Teresa Goody Guillén, a blockchain lawyer, is a leading candidate for SEC chair under Trump. The decision for the new SEC chair is expected before Thanksgiving. President-elect Donald Trump is reportedly considering Teresa Goody Guillén, a seasoned securities attorney and blockchain expert, to chair the U.S. Securities and Exchange Commission (SEC). Goody Guillén, a partner at BakerHostetler and co-lead of its blockchain team, has significant experience in securities law and blockchain advocacy. Trump’s transition team prioritizes a pro-crypto candidate to replace outgoing Chair Gary Gensler. Gensler is expected to step down before Trump’s inauguration on January 20, aligning with the president-elect’s promise to overhaul the SEC. Trump aims to end the agency’s “regulation by enforcement” approach and introduce light-touch crypto regulation. A Transformative Choice Goody Guillén served in the SEC’s Office of the General Counsel from 2009 to 2011. She later worked with former SEC Chair Harvey Pitt, advising clients on enforcement issues. Her dual experience within the SEC and as a defender of blockchain companies makes her a strong contender for the role. Crypto executives, including Brendan Playford of Masa, strongly support Goody Guillén. Playford described her as an “instant change-maker” capable of transforming the SEC’s stance on digital assets. Industry leaders believe her appointment would drive regulatory clarity and support the crypto sector’s growth. Goody Guillén faces competition from high-profile candidates, including Robert Stebbins of Willkie Farr & Gallagher and former SEC Commissioner Paul Atkins. Other contenders include Robinhood’s Chief Legal Officer Dan Gallagher and Brian Brooks, former Acting Comptroller of the Currency. Trump’s transition team, led by Howard Lutnick, aims to finalize the SEC chair decision before Thanksgiving. This swift process reflects the administration’s focus on rapid regulatory reform. If selected, Goody Guillén’s leadership could mark a turning point for U.S. crypto regulation. Her understanding of securities law and blockchain technology positions her to foster a balanced regulatory environment. The industry awaits Trump’s announcement, which could reshape the SEC and the future of crypto in the U.S. Highlighted Crypto News Today Can Ethereum Break Free from Its Consolidation Phase?

Amid the rise of blockchain and the digital economy, the NFT market has opened new wealth-building opportunities. As a leader in this space, CyberACE has introduced a unique NFT staking plan, providing users with a stable, high-yield growth option that enables digital asset appreciation and liquidity. CyberACE’s staking plan offers differentiated rewards based on NFT rarity and level, with flexible terms and daily returns. For example, users with UR-level cards can earn up to 89,375 USDT over a 65-day staking period, an appealing option for long-term investors. In addition to regular returns, CyberACE’s plan includes innovative synthesis and buyback mechanisms. Users can combine lower-level cards into higher rarity ones, enhancing their investment value and scarcity. High-level cards also have periodic buyback privileges, further increasing market liquidity and value retention. CyberACE aims to expand collaborations with international auction houses and digital art institutions to boost the global recognition and value of rare cards. Through this innovative mechanism, CyberACE offers users the chance to both invest in the NFT market and benefit from stable, long-term returns. The launch of CyberACE’s staking plan marks a new era for NFTs, transforming the market from a digital collectibles space into a sustainable wealth-building platform for users. Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ethereum struggles to break resistance despite rising speculative trading activity. Market sentiment remains bearish, limiting Ethereum’s recovery. Ethereum (ETH) continues to grapple with resistance levels while Bitcoin (BTC) surpasses expectations, recently hitting $93,905. Ethereum, on the other hand, has failed to break above $3,300. It is currently trading at $3,110, down 0.79% in the past 24 hours. Its trading volume has also dropped by 23%, signaling weak momentum. Technically, Ethereum has held support above $3,000. The price briefly surpassed $3,120 and $3,150, climbing to $3,224 before facing rejection. It has since retraced, falling below the 23.6% Fibonacci retracement level of its recent move from $3,051 to $3,224. Currently trading above $3,112 and the 100-hour Simple Moving Average (SMA), ETH faces resistance at $3,220 and $3,250. A breakout above $3,250 could drive the price to $3,320 and $3,450. However, failure to clear $3,220 may lead to a decline toward $3,140 and $3,050. A break below $3,050 could push ETH to $2,940 or lower. Meanwhile, despite bearish sentiment, speculative activity around Ethereum is at its highest in months. Ethereum To Face More Downside? Data shows reserves on derivative exchanges have reached 11.28 million ETH, marking a one-year high. This indicates increased leveraged trading as traders position for future price movements. Open interest has also surged to $18.31 billion, reflecting a $4 billion increase this month. Positive funding rates suggest traders maintain a bullish outlook. ETH Price Chart, Source: Sanbase However, market sentiment remains broadly bearish, dampening demand and limiting Ethereum’s recovery potential. Rising leveraged positions also heighten the risk of volatility due to forced liquidations. In conclusion, Ethereum remains at a crossroads, supported by speculative interest but weighed down by weak demand. Key resistance levels at $3,220 and $3,250 will be critical for its short-term trajectory. Until then, Ethereum will likely remain in consolidation, with downside risks intact. Highlighted News Of The Day Stablecoins Hit Record High Supply Hinting Further Bullish Momentum

