNewss 