Cryptocurrency

The “max pain point” — the price level at which the most options would expire, worthless — is currently $36,000 for Bitcoin and $1,900 for Ethereum. Historically, prices tend to gravitate toward the max pain point as expiration approaches, causing traders to adjust their positions, which can lead to increased volatility.The Put/Call Ratio, at 0.49 for BTC and 0.41 for , indicates a higher number of call options, suggesting bullish sentiment among option holders. However, this ratio also underlines the risk of a sharp move in either direction, as options near their expiration.Looking back, significant options expiries have often coincided with increased trading activity and price swings, as market participants hedge their bets or double down on their market expectations. For instance, past expiries have sometimes led to a decline in prices as traders sell the underlying asset to manage their exposure, while other times, a rally follows if the sentiment is bullish enough to absorb the selling pressure.As these options expire, the immediate effects on the market will depend on the current sentiment and positioning of market players. While the expiry itself may not dictate long-term price trends, it can serve as a catalyst for short-term price movements. Investors and traders will be watching closely to see if the market aligns with historical patterns or if it charts a new course in response to the current economic landscape. This article was originally published on U.Today More

The consolidation around this critical support level at approximately $0.0000084 has been perceived by some as a springboard for future gains, with predictions of a bullish continuation that could result in a 12% surge in the coming weeks​​. This is further supported by SHIB trading above both the 50-day and 100-day moving averages, suggesting a strong uptrend with potential for further growth​​.The persistence of price above these moving averages and the forming of a potential “golden cross” — a bullish signal where the 50-day moving average crosses above the 200-day moving average — reinforces the prospect of an imminent price rally​​. The golden cross is typically a lagging indicator, but it is regarded by investors as a confirmation of a strong bull market on the horizon.Adding to the bullish sentiment, the stable Relative Strength (RS) and increased trading activity have been highlighted as favorable conditions for SHIB’s potential price rally, suggesting that the coin is demonstrating compelling signs of a bullish breakout that could potentially trigger a substantial surge, estimated at around 12%​​.Technical patterns and support levels suggest that may indeed be preparing for significant upward movement. While the meme coin market is notoriously volatile and unpredictable, current indicators give a cautiously optimistic outlook for SHIB. Investors and traders will be watching closely for a confirmed breakout above the 200-day SMA, which could signal the start of the anticipated climb.The price stabilization comes as Ethereum encounters resistance at $2,136, a critical level where profit-taking by Ethereum whales has been observed. This selling pressure hints at a potential correction but is counterbalanced by positive market developments, such as the filing of a spot Ether ETF by BlackRock (NYSE:BLK), which could significantly strengthen Ethereum’s market position​​.Despite the current hesitation in the rally, Ethereum’s fundamental outlook remains robust. The asset has successfully maintained a level above the major resistance at $2,008.08, with analysts suggesting that the bulls are gathering strength for a second rally. Should the bulls overpower the bears at the $2,195.87 resistance, Ethereum could eye a substantial climb, potentially reaching as high as $3,000.27, given the lack of major resistance levels in between​​.Moreover, the recent involvement of investment giants like BlackRock has contributed to Ethereum’s year-to-date high of $2,139, signaling bullish sentiment on the market that could propel the price to $3,100​​. Technical analysis reveals that is trading between its immediate support and resistance levels at $2,014 and $2,112, respectively, further suggesting that the rally could pick up momentum once more if these levels are breached to the upside​​.The key takeaway from the current price action and market sentiment is that Ethereum is in a consolidation phase, gathering steam for its next move. While there is cautiousness due to the recent rally’s pause, the overarching market sentiment is tilting toward optimism, with several factors lining up that could act as catalysts for Ethereum’s growth.This article was originally published on U.Today More

