The Litecoin (LTC) price is showing its first meaningful shift in momentum after an extended period of low volatility. In the last 24 hours alone, the network recorded a rise in transactions and displayed one of its strongest daily on-chain flows this quarter. Alongside this, larger wallets have begun showing renewed activity, hinting that long-inactive …
The premium — which tracks the price spread between Coinbase and the global market — acts as a read on U.S. capital flows in previous cycles.
BitMEX co-founder Arthur Hayes has warned that Monad may crash 99%. He said in an Altcoin Daily interview that Monad is set up in a way that mainly helps insiders, not normal users. With MON already falling 25% from its first big pump, many are now questioning its future as its lack real world use …
The crypto sentiment indicator has moved up from extreme fear, and other social media indicators suggest sentiment is moving more bullish toward Bitcoin.
Ethereum educator Anthony Sassano said Ethereum’s gas limit could climb beyond three times next year, with some developers pushing for a fivefold increase.
Bitcoin and several altcoins continue to show strength, but charts suggest that each needs a strong close above a key exponential moving average to continue the uptrend.
The lawsuit against Kalshi could lead to stricter regulations and oversight in the prediction market industry, impacting its growth and operations.
The post Kalshi faces lawsuit over alleged unlicensed sports betting and market manipulation appeared first on Crypto Briefing.
Bitcoin has rallied more than 12% since last week’s sharp drop to the $80,000 low, offering the market a brief moment of relief after an intense period of capitulation. Despite this rebound, fear and uncertainty continue to dominate sentiment, especially following what analysts describe as the largest short-term holder capitulation in Bitcoin’s history. Related Reading: XRP Reserves On Binance Collapse To Record Lows: Investors Move Toward Long-Term Holding This wave of realized losses—fast, aggressive, and record-breaking—has left many investors questioning whether the recent recovery is sustainable or simply a temporary bounce in a broader downtrend. According to new data from Glassnode, the path ahead remains challenging. Analysts explain that Bitcoin must break above the major supply clusters created by top buyers earlier in the cycle if it is to regain meaningful upward momentum. These clusters represent areas where a large number of investors previously bought at higher prices and may now look to exit at breakeven, increasing the likelihood of heavy sell-side pressure as BTC climbs. Bitcoin Faces Critical Supply Barriers Glassnode reports that Bitcoin is now approaching two major supply clusters that will play a decisive role in determining whether the recent rebound can evolve into a sustained recovery. The first cluster sits between $93,000 and $96,000, while the second—much larger and more structurally important—spans $100,000 to $108,000. These zones were formed by heavy buying activity earlier in the cycle and represent areas where many investors are currently underwater or sitting near breakeven. Because of this, Glassnode notes that these ranges typically act as strong resistance, as recent buyers who endured the latest drawdown may choose to sell once the price returns to their entry levels. This dynamic can create temporary supply walls, slowing down momentum even in moments of aggressive recovery. Bitcoin’s ability to break through these clusters will determine whether it can re-establish a path toward a new all-time high or remain trapped under heavy distribution pressure. The market is now entering a critical phase, with traders closely watching how BTC behaves as it approaches these levels. A clean breakout would signal renewed confidence, while rejection could signal that the broader corrective structure is not yet over. Related Reading: Bitcoin Coinbase Premium Still Negative: US Institutions Keep Selling Despite Easing Pressure Testing Support After a Sharp Multi-Week Selloff Bitcoin’s weekly chart shows a market attempting to stabilize after one of the most aggressive drawdowns of the cycle. BTC has rebounded to the $91,500 area following a deep wick to the $80K region last week, signaling that buyers are finally stepping in at key support. This rebound coincides with a strong weekly candle showing a long lower shadow, a classic sign of demand absorption during heavy selloffs. However, despite this bounce, the broader structure remains fragile. The price is trading below the 50-week moving average, a level that previously acted as reliable support throughout the bull phase. Losing this dynamic support earlier in the month was a significant technical break, and BTC is now attempting to reclaim it from below—typically a challenging move that often acts as resistance. Related Reading: Ethereum ICO Whale Sells 20,000 ETH ($58M), Raising Questions Over Market Timing The 100-week moving average around the mid-$80K region has proven critical, halting the decline and serving as the primary area where buyers defended the trend. As long as BTC holds above this zone, the broader market avoids confirming a deeper macro reversal. Volume remains elevated, reflecting capitulation-level activity, and the market is now in a decisive phase. A sustained close above $92K–$94K would strengthen recovery prospects, while rejection would risk another retest of the $80K support. Featured image from ChatGPT, chart from TradingView.com
Bitwise crypto researcher André Dragosch said, “We’re staring at a similar macro setup” for Bitcoin as during the COVID-19 pandemic.
