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[Former Citi members can issue BTC securities without SEC approval] According to a report by Bloomberg, a former senior executive of Citigroup plans to launch a new type of securities based on Bitcoin that does not require approval from U.S. regulatory agencies. The securities will be issued by a new company, the Depository Depository Corporation (RDC), and will be similar in nature to U.S. depositary certificates representing foreign stocks. These Bitcoin deposit certificates will be provided to institutional investors through the U.S. regulated market infrastructure and cleared through the Certificate Depository Trust Company. Unlike Bitcoin exchange-traded funds (ETFs), CDs will provide direct ownership of Bitcoin, which will be an industry first. RDC believes that some regulated institutions are cautious about purchasing Bitcoin due to security risks and regulatory uncertainty in the crypto market. The plan proposed by the company aims to "complement" the Bitcoin ETF and provide new opportunities for institutional investors to introduce funds into the cryptocurrency market. Ankit Mehta, co-founder and CEO of RDC, said their goal is to help asset owners of all kinds convert their Bitcoin into securities that qualify as CDTs. The new product may be popular with investors amid the Bitcoin investment boom, especially as it provides another investment open to institutional investors amid the U.S. Securities and Exchange Commission's (SEC) review of spot Bitcoin ETFs. way. #鴉快訊 #花旗 $BTC
[Former Citi members can issue BTC securities without SEC approval]
According to a report by Bloomberg, a former senior executive of Citigroup plans to launch a new type of securities based on Bitcoin that does not require approval from U.S. regulatory agencies. The securities will be issued by a new company, the Depository Depository Corporation (RDC), and will be similar in nature to U.S. depositary certificates representing foreign stocks.
These Bitcoin deposit certificates will be provided to institutional investors through the U.S. regulated market infrastructure and cleared through the Certificate Depository Trust Company. Unlike Bitcoin exchange-traded funds (ETFs), CDs will provide direct ownership of Bitcoin, which will be an industry first.

RDC believes that some regulated institutions are cautious about purchasing Bitcoin due to security risks and regulatory uncertainty in the crypto market. The plan proposed by the company aims to "complement" the Bitcoin ETF and provide new opportunities for institutional investors to introduce funds into the cryptocurrency market.
Ankit Mehta, co-founder and CEO of RDC, said their goal is to help asset owners of all kinds convert their Bitcoin into securities that qualify as CDTs. The new product may be popular with investors amid the Bitcoin investment boom, especially as it provides another investment open to institutional investors amid the U.S. Securities and Exchange Commission's (SEC) review of spot Bitcoin ETFs. way.

#鴉快訊 #花旗 $BTC
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[Bitcoin ETF craze pushes price back to $45,000 as open interest rises] Bitcoin rallied back to around $45,000 when Wall Street opened on January 8, as the exchange-traded fund (ETF) trend brought new volatility to the market. Bitcoin prices rose nearly 3% on the day, according to data from Cointelegraph Markets Pro and TradingView. This growth was interpreted as the result of speculative buying. Trading resource Material Indicators said speculators may be disappointed if the ETF is not approved on that day, with market talk of Wednesday as the most likely day for approval. They warned that the market could come under selling pressure again. Material Indicators reminds of last week’s liquidation event, which resulted in the liquidation of many leveraged long Bitcoin positions. As of this writing, open interest in Bitcoin futures stands at 407,400 BTC, growing by more than 8,000 BTC daily. Financial commentator Tedtalksmacro questioned whether this increase in open interest was indicative of early ETF decisions. CoinGlass pointed out that the increase in sell order liquidity may indicate a rapid rise in the market in the short term. Meanwhile, members of the Bitcoin community are wary of the price volatility surrounding the ETF decision. Hodlonaut, an advisor at The Bitcoin Advisor, said he expects more volatile price moves related to ETFs and recommends not trading but keeping a low time priority. James Van Straten, research and data analyst at CryptoSlate, observed that a 1% drop in gold prices could be timely given whether market participants are turning to Bitcoin. #鴉快訊 #ETF $BTC
[Bitcoin ETF craze pushes price back to $45,000 as open interest rises]
Bitcoin rallied back to around $45,000 when Wall Street opened on January 8, as the exchange-traded fund (ETF) trend brought new volatility to the market.
Bitcoin prices rose nearly 3% on the day, according to data from Cointelegraph Markets Pro and TradingView. This growth was interpreted as the result of speculative buying. Trading resource Material Indicators said speculators may be disappointed if the ETF is not approved on that day, with market talk of Wednesday as the most likely day for approval. They warned that the market could come under selling pressure again.

Material Indicators reminds of last week’s liquidation event, which resulted in the liquidation of many leveraged long Bitcoin positions. As of this writing, open interest in Bitcoin futures stands at 407,400 BTC, growing by more than 8,000 BTC daily.
Financial commentator Tedtalksmacro questioned whether this increase in open interest was indicative of early ETF decisions. CoinGlass pointed out that the increase in sell order liquidity may indicate a rapid rise in the market in the short term.

Meanwhile, members of the Bitcoin community are wary of the price volatility surrounding the ETF decision. Hodlonaut, an advisor at The Bitcoin Advisor, said he expects more volatile price moves related to ETFs and recommends not trading but keeping a low time priority.
James Van Straten, research and data analyst at CryptoSlate, observed that a 1% drop in gold prices could be timely given whether market participants are turning to Bitcoin.

#鴉快訊 #ETF $BTC
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[Worrying Pattern Foreshadows Possible ETH Selloff: What Will Happen? 】 Ethereum has recently faced significant challenges facing the key resistance area at $2,400, which serves as the upper boundary and static resistance for the multi-month wedge pattern. Nonetheless, the emerging head-and-shoulders pattern signals a possible pullback toward the $2,000 support zone. The daily chart shows Ethereum experiencing a strong rally to yearly highs at $2,400, demonstrating buyer power. The golden cross further highlights the bullish sentiment. However, after reaching the upper boundary of the multi-month wedge pattern and key resistance at $2,400, the upward momentum was stalled, selling pressure increased and bullish momentum stalled. In the face of these challenges, a head and shoulders pattern appears, signaling a bearish reversal. Price is at a critical point breaking out of the neckline (orange line). Bearish divergence indicates a possible decline in the coming days. Considering the near-term trend, a break below the neckline could trigger a downside move back towards the $2,000 support. On the 4-hour chart, the price found support between the 0.5 ($2,211) and 0.618 ($2,166) Fibonacci retracement levels, preventing further losses. Importantly, this support zone coincides with the dynamic support trendline, putting pressure on sellers. But if sellers take over and the price breaks below these key supports, it could trigger a retracement towards the $2,000 area. On-chain analysis shows that futures market sentiment provides insight into Ethereum’s prospects. An increase in open interest indicators often signals a market reversal. Currently, open interest is rising but not reaching significant highs, suggesting a pullback is possible but the futures market is not overheated. Moderate open interest means the bullish trend is likely to continue in the long term. It is important to monitor this indicator to identify possible shifts in market sentiment. #鴉快訊 $ETH
[Worrying Pattern Foreshadows Possible ETH Selloff: What Will Happen? 】
Ethereum has recently faced significant challenges facing the key resistance area at $2,400, which serves as the upper boundary and static resistance for the multi-month wedge pattern.
Nonetheless, the emerging head-and-shoulders pattern signals a possible pullback toward the $2,000 support zone.

