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/

자본 고문 제프 월튼은 비트코인 가격이 18,826달러까지 떨어져야 마이크로스트레티지의 자산 가치가 부채보다 낮아질 수 있으며, 이는 비즈니스 인텔리전스 회사인 마이크로스트레티지가 비트코인 가격이 80% 급락해도 살아남을 수 있다는 것을 의미한다고 분석했습니다. (코인텔레그래프)

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/

'트럼프 딜'이라는 테마는 이제 트럼프 당선인과 중국 간의 '그랜드 바겐' 테마로 대체되었습니다.

지난 한 달 동안 763% 상승한 헤데라의 HBAR을 비롯해 일부 암호화폐는 이미 코티지 시즌의 초기 징후를 보이고 있습니다.

대체로 이것은 이제 막 등장한 트랙이며 미래를 기대할 수 있지만 직면 한 많은 불확실성을 보는 것이 더 중요합니다. 이 트랙이 얼마나 멀리 갈 수 있을지는 내년까지 기다려야 그 시작을 볼 수 있을 것 같습니다.

오늘 저녁 추천 읽기: 1. 정책 봄바람의 두 번째 물결과 기존 퍼블릭 체인의 '트럼프식 부활', 2. 월스트리트 저널: '2X MSTR ETF'가 BTC 광풍 속에서 마이크로스트레티지 주가에 미치는 영향, 3. +ICO는 ICO를 다시 위대하게 만들 것입니다.

이전에는 밈 코인으로 유명했고 픽시 디스크를 많이 보유하고 있었습니다. 그리고 이제 BASE는 혁신의 큐레이터가 되었습니다.

이 아티클에서는 sCrypt가 비트코인에서 데모 브리지 컨트랙트를 구축하는 방법을 자세히 살펴봅니다.

도널드 트럼프 행정부는 국가 비트코인 준비금을 조성하여 글로벌 경제에서 비트코인의 역할을 강화할 계획입니다. 미국 10개 주가 자체 비트코인 준비금 계획을 준비하는 등 주 정부 및 기관 차원의 지원이 증가하고 있습니다.

최근 XRP는 2.84달러까지 상승했으며 시가총액은 1,460억 달러를 돌파하여 세계에서 세 번째로 큰 암호화폐 자산이 되었습니다. XRP가 시장 심리를 주도하면서 AVAX, LINK, ONDO, HBAR과 같은 관련 개념이 평균 30% 이상의 상승률을 기록했습니다.

레버리지 마이크로스트레티지 ETF 출시로 마이크로스트레티지 주가 상승 가속화

Reddio의 기술 솔루션은 GPU를 사용하여 EVM 실행 효율을 개선하는 프로젝트인 CuEVM을 사용하므로, 여기서는 CuEVM부터 살펴보겠습니다.