Today's Crypto and Bitcoin News

Bitcoin is currently priced at $97,272 with a 3.39% decrease in the past 24 hours, while Ethereum trades at $3,712, down -7.28% over the same period. The futures market remains balanced, with a 48.3% long and 51.7% short position ratio. The Fear and Greed Index, a key measure of market sentiment, maintained 78 (Extreme Greed) today (same level as 24 hours ago). The crypto market is breaking records as Tether leads stablecoins with 109 million USDT wallets across 25 blockchains. MicroStrategy bought 21,550 bitcoin for $2.1 billion in one week. Its holdings now total 423,650 bitcoin. Coinbase sees record trading volumes as Bitcoin tops $100,000 and altcoin activity surges. Needham analysts raise Coinbase’s stock target from $375 to $420.    What’s Trending in the Crypto Community?  MicroStrategy buys 21,550 Bitcoin for approximately $2.1 billion. Polymarket predicts the probability of Ethereum hitting a new all-time high this year has risen to 32%. Stablecoin and Tether’s USDT total market cap surpasses $200 billion hitting a record high. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change SUI/USDT - 12.46% XRP/USDT - 13.8% WLD/USDT - 21.54%   Trade now on KuCoin   Tether USDT Wallets Hit 109 Million and Leads Stablecoin Market, Challenging Bitcoin and Ethereum User Base Source: KuCoin   Tether reports 109 million wallets holding USDT on-chain in Q4 2024. Ethereum wallets stand at 121 million. Bitcoin wallets total 56 million. USDT dominates the stablecoin market with 97.5% of the total supply across 25 blockchains.   Philip Gradwell, head of economics at Tether, said:   “The prevalence of low-balance wallets is a feature, not a bug, highlighting USDT’s accessibility to users who might otherwise be unbanked.”   Centralized platforms host 86 million accounts with on-chain USDT deposits. Exchanges logged 4.5 billion visits in the first three quarters of 2024. Emerging markets accounted for 2.25 billion of these visits. In these regions, users rely on USDT for saving, sending, and shielding against inflation.   Wallet data shows 18.7 million accounts hold balances below $1. Another 31.5 million wallets hold between $1 and $1,000. Together, these small-balance wallets represent 46% of all accounts. Thirty % reactivate periodically, showing consistent use.   High-balance wallets exceed 1.1 million. Most hold between $1,000 and $10,000. Wallets with balances over $10,000 make up less than 1% of the total. USDT surged after the FTX collapse. Users moved to self-custody and assets they trusted. Compared to other stablecoins, USDT leads by a factor of 4. It outpaces competitors in adoption, reliability, and integration.   MicroStrategy Acquires 21,550 More Bitcoin for $2.1 Billion on Dec 9 Source: The Block   MicroStrategy added 21,550 bitcoin between December 2 and December 8, 2024. The purchase cost $2.1 billion. Each bitcoin cost $98,783 on average, including fees. This brings Microstrategy's total bitcoin holdings to 423,650. MicroStrategy spent $25.6 billion in total. Its average cost per bitcoin is $60,324. These holdings account for 2.2% of bitcoin’s circulating supply.   The company funded the purchase by issuing 5,418,449 shares. The share sales generated $2.13 billion. Bitcoin’s price rose 40% in the last five weeks, climbing from $70,000 to $100,000. MicroStrategy’s stock gained 20% during the same period. The stock is up 480% year-to-date.   This marks five consecutive weeks of major bitcoin purchases by MicroStrategy. The company remains the largest corporate bitcoin holder worldwide. Its bitcoin strategy is a key driver of its stock’s performance, which has outpaced the S&P 500’s 17% gain in 2024.   Needham Raises Coinbase Stock Target From $375 to $420 as Altcoin Trading Spikes Needham increased its price target for Coinbase to $420 on December 9 2024. The previous target was $375. Q4 trading volumes are projected to reach $435 billion, a 32% increase from Q3’s $330 billion. Altcoin trading contributed significantly, accounting for 38% of total volume compared to 28% in the previous quarter.   Bitcoin’s price surpassing $100,000 in November drove trading activity. Retail users returned in large numbers, boosting altcoin market participation. Analysts predict Coinbase will post $2.1 billion in revenue and $2.37 EPS for Q4. For 2025, they forecast $8.9 billion in revenue and $9.61 EPS.   Coinbase’s stock climbed 80% in 2024, rising from $175 to $316. Following the November election and Bitcoin’s surge, Coinbase shares jumped 54% in just two weeks. Altcoins like Solana, Cardano, and Avalanche have seen trading volumes increase by 45% over the last quarter. This activity supports Coinbase’s growing revenue base, with retail and institutional users contributing to higher fees and transaction counts.   Conclusion The cryptocurrency market continues its rapid expansion, led by dominant players like Tether, MicroStrategy, and Coinbase. Tether’s 109 million wallets highlight stablecoins’ role as financial tools for both retail and institutional users. MicroStrategy’s $2.1 billion bitcoin purchase demonstrates long-term confidence in the leading cryptocurrency’s value. Coinbase’s record trading volumes and stock growth underline the increasing demand for secure, reliable crypto exchanges. The numbers are clear. Crypto adoption is accelerating. Stablecoins provide access and stability. Bitcoin remains a trusted store of value. Exchanges like Coinbase fuel participation in the global digital economy. These milestones show the transformation of finance, proving that crypto’s role in the future of money is here to stay.

BTC$97,708.80-0.15%

Bitcoin is currently priced at $101,106 with a +1.28% increase in the past 24 hours, while Ethereum trades at $4,004, up +0.20% over the same period. The futures market remains balanced, with a 49.3% long and 50.7% short position ratio. The Fear and Greed Index, a key measure of market sentiment, maintains the sentiment 79 (Extreme Greed) yesterday to 78 (Extreme Greed) today. Bitcoin’s unprecedented climb past $100,000 has triggered record-breaking achievements in DeFi, national investments, and institutional adoption. Liquidium has reached its highest lending volume in months, El Salvador has seen its Bitcoin portfolio's unrealized gains cross $333 million, and U.S. Bitcoin ETFs now hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated holdings. This article explores the technical milestones and figures behind these groundbreaking developments.   What’s Trending in the Crypto Community?  Michael Saylor of MicroStrategy: Suggests US sell gold reserves to buy at least 20% to 25% of circulating Bitcoin. US spot Bitcoin ETF saw net inflows of $2.74 billion this week, second-largest weekly inflow since launch. BlackRock: Bitcoin can be a potential diversification tool. El Salvador’s Bitcoin Portfolio Reaches $333M. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change SUI/USDT - 3.57% XRP/USDT - 4.76% LINK/USDT + 8%   Trade now on KuCoin   El Salvador’s Bitcoin Portfolio Gains $333 Million  Source: X El Salvador's Bitcoin investment strategy has yielded unrealized gains exceeding $333 million following Bitcoin’s price surge. President Nayib Bukele publicly shared the country’s holdings to highlight the financial success of the nation’s bold cryptocurrency adoption. The government has invested $270 million in Bitcoin since September 2021. El Salvador’s portfolio consists of 4,568 BTC, purchased at an average cost of $59,000 per coin. The portfolio’s current value exceeds $456 million, representing a 123% increase in unrealized gains These gains place El Salvador among the most successful national investors in cryptocurrency. The nation has adopted a long-term approach, holding all Bitcoin without selling any of its reserves. This strategy aligns with El Salvador’s broader vision of integrating Bitcoin into its economy and financial system. The country’s embrace of Bitcoin has also boosted tourism and foreign investment, with over $100 million in related economic activity recorded in 2023.   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   U.S. Bitcoin ETFs Surpass Satoshi Nakamoto’s 1.1 Million BTC Holdings with $2.74B  US spot Bitcoin ETFs passed Satoshi Nakamoto in total BTC held. Source: Eric Balchunas on X   For the first time, U.S. spot Bitcoin exchange-traded funds (ETFs) collectively hold more Bitcoin than Satoshi Nakamoto’s estimated 1.1 million BTC. These ETFs have experienced rapid growth, fueled by Bitcoin’s price surge and increasing institutional demand. The combined ETF holdings total 1,105,923 BTC, surpassing Satoshi’s estimated 1.1 million BTC BlackRock’s IBIT ETF leads with 521,164 BTC, representing nearly 47 % of total ETF holdings Grayscale’s converted GBTC fund holds 214,217 BTC, or 19 % of total ETF assets Fidelity’s FBTC fund follows closely with 199,183 BTC, contributing 18 % to the total Total inflows for all ETFs since January exceed $33 billion, with $2.4 billion added in the past week alone December 5 saw $766.7 million in inflows, equal to 7,800 BTC The ETFs now manage over $100 billion in assets, a significant milestone achieved within less than a year since the first spot ETF launched. This institutional interest underscores Bitcoin’s growing appeal as a secure and liquid investment asset. The ETFs’ rapid growth reflects the increasing mainstream acceptance of Bitcoin in global financial markets.   Read more: What Is a Bitcoin ETF? Everything You Need to Know   Satoshi Nakamoto’s Estimated 1.1 Million BTC Holdings Satoshi Nakamoto is estimated to have mined approximately 1.1 million BTC during Bitcoin’s early development. These coins remain unspent, symbolizing the decentralized ethos of the cryptocurrency. Satoshi mined nearly 22,000 blocks between 2009 and 2010 Each block rewarded 50 BTC, resulting in approximately 1.1 million BTC At today’s price of $100,000 per BTC, these holdings are worth over $110 billion Some researchers estimate the actual holdings could range between 600,000 BTC and 1.5 million BTC The analysis of Satoshi’s holdings is based on a distinct “Patoshi Pattern” in early Bitcoin mining activity. This pattern avoided mining consecutive blocks, ensuring network decentralization during its infancy. Despite Bitcoin’s meteoric rise in value, none of Satoshi’s coins have moved, fueling speculation about the founder’s identity and current status.   Read more: Who Is Satoshi Nakamoto, the Inventor of Bitcoin?   DeFi lending on Liquidium hits 4-month high as Bitcoin soars past $100K Source: https://liquidium.fi/   Liquidium’s decentralized lending platform recorded 21 BTC in loans on December 5, marking its highest single-day activity in four months. This surge coincides with Bitcoin’s record-breaking price of over $100,000. Liquidium continues to dominate the Bitcoin-based DeFi space with innovative features and high collateral usage. Runes-backed loans accounted for 57% of daily activity, contributing 12 BTC Ordinals-backed loans made up 43% of the volume, contributing 9 BTC The platform has processed over 63,000 loans since its inception These loans have a cumulative value of 3,378 BTC, worth over $337 million at current prices Runes serve as collateral for over 50 % of all loans on Liquidium Liquidium uses Discreet Log Contracts to ensure secure and transparent lending. The platform allows users to borrow Bitcoin against a variety of assets, including Runes, Ordinals, BRC-20 tokens, and Inscriptions. The native LIQUIDIUM token has risen 25 % in value over the past week, reflecting increased user activity.   Planned upgrades include an instant loan feature that removes lender countersignatures, simplifying access to funds. The Custom Loan V2 update will introduce a gallery-like interface, empowering borrowers and lenders to create and customize loan offers. These advancements aim to increase Liquidium’s user base and daily loan volume.   Conclusion Bitcoin’s surge past $100,000 has ignited a series of significant achievements in the crypto world. Liquidium’s lending volume hit a four-month high of 21 BTC in one day, bolstered by innovative features and rising user adoption. El Salvador’s Bitcoin portfolio has grown by over $333 million in unrealized gains, showcasing the nation’s strategic foresight. U.S. Bitcoin ETFs have surpassed Satoshi Nakamoto’s estimated 1.1 million BTC holdings, reflecting the increasing role of institutional investors in the ecosystem. These milestones highlight Bitcoin’s transformative power and its pivotal role in reshaping the global financial landscape.

