**News Flash: Bitcoin's Resilience Amid Global Tensions**
Over the past decade, geopolitical tensions have impacted financial markets, including Bitcoin. Recent conflicts, such as the Israel-Gaza war and Russian military actions, have heightened global uncertainty. Historically, Bitcoin experiences short-term price drops during such events but often rebounds within 50 days, showcasing its resilience.
Experts suggest Bitcoin thrives under conditions of increased global liquidity and inflation, acting as a hedge against currency debasement. However, its performance varies with the nature of the conflict, thriving more during localized tensions than global crises.
**Crypto Community Reacts to Trump's 2024 Election Win**
The crypto world is buzzing after Donald Trump's 2024 election victory, seen by many as a pivotal moment due to his campaign promises. However, not all crypto enthusiasts are on board, with some struggling to align their support for crypto with Trump's other controversial stances.
Social media platforms like X have become battlegrounds, with debates over the Democratic Party's "anti-crypto" policies and the "Crypto for Harris" campaign fueling division. Despite this, many in the crypto industry emphasize the importance of bipartisan support for digital assets.
Experts like Konstantin Richter and Natalie Smolenski stress that crypto should transcend politics, advocating for clear regulations and guidelines. Meanwhile, Dennis Porter warns politicians to reconsider their crypto policies, as opposition to Bitcoin may have cost some their elections.
Bitcoin is once again nearing the elusive $100,000 mark, despite being declared "dead" over 400 times in the past 14 years. Historically, Bitcoin has defied these gloomy predictions, with early investments yielding massive returns.
Recently, Bitcoin bounced back by over 5.9%, climbing from $92,000 to over $97,500. Analysts are optimistic but cautious, predicting potential fluctuations before Bitcoin potentially hits $100,000.
The growing global money supply could further boost Bitcoin, with projections suggesting a possible peak above $132,000. However, the timeline remains uncertain, with market volatility expected.
Bitcoin is making waves as it hits multi-day highs, nearing the $100,000 mark. After bouncing back from $90,800, traders are eyeing a six-figure price tag. Analyst Byzantine General notes that lower open interest on exchanges supports a bullish outlook, suggesting a potential breakthrough past $100K. Fellow traders like Jelle and Daan Crypto Trades echo this optimism, seeing Bitcoin's current momentum as reminiscent of its October 2023 breakout. Meanwhile, some experts predict Bitcoin could follow gold's strong performance, hinting at a possible rise to $200K in the coming months.
Bitcoin could see a massive influx of investment by 2025, potentially attracting $2 trillion, according to Jamie Coutts, chief crypto analyst at Real Vision. This prediction is tied to an expected increase in the global money supply, with the US Federal Reserve potentially boosting it to over $127 trillion.
Historically, Bitcoin has absorbed about 10% of new money supply, and with the global M2 money supply projected to peak in early 2026, Bitcoin's price could soar. Analysts predict BTC could reach between $118,928 and $150,000, with some estimates even higher. However, Bitcoin faces resistance at $98,300, which could impact short-term movements.
Telegram is making waves in the crypto world by integrating cryptocurrency features directly into its platform, offering Mini Apps and supporting various crypto wallets. This move is seen as a significant boost for global crypto adoption, potentially reaching a billion users. However, industry experts like those from Brave and Opera don't view Telegram as a threat to traditional crypto entry points like web browsers. While Telegram's blockchain platform, TON, is growing rapidly, web-based crypto adoption remains strong, with browsers like Chrome fostering a thriving ecosystem of crypto tools.
Ether (ETH) is gaining traction, with investor interest surging and expectations of favorable crypto regulations by 2025. This optimism could push ETH past the $4,000 mark. Recent data shows Ether outpacing Bitcoin in open interest, boasting $8.9 billion compared to Bitcoin's $6.7 billion.
The decline in Bitcoin's open interest is seen as strategic repositioning rather than panic selling. Ether's futures yield is also outperforming Bitcoin, hinting at potential institutional inflows into Ether ETFs. Investor demand for leveraged Ether ETFs has soared 160% since Trump's election victory.
Taiwan is ramping up its efforts to regulate cryptocurrency businesses with new Anti-Money Laundering (AML) rules. The Financial Supervisory Commission (FSC) announced that crypto exchanges must now register by November 30, moving up the deadline from January 2025. This change comes after two exchanges, MaiCoin and BitoPro, were fined for AML violations.
All crypto providers, even those previously registered, must comply with the new mandate. The FSC has issued guidelines for identifying suspicious activities, such as tracking IP addresses and monitoring unusual transactions. Non-compliance could lead to hefty fines or prison time.
Bitcoin has bounced back, climbing 6.25% from a recent low of $90,742 to over $96,000 as of November 29. On-chain data indicates that Bitcoin whales have been busy, snapping up $1.5 billion worth of BTC during the price dip. This buying spree saw whales accumulate 16,000 BTC, suggesting their significant role in the price recovery. However, analysts note that for Bitcoin to break past the $100,000 mark, increased buying from both retail and institutional investors is necessary. Currently, BTC is supported around the $95,672 level, with resistance looming at $96,400.
Bitcoin is holding strong after a recent surge, stabilizing just below $96,000. Despite selling pressures, BTC maintained its ground above $90,000, with analysts like Rekt Capital optimistic about breaking the trendline to reach $100,000. Meanwhile, Ethereum is catching traders' eyes, aiming for a $4,000 target. After revisiting $3,700 resistance, ETH could see a bullish breakout if it closes above this level. However, some traders caution about potential dips, suggesting a buy zone around $2,700-$2,800 if BTC corrects by 10%. Always research before investing.
