Grayscale Buys Litecoin as Prices Fall: Will LTC Rebound?
After the Federal Reserve FOMC meeting, the cryptocurrency market crashed, and the price of Litecoin (LTC) fell accordingly. This decline was due to the Fed's tough decision to reduce the expected number of interest rate cuts in 2025 from four to two. Grayscale Investments seems to have capitalized on this drop by purchasing LTC. Will this institution-led buying frenzy, combined with hopes for a spot LTC ETF, trigger a rebound for Litecoin? Grayscale buys LTC on dips, will the price of Litecoin rebound? After a market-wide crash, the current price of Litecoin is $109, down 25% from this year's highs. This decline is primarily related to the ongoing weakness in the cryptocurrency market, with Bitcoin's price dropping below $100,000 for the first time in two weeks.
Ethereum spot ETF witnesses 16 consecutive days of inflows: Is ETH about to hit a new high?
Ethereum spot exchange-traded funds (ETFs) have recorded positive daily inflows for 16 consecutive days, which has once again fueled optimism that ETH could hit new all-time highs (ATHs) in the coming weeks. However, to reach this milestone, ETH must break through the critical resistance level of $4,000. Ethereum spot ETF attracts continued capital inflows According to SoSoValue data, Ethereum spot ETF inflows have remained positive since November 22. The cumulative net inflow totaled $2.32 billion, with an increase of $1.5 billion between November 22 and December 16 alone.
If this happens, the price of Dogecoin (DOGE) could soar by 85%
Dogecoin (DOGE) has risen 350% this year, consistent with the overall bullish outlook of the cryptocurrency market. Elon Musk's government efficiency department (DOGE) and whales hoarding DOGE add credibility to this outlook. This bullish momentum, combined with Bitcoin's recent performance, could become a tailwind, pushing Dogecoin's price up by 85%. If Dogecoin breaks through this key resistance level, its price could rise by 85%. The weekly chart shows that Dogecoin's price experienced a strong bullish breakout in November. This is a striking breakout as it had been consolidating between $0.050 and $0.2280 for more than two years.
Dogecoin (DOGE) Price Rally Pauses: Can the Momentum Get Back on Track?
Dogecoin's exchange rate against the US dollar has fallen below the $0.400 support level and is beginning a downward correction. Dogecoin is currently consolidating and may look to break through $0.4050 to set a new all-time high. The price of DOGE has started to decline again, falling below $0.40. This price is below the $0.4050 level and the 100-hour simple moving average. On the hourly chart for DOGE/USD, a connecting bullish trend line has formed, with support at $0.3950 (data source: Kraken). If the price breaks through the resistance levels of $0.4050 and $0.4150, it may begin another rebound.
The cryptocurrency market valuation increased by 1.49% in 24 hours, with a trading volume of $168.88 billion and a decline of -15.21%. Currently, the cryptocurrency market value stands at $3.65 trillion. Subsequently, the price of Bitcoin broke through the $101,000 mark again. BTC price records an increase in bullish activity! The price of Bitcoin increased by 1.78% in 24 hours, with a trading volume of $57.854 billion. Additionally, it rose by 2.53% in the past 7 days and by 13.18% in the past 30 days.
Since mid-October, the Simple Moving Average (SMA) indicator has been supporting the Bitcoin price chart within the 1D time frame. This indicates that the buying pressure for Bitcoin in the cryptocurrency market exceeds the selling pressure.
The Bitcoin ETF has maintained inflow momentum for 11 consecutive days. This keeps the price of the largest cryptocurrency, Bitcoin, around $100,000. This further suggests that BTC tokens may reach new all-time highs this year. BTC price stabilizes around $100,000! Despite a roughly 1% drop in Bitcoin's trading volume over the past 24 hours, reaching $68.26 billion, its price still hovers near the milestone price of $100,000. However, the dominance of this cryptocurrency has now dropped to 54.98%.
Since November, the Simple Moving Average (SMA) has supported the Bitcoin price chart, highlighting the market's long-term bullish sentiment towards the largest cryptocurrency.
3.3 trillion SHIB leaves exchanges, are whales making a big purchase?