Michael Saylor set to pitch Bitcoin investment strategy to Microsoft. A vote on December 10 will determine if Microsoft considers Bitcoin as an investment. Microsoft plans to assess and incorporate Bitcoin into its balance sheet. This decision aligns with the shareholders preparing to vote on a proposal in December, coinciding with an upcoming presentation by Michael Saylor, Executive Chairman of MicroStrategy, to Microsoft’s board of directors. During a November 19 X Spaces session hosted by VanEck, Saylor disclosed that he was invited to present a three-minute pitch to Microsoft’s board about Bitcoin investment. This board is led by the firm’s Chairman and CEO, Satya Nadella, and other executives from Disney, Citigroup, and Wells Fargo. Microsoft has been focused on investments like U.S. government securities and corporate bonds, which are widely regarded as reliable in the uncertain economic scenario. The firm’s large portion of the cash reserves are invested in low-risk assets. On the other hand, the December 10 vote, initiated by the National Center for Public Policy Research (NCPPR), will decide whether the board should approach Bitcoin as a potential corporate investment. In addition, the proposal cites the growth of Bitcoin over the last five years. It further highlights the success of MicroStrategy with its Bitcoin-focused strategy. Notably, MicroStrategy’s shares have surged more than 300% in 2024, outpacing Microsoft. Bitcoin Holdings of MicroStrategy As a pioneer in corporate Bitcoin adoption, MicroStrategy has recently purchased 51,780 BTC for its holdings. As of now, the company’s 331,200 bitcoins are valued at approximately $29.7 billion. The assets were acquired at an aggregate cost of $16.5 billion, or $49,874 per BTC. Michael Saylor emphasized that firms like Microsoft, Berkshire Hathaway, Apple, and Google should leverage their cash reserves by investing in Bitcoin to enhance shareholder value. The Corporate Bitcoin Adoption The implications include the increased credibility of digital currency; embracing Bitcoin could expand the acceptance of cryptocurrencies as legitimate assets. This could influence government policies and financial regulations globally. Furthermore, the Bitcoin investment could allow corporations and individual investors to diversify their portfolios by integrating traditional assets with cryptocurrencies. Besides, the largest crypto asset, Bitcoin, is currently trading at $92.3K with its market cap resting at $1.83 trillion. The daily trading volume of BTC has settled at $75 billion. Analysts anticipate the asset will reach $100K shortly by evaluating its momentum within the market. Highlighted Crypto News BONK Hits New ATH and Flips dogwifhat as Top Solana Memecoin

Bitcoin’s price has shown only modest gains in the last 24 hours as movements indicate consolidation. The cryptocurrency’s daily trading volume dropped by 2.24% as per CMC data. As good times in the digital assets sector persist, this week has seen a short pause in price rallies. The community known for its endless optimism has been sportive as investors wait for the next bull cycle. Meanwhile, smart traders have gotten to work beginning to accumulate tokens before it hits new highs. Notably, the overall market has seen a modest dip in market cap—0.53%, while Bitcoin is reflecting modest gains of 0.51%. Meanwhile, the slump could be seen reflected in the altcoin sector as well. Ethereum and Solana have shown price drop percentages under 5%. The past day’s price movements ranged from $91,294 to the current $92,290 before it rose to a new all-time high at $94,002. After testing this new level, the cryptocurrency receded to the aforementioned prices. At the time of writing, BTC was trading at $92,335, as per CMC data. Ali (@ali_charts), the prominent crypto market expert posted a prediction for Bitcoin on his X account yesterday. He outlined how BTC has been mirroring the previous bull cycles and predicted another price rally. This rally would result in Bitcoin hitting the $150,000 level followed by corrections stated the analyst. Bitcoin Whales Accumulations – Sign of Incoming Bull Run? According to on-chain investigators reports, several Bitcoin whales have shown activity this week. Lookonchain posted two BTC whales buying tokens and selling them at highs. Moreover, MicroStrategy founder Micheal Saylor recently announced plans to invest more funds in the cryptocurrency. BTC/USDT Daily Price Chart (Source: TradingView) Moreover, on its price charts, Bitcoin’s signal line stands above the MACD line indicating a positive trend as per TradingView data. In the case of Ali’s aforementioned price breakout materializing, the cryptocurrency can be expected to face slight bumps at resistance levels – $94,164 and $96,974. Furthermore, the aforementioned whale accumulations have led to market anticipations of yet another mind-boggling bull run. The coming days hold an answer to whether Bitcoin will stage this price rally dropping more fortunes into our laps. Highlighted Crypto News Today: Stablecoins Hit Record High Supply Hinting Further Bullish Momentum