Whale activity has been particularly noteworthy, with a spike in transactions to their highest levels in seven months, indicating a flurry of activity among these large capital players​​. This is significant because whale behaviors often prelude broader market trends; when they move, the market watches closely. While some whales have booked profits in the wake of the rally, others have gone on a buying spree, picking up 3,200 coins following the price surge​​​​.One whale, previously inactive for nearly three years, transferred a staggering 26,406 ETH to crypto exchange Bitfinex, realizing a profit of nearly $50 million​​. Another smart whale moved 25,700 ETH to Binance just before the rally, netting gains of $1.5 million as the price pumped​​.However, not all actions by whales suggest a bullish continuation. Some whale investors have been unstaking their and sending them to exchanges to lock in gains, a move that could be interpreted as preparation for a potential downturn​​. Also, a noticeable spike in exchange-related addresses could indicate that some whales are transferring their holdings to book profits, possibly hinting at a cautionary stance toward the immediate future of the market​​.ascent can be partly attributed to the broader market’s return to risk-on sentiment, where investors are gravitating toward assets with solid fundamentals and strong use cases. Furthermore, technical indicators on the daily chart are signaling a bullish trend, with SOL consistently making higher lows and higher highs – a classic sign of a sustained uptrend.The chart reveals a potential support level at the $60 mark, which has recently transitioned from a resistance level to a support level following its breakout. This is a bullish indicator, as what was once a ceiling for price is now a floor, suggesting that has the backing of buyers at this new price point.As for when the rally might lose steam, traders are eyeing the Relative Strength Index (RSI) and trading volume for clues. The RSI is currently in a healthy range, neither overbought nor oversold, which typically provides room for further price appreciation. However, should the RSI approach overbought territory, above 70, the likelihood of a reversal could increase as the asset may be considered overextended.The ADA/USDT daily chart on Binance highlights ADA’s significant uptrend. Currently navigating around $0.3690, ADA’s price stands well above both the 50-day and 100-day moving averages. These key indicators underscore the asset’s robust bullish momentum and point toward a continuation of the upward movement​​.The surge in trading volume accompanying rally is a critical factor supporting optimistic market sentiment. This increased activity is not just reflective of growing investor confidence but also reinforces the likelihood of ADA’s continued rise. Analysts project a 20% leap from current levels, aiming for a price point near $0.44, assuming support levels hold firm and bullish sentiment remains intact​​.However, the inherently volatile nature of the cryptocurrency market suggests that a pullback is always within the realm of possibility. Should ADA encounter resistance or face profit-taking activities, especially around the $0.38 to $0.40 range, we might see a temporary retracement before further gains​​.This article was originally published on U.Today More

In a striking November rally, Solana’s market capitalization soared by 65%, elevating its valuation to nearly that of Ripple (XRP) and positioning it among the top six cryptocurrencies with a market cap of $26.5 billion. This surge is a stark contrast from its June valuation of just $296.5 million.Industry experts attribute Solana’s impressive performance to its role as an efficient Layer 1 platform, which is increasingly seen as a strong competitor to Ethereum (ETH). Solana is lauded for its speed, cost-effectiveness, scalability, and web-scale architecture—qualities that are becoming more critical as the crypto space evolves.An advisor from Render Foundation highlighted Solana’s robust core infrastructure as a key factor in its success. Additionally, there is a growing trend of users and developers moving away from Ethereum due to its high gas fees, which has likely contributed to Solana’s rise.In response to the SEC’s claims, the Solana Foundation has defended its platform by underscoring its superior transaction speeds compared to other blockchain networks. The foundation firmly refuted the SEC’s classification of SOL as a security, emphasizing its technological advantages and commitment to compliance with regulatory standards.As Solana continues to gain momentum in the cryptocurrency market, it stands out not only for its significant price movement but also for its underlying technology that may redefine efficiency standards within the blockchain industry.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Yang, who described himself as an “enormous believer in smart money, smart currencies,” said he saw blockchain and Web3 technology in a sorry state, especially in the United States, which creates the risk of firms fleeing overseas. Part of the problem is public perception, Yang said:Continue Reading on Cointelegraph More

Hashkey Exchange one of the first regulated crypto exchanges in Hong Kong has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% of Hashkey’s digital assets in cold wallets and 100% of digital assets in hot wallets and pay out anywhere between $50 million to $400 million in the event of a claim.Continue Reading on Cointelegraph More

The majority of the current open interest is concentrated on major exchanges such as CME, Binance, and Bybit. This significant rise in open interest could be an indicator of where Bitcoin’s price might head next. Historical patterns suggest that an uptick in open interest can lead to a price increase for Bitcoin. In March 2022, for instance, a similar increase in open interest was followed by Bitcoin’s price rising from $38,700 to over $47,000 within a month.As of today, Bitcoin is priced at $37,500. If the current trend aligns with the historical precedent set in March 2022, market watchers are anticipating the possibility of Bitcoin’s price climbing towards $45,000 by the end of the month.Nevertheless, there is also caution in the air due to past patterns where a peak in open interest led to a subsequent decline in Bitcoin’s value. In April 2022, after reaching a high point in open interest, the market experienced a downturn with Bitcoin’s price falling to $27,000.Investors and analysts alike are keeping a close eye on these developments as they could signal the next significant move for Bitcoin’s price in either direction. With the memory of past volatility still fresh, market participants are weighing the potential for growth against the risk of another downturn.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

As described by regulators on November 16, respondents GS Partners, GS Smart Finance and GS Wealth allegedly held three rounds of metaverse property sales beginning September 2021. At the time, investors were informed that could purchase XLT Vouchers, or BNB Chain tokens that represented ownership of one square inch of a unit in the company’s G999 Tower metaverse, at 9.63 Tether (USDT) per voucher. However, the token rapidly lost its value, to less than 0.0000049 USDT apiece on decentralized exchange PancakeSwap, after the respondents failed to reach its $175 million raise target for the offering.Continue Reading on Cointelegraph More