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?

How to Track Your Crypto Investments: Tools and Apps 🔍

Keeping track of your crypto investments is essential. Here are some free tools to help you monitor your portfolio and wallets effectively 👇

Investment Trackers:

📊 AssetDash. This app lets you track your crypto investments and also allows you to track what memecoin whales are buying and selling in real-time.

📊 Delta Investment Tracker. This app offers detailed analytics for your stocks, crypto and NFTs investments.

If you actively use DeFi and hold crypto on a decentralized wallet, then you need platforms to track your holdings, transaction history, active positions, etc.

Wallet Trackers:

✨ DeBank: Ideal for Ethereum and other EVM-compatible networks.

🔳 CoinStats: If you're using Solana, CoinStats is for you, because DeBank doesn't support Solana wallets.

#FAQ

✅ The week is coming to an end and it seems that the market is gradually decreasing. Bitcoin is trading between $96k and $95k, while AI-related altcoins are pumping 🔼

Daily Digest:

🔸 The Trump team has interviewed former SEC Commissioner Paul Atkins as a candidate for the SEC chairman

🔸 Hong Kong proposed tax breaks to attract crypto hedge funds, investors 🇭🇰

🔸 Tether is dropping support for its euro-pegged stablecoin EURt, asking users to redeem holdings within one year

🔸 XT .com crypto exchange, has suspended withdrawals after a suspected $1.7 million hack

🔸 US government debt is on track to surpass $50 trillion by 2033, Bank of America said

🔸 Swiss canton of Bern votes to study Bitcoin mining feasibility 🇨🇭

🔸 former Ethereum co-founder Jeffrey Wilcke transferred 20,000 ETH ($71.5 million) to Kraken

🔹 Prices:

🥇 Bitcoin - $95,365 (↓0.9%)
✨ Ethereum - $3,592 (↓2.0%)
🧪 S&P 500 - 5,998 (↓0.38%)
🕗 DXY - 106.17 (↑0.08%)
🌉 Gold - 2,637 (↑0.05%)

In case you were wondering: Yes, Jim Cramer (known for his extremely bad predictions) said "All I can tell you is own Bitcoin, that's a winner" when we were at $99k 🥲