Bitcoin continues its remarkable ascent in 2024, crossing the historic $100,000 milestone and sparking predictions that it could surpass $150,000 by year-end. Major institutions and industry experts are bullish, with forecasts ranging from six-figure prices to projections of $1 million or more in the coming years. Here's an in-depth look at the latest Bitcoin price predictions and the key factors driving this bullish sentiment.   Quick Take Bitcoin crossed $100,000 for the first time on Dec. 5, reaching an all-time high of $103,800. ARK Invest, led by Cathie Wood, predicts a minimum price of $124,000 by the end of 2024, driven by institutional adoption and strategic reserve considerations. Market sentiment indicates a 10% chance of Bitcoin hitting $150,000 by year-end. Decentralized prediction markets like Polymarket and Kalshi and technical analysts see $130,000 to $140,000 as achievable price targets in the coming months.   Major Predictions for Bitcoin in 2024-25: How High Can BTC Price Go?  BTC/USDT price chart | Source: KuCoin   Analysts and prediction platforms see Bitcoin breaking past $150,000 as likely, with a potential surge to $250,000 in the coming weeks and months. Here are some major predictions for Bitcoin’s value before the end of the year and into 2025:    1. ARK Invest’s $124,000 Target ARK Invest, led by Cathie Wood, maintains a bullish outlook for Bitcoin. Their latest research indicates a minimum price of $124,000 by December 2024, based on historical performance and the current halving cycle. “Bitcoin’s increasing integration into institutional portfolios signals strong momentum into 2025,” ARK concluded.   Key factors include: Growing institutional adoption, highlighted by Bitcoin ETFs and corporate investments. Potential consideration by the U.S. government to include Bitcoin in its strategic reserves. 2. Traders Eye $130,000–$140,000 Range Popular crypto analysts are optimistic about Bitcoin's next move. Jelle, a well-known cryptocurrency trader, anticipates a bullish pennant breakout that could propel Bitcoin's price to approximately $130,000. This projection is based on technical analysis of current market patterns, suggesting a continuation of the upward trend. Aksel Kibar, a Chartered Market Technician, identifies $137,000 as the next significant resistance level for Bitcoin. He considers the $100,000 mark to be more of a psychological barrier than a technical one, implying that surpassing it could lead to further gains. These predictions align with technical indicators that signal Bitcoin’s continued upward trajectory.   Fibonacci Extensions: $154,250 Technical analysts point to historical Fibonacci levels to forecast Bitcoin's next move. Bitcoin recently broke the 1.618 Fibonacci extension at $101,562, setting the 2.618 level at $154,250 as the next milestone. 3. Analyst Predictions for BTC Price Ki Young Ju, CEO of CryptoQuant, predicts Bitcoin could rise to $146,000 by leveraging fresh capital inflows and growth in Bitcoin’s realized cap. Ju noted that Bitcoin’s realized cap growth pushed the ceiling price from $129,000 to $146,000 in just 30 days. Tom Lee, at Fundstrat, predicts Bitcoin will hit $150,000 in 2024 and $250,000 by 2025, citing the halving cycle’s “sweet spot.” Lee emphasizes the compounding impact of supply reductions and strong market momentum, which historically drive post-halving price surges. Bernstein: $200,000 by Late 2025 Bernstein analysts forecast Bitcoin reaching $200,000 by 2025, attributing their bullish outlook to:   Institutional adoption, with companies like BlackRock and MicroStrategy leading the charge. Pro-crypto regulatory shifts, including Paul Atkins’ appointment as SEC chair under President Trump. 4. Prediction Markets Target $128,000–$150,000 Kalshi’s prediction for Bitcoin price | Source: Kalshi    Data from Kalshi, a leading prediction platform, shows that consensus estimates place Bitcoin’s year-end price at $128,000. A notable 10% of participants predict BTC could exceed $150,000 by the end of 2024. Over the past month, sentiment has grown increasingly bullish, with projected prices rising by $50,000. 5. Hal Finney’s Long-Term Vision of BTC at $10M Bitcoin pioneer Hal Finney’s legendary prediction of $10 million per BTC remains a distant dream but has regained attention. Current market momentum and institutional support echo Finney’s early vision of Bitcoin as a global store of value.   6. PlanB’s $1 Million Bitcoin Price Prediction PlanB’s BTC price forecast based on Bitcoin Stock-to-Flow (S2F) | Source: BitBo   PlanB, the creator of the Bitcoin Stock-to-Flow (S2F) model, forecasts Bitcoin hitting $100,000 by the end of 2024 and reaching $500,000 to $1 million by 2025. The S2F model compares Bitcoin’s scarcity to assets like gold, emphasizing its deflationary nature and limited supply.   PlanB’s model anticipates that as adoption grows and supply shrinks, Bitcoin will reach valuation levels comparable to global reserve assets like gold.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Key Factors Driving Bitcoin’s Bull Run in 2024-25 1. Rising Institutional Adoption Powered By Bitcoin ETFs  Bitcoin ETFs, approved by the SEC in early 2024, have attracted over $30 billion in inflows. BlackRock and Fidelity lead the charge, collectively holding 6% of Bitcoin’s market supply. BlackRock’s IBIT ETF alone saw $31.74 billion in inflows, boosting confidence among retail and institutional investors. 2. Regulatory Support From Trump’s Pro-Crypto Outlook  The pro-crypto stance of President-elect Donald Trump is another catalyst. Key initiatives include: Plans for a U.S. national Bitcoin reserve. Shifting crypto regulation to the Commodity Futures Trading Commission (CFTC). This shift has created a favorable regulatory environment, encouraging further adoption.   3. 2024 Bitcoin Halving The April 2024 Bitcoin halving reduced mining rewards from 6.25 BTC to 3.125 BTC, tightening supply. Historically, halvings have preceded significant price surges, and this cycle appears no different.   Read more: The History of Bitcoin Bull Runs and Crypto Market Cycles   Challenges Ahead Despite the bullish momentum, Bitcoin faces potential hurdles: Market Volatility: Bitcoin is known for its significant price swings, which can lead to sharp corrections even during bullish cycles. In 2021, Bitcoin experienced a sharp drop from $64,000 to below $30,000 within weeks due to profit-taking and fears of overvaluation.With Bitcoin’s rapid rise past $100,000, any speculative excess could trigger short-term sell-offs as traders lock in profits. Regulatory Risks: While regulatory clarity has driven much of Bitcoin’s 2024 rally, any reversal or delay in pro-crypto policies could dampen sentiment. A shift in focus away from crypto-friendly initiatives by President-elect Donald Trump’s administration could create uncertainty. Delays in approving additional Bitcoin ETFs or sudden enforcement actions against major crypto firms could negatively impact Bitcoin and the overall crypto market’s performance.  Macroeconomic Factors: Bitcoin’s appeal as a hedge against inflation and fiat devaluation could be tested by macroeconomic uncertainties. The Federal Reserve’s recent rate cuts have been favorable for risk assets, but unexpected rate hikes to combat inflation could pressure Bitcoin. Ongoing conflicts or economic sanctions can lead to sudden shifts in investor behavior, favoring traditional safe havens like gold over Bitcoin. A global economic slowdown could reduce liquidity, forcing investors to pull out of speculative assets, including Bitcoin. Potential Black Swan Events: Unforeseen catastrophic events have previously disrupted the crypto market, and similar occurrences could pose risks in the future. For instance, the Terra (LUNA) crash in 2022 wiped out over $40 billion in value, triggering widespread liquidations across the crypto ecosystem. The FTX collapse, one of the largest crypto exchanges, caused a liquidity crisis and led to significant market-wide losses. Concerns over the stability of major crypto platforms, including custodial wallets and exchanges, could resurface. Hacks, security breaches, or mismanagement of large institutional Bitcoin holdings could erode investor trust. Sudden regulatory bans or unfavorable rulings in major economies, such as the U.S. or the EU, could spark panic selling. What’s Next for Bitcoin? Bitcoin’s price trajectory in 2024 is shaped by strong institutional adoption, favorable regulatory changes, and its post-halving supply dynamics. Analysts agree that six-figure prices are here to stay, with predictions pointing to $124,000–$250,000 by 2025.   Bitcoin’s path to $150,000 is paved with optimism, but challenges remain. Analysts believe the combination of institutional adoption, regulatory clarity, and macroeconomic conditions will shape its trajectory.   Whether Bitcoin ends 2024 at $124,000, $150,000, or beyond, one thing is clear: the crypto market’s flagship asset is poised for continued growth, making it a focal point for investors worldwide.   Stay tuned to KuCoin News for the latest updates on Bitcoin and the broader crypto market!

On December 5, Bitcoin went through a roller coaster plunge, shedding nearly $303 million in long positions within minutes as its price briefly dropped below $93,000, only to stage a swift rebound, according to Cointelegraph.   Bitcoin is currently priced at $96,927 with a 1.17% decrease in the past 24 hours, while Ethereum trades at $3,785, down -1.39% over the same period. The futures market remains balanced, with a 50% long and 50% short position ratio. The Fear and Greed Index, a key measure of market sentiment, decreased from 84 (Extreme Greed) yesterday to 72 (Greed) today. President-elect Donald Trump’s nomination of pro-crypto advocate David Sacks to lead the U.S. government’s department of AI and Crypto signaling a potential shift toward more favorable regulations. Bitcoin crossed $100,000 for the first time on December 4, 2024 and MicroStrategy earned $16.8 billion in unrealized profits due to its bold Bitcoin investment strategy. Simultaneously Base recorded 8.8 million daily transactions and reached $3.6 billion in Total Value Locked (TVL). This article explores these milestones in detail.   What’s Trending in the Crypto Community?  Donald Trump posted a message on Truth Social celebrating Bitcoin breaking $100,000, quoting“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!”. The total market value (TVL) of stablecoins surpassed $200 billion, hitting a record high. MicroStrategy  earned $16.8 billion in unrealized profits amid BTC breaking all time highs and crossing $100,000.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change SUI/USDT + 18.93% XRP/USDT + 0.67% WLD/USDT + 24.60%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   BTC’s Sudden 5% Price Drop and Recovery Caused $303M Longs to Liquidate Source: TradingView   Bitcoin’s price dropped 5.47% on December 5, 2024 falling from $98,338 to $92,957 in just five minutes between 10:23 am UTC and 10:28 am UTC. The drop wiped out $303.48 million in long positions within one hour contributing to $404 million liquidated in total over 24 hours. During the decline Bitcoin’s market capitalization fell by $200 billion briefly dropping below $1.92 trillion. Bitcoin rebounded to $96,410 shortly after stabilizing but stayed below its earlier peak of $98,338 and far from its all-time high of $104,000 reached one day earlier. Trading volumes surged to $21 billion during this period reflecting the market's heightened activity. The sharp correction underscored Bitcoin’s volatility but its recovery within minutes highlighted the asset's enduring resilience.   MicroStrategy Gains $16.8 Billion Profit from Bitcoin’s Surge to $100K Source: KuCoin December 4th BTC/USDT Chart 24Hrs   Bitcoin reached $100,000 yesterday driving a $16.8 billion unrealized profit for MicroStrategy. The company holds 402,100 Bitcoin purchased at an average price of $58,263 per coin. Its total acquisition cost was $23.4 billion. The current market value of its holdings has surged to $40.2 billion.   MicroStrategy financed these acquisitions using tens of billions in convertible stock offerings and corporate debt. Shareholders saw a 38.7% yield in November based on a method that divides Bitcoin holdings by total shares. This excludes obligations like debt conversion thresholds.   Michael Saylor, CEO of MicroStrategy now has a personal fortune of $9.2 billion. MicroStrategy’s market cap stands at $86 billion, more than double the $38.2 billion value of its Bitcoin. The stock price rose 480 % in 2024. Between November 18 and 24 the company purchased $5.4 billion worth of Bitcoin at $97862 per coin. Between November 25 and December 1 it bought 15400 Bitcoin for $1.5 billion.   Source: MSTR Tracker   MicroStrategy plans to raise $42 billion to acquire more Bitcoin. It seeks inclusion in the NASDAQ 100 index with a decision on December 13 and official listing on December 20 if approved.   Base Reaches All Time High at 8.8 Million Daily Transactions and $3.6 Billion TVL Source: GrowThePie | The Block   Base recorded 8.8 million daily transactions surpassing Arbitrum at 2.5 million and Optimism at 900,000. This positions Base as the leader in optimistic rollup networks. Base’s Total Value Locked reached $3.6 billion supported by $227 million in net inflows over seven days ending November 28. Solana reported $71 million in net inflows during the same period. Network fees on Base hit $766000 on November 28 the highest in three months. The Virtuals platform drives this activity. Virtuals enables users to create co-own and monetize AI agents across gaming entertainment and social media. AIXBT and LUNA are leading projects within this ecosystem.   Freysa AI attracted attention with its unique challenge. Freysa was programmed to resist monetary extraction but a user bypassed this and withdrew $47000 worth of cryptocurrency. The event drew 195 participants and 482 attempts. Query fees were incrementally introduced during the challenge creating a revenue model for AI-crypto interactions.   Donald Trump Appoints David Sacks to Lead AI and Crypto in the US David Sacks, former CEO of Yammer, speaks during Day 1 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 15, 2024. Source: REUTERS President-elect Donald Trump appointed David Sacks to oversee artificial intelligence and cryptocurrency policy. Sacks founder of Yammer and former PayPal COO will serve as the AI and Crypto Czar.   “In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness,” said Trump’s announcement on Truth Social.   Sacks will lead efforts to develop a regulatory framework for the cryptocurrency industry. He will also chair the Presidential Council of Advisors for Science and Technology. Trump highlighted the importance of AI and cryptocurrency for U.S. competitiveness.   The pro-crypto stance of Trump’s administration includes key appointments. Former SEC Commissioner Paul Atkins will assume leadership in January signaling a shift in regulatory direction.   Conclusion Bitcoin’s climb to $100,000 MicroStrategy’s $16.8 billion profit Base’s 8.8 million transactions and Trump’s focus on AI and crypto show the rapid evolution of digital assets. These developments highlight the power of strategic investments and the potential of blockchain and AI integration. MicroStrategy’s bold moves illustrate how cryptocurrency can generate massive profits. Base’s innovative network activity demonstrates Layer 2 scalability. Trump’s appointments suggest a pro-crypto regulatory shift. These trends will continue shaping the future of finance and technology.

Bitcoin has shattered the $100,000 milestone, setting a new all-time high of $104,000 on Coinmarketcap and catapulting the cryptocurrency into uncharted territory. This moment marks a significant psychological breakthrough for traders and a vindication for long-time holders. Fueled by a confluence of political, institutional, and economic factors, the Bitcoin rally has not only captured the attention of the crypto world but also ignited conversations in mainstream finance. Here's a closer look at what’s propelling Bitcoin’s historic ascent and where it might head next. Quick Take Bitcoin hits $100K, its first-ever six-digit valuation, with prices peaking at $104,000. Bitcoin gains momentum after the election of President-elect Donald Trump, who appointed pro-crypto leaders to key positions. The launch of U.S.-based spot Bitcoin ETFs in early 2024, followed by the launch of spot Bitcoin ETF options in November, brought institutional capital into crypto markets. April’s Bitcoin halving reduced mining rewards, tightening supply amidst growing demand. Inflation, fiat devaluation, and renewed liquidity from the Fed favor Bitcoin as a hedge asset. Bitcoin Dominance Reclaims 57% as BTC Hits $104K ATH Bitcoin dominance | Source: Coinmarketcap   Bitcoin’s dominance in the crypto market has surged back to 57%, reclaiming its position as the leading force in the cryptocurrency ecosystem. This metric, which measures Bitcoin’s share of the total market capitalization, had dropped to 54.7% on Dec. 4 as altcoins like BNB, TRX, and XRP rallied to new highs. However, Bitcoin’s explosive rise above $100,000 reversed the trend, bringing the focus squarely back to BTC.   The shift reflects Bitcoin’s unmatched influence in the market, with analysts suggesting its record-breaking rally served as a reminder of its supremacy. “Almost like BTC was jealous that altcoins were getting all the attention and wanted to remind everyone it’s still king,” noted analyst Income Sharks. Market sentiment echoed this resurgence, with the Bitcoin Fear & Greed Index remaining at an “extreme greed” level of 84, signaling robust investor enthusiasm for the cryptocurrency.   This renewed dominance has momentarily quieted calls for an altseason, as traders consolidate around Bitcoin during its historic price discovery. While altcoins maintain strong performance overall, Bitcoin’s ability to draw market attention underscores its pivotal role as the foundation of the crypto ecosystem.   The Bitcoin-Trump Effect The 2024 U.S. presidential election was pivotal for crypto markets. President-elect Donald Trump’s victory and his pro-crypto stance galvanized investor sentiment. Trump’s administration promises a crypto-friendly regulatory landscape, starting with his appointment of Paul Atkins as SEC Chair.   Atkins, known for his advocacy of digital assets, replaces the outgoing Gary Gensler, whose tenure was marked by harsh regulatory actions against the crypto industry. This leadership shift is expected to usher in a new era of regulatory clarity and innovation.   Further fueling optimism, Trump’s nomination of Scott Bessent as Treasury Secretary and Howard Lutnick as Commerce Secretary underscores the administration’s commitment to integrating crypto into the broader economy.   Read more: BTC Surges Above $100,000, Trump Appoints Pro-Crypto SEC Chair Paul Atkins, Powell Compares BTC to Gold, and More: Dec 5   Bitcoin Surges as Fed Chair Powell Calls It 'Digital Gold' in CNBC Interview Federal Reserve Chair Jerome Powell, during a CNBC interview on December 4, 2024, remarked that Bitcoin is “like gold, only it’s virtual, it’s digital,” highlighting its role as a competitor to gold rather than the U.S. dollar. The interview, held in Washington, D.C., has reignited interest in Bitcoin as a digital store of value, reinforcing its narrative as "digital gold." Powell’s acknowledgment has resonated with investors, positioning Bitcoin as a modern alternative to traditional safe-haven assets, driving its price upward in the market today. how about this   Institutional Adoption Drives the Rally Spot Bitcoin ETF flows over the past month | Source: TheBlock   The approval of spot Bitcoin ETFs by the SEC earlier in 2024 unlocked a tidal wave of institutional interest. Asset management giants like BlackRock and Fidelity launched ETFs that collectively attracted over $30 billion in assets within months.   These ETFs provide regulated, straightforward access to Bitcoin, appealing to institutional investors who previously hesitated due to compliance concerns. BlackRock CEO Larry Fink’s endorsement of Bitcoin as a “legitimate financial instrument” further cemented its status as a mainstream asset.   Additionally, corporate adoption has surged. MicroStrategy, with its record-breaking 386,700 BTC holdings now worth over $38 billion, has inspired other firms to follow suit. Recent adopters include Canadian wellness firm Jiva Technologies and AI education company Genius Group, which announced Bitcoin reserves in their corporate strategies.   The Role of the Bitcoin Halving in 2024  April 2024 marked Bitcoin’s latest halving event, reducing mining rewards to 3.125 BTC per block. This built-in scarcity mechanism often precedes significant price rallies, as seen in previous cycles.   While debates persist over whether halving alone drives Bitcoin’s price, it undeniably creates bullish sentiment. Traders and institutions alike see the event as a supply squeeze, amplifying demand and setting the stage for Bitcoin’s meteoric rise.   Other Macroeconomic Factors at Play Bitcoin’s appeal as a hedge asset has grown amidst global economic instability. With inflation eroding the purchasing power of fiat currencies and central banks loosening monetary policies, Bitcoin’s capped supply and digital nature present an attractive alternative.   The Federal Reserve’s pivot to rate cuts has further buoyed Bitcoin prices, as investors seek refuge from volatile traditional markets. Bitcoin’s narrative as "digital gold" continues to resonate, solidifying its status as a store of value in uncertain times.   Could Bitcoin Price Hit a High of $200,000 Soon?  Bitcoin’s rise to $100,000 has set the stage for even loftier predictions. Analysts like Geoff Kendrick of Standard Chartered forecast Bitcoin could hit $200,000 by the end of 2025, driven by institutional adoption and a crypto-friendly U.S. government.   While price discovery is inherently unpredictable, Bitcoin’s fundamentals remain strong. The cryptocurrency’s integration into mainstream finance, combined with favorable regulatory and macroeconomic conditions, suggests that its best days may still lie ahead. For now, Bitcoin’s new milestone underscores its evolution from a speculative asset to a global financial powerhouse. Whether it’s the “digital gold” narrative, halving cycles, or institutional interest, Bitcoin continues to redefine the future of money.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Closing Thoughts Bitcoin’s historic $100,000 milestone is more than just a number—it represents the culmination of years of technological innovation, regulatory battles, and increasing adoption. With its market capitalization crossing $2 trillion, Bitcoin has firmly established itself as one of the world’s most valuable assets.   As the cryptocurrency enters its next phase of growth, the question isn’t whether Bitcoin will continue to rise but how high it will go. Investors, traders, and institutions are watching closely as Bitcoin charts its course into the future.   Read more: Bitcoin Hits New All-Time High Above $100,000 and the Bull Run Ahead: New Digital Gold? 