On-chain data shows New Whales on the Bitcoin network have been realizing losses recently, while Old Whales have remained at the sidelines. Bitcoin Has Faced Loss Selling From The Newbie Whales In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the profit/loss realization behavior of the Bitcoin whales. “Whales” broadly refer to the BTC investors that hold at least 1,000 tokens in their balance. Related Reading: Bitcoin Puell Multiple Plunges, But Not Inside Bottom Zone Yet At the current exchange rate, the cutoff for the cohort is equivalent to $91.6 million, which is quite significant. As such, this group represents the big-money hands of the market, who can carry some degree of influence. Whales can be divided into two subgroups based on holding time. Investors of this size who purchased their coins within the past 155 days are known as the short-term holder (STH) or New Whales. Similarly, whales with a longer holding time are called the long-term holder (LTH) or Old Whales. Now, here is the chart shared by Maartunn that shows the trend in the net amount of profit/loss that these Bitcoin whale groups have been realizing through their selling over the last few months: As displayed in the above graph, the Bitcoin New Whales have shown some loss realization spikes recently. This underwater selling from the cohort has come as the cryptocurrency’s price has gone through a decline. The New Whales include the inexperienced hands of the market who tend to easily panic in the face of volatility. It would appear that this quality of the group has held through the latest crash as well. The Old Whales, on the other hand, are considered to represent the resolute side of the network. From the chart, it’s visible that there has been some loss selling from these large dormant entities recently, but its scale has been small compared to the New Whale capitulation. Related Reading: Bitcoin Could Be At Risk Of A Deeper Bear If This Ratio Compresses, Says Glassnode The fact that the presence of the Old Whales has been relatively muted through the bearish shift, as well as the rebound that has followed, could be a signal worth keeping an eye on. Speaking of the recovery, the Bitcoin rally has meant that its price has climbed back above a major on-chain cost basis level. As analyst Ali Martinez has shared in an X post, the Bitcoin UTXO Realized Price Distribution (URPD) suggests a strong amount of buying last occurred at $84,500. In on-chain analysis, strong demand zones below the spot price are considered points of potential support for Bitcoin. Similarly, levels above are assumed to be sources of resistance instead. One such major level is present at $112,300. BTC Price Bitcoin’s recovery has furthered during the past day as its price has returned to $92,300. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
While the crypto market bounces from last week’s correction, Bitcoin (BTC) is attempting to reclaim a crucial area as support to continue its recovery rally. As the flagship crypto faces some resistance, some market watchers have suggested that this week’s close may be key for its end-of-year performance. Related Reading: Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead? Bitcoin Faces Rejection Ahead Of November Close Bitcoin has retested a crucial resistance level for the first time in a week, hitting a one-week high of $93,092 on Friday morning before retracing. The flagship crypto has failed to hold crucial support levels throughout the November corrections, trading below $100,000 for nearly two weeks. A week ago, BTC plunged below $90,000 during the latest market correction, reaching a seven-month low of $80,600. However, the cryptocurrency led this week’s broader recovery, reclaiming key levels over the past few days. Amid its recent performance, some market observers have noted that Bitcoin is currently retesting a crucial re-accumulation region, between $82,000 and $93,000, where the price consolidated after previous pullbacks, including the Q1 market correction. Analyst Rekt Capital highlighted that BTC rebounded more than 7% from the local bottom and has revisited the range high resistance during Friday’s recovery. Now, Bitcoin is attempting to hold the high zone of its local range, retesting the $90,000-$91,000 area as support after being rejected from the key resistance. Previously, he pointed out that last week’s weekly close aligned with the flagship crypto’s monthly range, setting the stage for a potential floor around the $86,000 area, which would develop a new range between this level and the $93,000 resistance. To the analyst, Bitcoin must close the week, which also coincides with November’s monthly close, above $93,5000 and turn this level into support if it wants to further build on its newfound momentum and potentially revisit its two-month downtrend line, which currently sits near the $96,000 mark. “The ~$93500 level happens to be a Four-Year Cycle level. History suggests price should be