๐ USDT has significantly increased its dominance in the stablecoin market compared to 2022 (72% vs. 50%).
Additionally, the pace of minting new tokens matches the levels seen during the 2021 bull market. Since November, $13 billion has been minted, with a $3 billion increase just last week. ๐
Additionally, the pace of minting new tokens matches the levels seen during the 2021 bull market. Since November, $13 billion has been minted, with a $3 billion increase just last week. ๐
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๐ XRP Nears Previous Bull Market Highs!
XRP surged to $1.95, just shy of its last bull market peak of $1.9669 (Binance).
The rally is impressive:
โช๏ธ+13.5% in the past 24 hours.
โช๏ธ+262% over the past month!
While the all-time high remains above $3 from April 2018, XRP's current momentum shows its bullish spirit is alive and well. ๐ Will it break new records soon? ๐
XRP surged to $1.95, just shy of its last bull market peak of $1.9669 (Binance).
The rally is impressive:
โช๏ธ+13.5% in the past 24 hours.
โช๏ธ+262% over the past month!
While the all-time high remains above $3 from April 2018, XRP's current momentum shows its bullish spirit is alive and well. ๐ Will it break new records soon? ๐
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And once again about Bitcoin's complicated relationship with $100,000 ๐
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๐ XRPโs Phenomenal Surge: $2.5 Milestone!
XRP has skyrocketed, reaching nearly $2.5 on Binance, and overtaking Solana in market cap, solidifying its position in the crypto market. ๐ฐ
However, after last nightโs rally, XRP, alongside Bitcoin and the broader crypto market, is now undergoing a correction. ๐
XRP has skyrocketed, reaching nearly $2.5 on Binance, and overtaking Solana in market cap, solidifying its position in the crypto market. ๐ฐ
However, after last nightโs rally, XRP, alongside Bitcoin and the broader crypto market, is now undergoing a correction. ๐
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Bitcoin surged by 37% in November, while Ethereum outpaced it with an impressive 47% growth during the same period! ๐
๐ Both leading cryptos continue to show strong momentum as the market heats up. Will the trend carry into December? Stay tuned! ๐
๐ Both leading cryptos continue to show strong momentum as the market heats up. Will the trend carry into December? Stay tuned! ๐
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๐ซฃ Will Trump Bring Back CZ as Binance CEO?
๐ Rumors on Twitter suggest a potential pardon for CZ and his return as Binance's CEO.
CZ responded, saying heโs not planning to retake the CEO role but wouldnโt mind the pardon.
๐ฃ Would you want to see him back as CEO? Seems like one round was enough for him. ๐
๐ Rumors on Twitter suggest a potential pardon for CZ and his return as Binance's CEO.
CZ responded, saying heโs not planning to retake the CEO role but wouldnโt mind the pardon.
๐ฃ Would you want to see him back as CEO? Seems like one round was enough for him. ๐
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โฉ Airdrop in Japanese Style
๐ Metaplanet announced it will distribute Bitcoin worth 30 million yen among some of its shareholders as part of a reward program.
Now the real question is: how do we become shareholders? ๐๐ธ
๐ Metaplanet announced it will distribute Bitcoin worth 30 million yen among some of its shareholders as part of a reward program.
Now the real question is: how do we become shareholders? ๐๐ธ
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๐ Crypto Spot Trading Hits $2.7 Trillion in November!
In November 2024, spot trading volume on cryptocurrency exchanges reached $2.7 trillion, marking the highest level since May 2021.
๐ฅ Leading the pack was Binance, handling nearly $1 trillion, which accounted for 36% of the monthโs total volume.
The market is heating upโare you ready for whatโs next? ๐๐
In November 2024, spot trading volume on cryptocurrency exchanges reached $2.7 trillion, marking the highest level since May 2021.
๐ฅ Leading the pack was Binance, handling nearly $1 trillion, which accounted for 36% of the monthโs total volume.
The market is heating upโare you ready for whatโs next? ๐๐
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๐ธ Bitcoin Drops to $95K, Saylor Buys More!