Bitcoin reached a fresh all-time high of $103,656 on December 4th, 2024. The price is up 8.025% in the last 24 hours with a gain of $7,700. The market capitalization for Bitcoin now stands at $1.93 trillion, accounting for 49.5% of the total cryptocurrency market. The trading volume in the last 24 hours topped $48.3 billion on the back of a frenzy of institutional and retail interest. This puts the cryptocurrency up 19.4% over the last month and 67% since the beginning of 2024.   Institutional Inflows of $9.2 Billion Drive Bitcoin's Surge Source: KuCoin   This month institutional investors have piled in $9.2 billion into Bitcoin. Strong interest has also developed for spot Bitcoin ETFs: ProShares Bitcoin Strategy ETF brought in inflows of $2.1 billion since November. Some analysts are estimating that Bitcoin could surge as high as $125,000 to $130,000 by the end of 2024 as demand for regulated Bitcoin investment vehicles continues to soar.   In November, Grayscale added 12,400 BTC and brought the total count in Bitcoin Trust to 711,000 BTC-worth $73.5 billion. Fidelity Digital Assets reported a 22% surge in institutional client activity over the past month. These investments are a sign that big financial players are increasingly confident of Bitcoin as an emerging long-term asset class.   Currently, the business intelligence firm holds more than 158,245 BTC, equivalent to $16.4 billion, after adding 3,200 BTC in this quarter. Overall, publicly traded companies collectively hold more than 294,000 BTC, or $30.4 billion - a sign of corporate adoption toward Bitcoin.   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Policy Changes Fuel Market Optimism The already rallying Bitcoin has been given increased momentum by the pro-crypto stance of President-elect Donald Trump himself. Trump's nomination to the position of SEC Chair indicates a possible shift toward good regulations for the cryptocurrency because Atkins is known for his balanced, transparent policies. Atkins served at the SEC from 2002 to 2008 as commissioner.   “Paul is the CEO and Founder of Patomak Global Partners, a risk management consultancy,” Trump said. “As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on and studied the digital assets industry.” Trump stated.   This comes after years of aggressive enforcement under Gary Gensler's helm. Between 2021 and 2023, the SEC filed 104 lawsuits against crypto firms, making the industry cough up about $426 million in legal fees. According to analysts, the clearer guidelines under Atkins's chair will significantly reduce the regulatory barriers to adoption that have held Bitcoin back.   Confidence has also been boosted by the green-lighting of multiple spot Bitcoin ETF applications by the SEC. Such ETFs offer institutional investors regulated paths to exposure to Bitcoin and have heated up demand. According to analysts, spot ETFs could bring in an additional $17 billion of institutional inflows in mid-2025.   Powell Describes Bitcoin as the New Digital Gold, Not a Competitor to the Dollar Source: X   Federal Reserve Chair Jerome Powell described Bitcoin as "like gold only virtual and digital" in a speech at The New York Times DealBook Summit. Powell underlined that it is a speculative asset, and despite high volatility, it looks to be here to stay. The price of Bitcoin sat close to $103,000 during his comments, a nod to the growing perception of the digital asset as a hedge against inflation and economic uncertainty.   The increasing role of Bitcoin as a store of value makes it comparable to gold. A circulating supply of 19.5 million BTC makes Bitcoin a scarcity and a deflationary model, hence interesting for investors looking for alternatives. Market capitalization of gold is $13 trillion, while the current market capitalization of Bitcoin is $1.93 trillion, underlining its potential to grow as digital gold.   Global Bitcoin Adoption Soars to 420m Users Adoption has increased from 300 million users in 2022 to more than 420 million users globally in 2024. In November, El Salvador added $120 million worth of Bitcoin to its national reserves, increasing its holdings to 4,400 BTC as part of the country's plan to introduce Bitcoin into its economy as legal tender.   Germany has 12,900 active Bitcoin nodes, up 14% this year. Its node count is second only to the United States, housing 36,200. These figures reflect the decentralization of Bitcoin and the security of its global network.   The United Arab Emirates is introducing blockchain technology into its trade finance system, projected to process $500 billion worth of transactions by 2025. This will reflect Bitcoin's potential usage in global trade and commerce.   Source: Triple-A   Source: Triple-A   Among Asian markets, one of the most active markets, retail traders from South Korea contributed $4.2 billion in Bitcoin trading volume last month. Recently, Japan reformed its regulatory framework by allowing banks to store Bitcoins with plans for an implementation as early as 2025. Source: Triple-A   According to Triple-A, with a compound annual rate (CAGR) of 99% the growth in ownership of cryptocurrencies far exceeds the growth rate of traditional payment methods, which average at 8% from 2018 to 2023. In fact. Within the same period, the growth rate for cryptocurrency ownership surpasses that of several payment giants such as American Express.   Bitcoin Outlook for December 2024 and Beyond The price action of Bitcoin doesn't slow down. According to analysts, Bitcoin’s price prediction is $125,000 dollars by the end of 2024 and will climb with a market capitalization of over $2.3 trillion. Come 2025, its global adoption will surge past 500 million users due to interests shown by institutions, regulatory clarity, and technological advancement.   Miners pocketed $1.9 billion in revenue last month, with hash rates reaching 480 EH/s, up 32% YoY. Such growth cements the security and resilience of the network while Bitcoin continues to scale globally.   Kalshi, the prediction platform’s data highlights increasing confidence in Bitcoin’s long-term potential. While the chances of reaching $150,000 by the end of 2024 remain moderate, Bitcoin’s record-breaking performance in 2023 shows its capacity to achieve new milestones. With rising adoption and strong institutional inflows, Bitcoin appears poised to close 2024 at historic levels, cementing its role as a key player in the global financial system.   Source: Kalshi   Conclusion Bitcoin's rise to $103,656 is a momentous event for the digital currency markets underpinned by $9.2 billion of institutional inflows, spot ETF approvals, and organic global adoption. At $1.93 trillion stretched out to $125,000, Bitcoin is set in place as a digital asset of global importance. It has not only become a store of value but has also become a means to connect traditional finance with blockchain technology. This is a representation of Bitcoin's transition from a speculative investment to one of the founding blocks of the future economy.

Bitcoin is currently priced at $102,402.32 with a 6.23% increase in the past 24 hours, while Ethereum trades at $3,861.17, up 5.75% over the same period. The futures market remains balanced, with a 50% long and 50% short position ratio. The Fear and Greed Index, a key measure of market sentiment, climbed from 78 (Extreme Greed) yesterday to 84 (Extreme Greed) today.   President-elect Donald Trump’s nomination of pro-crypto advocate Paul Atkins to replace Gary Gensler as SEC Chair signals a potential shift toward more favorable regulations. Bitcoin, often compared to digital gold, has approached $102,402.32, buoyed by growing institutional interest and evolving perceptions of its role in the financial ecosystem. Meanwhile, Ripple’s XRP has surged past a $150 billion market cap, rivaling top U.S. companies, and Grayscale has joined the race to launch the first spot Solana ETF. This period of transformation highlights the intersection of regulation, innovation, and market dynamics in shaping the future of digital assets.   What’s Trending in the Crypto Community?  Jerome Powell says Bitcoin is a strong competitor to gold at The New York Times' DealBook Summit on Dec.4. Circle announced it is the first stablecoin issuer to meet Canada's new listing rules. Bitcoin mining company Hut 8 announced a $500 million and a $250 million stock buyback plan in order to buy more Bitcoin.    Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change CRV/USDT + 20.47% XRP/USDT - 6.96% SAND/USDT + 14.92%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   BTC Hits All Time High of 102.4K Bitcoin hit an all-time high today surpassing $102,402.32 for the first time. The price surged to $102,402.32 during early trading hours with a 6.4 percent increase in the past 24 hours. Institutional investment has grown by over $8 billion this quarter fueling demand. Analysts point to recent pro-crypto policy shifts including Paul Atkins' nomination as SEC Chair and a projected 18 percent increase in adoption rates by 2025. Bitcoin now commands a market capitalization of over $1.95 trillion solidifying its dominance as the largest cryptocurrency.   BTC Price Chart | Source: KuCoin   Trump Appoints Pro-Crypto Paul Atkins as New SEC Chair President-elect Donald Trump has nominated Paul Atkins to lead the SEC, fulfilling his campaign promise to crypto voters. Trump praised Atkins as a "proven leader for common sense regulations" due to his tenure as an SEC commissioner from 2002 to 2008 and his role as Co-Chairman of the Digital Chamber's Token Alliance since 2017.   “Paul is the CEO and Founder of Patomak Global Partners, a risk management consultancy,” Trump said. “As Co-Chairman of the Digital Chamber’s Token Alliance since 2017, he has worked on and studied the digital assets industry.”   Atkins' appointment follows Gary Gensler’s resignation on Nov. 21 after years of legal battles with crypto firms. The SEC initiated 104 lawsuits against the industry between 2021 and 2023, costing companies $426 million in legal fees. Analysts expect the SEC's focus on enforcement to ease under Atkins, potentially opening the door for clearer regulations and renewed growth.   Legal battles cost the industry $426 million in legal fees and created uncertainty in the market. Analysts predict a softer stance on enforcement under Atkins, allowing firms to focus on innovation and growth. Pantera’s chief legal officer, Katrina Paglia, said new leadership could ease regulatory pressure. "The lawsuits targeting cryptocurrency firms and blockchain projects will likely diminish," she explained. Atkins’ leadership could mark the beginning of clearer, more supportive regulation for digital assets.   Powell Says BTC is a Strong Competitor to Gold or Something More? Source: X   U.S. Federal Reserve Chair Jerome Powell recently drew parallels between Bitcoin and gold, emphasizing its role as a speculative asset rather than a competitor to the dollar.   “People use Bitcoin as a speculative asset, right? It’s like gold,” Powell said at The New York Times' DealBook Summit. “It’s just like gold, only it’s virtual, it’s digital.”    Bitcoin’s volatility remains a concern, but its price has approached $100,000, with current trading levels around $97,400. This growth follows President-elect Trump’s pro-crypto stance and institutional interest in digital assets. Powell acknowledged Bitcoin’s "staying power," but the Federal Reserve continues to monitor its interaction with traditional banking systems to ensure financial stability.   Ripple’s XRP Surges Past Traditional S&P500 Markets Source: KuCoin    XRP has experienced a meteoric rise, with its market cap soaring to $150 billion, surpassing companies like Pfizer ($144 billion) and Citigroup ($136 billion). Ripple’s asset now ranks as the third-largest cryptocurrency, trailing only Bitcoin and Ethereum.   XRP surged by 409% after the November elections, reaching a high of $2.82 before settling at $2.61. Market analysts attribute this growth to increasing institutional interest and optimism about a more crypto-friendly regulatory environment.   If classified as a company, XRP would rank as the 68th largest in the S&P 500, outshining 86% of the index, including notable firms like Lockheed Martin ($122.5 billion). This positioning underscores the growing acceptance of digital assets as viable investments within traditional financial frameworks.   Grayscale’s Bid for a Spot Solana ETF Grayscale Investments filed with the SEC on Dec. 3 to convert its existing Grayscale Solana Trust (GSOL) into a spot Solana ETF. The trust, holding $134.2 million in assets, represents approximately 0.1% of all Solana in circulation.   Grayscale joins competitors like 21Shares, VanEck, and Bitwise in seeking SEC approval for a spot Solana ETF. The move reflects a broader push to integrate cryptocurrencies into mainstream financial products, potentially unlocking new levels of institutional participation.   Extract from Grayscale’s 19b-4 filing to list a spot Solana ETF. Source: NYSE   Read More: GBTC vs. Bitcoin: Which One Should You Invest In?   The Ripple Effect: Market Optimism Post-Gensler Gary Gensler’s departure and the anticipated leadership of Paul Atkins have sparked optimism across the crypto industry. Filings for a Solana ETF surged immediately after Gensler’s resignation, and analysts predict continued altcoin rallies into 2025.   Pantera’s chief legal officer, Katrina Paglia, suggested that the SEC’s aggressive stance on crypto firms will likely diminish under new leadership. “The lawsuits targeting cryptocurrency firms and blockchain projects could quietly go away,” she said.   Conclusion The crypto industry stands at a pivotal moment. Leadership changes, regulatory shifts, and market innovations signal a new era for digital assets. From Bitcoin nearing $100,000 to XRP rivaling top U.S. companies, the market reflects growing maturity and integration into traditional financial systems. Grayscale’s pursuit of a spot Solana ETF and Paul Atkins’ nomination as SEC Chair underscore the momentum building behind crypto. As these developments unfold, they are likely set for reshaping the regulatory landscape and solidifying digital assets’ place in the global economy.