The daily chart shows Ethereum experiencing a strong rally to yearly highs at $2,400, demonstrating buyer power. The golden cross further highlights the bullish sentiment.
However, after reaching the upper boundary of the multi-month wedge pattern and key resistance at $2,400, the upward momentum was stalled, selling pressure increased and bullish momentum stalled.
In the face of these challenges, a head and shoulders pattern appears, signaling a bearish reversal. Price is at a critical point breaking out of the neckline (orange line). Bearish divergence indicates a possible decline in the coming days.
Considering the near-term trend, a break below the neckline could trigger a downside move back towards the $2,000 support.

On the 4-hour chart, the price found support between the 0.5 ($2,211) and 0.618 ($2,166) Fibonacci retracement levels, preventing further losses.
Importantly, this support zone coincides with the dynamic support trendline, putting pressure on sellers. But if sellers take over and the price breaks below these key supports, it could trigger a retracement towards the $2,000 area.

On-chain analysis shows that futures market sentiment provides insight into Ethereum’s prospects. An increase in open interest indicators often signals a market reversal.
Currently, open interest is rising but not reaching significant highs, suggesting a pullback is possible but the futures market is not overheated. Moderate open interest means the bullish trend is likely to continue in the long term. It is important to monitor this indicator to identify possible shifts in market sentiment.

#鴉快訊 $ETH
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[Will ICP extend its bullish rally amid market volatility? 】 Amid the volatile cryptocurrency market, ICP stood out, reaching a yearly high price of $11.92 and ranking among the top 20 cryptocurrencies by market capitalization. However, there have been setbacks amid market volatility. ICP is known for its multi-blockchain infrastructure that integrates serverless cloud capabilities into the public network and has seen impressive recent price and transaction volume growth. Its bullish trend is notable despite market volatility sending it down 7.17% in the past 24 hours. Jan Camenisch, the project’s chief technical officer, expressed ambitious goals and is committed to pushing ICP into the top three cryptocurrencies. A recent important development that is driving momentum is ICP’s strategic partnership with Gaudi Knowledge and Moon Labs to reinvent architectural design in the metaverse on the ICP platform. Analysts have mixed forecasts for ICP prices, ranging from $17.50 to potentially $20, but traders are cautioned to be aware of potential downside risks. The market is currently bullish, but technical indicators suggest a correction may be needed. Analysts point to $9.83, $8.28, and $7.25 as key support levels. A bullish crossover between the 100-day and 200-day exponential moving averages suggests buying pressure, while a spike in the Relative Strength Index suggests the market may be overbought. ICP maintains its position among the top cryptocurrencies, and its recent performance highlights investor enthusiasm and market volatility, marking a key moment in its development. #鴉快訊 $ICP
[Will ICP extend its bullish rally amid market volatility? 】
Amid the volatile cryptocurrency market, ICP stood out, reaching a yearly high price of $11.92 and ranking among the top 20 cryptocurrencies by market capitalization. However, there have been setbacks amid market volatility.
ICP is known for its multi-blockchain infrastructure that integrates serverless cloud capabilities into the public network and has seen impressive recent price and transaction volume growth. Its bullish trend is notable despite market volatility sending it down 7.17% in the past 24 hours.
Jan Camenisch, the project’s chief technical officer, expressed ambitious goals and is committed to pushing ICP into the top three cryptocurrencies.

A recent important development that is driving momentum is ICP’s strategic partnership with Gaudi Knowledge and Moon Labs to reinvent architectural design in the metaverse on the ICP platform.
Analysts have mixed forecasts for ICP prices, ranging from $17.50 to potentially $20, but traders are cautioned to be aware of potential downside risks.

The market is currently bullish, but technical indicators suggest a correction may be needed. Analysts point to $9.83, $8.28, and $7.25 as key support levels.
A bullish crossover between the 100-day and 200-day exponential moving averages suggests buying pressure, while a spike in the Relative Strength Index suggests the market may be overbought.
ICP maintains its position among the top cryptocurrencies, and its recent performance highlights investor enthusiasm and market volatility, marking a key moment in its development.

#鴉快訊 $ICP
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[Ethereum’s integration in the enterprise industry: latest FSS survey results] The Ethereum Enterprise Alliance's (EEA) latest assessment of the enterprise use of the Ethereum public core network has brought excitement to the blockchain technology and cryptocurrency industry. This report reveals key aspects of Ethereum’s ability to meet the needs of large enterprises. The EEA’s preliminary assessment believes that, despite reservations, Ethereum is ready for enterprise use. The latest report is more optimistic, highlighting Ethereum’s advantages in a strong ecosystem, security, and decentralization. But the importance of public blockchains to financial services companies seeking global distribution appears to be underestimated. Global financial institutions such as SWIFT, Standard Chartered Bank, HSBC, Citibank, UBS and JP Morgan are exploring the use of public blockchains. Ethereum’s “merged” upgrade to Proof-of-Stake (PoS) was in response to environmental concerns, although PoS also has its shortcomings. Two of the biggest challenges facing Ethereum are privacy and scalability. The use of Layer2 has grown significantly, solving scalability and cost issues, but also introducing fragmentation and complexity. Bridge technology enables Layer 2 interoperability, which may be more secure than cross-chain bridges. Ethereum also plans to further solve scalability issues through sharding technology. Although many enterprises choose private blockchains, privacy concerns are being addressed as zero-knowledge proofs and other privacy-enhancing technologies become more widely used. Paul Brody of EY noted that the blockchain industry has grown to the point where it cannot return to growth rates of 100% to 200% per year. He emphasized that this is a multi-decade project and expectations need to be adjusted accordingly. While Ethereum faces challenges around privacy, scalability, and centralization, its continued improvements demonstrate its potential to change the way businesses interact with blockchain technology. Understanding that this is a long-term technological and financial shift that will continue to evolve and adapt based on market and social needs is key. #鴉快訊 $ETH
[Ethereum’s integration in the enterprise industry: latest FSS survey results]
The Ethereum Enterprise Alliance's (EEA) latest assessment of the enterprise use of the Ethereum public core network has brought excitement to the blockchain technology and cryptocurrency industry. This report reveals key aspects of Ethereum’s ability to meet the needs of large enterprises.
The EEA’s preliminary assessment believes that, despite reservations, Ethereum is ready for enterprise use. The latest report is more optimistic, highlighting Ethereum’s advantages in a strong ecosystem, security, and decentralization. But the importance of public blockchains to financial services companies seeking global distribution appears to be underestimated.