able to find a way to 12-month close above ~$93500 to finish 2025 green,” Rekt Capital added on X. $98,000 Rally or $88,000 Drop Next? Market watcher Ted Pillows discussed BTC’s short-term future as it faces some resistance around the $92,000-$93,000 levels. To the analysts, reclaiming this area could propel the price towards the $98,000-$100,000 barrier in the coming weeks. On the contrary, he suggested that failing to reclaim this level will send Bitcoin’s price below the $88,000 mark. Earlier this week, Ted warned that this was one of the most important levels to reclaim and hold as support in the short term, as a rejection from this area could trigger a significant drop below the recent lows. Similarly, Daan Crypto Trades noted that the constant sell-off of the past few weeks has created “a ton of marginally lower highs, creating such a big liquidity pocket” between the $97,000-$98,000 zone. This region also aligns with key horizontal price levels in bigger timeframes, making it a “good area to watch,” as BTC continues to consolidate in a relatively tight range. Related Reading: Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump The trader considers that if BTC’s price breaks down, the $88,000 mark could be a good place for a higher low. However, if the price holds above the $91,800 level, it may trigger another retest of the $93,000 resistance. Ultimately, He warned that the market could likely see a “Choppy environment in the short-term surrounding Thanksgiving, which always sees pretty low volume & liquidity.” As of this writing, Bitcoin is trading at $90,500, a 1.1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The company had planned to invest up to $500 million in Uruguay, but cited high energy prices and regulatory hurdles as reasons for its pullout.
From net flows to perp funding, the metrics that explain this bull cycle better than “number go up.” Bitcoin (BTC) price movements are now being pulled by off-chain flows and leverage, not just by classic on-chain signals. Since January 2024, when US spot Bitcoin ETFs launched, the variables that explain why BTC rips or dumps […]
The post The 5 signals that really move Bitcoin now—and how they hit your portfolio appeared first on CryptoSlate.
Bitcoin has managed to reclaim the $90,000 level after days of intense volatility, but upward momentum remains limited as the market continues to battle uncertainty and fear. While bulls have regained some ground, selling pressure is still dominating sentiment, and speculation about the start of a new bear market continues to grow. Many analysts warn that the recent bounce may not be enough to shift the broader trend unless stronger demand returns. Related Reading: XRP Reserves On Binance Collapse To Record Lows: Investors Move Toward Long-Term Holding According to fresh data from Darkfost, short-term stress among investors has eased slightly. The amount of BTC sent to exchanges at a loss has dropped sharply, now sitting around 11,600 BTC—significantly lower than the extreme 67,000 BTC capitulation spike recorded on November 22nd. This decline suggests that panic-driven selling may be cooling off, giving the market a temporary moment of stabilization. However, despite this improvement, Bitcoin still faces strong headwinds. Investors remain cautious, liquidity conditions are tight, and macro uncertainty continues to weigh on risk assets. For now, BTC must hold above the $90K region and show sustained strength to avoid renewed downside pressure. The coming sessions may determine whether this rebound marks the start of recovery—or just a pause before another leg lower. Short-Term Holders Face a Critical Decision Point Darkfost adds that the amount of BTC in profit being sent to exchanges by short-term holders remains relatively low at around 9,500 BTC. However, a slight increase has appeared as Bitcoin climbed back above $90K, showing that some STHs have begun testing the market to secure small gains or reduce their exposure. This subtle shift highlights a growing tension among recent buyers, who must choose between waiting for a full return to break even or selling now to minimize further losses. This situation creates a delicate environment. Even though selling pressure has eased, STHs remain highly sensitive to small price movements, and their behavior often dictates short-term market direction. The past few days have been unusually calm compared to the violent capitulation seen earlier in the month, and that calmness is actually constructive. It suggests that panic has temporarily subsided and the market is trying to find balance. What becomes critical now is monitoring how STHs react as Bitcoin approaches their realized price. If they hold and confidence increases, BTC could gain enough stability to push higher. If they sell aggressively, renewed downside pressure could quickly return. The next move from this cohort will likely set the tone for the coming weeks. Related Reading: Bitcoin Coinbase Premium