Bitcoin briefly fell below $95,000

Coincidence or indication? After a large-scale transfer of BTC by US institutions, Bitcoin plunged to $96,133 this morning! Although it briefly rebounded to $95,501, it still fell by 2.32% in the last 24 hours!

Currently, Bitcoin is challenging the $95k support level, and whether it can hold this will determine if it can break through the six-figure mark! If it fails, the $90,000 level may become the next test.

The candlestick chart shows: the 1-hour, 4-hour, and 12-hour indicators all signal downward movement, with the daily line showing weak sideways action. Key resistance level for the day is $98,100, and support level is $93,300!

XRP surges 5 times in a month

XRP's fivefold increase over the month is clearly the result of manipulation by large traders, not a normal market phenomenon. Looking at the bigger picture, on November 6, XRP was $0.5 each and by December 3 it reached $2.7.

Ripple (XRP) experienced explosive growth in 2024, skyrocketing from $0.5 to $2.7, with a market cap that once surpassed $239.2 billion!

Behind this surge, the key developments in the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) undoubtedly played a significant role, while also benefiting from the FOMO sentiment in the crypto market and Ripple's significant breakthroughs in cross-border payments.

The surge of XRP is not only a reflection of market sentiment but is also closely linked to major opportunities in technological innovation and regulatory changes.

Currently, with XRP's strong rebound, some altcoins are also seeing gains, and moderate adjustments are a normal phenomenon.

But don’t be scared by slight pullbacks — this is precisely the preparation phase before a bull market arrives, and a real bull market is already brewing! Appropriate pullbacks actually provide better entry opportunities for retail investors like us, with limitless opportunities ahead!