While Bitcoin dipped to $95,000, Michael Saylor didnโt flinchโMicroStrategy snagged 15,400 BTC for ~$1.5B at an average price of ~$95,976 per coin.
๐ As of 02.12.2024, the company now holds 402,100 BTC worth ~$23.4B, with an average cost of ~$58,263 per BTC.
Saylorโs strategy? Keep stacking bitcoins no matter what! ๐
While Bitcoin dipped to $95,000, Michael Saylor didnโt flinchโMicroStrategy snagged 15,400 BTC for ~$1.5B at an average price of ~$95,976 per coin.
๐ As of 02.12.2024, the company now holds 402,100 BTC worth ~$23.4B, with an average cost of ~$58,263 per BTC.
Saylorโs strategy? Keep stacking bitcoins no matter what! ๐
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Crypto soothsayer
๐ฐ MARA Plans $700M Bond Issue to Buy More Bitcoin ๐จ The largest U.S. mining company, MARA (formerly Marathon Digital), is issuing $700M in bonds maturing in 2030, targeting institutional investors. Up to $200M will repurchase previous bonds, with the restโฆ
๐จ The largest mining company in the US, Marathon Digital (MARA), will issue bonds worth up to $805 M, part of which will be used to purchase BTC. ๐ฐ
As a reminder, in November, the total number of coins acquired by the company reached 6,474 BTC.
As a reminder, in November, the total number of coins acquired by the company reached 6,474 BTC.
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Crypto soothsayer
Bitcoin Weekend Drama and a Rare WBTC Opportunity ๐ฅ Bitcoin faced intense resistance at $100,000 over the weekend, with sellers eventually pushing the price below $96,000 on Sunday evening. However, BTC rebounded and is now trading around $98,000. ๐ โฆ
โ ๏ธ Another Binance Anomaly: STG Crash and Recovery
Earlier today, the STG/USDT pair on Binance experienced a sudden drop to $0.0525.
๐ However, the price quickly recovered and is now trading around $0.39 USDT.
A glitch, a whale, or just the usual market chaos? Stay cautious! ๐น
Earlier today, the STG/USDT pair on Binance experienced a sudden drop to $0.0525.
๐ However, the price quickly recovered and is now trading around $0.39 USDT.
A glitch, a whale, or just the usual market chaos? Stay cautious! ๐น
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Crypto soothsayer
๐ XRPโs Phenomenal Surge: $2.5 Milestone! XRP has skyrocketed, reaching nearly $2.5 on Binance, and overtaking Solana in market cap, solidifying its position in the crypto market. ๐ฐ However, after last nightโs rally, XRP, alongside Bitcoin and the broaderโฆ
๐ XRP Rockets Towards ATH!
The XRP engine keeps firing, and if this momentum holds for a day or two, thereโs a strong chance to break its 2018 ATH of $3.30.
๐ Over the weekend, Ripple whales snapped up 160M XRP worth $380M!
Will the bulls push it to new heights? Stay tuned! ๐๐
The XRP engine keeps firing, and if this momentum holds for a day or two, thereโs a strong chance to break its 2018 ATH of $3.30.
๐ Over the weekend, Ripple whales snapped up 160M XRP worth $380M!
Will the bulls push it to new heights? Stay tuned! ๐๐
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๐ฅ Stablecoins Losing Ground!
Yesterday, XRP pushed USDT down from the #3 spot in the crypto rankings, and today itโs Cardanoโs (ADA) turn to overtake USDC in market cap. ๐คท
๐ USDC now trails behind ADA as the stablecoin shuffle continues. Will this trend hold? ๐๐
Yesterday, XRP pushed USDT down from the #3 spot in the crypto rankings, and today itโs Cardanoโs (ADA) turn to overtake USDC in market cap. ๐คท
๐ USDC now trails behind ADA as the stablecoin shuffle continues. Will this trend hold? ๐๐
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๐ผ Did the US Just Sell 19,800 BTC?
๐บ๐ธ Last night, the US government transferred 19,800 BTC ($1.92B) from its wallet to a Coinbase Prime address, sparking FUD and a 3% BTC price drop (now ~$95,600).