Global financial institutions such as SWIFT, Standard Chartered Bank, HSBC, Citibank, UBS and JP Morgan are exploring the use of public blockchains. Ethereum’s “merged” upgrade to Proof-of-Stake (PoS) was in response to environmental concerns, although PoS also has its shortcomings.
Two of the biggest challenges facing Ethereum are privacy and scalability. The use of Layer2 has grown significantly, solving scalability and cost issues, but also introducing fragmentation and complexity. Bridge technology enables Layer 2 interoperability, which may be more secure than cross-chain bridges.

Ethereum also plans to further solve scalability issues through sharding technology. Although many enterprises choose private blockchains, privacy concerns are being addressed as zero-knowledge proofs and other privacy-enhancing technologies become more widely used.
Paul Brody of EY noted that the blockchain industry has grown to the point where it cannot return to growth rates of 100% to 200% per year. He emphasized that this is a multi-decade project and expectations need to be adjusted accordingly.
While Ethereum faces challenges around privacy, scalability, and centralization, its continued improvements demonstrate its potential to change the way businesses interact with blockchain technology. Understanding that this is a long-term technological and financial shift that will continue to evolve and adapt based on market and social needs is key.

#鴉快訊 $ETH
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[Years of high greed are flooding into the cryptocurrency market again; why does this matter? 】 In recent market conditions, multiple cryptocurrency prices have surged, and market greed has returned to 2021 levels, reaching multi-year highs. Investors and traders generally believe that a bull market has begun and are looking forward to 2024. The Fear & Greed Index provides valuable insights into overall market sentiment through technical indicators. Typically, fear rises with bear market indicators and low momentum and high selling pressure, while greed sets in with strong momentum and increasing demand. However, extreme fear usually indicates that the market is "oversold," while extreme greed may indicate that the market is "overbought." These two extreme states can trigger trend and sentiment reversals. Cryptocurrency greed is back to 2021 levels. According to the Alternative Index, “greed” in the crypto market reached a multi-year high of 74 on November 30 and remained at 73 as of December 9. This level of greed was seen during the 2021 bull run, and before that, the Crypto Fear & Greed Index reached these levels in early August 2020. Judging from the chart, the index fluctuates greatly, and isolated peaks do not directly indicate a bull market. But when greed or fear persists in a specific zone, its correlation is highlighted by more reliable indicators. Compared with the situation in 2020 and 2021, the crypto market may once again be dominated by "fear", followed by a higher level of "greed". Taken together, this multi-year high reflects the current sentiment among many cryptocurrency investors. With the total cryptocurrency market capitalization currently at $1.6 trillion, according to TradingView’s index, traders are anticipating the arrival of altcoin season. Finally, if capital inflows remain stable and momentum is strong, prices may continue to climb higher in the coming days. However, if greed rises too quickly and too much, the market may experience a correction. #鴉快訊
[Years of high greed are flooding into the cryptocurrency market again; why does this matter? 】
In recent market conditions, multiple cryptocurrency prices have surged, and market greed has returned to 2021 levels, reaching multi-year highs. Investors and traders generally believe that a bull market has begun and are looking forward to 2024.
The Fear & Greed Index provides valuable insights into overall market sentiment through technical indicators. Typically, fear rises with bear market indicators and low momentum and high selling pressure, while greed sets in with strong momentum and increasing demand.
However, extreme fear usually indicates that the market is "oversold," while extreme greed may indicate that the market is "overbought." These two extreme states can trigger trend and sentiment reversals.

Cryptocurrency greed is back to 2021 levels. According to the Alternative Index, “greed” in the crypto market reached a multi-year high of 74 on November 30 and remained at 73 as of December 9.
This level of greed was seen during the 2021 bull run, and before that, the Crypto Fear & Greed Index reached these levels in early August 2020.
Judging from the chart, the index fluctuates greatly, and isolated peaks do not directly indicate a bull market. But when greed or fear persists in a specific zone, its correlation is highlighted by more reliable indicators.

Compared with the situation in 2020 and 2021, the crypto market may once again be dominated by "fear", followed by a higher level of "greed".
Taken together, this multi-year high reflects the current sentiment among many cryptocurrency investors. With the total cryptocurrency market capitalization currently at $1.6 trillion, according to TradingView’s index, traders are anticipating the arrival of altcoin season.
Finally, if capital inflows remain stable and momentum is strong, prices may continue to climb higher in the coming days. However, if greed rises too quickly and too much, the market may experience a correction.

#鴉快訊
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[Solana and Avalanche soar, approaching BNB and Ethereum] After the crypto market experienced the collapse of the Terra blockchain and the failure of FTX, Solana (SOL) and Avalanche (AVAX) suffered heavy losses against the US dollar, briefly falling out of the top ten tokens. However, they have now made a strong comeback, with SOL jumping to fifth place, overtaking XRP, while AVAX is in ninth place, excluding Lido’s STETH. Since the start of 2023, both SOL and AVAX have experienced impressive triple-digit growth. Solana is up 734% since January 1 and Avalanche is up 306%, with 104% of that growth occurring in the most recent month. Currently, Solana is only $4.04 billion away from becoming the fourth largest crypto asset by market capitalization, closely following BNB, but still has a $227.6 billion gap in market capitalization from Ethereum. SOL is currently trading 68.20% below its high of $259 (November 6, 2021). It's a similar story for AVAX, which is 69.6% below its peak price of $144 on November 21, 2011. In the market capitalization ranking of smart contract platform tokens, SOL and AVAX rank third and fifth respectively. Both tokens have performed well among the top ten smart contract platform tokens over the past week. The remarkable comebacks of Solana and Avalanche demonstrate the dynamic nature of the cryptocurrency market, proving that even with setbacks, there are still opportunities to challenge major contenders such as BNB, ADA, and XRP. #鴉快訊 $SOL $AVAX
[Solana and Avalanche soar, approaching BNB and Ethereum]
After the crypto market experienced the collapse of the Terra blockchain and the failure of FTX, Solana (SOL) and Avalanche (AVAX) suffered heavy losses against the US dollar, briefly falling out of the top ten tokens. However, they have now made a strong comeback, with SOL jumping to fifth place, overtaking XRP, while AVAX is in ninth place, excluding Lido’s STETH.
Since the start of 2023, both SOL and AVAX have experienced impressive triple-digit growth. Solana is up 734% since January 1 and Avalanche is up 306%, with 104% of that growth occurring in the most recent month.

Currently, Solana is only $4.04 billion away from becoming the fourth largest crypto asset by market capitalization, closely following BNB, but still has a $227.6 billion gap in market capitalization from Ethereum. SOL is currently trading 68.20% below its high of $259 (November 6, 2021).
It's a similar story for AVAX, which is 69.6% below its peak price of $144 on November 21, 2011.