Ethereum has experienced a noticeable surge in its price recently, trading above the psychological $3,000 price mark, which has reignited interest in the crypto market. According to on-chain analysis, retail investors appear to be adopting a “hold” strategy, resisting the urge to sell despite the increase in ETH’s value. Market analysts view This holding behavior as significant, especially considering the broader market sentiment influenced by the so-called “Trump Trade,” which has contributed to easing risks and enhancing market conditions. Limited Ethereum Deposits To Exchanges According to the onatt, the CryptoQuant analyst behind the analysis, this trend of holding ETH without significant profit-taking suggests that many investors still perceive the cryptocurrency as “undervalued,” even at its elevated levels. Another factor onatt mentioned supporting this observation is the limited inflow of ETH to major exchange deposit addresses such as Binance and OKX, indicating that traders are not moving their assets to sell. Generally, large volumes of ETH flow into exchanges typically signal impending selling pressure. However, this has not been the case, reflecting a cautious but optimistic outlook among retail market participants. Key Metric Highlighting Investor Sentiment Another major metric the CryptoQuant analyst highlighted reinforcing this “hold” sentiment is the Spent Output Profit Ratio (SOPR), which tracks the profitability of spent coins. onatt reveals that this metric remains close to 1, indicating that most Ethereum transactions are happening near breakeven levels. This data indicates a lack of significant profit realization among ETH holders, highlighting a strong “buy and hold” sentiment. According to the analyst, when paired with low exchange inflows, this metric also suggests that investors are maintaining confidence in Ethereum’s long-term growth potential. Furthermore, onatt’s analysis suggests that as long as ETH maintains levels above $2,800, it could pave the way for a swift move toward the $4,000 range. So far, Ethereum is currently still trading above just above $3,000. While the asset’s price increase is nowhere near that of BTC, it has managed to maintain stability above the crucial psychological price level. At the time of writing, ETH has surged by 0.2% in the past day with a current trading price of $3,100—a price mark that brings Ethereum a 36.4% decrease away from its all-time high (ATH) of $4,878 registered in 2021. Analysts have suggested that the current market price of ETH is a notable buying opportunity for the asset. A crypto enthusiast known as venturefounder has particualry predicted a “conservative” $10k-$13k price target for ETH. Featured image created with DALL-E, Chart from TradingView

BONK hits a new ATH of $0.00005916, surpassing dogwifhat (WIF) to become the largest Solana memecoin by market cap. South Korea’s largest crypto exchange, Upbit, lists BONK in its Korean Won trading market. Today, BONK, the leading Solana-based memecoin, has made a significant breakthrough. It reached a new all-time high of $0.00005916, surpassing dogwifhat (WIF) to become the largest Solana-based memecoin by market cap. Currently, it holds the position of the fourth largest meme coin in the overall cryptocurrency ranking. Memecoin Rankings (Source: CMC) Adding to the excitement, South Korea’s largest crypto exchange, Upbit, has announced the listing of BONK on its Korean Won trading market, further increasing its visibility and accessibility. BONK has successfully broken free from the prolonged bear trend, where it struggled to surpass the $0.00003 level since late July. The “Ichimoku Cloud chart confirms a strong uptrend for BONK,” signaling that the bulls are in control. At the time of writing, BONK is priced at $0.00005643 (22% increase) and has a market cap of $4.23 billion. Additionally, its daily trading volume has surged by 94.91% in the last 24 hours, reaching $2.88 billion. Technical Analysis and Short-Term Outlook for BONK According to the BONK/USDT trading pair, the memecoin’s price has returned higher in the intraday levels, confirming the breach of the pivotal resistance at $0.00005003, which led the way to the all-time high. This move is supported by the upward short-term trend, with positive pressure from trading above the 50-day SMA ($0.00002603). Also, the positive signals from the RSI on the 4-hour price chart suggest there is room for further upside. BONK Price Chart (Source: TradingView) Moreover, the MACD line crossing above the signal line indicates strong bullish momentum, suggesting that the price may be poised to move upward. This crossover suggests that the short-term price momentum is stronger than the longer-term momentum. Therefore, more gains for BONK are expected. Currently, it settles firmly above $0.000055, targeting the resistance at $0.00006325. However, on the daily chart, an RSI of 82 indicates that the asset is overbought and may be due for a potential price correction or consolidation. In that case, BONK could fall to immediate support at the 9-day SMA of $0.00005307, or even to $0.00004316, which could lead the memecoin to fall below $0.00003253. For insights on BONK’s long-term move, keep an eye on TheNewsCrypto’s BONK price prediction. Highlighted Crypto News Today Stablecoins Hit Record High Supply Hinting Further Bullish Momentum