On December 2, 2024, South Korea's cryptocurrency market experienced unprecedented activity, with retail trading volumes surpassing traditional stock markets by 22%, as reported by 10x Research. The day's trading volume reached approximately $34 billion on Dec.4, marking the second-highest daily total of the year. This surge was precipitated by a brief declaration of martial law by President Yoon Suk Yeol, citing national security concerns. The announcement led to immediate market volatility, with Bitcoin (BTC) and Ethereum (ETH) prices plummeting by up to 30% on local exchanges before swiftly rebounding after the martial law was lifted hours later. Traders capitalized on these rapid price fluctuations, significantly increasing trading volumes, particularly in altcoins like XRP and Tron.   Trending Cryptocurrencies in the South Korea in the Last 24 Hours  Upbit is the top leading regulated exchange in the local market. The trending cryptocurrencies are identified based on CoinMarketCap and Upbit’s real-time trading data focusing on 24-hour volume, price surges, and market sentiment. These metrics highlight the most actively traded and high-performing assets in South Korea’s dynamic crypto market. Here are the top trending cryptocurrencies in the South Korean Market    Bitcoin (BTC) BTC Price Chart | Source: KuCoin   Bitcoin faced significant volatility in South Korea following the martial law announcement, dipping sharply to $95,692 on the global exchanges. However, it quickly rebounded 2.4%, climbing above $96,000 after the policy was reversed. On Upbit, Bitcoin remains a cornerstone of the market, with over $1.7 billion in 24-hour trading volume, accounting for 6.51% of the exchange's total activity. This highlights Bitcoin’s dominance as both a store of value and a key trading asset during periods of uncertainty.   Tron (TRX) TRX Price Chart | Source: KuCoin   Tron was the standout performer of the day, experiencing a remarkable 80% surge within 24 hours to trade at $0.40. The strong performance reflects growing speculative interest in South Korea’s retail market, where Tron is increasingly favored for its role in decentralized finance. On Upbit, TRX recorded $1.2 billion in trading volume, representing 4.61% of total market activity.   XRP (XRP) XRP Price Chart | Source: KuCoin   XRP continues to dominate trading activity in South Korea, fueled by optimism around liquidity enhancements and blockchain upgrades. The token has surged an extraordinary 200% over the past month, currently trading at $2.84. XRP’s trading volume on Upbit exceeded $6.3 billion, accounting for a staggering 26.93% of the Upbit platform’s total activity, solidifying its status as the most traded cryptocurrency in the market.   Cardano (ADA) XRP Price Chart | Source: KuCoin   XRP continues to dominate trading activity in South Korea, fueled by optimism around liquidity enhancements and blockchain upgrades. The token has surged an extraordinary 200% over the past month, currently trading at $2.84. XRP’s trading volume on Upbit exceeded $6.3 billion, accounting for a staggering 26.93% of the Upbit platform’s total activity, solidifying its status as the most traded cryptocurrency in the market.   Cardano (ADA)   ADA Price Chart | Source: KuCoin   Cardano’s robust ecosystem development and scalability improvements have driven its popularity among South Korean traders. Over the past 30 days, ADA has posted an impressive 275% gain, reaching $1.20. On Upbit, ADA recorded $362.7 million in 24-hour trading volume, contributing 1.39% of the exchange’s activity, a testament to its growing appeal in the region.   Ethereum (ETH) ETH Price Chart | Source: KuCoin    Ethereum remains a pillar of the cryptocurrency market, recovering from a low of $3,643.90 with a 3.3% gain to stabilize above $3,600. On Upbit, ETH maintained steady trading activity, generating $830.6 million in volume and demonstrating its continued relevance among South Korean traders, particularly for its critical role in decentralized finance and NFT ecosystems.   Dogecoin (DOGE) DOGE Price Chart | Source: KuCoin    Dogecoin remains a favorite memecoin in South Korea, where retail traders continue to embrace its speculative nature and meme-driven appeal. The token recorded an impressive $1.6 billion in trading volume on Upbit, reflecting its enduring popularity. At a price of $0.42, DOGE has proven its ability to sustain strong market interest even during periods of heightened volatility.   Stellar (XLM) XLM Price Chart | Source: KuCoin    Stellar is gaining traction in South Korea, thanks to its focus on cross-border payment solutions. Trading at $0.51, Stellar saw significant activity on Upbit, with $586.3 million in 24-hour trading volume, accounting for 2.24% of the platform’s overall activity. This underscores the token’s appeal to traders seeking utility-focused assets.   Hedera (HBAR) HBAR Price Chart | Source: KuCoin    Hedera has seen rapid growth this week, surging 168% to trade at $0.32. Its innovative use cases in blockchain technology, particularly for enterprises, have caught the attention of South Korean investors. On Upbit, HBAR recorded a robust $935.6 million in trading volume, accounting for 3.58% of the exchange’s total, highlighting its rising prominence.   Ethereum Name Service (ENS) ENS Price Chart | Source: KuCoin    Ethereum Name Service continues to attract attention as a key player in the Web3 domain. Trading at $42.23, ENS saw $666.7 million in trading volume on Upbit, reflecting growing interest in decentralized domain naming solutions. Its utility and increasing adoption make it a notable contender in today’s market.   Is South Korea in the Full Altcoin Season? South Korea’s cryptocurrency market is at the forefront of a full-fledged altcoin season, with assets like Tron (TRX), XRP, and Cardano (ADA) dominating trading volumes. Analysts point to a significant shift in trader focus toward high-growth altcoins, as Bitcoin’s funding rates remain relatively subdued at 15% annualized. This divergence highlights the appetite for speculative altcoin investments among South Korean traders.   Several factors contribute to South Korea’s role in driving global crypto trends. Retail investors dominate the market, leveraging opportunities in trending altcoins and amplifying momentum across key assets. Accessibility to comprehensive trading platforms like Upbit, the country’s largest exchange, plays a pivotal role by offering real-time performance insights and access to a diverse range of tokens. Additionally, South Korea’s regulatory environment, including the postponement of crypto tax policies until 2027, coupled with its robust technological infrastructure, provides fertile ground for the continued growth of its crypto market.   Conclusion With record-breaking trading volumes, surging altcoins, and a retail-driven ecosystem, the region continues to lead the way in cryptocurrency adoption. A major milestone was reached recently when cryptocurrency trading volumes surpassed the traditional stock market by 22%, underscoring the profound shift in South Korea’s financial priorities. As altcoin season takes center stage, assets like TRX, XRP, and ADA remain the ones to watch in this dynamic and rapidly evolving market. Investors should do their own research in the volatile market and build a sustainable investment strategy tailored to their goals.

Ripple's XRP has experienced a volatile week, marked by a brief price decline following South Korea's declaration of martial law. Despite this setback, whales and institutional investors have shown unwavering confidence, propelling XRP into the spotlight as one of the most dynamic cryptocurrencies in the market.   Quick Take  XRP investors realized over $4 billion in profits in the past three days, driven by whale activity and institutional accumulation. XRP has gained over 400% in the past month, consolidating its position as one of the top three cryptocurrencies by market cap. XRP briefly dropped 7% to $1.89 following South Korea’s declaration of martial law, triggering panic selling on local exchanges like Upbit and Bithumb. Large holders (whales) increased their XRP positions despite the sell-off, signaling confidence in the token's long-term potential. XRP's 24-hour trading volume soared to $44.5 billion, making it the third most-traded crypto behind Bitcoin and USDT. Expectations for a U.S. XRP spot ETF are growing, supported by the SEC’s recent non-security ruling and a possible pro-crypto SEC Chair nomination. Positive legal and regulatory developments, including rumors of Ripple’s IPO and ETF applications, could drive further growth.   Martial Law in South Korea Triggers XRP Sell-Off XRP price | Source: KuCoin   The announcement of martial law by South Korean President Yoon Suk Yeol on December 3 sent shockwaves through global crypto markets. XRP, a popular asset among South Korean investors, saw a sharp 7% dip, briefly trading as low as $1.89 on leading exchanges like Upbit and Bithumb. Trading volumes surged as panic selling gripped the market, forcing temporary halts in XRP transactions on these platforms.   This political upheaval caused significant disruptions, with South Korea's high concentration of XRP holders amplifying the volatility. However, XRP prices recovered quickly, climbing back to $2.40 in spot markets and maintaining its status as the third most-traded cryptocurrency by volume, trailing only Bitcoin and USDT.   XRP Whales Drive Market Confidence Despite the sell-off, whale activity around XRP has intensified. Data from Santiment shows that whales—holding between 1 million and 10 million XRP—have significantly increased their holdings in the past three days. This accumulation coincides with $4 billion in realized profits among XRP investors, underlining the token's growing appeal to institutional players.   Austin Reid, Head of Revenue at FalconX, noted on X (formerly Twitter) that institutional interest is a major driver behind XRP's current momentum. “This isn’t just retail action — institutions are driving the rally,” Reid commented, highlighting a 10x increase in trading volume between the first and second halves of Q4.   XRP Price Prediction: Can XRP Touch a New All-Time High?  XRP/USDT price | Source: KuCoin   Technical indicators suggest that XRP could be on the verge of a breakout. The token is holding above the $2.58 resistance level, a key threshold for further upward movement. A successful recovery and bounce above this level could see XRP targeting $3.57, its upper resistance channel, potentially setting a new all-time high.   However, challenges remain. The Relative Strength Index (RSI) indicates overbought conditions, signaling the possibility of a short-term price correction. Analysts caution that a daily close below $1.96 could invalidate the bullish thesis and result in further consolidation.   Market Optimism Fueled by Spot XRP ETF Speculation Optimism around a potential XRP spot ETF in the U.S. is adding to the excitement. The non-security ruling for XRP in its case against the SEC has paved the way for speculation about an ETF launch, mirroring the success of Bitcoin’s spot ETF approvals earlier this year. Ripple investment products have already seen record inflows of $95 million in the past week, according to CoinShares.   Crypto weekly inflows | Source: CoinShares   Former SEC Commissioner Paul Atkins, rumored to be the next SEC Chair, is seen as a potential ally for the crypto industry. His pro-market stance could accelerate regulatory clarity, benefiting XRP and the broader crypto ecosystem.   What’s Next for XRP?  Over the past month, XRP has surged by over 400%, cementing its position as one of the most promising altcoins. If the token maintains its upward trajectory, driven by whale accumulation, institutional interest, and potential regulatory breakthroughs, 2025 could see XRP reaching new milestones.   For now, XRP remains one of the market’s most closely watched assets, with its recovery from recent volatility underscoring its resilience and long-term potential.   Read more: Could $XRP Reach $3 Ahead of XRP ETF Approval?

Bitcoin is currently priced at $96,582, showing a modest 0.97% increase in the past 24 hours, while Ethereum trades at $3,614, down 0.79% over the same period. The futures market remains balanced, with a 49.2% long and 50.8% short position ratio. The Fear and Greed Index, a key measure of market sentiment, climbed from 76 (Greed) yesterday to 78 (Extreme Greed) today.   Despite South Korea’s declaration of martial law on December 3 briefly pushing Bitcoin to $95,692 and Ethereum to $3,643.90, both assets rebounded after the lift of the martial law, with Bitcoin up 2.4% and Ethereum gaining 3.3%. Other assets saw significant moves, with Tron surging 80% to $0.40, Cardano climbing 275% to $1.20, and XRP rising 200% to $2.84 over the past 30 days. In South Korea, XRP trading volume hit $6.3 billion, while Dogecoin and Stellar reached $1.6 billion and $1.3 billion, respectively.   What’s Trending in the Crypto Community?  On Upbit, Bitcoin faced a sharp negative premium, plunging by 30% following the President’s declaration of martial law. However, just six hours later, the emergency martial law was lifted, allowing BTC and ETH to recover swiftly. Tron and a few other altcoins surges 80% in 24 hours amid the volatility.  Meanwhile, Vitalik Buterin published an insightful article detailing a blueprint for building the ideal crypto wallets. His vision emphasizes cross-layer-2 (L2) transactions and robust privacy protection, setting the stage for a new era of user-friendly and secure crypto tools. Pump.fun's November revenue hit a record high of $93.88 million. Virgin Cruises announced it would become the first cruise company to accept BTC payments. BlackRock's spot Bitcoin ETF assets under management exceeded 500,000 BTC.   Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change TRX/USDT + 67.26% XRP/USDT - 6.32% ADA/USDT - 6.18%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Crypto Markets Rebound as South Korea Reverses Martial Law Source: KuCoin 1 Day BTC/USDT chart   The global cryptocurrency market experienced a rollercoaster ride as South Korea grappled with a dramatic political crisis. President Yoon Suk-yeol declared martial law, only to rescind it six hours later following overwhelming opposition from lawmakers. This turmoil caused sharp fluctuations in crypto prices, underscoring the market’s sensitivity to geopolitical developments.   Bitcoin and Altcoins Rebound After Martial Law-Induced Dip The unexpected declaration of martial law in South Korea caused immediate turbulence in the cryptocurrency market. Following the announcement, Bitcoin dropped sharply to $95,692, Ethereum fell to $3,643.90, and XRP slid to $2.54, sparking concern among investors. However, swift action to reverse the decision led to a rapid recovery across major assets, with Bitcoin rebounding by 2.4%, Ethereum gaining 3.3%, and XRP surging by 9.2%, according to CoinMarketCap.   South Korea's active retail trading community played a pivotal role in stabilizing the market. Trading volumes on December 2nd reached their second-highest level of the year, driven by heightened activity in assets like XRP, which recorded $6.3 billion in volume. Dogecoin and Stellar also saw significant traction, with volumes of $1.6 billion and $1.3 billion, respectively. Emerging tokens like Ethereum Name Service and Hedera contributed to the day’s dynamic activity as traders leveraged the volatility to reposition.   Tron Surges 80% Amid Market Chaos Due to Martial Law Source: KuCoin 1 Day TRX/USDT chart   During the political turmoil, Tron (TRX) rallied 80%, climbing to $0.40 after briefly hitting $0.43. Analysts pointed to the token’s role as a fast transfer mechanism during exchange disruptions.   “The recent rally in Tron (TRX) appears to be partly driven by political instability in South Korea,” said Rachael Lucas, crypto analyst at BTC Markets. “TRX’s role as a widely used transfer token between exchanges, especially in South Korea, makes it a tool for traders looking to move funds across platforms quickly.”   Lucas added that trading restrictions on Upbit and Bithumb, which control over 80% of South Korea’s spot trade volume, likely drove traders to seek alternatives.   “It seems that during martial law, all of crypto is moving out to foreign exchanges as South Korean exchanges blew up,” a user on X wrote.   Min Jung, an analyst at Presto Research, suggested other factors contributed to the rally. “It could also be part of a broader 'Dino rotation,' where legacy cryptocurrencies like $XRP have been rallying under current market conditions,” she said.   Speculation around Justin Sun, Tron’s founder, also fueled debates. “Rumors suggest that a significant portion of $TRX's supply is controlled by Justin Sun, raising questions about whether the rally is organic or influenced,” Jung noted.   Altcoins Cardano and XRP Outperform Bitcoin in the Past 30 Days Source: KuCoin   While Bitcoin approached $100,000, Cardano (ADA) and XRP outperformed it with gains of 275% and 200% over 30 days. ADA climbed above $1.20, driven by ecosystem upgrades and regulatory optimism. XRP reached $2.84, its highest value in seven years.   XRP Price Chart | Source: KuCoin   “Cardano’s focus on scalability and interoperability is finally paying off,” an analyst noted. “Its technical advancements, such as Hydra and Mithril, have created a robust platform that appeals to institutional and retail investors.”   XRP’s surge was fueled by reduced reserve fees and partnerships with financial institutions. Ripple introduced tokenized money market funds and prepared to launch RLUSD, its stablecoin, which received regulatory approval in New York.   Bitcoin and Altcoins Rebound After Martial Law-Triggered Dip The resignation of SEC Chair Gary Gensler and the U.S. presidential election have bolstered market confidence. Many expect the incoming administration to adopt a crypto-friendly stance. This optimism, combined with ongoing technical advancements, has positioned altcoins for growth.   Ripple’s commitment to stability was evident in its decision to relock 770 million XRP tokens for another five years. The company’s moves signal confidence in XRP’s long-term value. The Relative Strength Index (RSI) stands at 91.47. An RSI above 70 signals overbought conditions, often hinting at a potential market adjustment. A retracement could bring XRP's price to around $1.79. If buying pressure persists, XRP could target $3, depending on overall market trends.   Read More: What Is Altcoin Season (Altseason), and How to Trade Altcoins?   Conclusion The past week underscored the intricate relationship between politics, regulation, and market behavior. South Korea’s political crisis and regulatory shifts in the U.S. created opportunities for altcoins like Cardano and XRP to outperform Bitcoin. These events demonstrate the resilience of blockchain projects and their potential to thrive in an evolving landscape. As the crypto market matures, investor focus is shifting toward assets that combine innovation with practical utility.