Reactions:
๐ Jason Lowery (US Space Force officer) called it a massive strategic mistake:
Brian Armstrong, Coinbase CEO, agrees.
๐ง But not everyone is convinced:
Gabor Gurbacs, PointsVille Founder:
Sell-off or precautionary move? The debate continues! ๐๐ฐ
๐บ๐ธ Last night, the US government transferred 19,800 BTC ($1.92B) from its wallet to a Coinbase Prime address, sparking FUD and a 3% BTC price drop (now ~$95,600).
Reactions:
๐ Jason Lowery (US Space Force officer) called it a massive strategic mistake:
"This is a huge strategic mistake. There is no price where it makes sense for the US to sell any Bitcoin it has under its control. They have no idea what they own, and it shows."
Brian Armstrong, Coinbase CEO, agrees.
๐ง But not everyone is convinced:
Gabor Gurbacs, PointsVille Founder:
"It's not guaranteed they will sell. I haven't seen any official auction information yet"
Sell-off or precautionary move? The debate continues! ๐๐ฐ
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Ki Young Ju, CEO of CryptoQuant, believes this alt season will be tough and unpredictable due to a lack of fresh liquidity in the market. ๐ง
๐ก Key points:
โช๏ธBitcoin has built a "paper-based" Layer 2 ecosystem (ETFs, MSTR, funds), drawing liquidity away from altcoins.
โช๏ธAltcoins have two options:
1๏ธโฃ Create their own "paper-based" ecosystems.
2๏ธโฃ Develop real internet money infrastructure using stablecoins or BTC.
๐ Investor tip: Look for coins capable of achieving one of these paths and hold them long-term.
This season wonโt be easyโpick wisely! ๐๐
๐ก Key points:
โช๏ธBitcoin has built a "paper-based" Layer 2 ecosystem (ETFs, MSTR, funds), drawing liquidity away from altcoins.
โช๏ธAltcoins have two options:
1๏ธโฃ Create their own "paper-based" ecosystems.
2๏ธโฃ Develop real internet money infrastructure using stablecoins or BTC.
๐ Investor tip: Look for coins capable of achieving one of these paths and hold them long-term.
This season wonโt be easyโpick wisely! ๐๐
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Crypto soothsayer
Ki Young Ju, CEO of CryptoQuant, believes this alt season will be tough and unpredictable due to a lack of fresh liquidity in the market. ๐ง ๐ก Key points: โช๏ธBitcoin has built a "paper-based" Layer 2 ecosystem (ETFs, MSTR, funds), drawing liquidity away fromโฆ
โจ๏ธ CZ Teases Altseason?
Changpeng Zhao (CZ) shared a photo of the Alt key, hinting at the possible start of altseason.
๐ค But remember, as CryptoQuantโs CEO advised, choose your alts wiselyโfocus on those with real potential and long-term strategies. ๐๐ก
Changpeng Zhao (CZ) shared a photo of the Alt key, hinting at the possible start of altseason.
๐ค But remember, as CryptoQuantโs CEO advised, choose your alts wiselyโfocus on those with real potential and long-term strategies. ๐๐ก
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๐ Cardano Hits 134,464 TPS with Hydra!
Cardanoโs Layer 2 solution, Hydra, achieved a speed of 134,464 transactions per second during a test involving a Doom shooter deployment. ๐ฎ
๐ The achievement was verified by Cardanoโs creator, Charles Hoskinson, and the market responded with excitement:
๐ADA is up +17.5% in the last 24 hours and nearly +37% this week!
Cardano fans, itโs time to celebrateโboth tech and price are shooting up! ๐ฅ๐
Cardanoโs Layer 2 solution, Hydra, achieved a speed of 134,464 transactions per second during a test involving a Doom shooter deployment. ๐ฎ
๐ The achievement was verified by Cardanoโs creator, Charles Hoskinson, and the market responded with excitement:
๐ADA is up +17.5% in the last 24 hours and nearly +37% this week!
Cardano fans, itโs time to celebrateโboth tech and price are shooting up! ๐ฅ๐
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