We are so back! BTC is up 8.8% from local lows and reaches $98k again 🤑

Will we get to $100,000 this time around?

Yes — 👍

No — 🫡

It couldn’t get any crazier but it did 🍌

After buying the 'duct-taped banana' art on Sotheby’s for $6.2M, Justin Sun, the founder of Tron network $TRX, decided to eat it 😊

Bitcoin is now more valuable than the Canadian Dollar 🤑🇨🇦

✅ Bitcoin climbs back to $98k despite spot ETH ETFs seeing about $225 million in net inflows over four recent trading days, which was $190 million more than the spot Bitcoin ETFs 📊

Daily Digest:

🔸 New York regulator set to approve Ripple’s RLUSD stablecoin

🔸 HyperLiquid has finally launched its token $HYPE, it became the biggest airdrop in crypto history on the first day of trading

🔸 Justin Sun ate the banana he bought for $6.2 million 🍌

🔸 ETH to $4K before Trump inauguration per Finance Redefined

🔸 XRP flips BNB by market capitalization after 18% pump

🔸 Switzerland’s Canton of Bern parliament has approved a motion to explore Bitcoin mining as a way to utilize surplus energy 🇨🇭

🔸 The official Ripple channel has been removed from YouTube

🔹 Prices:

🥇 Bitcoin - $96,997 (↑1.5%)
✨ Ethereum - $3,587 (↑0.7%)
🧪 S&P 500 - 6,032 (↑0.56%)
🕗 DXY - 105.78 (↓0.34%)
🌉 Gold - 2,650 (↑0.48%)

Imagine taking last place just to forget that you have 25 BTC 😅

JUST IN: Ethereum breaks above $3,700 while BTC dominance goes down 👀

If we look at Bitcoin's High time frame chart, we can see that the largest liquidations will occur if we go up from here 🔍

When the price reaches $99,400, over $500 million of cumulative leveraged short positions will be liquidated, helping to prime the pump above $100,000 🚀

November is over, December is here ❄️

Historically, this month has been as bullish as the previous two in US presidential election years ↗️

If this trend continues, we can expect to see a new ATH and finally break through the $100,000 resistance level 🥇

Some HTF $ETH chart technical analysis 👇

Since the last bull market the price has formed an ascending triangle pattern, a bullish continuation setup 📈

Since the summer there have been a number of higher lows, indicating that there is sustained buying pressure pushing the price closer to the key breakout zone.

⤵️ $4,000 is the key resistance level that has been tested multiple times and coincides with the top of the ascending triangle

Recently, spot ETH ETFs have seen some good net inflows, even surpassing spot BTC ETFs weekly inflows for the first time since their launch 📊

If this trend continues we will see a breakout above $4k where ETH will be set to reach $6k or even $10k in 2025 🤑

✅ In November Bitcoin has nailed something never seen before — $26,400 price upside in a single monthly candle. But BTC dominance is going down, ETH and altcoins are starting to catch up 🧪

🤑 This week spot Ethereum ETFs saw a record $333m in inflows even outpacing spot BTC ETFs

🤑 XRP is up 53.7% this week jumping above the $2 mark for the first time in almost seven years and flipping Solana by market cap

Weekly news digest:

💎 Crypto

🔸 Meme coins are “getting a little weird now,” former Binance CEO Changpeng “CZ” Zhao said on X
 
🔸 HyperLiquid has launched its token $HYPE, it became the biggest airdrop in crypto history on the first day of trading 

🔸 Cantor Fitzgerald acquired a 5% stake in Tether for up to $600m 🛒
 
🔸 Tether is dropping support for its euro-pegged stablecoin EURt, asking users to redeem holdings within one year

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

💰 Crypto Exchanges

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

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

🔸 $100 billion asset manager Wisdom Tree registers for spot XRP ETF
 
💵 Finances and Economy

🔸 Hong Kong proposed tax breaks to attract crypto hedge funds, investors
 
🔸 US government debt is on track to surpass $50 trillion by 2033, Bank of America said

