Cryptocurrency

The world’s largest cryptocurrency fell into a trading range below the $100,000 level in recent weeks, after largely failing to cross the coveted level during a rally through November. But it still remained close to recent record highs of over $99,000.Bitcoin fell 0.8% to $95,928.8 by 00:18 ET (05:18 GMT). Most major altcoins rallied past Bitcoin in anticipation of more friendly policies under President-elect Donald Trump. XRP was a major beneficiary of this trend, hitting an over six-year high on speculation that the SEC will drop its long-running lawsuit against issuer Ripple.Bitcoin clocked some losses after Arkham Intelligence data showed the U.S. government had moved nearly 20,000 coins, worth about $1.9 billion, onto Coinbase (NASDAQ:COIN). Such a move usually heralds a sale event. The coins were confiscated from the now defunct Silk Road online black market, and represent roughly 10% of the government’s overall Bitcoin stockpile, according to Arkham data. The mobilization of tokens onto an exchange usually heralds a sale event, with the government having sold off tokens through similar channels in the past. But the move may not necessarily herald a sale, given that Coinbase has a contract with the Justice Department’s U.S. Marshals Service to provide custody and trading of its digital assets. TD analysts downplayed the possibility of a Bitcoin Strategic Reserve under Donald Trump, stating that the President-elect’s “ironclad” view that the dollar must remain the world’s reserve currency would stymie any attempts to hedge against the greenback. Bitcoin’s latest rally was driven by optimism over Trump’s election victory, given that he promised to enact crypto friendly policies and potentially establish a Bitcoin reserve.But while Trump’s cabinet picks all harbor crypto-friendly views, doubts have emerged over the possibility of a reserve. The establishment of a reserve would also require fiscal funding to buy more Bitcoin, which appears unlikely in the face of a Republican-led Congress that aims to slash government spending.Broader crypto prices mostly rallied past weakness in Bitcoin. World no.2 crypto Ether fell 1.1% to $3,653.11.XRP rose further after its recent rally saw it become the world’s third-largest crypto. The altcoin rose 11.3% to $2.7395, hitting an over six-year high on speculation that a change in leadership at the SEC will see the agency drop its long-running lawsuit against Ripple.Solana fell 0.3%, while Cardano surged 12%. Polygon rallied nearly 18%.Meme tokens lagged, with Dogecoin losing 3.8%.  More

According to the price chart, XRP has experienced a parabolic rise, decisively surpassing several resistance levels, including the noteworthy $2 milestone. Strong trading volume backs this upward trend, especially on South Korea’s Upbit exchange, where it hit $3.69 billion. XRP’s distinct position in the current market cycle was highlighted by the noticeably lower trading volumes of Ethereum and Bitcoin. Now the question is whether XRP can continue on this path and reach $3.Given the current momentum, it seems likely. Around $2.75 is the next important resistance level which, if broken, could open the door to a $3 breakout. With a price above $3, XRP will reach new heights for this rally, possibly reaching $3.50, contingent on market circumstances and sustained interest from institutional and retail investors. But it is important to remember that XRP’s RSI is at 87, which indicates that the market is overbought. This increases the possibility that there will be a consolidation or pullback period prior to another leg up. The levels of $1.70 and $2.20 are important support levels to keep an eye on since they serve as buffers in case of a correction. The ascent of XRP to $3 is now a reality. With record-breaking trading volumes and strong fundamentals, this ambitious goal has a strong basis.According to a chart analysis, the recent rally indicates that SHIB is emerging from a period of consolidation, propelled by an increase in market activity. A positive indication is the price’s continuous upward momentum, even though it briefly touched $0.000031 before retracing slightly. The 21 EMA has served as reliable support, and the strength of this move was further supported by the breakout and a spike in trading volume. Staying above $0.00003 is not assured though, particularly in light of the larger market dynamics. The overall state of the cryptocurrency market is still unstable, and SHIB’s RSI is overbought at 70, indicating that there may be a brief correction or consolidation. The amount of $0.000027 might provide instant support in the event of such a pullback, with $0.0000249 being the next crucial level to keep an eye on.On the plus side, additional gains might be possible if SHIB can maintain its position above $0.00003. Based on market sentiment and ongoing bullish momentum, a successful move past $0.000032 could lead to $0.000035, or even $0.00004. SHIB will require sustained support from the larger market, especially from Bitcoin and Ethereum, which frequently drive altcoin movements in order to continue on its upward trajectory. According to the chart analysis, Bitcoin is presently trading close to $96,000, which is just below the psychological resistance level of $100,000. A break above this level, which serves as a significant barrier, might start the subsequent surge of bullish momentum. As market sentiment cools and profit-taking quickens, a pullback is more likely the longer Bitcoin struggles to recover $100,000. The recent breakout zone and the 21 EMA are in line with $90,400, which is key support. Bitcoin may move toward the $80,400 support, which is in line with the 50 EMA and acts as a robust safety net for the current bullish trend if it breaks below this level, which could indicate additional bearish pressure. With a current Relative Strength Index of 71, the market is overbought. Although this is not necessarily a sign of bearishness, it does imply that the market may go through a period of consolidation or a brief correction before attempting to rise again. Strong buying pressure is necessary to break through the current resistance levels in order for Bitcoin to regain its upward momentum and move toward $100,000. Bulls may be able to reopen the path toward $100,000 and possibly $105,000 if they can push the price above $98,000 with significant trading volume.This article was originally published on U.Today More