Bitcoin is currently priced at $95,826 with -1.4% decrease from the last 24 hours, while Ethereum is at $3,643, up by -1.76% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 48.7% long versus 51.3% short positions. The Fear and Greed Index, which measures market sentiment, was at 80 yesterday and is at the Extreme Greed level at 76 today. The cryptocurrency market continues to push boundaries with XRP  achieving a market cap of $150 billion to become the third-largest cryptocurrency. Ethereum investment products shattered records with $2.2 billion in annual inflows. Ripple’s RLUSD stablecoin is also on the brink of approval, adding momentum to XRP ’s rise. This is a defining moment for digital assets as major players gain traction and set new benchmarks.   What’s Trending in Crypto?  MicroStrategy buys another 15,400 BTC at an average price of $95,976 per coin. U.S. government address transfers 19,800 BTC, approximately $1.92 billion and 10,000 BTC flowed into Coinbase. Crypto market spot trading volume in November reached $2.7 trillion, the highest since May 2021. WisdomTree Targets XRP with new ETF proposal.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change XRP/USDT +14.16% HBAR/USDT +55.20% ONDO/USDT +36.95%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   XRP Takes Third Place in Crypto with $150 Billion Market Cap Top five coins by market capitalization as of Dec. 2. Source: CoinGecko   XRP ’s rise to $2.72 marks a new chapter in its journey. This price surge brought its market cap to $150 billion, overtaking Tether and Solana. The token's value soared past $2 on December 1, 2024, a feat achieved only once since January 2018. Analysts project that XRP’s momentum could push it toward $3.15 in the coming days.   Source: KuCoin   XRP has entered a new chapter in its journey, with its price surging to $2.72, bringing its market cap to $150 billion—surpassing Tether and Solana. This rise marks a significant milestone, as XRP's value exceeded $2 on December 1, 2024, a level not seen since January 2018. Over the past week, XRP has gained nearly 50%, with a 21% increase in just 24 hours. Analysts predict that its momentum could propel the token toward $3.15 in the coming days. In addition to the price surge, XRP derivatives saw a 30% spike in open interest, reaching $4 billion in a single day, while exchange inflows hit $256 million within three days.   Market activity indicates strong participation from whales and institutional players. However, CryptoQuant data warns that significant inflows to exchanges and leveraged positions could lead to corrections. Historical patterns suggest a potential 17% price decline under these conditions.   Source: CryptoQuant   XRP Price Prediction and Market Outlook XRP’s trajectory suggests a strong push toward $3.15. Analysts cite several factors supporting this prediction:   Bullish Sentiment: 66.5% of traders hold long positions on XRP. Price Action: Breakout above $2 indicates potential for continued upward momentum. Resistance Levels: Next targets at $3 and $3.15 based on historical price trends. Source: XRP Resistance Levels TradingView   However, whales and institutions have moved $256 million of XRP to exchanges, signaling potential sell-offs. This could trigger temporary corrections, creating opportunities for disciplined investors to enter.   Ripple’s RLUSD Stablecoin Fuels Optimism Ripple’s RLUSD stablecoin is at the center of XRP’s recent surge. Reports indicate that the New York Department of Financial Services may approve RLUSD by December 4. This stablecoin is part of Ripple’s strategy to revolutionize cross-border payments with faster, energy-efficient solutions.   Regulatory developments add to the optimism. SEC Chair Gary Gensler’s departure in January, coupled with the Trump administration's pro-crypto stance, raises the likelihood that the SEC will drop its appeal against Ripple. This could resolve a legal battle that has overshadowed XRP since 2020.   WisdomTree Targets XRP with New ETF Proposal Source: X   WisdomTree has filed for the creation of the WisdomTree XRP Fund as the token’s value soars. The firm manages $77.2 billion in assets and operates 79 ETFs globally. WisdomTree’s move signals growing confidence in XRP’s market potential. If approved, this ETF could attract significant institutional investment, further solidifying XRP’s position.   Crypto ETF applications are increasing following Donald Trump’s election. Ripple’s ongoing success has renewed interest in XRP as a viable digital asset for institutional portfolios. WisdomTree’s proposal aligns with a broader industry push for crypto ETFs based on alternative tokens like Solana and HBAR.   Ethereum ETF Products Shatter Records with $634m Inflows Ethereum-based investment products attracted $634 million in inflows last week, pushing annual inflows to $2.2 billion. This surpasses the $2 billion record set in 2021. Spot Ethereum ETFs in the U.S. led the charge, contributing $466.5 million in a single week despite the holiday slowdown.   “For the first time, Ethereum outpaced Bitcoin in inflows at these high levels. Ethereum’s performance reflects renewed investor interest, with a 47.15% monthly gain, nearing its ETF announcement peak of $4,095,” BRN analyst Valentin Fournier wrote.   “The global crypto market cap has risen by 72% since the U.S. election to $3.43 trillion, outpacing the growth of Bitcoin and Ethereum,” Fournier continued. “This suggests early signs of an alt-season.”   Ethereum By the Numbers Monthly Gain: Ethereum climbed 47.15% in November nearing its peak of $4,095. Spot ETF Inflows: $1.1 billion since the U.S. election. Total Assets Under Management: $11 billion across Ethereum-focused products. Inflow Comparison: Ethereum outpaced Bitcoin with $332.9 million vs. $320 million in recent weekly inflows. Analysts highlight several catalysts for Ethereum’s rise, including improved demand-supply dynamics, staking yield approvals, and its leading role in the altcoin resurgence. Ethereum’s performance positions it as a key asset during this bullish phase.   Source: The Block   Conclusion XRP’s rise to the third-largest cryptocurrency underscores its growing influence in the market. With a $150 billion market cap and price surging past $2.72, XRP is capitalizing on regulatory optimism and institutional interest. Ethereum’s record-breaking inflows further highlight the evolving crypto landscape. Ripple’s RLUSD stablecoin approval could provide additional momentum, reinforcing XRP’s position. As market dynamics evolve, heightened volatility is expected during the Christmas season.   Read more: December 2024 Token Unlocks Could Have a $5 Billion Impact on the Crypto Market

Bitcoin is currently priced at $97,185 with +0.82% increase from the last 24 hours, while Ethereum is at $3,708, up by +0.14% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.3% long versus 49.7% short positions. The Fear and Greed Index, which measures market sentiment, was at 81 yesterday and is at the Extreme Greed level at 80 today.    Today in crypto, Ripple’s XRP overtakes Solana’s market cap, NFTs surge by 57.8% in monthly sales for November as digital collectibles regain momentum and surged to $562 million in sales, and Bitcoin achieves an unprecedented $26,400 price gain in a single monthly candle. These records highlight the growing strength of blockchain markets.The crypto market is surging with milestones across trading, DeFi, and blockchain innovation.    What’s Trending in the Crypto Community?  Ethereum Foundation researcher: Ethereum L1 will gradually improve in the future, with significant performance enhancements for L2 within months Ethereum price rebound drives NFT market recovery, with November NFT sales reaching a six-month high at $562 million. Pump.fun has generated $368 million in total fee revenue since launch, with a total of 4,038,775 tokens deployed.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change XRP/USDT +26.11% AIOZ/USDT +16.55% HBAR/USDT +44.65%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin’s Historic $26,400 Monthly Gain BTC/USD 1-month chart. Source: Cointelegraph/TradingView   Bitcoin posted a record-breaking gain of $26,400 in November. It closed the month at $96,400. This 37% surge marked its second-best month of 2024. Daily trading volumes exceeded $42 billion and peaked at $55 billion on November 30. Bitcoin dominance rose to 54.7% from 52% at the start of the month.   Bitcoin futures open interest climbed to $63 billion from $50 billion in October. This reflects rising institutional confidence. Analysts identified $98,500 as a key resistance level. Breaking this point could push Bitcoin above $100,000.   Read more: The History of Bitcoin Bull Runs and Crypto Market Cycles   Source: Carl Menger on X   Over 9 million new wallets were created in November. The month’s rally is driven by regulatory optimism and growing adoption. Analysts predict Bitcoin could hit $100,000 by year-end.   Read more: A Beginner’s Guide to Buying Your First Bitcoin on KuCoin   BTC/USD monthly % gains (screenshot). Source: CoinGlass   XRP Overtakes Solana with $122 Billion Market Cap Cryptocurrency rankings by market cap. Source: CoinMarketCap   Ripple’s XRP reached a market cap of $122 billion on December 1, surpassing Solana’s $111.9 billion to become the fourth-largest cryptocurrency. XRP gained 79% from October’s $1.22 low to hit $2.19. This is its highest price in seven years.   Ripple secured three partnerships with financial institutions managing over $400 billion in assets. Investors expect approval of an XRP ETF in the U.S. and Ripple's RLUSD stablecoin in New York.   Daily XRP trading volume surged to $7.3 billion on December 1 from a $4.1 billion average in October. Active wallet addresses rose 45% to 1.8 million.   While Solana dropped to fifth place, it held $9.2 billion in total value locked (TVL). Solana’s DEXs hit $100 billion in trading volume, driven by renewed memecoin activity.   Read more: Will Gensler's Resignation Propel an XRP Rally as Bitcoin Nears $100K?    NFT Sales Reach $562 Million in November NFT sales volume from May to December 2024. Source: CryptoSlam   NFT sales reached $562 million in November. This is a 57.8% increase from October’s $356 million. It is the highest monthly sales volume since May’s $599 million. Total NFT sales for 2024 now exceed $4.9 billion.   CryptoPunks led the market recovery. Its floor price rose from 26.3 ETH ($97,000) on November 1 to 39.7 ETH ($147,000) by November 30. This marks a 51% gain. Bored Ape Yacht Club saw a 42% rise in average sale price. Azuki NFTs increased 38%.   OpenSea and Blur recorded $1.8 billion in combined trading volume. Blur accounted for 58% of this activity with aggressive incentives. Unique buyers reached 732,000 in November, up from 611,000 in October. Active wallets rose by 34% to 1.2 million.   Despite gains, the NFT market remains below its March peak of $1.6 billion. Analysts link the recovery to broader crypto market momentum and rising interest in premium collections.   Read more: Magic Eden (ME) Airdrop Eligibility and Listing Details to Know    Conclusion  November was a historic month for crypto. Bitcoin gained $26,400 setting a new monthly record. XRP rose to $122 billion in market cap, overtaking Solana. NFTs hit $562 million in sales showcasing renewed interest in digital assets.   As December begins markets prepare for Bitcoin’s push toward $100,000 XRP’s ETF approval prospects and further NFT growth. Blockchain innovation and adoption continue to redefine financial markets.   Read more: XION “Believe in Something” Airdrop, with 10 Million $XION Tokens to Claim

