Crypto News Sentiment

Updated: 26 days and 4 hours ago

Crypto sees bullish signals as Bitcoin surges and XRP ETFs gain traction! However, Ethereum faces potential drops and criticism, while rising treasury yields threaten markets.
Positive news

Binance Supports INJ Network Upgrade

Binance has announced support for the network upgrade and hard fork process on the Injective (INJ) network.

XRP ETF Inflows Signal Potential Upside

XRP's RSI drops to 33, indicating historic lows, while an $18.99M ETF inflow suggests growing bullish sentiment.

Bitcoin's RSI Near Oversold Levels

A key technical indicator for Bitcoin suggests historical precedents for major rallies, though outcomes remain uncertain.

Bitcoin Stabilizes Amid Volatility

Bitcoin stabilizes at $86,600, with experts attributing this to global risk aversion and regulatory factors.

Solana Predicted to Hit New Highs

Despite a short-term decline, Bitwise analysts predict Solana will reach new all-time highs by 2026 due to anticipated network growth.

Binance Alpha Adds RTX Feature

Binance Alpha introduces RTX to its on-chain trading service, offering early access to promising cryptocurrencies.

Bitcoin Surges Past $87,000

Bitcoin achieves a significant milestone by surpassing $87,000, marking a pivotal moment in the cryptocurrency market.

RLUSD Hits $1B Market Cap

RLUSD reaches $1B in market capitalization and ranks among the top five USD stablecoins on its first anniversary.

JPMorgan's Tokenized Dollars Impact Finance

JPMorgan's adoption of a public blockchain signals a shift in how financial institutions handle cross-border payments.

Glassnode Reveals Bitcoin Support and Resistance

Glassnode identifies critical support and resistance levels for Bitcoin based on on-chain analysis.

Bitcoin OG Doubles Down on Ethereum

A prominent Bitcoin early adopter invests $577 million in Ethereum, raising questions about market sentiment and leverage.

Avalanche Takes Unique Blockchain Approach

Ava Labs focuses on long-term blockchain strategies tailored to specific use cases, supporting secure and customizable environments.

Dollar Gains Pressure Before CPI Release

The US Dollar strengthens as traders await the Consumer Price Index release, putting pressure on European central banks.

MicroStrategy Boosts Bitcoin Holdings

MicroStrategy acquires 223,798 Bitcoin worth approximately $1.9 billion, solidifying its position as a leading corporate Bitcoin holder.

Negative news

Ethereum Analysis: A cryptocurrency analyst suggests Ethereum might drop to $2,000 if December closes below a specific level, based on a long-term parallel channel pattern observed in its price chart.

NEAR Protocol Forecast: The NEAR Protocol is expected to experience another 34% decline, supported by the range-low at $1.82 being a key support level since April.

Upcoming SEI Network Upgrade: Upbit, a South Korean cryptocurrency exchange, temporarily halts SEI deposits and withdrawals starting December 23 to perform a crucial network upgrade for the Sei blockchain.

Ethereum Criticism: Kyle Samani, Managing Director of Multicoin Capital, harshly criticizes Ethereum, stating it has achieved nothing in eight years.

U.S. Treasury Yield Impact: Rising U.S. Treasury yields, projected to reach 4.5% by 2026, pose risks to both crypto and equities, according to iCapital projections.

Ethereum Supply on Exchanges: Ethereum's exchange supply ratio has hit a historic low of 0.137, indicating significant institutional accumulation.

MSCI Review Fears: A potential MSCI decision to exclude digital asset treasury firms could trigger a $15 billion market crash, sparking fears of a crypto sell-off.

XRP Price Drop: XRP's price fell below $2, deepening investor concerns, supported by bearish technical indicators and moving averages.

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