Dai Lo is thrilled to announce the successful acquisition of Fractal, which marks a pivotal moment for the future of blockchain technology and privacy innovation. After months of strategic discussions, the acquisition, completed for an undisclosed amount, positions The Dai Lo to harness Fractal’s groundbreaking ZK technology and revitalize its vision for the future.The acquisition encompasses Fractal’s robust technology portfolio, token reserves, intellectual property, and, most importantly, its dedicated community. By integrating these assets, The Dai Lo aims to expand upon the exceptional work initiated by Fractal’s founders and deliver transformative solutions.Earlier this year, The Dai Lo embarked on a journey to explore groundbreaking projects in the Bitcoin, UTXO, BRC20, and Runes ecosystems. Fractal stood out as a project with immense potential but lacked the momentum to realize it fully.While Fractal demonstrated the capacity to operate as an independent Layer 1 (L1) or Layer 2 (L2) platform, its greatest value lies in serving as a foundational component for broader ecosystems, bridging blockchain and traditional Web2 applications. With privacy as a core focus, Fractal’s technology is uniquely positioned to redefine the market.The Dai Lo is a team of transformation specialists committed to identifying undervalued projects and driving them to success.Revitalizing Fractal’s community is the team’s top priority. Acknowledging frustrations from past mismanagement, The Dai Lo is committed to rebuilding trust, improving transparency, and expanding the community with new supporters who align with the project’s vision.In tandem, the team is revisiting branding to return to Fractal’s roots as a privacy-focused project. With cutting-edge zero-knowledge technology in the pipeline, the long-term goal is to make Fractal scalable, reliable, and user-friendly.With the dissolution of Discreet Labs, the organization behind Fractal, The Dai Lo expresses its gratitude to all contributors who laid the groundwork for this acquisition. Special thanks go to Sam Harrison for his instrumental role in finalizing the deal.The Dai Lo is excited to usher in a new era for Fractal, with ambitious plans to elevate the project to unprecedented heights. The team invites the community to join them in shaping the future of $FRA and blockchain innovation.About Fractal NetworkFractal Network is a multi-layer network committed to applying zero-knowledge cryptography at every level of the Web3 stack. Our technology powers secured DeFi, asset tokenization, on-chain identity, private transactions, and more. Through applied zero-knowledge encryption, Fractal is creating a secure on-chain environment for all of Web3. Join our community on X, Telegram, or Farcaster to learn more.ContactContributorGary [email protected] article was originally published on Chainwire More

