According to CoinDesk, the emotional nature of human behavior is particularly evident in cryptocurrency markets, where round numbers hold significant psychological weight. This phenomenon often leads to panic-selling when price gains stall near these numbers, especially those ending in several zeros. Traders sometimes anticipate this behavior, arranging order books to create a self-fulfilling prophecy. Bitcoin, for instance, has recently encountered resistance at the $100,000 mark, a psychological sell wall. Previous analyses have attributed this to profit-taking, capitulation from short-term holders, and insufficient demand to push bitcoin higher. Understanding whether this is a recurring pattern could be beneficial for market participants. Historical data from Glassnode reveals that breaking through psychological barriers often requires multiple attempts. The analysis examined trading patterns when bitcoin's price approached within 2% of $10,000 increments. Bitcoin first surpassed this level in December 2017, but after the subsequent market downturn, it took until 2020 to reclaim the $10,000 mark, closing within 2% of this barrier 21 times before breaking through. This period was one of bitcoin's longest within a specific price range. Each subsequent $10,000 increment saw bitcoin closing within 2% between 15 and 30 times before surpassing the level, a pattern that persisted up to $70,000. However, this trend shifted following President-elect Donald Trump's victory in November, when bitcoin quickly surged past $80,000 and tested $90,000 only three times before overcoming the barrier. Now, the $100,000 level remains uncharted territory. Bitcoin has already closed twice within 2% of this mark on November 21 and November 22. The question remains whether bitcoin will revert to the long-term pattern of approximately 20 attempts or if it will break through on the third try.

If XRP can't hold onto its gains, it could provide even more disappointment to South Koreans still stinging from LUNA’s 2022 collapse. The post XRP craze in South Korea reminds traders of LUNA meltdown appeared first on Protos. source: https://protos.com/xrp-craze-in-south-korea-reminds-traders-of-luna-meltdown/

The post Crypto News Today (Dec 3, 2024): Bitcoin Drops to $94k, XRP Targets $3? appeared first on Coinpedia Fintech News The crypto industry has had a relatively tough day today, as the optimism amongst market players has been losing steam. This has been evident with the Fear & Greed Index, which has dropped from an extreme greed score of 81 during early Asian trading hours to a current... source: https://coinpedia.org/news/crypto-news-today-dec-3-2024-bitcoin-drops-to-94k-xrp-targets-3/

As XRP soars 88% in seven days, Ripple ecosystem meme coins are experiencing explosive growth, drawing traders from across major blockchains. source: https://cryptopotato.com/ripple-meme-coins-witness-unprecedented-growth-on-the-back-of-xrp-surge/

资本顾问 Jeff Walton 分析指出，比特币的价格需要跌至 18,826 美元，MicroStrategy 的资产价值才会低于其负债，这意味着 MicroStrategy 这家商业智能公司可以在 BTC 价格暴跌 80%的情况下生存下来。（Cointelegraph）

According to Cointelegraph, new research by capital adviser Jeff Walton suggests that MicroStrategy could withstand a significant drop in Bitcoin's value without severe financial repercussions. The business intelligence firm, led by CEO Michael Saylor, has heavily invested in Bitcoin, with its exposure reaching unprecedented levels. Despite Bitcoin's price volatility, Walton's analysis indicates that MicroStrategy would only face financial strain if Bitcoin's price fell to $18,000. Walton's research, shared on social media, calculates that Bitcoin would need to experience an 80% price decline from its current value for MicroStrategy's assets to fall below its liabilities. This scenario, while severe, is not unprecedented, as Bitcoin has previously seen similar retracements, such as the drop from $69,000 to $15,600 between November 2021 and November 2022. Walton argues that the criticism of corporate Bitcoin adoption lacks substance, noting that as Bitcoin's price increases, the financial leverage decreases rapidly. Charles Edwards, founder of Capriole Investments, also expressed optimism about the growing trend of institutional Bitcoin investment. He highlighted that MicroStrategy is just one of many players in this arena, with other companies like MARA significantly increasing their Bitcoin holdings. Edwards emphasized the substantial institutional demand for Bitcoin, noting that 13.5% of all Bitcoin is now held by institutions and ETFs. He believes that the current Bitcoin bull run is only beginning, with widespread market enthusiasm expected to surge once Bitcoin surpasses the $100,000 mark. This article does not provide investment advice or recommendations. Readers should conduct their own research before making any investment decisions, as all trading involves risk.

DOGE is currently the seventh-largest cryptocurrency. source: https://cryptopotato.com/dogecoin-price-stalls-but-could-accumulating-whales-lead-to-another-doge-bull-rally/

The incoming Trump admin injects tariffs into global affairs. But the US is likely strong enough for mere tariff threat to count. The post Trump’s Tariff Tightrope: Would Americans Benefit? appeared first on Tokenist. source: https://tokenist.com/trumps-tariff-tightrope-would-americans-benefit/?utm_source=rss&utm_medium=rss&utm_campaign=trumps-tariff-tightrope-would-americans-benefit

Corporate Bitcoin adoption is "going parabolic," and early birds have little to worry about when it comes to BTC price corrections. source: https://cointelegraph.com/news/microstrategy-can-ignore-bitcoin-bear-market-price-crash-20k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

At Crypto AI:CON 2024, we sat down with David Jiao, CEO of Privasea, a trailblazer in the Web3 space addressing one of its most pressing challenges: bots. Privasea is on a mission to create a “proof-of-humanity” ecosystem that ensures fair engagement in decentralized applications without compromising user privacy.  Their advanced integration of biometric verification and trustless environments... source: https://beincrypto.com/privasea-ceo-david-jiao-building-trustless-humanity-and-redefining-web3-security/

目前，“特朗普交易”这一主题已被美国当选总统特朗普和中国之间的“大谈判”(Grand Bargain)主题取代。

一些加密货币已经显示出山寨币季节早期的迹象，其中包括 Hedera 的 HBAR，该加密货币在过去一个月上涨了 763%。

总之，这是个刚冒头的赛道，我们可以憧憬它的未来，但更要看到它面临的诸多不确定性。这个赛道能走多远，估计也得等到明年才能看出苗头。

今日晚间推荐阅读：1.政策春风第二波 老牌公链的“川普式复兴”；2.华尔街日报：BTC狂热下 “2X MSTR ETF”如何影响MicroStrategy股价；3.Meme+ICO 会让ICO再次伟大。

此前，base上以Meme coin而出名，而且有很多貔貅盘。而现在，base已经成为了一个创新的策源地。

本文深入探讨了 sCrypt 如何在比特币上构建一个 demo 桥契约。

Donald Trump's administration plans to create a national Bitcoin reserve, boosting Bitcoin's role in the global economy. State-level and institutional support is growing, with 10 US states preparing their own Bitcoin reserve plans.

近日XRP 升至 2.84 美元，市值突破 1460 亿美元，成为全球第三大加密资产。随着 XRP 带动市场情绪，AVAX、LINK、ONDO 和 HBAR 等相关概念项目录得超 30% 的平均涨幅。

杠杆式MicroStrategy ETF的推出加速了MicroStrategy股价的走势

由于Reddio的技术方案采用了CuEVM，这是一个利用GPU提升EVM执行效率的项目，我们将先从CuEVM开始说起。