Digital asset management firm Grayscale argues that Bitcoin's role could increase following the recent election in Argentina.
According to an analysis shared by Grayscale, the largest digital asset management company, Javier Milei as president of Argentina is likely to boost the country's cryptocurrency adoption.

Milei's ambitious plans to reform monetary policy and possibly close the Argentine Central Bank have set the stage for ripple effects in both the traditional finance and cryptocurrency worlds.
Following Milei's successful bid to become President of South America's second largest economy, Bitcoin prices reached their highest level in over a year and a half, reaching nearly $38,000.
Argentines have long suffered from hyperinflation and the local currency has lost more than 100% of its value compared to the US dollar.
According to Grayscale, Milei's presidency could pave the way for greater acceptance and integration of cryptocurrencies in the Argentine economy, offering a potential solution to these long-standing problems.

Bitcoin News
Bitcoin (BTC) price remains the de facto standard by which the entire cryptocurrency ecosystem is measured, and its current outlook still shows upward momentum.

An analysis of Bitcoin's price was recently shared by leading market analyst, Willy Woo, who noted that BTC may never return to $30,000 again.

Similar to Bitcoin never retracing back to the $10,000 price level, Woo is bullish on current market conditions, saying the same could happen in the $30,000 range.

According to analysis based on the “Bitcoin Cost Base Density Map,” there are three separate events that will prevent Bitcoin from retesting its current key support band, prominent among them being the possibility of spot Bitcoin ETF approval and the upcoming halving in 2024.

He pointed out that this happens whenever Bitcoin exits a bear market and when the market is about to enter the next halving.

Binance News
Binance Announces Trading Rewards for AI Tokens.

Accordingly, the implemented promotion program will allow users to trade AI tokens including: SingularityNET (AGIX), Cortex (CTXC), Fetch.AI (FET), Measurable Data Token (MDT), Numeraire (NMR) ), OCEAN, Phoenix (PHB), iExec RLC (RLC) and Worldcoin (WLD) – on Binance Spot participate in the reward pool worth 10,000 USDT in voucher tokens.

The promotion is open to all new users, as well as existing regular users and VIP 1-3 who have not traded on Binance Spot in the past 90 days.

A total of 10,000 USDT in available token vouchers will be distributed, taking place from 16:00 November 20 to 15:59 November 27 (Vietnam time).

El Salvador issues the world's first Bitcoin bond

➡️ El Salvador Bitcoin Bonds will be offered for sale on Bitfinex Securities, a regulated division of cryptocurrency exchange Bitfinex. It is expected that the bonds will be issued in the first quarter of 2024.

➡️ The goal of the El Salvador government is to mobilize 1 billion USD through this bond. Proceeds from the bond will be used to invest in a Bitcoin mining industry that relies solely on renewable energy, including that generated by the country's active volcanoes#Bitcoin. #Ethereum. $BTC $ETH $BNB

BNB price forecast in 2023

BNB is the native token of the Binance cryptocurrency exchange, currently the world's largest exchange in terms of trading volume. BNB has had a volatile 2022, with the price soaring to an all-time high of $691.80 in November, before plunging to a low of $176.10 in August.
On December 9, 2023, BNB price is trading at 235.14 USD.
Cryptocurrency Market Development:** If the cryptocurrency market continues to grow, BNB may continue to increase in price. However, if the crypto market declines, BNB could continue to decline in price.
Growth of Binance:** Binance is one of the largest cryptocurrency exchanges in the world. If Binance continues to grow, BNB could benefit. However, if Binance encounters legal or competitive issues, BNB could be affected. Development of other blockchain projects:** If other blockchain projects thrive, BNB could face competition painting. However, if BNB continues to innovate and develop new features, it can maintain its leadership position.
Optimistic case:** If the crypto market continues to thrive and Binance continues to grow, BNB could rally to $400 or higher Neutral case:** If the crypto market growing steadily and Binance maintaining its leading position, BNB could fluctuate between 250 USD and 350 USD.
Pessimistic case: If the crypto market declines or Binance encounters problems, BNB could drop in price to $150 or lower.#binannce #Solana. #Bitcoin. $SOL $BNB $BTC

ETHER, SOLANA hit 19-month high as Bitcoin rally stalls on traders' fears of a "bull trap"

🔸Bitcoin's (BTC) bull run stalled on Thursday, leaving the stage for top cryptocurrencies ether (ETH) and solana (SOL) to lead the crypto rally after soaring to new 19-month high.

