š MARKET INSIGHT: The "Choppiness" index of #Bitcoin indicates that the $110K mark will be a major challenge. According to data from CryptoQuant on December 6th, behavior oscillating within a narrow range may continue to pose difficulties for the bulls. "The 14-day Choppiness index is in the early stage, indicating corrective moves during the accumulation phase," Percival shared on the Quicktake blog.
šØ CRYPTO NEWS HIGHLIGHTS ā ļø FSOC warns that stablecoins remain a āpotential riskā to global financial stability. š¤ Coffeezilla criticizes shocking headlines about memecoin Hawk Tuah, claiming they are "crazy and exaggerated". āļø Telegram founder Pavel Durov appears in court in Paris for the first time according to the latest report. š Ether aims for the $5,000 mark, while BlackRock's ETH ETF fund doubles its holdings, adding $500 million to buy ETH. š Bitcoin reaches $100,000: From the time of 10,000 BTC pizzas to now there is a national Bitcoin reserve. š Bitcoin continues to grow until the end of 2025, according to experts' assessments. š Bitcoin's 'Choppiness' index predicts that the $110,000 threshold will be a major challenge for BTC. šø Memecoin $PEPE surpasses Uniswap ($UNI) in market capitalization, reaching an all-time high.
šØ CRYPTO NEWS HIGHLIGHTS š° Bitcoin Dominance: ⢠š„ Bitcoin's market capitalization reaches nearly 2 trillion USD, surpassing Mastercard and Visa combined. ⢠BlackRock's $IBIT fund buys an additional 253.2 million USD in Bitcoin on December 6, increasing the total cash flow this week to 2.6 billion USD. š¼ š Notable Developments: ⢠š $BTC surpasses 100,000 USD, creating an optimistic sentiment in the market. ⢠š $ETH rises above 4,000 USD and surpasses Mastercard in market capitalization. š Developments & Innovations: ⢠š Over 400 million active wallets, demonstrating strong growth. ⢠šµ Tether issues an additional 2 billion USDT, adding liquidity to the market. āļø Legal Issues: ⢠š£ David Sacks, crypto advisor to Trump, calls for an investigation into the Choke Point 2.0 Campaign due to its negative impact on the industry. š¤ Major Figures in Crypto: ⢠š¦ Donald Trump owns nearly 7.5 million USD in crypto assets. ⢠š£ļø Ripple CEO, Brad Garlinghouse, appears on the 60 Minutes program.
š„ Marathon Digital Acquires an Additional 1,300 BTC The Bitcoin mining company Marathon Digital (MARA) has just spent 130 million USD to acquire an additional 1,300 BTC, just 7 hours ago, at an average purchase price of 100,000 USD/BTC. š Dual Strategy: Marathon is both mining and buying to increase its Bitcoin holdings. Currently, MARA owns a total of 36,259 BTC, maintaining its position as the TOP 2 company with the largest Bitcoin holdings, just behind MicroStrategy.
Elon Musk calls OpenAI and Sam Altman a āscamā as information emerges that OpenAI has removed the non-profit model to grant shares to Sam Altman. This raises many concerns: ⢠OpenAI: From non-profit now focusing on personal interests? ⢠$WLD (Worldcoin): Will it be affected by public opinion waves? What will the future of OpenAI and the surrounding ecosystem look like? Investors need to closely monitor this move! šØ
š„ LATEST NEWS: BlackRock continues to make a significant mark with its Bitcoin spot ETF, $IBIT, by purchasing an additional $253.2 million in Bitcoin on December 6. As of this point in the week, the total inflow into the $IBIT fund has reached $2.6 billion. This is clear evidence of strong interest from institutional investors in Bitcoin, especially as the market shows strong signs of recovery. Bitcoin is increasingly asserting its role as a strategic asset in the portfolios of major funds.
š Altcoin Market Update š Altcoin Season Index ⢠The Altcoin Season Index has reached 90, higher than at any point in March this year, indicating a strong inflow of capital into altcoins. š¹ Funding Rate and Project APR ⢠The altcoin funding rate has entered the golden zone, with several projects offering APR > 100% such as ONDO, TIA, HBAR, PEPE, but the increase is not as strong as in March. šµ Positive Cash Flow ⢠The net cash inflow in recent days remains positive, providing momentum for continued price increases for altcoins. Total 3 (altcoin market cap) has reached a new ATH. š Market Continues to Rise ⢠The market is still in a rising phase, with no clear signs of reversal. However, the indicators are hot, and investors need to consider profit preservation and manage risks closely. ⨠Safe strategy: Take advantage of opportunities but don't forget to lock in profits!