Since November 5, the day President-elect Donald Trump secured another term in office, Bitcoin has experienced a remarkable uptrend, reaching a new all-time high of $93,300. Since then, BTC has been trading within a narrow range between $89,000 and $92,000, positioning for a potential move toward the $100,000 milestone. This raises an intriguing question whether a price of $1 million per coin is feasible over the next decade. A Long-Term Vision For Investors Market expert VirtualBacon has conducted an in-depth analysis of these possibilities, delving into the numbers, trends, and catalysts that could propel Bitcoin to experience a surge of nearly 1,000% from its current price levels. Within the current market cycle, the expert forecasts that Bitcoin could hit $200,000 in the next one to two years. However, he notes that while this milestone is significant, altcoins may offer higher returns at a greater risk, often crashing by 80% to 90% in bear markets. In contrast to altcoins, which face increasing regulatory scrutiny, Bitcoin stands out as a safer long-term investment. VirtualBacon argues that Bitcoin’s potential is not just confined to the next few years but spans a decade or more. To understand why Bitcoin’s price could reach $1 million, VirtualBacon asserts that investors need to consider its fundamental utility as a store of value. Bitcoin’s fixed supply of 21 million coins, its global accessibility, and its resistance to censorship and manipulation make it a compelling alternative to traditional financial assets. The expert suggests that if Bitcoin is to become recognized as the digital gold of the 21st century, reaching a market capitalization that rivals gold’s estimated $13 trillion is not merely a theoretical possibility but “a logical outcome.” Key drivers for this potential growth include increasing participation from asset managers, corporate treasuries, central banks, and wealthy individuals. Recent data indicates that Bitcoin ETFs have seen record inflows, with $1 billion invested last week, reflecting growing institutional confidence. Additionally, discussions among corporations, such as Microsoft considering Bitcoin reserves, further enhance its strategic value. Wealthy individuals are also beginning to adopt Bitcoin as a standard portfolio allocation, with even a modest 1% investment becoming commonplace among billionaires. What Does Bitcoin Need To Reach $1 Million? For Bitcoin to reach the $1 million mark, two critical factors must be analyzed: global wealth growth and portfolio allocation. VirtualBacon notes that in 2022, total global wealth was estimated at $454 trillion, and projections suggest this could grow to $750 trillion by 2034. Currently, gold holds approximately 3.9% of global wealth, while Bitcoin is at a mere 0.35%. If Bitcoin’s allocation in global portfolios rose to just 3%, still significantly below gold’s share, its market cap could soar to $20 trillion, pushing the price to $1 million per coin. Historically, gold’s market cap saw significant growth following the launch of exchange-traded funds in 2004, with its portfolio allocation increasing from 1.67% to 4.74% over the next decade. If Bitcoin follows a similar trajectory, its allocation could rise from 0.35% to 1.05% or more, translating to a market cap of approximately $7.92 trillion, equating to about $395,000 per Bitcoin. Therefore, reaching $1 million doesn’t require Bitcoin to surpass gold; it must capture about 57% of gold’s projected market cap by 2034. With gold representing 4.7% of global portfolios compared to Bitcoin’s 0.35%, a modest increase in Bitcoin’s share of global wealth to 3%—just 60% of gold’s allocation—could “easily” result in a $20 trillion market cap and a $1 million price point. At the time of writing, BTC is trading at $92,240, up 7% every week. Featured image from DALL-E, chart from TradingView.com

Crypto analyst Ali Martinez has provided insights into what the Bitcoin price trajectory could look like in the coming weeks. Interestingly, the analyst predicted that Bitcoin could rally to $138,000 and then experience a 30% price crash. Why Bitcoin Could Rise To $138,000 And Crash After In an X post, Martinez alluded to historical trends to explain why the Bitcoin price could rally first to $138,000 and then crash by 30% after. He stated that during the 2017 bull market, Bitcoin surged 156% past its previous all-time high (ATH) before the first major correction of 39%. Similarly, BTC rallied 124% in the 2020 bull run before it witnessed a 32% correction. If history were to repeat itself, Martinez predicts that the Bitcoin price could rally to at least $138,000 before experiencing its first major pullback. Bitcoin has cooled off in the last few days following its parabolic rally after Donald Trump won the US presidential elections. However, the analyst recently mentioned what needed to happen for the flagship crypto to break above $100,000 and possibly reach this $138,000 target. He stated that the BTC price needs to achieve a sustained daily close above $91,900 to invalidate its bearish outlook at the moment and rally to $100,680. This came as he explained why Bitcoin could witness a price correction soon enough. Martinez noted that the greed index was currently at its peak, which is usually bearish for the Bitcoin price since investors could be overleveraging their positions, leading to a massive flush. Meanwhile, in his most recent X post, Ali Martinez indicated that this Bitcoin price rally above $100,000 would happen before the significant price correction. This time, he upped his target to $150,000, stating that the breakout could happen the next day or two before the 30% price correction. Price Could Double From Previous ATH In Next Three Weeks Crypto analyst Kevin Capital predicted that the Bitcoin price could double in the next three weeks. He noted that in every Bitcoin cycle after BTC broke its previous ATH, the crypto went into price discovery and doubled its price in four to six weeks. According to Kevin, BTC is 45% to 50% away from doubling its price from the previous ATH of $73,000 and is on week three of price discovery. Related Reading: Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow? The analyst stated that if the BTC price doesn’t record this 45% to 50% rally in the next three weeks, it is technically underperforming previous bull markets. However, it is worth mentioning that this cycle is the only one in which the Bitcoin price has reached a new ATH before the halving event, which took place earlier this year. At the time of writing, the Bitcoin price is trading at around $91,900, up in the last 24 hours, according to data from CoinMarketCap.