Still Negative: US Institutions Keep Selling Despite Easing Pressure Bitcoin Attempts Recovery But Faces Heavy Overhead Resistance Bitcoin’s daily chart shows the asset attempting a recovery after reaching a capitulation low near $80K, but the structure remains fragile. Price has reclaimed the $90K area, yet momentum is limited as BTC trades below the 50-day and 100-day moving averages—both of which continue sloping downward, signaling sustained bearish pressure. The 200-day moving average sits higher, reinforcing the broader downtrend that has formed since early October’s $126K peak. Recent candles reflect a hesitant rebound: upward wicks show sellers defending every push toward $92K–$94K, while the tight body ranges highlight indecision. Volume has cooled significantly compared with the panic-driven sell-off earlier in November, suggesting that forced selling has eased but strong buy-side conviction is still missing. Related Reading: Major Bitcoin LTH Sell-Off Signals Cycle Exhaustion as Supply Drops to 13.6M BTC Structurally, BTC remains below key resistance clusters formed during its previous consolidation. Reclaiming these zones will be essential for invalidating the bearish trend. Until then, every bounce risks becoming a lower high within a broader corrective structure. On the downside, the $85K–$87K region remains the most important support. A breakdown below it could reopen the path toward deeper corrective targets. For now, Bitcoin is attempting to stabilize, but bulls must reclaim higher levels soon to shift market sentiment and avoid renewed downside pressure. Featured image from ChatGPT, chart from TradingView.com
In the rapidly evolving landscape of digital finance, Ethereum is quickly establishing itself as the primary infrastructure for global on-chain capital markets. From tokenized bonds and money market funds to institutional liquidity rails, the world’s capital is beginning to migrate to an ecosystem where transactions are programmable, auditable, and borderless. Why Is Ethereum Chosen As The Default Choice For Global Rails The global capital markets are moving on-chain to Ethereum because it is credibly neutral. ETH has never experienced downtime, and it possesses the economic security necessary to support the world’s financial system. Investor and founder of GM42NFT, Captain GM, has stated that ETH is not fast enough to support trading because it wasn’t built for it. Related Reading: Ethereum Price Falls 25% But On-Chain Data and Institutional Staking Signal Q4 Recovery Potential However, the attempts to build a genuinely fast on-chain trading environment have consistently led teams to centralize significant parts of the trading system. This move creates security, reliability, and neutrality concerns for a system designed to be global. These compromises are in direct conflict with the very benefits that ETH provides, and make it the chosen blockchain for global finance. This is where Raya Network steps in to solve these issues at the core. Raya is delivering a decentralized exchange (DEX) with institutional-grade execution speed and Ethereum-level security. It’s a platform that is as fast as TradFi and remains simultaneously secure, reliable, and credibly neutral as exactly DeFi should be. “Fast is easy, decentralized is hard, and it’s only Reya that does both,” Captain GM noted. Analyst Alucard mentioned that the Raya network has become one of the few projects that genuinely solves the speed and security problem. The sub-millisecond execution speeds, trades are fully verified on ETH, and there’s no dependence on a single sequencer. This is an engineered combination designed for real progress in the space. However, over 45% of the token supply is allocated to the community. Reya, combined with the ETH buyback mechanism, creates an ecosystem that’s aligned both technically and economically. They’re building something fast and secure, and because of that, Reya sits in a different category. Why Reya’s Design Feels More Like A New Standard Than Another DEX A trader and ambassador of Somnia, Onur, has also explained that his experience with Reya feels like a full redesign of on-chain execution rather than a small improvement. It offers sub-millisecond fills, unified margin, Ethereum security with ZK settlement, and smooth flow through EigenDA. Related Reading: Ethereum Price Attempts Fresh Recovery as Bullish Pressure Builds According to Onur, the peer-to-pool model keeps trades consistent, efficient, and free from bottlenecks or hidden edges. As a result of this approach, Reya isn’t just another venue anymore, and it’s actively becoming the new execution standard for DeFi. Featured image from Peakpx, chart from Tradingview.com
The UK will require crypto platforms to report all activity from domestic users starting in 2026, as tax authorities worldwide tighten oversight of digital assets.
OpenAI said a Mixpanel breach exposed API user metadata—and urged customers to watch for phishing attacks.
