TRON's market performance has taken a downturn, with a notable 5.97% decrease against the US Dollar in the last 24 hours. This decline is more pronounced when compared to the broader cryptocurrency market, which saw a marginal decrease of 0.11%. TRX also underperformed against major cryptocurrencies, losing 6.81% against Bitcoin.
Despite a bullish sentiment, with 85% of indicators favoring a positive outlook, the Fear & Greed index at 84 suggests extreme greed, potentially indicating an overvalued market. TRON's price is predicted to drop by 13.08% in the next five days, highlighting potential market volatility.
Bitcoin ETF Trading Volume Surges, Approaching Gold ETF Asset Size, as Musk's Wealth Ranks High on Forbes and US Stock Market Remains Strong
On November 12, Bloomberg ETF analyst James Seyffart reported record-breaking trading volume for the US spot Bitcoin ETF, reaching $7.22 billion—the highest since March 14 and the sixth-largest trading day to date. BlackRock’s IBIT led with $4.6 billion in trades, followed by Fidelity’s FBTC, which surpassed $1 billion.
Senior Bloomberg ETF analyst Eric Balchunas highlighted that assets under management (AUM) for the US spot Bitcoin ETF have soared to $84 billion, nearing two-thirds of gold ETF assets. Balchunas noted that this rapid growth far surpasses prior expectations, suggesting the Bitcoin ETF may exceed the size of the gold ETF within a year well ahead of the previously estimated 3–4 years.
Additionally, MicroStrategy made a notable investment of $2.03 billion yesterday.
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Bitcoin's options market is gearing up for a year-end showdown with a whopping $11.8 billion set to expire on Dec. 27. Bulls are flexing their muscles, with call options leading the charge at $7.9 billion, while bears lag behind with $3.92 billion in puts.
As BTC's price dances above $80,000, bearish investors are sweating to keep it below $75,000. If the price stays near $88,000, only $96 million in puts will matter.
With bulls eyeing $90,500, it's a thrilling ride to the finish line. Will bears manage a last-minute tackle, or will bulls score a victory? Stay tuned! 🚀
🎉 Bitcoin's options market is gearing up for a blockbuster $11.8 billion expiry on Dec. 27, and it's looking like a bull's paradise! With call options towering over puts, the stage is set for a thrilling year-end showdown.
- Current open interest: $7.9B in calls vs. $3.92B in puts.
- Bulls are eyeing a price surge, while bears hope to keep BTC under $75K.
- Deribit leads the options market, holding a 74% share.
Will the bulls charge to $90K, or will bears spoil the party? Share your predictions in the comments! 📈
Remember, this is not investment advice, just some crypto fun!
Bitcoin's market is gearing up for a significant options expiry on December 27, with a staggering $11.8 billion at stake. Currently, call options dominate with $7.9 billion, overshadowing the $3.92 billion in put options. This comes on the back of Bitcoin's impressive 29% rise since October, rendering many put options ineffective. As the expiry date approaches, bulls and bears are poised to influence Bitcoin's spot price. Bulls aim for a price above $90,500, while bears target below $75,000 to minimize losses. The outcome could set the tone for Bitcoin's momentum into early 2026.
Analyst makes crazy price prediction for Ripple (XRP)!
Armando Pantoja, who is famous for his cryptocurrency analysis, made a surprising price prediction for Ripple (XRP).
XRP is trading at $ 0.654, gaining 8 percent in the last 24 hours, and its market value is currently $ 37 billion. XRP's daily trading volume has tripled, exceeding $ 12 billion. In addition, the popular altcoin has moved into seventh place, leaving USDC behind in terms of market value. According to Santiment, one of the most important factors in $XRP exceeding the $ 0.74 level is investors' fear of missing out (FOMO).
The rise of XRP is linked to Donald Trump winning the US presidential election. President-elect Trump had promised to dismiss Gary Gensler, the head of the US Securities and Exchange Commission (SEC).
The end of the SEC’s legal battle against Ripple with a crypto-friendly chairman seems to have triggered a wave of FOMO among investors who support XRP. In addition, Trump is considering appointing Robinhood’s chief legal officer Dan Gallagher as SEC chairman instead of Gensler.
Referring to the technical structure in XRP, Armando Pantoja expressed a price prediction that excited investors. According to the analyst, the “Symmetrical Triangle Formation” formation on the chart indicates a major rise for XRP. Stating that XRP exceeded $3 when this structure was last seen, Pantoja sees pricing below $1 as an opportunity. According to Pantoja, the Symmetrical Triangle Formation, the MACD indicator and increasing trading volume signal an increase towards $8-30.
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