Cardano price started a consolidation phase above the $0.700 zone. ADA is holding gains and might aim for a fresh increase above $0.7880. ADA price started a downside correction after a strong rally toward $0.8200. The price is trading above $0.740 and the 100-hourly simple moving average. There was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7880 resistance zone. Cardano Price Holds Gains Above Support In the past few days, Cardano saw a major increase above the $0.50 resistance. ADA outpaced Bitcoin and Ethereum. There was a move above the $0.650 and $0.750 resistance levels. It even cleared the $0.800 level. A high was formed at $0.8199 before there was a pullback. The price tested the $0.6880 support and is currently rising. There was a move above the $0.740 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low. Besides, there was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA/USD pair. Cardano price is now trading above $0.740 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7750 zone. The first resistance is near $0.7880 or the 76.4% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low. The next key resistance might be $0.8180. If there is a close above the $0.8180 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8800 region. Any more gains might call for a move toward $0.950. Are Dips Supported in ADA? If Cardano’s price fails to climb above the $0.7880 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level. The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.6880. The next major support is near the $0.600 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7400 and $0.7200. Major Resistance Levels – $0.7880 and $0.8180.

Bitcoin price movements often correlate with large-scale investors’ actions, commonly called “whales.” These individuals or entities hold between 1,000 and 10,000 BTC, and their trading behavior is a critical indicator of market trends. With that being said, recent data indicates that these whales have been increasing their Bitcoin holdings, which has fuelled momentum in the Bitcoin market thereby capturing the interest of more investors. BTC Whales Continue Accumulation: Implications and Risks A CryptoQuant analyst known as Datascope recently highlighted the trend of increasing BTC whale accumulation, noting that a positive 30-day percentage change supports the accumulation of Bitcoin by whales. This trend according to the analyst, represents a shift that can significantly impact Bitcoin’s price trajectory. When these major players accumulate, it often signals more liquidity in the market and a likely impending price surge. Datascope discloses that the correlation between whale balances and Bitcoin’s price “highlights the growing dominance of these investors in the market.” The CryptoQuant analyst added: However, datascope mentioned that there are potential caveats to this accumulation trend. He noted that the accumulation phase can lead to upward momentum, but it inherently carries the risk of a sharp reversal when these large holders decide to sell their assets. Selling pressure from whales, especially if executed suddenly, could lead to rapid price declines, reversing gains during accumulation. The analyst concluded by noting: Bitcoin Market Performance While the accumulation of BTC from whales continues, the asset appears to be gearing up for another rally. It is worth noting that prior to today’s price performance, Bitcoin has remained just above $90,000 following its sharp decrease away from its all-time high (ATH) of $93,477 registered last week. However, today, the asset is beginning to see a return of upward momentum. Particularly, at the time of writing, Bitcoin has increased by 1.9% to a current trading price of $91,635, bringing it to a 1.7% decrease away from its ATH. Featured image created with DALL-E, Chart from TradingView

XRP price is correcting gains from the $1.185 resistance zone. The price might revisit the $1.00 support before the bulls appear. XRP price started a downside correction below the $1.120 level. The price is now trading below $1.100 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could retest the $1.00 support zone before the bulls take a stand. XRP Price Dips Again XRP price struggled to extend gains above the $1.180 and $1.20 levels. It started a downside correction and traded below the $1.150 level. It underperformed Bitcoin and Ethereum in the past two sessions. There was a drop below the 50% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. Besides, there was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP/USD pair. The price is now trading below $1.100 and the 100-hourly Simple Moving Average. It is now approaching the 76.4% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. On the upside, the price might face resistance near the $1.100 level. The first major resistance is near the $1.140 level. The next key resistance could be $1.1850. A clear move above the $1.1850 resistance might send the price toward the $1.200 resistance. Any more gains might send the price toward the $1.2250 resistance or even $1.2320 in the near term. The next major hurdle might be $1.250. More Downsides? If XRP fails to clear the $1.140 resistance zone, it could continue to move down. Initial support on the downside is near the $1.040 level. The next major support is near the $1.00 level. If there is a downside break and a close below the $1.00 level, the price might continue to decline toward the $0.980 support in the near term. The next major support sits near the $0.920 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.1040 and $1.0000. Major Resistance Levels – $1.1400 and $1.1850.

