XRP’s Path to $6.60 🚀
XRP has surged 297% in November 2024, achieving its highest monthly #ROI since 2017 and breaking its 2021 peak with a close at $1.95.
Analysts predict a potential rise to $6.60 by 2025, citing Fibonacci extensions and its historical correlation to BTC. Whale and retail investors have accumulated $1.6 billion in XRP within three weeks, and XRP wallets have surpassed 5.5 million for the first time. Futures market open interest has doubled since late November, reflecting growing interest. With bullish momentum and minimal resistance, XRP could close 2024 at its highest yearly level, setting the stage for further growth.
This is bullish!
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#Binance
#crypto2024
🚀 Bitcoin enthusiasts, brace yourselves! DMM Bitcoin, a major Japanese crypto exchange, is set to close by March 2025 after a massive hack led to losses over $300 million. Despite valiant recovery efforts, the exchange couldn't bounce back, leading to a decision to transfer all assets to SBI VC Trade. 🌐
SBI VC Trade will take over customer accounts and assets, with plans to expand services by offering 14 crypto spot trading options. This transition is expected to wrap up by Q1 2025. 📈
While DMM Bitcoin's closure marks a significant event, the resilience and potential of Bitcoin continue to shine. Stay optimistic, BTC believers! 🌟
$ZEC /USDT Set to Surge: Key Levels to Watch for the Next Big Move
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$ZEC /USDT is showcasing strong bullish momentum on the 15-minute chart, currently trading at $74.03 after a significant 25% gain. The price is consolidating near its recent highs, hinting at an impending breakout. The key resistance to watch is $75.50 a breakout above this level could drive the price toward higher targets of $74.50, $75.00, and $75.50.
On the downside, $73.00 serves as critical support, and holding above this level is vital to maintain bullish sentiment. Traders can consider entering around $74.00 with a stop loss at $73.50 to manage risk effectively. Keep a close eye on volume as ZEC edges closer to a decisive move. This setup offers a promising opportunity for both short-term gains and volatility-driven trades.
#ThanksgivingBTCMoves #XRPReclaimsTop3
Breaking News for $SHIB Holders!
The Shiba Inu team is making waves with a game-changing announcement: 99% of the total $shib supply is set to be burned!
Why is this Huge for Shiba Inu?
Token burns significantly impact supply and demand dynamics. Here’s what it could mean for $SHIB:
1️⃣ A Leaner Supply
Fewer tokens in circulation can mean higher value per token if demand remains strong.
2️⃣ Price Potential
Reducing supply often sparks interest, possibly driving a surge in $SHIB’s price.
3️⃣ Strengthening Trust
This bold move signals the team’s dedication to $SHIB’s future, building confidence in the community.
What’s Next for $SHIB ?
A 99% burn is monumental, but the market remains unpredictable. While there’s no guarantee, this could mark a turning point for Shiba Inu’s journey.
Stay alert, $SHIB Army—the excitement is just beginning!
Follow for more updates and insights as this story develops.
#shiba⚡
🤔 Why Has The #Bitcoin Price Never Surpassed $100,000? Here’s an Analyst’s View
Bitcoin started the week on a downward note, dropping nearly 2% to around $95,000 before recovering.
BTC has been hovering between $90,000 and $98,000 for the past two weeks, struggling with persistent resistance at the psychological $100,000 level.
Valentin Fournier, an analyst at BRN, noted the significant hurdles preventing Bitcoin from surpassing this milestone. “Despite strong market catalysts and rising investor confidence, Bitcoin continues to struggle with the psychological barrier of $100,000,” Fournier wrote in an email.
💬 “Profit taking is evident and a significant sell wall of over 4,000 Bitcoins worth approximately $384 million needs to be cleared for further highs to be reached.”
Broader macroeconomic conditions, particularly Fed rate expectations, are also weighing on Bitcoin. Recent data suggests a shift in investor sentiment around the Fed’s next moves. The CME FedWatch tool shows the probability of a 25 basis point rate cut at the Federal Open Market Committee (FOMC) meeting on Dec. 18 has dropped to 61% from 67% last Friday.
This week, investors are keeping a close eye on critical economic reports and Fed officials’ speeches that could impact Bitcoin’s price trajectory. Key events include:
🔺 November Nonfarm Payrolls Report, US Unemployment Rate
🔺 Speech by FED Chairman Jerome Powell
🔺 Two speeches by SEC Chairman Gary Gensler
You can find the date, time and other details of the developments that will take place this week in the Bitcoinsistemi.com special weekly calendar below.
#BTC
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