This article was originally published on U.Today More

In the middle of this, an unexpected yet intriguing question emerges – whether XRP can eventually overthrow Bitcoin NEXT? A trader-expert known in the crypto space under the nickname “DonAlt” stood up to answer that question.Noting that XRP’s fully diluted valuation (FDV) is now double that of Solana and rapidly approaching Ethereum, DonAlt has drawn parallels to 2017, when XRP briefly overtook Bitcoin. However, he cautions that while such growth may excite optimists, going too far could destabilize the market as it did then. DonAlt suggests that even a realistic upside scenario, such as a 1,000% increase, could lead to catastrophic corrections if the market fails to maintain balance.But there is still a bit of skepticism out there. Looking at what has happened in the past and what is going on in the market right now, it is clear that growth like this needs to be managed carefully. There are a lot of risks involved, and the 2017 market crash is a good example of what can happen if things get out of control.This article was originally published on U.Today More

Year to date Ethereum gained around 59% compared to Bitcoin’s 124% surge.However, Ethereum’s recent performance shows promise. Over the last 30 days, Ethereum has risen 46%, outperforming Bitcoin’s 41% gain, signalling a potential resurgence.Key factors driving this optimism include robust staking dynamics, steady transaction fees, and growing institutional interest, particularly through ETFs.Bernstein analysts note that while Ethereum faces competition from faster networks like Solana and fragmented user experiences on Layer 2 solutions, its underlying supply-demand dynamics remain favourable.Currently, 28% of Ethereum’s supply is locked in staking contracts, yielding an annual return of 3%. Another 10% is tied up in lending or bridged to Layer 2 chains. Moreover, nearly 60% of Ethereum’s supply has not been traded in over a year, implying a strong investor commitment.Institutional interest has also picked up, with Ethereum ETF inflows accelerating significantly. Assets under management now total $11 billion, and recent weeks have seen net inflows reversing the trend of outflows from Grayscale’s ETFs.Bernstein sees further potential for momentum, especially if regulatory approval allows asset managers to incorporate Ethereum staking yields into ETFs, which could enhance returns to 4-5% with increased blockchain activity.Ethereum’s scalability model, centered on Layer 2 chains, has driven significant blockchain activity, with daily transactions on Layer 2 solutions exceeding 15 million, compared to 1 million on Ethereum’s base layer.Ethereum retains a 63% share of total value locked in blockchains, indicating high level of trust for retail whale users and institutional users. More

Ctrl Wallet, the self-custody wallet formerly known as XDEFI, has launched its new browser extension, addressing the challenges of crypto traders managing multiple wallets. Designed for navigating the complexities of multichain ecosystems, Ctrl Wallet consolidates assets from over 2,300 blockchains.With 75% of crypto traders using more than three wallets, Ctrl Wallet incorporates networks including Bitcoin, Ethereum, Solana, Cosmos, and THORChain into a single multichain experience. Ctrl Wallet empowers users to seize opportunities across any blockchain without switching between wallets.Ctrl Wallet’s intuitive design and powerful features fill a critical gap in the crypto wallet space. Users can manage their entire portfolio in one place, track balances across all imported wallets, and uncover forgotten funds – a previously complex task when juggling multiple wallets and addresses. “Our vision is simple yet powerful: to build the most advanced multichain wallet in the world,” said Emile Dubié, Co-Founder and CEO of Ctrl. “Crypto should be accessible to everyone, and Ctrl Wallet bridges the gaps in user experience and functionality that other wallets have failed to address.”Core features include:Since rebranding to Ctrl, the wallet has seen rapid growth, surpassing 600,000 users and ranking as one of the top five multi-ecosystem wallets globally. It continues to lead the charge with the highest ratings on the Google Chrome Store. For existing XDEFI users, accounts and funds are seamlessly migrating to Ctrl Wallet, ensuring immediate access to its enhanced features. As blockchain opportunities increasingly extend across the multichain landscape, Ctrl Wallet enables users to take control of their crypto from a single, powerful, and intuitive platform.Download the Ctrl Wallet extension today at Ctrl’s official website.About CtrlFounded in 2020, Ctrl is a leading self-custody wallet that provides access to over 2,300 blockchains in a secure, easy-to-use interface. Serving a global user base of over half a million, Ctrl offers a reliable platform for managing crypto assets, executing token swaps, and connecting with decentralized applications. Ctrl Wallet is designed for both crypto enthusiasts and newcomers, making self-custody accessible for all.ContactCtrl Marketing [email protected] article was originally published on Chainwire More