The Bitcoin price has recently stabilized above the $90,000 mark, sparking renewed optimism among bullish investors. Analysts at BTIG have suggested that this rebound could propel Bitcoin towards its ambitious target of $100,000. Bitcoin Price Positioned For ‘Reflex Rally’ Jonathan Krinsky, an analyst at BTIG, expressed confidence that the Bitcoin price is positioned for a continued “reflex rally,” potentially reaching $100,000 in the short-term. Historical data indicates that Bitcoin typically reaches a bottom around November 26, gaining momentum as the year comes to a close. This seasonal pattern further bolsters the prospects for the cryptocurrency in the coming weeks. Related Reading: Hyperliquid (HYPE) Ready For A Significant Surge To $50: Key Levels Identified Another focal point for BTIG is Strategy (previously MicroStrategy), which the analyst views as a candidate for a mean reversion trade. The firm maintains a buy rating on MicroStrategy with a price target set at $630. The analyst also highlighted that the week of Thanksgiving often aligns with momentum resets for digital assets, reinforcing expectations for a tactical upward movement into December. Reversion Ahead To $50,000 Adding to the optimistic outlook, market analyst Rekt Capital recently mentioned that if the Bitcoin price can reclaim its position above the $94,180 mark, it would flip the 2025 yearly candle into a green one, substantiating theories of a potential rally for the leading cryptocurrency in the waning days of the year. However, Bitcoin must navigate certain hurdles to sustain this momentum. Rekt noted that for Bitcoin to build on its current prospects and approach the Macro downtrend line, it would require a weekly close above approximately $93,500, turning that level into support, similar to patterns observed in previous green cycles. Related Reading: Bitcoin Price Future: The Polarized Predictions Between Bulls And Bears—Who Will Prevail? At the same time, Mike McGlone, an analyst at Bloomberg, has voiced concerns on social media regarding the Bitcoin price trajectory for the coming days. He suggested that a typical reversion to around $50,000 might be in the books now, emphasizing Bitcoin’s close correlation with the S&P 500. McGlone pointed out that the S&P 500’s 120-day volatility was at its lowest year-end level since 2017, indicating potential headwinds for Bitcoin. Featured image from DALL-E, chart from TradingView.com
Bitcoin may be closing in on a new all-time high after moves in the derivatives market and fresh buying from large holders, according to market watchers and on-chain data. Related Reading: Crypto Wins Big: Thailand Moves To A 0% Tax On Local Exchange Gains Max Keiser, a long-time Bitcoin advocate, pointed to a filing by Nasdaq to increase options limits for BlackRock’s IBIT to 1 million contracts — a jump that represents roughly a 40x expansion from prior levels — as a key development that could remove barriers to bigger institutional flows. Options Market Expands Significantly According to Nasdaq paperwork and public commentary, the previous 25,000 contract cap had been seen by some as too small for rising volume. Market experts argued that earlier limits were “discriminatorily small” and suggested that 400,000 contracts would be a more reasonable baseline given current demand. Some described the change as a move that could place IBIT into a mega-cap derivatives category, unlocking follow-on effects for how banks and funds structure exposure to bitcoin. I first explained this in 2017: Now that BTC derivatives market was just expanded by 40x New ATH’s are in play. **November 2, 2017** Max Keiser first discussed Bitcoin market makers needing to expand their inventory to support higher prices in this X post: “Wall St traders… https://t.co/aBQ5DdSDay — Max Keiser (@maxkeiser) November 27, 2025 Banks And Market Makers React Market makers will be able to hedge larger positions without hitting the old size wall, which can lower spreads and deepen available liquidity. Based on reports, that also means banks can build structured notes that use IBIT as a reference without tripping existing risk caps — and JPMorgan is reportedly preparing Bitcoin-backed structured notes that would track BlackRock IBIT. Those products could channel steady, institutional flows into the market rather than one-off spikes. On-Chain Buyers Step In According to Glassnode’s Accumulation Trend Score by cohort, holders of 10,000 BTC or more have flipped to net accumulation and now show a score of 0.8, signaling strong buying. The 1,000 to 10,000 BTC group has also turned positive for the first time since September, while the 100 to 1,000 BTC cohort has been in active accumulation since October and continued buying through recent declines. Even retail holders with less than 1 BTC are showing their strongest accumulation since July. Price Action And Value Zones Bitcoin’s price behavior supports the buying narrative. The token fell into the low $80,000 area that served as support in May and then climbed back above $90,000 quickly, which many traders took as a sign that the market sees value in the $80,000 zone. Based on reports, the average cost basis for US spot bitcoin ETFs was near $82,000, and that figure has been cited as a reason institutions found the dip attractive. Related Reading: Bitcoin Faces More Downside After Recent Crash, Data Shows Market Risks And Short-Term Noise Keiser had warned previously that when size limits blocked hedging, the market would be prone to pullbacks — and some analysts say that is part of the reason for recent volatility. Expanding the options cap allows volume sellers to enter more smoothly, which could reduce erratic swings but will not erase market risk. Price spikes are still possible and downside moves remain a real threat if flows slow or macro conditions shift. Featured image from Gemini, chart from TradingView
Analysts expected more Solana ETFs to go live in 2025, as investors chase yield-bearing opportunities through staking and network validation.