In the market capitalization ranking of smart contract platform tokens, SOL and AVAX rank third and fifth respectively. Both tokens have performed well among the top ten smart contract platform tokens over the past week.
The remarkable comebacks of Solana and Avalanche demonstrate the dynamic nature of the cryptocurrency market, proving that even with setbacks, there are still opportunities to challenge major contenders such as BNB, ADA, and XRP.

#鴉快訊 $SOL $AVAX
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[Chainlink (LINK) Targets $20 As Funding Rates Bullish] Chainlink (LINK) has performed well since the beginning of the year, doubling in value. In recent hours, the crypto asset hit a new yearly high of $17, its highest level since April 2022. The rising price of LINK signals that investors may have more good news, with multiple indicators pointing to continued growth in demand for the asset. In addition to the current bullish momentum, several other indicators are supporting LINK's growth. First, Chainlink’s newly launched v.0.2 community staking pool received an overwhelming response, with a total of 40,875,000 LINK locked. This shows continued interest in LINK ahead of v.0.2 staking opening to general users on December 11. As LINK holders prepare for this critical event, the price of LINK is likely to increase even further. Another indicator that is favorable for LINK price is the positive funding rate on the trading platform. It is worth mentioning that the LINK/USDT perpetual contract funding rate on the Binance platform recently increased to 0.0658%. A positive funding rate means that traders with long positions pay interest to those with short positions to maintain their positions in anticipation that the price will rise. This trend shows that traders are willing to pay interest to ensure not to miss out on any possible LINK price increases. Meanwhile, open interest in the asset has increased by 28% during that time, with over 65% of traders holding long positions. Overall, trading sentiment for LINK and the broader crypto market remains bullish, setting the stage for further growth in LINK’s future. #鴉快訊 $LINK
[Chainlink (LINK) Targets $20 As Funding Rates Bullish]
Chainlink (LINK) has performed well since the beginning of the year, doubling in value. In recent hours, the crypto asset hit a new yearly high of $17, its highest level since April 2022.
The rising price of LINK signals that investors may have more good news, with multiple indicators pointing to continued growth in demand for the asset.

In addition to the current bullish momentum, several other indicators are supporting LINK's growth. First, Chainlink’s newly launched v.0.2 community staking pool received an overwhelming response, with a total of 40,875,000 LINK locked.
This shows continued interest in LINK ahead of v.0.2 staking opening to general users on December 11. As LINK holders prepare for this critical event, the price of LINK is likely to increase even further.

Another indicator that is favorable for LINK price is the positive funding rate on the trading platform. It is worth mentioning that the LINK/USDT perpetual contract funding rate on the Binance platform recently increased to 0.0658%.
A positive funding rate means that traders with long positions pay interest to those with short positions to maintain their positions in anticipation that the price will rise. This trend shows that traders are willing to pay interest to ensure not to miss out on any possible LINK price increases.
Meanwhile, open interest in the asset has increased by 28% during that time, with over 65% of traders holding long positions. Overall, trading sentiment for LINK and the broader crypto market remains bullish, setting the stage for further growth in LINK’s future.

#鴉快訊 $LINK
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[Despite legal issues, XRP overtakes Ethereum in 2023] In 2023, XRP, one of the important altcoins in the cryptocurrency world, has experienced a journey full of twists and turns. This year, XRP’s market performance was affected by a number of major events, especially the ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC). XRP has performed well in the face of regulatory uncertainty and legal challenges, with prices rising sharply throughout the year, even surpassing Ethereum (ETH), underscoring the allure of this investor-favorite altcoin. On December 6, Cryptoes, a well-known cryptocurrency technical analysis expert on X, revealed a key piece of information: XRP will outperform Ethereum in 2023. His chart on TradingView shows XRP is up more than 116% this year, or $0.33 more, while ETH is up 91.9%. Cryptoes believes that while XRP is still some way off Ethereum’s market capitalization, the crypto asset may be embarking on a new long-term upward trend. In a comment on a Cryptoes post, an X user suggested that XRP's price action may be forming a cup-and-handle pattern, which is often seen as a bullish sign. Cryptoes confirms this view. This pattern consists of a circular base (the "cup") and a period of consolidation (the "handle"). Technical analysts generally view this as a bullish sign, suggesting that the asset price may experience a significant rise following the formation of the handle. As of December 7, XRP was trading at $0.64, down 0.4% on the day. The cryptocurrency has gained more than 4.7% over the past week, but is down 10.8% on the month. #鴉快訊 $XRP
[Despite legal issues, XRP overtakes Ethereum in 2023]
In 2023, XRP, one of the important altcoins in the cryptocurrency world, has experienced a journey full of twists and turns.
This year, XRP’s market performance was affected by a number of major events, especially the ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC).
XRP has performed well in the face of regulatory uncertainty and legal challenges, with prices rising sharply throughout the year, even surpassing Ethereum (ETH), underscoring the allure of this investor-favorite altcoin.

On December 6, Cryptoes, a well-known cryptocurrency technical analysis expert on X, revealed a key piece of information: XRP will outperform Ethereum in 2023. His chart on TradingView shows XRP is up more than 116% this year, or $0.33 more, while ETH is up 91.9%.
Cryptoes believes that while XRP is still some way off Ethereum’s market capitalization, the crypto asset may be embarking on a new long-term upward trend.

In a comment on a Cryptoes post, an X user suggested that XRP's price action may be forming a cup-and-handle pattern, which is often seen as a bullish sign. Cryptoes confirms this view.
This pattern consists of a circular base (the "cup") and a period of consolidation (the "handle"). Technical analysts generally view this as a bullish sign, suggesting that the asset price may experience a significant rise following the formation of the handle.
As of December 7, XRP was trading at $0.64, down 0.4% on the day. The cryptocurrency has gained more than 4.7% over the past week, but is down 10.8% on the month.

#鴉快訊 $XRP
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[The smart whale switches buying mode again: this is the altcoin he purchased and his transaction! 】 Investors are divided as Bitcoin (BTC) and other cryptocurrencies start the week with a sharp correction. Some investors were uneasy about the decline and chose to wait and see, while others saw it as a buying opportunity and jumped into the market. At this juncture, Lookonchain notes that a major trader who specializes in swing trading made a move to buy Ethereum. According to reports, the large investor had deposited $55 million in USDT into Binance earlier today in preparation for purchasing ETH. Lookonchain said: “A savvy major deposited $55 million in USDT into Binance today, most likely to purchase ETH. This big trader performed well on ETH swing trading, selling 25,700 ETH on November 9th. About a month after his last sale, he started buying ETH again in the recently falling market. " #鴉快訊 $ETH
[The smart whale switches buying mode again: this is the altcoin he purchased and his transaction! 】
Investors are divided as Bitcoin (BTC) and other cryptocurrencies start the week with a sharp correction.
Some investors were uneasy about the decline and chose to wait and see, while others saw it as a buying opportunity and jumped into the market.
At this juncture, Lookonchain notes that a major trader who specializes in swing trading made a move to buy Ethereum.