Shiba Inu (SHIB) is the second largest cryptocurrency meme coin by market capitalization. With the rising interest from whales in this meme coin, it is expected to show an upward momentum. According to Coinglass's on-chain analysis report, despite the recent decline in cryptocurrency market prices, the interest and confidence of whales in SHIB remain unchanged. 3.3 trillion SHIB withdrawn from exchanges The SHIB spot inflow/outflow indicator shows that exchanges have witnessed a massive outflow of 3.3 trillion SHIB tokens, worth over $93.3 million. This significant outflow reflects the growing interest of whales in the meme token.
Solana will 'return to the spotlight' once it reclaims $222 – Details
Since hitting an all-time high nearly three weeks ago, Solana has experienced a significant 23% pullback. Despite the magnitude of the decline, it reflects broader market conditions as Bitcoin and altcoins have entered a phase of indecision. The market is currently seeking support and consolidating below key levels, with investors closely watching whether this phase will lead to a recovery or further decline. Top analyst Jelle recently shared technical analysis on X, indicating that Solana has strong upside potential. According to Jelle, if Solana can reclaim the $222 level in the coming days, it is likely to trigger a rapid and substantial surge. This critical price point is a key threshold that could shift market sentiment and reignite bullish momentum for this popular altcoin.
ADA Whales are Buying: Can Cardano Price Soar 165%?
Thanks to the continued bull market in cryptocurrencies and whale accumulation, Cardano's price has risen for the fifth consecutive week this year. As bullish momentum fades, can ADA rise 165% and retest its all-time high of $3.10? Cardano's price has risen due to whale purchases. ADA price has risen over the past five weeks, reaching a high of $1.3230, the highest level since January 2022. This month's peak is up 450% from the lowest level in 2023. The ongoing Cardano surge has led to a sharp increase in whale accumulation. Data shows that these whales have purchased $276 million worth of Cardano tokens, and this trend may continue as the altcoin season accelerates. Another analyst noted that whales bought 100 million ADA tokens in the past 24 hours.
Bitcoin (BTC) sets a new high of over $104,000, but investors are unwilling to sell
Bitcoin set a new all-time high (ATH) of over $104,000 in the past day, but on-chain data shows that investors are still reluctant to sell. The net flow of Bitcoin to exchanges remains negative during the recent rebound. As an analyst explained in a CryptoQuant Quicktake article, Bitcoin has recently been flowing out of exchanges continuously. The relevant on-chain metric here is 'net exchange flow', which tracks the net amount of BTC entering or leaving wallets connected to centralized platforms. When the value of this indicator is positive, it means that investors are making net deposits to exchanges. Since one of the main reasons holders use these platforms is for sales-related purposes, this trend may have a bearish impact on BTC.
Bitcoin vs. Gold: Where Should You Invest in December?
The Bitcoin vs. Gold debate has been going on for a decade, ever since people started taking financial freedom more seriously. With its decentralized nature, Bitcoin started to challenge gold, a popular investment option and store of value around the world. Now, as both financial assets have reached their peak, the question of which is the better investment and where to invest this December has become more serious with the rising prices of gold and Bitcoin. Bitcoin vs. Gold Investment, Which is Better? Bitcoin has become a popular investment opportunity due to its decentralized nature and high returns. What’s more, the price of Bitcoin has surpassed the $100,000 mark and is currently trading at $103,300. This is a significant milestone as the coin is trading at less than half of its current value. Gold, on the other hand, has been in use for 5,000 years and has been in high demand for hundreds of years. However, Bitcoin has become a strong competitor in the past few years, sparking the Bitcoin vs. Gold investment debate. Even Federal Reserve Chairman Powell asked netizens to compare Bitcoin with gold instead of the US dollar.
Solana price is about to "accelerate upward", SOL is full of confidence
Layer 1 blockchain Solana Price has experienced bullish momentum over the past month. Despite a brief consolidation phase, SOL has recently hit new highs, indicating a surge in market confidence. With Bitcoin price maintaining above $100,000, analysts predict Solana’s bullish trend will accelerate. The growing positive sentiment surrounding Solana suggests that further price increases are possible, making SOL increasingly attractive to investors. Solana price expected to accelerate: Raoul Paul Renowned investor Raoul Paul shared an X post claiming that Solana price is about to accelerate. According to analysts, SOL is showing more and more bullish indicators, suggesting a major surge is coming.