Ethereum price struggled to extend gains above the $3,220 resistance zone. ETH is slowly moving lower and approaching the $3,060 support. Ethereum is consolidating and facing hurdles near $3,200. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,120 resistance zone. Ethereum Price Dips Again Ethereum price attempted an upside break above the $3,220 resistance but failed unlike Bitcoin. ETH started a fresh decline below the $3,150 and $3,120 support levels. There was a move below $3,100 and the price tested $3,070. A low is formed at $3,069 and the price is now consolidating. It tested the 23.6% Fib retracement level of the recent decline from the $3,224 swing high to the $3,069 low. Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. However, there is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,120 level. The first major resistance is near the $3,150 level or the 50% Fib retracement level of the recent decline from the $3,224 swing high to the $3,069 low. The main resistance is now forming near $3,220. A clear move above the $3,220 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,150 resistance, it could start another decline. Initial support on the downside is near the $3,060 level or the trend line. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward $2,880. Any more losses might send the price toward the $2,740 support level in the near term. The next key support sits at $2,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,060 Major Resistance Level – $3,150

Analyst predicts Cardano breakout to $0.90 ADA forms bullish symmetrical triangle pattern Network TVL surges 130% since US election day Crypto analyst Dan Gamberdello has unveiled a bullish forecast for Cardano (ADA), projecting a breakout to $0.90 following the asset’s recent consolidation phase. The prediction comes as ADA shows strong technical formation despite a temporary cooling in its recent rally. Cardano Technical Pattern Suggests Imminent Breakout The ninth-largest cryptocurrency, currently trading at $0.73, has retraced 9.7% from its November 16 multi-year high of $0.8117. However, Gamberdello identifies this pullback as a strategic rest period, highlighting the formation of a bullish symmetrical triangle on the 4-hour chart. “Cardano has established a really nice structure, pulling back to the green 20-day moving average,” Gamberdello noted, projecting a potential 21.6% surge upon breaking out of the pattern. Supporting the technical outlook, Cardano’s network metrics have shown remarkable improvement. DeFiLlama data reveals a dramatic surge in Total Value Locked (TVL), jumping from $199 million on election day to $457.9 million, marking a 130% increase. The Cardano ecosystem has witnessed unprecedented social activity, approaching 2 billion impressions on X. This surge in social engagement coincides with growing developer activity and network adoption. With a current market capitalization of $26.1 billion, Cardano’s position among the top cryptocurrencies remains strong. The combination of technical formation, growing TVL, and increasing social presence suggests the potential for continued upward momentum toward the projected $0.90 target.

21Shares XRP ETP surpasses $140M in assets under management Fund shows over 113% growth in past month Multiple firms file for XRP spot ETF amid growing institutional interest European asset manager 21Shares has announced a milestone for its XRP exchange-traded product (ETP), with assets under management (AUM) surpassing $140 million. The announcement marks a new chapter in the growing institutional adoption of the sixth-largest cryptocurrency. 21Shares Ripple XRP ET shows remarkable metrics The 21Shares Ripple XRP ETP (AXRP), launched in April 2019, has demonstrated remarkable performance metrics. Trading on major European exchanges, including SIX Swiss Exchange and Euronext Paris, the fund has achieved a net asset value per unit of $32.92 as of November 18. “The fund’s performance has been exceptional, with 113.25% growth in the last 30 days and 95.32% over the past quarter,” noted the company’s announcement. Year-to-date returns stand at 97.87%, contributing to a lifetime appreciation of 225.32%. The milestone comes amid increasing institutional interest in XRP, particularly following recent political developments in the United States. The prospect of new leadership at the SEC under a pro-crypto administration has sparked renewed optimism for regulatory clarity. “The growth in our XRP ETP reflects broader institutional confidence in the asset,” a 21Shares representative stated. The fund, which is 100% physically backed by Ripple coins, continues to attract institutional investors seeking regulated exposure to the digital asset. The success of 21Shares’ ETP coincides with growing competition in the ETF space. Multiple asset managers, including Bitwise and Canary, have filed for spot XRP ETFs with the SEC. Industry observers speculate that Grayscale, following its September launch of the XRP Trust, may also join the ETF race.