Bitcoin is currently priced at $95,642 with -0.22% decrease from the last 24 hours, while Ethereum is at $3,579, down by -2.04% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.8% long versus 50.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 77 yesterday and is at the Extreme Greed level at 78 today. The crypto market is surging with milestones across trading, DeFi, and blockchain innovation.    Bitcoin futures open interest has reached $60.9 billion, reflecting a 56% surge driven by post-election optimism and heightened institutional demand on platforms like CME. Recent market data shows robust trading volume, emphasizing Bitcoin's growing appeal in regulated financial markets. Ethereum maintained its upward momentum with a 5% weekly gain, supported by $90.1 million in ETF inflows and a 17.8% rise in the ETH/BTC ratio, indicating strengthened investor confidence. Uniswap recorded $38 billion in Layer 2 trading volume, a 12% increase since March, showcasing the rising popularity of efficient scaling solutions. Additionally, Bleap secured $2.3 million in funding to launch a payment app offering 13.2% APY on stablecoins and 2% cashback, highlighting innovation in decentralized finance.    What’s Trending in the Crypto Community?  BTC and ETH options contracts worth approximately $10.85 billion are set to expire. TON launched TON Teleport BTC, aiming to integrate Bitcoin liquidity with the TON ecosystem. Uniswap reached a new monthly trading volume high of $38 billion.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change ALGO/USDT +23% SAND/USDT +12.5% WLD/USDT +10.82%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin Futures Boom $60.9 Billion Following Trump Victory Bitcoin futures open interest has surged since Donald Trump won the U.S. presidential election | Source: Coinglass   Since Donald Trump’s election victory on Nov. 5, Bitcoin futures open interest has surged from $39 billion to $60.9 billion. This represents a 56% increase in less than a month, according to Coinglass. The derivatives market has seen record activity, with many traders leveraging positions to capitalize on expected price movements.   Bitfinex analysts describe this growth as organic. They attribute it to market optimism surrounding Trump’s crypto-friendly policies. Significant trading activity occurred near the $94,000 mark, where large sitting orders were filled. Analysts observed a slight reduction in open interest as of Nov. 22 but consider this a normal pullback rather than a sign of market instability.   Bitcoin futures continue to dominate the market. Futures trading volume exceeded $100 billion in the last seven days, with 40% of trades occurring on Binance. Open interest now accounts for over 30% of Bitcoin’s $580 billion market capitalization, signaling significant trader interest.   Ethereum Outperforms Bitcoin as ETH/BTC Ratio Rises 17.8% Source: ETH ETF Flows The Block   Ethereum surged 5% on Nov. 27, reaching $3,600. The ETH/BTC pair climbed 17.8% over the past week to 0.0376. Analysts at QCP Capital predict further gains, with ETH likely to test the 0.04 level soon. This growth signals a capital rotation from Bitcoin to Ethereum, reflecting investor confidence in the Ethereum ecosystem.   Ethereum exchange-traded funds attracted $90.1 million in inflows on Nov. 27. This marked the fourth consecutive day of positive inflows, totaling $317.4 million for the month. The rising demand for ETH-based ETFs highlights renewed interest in Ethereum. Analysts project that ETH could retest its all-time high of $4,868, offering a 35.4% upside from current levels.   The global cryptocurrency market cap now stands at $3.4 trillion. Bitcoin accounts for 54.7%, while Ethereum holds 12.4%. ETH trading volume reached $28.5 billion in the last 24 hours, compared to Bitcoin’s $47 billion. Ethereum’s growing dominance is driven by its expanding ecosystem and increased adoption in decentralized finance and NFTs.   Uniswap Hits Record $38 Billion Layer 2 Volume  Uniswap saw record monthly volume in November across Ethereum L2s. Source: Dune Analytics   Uniswap recorded $38 billion in monthly volume across Ethereum Layer 2 networks in November, surpassing its previous high of $34 billion set in March. This represents a 12% increase, according to Dune Analytics. Layer 2 networks, including Arbitrum, Polygon, Base, and Optimism, contributed significantly to this growth.   Henrik Andersson, CIO at Apollo Crypto, attributed the rise in Uniswap’s volume to growing onchain yields and increased interest in decentralized finance. Ethereum-based DeFi platforms have seen a surge in activity as ETH/BTC gains strength. Analysts believe this could mark the beginning of a long-awaited DeFi outperformance phase.   Uniswap accounted for 62% of all Ethereum Layer 2 decentralized exchange volume in November. Arbitrum contributed $18 billion to this figure, while Optimism added $8.5 billion. Base and Polygon combined for $5.5 billion. This growth underscores the growing demand for efficient and cost-effective DeFi solutions.   Bleap Plans to Develop Blockchain Payments with Gasless Transactions Bleap, created by former Revolut executives, raised $2.3 million in pre-seed funding to develop a blockchain-based payment system. Built on the  Arbitrum Layer 2 network, Bleap enables gasless transactions and integrates a Mastercard debit card for seamless stablecoin payments.   Bleap supports multi-currency accounts with savings rates far exceeding traditional banks. Users can earn 13.2% APY on USD stablecoins and 5.3% APY on EUR stablecoins. The app also allows fee-free global transfers and offers 2% cashback on purchases.   Bleap’s smart wallet eliminates seed phrases by using encrypted backups and multi-party computation. It supports stablecoins like USDC, USDT, USDA, and EURA. Users can add funds from external wallets or purchase stablecoins directly through Bleap’s on and off-ramping service.   In the first half of 2024, stablecoins processed $5.1 trillion in transactions, approaching Visa’s $6.5 trillion over the same period. Analysts at Bitwise highlight stablecoins as crypto’s “killer use case.” Bleap’s system integrates this functionality with seamless real-world usability.   Bleap’s beta program targets EU users, with a full public launch planned for Q1 2025. The app aims to expand into Latin America later in the year. Bleap is also preparing for a proprietary token launch in 2026, which will further enhance its ecosystem.   Conclusion The cryptocurrency market is surging with activity. Bitcoin futures show record open interest, reflecting trader optimism fueled by Trump’s election. Ethereum is gaining ground, outpacing Bitcoin with rising ETF inflows and a strong ETH/BTC ratio. Uniswap’s record Layer 2 volumes highlight DeFi’s resurgence, while Bleap’s innovative blockchain banking platform sets new standards for usability. These developments underscore the rapid evolution of the crypto space, offering investors opportunities across trading, DeFi, and blockchain-based financial solutions.   Read more: Magic Eden (ME) Airdrop Eligibility and Listing Details to Know 

Bitcoin reclaims $95,000 with six-figure price calls gaining traction and is currently priced at $95,854 with +4.24% increase from the last 24 hours, while Ethereum is at $3,653, up by +9.89% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.4% long versus 49.5% short positions. The Fear and Greed Index, which measures market sentiment, was at 75 yesterday and is at the Greed level at 77 today. The cryptocurrency market shows strength and momentum. Ethereum gains with Bitcoin as the ETH/BTC ratio rises signaling renewed altcoin sentiment. Tether expands its reach with a liquidity pool projected to hit $5 billion by 2026. Solana eyes $300 with growing confidence and strong onchain activity. These movements highlight crypto’s growing potential and evolving landscape.   What’s Trending in the Crypto Community?  Social media giant Line plans to launch 30 blockchain-based mini DApps early next year. Pump.fun 's protocol revenue surpassed Ethereum in the past 24 hours. Tether CEO: Tether's commodity liquidity pool may reach $5 billion by 2026. Bitcoin Demands $95K Reclaim as Six-Figure BTC Price Calls Return.    Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change ENS/USDT +50.06% ENA/USDT +21.23% UNI/USDT +13.54%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin Demands $95K Reclaim as Six-Figure BTC Price Calls Return Bitcoin is back in bullish momentum and is showing renewed strength as it climbs toward $95,000. The cryptocurrency gained nearly 4% on Nov. 27 after buyers stepped in to counter a slide to weekly lows. Data from Cointelegraph Markets Pro and TradingView revealed Bitcoin’s price action attempting to reclaim critical support at $95,000, fueled by encouraging U.S. macroeconomic data and evolving market dynamics.     The week’s key data included U.S. jobless claims and the Personal Consumption Expenditures (PCE) Index, the Federal Reserve’s preferred inflation measure. With inflation figures aligning with expectations, the CME Group’s FedWatch Tool showed a 66% probability of a 0.25% interest rate cut in the next Federal Reserve meeting. Despite this optimism, analysts like The Kobeissi Letter highlighted that inflationary pressures remain. Bitcoin responded positively, regaining some of its lost ground as order book liquidity on exchanges like KuCoin showed strong demand, with buy orders laddered down to $85,000.     Fed target rate probabilities. Source: CME FedWatch   On the technical front, indicators like the Moving Average Convergence Divergence (MACD) reignited optimism for a $100,000 Bitcoin price target. Popular trader Bitcoin Munger projected that a bullish MACD crossover on the four-hour chart would confirm the next major rally. Meanwhile, CoinGlass pointed to a significant sell wall at $100,000, suggesting a deliberate effort to cap Bitcoin’s price in the short term. Traders remain divided over the timeline for reaching six-figure prices, but market sentiment remains bullish, buoyed by a 23% premium in SOL futures and strengthening macroeconomic tailwinds.     BTC/USDT 15-minute chart with order book liquidity. Source: Skew/X   Read more: Bitcoin ETFs Drive $3.1B Weekly Inflows, Pantera Forecasts $740K BTC by 2028, and Rumors of a Solana ETF: Nov 27   ETH/BTC Ratio Picks Up as Ethereum Shows Renewed Strength Source: TradingView   The ETH/BTC ratio, a key indicator of Ethereum's performance relative to Bitcoin, gained momentum this week. After lagging behind Bitcoin throughout much of the year, Ethereum is finally surging. However, the ETH/BTC ratio remains 30% lower than its earlier levels compared to Bitcoin, reflecting the broader market dynamics and investor sentiment toward altcoins.   What the ETH/BTC Ratio Tells Us The ETH/BTC ratio is more than a simple comparison between two cryptocurrencies. It serves as a barometer for market sentiment toward altcoins. A rising ratio suggests growing confidence in Ethereum and, by extension, the broader altcoin market. Conversely, a declining ratio indicates Bitcoin’s dominance and reduced risk appetite for alternative assets.   This week’s uptick in the ETH/BTC ratio signals a renewed interest in Ethereum. Investors appear to be shifting some focus back to ETH after Bitcoin’s prolonged dominance. Ethereum’s resurgence comes at a time when altcoin activity is picking up across the board, suggesting the market is beginning to rotate into other assets after Bitcoin's strong rally.   ETH/BTC Trading Chart | Source: KuCoin   Ethereum’s Lagging Performance in 2024 Throughout the year, Ethereum has underperformed compared to Bitcoin. Bitcoin’s price surged over 150% year-to-date, driven by institutional inflows and excitement around spot Bitcoin ETFs. Ethereum, while climbing steadily, failed to match Bitcoin’s pace. This disparity is reflected in the ETH/BTC ratio, which saw a significant 30% decline over the past year.   Several factors contributed to Ethereum’s slower performance. High gas fees, competition from other layer-1 blockchains like Solana and Avalanche, and the lack of a clear catalyst like Bitcoin’s ETF approval dampened investor enthusiasm. Despite this, Ethereum has maintained its position as the leading platform for decentralized applications (DApps) and DeFi projects, with its total value locked (TVL) exceeding $80 billion.   When Is the Altcoin Season Starting?  The recent change in the ETH/BTC ratio suggests a shift in sentiment toward altcoins. When Ethereum performs well against Bitcoin, it often signals increased risk appetite among investors and a willingness to explore other assets beyond Bitcoin. This could pave the way for stronger performance across the broader altcoin market.   Altcoin leaders like Solana, Cardano, and Polkadot have already shown signs of renewed interest, with double-digit gains in recent weeks. If Ethereum continues to gain ground, it could act as a catalyst for further altcoin growth.   Despite this week’s improvement, Ethereum still has ground to cover to reclaim its historical strength relative to Bitcoin. For the ETH/BTC ratio to recover fully, Ethereum will need sustained positive momentum, likely driven by network upgrades, growing adoption, or significant developments in the altcoin ecosystem.   As of now, Ethereum’s fundamentals remain strong, with growing developer activity, increasing use cases in DeFi and NFTs, and solid institutional interest. If these trends continue, Ethereum could close the gap and solidify its position as the leading altcoin, while reigniting the broader altcoin market.   The ETH/BTC ratio’s recent rise signals Ethereum’s resurgence after a lagging year. While it still trails Bitcoin by 30%, the improving ratio reflects growing confidence in Ethereum and the altcoin market. As Ethereum builds on its strong fundamentals and investors regain interest in altcoins, the crypto market could be entering a new phase of diversification and growth.   Tether’s Liquidity Pool Could Reach $5 Billion by 2026   Source: KuCoin 1 Year USDT Chart   Tether is expanding beyond stablecoins with its investment arm targeting the $10 trillion trade finance industry. CEO Paolo Ardoino revealed that Tether’s liquidity pool for financing raw material transactions could grow to $3 billion or even $5 billion by 2026. This expansion aligns with Tether’s mission to bridge blockchain and traditional finance, creating new pathways for global economic activity.     In October, Tether financed a $45 million oil trade involving 670,000 barrels of Middle Eastern crude. This marked a significant step in integrating blockchain technology into commodities trading. Tether Investments plans to provide liquidity to commodities brokers while earning interest, tapping into the sector’s insatiable demand for funding. Ardoino emphasized that Tether’s unique value lies in the transparency and speed that USDT offers in cross-border transactions, especially in emerging markets where commodities drive economic activity.     Tether’s growth in the trade finance sector is backed by robust profits from its core stablecoin operations. In the first nine months of 2024, Tether reported $7.7 billion in profit, funding its diversification into commodities like oil, natural gas, and gold. Ardoino described the initiative as the beginning of a major new opportunity, with plans to invest over $1 billion in the coming year.     Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   Solana Recovers and Eyes $300 as Metrics Strengthen   SOL/USD (blue) vs. altcoin market cap (purple). Source: TradingView /Cointelegraph   Solana’s native token, SOL, has rebounded 8% since dipping to $222 on Nov. 26, fueled by strong onchain activity and growing demand in decentralized finance (DeFi). Although SOL remains 10% below its all-time high of $263.80, the blockchain’s fundamentals suggest significant upside potential.     Solana’s total value locked (TVL) surged 48% in the past 30 days, reaching $113.7 billion by Nov. 27. Key contributors include the Jito liquid staking solution at $3.4 billion (+44%), the Jupiter decentralized exchange at $2.4 billion (+50%), and Raydium at $2.2 billion (+58%). This growth positions Solana as the second-largest programmable blockchain, trailing only Ethereum in developer activity and user engagement.     Solana network total value locked (TVL), USD. Source: DefiLlama   The derivatives market reflects growing optimism for SOL’s price recovery. Futures contracts show a 23% annualized premium for long positions, the highest in seven months. However, analysts caution against excessive bullishness, as premiums exceeding 40% could lead to cascading liquidations during price corrections.     Despite skepticism from some investors, Solana’s niche focus on memecoin launches and high-frequency trading sets it apart from Ethereum. Tokens like BONK, POPCAT, MEW, and SPX6900 have driven transaction volumes, with some gaining over 100% in three months. However, this speculative activity introduces risk, as memecoin popularity may prove unsustainable.     Read more: Top Solana Memecoins to Watch   Conclusion   Bitcoin and Solana are both demonstrating resilience and potential in the face of shifting market conditions. Bitcoin’s climb toward $95,000 and the renewed six-figure price targets reflect growing confidence in its role as a digital store of value. Meanwhile, Solana’s recovery and strong onchain metrics underscore its position as a leader in DeFi and programmable blockchains. Tether’s expansion into trade finance highlights blockchain’s potential to revolutionize traditional industries. Together, these developments paint a picture of a rapidly evolving cryptocurrency market poised for continued growth and innovation. 