The US government transferred 54.9 billion Shiba Inus, but the number of SHIBs may surge by 130%
A wallet associated with the U.S. government has transferred more than 54 billion Shiba Inu (SHIB) tokens to a newly created wallet. Popular blockchain analytics platform Arkham Intelligence indexed the transaction on December 3. Arkham announced the move on X, saying: “Warning: The U.S. Government is transferring $1.5 million worth of Shiba Inu tokens.” Specifically, the U.S. government transferred 54,897,092,549 SHIB tokens to the Ethereum wallet "0x995". After the transaction was completed, the sending wallet associated with the U.S. government no longer held any SHIB tokens. The receiving wallet currently has a cryptocurrency portfolio worth $33 million and has retained these assets.
Experts Warn That If the Price of XLM Falls Below Key Support Levels, It May Plummet
An analyst stated that if the price of XLM falls below a key support level, a strong bearish reversal may occur. This trend would erase part of the nearly 500% increase over the past 30 days. Analyst: XLM price may correct Stellar has performed strongly this year, soaring to a high of 0.6345 USD, the highest level since May 2021. At its peak, it has risen more than 743% from this year's low. Most analysts are optimistic about the price of Stellar due to its strong fundamentals and technicals. In an article, Rose Premium predicts that Stellar will surge to 0.98 USD, just a few points below the psychological barrier of 1 USD. If this happens, it would mean a 90% upside potential from the current level.
Interpreting HBAR's latest surge—Market FOMO or something else?
HBAR market interest and trading volume hit a historic high With buyer fatigue rising at the $0.40 level, will the 2021 HBAR pattern manifest? Hedera Hashgraph [HBAR] is a major highlight of this cycle's altcoin season. In fact, over the past month, it has risen 9 times, soaring from $0.04 to $0.35, outperforming Bitcoin [BTC]. However, what is behind this astonishing surge? What are the factors driving the development of HBAR? The key driver behind HBAR's 9-fold rise is the immense market interest, which quickly pushed trading volume above 2021's peak.
Solana (SOL) is currently up over 3%, trading near $240. The recent price increase occurred after Grayscale Investments submitted an application to the U.S. Securities and Exchange Commission to convert its Grayscale Solana Trust into a spot ETF. Other asset management firms, such as VanEck, 21Shares, Canary Capital, and Bitwise Asset Management, have also applied for a spot Solana ETF. Key resistance levels and price targets for Solana Solana recently completed a correction with an ABC structure, where the price has dropped to the support area. This correction seems to be nearing its end, and Solana has the potential to reverse and begin moving upward again. The current price structure indicates that the fifth wave of the correction may have been completed.
The price of Stellar, a popular cryptocurrency created by the co-founder of Ripple, has risen by more than 450% as the crypto bull run accelerates. However, Stellar is now showing signs of fatigue as its momentum to $1 hit a roadblock. Still, crypto analysts believe Stellar has room to rise as the altcoin season begins. Stellar Price Analysis: Early Signs of a Bullish Pennant On Tuesday, November 3, Stellar was trading at $0.55, down 15% from its November high. On a positive note, the coin is showing signs of forming a bullish pennant chart pattern, which is a popular signal for continuation. The pennant is characterized by vertical lines and a symmetrical triangle pattern.
On April 27, Forbes published an article listing the top 20 zombie tokens in the crypto space with a market value of more than $1 billion, including: XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS.
Despite the bullish sentiment in the altcoin market, BTC price is still struggling around $96,000. Consequently, the dominance of the largest cryptocurrency has dropped to 54.38%, the lowest level in four months.
In this article, we present the latest Bitcoin price analysis and mention possible short-term price prospects. BTC price shows a consolidation price trend. The Bitcoin price has experienced about a week of consolidation, highlighting a decrease in buying and selling pressure. Additionally, its trading value is $96,139.92, with a market capitalization of $1.902 billion.
As XRP Price Soars 441%, XRPL Meme Coins like ARMY and BEAR are Experiencing Explosive Growth
The Rise of XRP and the Returns of Meme Coins As I mentioned earlier, XRP has recently experienced significant growth. In the past 30 days, it has surged by 441.5%, surpassing all other top ten cryptocurrencies, igniting excitement among XRP enthusiasts.
Just as the cryptocurrency world is excited about XRP's enviable performance, the XRPL-based meme coin market has shown an entirely unexpected trend. This trend has left most meme coin enthusiasts speechless with excitement. Some meme coins based on XRPL, including ARMY, BEAR, and MAG, have recently shown remarkable growth.