The project utilizes a blockchain infrastructure developed with Tanssi's technology, enabling predictable transaction fees and reliability, rather than relying on public blockchains.
The tokenized share class provides investors with blockchain-based access to Amundi’s euro cash fund, enabling faster, round-the-clock trading.
Bitcoin (BTC) price has recorded heightened volatility on Friday fueled by the CME Group outage. The flagship coin surged as much as $93k before dropping to reach a daily low of around $90.2k. Bitcoin Price Eyes $100k in December Fueled By Robust Fundamentals According to the BTIG firm, the Bitcoin price is well-positioned to rebound …
Cleanspark, Riot, Cipher and Circle rose higher as the odds of a US rate-cut in December reached its highest level of the month on the prediction market.
A former FC Barcelona board member hit out at the deal with ZKP on social media, highlighting the firm's “unknown” ownership.
A long-term structural analysis suggests the Dogecoin price may be approaching a critical point in this market cycle. With price action compressing and volatility fading, a crypto analyst’s wave-based assessment suggests that DOGE is preparing for an explosive surge toward $10 and beyond, driven by a third-wave deadlock. Third Wave Deadlock To Fuel Dogecoin Price Rally Crypto market expert EtherNasyonal has stated that Dogecoin remains trapped within a third-wave deadlock. This means the cryptocurrency has not yet shown the decisive movement that typically follows a strong wave. Instead, it continues to trade in a tight range without confirming a clear breakout as the price remains confined to the lower region of the ascending channel. Related Reading: Dogecoin Falling Wedge Formation Says Expect 80-90% Rally In The Coming Days The analyst shared an Elliott Wave chart highlighting Dogecoin’s long-term trajectory and price targets above $10, based on a multi-year channel model. His analysis highlights three major waves that define the meme coin’s macro structure. The first wave, which started in 2014, saw an early breakout in 2017, while the second wave triggered the explosive 2021 bull rally. The price action that followed transitioned into the current third wave, during which Dogecoin remains locked in a consolidation zone as it awaits the wave’s completion. If historical patterns were to repeat, EtherNasyonal suggests that Dogecoin could see a third-wave breakout. His chart analysis reveals an ascending channel pointing to several upward targets. If the cryptocurrency manages a breakout, the channel points to an initial target around $0.5, followed by higher targets ranging from $1.2 to over $16. The analyst has also stated that the third-wave breakout will define the strength and direction of Dogecoin’s next major trend. Analyst Says Dogecoin Will Reach $1 By 2026 A fresh analysis from crypto market expert Trader Tardigrade focuses on a less ambitious price target for Dogecoin and on a different timeframe. His weekly chart shows that the meme coin has repeatedly bounced off a long-standing ascending support line. Each of these past rebounds has triggered significant rallies in the Dogecoin price. Related Reading: Dogecoin’s 6,500% Surge: The Road That Leads From $0.15 To $10 This Cycle In November 2024, the meme coin skyrocketed by 86.77%. Just four months later, in March 2025, Dogecoin launched another impressive rally, climbing 210.52%. The momentum continued in November of the same year, with the price surging by 442.48%. Trader Tardigrade notes that Dogecoin has returned to this launchpad area once again, testing the same trendlines that previously ignited strong upward movements. If the historical pattern holds, the analyst predicts DOGE could hit $1 by Q1 2026. His chart shows a potential 611.80% from present levels around $0.15. Although the meme coin is currently in a slump, having lost more than 20% over the past month according to CoinMarketCap, Trader Tardigrade remains confident in its long-term outlook. A move toward $1 would signal a decisive bullish reversal, restoring investor sentiment and overturning the prevailing downtrend. Featured image from Getty Images, chart from Tradingview.com
The fire forced the facility to go offline to maintain safety, but none of the company's mining hardware was damaged in the incident.