In today’s dynamic crypto market, users are increasingly seeking financial products that offer flexibility and efficiency. To meet this demand, HTX has officially launched its highly anticipated flagship Crypto Loans product, featuring flexible and dynamic interest rates, at 03:00 UTC on December 2, 2024. This product offers many key advantages, such as dynamic interest rates, high loan-to-value (LTV) ratios, no loan limits, and zero fees, enabling users to enjoy a more flexible, efficient, and worry-free crypto borrowing experience. Flexible loans in USDT, BTC, and ETH are currently supported, with collateral assets such as USDT, BTC, and ETH accepted. There are plans to expand the range of loanable and collateral assets for Flexible Crypto Loans in the future. Meanwhile, the first phase of HTX’s limited-time “Borrow & Earn” event will also kick off, with a prize pool of 2,700,000,000 $HTX up for grabs.Flexible, Efficient, and Worry-Free LoansHTX’s Flexible Crypto Loans, a groundbreaking lending product, is designed with both market demand and user experience in mind. It introduces three key features:Dynamic Interest Rates: Optimizing Borrowing CostsHTX’s Flexible Crypto Loans product empowers users with competitive interest rates within the industry by real-time adjustments according to market conditions. This mechanism helps users avoid the cost burdens of fixed rates while ensuring favorable terms throughout their borrowing, without the need for frequent strategy adjustments.Ultimate Flexibility: No Loan Limit, Flexible Repayment Tailored for a broad range of users—from retail investors to institutional investors—this product supports both small turnovers and significant capital deployments. Users can borrow and repay at any time based on their specific needs, benefiting from a tailored capital management solution in dynamic market conditions.High LTV Ratios and Zero Fees: Lowering Thresholds and Cutting CostsWith a highly effective staking mechanism, users can maximize their leverage with fewer assets. The product caters to diverse investment and trading needs, enhancing asset utilization efficiency. Additionally, the elimination of extra fees ensures a more efficient and cost-effective borrowing experience.Exclusive Benefits: Split 2,700,000,000 $HTX Prize Pool (NASDAQ:POOL) by Joining “Borrow & Earn” #1To celebrate the launch of Flexible Crypto Loans, HTX is also unveiling the “Borrow & Earn” event, offering a prize pool of 2,700,000,000 $HTX. During the event period (03:00 (UTC) on December 2 – 03:00 (UTC) on December 8), a user who borrows USDT via Flexible Crypto Loans will share the $HTX prize pool based on the proportion of their interest expenses on USDT flexible loans relative to the platform’s total interest earnings from the same product (limited to USDT flexible loans). The larger the proportion of the user’s cumulative interest expenses, the greater their share of the $HTX prize pool.A surprise bonus also makes this event more exciting. If the platform’s lending volume of USDT flexible loans reaches 30 million USDT by the end of the event, the prize pool for the next phase of the “Borrow & Earn” event will be doubled, providing more rewards to users.Catering to Diverse User Needs, Reshaping the Future of Crypto LendingHTX has always upheld a user-first philosophy, backed by a world-class technical team that deeply understands user needs. From flexible, dynamic interest rates to zero-fee features, HTX continually optimizes its products with user demand at the core. As a result, HTX can deliver tailored solutions to meet the unique needs of retail investors, high-frequency traders, and institutional investors alike. For High-Frequency Traders and Arbitrageurs: The flexibility to borrow and repay freely, along with a high LTV ratio, empowers traders to seize fleeting market opportunities. The streamlined process also eliminates the cumbersome steps typically found in traditional lending products. For Long-Term Investors: The product enables users to access additional capital for investment and maintain their existing asset holdings.For Institutional Investors: HTX minimizes financing costs by offering a high LTV ratio and zero fees. It also provides customizable fund management solutions, helping enhance the operational efficiency of institutional investors.Looking ahead, HTX will remain committed to developing more innovative products that meet evolving market needs. With improved services and cutting-edge technology, the platform aims to help users grow their assets and inject fresh momentum into the global crypto market. Experience HTX’s Crypto Loans product with flexible and dynamic interest rates now and explore a new chapter in crypto finance.About HTXFounded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services.HTX’s growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins their commitment to providing quality services and values to virtual asset enthusiasts worldwide.Website: https://www.htx.com/ContactRuder Finn [email protected] article was originally published on Chainwire More