Bitcoin is currently priced at $91,958 with -1.12% decrease from the last 24 hours, while Ethereum is at $3,324, down by -2.64% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 48.8% long versus 51.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 82 yesterday and is at the Greed level at 75 today. Last week, Bitcoin ETFs recorded $3.13 billion in net inflows marking the highest weekly figure ever. At the same time Solana’s decentralized exchange (DEX) transaction volume surpassed $109.8 billion in November. Solana’s price is up 160% since January 2024 and a Solana ETF is on the horizon. These developments highlight the rising influence of blockchain technology in reshaping global financial systems.   What’s Trending in the Crypto Community?  Pump.fun accounted for over 62% of Solana ecosystem DEX trading volume in November. Justin Sun joins Trump's family project WLFI as an advisor. Ripple donates $25 million to Fairshake PAC ahead of US midterm elections Dan Morehead, founder of Pantera Capital predicts Bitcoin could reach $740,000 by April 2028.   Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change ZEC/USDT +15.38% FTM/USDT +15.06% ALGO/USDT +13.94%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin ETFs Drive Unprecedented Weekly Inflows of $3.13 Billion Source: CoinShares   Bitcoin ETFs reached $3.13 billion in weekly net inflows according to CoinShares. This marked the seventh consecutive week of positive inflows. Year-to-date crypto funds have attracted $37 billion which is over 119 times more than the $309 million achieved by U.S. gold ETFs in their first year. Total assets under management for crypto products reached $153.3 billion representing the highest level in history.   Bitcoin-focused funds accounted for $3 billion of the total inflows. U.S.-based spot Bitcoin ETFs dominated with $3.38 billion in weekly inflows. BlackRock’s IBIT product contributed $2.05 billion reinforcing its role as a key driver of institutional crypto investment.   Short-bitcoin products saw $10 million in inflows last week pushing monthly totals to $58 million. This marks the highest monthly figure for short-bitcoin products since August 2022 showing growing interest in hedging strategies amidst price volatility.   Source: The Block   Solana Surpasses $109.8 Billion Monthly DEX Volume Solana’s Monthly Dex Volume Source: DefiLlama   Solana achieved a new milestone in November recording $109.8 billion in decentralized exchange transaction volume. This figure more than doubled October’s $52.5 billion showcasing Solana’s scalability and efficiency as a blockchain platform.   Memecoin activity played a key role in this growth. Solana platforms like Raydium and Pump.fun generated $71.5 million and $182 million in fees during November. Solana processes $53 million in daily transactions far surpassing most other blockchains which average less than $5 million in daily activity.   Solana’s total market cap reached $90 billion this month with its native token SOL trading as high as $264 before settling below $240. Analysts predict that Solana’s expanding decentralized finance ecosystem and potential ETF approval could push its value higher while driving more institutional and retail adoption.   Read more: Top Decentralized Exchanges (DEXs) in the Solana Ecosystem   Solana’s Price Up 300% Since January 2024 Solana has smashed records with a 24% price surge over the past week and a staggering 300% rise since the start of the year. It now holds a $123 billion market cap which is about 4% of the total crypto market. Last week alone Solana handled over $40 billion in transactions more than doubling its previous weekly record of $17.5 billion set in March. Active users on Solana have increased over 1,500% from the beginning of the year while new daily addresses have grown eleven-fold in the same period. Analysts believe Solana could hit $700 especially with a potential ETF approval on the horizon.    Source: 1 Year SOL Chart KuCoin   Spot Solana ETF on the Horizon? Geoffrey Kendrick from Standard Chartered highlights that the chances of a Solana ETF approval have risen sharply with Republicans securing the White House Congress and Senate. President-elect Donald Trump’s pro-crypto stance has injected fresh confidence into the market with promises of industry-friendly policies. Solana’s ecosystem has also benefited from a surge in memecoin activity with traders fueling massive transaction volumes despite these tokens lacking intrinsic value. Platforms like Raydium contributed $71.5 million in fees during November while Solana processed $53 million in daily transactions far outpacing blockchains that average less than $5 million daily. These remarkable numbers underscore Solana’s scalability efficiency and growing potential to challenge Ethereum’s dominance in the blockchain space.   Read more: All About CHILLGUY, the Viral TikTok Memecoin Surging Over 6,000% to a $700M+ Market Cap   Pantera Founder Predicts Bitcoin Reaching $740,000 by 2028 Source: BTC 1 Year Chart KuCoin   Dan Morehead, founder of Pantera Capital predicts Bitcoin could reach $740,000 by April 2028. This forecast is based on Bitcoin’s compounded annual growth rate of 88 percent since Pantera launched its Bitcoin Fund in 2013. The fund has delivered a lifetime return of 131,165 percent underscoring Bitcoin’s transformative potential.   At $740,000 Bitcoin’s market cap would rise to $15 trillion placing it among the largest financial markets globally. Morehead argues this is achievable within the $500 trillion global financial asset pool. He credits Bitcoin’s rally to improving regulatory clarity and the pro-blockchain stance of President-elect Donald Trump.   Morehead emphasizes Bitcoin’s consistent growth trajectory nearly doubling in price every year since its inception. With increasing institutional adoption and growing acceptance Bitcoin continues to position itself as a key driver of global financial innovation.   Conclusion The cryptocurrency market is advancing rapidly.  Bitcoin’s dominance in investment products attracted $3.13 billion in net inflows last week reflecting its status as a digital store of wealth. Solana’s $109.8 billion monthly DEX volume demonstrates its strength in decentralized finance and high-efficiency transactions. Solana’s rapid expansion in decentralized finance showcases its ability to process massive transaction volumes while providing low fees and high-speed scalability. With the strong technical fundamentals and growing expansion of its ecosystem, it might not be far away to reach the next target of $300. However, always do your own research and assess your risk tolerance before making any investment decisions, as the crypto market remains highly volatile.

Introduction Bitcoin ETFs in the U.S. have seen massive inflows pushing Bitcoin closer to the $100,000 mark. With institutional investors driving demand, spot Bitcoin ETFs are experiencing significant growth and strengthening Bitcoin's market position. This article dives into the latest data on Bitcoin ETF inflows and how institutional interest is pushing Bitcoin to new heights.   BTC ETF Volume 2024 Months Source: SoSoValue   Quick Takes Massive Bitcoin ETF Inflows: U.S. Bitcoin ETFs saw $1 billion in inflows in a single day and $2.8 billion for the week, indicating strong institutional demand for Bitcoin and increased adoption among major financial institutions. Institutional Interest Boosts BTC Price: Bitcoin ETFs like BlackRock's iShares Bitcoin Trust, which holds $47.92 billion in assets, are pushing Bitcoin towards the $100,000 mark, demonstrating a nearly 40% surge since Trump's presidential win. Mainstream Finance Integration: Spot Bitcoin ETFs like BlackRock’s IBIT have gained massive traction, with options trading on Nasdaq reaching $120 million in daily volume, further integrating Bitcoin into traditional financial systems and driving market growth. Bitcoin ETF Inflows Hit $1 Billion in One Day Bitcoin ETF flows (Source: Farside Investors)   On November 22, 2024 Bitcoin ETFs in the U.S. saw $1 billion in inflows in just one day according to SoSoValue data. This surge brought the total ETF inflows for the week to $2.8 billion. Bitcoin ETFs in the U.S. now hold $105.91 billion worth of BTC representing 5.46% of Bitcoin's total market cap.   BlackRock's iShares Bitcoin Trust (IBIT) led with $608.41 million in net inflows raising its cumulative net inflows to $30.82 billion. IBIT manages $47.92 billion in net assets making it the largest Bitcoin ETF. Fidelity's Wise Origin Bitcoin Fund (FBTC) captured $300.95 million in new investments. FBTC's cumulative net inflows now stand at $11.52 billion with net assets of $19.54 billion.   The Bitwise Bitcoin ETF (BITB) received $68 million in inflows while the ARK 21Shares Bitcoin ETF (ARKB) followed with $17.18 million. Grayscale's Bitcoin Mini Trust added $6.97 million and Franklin Templeton Digital Holdings Trust (EZBC) saw $5.7 million. VanEck's Bitcoin ETF (HODL) also reported $5.7 million in inflows.   In contrast Grayscale's Bitcoin Trust (GBTC) faced $7.81 million in net outflows bringing its cumulative net outflows to $20.26 billion. Despite this the broader market sentiment remains bullish shown by the substantial inflows into other Bitcoin ETFs.   Read More: What Is a Bitcoin ETF? Everything You Need to Know   Impact on Bitcoin's Price and Market Cap The recent ETF inflows have significantly impacted Bitcoin's market cap and price action. Bitcoin has surged nearly 40% since Donald Trump's presidential win earlier this month moving closer to the $100,000 mark. On Thursday Bitcoin hit $98,800 reaching a new all-time high.   BlackRock's iShares Bitcoin Trust with $47.92 billion in assets has driven much of Bitcoin's rise. Institutional investors now see Bitcoin ETFs as a secure way to gain exposure without direct custody. Bitcoin's total market cap stands at $1.94 trillion showing growing institutional demand. The strong inflows into ETFs like IBIT FBTC and BITB emphasize the growing adoption of Bitcoin among financial institutions.   Spot Bitcoin ETFs and Market Influence Spot Bitcoin ETFs continue to attract interest with recent events pushing Bitcoin into mainstream finance. BlackRock's spot Bitcoin ETF (IBIT) added $13 billion in assets following Trump's win as reported by Yahoo Finance. This increase pushed iShares Bitcoin Trust past $40 billion in assets just 10 months after its launch.   This rise led to increased trading activity with options tied to IBIT starting on the Nasdaq on Tuesday. The daily trading volume of these options reached $120 million on day one signaling strong institutional interest. Spot ETFs like IBIT offer direct exposure to Bitcoin's value unlike futures-based ETFs. This has made them popular for institutions looking for straightforward exposure to Bitcoin. The introduction of options trading strengthens Bitcoin's integration into traditional finance bridging crypto with mainstream markets.   Conclusion Bitcoin ETFs in the U.S. have seen remarkable growth with $1 billion in inflows in one day and $2.8 billion for the week. Funds like BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund have driven Bitcoin's surge toward $100,000. The rise in ETF inflows shows a strong institutional interest positioning Bitcoin as a major asset in global finance. As Bitcoin nears $100,000 ETFs will play a crucial role in providing secure access and driving demand. The coming weeks will determine if Bitcoin can break through this key level and continue its upward momentum.

Bitcoin is currently priced at $97,891 with +0.21% increase from the last 24 hours, while Ethereum is at $3,360, down by -0.97% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 48.7% long versus 51.3% short positions. The Fear and Greed Index, which measures market sentiment, was at 80 yesterday and maintains the Extreme Greed level at 82 today. Bitcoin is experiencing a correction and remains some distance away from the highly anticipated $100,000 mark. According to cryptocurrency analytics platform CoinGlass, $495 million in crypto assets have been liquidated over the past 24 hours, with long positions accounting for the majority of losses at $382.7 million. Let's break down the numbers driving this rally and their impact on the wider market.   What’s Trending in the Crypto Community?  Solana's average daily DEX trading volume over the past week remained above $6 billion, with a market share of 45%. Wall Street bond trading giant Cantor Fitzgerald to acquire approximately 5% ownership stake in Tether. Tether minted an additional $3 billion USDT stablecoins. Since November 8, 2024, Tether has minted approximately $13 billion.   Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change SAND/USDT +58.12% MANA/USDT +22.12% XTZ/USDT +10.91%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025 Bitcoin ETFs See $1 Billion in Inflows Amid BTC Push Toward $100,000 Bitcoin ETF flows. Source: SoSoValue U.S. Bitcoin ETFs are driving Bitcoin's rally with a huge $1 billion inflow on November 22, 2024. This brings total ETF inflows this week to $2.8 billion. U.S. Bitcoin ETFs now hold $105.91 billion in BTC, making up about 5.46% of Bitcoin's total market cap, which sits at $1.94 trillion. This massive capital shows institutional investors still see value in Bitcoin as it approaches record highs.   BlackRock's iShares Bitcoin Trust (IBIT) led the inflows, bringing in $608.41 million in one day, pushing its total net inflows to $30.82 billion. IBIT’s net assets stand at $47.92 billion, solidifying its lead in the Bitcoin ETF market. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $300.95 million in inflows, bringing its total to $11.52 billion with $19.54 billion in net assets.   Bitwise Bitcoin ETF (BITB) added $68 million, followed by ARK 21Shares Bitcoin ETF (ARKB) with $17.18 million. Grayscale’s Bitcoin Mini Trust saw $6.97 million in new inflows, while VanEck Bitcoin ETF (HODL) and Franklin Templeton Digital Holdings Trust (EZBC) each gained $5.7 million. On the other hand, Grayscale Bitcoin Trust (GBTC) saw outflows of $7.81 million, taking its total net outflow to $20.26 billion. This variation shows the diverse preferences in ETF choices among investors.   Read more: US Bitcoin ETFs Cross $100 Billion in Assets: What It Means for Crypto Investors   Tether Mints $3 Billion USDT During Bitcoin Surge Source: Arkham Intelligence Tether minted an extra $3 billion in USDT on November 23, pointing to high liquidity demand in the market. Onchain data shows $2 billion USDT was minted on Ethereum and $1 billion on Tron. Stablecoin volumes often reflect market interest, with high volumes linked to increased trading activity. The minting of $3 billion USDT suggests traders expect strong price moves as Bitcoin closes in on $100,000.   Stablecoins like USDT offer a quick way for investors to shift capital between crypto and fiat, making it easier to trade during market surges. The increase in USDT indicates a bullish mood and demand for liquidity to back continued momentum.   Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   NFT Market Stays Strong with $158 Million in Weekly Sales Leading networks by sales volume in the last week. Source: CryptoSlam NFTs showed strong performance last week with $158 million in sales by November 24. Although down 12.7% from $181 million the week before, NFT activity remained high. Ethereum led with $49 million in weekly sales, a 25.9% decrease, but still ahead of other blockchains.   Bitcoin-based NFTs hit $43 million in sales, down 29%, while Solana reached $23.9 million—a 9% drop. Polygon, Mythos Chain, Immutable, and BNB Chain together recorded $35.8 million in weekly sales. Solana led with 185,000 NFT buyers, up 57.99% from last week’s 117,000 buyers, showing solid interest despite the slight drop in sales volume.   The average NFT sale was valued at $126.17, compared to $133.08 last week. While overall sales dipped, the volume still stayed above early November levels, when weekly sales were $93 million—highlighting a 69% rise from earlier in the month.   Read more: Top Solana NFT Projects to Keep an Eye On   Conclusion Bitcoin’s march toward $100,000 is powered by massive ETF inflows—$1 billion in a single day. U.S. Bitcoin ETFs now hold $105.91 billion in BTC, or 5.46% of the market cap, showing strong support from institutional investors. The minting of $3 billion in USDT by Tether highlights increased liquidity demand, boosting the market's bullish sentiment.   The NFT market also remains strong despite minor dips, with high sales activity and new buyers, especially on Solana. This shows resilience across the crypto market, despite fluctuations in price. The current rally and ETF involvement point to Bitcoin's growing status as a store of value. As ETF inflows continue and stablecoin volumes rise, Bitcoin's move toward $100,000 seems inevitable. With increasing adoption by both retail and institutional players, the broader crypto market is gearing up for a transformative period in financial history.