Solana futures open interest hits record $4.7 billion Technical indicators show overbought conditions Price faces crucial resistance at $245 before potential ATH Solana’s (SOL) remarkable price rally has brought it within striking distance of its all-time high, though the cryptocurrency faces significant technical hurdles. As traders pile into SOL positions, market indicators present a mixed outlook for the leading altcoin. Solana Hits Record-Breaking Market Interest Futures Open Interest for Solana has surged to an unprecedented $4.7 billion, signaling massive trader participation in the ongoing rally. This milestone demonstrates growing market confidence, even as the asset confronts key resistance levels. “The surge in open interest approaching $5 billion reflects heightened trader optimism,” market analysts noted. “However, the divergence between price action and market positioning raises important considerations.” Source: Glassnode The Relative Strength Index (RSI) has entered overbought territory, historically a precursor to price corrections. This technical signal, combined with the substantial open interest, suggests potential near-term volatility. SOL currently trades just below the crucial $245 resistance level, the final barrier before a potential new all-time high above $260. A successful breach could trigger further upside, while failure might lead to a retest of $221 support. “The $245 level represents a critical juncture for Solana’s immediate future,” technical analysts observed. “Converting this resistance to support could pave the way for new historic highs.” Despite overbought conditions, Solana’s macro momentum remains strong, supported by increasing adoption and positive market sentiment. Traders are closely monitoring whether SOL can maintain its upward trajectory or if a cooling period is necessary before continuing its ascent.

London, UK, November 19th, 2024, Chainwire Real-World Assets (RWA) are rapidly becoming a strong sector of blockchain adoption, linking tangible assets to decentralized networks to create more transparent, efficient financial systems. ChainBank is uniquely positioned to capitalize on this trend with its multichain Web3 neobank model. The ChainBank team has officially launched the presale of its $CHAINBANK token, offering investors an early opportunity to become part of its innovative ecosystem. Designed to support the platform’s growth and development, the $CHAINBANK token plays a central role in ChainBank’s vision of bridging traditional banking and blockchain technology. Early participants in the presale will gain access to a key project positioned at the forefront of the Real-World Assets (RWA) movement, which is redefining how financial systems operate globally. The $CHAINBANK token presale aims to build a strong community of supporters and contributors who believe in ChainBank’s mission. Proceeds from the presale will be directed towards developing solutions like crypto-to-fiat cards, multichain interoperability, and AI-driven financial tools, all designed to enhance the everyday banking experience. Joining the $47 billion neobank sector, ChainBank introduces multichain interoperability, supporting blockchain networks such as Bitcoin, Ethereum, Binance Smart Chain, and Solana. This functionality provides users with the flexibility to interact across diverse financial ecosystems, catering to both individual and business needs. ChainBank is designed to streamline interactions between crypto and TradFi systems, simplifying transitions for users. Rivaling traditional systems like SWIFT while complementing cryptocurrency exchanges such as Coinbase and Binance. ChainBank enhances utility for Web3 participants, creating an RWA banking protocol similar to Robinhood or Crypto.com. Additionally, the platform integrates with widely used altcoins, fundamental coins like $ETH, $BTC, $SOL, memecoins, and stablecoins like USDT and USDC. Key Features and Upcoming Launch Key offerings include a user-friendly app, a physical crypto card for everyday transactions, and virtual card options. According to its roadmap for Q4 2024 through Q1 2025, the ChainBank team plans to roll out features such as a loyalty program, an affiliate program, and a minimum viable product (MVP) app. These developments are aimed at delivering a seamless experience for users navigating blockchain-based financial solutions. Highlights of the upcoming features: Complimentary first ChainBank card for new users. Virtual card options for instant online payments. Comprehensive card management via the mobile app. Rewards in $CHAINBANK tokens with eligible purchases. Users can discover more by visiting their official website at chainbank.network. The launch is expected soon, and users can follow ChainBank on Twitter to keep up with the most important announcements. About ChainBank ChainBank is a cutting-edge multichain Web3 neobank built for seamless global crypto payments. It empowers users with a unified platform to manage, transact, and interact with digital assets across various blockchain networks. By prioritizing interoperability, efficiency, and security, ChainBank bridges the gap between traditional banking and decentralized finance. Users can explore more about their solutions at chainbank.network. Contact Luke ChainBank [email protected]

Bitcoin price is consolidating gains near the $91,000 zone. BTC is holding gains and might soon aim for more upsides above the $94,000 level. Bitcoin started a fresh increase above the $91,000 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $93,200 resistance zone. Bitcoin Price Could Rally Again Bitcoin price remained supported above the $90,000 level. BTC formed a base and started a fresh increase above the $91,000 level. It cleared the $93,000 level and traded to a new high at $94,000 before there was a pullback. There was a move below the $93,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $89,400 swing low to the $94,000 high. However, the price is stable and consolidating near the $92,000 level. Bitcoin price is now trading above $91,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $89,400 swing low to the $94,000 high. On the upside, the price could face resistance near the $92,600 level. The first key resistance is near the $93,200 level. A clear move above the $93,200 resistance might send the price higher. The next key resistance could be $94,000. A close above the $94,000 resistance might initiate more gains. In the stated case, the price could rise and test the $98,000 resistance level. Any more gains might send the price toward the $100,000 resistance level. Another Pullback In BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $91,700 level. The first major support is near the $90,700 level. The next support is now near the $89,500 zone. Any more losses might send the price toward the $87,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $91,700, followed by $90,700. Major Resistance Levels – $92,600, and $94,000.