According to reports, the large investor had deposited $55 million in USDT into Binance earlier today in preparation for purchasing ETH.
Lookonchain said: “A savvy major deposited $55 million in USDT into Binance today, most likely to purchase ETH.
This big trader performed well on ETH swing trading, selling 25,700 ETH on November 9th.
About a month after his last sale, he started buying ETH again in the recently falling market. "

#鴉快訊 $ETH
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[Optimism (OP) Hits New ATH, Target Surges 62% to $6] Optimism (OP) has been trading within an ascending parallel channel since its launch in May 2022. Well-known market analyst Ali Martinez published an article on X predicting a 62% growth in OP price to reach a new high of $6. Since last May, OP prices have shown diverse reactions in different market conditions. Especially in mid-June last year, affected by the Terra crash, the OP price fell to a record low of $0.396. OP then staged a rebound, achieving a whopping 466% gain in August 2022, reaching $2.243. The price then pulled back a bit, but climbed back up to $3.29 in February 2023. Ali’s data shows that OP has been trading within an ascending parallel channel since last May, with its highs and lows continuing to rise. Analysts pointed out that OP is currently in a price discovery phase, and the market is actively evaluating its value, which may be accompanied by increased volatility. Analysts stress that OP’s uptrend will continue to dominate its price action. Since last October, OP has broken above the midline of the parallel channel and recently hit a new high of $4.13. Ali forecasts OP’s next price target of $6, implying a 62% upside. Currently, OP holds steady at the support level of $3.698 and despite losing 4% today, 24-hour trading volume increased by 30% to $970,055,817, making it the 15th most traded cryptocurrency on the market. #鴉快訊 $OP
[Optimism (OP) Hits New ATH, Target Surges 62% to $6]
Optimism (OP) has been trading within an ascending parallel channel since its launch in May 2022. Well-known market analyst Ali Martinez published an article on X predicting a 62% growth in OP price to reach a new high of $6.
Since last May, OP prices have shown diverse reactions in different market conditions. Especially in mid-June last year, affected by the Terra crash, the OP price fell to a record low of $0.396. OP then staged a rebound, achieving a whopping 466% gain in August 2022, reaching $2.243. The price then pulled back a bit, but climbed back up to $3.29 in February 2023.

Ali’s data shows that OP has been trading within an ascending parallel channel since last May, with its highs and lows continuing to rise. Analysts pointed out that OP is currently in a price discovery phase, and the market is actively evaluating its value, which may be accompanied by increased volatility.
Analysts stress that OP’s uptrend will continue to dominate its price action. Since last October, OP has broken above the midline of the parallel channel and recently hit a new high of $4.13. Ali forecasts OP’s next price target of $6, implying a 62% upside.
Currently, OP holds steady at the support level of $3.698 and despite losing 4% today, 24-hour trading volume increased by 30% to $970,055,817, making it the 15th most traded cryptocurrency on the market.

#鴉快訊 $OP
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["By 2030, digital wallets will reach approximately 5.6 billion" Digital Wallet Revolution] The future of digital wallets was the focus of lively discussion at the 2023 London Finance Summit. Sandra Mianda, founder and CEO of Paypr.work, and David Tirando Blanco, vice president of Revolut, discuss the development, current situation, and future trends of digital wallets. Sandra emphasized the rapid growth of digital wallets, which are expected to have more than 4.4 billion users worldwide by 2025 and reach approximately 5.6 billion in 2030, accounting for 65% of the global population. She pointed out that digital wallets have transformed from simple financial instruments to complex systems that are indispensable in modern finance. David focuses on the expansion of digital wallet functions, how to transform from basic payment functions to comprehensive services that enhance customer experience and provide financial insights. He also explains the differences between open, semi-closed and closed wallets. The discussion also touched on the growing interoperability between digital wallets and how initiatives such as Visa+ can facilitate seamless connectivity between different platforms. Looking ahead, Sandra and David agree that artificial intelligence and government-led initiatives will profoundly impact the digital wallet industry. David foresees digital wallets integrating administrative tasks and digital identity functions. In addition, the challenges and opportunities facing digital wallets are also a focus of discussion, especially the competition and innovation needs from large technology companies. Digital wallets are regarded as a key component of the future financial ecosystem and have the potential to become a comprehensive platform that meets diverse consumer needs. All in all, digital wallets have become increasingly prominent in the financial technology industry, and as technology advances and market demands change, they will continue to play an important role in shaping the future of finance. #鴉快訊 #數位錢包
["By 2030, digital wallets will reach approximately 5.6 billion" Digital Wallet Revolution]
The future of digital wallets was the focus of lively discussion at the 2023 London Finance Summit. Sandra Mianda, founder and CEO of Paypr.work, and David Tirando Blanco, vice president of Revolut, discuss the development, current situation, and future trends of digital wallets.

Sandra emphasized the rapid growth of digital wallets, which are expected to have more than 4.4 billion users worldwide by 2025 and reach approximately 5.6 billion in 2030, accounting for 65% of the global population. She pointed out that digital wallets have transformed from simple financial instruments to complex systems that are indispensable in modern finance.
David focuses on the expansion of digital wallet functions, how to transform from basic payment functions to comprehensive services that enhance customer experience and provide financial insights. He also explains the differences between open, semi-closed and closed wallets.

The discussion also touched on the growing interoperability between digital wallets and how initiatives such as Visa+ can facilitate seamless connectivity between different platforms. Looking ahead, Sandra and David agree that artificial intelligence and government-led initiatives will profoundly impact the digital wallet industry. David foresees digital wallets integrating administrative tasks and digital identity functions.
In addition, the challenges and opportunities facing digital wallets are also a focus of discussion, especially the competition and innovation needs from large technology companies. Digital wallets are regarded as a key component of the future financial ecosystem and have the potential to become a comprehensive platform that meets diverse consumer needs.
All in all, digital wallets have become increasingly prominent in the financial technology industry, and as technology advances and market demands change, they will continue to play an important role in shaping the future of finance.

#鴉快訊 #數位錢包
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[Solana’s Searing Rally Shows Ethereum Has a Formidable Competitor] Solana (SOL) has stirred up a frenzy in 2021 for promising to solve core problems with the Ethereum (ETH) blockchain, being seen as a faster, lower-cost transaction processing platform and considered a step forward for decentralized finance (DeFi). ) and other smart contract activities. However, in 2022, the tables have turned, and the outlook for Solana and most cryptocurrencies looks bleak. Solana, which is closely tied to SBF, and its SOL token fell below $10. When SBF faces trial in October 2022, SOL's price climbs back into the mid-$20s. Then, suddenly, Solana and the SOL token came into focus, surpassing $100 for the first time and reaching a market capitalization of $47 billion, making it the fifth-largest cryptocurrency, and even jumped to third this week. Danny Nelson pointed out that although Ethereum is still the Layer 1 leader in the cornerstone of DeFi, according to data from DefiLlama, the total locked value of Ethereum far exceeds Solana’s $1.5 billion. However, recent developments suggest that Solana is now a serious competitor. #鴉快訊 $SOL
[Solana’s Searing Rally Shows Ethereum Has a Formidable Competitor]
Solana (SOL) has stirred up a frenzy in 2021 for promising to solve core problems with the Ethereum (ETH) blockchain, being seen as a faster, lower-cost transaction processing platform and considered a step forward for decentralized finance (DeFi). ) and other smart contract activities.

