Charith Madusanka

BlackRock’s $ETH ETF’s holdings exceed $3.5 billion
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BlackRock officially updated the Ethereum ETF holdings data. As of December 11, the iShares Ethereum Trust ETF's Ethereum holdings reached 929,056.1186 $ETH , and the market value of its holdings exceeded US$3.5 billion.

#ETHETFsApproved

Rise of $XRP
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XRP has experienced a significant rise recently, attributed to key developments such as heightened whale activity, growing institutional interest, and optimism about potential approval of an XRP Spot ETF. These factors have contributed to its strong upward momentum, with analysts predicting potential for further gains. Additionally, Ripple's advancements in cross-border payment solutions and legal clarity following its SEC case have strengthened investor confidence.
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Experts are cautiously optimistic about XRP's short-term prospects, expecting it to remain bullish as long as market conditions support sustained adoption and technological advancements.
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#RiseofAltCoins #XRPGoal

You can only drop 1 of these from this portfolio, what you dropping and what you replacing it with?
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$PEPE , $SOL , $ADA
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I read you 👇

Forecast for December 11, 2024
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Expect the market to remain steady tomorrow with a potential uptick in altcoin activity as investor focus shifts towards smaller-cap tokens. $BTC might continue consolidating unless significant news impacts sentiment. Watch for announcements from major exchanges or updates on pending regulatory developments, which could influence market dynamics.
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Investors are advised to monitor trends closely and consider gradual portfolio diversification to mitigate risks while seizing opportunities. The anticipation of events like Bitcoin halving and strategic moves by key players suggests a robust trajectory for the market as it transitions into 2025​.
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#altsesaon #CryptoForescast

Today, the cryptocurrency market displayed resilience with moderate price movements. Bitcoin maintained stability around the $40,000 mark, showcasing reduced volatility compared to previous weeks. Altcoins like $SOL and $XRP demonstrated strong gains, reflecting ongoing interest in layer-1 solutions and regulatory clarity in some regions. Market sentiment remained cautiously optimistic, driven by a combination of upcoming technological upgrades and institutional interest in ETFs.
The market cap for altcoins increased, suggesting that traders are diversifying beyond $BTC . The rise in trading volumes, particularly in Ethereum and DeFi projects, underscores renewed activity as the year-end approaches. Gas fees, although slightly elevated, are manageable, supporting consistent network use.

Predictions for December 5.
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Looking ahead, the market is expected to remain influenced by macroeconomic factors such as Federal Reserve monetary policy and global regulatory developments. $BTC may attempt a breakout from its consolidation phase, potentially driving broader market momentum. Altcoins are likely to retain strength if Bitcoin shows stability, continuing the ongoing "altcoin season."
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$BNB could benefit further from bullish sentiment tied to Binance's regulatory progress and increasing utility across its ecosystem. Overall, traders are advised to monitor key support and resistance levels while keeping an eye on news related to DeFi adoption and institutional investment flows.

#BTC☀ #altsesaon

Market Overview
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Today's cryptocurrency market exhibited moderate movement, with $BTC consolidating just below key resistance levels. Altcoins demonstrated strength, signaling ongoing investor interest in diversifying portfolios beyond Bitcoin and $ETH . Factors driving today's performance include anticipation surrounding the upcoming Bitcoin halving event and increased activity in decentralized finance (DeFi) protocols, which are mitigating high gas fees with innovative solutions. Additionally, meme coins saw a slight uptick, reflecting sustained trader engagement.
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For Binance Coin $BNB , market sentiment remained cautiously optimistic. BNB experienced slight gains fueled by confidence in Binance's continued global compliance improvements, which could strengthen its ecosystem's legitimacy.

The ongoing altcoin season, also known as "#altseason ," marks a period of significant price rallies among cryptocurrencies other than @Bitcoin . This shift is driven by declining Bitcoin dominance, which has fallen below critical levels (currently around 56.1%), signaling that capital is moving toward altcoins. Notably, Layer 1 altcoins like $XRP , $ADA , and $SOL have seen sharp gains recently, fueled by increased investor interest and expectations of a pro-crypto regulatory environment following the U.S. elections.
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Market indicators, such as a surge in the TOTAL3 market cap (excluding @Bitcoin and @Ethereum ), which rose by 35% this month, further confirm the trend. The overall crypto market has seen a spike in spot trading volumes for altcoins, highlighting growing demand. Analysts predict that as Bitcoin's dominance continues to consolidate, altcoins may experience further upward momentum into early 2025, driven by improved sentiment and possible regulatory developments.
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#AltseasonRevolution

Today, $BTC is consolidating around $95,000, following a significant rally in November where it gained over $26,000, marking one of its best months. Despite minor pullbacks, $BTC  remains above key support levels like $94,500 and is trading near its 20-day simple moving average. Technical indicators suggest oversold conditions, potentially signaling a short-term bounce if buyers return to the market​.
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Looking forward to tomorrow, $BTC  might continue this consolidation phase, with resistance at $96,500 and a psychological barrier at $100,000. Historical trends indicate that $BTC  often dips at the start of the month, followed by stronger rebounds. If this pattern holds, a parabolic movement could begin later in the month, supported by institutional interest, Federal Reserve policies, and positive crypto market dynamics​.
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Traders should watch key resistance and support levels while being cautious about overbought signals indicated by the Fear and Greed Index​.

#bitcoin☀️

Today, Binance Coin ($BNB ) has experienced a stable market movement, with its price reflecting minor fluctuations. The token, integral to the Binance ecosystem, is currently priced around $670 and has shown resilience despite broader market volatility. Its trading volume in the last 24 hours stood at approximately $2.88 billion, indicating healthy activity among traders. Key drivers for $BNB ’s performance include its use as a gas token for Binance Smart Chain transactions and ongoing coin burns, which reduce its circulating supply and support its long-term value growth​.
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For tomorrow, $BNB 's trajectory will likely depend on market sentiment, broader cryptocurrency trends, and developments within the Binance ecosystem. If Bitcoin and Ethereum maintain positive momentum, BNB could benefit from increased investor confidence. However, any regulatory updates or shifts in global markets might introduce uncertainty. Traders are advised to monitor these factors closely while considering BNB’s strong utility and economic model as supportive fundamentals​.