The Bitcoin price movements have recently formed a bullish symmetrical triangle pattern, a technical indicator that often precedes significant upward momentum. This pattern formation has come amidst a back and forth between $93,477 and $85,970 after the Bitcoin price reached an all-time high of $93,477 on November 14. The observation of this bullish symmetrical triangle was highlighted on the social media platform X by the crypto analyst known as Stockmoney Lizards, who is also credited with developing the Satoshimeter indicator. Symmetrical Triangle Points To A Bitcoin Price Breakout A symmetrical triangle is formed when a descending resistance line and an ascending support line converge, indicating a period of consolidation. As the price approaches the apex of this formation, it typically breaks out in the direction of the prevailing trend. In the case of Bitcoin, the Bitcoin price action on the daily candlestick timeframe has been one of a series of lower highs and higher lows for about the past week. This formation has led to the Bitcoin price trading in an increasingly tightening range, which is ultimately going to breakout in either direction. For Bitcoin, the existing uptrend suggests a potential breakout above the upper trendline of the symmetrical triangle, which is just below $91,000. To confirm such a breakout, analysts look for a spike in trading volume and at least two consecutive closes beyond the trendline. Commenting on this setup, the Stockmoney Lizards stated, “The current setup suggests a potential breakout to the next level. All eyes are on 100k. This is when retail investors will crush the candy store and the real fun will start.” Such a breakout, if confirmed, could lead Bitcoin to establish new highs above the six-digit threshold of $100,000, which in turn would trigger a wave of inflows into other cryptocurrencies. Next Bitcoin Price Target: $100,000 The psychological milestone of $100,000 has been a focal point for Bitcoin enthusiasts and analysts since the beginning of this bull cycle. Notably, the calls for a $100,000 price target have been even more pronounced since the Bitcoin price broke above its March high of $73,737 earlier this month. At the time of writing, Bitcoin is trading at $91,770, having reached an intraday high of $92,653 in the past 24 hours. This means it has effectively broken out of the symmetrical triangle since Stockmoney Lizards’ technical analysis. Interestingly, the analyst highlighted this breakout in an update to his analysis. Now that the breakout of the symmertical triangle has been effectively confirmed, it remains to be seen whether the Bitcoin price can reach the coveted $100,000 price mark before the end of November. All indicators point to go, with the demand for Bitcoin currently far outpacing the supply.

Following a price surge, Solana (SOL) reached a market valuation of nearly $117 billion for a new milestone. As the blockchain ecosystem gains traction, both analysts and investors are beginning to pay attention. This surge reflects the growing appeal of its blockchain, which offers fast, low-cost transactions, making it an attractive option for decentralized applications (DApps) and developers searching for a more efficient platform. Solana’s value boost isn’t temporary. It signals a bigger trend in cryptocurrency investing toward alternative financial systems. As blockchain usage grows, Solana leads due to its technical skills and growing recognition of its possibilities. DeFi Hotspot: Solana’s Growing Influence It’s hard to overlook Solana’s rapid proliferation in decentralized finances (DeFi). On November 17, the network’s infrastructures were credited with among crypto’s highest processed fees to date. Five of the ten most significant fee-charging platforms were built on the Solana blockchain. Raydium, a famous automated market maker, led the list with over $11 million in fees, followed closely by Jito, a liquid staking protocol, with close to $10 million. The surge in activity is being fueled in part by the resurgence of memecoin craze, as investors return to the market with renewed enthusiasm. As the DeFi ecosystem on Solana grows, its capacity to execute massive transaction volumes without breaking the bank positions it as a leading contender in the fast developing blockchain race. Price Predictions: Will Solana Reach $400? With the given upward momentum, analysts are becoming more positive about the Solana prospects. Titan of Crypto has also commented that SOL can possibly reach $400 as it seems to be creating a break out pattern. This pattern is known as Cup & Handle and is seen as a positive signal for further gains, especially when Solana hits its all-time high. Another famous figure in the crypto field, Peter Brandt, has expressed similar comments, saying that Solana’s swing upward will drive its price further higher. Solana’s recent performance supports these predictions—only this week, SOL achieved a high of $248, representing an 11% increase in just seven days. SOL, at the time of writing, was trading at $246. Solana’s surge has also enabled it to surpass Binance Coin (BNB) in market capitalization, cementing its position as the fourth-largest cryptocurrency. This confirms its position as one of the most powerful players in the industry, putting it on course to compete with other important assets, such as the stablecoin USDT. The Road Ahead For Solana However, Solana seems to be poised to continue upward momentum in the future. Solana is very well positioned for future growth thanks to great performance in the DeFi sector, favorable price expectations, and ever-increasing market capitalization. If it is able to maintain the level of performance at present and attract even more developers and users to its ecosystem, then it play an even more important role in the blockchain world in months and years to come. Featured image from Forbes, chart from TradingView