šØ CRYPTO NEWS HIGHLIGHTS š Bitcoin hits a new ATH š„ Bitcoin reaches $100,000, marking a historic milestone with a market cap exceeding $2 trillion. ⢠š° BlackRock ETF: Acquired an additional $570.7M in Bitcoin on December 4, with total inflows over $1.6B in the past 3 days. ⢠š¦ Mt. Gox: Moved $2.43B in Bitcoin to a new wallet, raising concerns about the ability to repay creditors. š Insights from the market ⢠šŖ Fedās Powell: Emphasizes that Bitcoin is a competitor to gold, not the USD. ⢠šCryptoQuant: BTC inflows to exchanges increase, posing a risk of a sell-off in the near future. ⢠š Altseason: Altcoin funding rates reach the highest level in the past 9 months, indicating positive signs. š Web3 and blockchain solutions ⢠āļø Polkadot: Proposes a decentralized computing solution to address high fees and poor user experience. š° Other notable news ⢠š Trump: Nominates Paul Atkins to replace Gary Gensler as SEC Chairman. ⢠š¼ Hester Peirce: Strongly supports this nomination, stating that Atkins is suitable to lead the SEC. ⢠š· Ethereum: Price target of $7,000 as Altseason continues to thrive. ⢠š Dogecoin: Technical analysis suggests the potential to reach $1 in the near future. š Regional developments ⢠šŖ Missouri: Proposes a law banning CBDCs, recognizing gold and silver as legal tender.
š° Stablecoin cash flow in the last 24h: š¹ +120M USD from exchanges #Binance and #Bybit. š¹ #Tether disbursed nearly 300M USD to Kraken and Cumberland. š¹ 600M USDC remains unchanged on OKX, no net withdrawals yet. ā”ļø Strong cash flow increase helps altcoins rise 10-15% compared to yesterday. š$BTC
š„ Grayscale files application to convert Solana Trust into ETF ā Good news: Grayscale is moving towards launching a Solana ETF. ā Bad news: Grayscale wants a Solana ETF. If approved, Grayscale will proceed to sell off just like they did with Bitcoin and Ethereum ETFs. This could create downward pressure in the short term. However, in the long run, this is a positive signal as Solana has the opportunity to reach more institutional investors. Grayscale reveals that the Solana Trust is currently managing 134.2 million USD in assets, accounting for about 0.1% of the circulating SOL supply. š What is your opinion on this move by Grayscale? $SOL
šØ CRYPTO NEWS HIGHLIGHTS ā”ļø Safe launches Safenet: Aiming for a Visa-like payment network for crypto, facilitating quick transactions without the need to wait for mining. š Bitcoin Analysis: Whales are still 'waiting and watching' as BTC price holds at 96K. While there is no immediate selling pressure, the increasing flow of BTC into exchanges could be a risk sign for a potential sell-off in the future. š¦šŗ ASIC gathers feedback on crypto guidelines: The Australian Securities and Investments Commission launches a draft update, with community responses eagerly awaited. š„ Canadaās Bitcoin Well: The exchange adopts a Bitcoin treasury strategy, purchasing an additional 7.53 BTC and plans to raise 2 million USD for further purchases. šØ Roger Ver's legal battle: His legal team files a motion to dismiss the tax lawsuit in the U.S., arguing constitutional violations. ā”ļø Bitcoin price poised to hit 100K?: BTC is accumulating, and many bullish factors indicate a breakout possibility in the near future. š $LINK up 29%: The community praises LINK as the 'true bank coin.' šŖ XRP Ledger reduces reserve requirements by 90%: Supporting the creation of new wallets with smaller balances. āļø Coinbase CEO stands firm: States they will not work with law firms hiring personnel opposed to crypto from the SEC. š¦ BlackRock holds 500K BTC: Valued at over 48 billion USD, leading in Bitcoin ETFs. š Grayscale files for Solana ETF: Continuing to expand its investment product portfolio. āļø BTC/KRW pair drops 30%: Due to South Korea declaring martial law.
Quick update $BTC H4 has finished testing at EMA 89 and has pulled up, this is also the fibo 0.5 if the H4 candle closes at 11 PM with a higher low than the price of 94k8, then it is very likely to complete the H4 correction, a healthy correction and will return waves back to the market.
šØ South Korea: Upbit and Bithumb overloaded as people rush in Brothers from North and South Korea seem to be ready to ādevourā each other!!! $BTC