However, in 2022, the tables have turned, and the outlook for Solana and most cryptocurrencies looks bleak. Solana, which is closely tied to SBF, and its SOL token fell below $10. When SBF faces trial in October 2022, SOL's price climbs back into the mid-$20s. Then, suddenly, Solana and the SOL token came into focus, surpassing $100 for the first time and reaching a market capitalization of $47 billion, making it the fifth-largest cryptocurrency, and even jumped to third this week.

Danny Nelson pointed out that although Ethereum is still the Layer 1 leader in the cornerstone of DeFi, according to data from DefiLlama, the total locked value of Ethereum far exceeds Solana’s $1.5 billion. However, recent developments suggest that Solana is now a serious competitor.

#鴉快訊 $SOL
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[JP Morgan and DBS choose Polygon PoS to tokenize Singapore assets] BlackRock CEO Larry Fink recently called the latest ETF approval an important step toward tokenization, highlighting the trend’s growing momentum. There are several institutions on the Polygon network actively participating in this shift, including well-known funds such as Brevan Howard and Hamilton Lane. These institutions have partnered with Libre Capital to launch Libre on Polygon’s CDK to provide services on a real-world asset (RWA) chain specifically for select investors and asset managers. This reflects growing demand for tokenized investment funds. Larry Fink told CNBC on Friday that the recent ETF approval is an important milestone in the tokenization process. Institutional participation in the trend began last January when Hamilton Lane chose to use Securitize’s tokenization platform on Polygon PoS. In April, FTI_US became the first U.S.-registered shared fund to tokenize its OnChain U.S. Government Money Market Fund (FOBXX) on Polygon PoS. In November 2022, JPMorgan and DBS Bank Singapore selected Polygon PoS to tokenize Singapore government securities and currencies in partnership with Project Guardian. Tokenization on public blockchains has become a reality and has gained real institutional acceptance. Polygon PoS has become the preferred platform for institutions, connecting Web3 and traditional finance. Polygon Labs recently updated Polygon zkEVM with demonstrations moving to Mainnet Beta Phase 2. zkEVM uses zero-knowledge proof to improve transaction efficiency and processes transactions off-chain through zk-Rollups. Additionally, Polygon’s NFT ecosystem has grown significantly in the early months of 2024, with over $36 million in NFT sales in a single week. MATIC price has undergone a correction and currently has a market capitalization of $8.12 billion. The decrease in MATIC supply on exchanges is a positive sign. #鴉快訊 $MATIC
[JP Morgan and DBS choose Polygon PoS to tokenize Singapore assets]
BlackRock CEO Larry Fink recently called the latest ETF approval an important step toward tokenization, highlighting the trend’s growing momentum. There are several institutions on the Polygon network actively participating in this shift, including well-known funds such as Brevan Howard and Hamilton Lane.
These institutions have partnered with Libre Capital to launch Libre on Polygon’s CDK to provide services on a real-world asset (RWA) chain specifically for select investors and asset managers. This reflects growing demand for tokenized investment funds.

Larry Fink told CNBC on Friday that the recent ETF approval is an important milestone in the tokenization process. Institutional participation in the trend began last January when Hamilton Lane chose to use Securitize’s tokenization platform on Polygon PoS.
In April, FTI_US became the first U.S.-registered shared fund to tokenize its OnChain U.S. Government Money Market Fund (FOBXX) on Polygon PoS. In November 2022, JPMorgan and DBS Bank Singapore selected Polygon PoS to tokenize Singapore government securities and currencies in partnership with Project Guardian.

Tokenization on public blockchains has become a reality and has gained real institutional acceptance. Polygon PoS has become the preferred platform for institutions, connecting Web3 and traditional finance.
Polygon Labs recently updated Polygon zkEVM with demonstrations moving to Mainnet Beta Phase 2. zkEVM uses zero-knowledge proof to improve transaction efficiency and processes transactions off-chain through zk-Rollups.
Additionally, Polygon’s NFT ecosystem has grown significantly in the early months of 2024, with over $36 million in NFT sales in a single week. MATIC price has undergone a correction and currently has a market capitalization of $8.12 billion. The decrease in MATIC supply on exchanges is a positive sign.

#鴉快訊 $MATIC
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[Three privacy-focused Ethereum Layer 2s will emerge in 2024] Several crypto startups are working on developing privacy-focused Ethereum Layer2 solutions. In the current Ethereum system, transactions and smart contract execution are all public. Although this enhances transparency and trust, it also exposes transaction details, making it vulnerable to malicious attacks. To this end, these companies are trying to find a balance to protect user privacy while guarding against potential illegal activities. Here are several teams working on building privacy-centric Layer 2: 1. Aztec: Aztec is an Ethereum privacy layer that uses zkSNARKs technology and its own programming language Noir to provide users with private transfer services. Aztec combines private and public execution in a zk rollup, allowing users to encrypt transactions themselves before the blockchain processes them. Aztec recently launched the Aztec Sandbox testing environment and plans to launch a testnet early next year. 2. Fhenix: Fhenix hopes to integrate fully homomorphic encryption (FHE) technology into smart contracts. Compared to zero-knowledge technologies, FHE allows calculations to be performed directly on encrypted data without the need for the data to move off-chain. Fhenix launched a developer testnet in July and plans to fully launch FHE Rollup’s testnet in early 2024. 3. COTI: COTI is a privacy Layer2 solution built on Ethereum. It uses encrypted circuit technology to enable private transactions, allowing different parties to evaluate information in a trustless environment. COTI plans to launch the developer testnet V2 in the second quarter of 2024, and its mainnet will be launched soon. #鴉快訊 #Layer2
[Three privacy-focused Ethereum Layer 2s will emerge in 2024]
Several crypto startups are working on developing privacy-focused Ethereum Layer2 solutions. In the current Ethereum system, transactions and smart contract execution are all public. Although this enhances transparency and trust, it also exposes transaction details, making it vulnerable to malicious attacks. To this end, these companies are trying to find a balance to protect user privacy while guarding against potential illegal activities.

Here are several teams working on building privacy-centric Layer 2:

1. Aztec: Aztec is an Ethereum privacy layer that uses zkSNARKs technology and its own programming language Noir to provide users with private transfer services. Aztec combines private and public execution in a zk rollup, allowing users to encrypt transactions themselves before the blockchain processes them. Aztec recently launched the Aztec Sandbox testing environment and plans to launch a testnet early next year.