🔸BTC falls to $43,000 intraday after a sprint climb to nearly $45,000 earlier this week, suggesting traders have taken some profits after the largest cryptocurrency broke the 38,000 mark dollars a week ago.

🔸Meanwhile, ETH increased 5% during the same period and hit $2,372, its highest level since May 2022.

🔸Its rally boosted the prices of other ETH-related cryptocurrencies, making them the best-performing tokens of the day. Ether classic (ETC) is up 6%, while liquid staking protocol Lido (LDO) is up more than 11%.

❗️Solana (SOL) surged more than 8% to $70, its highest since May 2022, after a three-week cooldown from local highs in mid-November. #bitcoin #ethereum #solana #binannce $BTC $SOL $ETH

Bitcoin's Strong Growth and Momentum From ETF ✨

There is a significant increase in Bitcoin trading activity on cryptocurrency exchanges. This increase could be a sign of growing interest from institutional investors, which may be preparing for the potential approval of a Bitcoin Exchange Traded Fund (ETF).

Analysis from Glassnode, a market intelligence company, highlights a significant increase in Bitcoin flowing into and out of exchanges, pointing to increased investor participation.

The report also notes a significant increase in the average size of Bitcoin deposits, which could be a sign of institutional interest as key ETF decision dates arrive in January 2024.

This development corresponds to rumors by Bloomberg ETF analyst James Seyffart that the US Securities and Exchange Commission (SEC) may approve several applications for Bitcoin ETFs as early as January. Currently, Bitcoin price is $43,476, up more than 16% over the past seven days#Bitcoin. #Ethereum #BNB: $BTC $ETH $BNB

Bitcoin exchange Binance has restarted withdrawals of 12 altcoins it delisted

Binance, a major player in the cryptocurrency exchange game, has decided to hit the reset button on withdrawals for 12 tokens that it had previously removed from the club.

This withdrawal revival will take place from December 5 to December 25, 2023. But rest assured, after the 25th, you can no longer cash out these delisted tokens.

However, you can still admire them in your Binance wallet if you feel nostalgic.

The 12 coins that will return shortly are Aion (AION), Beam (BEAM), Bitcoin Diamond (BCD), GoChain (GO), Neblio (NEBL), Nebulas (NAS), Neutrino Token (NSBT), Nexus (NXS), Viacoin (VIA), Skycoin (SKY), Songbird (SGB) and YOYOW (YOYO). Binance is also planning to swap some of these tokens—BEAM, BCD, GO, NEBL, NAS, NSBT, and SGB—for USDT based on what is in your Binance wallet on December 26, 2023. They will convert this crypto mixtape to USDT by June 25, 2024.#Bitcoin. #binannce #USDT. $BTC $BNB $ETH

Nearly $100 million in Bitcoin short positions have been liquidated on centralized cryptocurrency exchanges. This shows increasing market volatility, with Bitcoin price hovering around the $43,823 mark.
Overall market growth: Total cryptocurrency market capitalization increased 4.55% to $1.66 trillion. Similarly, total cryptocurrency trading volume also increased by 4.55%. Bitcoin dominance in the market increased slightly to 52.73%.
Bitcoin Performance: Bitcoin is down 0.5% over the past 24 hours, trading at around $43,823. This is part of a broader positive trend observed over the past week.

Rise of Major Cryptocurrencies: Besides Bitcoin, stablecoins such as Tether and Ripple, as well as USD Coin and Binance USD, also saw growth in the past 24h.

