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SelfKey (
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Why Bitcoin Will Easily Surpass $100,000: The Ultimate Proof Bitcoin transactions from other exchanges to Binance are at record lows. By changing the Exchange to Exchange Flow indicator, the market may gain “increased stability and confidence.” Bitcoin Exchange Flows Fall to Record Lows: Market Impact Given Binance's position as the biggest cryptocurrency exchange by worldwide trading volume, this pattern of lower Bitcoin movement is noteworthy. Wedson cited numerous causes for this pattern. Binance "liquidity consolidation" is a big factor, the expert said. Binance is the largest trading volume exchange, therefore traders don't need to move assets to obtain liquidity. Wedson highlighted that many market players now prefer to operate directly on Binance without inter-exchange moves due to this simplicity. Second, stablecoins like Tether (USDT) and USD Coin (USDC) have limited Bitcoin's exchange transfer middleman function. BTC was formerly a bridge currency. However, stablecoins, which have reduced volatility and transaction costs, are increasingly favored for such transactions, reducing Bitcoin's use. Finally, the analyst linked the falling Bitcoin flow to “growing confidence in both Binance and the broader cryptocurrency market.” Written by Wedson: Binance received massive quantities of BTC during dumps, signifying fear and widespread selling. Today, higher investor trust in Binance and the market may explain this lessened influx. Why Is This Good? The crypto ecosystem is affected by Binance's record low Bitcoin exchange volumes. As the crypto expert noted, BTC's lower fluctuation amid price decreases signals less investor concern. A more knowledgeable and experienced investor base may augur well for the bitcoin market's long-term stability. #ThanksgivingBTCMoves #MarketBuyOrHold? #MarketInTheGreen $BTC
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To achieve a new all-time high (ATH), #Cardano (ADA) must first break above the critical $1.2 resistance level and establish it as a strong support. This level is a significant hurdle in #ADA 's price trajectory, and surpassing it could signal a bullish breakout. Historically, $ADA has struggled near this price range, making it a key psychological and technical barrier. If sustained buying pressure pushes ADA past $1.2, it may attract further investor confidence and momentum. However, failing to hold above this level could lead to a bearish reversal or prolonged consolidation below this zone.
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Justin Sun Buys 100,000 New York Bananas After $6.2 Million Art Purchase Tron's Justin Sun tweeted on November 28 that he will purchase 100,000 bananas from the same fruit stall that made the duct-taped banana. Shah Alam, an Upper East Side resident, runs the famed fruit stand. Sun said that Alam's fruit stand would deliver these bananas globally for free. Since supplies are limited, the Tron creator advised everyone to bring a copy of their ID to claim their fruit. Sun's generosity follows an auction sale of a banana from the same fruit stall for $6.2 million. Sun said this is to honor the artwork and promote bitcoin. Justin Sun Appreciates Alam's Art Sun said on Twitter/X that buying hundreds of bananas from Alam's fruit stand honors life and art. He also credited Alam for publicizing the classic artwork that made millions. Justin Sun said in the same article that this project would bring art to more people and that he would visit the fruit stand to show his thanks. Sun said the duct-taped banana was commonplace, but it now has cultural and artistic significance. A banana sold at Alam's fruit stand last Wednesday was made into an artwork by Maurizio Cattelan. Catellan's piece sold for $6.2 million, with the auction house taking $1 million. Alam charges 35 cents for bananas. At the 2019 Art Basel Miami Beach International Art Fair, Catellan began his duct-taped banana artwork. Three Comedian versions sold at $120k and $130k. The artist typically ate the banana after winning an auction. Then the artist replaced the banana and continued the “Comedian” act. Sun also teased eating the banana on November 29th in another picture. Crypto entrepreneur honored pledge by eating banana in front of influencers and media at top Hong Kong hotel. He delivered a speech praising the art and compared it to crypto. Justin Sun emailed that Alam's reaction touched him. The fruit dealer liked being recognized for the duct-taped art. One story said Alam worked hard at his fruit shop. #BANANA #JustinSun @Justin Sun孙宇晨 #MarketInTheGreen
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Following strong stablecoin and ETF approval expectations, Ripple's XRP reaches $100 billion market value Bitwise's André Dragosch said retail investors' growing needs would make XRP acceptance more possible in 2025. If it breaks $1.96, XRP may rise 30% After speculations of New York authorities approved Ripple's RLUSD stablecoin, XRP rose around $2 on Friday. Growing demand for an XRP ETF might speed its introduction in 2025. Ripple's XRP is optimistic ahead of stablecoin clearance and ETF debut. After encouraging developments on its stablecoin release and ETF certification, XRP gained double-digits on Friday. The remittance-based coin rose 17%, surpassing BNB as the fifth biggest cryptocurrency and hitting $100 billion. News that the New York Department of Financial Services (NYDFS) may approve Ripple's new stablecoin, RLUSD, for a December debut may explain the spike, according to Fox Business. With a regulated stablecoin, Ripple hopes to provide clients a dependable alternative to XRP without the volatility and regulatory uncertainty of digital currencies. This would pit Ripple against Tether and Circle in New York's regulated digital finance sector. Bitwise researchers said Friday that an XRP ETF is more likely to get SEC approval in 2025. Retail investors seek for XRP 4th in allocation, according to the research. Investors seem to be aggressively pursuing XRP exposure. The survey also noted that XRP's many application cases, notably in conventional banking system cross-border transfers, strengthen its worth. Coinglass data shows $24.75 million in liquidations in the previous 24 hours while XRP rose over 17%. Long and short liquidations were $7.58 million and $17.17 million. A rounded bottom pattern is forming as XRP approaches the 2021 $1.96 high. XRP might rise 30% to $2.58 if it fails to reject at $1.96. The RSI is deep in the oversold range, suggesting prices are hot and may correct. The thesis fails if the weekly candlestick closes below $1.35. #MarketBuyOrHold? #MarketInTheGreen #BitwiseFiles10ETFs $XRP
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The $NULS appears to have broken the $0.40 barrier, signaling potential bullish momentum. If Bitcoin (BTC) remains stable, NULS could reach $0.60 in a short time. The rising performance of #XRP and Ethereum ( $ETH ETH ) is also contributing strength to #NULS , indicating a synergistic effect within the crypto market. With market trends aligning favorably and increased investor confidence, NULS seems poised for further growth. This highlights the importance of closely monitoring $BTC ’s stability and the broader market movements to capitalize on opportunities.
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