2. Fhenix: Fhenix hopes to integrate fully homomorphic encryption (FHE) technology into smart contracts. Compared to zero-knowledge technologies, FHE allows calculations to be performed directly on encrypted data without the need for the data to move off-chain. Fhenix launched a developer testnet in July and plans to fully launch FHE Rollup’s testnet in early 2024.

3. COTI: COTI is a privacy Layer2 solution built on Ethereum. It uses encrypted circuit technology to enable private transactions, allowing different parties to evaluate information in a trustless environment. COTI plans to launch the developer testnet V2 in the second quarter of 2024, and its mainnet will be launched soon.

#鴉快訊 #Layer2
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[opBNB achieves user milestones with extremely low transaction costs] opBNB has achieved significant success in the blockchain industry, setting a new standard for user engagement and cost-effectiveness by setting a record of over 950,000 daily active users and a total gas fee of only 5 BNB (approximately $1,500). This not only demonstrates its growing popularity and solid infrastructure, but also highlights the scalability and efficiency of its network, establishing itself as a leader in affordable blockchain services. In addition, opBNB’s low transaction costs are eye-catching, and its innovative blockchain architecture effectively reduces user costs. Compared with other networks, its cost-effectiveness is surprising. This promotes wider exposure to blockchain technology and more active online transactions, laying the foundation for building a healthy and dynamic ecosystem. The progress of opBNB is not only a major milestone for the platform, but also a turning point for the blockchain industry. It sets a new standard of achievability through high user participation and low transaction costs, prompting other players in the industry to rethink their strategies. This demonstrates the huge potential of blockchain technology when applied correctly, and heralds a more scalable, efficient, inclusive and affordable blockchain future. #鴉快訊 #内容挖矿 $BNB
[opBNB achieves user milestones with extremely low transaction costs]
opBNB has achieved significant success in the blockchain industry, setting a new standard for user engagement and cost-effectiveness by setting a record of over 950,000 daily active users and a total gas fee of only 5 BNB (approximately $1,500). This not only demonstrates its growing popularity and solid infrastructure, but also highlights the scalability and efficiency of its network, establishing itself as a leader in affordable blockchain services.

In addition, opBNB’s low transaction costs are eye-catching, and its innovative blockchain architecture effectively reduces user costs. Compared with other networks, its cost-effectiveness is surprising. This promotes wider exposure to blockchain technology and more active online transactions, laying the foundation for building a healthy and dynamic ecosystem.
The progress of opBNB is not only a major milestone for the platform, but also a turning point for the blockchain industry. It sets a new standard of achievability through high user participation and low transaction costs, prompting other players in the industry to rethink their strategies. This demonstrates the huge potential of blockchain technology when applied correctly, and heralds a more scalable, efficient, inclusive and affordable blockchain future.

#鴉快訊 #内容挖矿 $BNB
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[The Sandbox aims to make India the largest market] Virtual world gaming platform The Sandbox plans to make India its largest market within two years. The Animoca Brands unit expanded into India this year with its first local joint venture. Sebastien Borget, co-founder of The Sandbox, said in an interview with CoinDesk in Bangalore, India this month that The Sandbox hopes to build a diverse and inclusive world that connects all regions around the world. Its joint venture, launched in February 2023 by The Sandbox and global venture accelerator Brinc, creates a cultural virtual world hub called BharatBox, covering India's renowned Bollywood film industry. Karan Keswani, CEO of BharatBox, said that BharatBox is the Indian entity of The Sandbox and aims to establish the Indian territory BharatVerse on The Sandbox map. Although India’s cryptocurrency regulations are unclear, The Sandbox still has ambitions to enter the Indian market. Borget said they are willing to work with regulators to discuss the industry. In the past six months, BharatBox has signed agreements with 25 Indian partners, including Indian film entertainment companies such as Eros Entertainment, Hungama and Shemaroo. Keswani is particularly optimistic about the partnership with Indian exchange CoinDCX, which he expects will make India the largest market for The Sandbox. Keswani pointed out that the partnership with CoinDCX and Web3 wallet Okto will reach 16 million users, far exceeding The Sandbox’s 5 million wallet users worldwide. Their goal is to attract 3 to 4 million gamers within 24 months. Neeraj Khandelwal, co-founder of CoinDCX and Okto, said they are excited to collaborate with players from the top virtual worlds and gaming ecosystems. BharatBox is also working to bring in Animoca Brands’ broader product portfolio, offering other Web3 solutions like ticketing and blockchain gaming. A recent project was to bring the Indian epic Mahabharata into the virtual world. #鴉快訊 $SAND
[The Sandbox aims to make India the largest market]
Virtual world gaming platform The Sandbox plans to make India its largest market within two years. The Animoca Brands unit expanded into India this year with its first local joint venture.
Sebastien Borget, co-founder of The Sandbox, said in an interview with CoinDesk in Bangalore, India this month that The Sandbox hopes to build a diverse and inclusive world that connects all regions around the world. Its joint venture, launched in February 2023 by The Sandbox and global venture accelerator Brinc, creates a cultural virtual world hub called BharatBox, covering India's renowned Bollywood film industry.

Karan Keswani, CEO of BharatBox, said that BharatBox is the Indian entity of The Sandbox and aims to establish the Indian territory BharatVerse on The Sandbox map.
Although India’s cryptocurrency regulations are unclear, The Sandbox still has ambitions to enter the Indian market. Borget said they are willing to work with regulators to discuss the industry.
In the past six months, BharatBox has signed agreements with 25 Indian partners, including Indian film entertainment companies such as Eros Entertainment, Hungama and Shemaroo. Keswani is particularly optimistic about the partnership with Indian exchange CoinDCX, which he expects will make India the largest market for The Sandbox.

Keswani pointed out that the partnership with CoinDCX and Web3 wallet Okto will reach 16 million users, far exceeding The Sandbox’s 5 million wallet users worldwide. Their goal is to attract 3 to 4 million gamers within 24 months.
Neeraj Khandelwal, co-founder of CoinDCX and Okto, said they are excited to collaborate with players from the top virtual worlds and gaming ecosystems.
BharatBox is also working to bring in Animoca Brands’ broader product portfolio, offering other Web3 solutions like ticketing and blockchain gaming. A recent project was to bring the Indian epic Mahabharata into the virtual world.