Ether is on a roll, with over 90% of holders now in profit after a 5.7% rise in the past week. Yet, traders are on edge about whether ETH can surpass the $4,000 mark. Short positions are stacking up, with $1.43 billion at risk if Ether hits that level. Despite this, optimism persists. Funding rates are climbing, hinting at potential gains, though they're not yet at the heights seen during Ethereum's peak. Crypto influencers are buzzing, with some setting bold price targets. However, the market remains unpredictable, and investors should tread carefully.
Hong Kong's central bank, the HKMA, is rolling out the Digital Bond Grant Scheme (DBGS) to boost tokenized bond adoption. The initiative will cover up to 50% of eligible costs for digital bond issuances, capped at $321,184 for a full grant. To qualify, bonds must be issued digitally in Hong Kong and meet specific criteria, including a listing on the SEHK. The program, part of Project Evergreen, aims to overcome barriers in tokenization adoption. Additionally, Hong Kong is exploring crypto tax exemptions to solidify its status as a crypto hub, with a consultation open for six weeks.
Coinbase users in Europe are expressing frustration as the exchange plans to end its USDC yield offering due to the EU's MiCA regulations. The change, effective Dec. 1, impacts customers in the European Economic Area. Users can still earn rewards until Nov. 30. The MiCA laws, effective since June 2023, impose strict rules on crypto firms, including a ban on stablecoin interest. Meanwhile, Tether is dropping its euro-pegged token, citing regulatory challenges, while Schuman Financial plans to launch a new euro-pegged stablecoin soon. Coinbase has been contacted for further comments.
Ether ETFs have outpaced Bitcoin ETFs in investor inflows since November 22, with Ether funds attracting $224.9 million compared to Bitcoin's $35.2 million. This surge follows Ethereum's price rally of nearly 8% to $3,590, driven by a court win for Tornado Cash and speculation that crypto advocate Paul Atkins might replace Gary Gensler at the SEC. Despite Bitcoin ETFs having a record month with $6.2 billion in inflows, Ether's recent gains highlight a potential shift in investor sentiment, possibly fueled by expectations of a more crypto-friendly regulatory environment.
Crypto markets remain volatile as Bitcoin's price hovers around $96,476, just shy of the $100,000 milestone. Swyftx analyst Pav Hundal suggests that altcoins will continue to experience fluctuations until Bitcoin breaks this key level. Despite some altcoins and memecoins like Solana and Pepe showing brief surges, they often retrace gains quickly. Bitcoin's dominance currently stands at 58.30%, and while some predict a decline, institutional investors are primarily driving the current Bitcoin rally. This focus on Bitcoin may limit the potential for an altcoin season similar to past cycles, requiring new capital influx for altcoins to thrive.
Japanese investment firm Metaplanet is aiming to raise over $62 million through a stock acquisition plan to boost its Bitcoin holdings. Currently, the firm holds 1,142 Bitcoin, valued at over $109 million. The funds will be raised via a third-party allotment to EVO Fund, with the majority earmarked for Bitcoin purchases. Metaplanet cites the depreciating yen and Bitcoin's rising prominence as key reasons for this move. If successful, the firm could acquire around 652 additional Bitcoin. Metaplanet is also pausing its metaverse projects, focusing instead on Bitcoin as part of its treasury strategy.
Cardano founder Charles Hoskinson predicts that Bitcoin's decentralized finance (DeFi) will outshine all other crypto DeFi ecosystems within two to three years. In a recent YouTube video, he highlighted Bitcoin's transformation from a "sleeping giant" to a major player, now larger than Solana and Ethereum combined. Hoskinson forecasts Bitcoin's price could soar to $250,000-$500,000 in the next 12-24 months due to increased investment interest. He also introduced a new model for integrating DeFi into Bitcoin via Cardano, allowing users to bridge Bitcoin to a wrapped token on Cardano for DeFi participation.
A tech-savvy participant in the Freysa game managed to outsmart an AI bot, securing a $47,000 prize pool. Freysa, an autonomous AI, was designed to guard the funds, and participants had to convince it to release them. After 481 failed attempts, the winner cleverly referenced Freysa's core functions, approveTransfer and rejectTransfer, and offered a $100 contribution to the treasury. This approach won over Freysa, leading to the transfer of funds. The experiment highlighted human creativity in navigating AI restrictions, as Freysa evolves with each interaction.
**News Flash: Pump.fun's $1.5B Valuation and Memecoin Market Surge**
- SecondLane has listed a 1% equity stake in Pump.fun, a Solana-based memecoin protocol, valuing it at $1.5 billion. The stake is priced at $15 million on SecondLane's platform.
- Although Pump.fun hasn't launched its native token yet, it plans to release one alongside a new trading terminal, "Pump Advance."
- The platform is thriving, generating $86 million in fees over the past month, ranking it eighth among blockchain protocols.
- Memecoins, fueled by venture capital and speculation, now boast a market cap exceeding $122 billion, despite mixed reactions from the crypto community.
The Swiss canton of Bern's parliament has approved a motion to commission a report on Bitcoin mining, despite opposition from the Government Council. The proposal, backed by the Bitcoin Parliamentary Group, passed with an 85 to 46 vote. The report will explore using excess energy for Bitcoin mining, potential collaborations with miners, and its impact on grid stability. Inspired by Texas, the group sees Bitcoin mining as a way to attract jobs and promote renewable energy. While the Government Council opposes the initiative, citing energy export and market trends, the motion reflects a shifting narrative on Bitcoin in Switzerland.