Cardano Surge: The market capitalization of Cardano (ADA) increased by $845,669,037 USD within 24 hours, a significant increase that was accompanied by a 17.0% increase in trading volume. This growth has solidified its position as the 8th largest cryptocurrency by market capitalization.

Dogecoin Growth: Dogecoin (DOGE), the leading meme cryptocurrency, is up more than 18% in the past 24 hours, trading above $0.10 for the first time since April. Its price has increased 27% in the past week, seemingly in response to Bitcoin's surge.

Significant Increase in Helium: Helium (HNT) saw a 74.5% spike in price, reaching $5.05. This increase also resulted in its market capitalization skyrocketing over $725 million. #Bitcoin. #Ethereum. $BTC $ETH $BNB

The largest bank in Brazil, Itaú Unibanco, has started offering cryptocurrency trading services such as Bitcoin and Ether to its customers.

They will keep customers' crypto assets safe, but initially, customers cannot transfer crypto in and out of crypto wallets outside the bank. This helps ensure the safety of their investment money.

This news comes as major banks in Brazil are increasing staffing and resources to prepare for the launch of Brazil's digital currency, called Drex.#Bitcoin. #Ethereum. $BTC $ETH

Bitcoin defies decline in risk assets to trade at 19-month high
The cryptocurrency token rose 4.5% to $43,940 on Tuesday, with a surge over the past week pushing the price above $40,000 for the first time in nearly two years.

This difference highlights Bitcoin's low correlation with other assets. The correlation between Bitcoin, stocks, and gold has dropped since 2023, helping the largest digital asset gain 160%.
This could be just the beginning, will we see strong growth in cryptocurrencies.

Cryptocurrency-related stocks also extended gains. Coinbase, MicroStrategy and Marathon Digital are all up on the day and are up more than 300% this year. Correlation indicators also suggest a combination of a cryptocurrency bull cycle and a favorable economic environment for risky assets.

Another important driver is regulation. Crypto executives hope the US crackdown is over. We may see more dialogue between the government and regulators. Clarity from the authorities could give momentum to the development of cryptocurrencies.

Technical indicators show that Bitcoin's price rally is still ongoing. The 14-day relative strength index is at 75, near the overbought threshold. Bitcoin's recovery is also fueled by hopes for a Bitcoin spot ETF.
Another important driver is the Bitcoin ETF. Waiting for a decision in January next year.
#Bitcoin. #Ethererum #USDT. $BTC $ETH $BNB

Bitcoin has surpassed the $40k price level. Early in Asian trading hours today (Monday), the value of Bitcoin surpassed the $40,000 mark. The original cryptocurrency is up about 3.8% in the last 24 hours, A key highlight for Bitcoin - As Bitcoin's price is rising, it has surpassed $40,000 for the first time in 19 months since the beginning of the month 5 2022. However, the increase does not only concern Bitcoin. The second largest cryptocurrency by market capitalization, Ethereum, is trading above $2,200 per coin. Over the past seven days, Bitcoin is up 9.5%. FOMO takes over the cryptocurrency market. Although the cryptocurrency industry has experienced positive and negative changes, the phenomenon of FOMO (fear of missing out) has left traders confused. The crypto fear and greed index rose to 74, reaching its highest level since November 2021. The Securities and Exchange Commission (SEC) deadline is approaching, leaving traders optimistic about the upcoming decision on Bitcoin exchange-traded funds (ETFs). Additionally, the participation of large companies in the traditional financial industry such as Blackrock has increased confidence. However, the actions against Binance in the United States have not stopped consumer interest in cryptocurrencies. Former regulatory executive and pleaded guilty to one count of money laundering in the United States, Richard Teng, recently received control of Binance's largest cryptocurrency exchange by trading volume from Changpeng Zhao . The exchange paid $4.3 billion to US federal prosecutors and an additional $2.85 billion to settle with the US Commodity Administration#Bitcoin. $BTC