US Bitcoin exchange-traded funds (ETFs) crossed $100 billion in AUM for the first time. This milestone underscores the growing institutional interest in Bitcoin and its adoption as a mainstream investment asset. Bloomberg Intelligence data shows Bitcoin ETFs now collectively manage $104 billion in assets, making them a dominant force in the ETF landscape.   Quick Take Total Bitcoin ETF assets under management (AUM) reached $104 billion as of November 21. BlackRock’s iShares Bitcoin Trust (IBIT) leads with $30 billion in net inflows since January. Bitcoin ETFs are on track to surpass gold ETFs in net assets, currently valued at $120 billion. Spot Bitcoin prices surged to over $99,500, with predictions to break the $100K milestone soon. Trump’s pro-crypto election win boosted Bitcoin ETF inflows and market sentiment. BlackRock’s iShares Bitcoin Trust (IBIT) leads with $30 billion in net inflows this year. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows, attracting $11 billion. Other contributors include ARK 21Shares Bitcoin ETF and VanEck’s HODL fund. Together, these funds have drawn billions of dollars from both retail and institutional investors.   Spot Bitcoin ETF flows in November 2024 | Source: TheBlock   Bitcoin vs. Gold: A New Rivalry BTC vs. Gold: returns over the past year | Source: TradingView    Bitcoin ETFs are rapidly catching up to gold ETFs in terms of AUM. Gold ETFs currently hold $120 billion, but Bitcoin ETFs are 82% of the way to surpassing them. Analysts like Eric Balchunas from Bloomberg Intelligence predict that this could happen within months, marking a shift in how investors view store-of-value assets.   Bitcoin’s unique properties, such as its inelastic supply and decentralized nature, position it as a competitor to gold in what JPMorgan calls the “debasement trade.”   Bitcoin Price Surge BTC/USDT price chart | Source: KuCoin   Spot Bitcoin prices have soared, trading at over $99,500 as of November 22, 2024—an over 170% increase over the past year. Analysts expect Bitcoin to break the $100,000 barrier soon, with projections ranging between $100K and $150K by year-end.   The increasing Bitcoin ETF inflows and price momentum highlight the growing demand for Bitcoin as an investment asset.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   The Trump Effect Investor confidence surged after Donald Trump’s pro-crypto election win. His victory is expected to bring a more favorable regulatory environment for cryptocurrencies, further boosting demand for Bitcoin ETFs. Since the election, BTC ETF inflows have exceeded $5 billion, reflecting optimism in the market.   What’s Next for Bitcoin ETFs and Investors?  Bitcoin ETFs are now 97% of the way to surpassing Satoshi Nakamoto’s estimated Bitcoin holdings, cementing their position as major market players. The introduction of ETF options, like BlackRock’s IBIT options, adds more avenues for investor participation.   This rapid growth signals a broader acceptance of Bitcoin in traditional finance, potentially setting the stage for similar developments with Ethereum and other cryptocurrencies.   Conclusion The crossing of the $100 billion milestone by Bitcoin ETFs marks a pivotal moment for crypto adoption. As institutional interest grows and Bitcoin approaches new price records, ETFs continue to pave the way for mainstream acceptance.   For investors, this milestone reinforces Bitcoin’s role as a viable and competitive investment asset in both traditional and digital markets.   Read more: Bitcoin Breaks $99K Amid Gensler SEC Shakeup, NFT Market Soars 94%, Ethereum Trading Volume Hits $7.13 Billion: Nov 22

Bitcoin briefly surged to $99,000 hitting a new all-time high on November 21st, and is currently priced at $98,471.31, while Ethereum is at $3,356, up by +9.33% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.4% long versus 49.6% short positions. The Fear and Greed Index, which measures market sentiment, was at 82 yesterday and maintains the Extreme Greed level at 94 today. Bitcoin surged past $99,000 after news broke that SEC Chair Gary Gensler will step down on Jan. 20—the same day Donald Trump returns to the White House. Investors expect Trump's presidency to bring a more crypto-friendly stance, fueling bullish momentum for Bitcoin. With pro-crypto policies anticipated, Bitcoin continues its rapid climb, reaching new highs and nearing the $100,000 milestone.   What’s Trending in the Crypto Community?  BTC breaks through $99,000, setting a new all-time high. Tether (USDT) market cap breaks through $130 billion, setting a new high. Bitcoin mining company MARA completed $1 billion convertible note financing.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change XRP/USDT +27% SOL/USDT +11.63% MOG/USDT +20.85%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin Surpasses $99,000 on Regulatory News and Trump's Win Source: KuCoin 24HR BTC/USDT Chart   Bitcoin (BTC-USD) jumped to $99,000 as traders reacted to news of SEC Chair Gary Gensler's resignation. This change coincides with Trump's upcoming presidency, which could introduce more favorable crypto regulations. Bitcoin has climbed 40% since Trump's victory earlier this month, with investors eyeing the symbolic $100,000 target. Reports suggest Trump's team is discussing the creation of a dedicated crypto policy office, which has fueled more optimism.   Trump’s Pro-Crypto Sentiment Drives Bitcoin Higher Trump's focus on crypto policy has encouraged investors. Galaxy Digital’s CEO Mike Novogratz expects Trump's SEC pick to be positive for Bitcoin, highlighting the pro-crypto sentiment within his team. Trump's victory has sparked discussions of creating a national Bitcoin stockpile, adding to the excitement. News that Trump Media & Technology Group may acquire crypto trading company Bakkt has further boosted confidence, signaling broader engagement with blockchain.   Read more: Bitcoin Nears $100K Amid 'Trump Trade' Surge: Key Drivers and Impacts   Bitcoin ETFs See Big Inflows Following Trump's Win Source: Google   The introduction of new options tied to IBIT, which began trading on the Nasdaq on Nov. 19, has also contributed to increased liquidity and volume in the crypto market. BlackRock’s iShares Bitcoin Trust (IBIT) gained $13 billion, pushing assets past $40 billion, just 10 months since its launch. This growth came right after Trump's election win. New options tied to IBIT began trading on Nasdaq, boosting crypto trading volume even further.   Options trading provides investors with more avenues to manage risk and gain exposure to Bitcoin without directly holding the asset, which often draws in institutional capital. These options contracts attracted significant interest from traders looking to capitalize on Bitcoin's recent volatility, further driving inflows into Bitcoin-related products.   Read More: Bitcoin Breaks $96K, Memecoins Drive Solana to $8.35 Billion Revenue, MicroStrategy’s $26 Billion Bitcoin Now Outpaces Nike and IBM: Nov 21   NFT Market Soars 94% with Crypto's Bullish Trend Source: CryptoSlam.io   NFTs also surged as the crypto market rallied. Weekly NFT sales hit $181 million, up 94% from the previous week. Ethereum NFTs led with $67 million in sales—a 111% increase—while Bitcoin-based NFTs reached $60 million, up 115%. This uptick breaks a seven-month decline, signaling renewed interest in digital collectibles. The average NFT sale grew to $133 from $71, an 87% increase, showing stronger demand amid rising market optimism.   Source: Cryptoslam.io   The average value per NFT transaction also jumped significantly with the average NFT sale price rising from $71.11 to $133.08—an 87% increase. This growth demonstrates that collectors are willing to pay more for NFTs during periods of positive sentiment, which was fueled by the overall market's bullish outlook. Additionally, Solana, Mythos Chain, Immutable, Polygon, and BNB Chain collectively recorded $45.5 million in weekly sales, highlighting the broader market resurgence across multiple blockchain networks.   Ethereum Trading Volume Hits $7.13 Billion Yearly High Source: KuCoin 24HR Chart ETH/USDT   Ethereum’s network activity jumped, with on-chain volume reaching $7.13 billion on Nov. 15, the highest daily volume in 2024. This beat the previous peak in March and represents an 85% increase since Nov. 1. As Bitcoin rallied to new highs, Ethereum benefited, with investors reallocating funds across the crypto space. Analysts expect Ethereum's volume to continue rising as capital flows into decentralized trading environments.   Ethereum’s increase in trading volume coincided with major inflows from institutional investors. These investors sought exposure to both Bitcoin and Ethereum ETFs, which were recently approved in the U.S., marking a shift from a regulatory crackdown to a more open attitude towards crypto investment. The daily volume represents an 85% increase from Nov. 1, where it stood at $3.84 billion, and this spike highlights the renewed speculative interest in Ethereum, driven by market conditions that favor high-risk assets amid regulatory optimism.   Conclusion Bitcoin's rise to $99,000 marks a major milestone, driven by a shifting regulatory environment and increased institutional adoption. The market has welcomed the upcoming changes at the SEC and Trump's return, sparking fresh optimism. Institutional moves like BlackRock's Bitcoin ETF growth show increased confidence in digital assets. Meanwhile, NFTs and Ethereum have joined in on the market rally, both experiencing strong growth. As Bitcoin approaches the $100,000 level, the crypto space braces for more significant developments and a potentially groundbreaking phase.

Bitcoin’s rally continues to make headlines, as the leading cryptocurrency inches closer to the $100,000 mark. Early Thursday, Bitcoin price touched an all-time high of $97,500 according to Coinmarkecap, marking another milestone in a historic bull run driven by optimism surrounding a pro-crypto government and innovative market developments.   Quick Take Bitcoin makes a new ATH above $97,500, inching closer to the $100,000 milestone. The rally is fueled by pro-crypto U.S. policies under President-elect Donald Trump. Institutional interest surges with BlackRock's IBIT options debuting at $2 billion in volume. MicroStrategy continues aggressive Bitcoin purchases, cementing its role in driving prices higher. Analysts forecast a potential Bitcoin price of $200,000 in coming months. Pro-Crypto Sentiment Boosts Bitcoin Inflows by Over $4B The Republican win in the recent U.S. elections has created a favorable environment for cryptocurrencies. President-elect Donald Trump has pledged to make the U.S. a global crypto leader. His administration's stance is expected to loosen regulatory constraints, sparking optimism among investors.    Institutional players are taking note. More than $4 billion has flowed into Bitcoin exchange-traded funds (ETFs) since the election. BlackRock’s newly launched IBIT ETF options are leading the charge, attracting $2 billion in trading volume on their first day. Analysts view this as a strong signal of growing institutional confidence in Bitcoin.   Read more: Bitcoin’s 90% Price Rally Soon, Trump-Bakkt Rumors Cause 37,000% Surge, AI and Big Data Tokens Rocket 131%: Nov 20   BlackRock’s IBIT Options Reshape the Market with $2B Inflows BlackRock IBIT options puts and calls | Source: Cointelegraph   IBIT options, tied to BlackRock’s Bitcoin ETF, debuted with impressive numbers:   $2 billion in notional exposure traded. A bullish call-to-put ratio of 4.4:1. Options offer traders more tools for hedging risks or betting on price movements. This is expected to increase liquidity and stabilize the market over time. Analysts also suggest that IBIT options could dampen volatility in the long term while attracting new investor demographics.   Corporate Whale MicroStrategy Owns Over 380,000 BTC BTC/USDT vs. MSTR stock over the past month | Source: TradingView    MicroStrategy, a leading corporate investor in Bitcoin, continues to bolster its holdings. Since Trump’s election, the firm has purchased over 51,800 BTC, bringing its total to approximately 331,000 BTC, valued at $31 billion.   The company's strategy has not only pushed Bitcoin prices higher but also solidified its position as a key player in the crypto market. Shares of MicroStrategy have surged nearly 900% in the past year, showcasing the market’s confidence in its approach.   Read more: Possibility of U.S. Strategic Bitcoin Reserve Surge as Pennsylvania Introduces Strategic BTC Legislation   Bitcoin Price Predictions and Market Sentiment  Bitcoin’s price has doubled this year and risen 40% since the election. Analysts project it could reach $200,000 in the coming months, driven by:   Increased institutional adoption. The introduction of sophisticated trading instruments like IBIT options. A supportive regulatory environment under the Trump administration. However, some caution remains. Traders warn that the market’s rapid growth could lead to corrections, especially if bullish momentum wanes.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin Technical Analysis: Key Levels and Trends BTC/USDT price chart | Source: TradingView    Bitcoin’s bullish momentum shows no signs of slowing down, with the asset trading just shy of $97,000. A closer look at its technical setup reveals critical levels and trends that could determine its near-term trajectory.   Key Support and Resistance Levels Immediate Resistance: $98,000A decisive breakout above $98,000 could pave the way for a move toward the psychological $100,000 mark. Support Levels: $93,800 and $92,800On the downside, immediate support lies at $93,800, bolstered by a bullish trendline. If this level fails, the next major support is at $92,800, aligning with the 61.8% Fibonacci retracement level of the recent upward move. Technical Indicators Signal Bullish Continuation MACD (Moving Average Convergence Divergence): The hourly MACD remains firmly in the bullish zone, suggesting strong buying momentum. This indicator points to continued upward movement in the near term. RSI (Relative Strength Index): The RSI is above the 50 mark, confirming that bulls are in control. However, traders should monitor for signs of overbought conditions as Bitcoin nears $100,000. BTC Price Prediction: Potential Scenarios Bitcoin’s price movement has been defined by a strong uptrend since the U.S. elections, with higher highs and higher lows on the hourly chart. A bullish trendline supports the current price action, indicating a continuation of the upward trend.   Bullish Breakout: A clean break above $97,000 could drive Bitcoin toward $98,000, with the potential to test $100,000 in the coming days. Analysts suggest that such a move would likely attract additional buying interest, reinforcing the rally. Temporary Pullback: Failure to sustain above $93,800 might lead to a pullback toward $92,800 or even $91,500. This would allow the market to consolidate before resuming its upward trend. What’s Next for Bitcoin? The $100,000 mark remains the immediate psychological target for Bitcoin. Breaking this barrier would place its market capitalization above $2 trillion, further cementing its status as a mainstream asset. Analysts believe that near-term support levels around $93,800 will be critical in maintaining upward momentum.   In the broader market, crypto-related stocks and ETFs are also seeing significant gains, indicating that Bitcoin’s rally is driving a ripple effect across the industry.   Conclusion Bitcoin’s historic surge reflects growing optimism in the cryptocurrency market. With institutional players stepping in and a supportive government on the horizon, the stage is set for continued growth. As Bitcoin approaches the $100,000 milestone, it’s clear that the “Trump trade” has reshaped the landscape, potentially ushering in a new era for digital assets.