🔸 OpenAI gets new $1.5 billion investment from SoftBank 🤖
 
🔸 US Senator Ted Cruz wants Texas to be a hub for Bitcoin and crypto

⚖️ Law and Order

🔸 New York regulator set to approve Ripple’s RLUSD stablecoin
 
🔸 President-elect Trump administration considers CFTC not SEC to lead digital asset regulation

🔸 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

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

🙊 Personalities

🔸 Justin Sun ate the banana he bought for $6.2 million
 
🔸 Elon Musk says the IRS will be audited by the Department of Government Efficiency

🚀 Best performers of the week:

VIRTUAL - $1.45 (↑166.2%)
ALGO - $0.493 (↑80%)
THETA - $2.88 (↑60.1%)

$XRP is unstoppable 🤑

Another 27% pump puts XRP in third place in terms of market capitalization 🔼

We are now at a point where Bitcoin's dominance is rapidly waning and altcoins are having the best of times 🕯

Which altcoins do you think are worth holding during the altcoin market?

Top 7 token unlocks for this week 🔐

The total value of tokens unlocked this week will exceed $812 million. JTO - the token with the largest unlock is down 8.9% in the last 24 hours, perhaps holders are de-risking in anticipation of a dump? 👇

• Jito Labs (JTO) — $483.18M
• Sui (SUI) — $272.02M
• Neon Labs (NEON) — $25.08M
• TARS AI (TAI) — $10.48M
• Crypto Farmers (FARM) — $7.98M
• Sleepless AI (AI) — $7.91M
• Neutron (NTRN) — $5.65M

#unlocks

Enron, known for one of the largest corporate scandals in U.S. history involving financial fraud and manipulated accounting, announced that it is entering crypto and will one day launch its token 😱

The company immediately faced hate from the crypto community, not a good start 🤣

✅ BTC and ETH consolidation continues, while many old altcoins from past bull cycles are up big today 🚀

Daily Digest:

🔸 WisdomTree files with SEC for spot XRP ETF

🔸 Enron announced that it is entering crypto and will one day launch its token 😐

🔸 MicroStrategy bought 15,4k more bitcoins with an average price of $95,976

🔸 MARA proposes a $700 million convertible senior note offering to buy more BTC

🔸 Nike-owned NFT collection RTFKT is winding down ⚰️

🔸 US government moved $1.9 billion worth of Bitcoin seized from the Silk Road marketplace to a Coinbase

🔸 Approximately 14.8M BTC are considered "illiquid", which is 75% of the circulating supply - new ATH

🔹 Prices:

🥇 Bitcoin - $95,899 (↓1.7%)
✨ Ethereum - $2,881 (↓1.8%)
🧪 S&P 500 - 6,047 (↑0.24%)
🕗 DXY - 106.43 (↓0.02%)
🌉 Gold - 2,644 (↑0.21%)

Join our chat 💬

Remember when Joe Biden said 'no one is above the law'?

Well, it looks like his son is 😐

U.S. President Joe Biden pardoned his son Hunter Biden for everything he did between 2014 through 2024.

The pattern of disinformation from the mainstream media goes like this 🔍

1. He's not guilty of anything, and anyone who says otherwise is a conspiracy theorist.

2. Well, yes he did something, but it was a long time ago and doesn't matter.

3. The president pardoned his son for his crimes, deal with it.

Binance founder CZ hints with cryptic tweet that we've entered the altcoin season 👀

Covid-19 is a man-made virus that has leaked from the US-funded lab in Wuhan, China 🦠

The House Oversight and Accountability Committee's COVID-19 panel released its final report, in which what was once called a conspiracy theory is now cited as the most likely cause of a pandemic ❗️

"A future pandemic requires a whole of America response managed by those without personal benefit or bias" — committee Chair Brad wrote 😨

South Korean President Yoon Suk Yeol has declared martial law 🔫

Previously, the opposition in the National Assembly accused the president of preparing to use martial law to avoid impeachment for alleged abuse of power 😨

Since May 2022, Yoon has clashed with the opposition, frequently vetoing bills targeting corruption and abuse of power investigations involving him and his wife 🔍

BTC went down by 1.2% after this news 🥇