Oops! Bitcoin dropped by 4.41% today 🔽

Bitcoin dominance is now at 58.8%, down by 4.8% from the local high of 61.5% 📉

Remember, even in a bull market there will be dips, they are meant to be bought

It didn't take long 😅

PumpFun, the Solana meme coin launchpad platform, has removed live-streaming feature from its platform 🛠

This comes after a wave of criticism from the community in response to the large amount of outright vulgarity that was taking place on the streams 🔞

✅ Bitcoin price falls as market cap dominates, Ethereum meanwhile shows relative strength as BTC falls below $95k and ETH rises above 3,500 📉📈

Daily Digest:

🔸 Huobi's L1 blockchain HECO Network will shut down on January 15, 2025

🔸 Investments in digital assets soared to a record-breaking $3.13 billion in just one week

🔸 Justin Sun's Tron buys $30 million of Trump-backed World Liberty Financial tokens 🛒

🔸 PumpFun, the Solana meme coin launchpad platform, has removed the live-streaming feature from its platform

🔸 $100 billion asset manager Wisdom Tree registers for spot XRP ETF

🔸 MicroStrategy bought 55,000 more bitcoins worth approximately $5.4 billion 🐳

🔸 Cantor Fitzgerald acquired a 5% stake in Tether for up to $600m

🔹 Prices:

🥇 Bitcoin - $93,753 (↓2.3%)
✨ Ethereum - $3,489 (↑4.3%)
🧪 S&P 500 - 5,987 (↑0.30%)
🕗 DXY - 106.89 (↓0.62%)
🌉 Gold - 2,626 (↑3.15%)

This legendary fumble by the German government this summer will go down in history. Truly noodle hands 😆

Good morning! The day starts with another drawdown after many weeks of uninterrupted growth 🔽

One major coin is showing an unusual resilience, have you noticed which one? 🤑

Changpeng Zhao, the former CEO of Binance, may be signaling that the meme coins meta is coming to an end 👀

It may be worth looking at solid fundamental projects ⚙️

In the last 24 hours, $579 million in long positions have been wiped out of the market 😱

Approximately 226,000 traders have been liquidated.

$180 million of that volume is Bitcoin long positions 🤑

$96 million attributed to Ethereum 🤑

For the past decade, the mainstream media has all labeled Bitcoin as a bubble 🫧

Now they are debating whether Bitcoin will reach a price of $13 million or $49 million 🫧

✅ The correction continues, the price of Bitcoin reached $90,700 today, but not all coins fell hard, some even rose. Now is the time to buy the coins that performed well during this dump 👀

Daily Digest:

🔸 President-elect Trump administration considers CFTC not SEC to lead digital asset regulation

🔸 US court rules sanctions placed against Tornado Cash crypto mixer were unlawful 🌪

🔸 Bill to establish strategic Bitcoin reserve officially introduced in Brazil's Chamber of Deputies

🔸 Bitwise filed S-1 registration for ETF tied to Bitcoin and Ether

🔸 The U.K. Financial Conduct Authority said it wants to implement a crypto regime by 2026.

🔸 Meme coins are “getting a little weird now,” former Binance CEO Changpeng “CZ” Zhao said on X 🕐

🔸 Morocco preparing a law to allow crypto, central bank chief says

🔹 Prices:

🥇 Bitcoin - $91,944 (↓2.0%)
✨ Ethereum - $3,314 (↓3.4%)
🧪 S&P 500 - 6,021 (↑0.57%)
🕗 DXY - 106.83 (↓0.17%)
🌉 Gold - 2,628 (↑0.18%)

That's just how it is 😁

Tornado Cash mixer token $TORN surges 1,050% in just one day 🔼

This followed the news that the U.S. Court of Appeals ruled that OFAC exceeded its authority when it imposed sanctions on the Tornado Cash ⚖️

This trader sold his $CHILLGUY meme coins for $231 😭

If he were to hold them until today, his holdings would be worth $20.5 million 😨

BTC is back above $95k, currently trading at $95,850 🤑

We are currently seeing a fractal similar to the one when BTC started pumping in February 2024 🔍

If this price action pattern repeats - we will reach $120k very soon

🤔 What to buy?

Current market conditions indicate a possible transition to a stage where capital flows from Bitcoin to Ethereum and altcoins.

Bitcoin's dominance in this scenario will fall and fuel the altcoin bull run 🚀

Right now, we can observe how ETH outerforms BTC: Ethereum is up 14.6% in the last 7 days, while BTC is only up 0.9%

The growth leaders among altcoins right now are fundamental projects built on Ethereum and its L2 blockchains. If you don't know which coins to buy and think the current meta will continue, it might be worth looking at tokens like these 👇

• $EIGEN — EigenLayer

• $UNI — Uniswap DEX

• $AAVE — Aave lending market

• $LQTY — LiquityProtocol

• $ETHFI, $REZ — ETH LRT protocols

• $PENDLE — Pendle Finance

Ethereum is trading above $3,600 for the first time since July 🎉

Are you holding ETH?

✅ After a correction to $90k, the crypto market is actively recovering, with Bitcoin reaching over $96,500 and Ethereum and related projects leading the growth 📈

Daily Digest:

🔸 OpenAI gets new $1.5 billion investment from SoftBank

🔸 Ripple has said it'll invest in a newly-rebranded Bitwise Physical XRP ETP 🥏

🔸 NFTs recorded a weekly sales volume of $158 million, showing a strong weekly performance compared to recent months

🔸 After almost 14 months of deadly bombings, a ceasefire was negotiated between Israel and Lebanon

🔸 Elon Musk says the IRS will be audited by the Department of Government Efficiency

🔸 Vancouver Mayor proposes motion for the city to adopt Bitcoin as a reserve asset 🇨🇦

🔸 US Senator Ted Cruz wants Texas to be a hub for Bitcoin and crypto

🔹 Prices:

🥇 Bitcoin - $96,429 (↑5.2%)
✨ Ethereum - $3,633 (↑9.4%)
🧪 S&P 500 - 5,998 (↓0.38%)
🕗 DXY - 106.07 (↓0.88%)
🌉 Gold - 2,635 (↑0.10%)

Join our chat 🗯

The focus has changed 😅

As families across the United States celebrate Thanksgiving today, they may not have noticed, but the price of food has gone up significantly 📈

According to statistics from the American Farm Bureau Federation, the price of food used for traditional meals has increased 18.9% since the beginning of the Covid pandemic 📊

🇨🇳 Good news from China: Hong Kong has proposed tax exemptions on crypto profits for hedge funds, private equity and family investment funds

That's very good news. It seems the climate for crypto is warming not only in the US, but also in the world's second economy 🐂

Every crypto cycle we have had a 👀

🤑 BTC run (when Bitcoin attracts all the liquidity while altcoins underperform)

🤑 ETH run (when Ethereum and its DeFi tokens outperform everything)

🤑 Altcoin season (when all kinds of altcoins are pumping while BTC and ETH go sideways)

Where do you think we are in this scheme?