#鴉快訊 $SAND
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[What happened to the IOTA cryptocurrency price? 】 The IOTA token put on a stunning performance this week, surging to a high of $0.29, its highest level since November last year, and surging more than 83% since its 2023 nadir. There are three main reasons behind IOTA becoming one of the best-performing cryptocurrencies this week. First, its upward trend is consistent with the performance of the overall crypto market, especially after Bitcoin broke through $38,900 on Friday to reach an 18-month high. Bitcoin continues to rise as expectations for a spot Bitcoin ETF heat up, with companies such as Blackrock, Invesco and Franklin Templeton filing applications. Secondly, the market generally expects the Federal Reserve to start cutting interest rates in the first half of 2024. In a major statement this week, Bill Ackman predicted that the Federal Reserve will begin cutting interest rates in the first quarter. Ackman's many predictions about the Fed and the bond market this year have been spot on. Another boost for IOTA came from Abu Dhabi, where the IOTA Foundation secured registration from ADGM, becoming the first organization in the country to receive a Distributed Ledger Technology (DLT) registration. As part of the registration, the foundation will invest $100 million in IOTA tokens in installments over the next four years, which is a huge amount of money for IOTA, which has a market capitalization of over $830 million. Additionally, IOTA’s open interest in the futures market reached an all-time high of over $43 million, surpassing the previous record in October 2021, according to CoinGlass data. Open interest is an important indicator of outstanding orders in the futures market, with high numbers indicating strong demand for the asset. #鴉快訊 $IOTA
[What happened to the IOTA cryptocurrency price? 】
The IOTA token put on a stunning performance this week, surging to a high of $0.29, its highest level since November last year, and surging more than 83% since its 2023 nadir.
There are three main reasons behind IOTA becoming one of the best-performing cryptocurrencies this week. First, its upward trend is consistent with the performance of the overall crypto market, especially after Bitcoin broke through $38,900 on Friday to reach an 18-month high. Bitcoin continues to rise as expectations for a spot Bitcoin ETF heat up, with companies such as Blackrock, Invesco and Franklin Templeton filing applications.

Secondly, the market generally expects the Federal Reserve to start cutting interest rates in the first half of 2024. In a major statement this week, Bill Ackman predicted that the Federal Reserve will begin cutting interest rates in the first quarter. Ackman's many predictions about the Fed and the bond market this year have been spot on.
Another boost for IOTA came from Abu Dhabi, where the IOTA Foundation secured registration from ADGM, becoming the first organization in the country to receive a Distributed Ledger Technology (DLT) registration. As part of the registration, the foundation will invest $100 million in IOTA tokens in installments over the next four years, which is a huge amount of money for IOTA, which has a market capitalization of over $830 million.

Additionally, IOTA’s open interest in the futures market reached an all-time high of over $43 million, surpassing the previous record in October 2021, according to CoinGlass data. Open interest is an important indicator of outstanding orders in the futures market, with high numbers indicating strong demand for the asset.

#鴉快訊 $IOTA
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[Bitcoin bulls hold firm at weekly close: Bitcoin price target at $39,300] Recently, Bitcoin has remained stable over the weekend, lacking the typical large swings. Although Bitcoin hit an 18-month high in recent days, there was no significant price movement ahead of the weekend's close, according to Cointelegraph Markets Pro and TradingView. Prominent trader and analyst Credible Crypto observed that buyers actively absorbed selling pressure as Bitcoin approached its local highs. In addition, open interest in derivatives financial products markets remains low, coupled with stable spot demand, paving the way for further gains in Bitcoin. Credible Crypto posted on Market commentator Crypto Titan is equally optimistic about Bitcoin’s near-term prospects. Using the Ichimoku Cloud indicator for analysis, he discovered that Bitcoin had a rare breakout of its key components on the weekly chart. Crypto Titan notes that Ichimoku’s Chikou (Lagging Span), based on data from 26 weeks ago, is now above price and at the very top of Kumo Cloud. Combined with the new uptrend exhibited by Tenkan-sen and Kijun-sen, this situation is extremely favorable for further Bitcoin price increases. He concluded in an X comment on November 25: “Notice the shadow lines of the last two weekly candles, which show that the bulls are gradually fighting back. The momentum is now upward, and the next target is $39,300.” #鴉快訊 $BTC
[Bitcoin bulls hold firm at weekly close: Bitcoin price target at $39,300]
Recently, Bitcoin has remained stable over the weekend, lacking the typical large swings. Although Bitcoin hit an 18-month high in recent days, there was no significant price movement ahead of the weekend's close, according to Cointelegraph Markets Pro and TradingView.
Prominent trader and analyst Credible Crypto observed that buyers actively absorbed selling pressure as Bitcoin approached its local highs. In addition, open interest in derivatives financial products markets remains low, coupled with stable spot demand, paving the way for further gains in Bitcoin.
Credible Crypto posted on

Market commentator Crypto Titan is equally optimistic about Bitcoin’s near-term prospects. Using the Ichimoku Cloud indicator for analysis, he discovered that Bitcoin had a rare breakout of its key components on the weekly chart.
Crypto Titan notes that Ichimoku’s Chikou (Lagging Span), based on data from 26 weeks ago, is now above price and at the very top of Kumo Cloud. Combined with the new uptrend exhibited by Tenkan-sen and Kijun-sen, this situation is extremely favorable for further Bitcoin price increases.
He concluded in an X comment on November 25: “Notice the shadow lines of the last two weekly candles, which show that the bulls are gradually fighting back. The momentum is now upward, and the next target is $39,300.”

#鴉快訊 $BTC
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[Bitcoin tops $40,000 for first time since April 2022] Bitcoin prices continued their strong rally over the weekend, with the leading cryptocurrency surpassing the $40,000 mark on Sunday afternoon, according to data from CoinGecko. This is the first time Bitcoin has reached such highs since April 2022, when the overall cryptocurrency market subsequently experienced a significant decline. Bitcoin's near 20-month high means its price is up 15% in the past 30 days and has already doubled compared to the same time last year. This price increase appears to reflect continued optimism and excitement over the potential approval of a Bitcoin spot exchange-traded fund (ETF) in the United States. A number of companies have submitted applications to operate such funds, and the U.S. Securities and Exchange Commission (SEC) has recently held talks with some of them. Bitcoin wasn't the only cryptocurrency to see gains over the weekend. Ethereum is trading above $2,200 today for the first time since May 2022. Both currencies have gained about 2% in the past 24 hours but have been trending gradually higher recently. #鴉快訊 $BTC $ETH
[Bitcoin tops $40,000 for first time since April 2022]
Bitcoin prices continued their strong rally over the weekend, with the leading cryptocurrency surpassing the $40,000 mark on Sunday afternoon, according to data from CoinGecko. This is the first time Bitcoin has reached such highs since April 2022, when the overall cryptocurrency market subsequently experienced a significant decline. Bitcoin's near 20-month high means its price is up 15% in the past 30 days and has already doubled compared to the same time last year.

This price increase appears to reflect continued optimism and excitement over the potential approval of a Bitcoin spot exchange-traded fund (ETF) in the United States. A number of companies have submitted applications to operate such funds, and the U.S. Securities and Exchange Commission (SEC) has recently held talks with some of them.
Bitcoin wasn't the only cryptocurrency to see gains over the weekend. Ethereum is trading above $2,200 today for the first time since May 2022. Both currencies have gained about 2% in the past 24 hours but have been trending gradually higher recently.

#鴉快訊 $BTC $ETH