Bitcoin whale amasses $125 million worth of assets amid soaring BTC prices

As Bitcoin continues to rise in price, recently peaking at over $42,000, one notable cryptocurrency investor has made a series of strategic trades, culminating in a significant Bitcoin holding worth price is about $125.2 million, according to Lookonchain.
This whale has been actively managing their investments in the digital currency space, aligning their moves with volatile market trends.#Bitcoin. #Ethereum. #USDT. $BTC $ETH $BNB

Bitcoin ETF: Stability and safety in the cryptocurrency sector.

A Bitcoin ETF is a type of exchange-traded fund (ETF) that tracks the price of Bitcoin. They provide investors with an easy way to gain exposure to Bitcoin without having to buy and store Bitcoin directly.

Swan Bitcoin CEO Cory Klippsten believes that a Bitcoin ETF will help reduce the noise and bustle in the cryptocurrency sector. He explained that Bitcoin ETFs will bring more stability and safety to the cryptocurrency market.

The stability

Bitcoin ETFs are regulated by the US Securities and Exchange Commission (SEC). This means funds must follow strict rules regarding risk management and transparency. This can help minimize cryptocurrency market volatility.

Safe

Bitcoin ETFs are hosted at banks or regulated brokers. This helps ensure that investors' Bitcoins are protected from loss or theft.

Accessibility

Bitcoin ETFs make Bitcoin more accessible to traditional investors. These investors can buy and sell Bitcoin ETFs on traditional stock exchanges. This could help promote broader Bitcoin adoption.

The chart below shows the growth of Bitcoin ETFs:#bitcoin #Ethereum. #USDT. $BTC $ETH $BNB

#bitcoin #e
Binance Coin (BNB) is a cryptocurrency issued by the Binance exchange, one of the largest and most popular exchanges in the world. Below are some important events in the history of the BNB coin:

Launch Date (July 25, 2017):
BNB was issued in an Initial Coin Offering (ICO) by Binance, where investors could purchase BNB using Bitcoin or Ethereum. Initially, BNB was issued on the ERC-20 standard, based on the Ethereum blockchain.

Migrate to Private Blockchain (April 18, 2019):
Binance made a major migration, moving BNB from the Ethereum blockchain to Binance's own blockchain, called Binance Chain. This transition is part of the expansion and growth of the Binance ecosystem.

Binance Launchpad and ICOs (2017 - 2019):
BNB has become the preferred payment method for Initial Coin Offerings (ICOs) on Binance Launchpad, where new projects can attract capital from the BNB-using community. This has created growth and stability in the value of BNB.

Binance Smart Chain (BSC) (September 2020):
Binance introduces Binance Smart Chain, a blockchain parallel to Binance Chain but with additional support for smart contract features. BSC has enhanced Binance's transaction processing and growth capabilities, as well as increased the value of BNB.

Significant Growth (2021):
In 2021, BNB prices skyrocketed to new highs, partly due to the growth of Binance Smart Chain, the popularity of BNB in ​​projects and applications on BSC.

Ecosystem Development (To date):
BNB has become an important part of the Binance ecosystem, from paying trading fees on the exchange to participating in many projects and applications on Binance Smart Chain.

South African cryptocurrency exchanges Revix and Bitfund merge with Austrian digital assets platform

✨ Two cryptocurrency platforms in South Africa and a digital assets platform based in Austria have teamed up to launch a new alternative investment platform called Altify. The new organization's goal is to help South African investors, especially young ones, harness the power of alternative investments. Revix founder Sean Sanders has been appointed CEO of the new unit, headquartered in London, according to a joint statement.

