First Mover Americas: Bitcoin’s Correction Takes Price Below $93K
Bitcoin has fallen over 6% in the last 24 hours.
Indicators suggest BTC could drop to as low as $90,000.
Ether outperforms the broader market.
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Bitcoin Long-Term Holders Have 163K More BTC to Sell, History Indicates: Van Straten
Long-term investors have sold almost 550,000 BTC, almost 4% of their holdings.
Last week, one-day profit-taking touched a record high in dollar terms, more than $10.5 billion.
The percentage drop from long-term holders continues to fall each cycle.
Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions
Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March’s record activity.
The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum.
Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in the past week.
XRP Holds Strong as Archax Unveils Tokenized Money Market Fund on XRP Ledger
Archax has provided access to Abrdn’s U.S. dollar Liquidity Fund (Lux) in tokenized form on XRPL.
Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL.
XRP price jumped 6%, touching a high of $1.49 in the hours following the release, before paring gains in a market-wide drop.
3 Reasons Why Bitcoin Risks Falling Below $90K: Godbole
BTC traders purchase protective put options in response to Monday’s 5% decline.
The Coinbase premium indicator highlights a decline in demand for Bitcoin in the U.S. market.
The daily chart reveals a bearish RSI divergence, signaling potential weakness in price momentum.
Bitcoin Slides Near $94K, but Short-Term Bullish Target of $100K BTC Unchanged
A bitcoin-led crypto market correction continued into its third day as the asset lost a further 3.5% in the past 24 hours.
However, bitcoin tends to bounce back when short-term holders sell at a loss. And some say this creates a buying opportunity for traders at current levels.
It’s a ride that some expect to be packed with market volatility.
U.K. Financial Regulator Aims for Crypto Regime by 2026
The U.K. Financial Conduct Authority (FCA) said it wants to implement a crypto regime by 2026.
Ownership of crypto assets grew by 4% in the past two years, to include some 7 million adults out of the country’s roughly 68 million population.
Why Memecoins Matter
Collage of memecoin project imagery
Kernel Secures Binance Labs Funding to Redefine Restaking on BNB Chain
Bengaluru, India, 25th November 2024, Chainwire
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XRP price to hit $1.60 ‘if Bitcoin doesn’t ruin party’
After a multi-week winning streak in the wake of Donald Trump’s re-election and the announcement Chair Gary Gensler will be … Continue reading
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