Token breaks above key support while volume surges 251% under psychological level defense at $2.00. News background US spot XRP ETFs continue to pull in steadily, with cumulative demand now exceeding $1 billion since launch – the fastest pace of early adoption for any altcoin ETF. Institutional participation remains strong, although retail sentiment remains muted, […]
Ripple Buyers Enter $2.00 Floor on BTC’s Hover Over $91K Read More »
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$91,235.39 continues to trade within a countertrend rising channel on the hourly chart that sits inside a larger downtrend, leaving price action finely balanced. A clean break above $96,500 would technically be bullish as this level marks the confluence
BTC, XRP, ETH, SOL News: Bitcoin in Counter-Trend Channel Read More »
Technical indicators across multiple timeframes point to structural weakness despite brief breakout attempts above $2.05 resistance during overnight trade. News background XRP continues to face pressure as its weekly performance deteriorates to -7.4%, adding to the multi-session downtrend that dominated early December. Despite continued price weakness, institutional demand remains strong via US spot XRP ETFs,
Feeling fearful as an indicator flashes early turn signal Read More »
Today is a crucial and dangerous moment for crypto. In my twelve years in this space, I have never seen the conditions we are experiencing now, even in our most bearish cycles. Individually, these signals would be disturbing. Together, they are signs of a major potential crisis. Whatever happened to calls for utility or onboarding
Crypto has reinvented and replatformed the middleman Read More »
US President Donald Trump took office early this year, with at least part of his 2024 election victory thanks to voters buying into campaign promises of a crypto-friendly administration. So far, the Trump administration has actually taken decisive pro-crypto steps, including signing an executive order repealing Biden-era policies, creating the presidential task force on digital
Trump Administration Overlooks Bitcoin, Blockchain in National Security Strategy Read More »
Memecoin faces rejection at $0.1409 resistance as institutional flows rise to 480M tokens, creating divergence between technical weakness and fundamental strength. News background Dogecoin continues to struggle below the $0.14 threshold despite strong accumulation trends and an increase in network activity. On-chain data shows that whales bought 480 million DOGE between December 2nd and 4th,
Activity Hits 3-Month High, But DOGE Price Action Remains Range-Bound Read More »
Bitcoins BTC$89,274.20 The latest slide may feel ominous, but K33 Research analyst Vetle Lunde says December could mark a turning point for the cryptocurrency. After its steepest correction since the last bear market, the firm sees more evidence of a recovery than another collapse. BTC has been weighed down by a wave of selling, much
Bitcoin’s (BTC) Deep Correction Sets Stage for December Rebound, K33 Research Says Read More »
Glassnode’s latest weekly report highlights similarities between current market conditions and the early stages of the 2022 bear market, also known as crypto winter. The first metric that suggests stress is the elevated risk of top buyer capitulation. Glassnode’s Cost Basis of Supply Quantiles, which tracks the cost basis of supply at top buyers, shows
Bitcoin Price (BTC) Analysis: Crypto Winter Parallels Read More »
With the Bank of Japan (BOJ) expected to raise interest rates next week, some observers are concerned that the Japanese yen could rise, triggering an unwinding of “carry trades” that are crushing bitcoin. However, their analysis overlooks the actual positioning of the currency and bond markets and misses the nuance and far more likely risk
Debunking The Yen Carry Trade Relax Alarms Read More »
Congressional panels have advanced nominations for regulators who will deal with crypto, but the full Senate has not yet confirmed them. We are also running out of time for market structure. PS: I will be in Washington, DC for the Blockchain Association Annual Summit. I’d love to say hello if you’re there. You’re reading State
Crypto Mode: End of the Month Read More »