✨In a November 30 statement, the three companies said Altify aims to provide alternative investment opportunities, typically reserved for large institutions and the ultra-wealthy, to ordinary people. These alternative investment opportunities include private credit (private debt), venture capital, real estate, crypto assets #bitcoin #Ethererum #BNBChain $BTC $SOL $BNB

Soccer superstar Cristiano Ronaldo is facing a $1 billion class action lawsuit for advertising Binance, the world's largest cryptocurrency exchange.🙂

The lawsuit, filed Tuesday in a Florida court, says Ronaldo “promoted, supported and/or actively participated in the offering of unregistered securities in coordination with Binance,” including the sale of his own non-fungible tokens (NFTs), resulting in significant financial losses for investors.🤨

🫡 👩‍✈️In response to this information, Binance did not immediately respond to CNN's request for comment. Ronaldo's representative declined to comment.😑 #Bitcon #Ethereum. #USDT $BTC $ETH $BNB

News that the SEC will make a decision on a Bitcoin ETF is making the cryptocurrency market more exciting than ever. The companies that filed met with the SEC in December and have updated their applications following interviews, creating ideal conditions for positive progress.

Preparing for a positive scenario, some experts such as Eric Balchunas and James Seyffart from Bloomberg estimate the probability of ETF approval in January to be up to 90%. This creates excitement not only for investors but also for market watchers.

According to Seyffart, technology suggests December 10 is the ideal date for the SEC's decision, but given the difficult schedule, the announcement could be delayed by several days. Expected December approval could occur between the 8th and 10th.

Over the past 10 years, the approval of a Bitcoin ETF has been the subject of much anticipation. The SEC, under the leadership of Gary Gensler, has been denying it repeatedly since 2013 when the first Bitcoin ETF application was filed. However, current developments, along with big names like BlackRock registering ETFs and Grayscale's victory in the ETF lawsuit against the SEC, create new hope for a positive outcome.

Waiting for new information and hoping for Bitcoin ETF approval!#Bitcoin. #Ethereum. #USDT $BTC $ETH $SOL

The largest cryptocurrency exchange in the United States, has exciting news for Solana (SOL) fans. CEO Brian Armstrong announced plans to integrate Solana into Coinbase's platform to make transactions extremely fast. The goal is to complete transactions "under a second and a penny". This integration is part of a broader strategy to prioritize faster layer 2 solutions on Coinbase.
Coinbase is pleased with the progress of the Base network, which has become the third largest tier 2 network in terms of total value locked at nearly $500 million in a short period of time. The company is actively working to integrate Base with various applications, and developers are enthusiastic about working with layer 2 technology.
Coinbase is making strategic moves to improve transaction speed and efficiency on its platform, focusing on integrating Solana and other fast layer 1 networks. The goal is to achieve transactions in less than a second and at low costs, ultimately benefiting cryptocurrency exchange users.#Bitcoin. #Ethereum. #USDT $BTC $BNB $SOL

Market news this morning
- BTC: 38,779 increased 2.19% in 24 hours.
- ETH: 2095 increased by 0.61% in 24 hours.

A federal judge said an SEC lawyer lied to freeze the assets of a cryptocurrency company.
The judge asked the SEC to explain why it presented “false and misleading” evidence to obtain a temporary restraining order.

Ethereum validators and node growth lead to reduced emissions. The Ethereum network's greenhouse gas emissions are estimated to have decreased by approximately 99.97% since switching to proof of stake, despite a sharp increase in node count.

Blast from the past: 3 years since ETH staking launch. The $650 million locked in Blast's deposit contract dates back to 2020, when Ethereum's Beacon Chain was launched.

The US downplayed crypto when it ousted Binance's Zhao – and that's okay. Cryptocurrency as an “industry” can operate without much of a cult of personality.

Grayscale sees positive catalysts ahead for bitcoin. Bitcoin has recovered 130% year to date.
- Grayscale said on Friday that there are several positive catalysts for bitcoin on the horizon from bitcoin spot ETFs, the halving event and even the upcoming presidential election.

Btc has reached a new ATH this year, will it silently uptrend.#Bitcoin. #Ethereum. #BNBChain $BTC $ETH $BNB