Today's news:
Ripple Labs has received approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin. CEO Brad Garlinghouse confirmed the development, and Ripple is set to announce exchange and partner listings soon.
On December 10, Microsoft shareholders voted down Michael Saylor’s proposal to invest in Bitcoin. Despite the price of Bitcoin reaching $100,000 and matching Saylor’s prediction, the board expressed concerns that it would add “unnecessary” risk to the company’s portfolio.
The total cryptocurrency market capitalization (TOTAL) and Bitcoin (BTC) have changed little over the past 24 hours. Despite mixed signals from the market, altcoins are still growing, with Bitget Token (BGB) leading the gains.
Cryptocurrency market is stable
The total cryptocurrency market capitalization has barely changed in the past 24 hours, remaining at $3.37 trillion. This small fluctuation suggests that the market is in a consolidation period, and investors are waiting for further signals to drive price action. Currently, the market remains cautiously balanced at this level.
With the market cap holding support at $3.28 trillion, the next target is to break through the $3.49 trillion mark. A successful recapture of this support level could mark the start of a bullish trend, providing an opportunity for further growth in the entire cryptocurrency market, especially if buying momentum strengthens.
Cryptocurrency market capitalization analysis.
However, if the market fails to break out of the $3.49 trillion resistance level, TOTAL may lose upside momentum. In this case, the market capitalization may continue to consolidate within the current range and remain above $3.28 trillion.
Bitcoin Gains Support
The Bitcoin price remains stable and is currently trading at $97,185, above the critical support level of $95,668. This stability suggests that Bitcoin is consolidating and awaiting a key push in the market.
Although Bitcoin remains stable, it has yet to break through the critical resistance level of $100,000. To set new highs above $104,087, BTC needs to secure $100,000 as solid support. A sustained break above this level would indicate strong bullish momentum and set the stage for further gains.
Bitcoin price analysis.
If Bitcoin fails to hold the $95,668 support, a larger decline could occur. Below this level, BTC is likely to test the $90,000 mark, weakening the bullish outlook.
Bitget Token hits new high
BGB price surged 23% in the past 24 hours to $3.08. This sharp rise was mainly driven by favorable market conditions and increased investor interest, reflecting the positive sentiment surrounding altcoins.
Today, BGB hit a new all-time high, with intraday trading prices hitting $3.15. This record price action is expected to attract more investors to enter, further fueling its growth. The new all-time high consolidates BGB's position as a strong contender in the market and strengthens its bullish outlook.
BGB Price Analysis.
However, if the rally loses momentum, BGB could see consolidation around the $2.45 support level. This would mean a temporary slowdown in price action, providing investors with an opportunity to reassess their positions. If this support level can hold, it would set the stage for a potential rebound and future gains.
Club Target Review
TOP.1
DOGS、HMSTR
In the current sector rotation process, although TON Telegram Ecosystem has not seen an explosive rise, there are obvious signs of fund accumulation. Therefore, the club decided to lay out the sector targets in advance and conduct a strategic ambush.
Among them, DOGS and HMSTR performed outstandingly and entered the Binance gainer list respectively:
- DOGS: The ambush point was $0.0077, and the highest increase was $0.009475, an increase of 22%.
- HMSTR: The ambush point was $0.004376, and the highest increase was $0.004879, an increase of 11.53%.
In addition, the other two stocks, NOT and CATI, also achieved increases of 7% and 6% respectively, performing well.
Join the club, get real-time strategies, and seize the bull market opportunity!
TOP.2
A review of the club's public strategic targets: #arkm
As a member of the AI sector, $ARKM has received investment support from OpenAI founder Sam Altman. As OpenAI announced a 12-day live event, the club expressed high expectations for the rise of $ARKM.
The club marked#arkmat 2.35 and the price has now risen to 2.7, an increase of 14.9%.
Congratulations to all the friends who have already entered the market. You can take profits in time according to your personal positions and keep a portion to continue to be bullish, with the target being 3 intervals.
TOP.3
Club Mark Review: #lpt
As the only token in Grayscale’s holdings that has not risen, $LPT’s rising potential is likely to have been confirmed.
The club recommended members to ambush $LPT at 16.7. The current price has risen to 22.6, a 36% increase from the recommended price.
In addition,#lptalso successfully ranked 4th on Binance’s gainer list.
For $LPT, club members have been advised to take profits on part of it at an appropriate time and continue to hold the rest, with a target price of 25-30.
TOP.4
Public Strategy Review: $ENA
Just yesterday,#ENAannounced that the collateral volume of its algorithmic stablecoin USDe has reached the 5 billion mark, and the APY has reached 27%.
This is a major positive for#ENA.
The club discovered $ENA because it cooperated with BlackRock to establish a new stablecoin project. The ambush mark point is: 0.8. With the continuous improvement of data, $ENA has now reached 1.04, with a maximum increase of 30%. It perfectly reached the club's profit stop position of 1.
TOP.5