A pseudonymous analyst has set off a new narrative around Ethereum’s upcoming Fusaka upgrade, arguing it could be the most favorable event ever for ETH as an asset by finally turning Layer-2 networks into meaningful ETH burners. On X, crypto pundit Kira Sama framed Fusaka, scheduled for December 3, as a structural shift in Ethereum’s fee economics. The core of the thesis is a single change: EIP-7918. “Price wise, Ethereum Fusaka upgrade on december 3rd, will be the most bullish upgrade for eth the asset ever, why? One reason. ‘EIP 7918’,” Kira wrote, calling it “the next big catalyst for eth burn.” Ethereum L2 Will Burn ETH Kira’s argument rests on how Ethereum currently treats L2s. Since the rollup-centric roadmap took shape, Ethereum’s base layer has effectively subsidized L2 data availability. In his words, “for a long time, ETH L1 charged zero base fees to L2s, while L2 deployers made millions of profits. So L2s haven’t burnt any meaningful eth.” That subsidized regime has fueled explosive L2 growth but also limited how much L2 usage translates into ETH burn. Related Reading: Ethereum Is 58% ‘Undervalued’ Based On Intrinsic Metrics, Says Hashed CEO EIP-7918 is designed to change that by tying L2 data costs more tightly to mainnet gas prices. Kira summarizes it as follows: “L2 fees will be bounded by the execution cost which will help us reach L2 fees price discovery faster. It also helps maintain the fees during spikes so that L2 users won’t be rugged from absurd tx fees. Win-win.” In practice, that means rollups will face a non-trivial, protocol-enforced minimum on what they pay Ethereum for posting their batches. Crucially for ETH holders, those fees are paid in ETH and a portion is burned under the EIP-1559 mechanism. Kira argues that as L2 throughput scales, this will become a dominant driver of ETH’s burn dynamics: “They will just pay their fair share to Ethereum L1 and burn meaningful eth. It will be slow and steady at the beginning. This will eventually result in burning millions of dollars of eth long term and L2s will be main driving force of making eth deflationary.” Related Reading: Ethereum Price To Recover Or Crash? The Real ‘Leverage Point’ Investors Should Know About The narrative becomes more aggressive when Kira extrapolates to corporate and institutional rollups. He lists a series of existing and anticipated L2s and claims that “Coinbase’s base will burn eth, Robinhood’s L2 will burn eth, OpenAI’s Worlchain will burn eth, Sony’s Soneium will burn eth, Alibaba’s Jovay will burn eth, UAE’s ADI chain burn eth, Kraken’s Ink will burn eth, Lighter will burn eth, Deutsche Bank’s Memento chain will burn eth, Arbitrum will burn eth etc etc etc. Corporations will start burning eth.” From that, he extends the thesis to a broader, highly bullish vision: “Every company in the world will launch their own layer 2. Every alt-L1 will become L2 and start burning eth. Eth inflation will shrink.” While those universal claims go far beyond what the upgrade itself guarantees, they capture the heart of the bullish narrative: if enough economic activity migrates onto Ethereum-secured L2s that must pay non-negligible base fees, Ethereum becomes the settlement and value-capture layer beneath corporate and institutional chains. Kira explicitly compares Fusaka to the London hard fork that introduced EIP-1559 in 2021. “When Ethereum introduced burn through eip-1559 in 2021, it lifted the whole market up,” he wrote. “Everyone will be caught off guard this time as well. L2s burning eth incoming. Bullish eth. Bullish L2s.” For now, Kira is clear about his own conclusion: “December 3rd, tik-tok. The ticker is ETH.” At press time, ETH traded at $3,022. Featured image created with DALL.E, chart from TradingView.com
Bitcoin recovered after four consecutive weeks in the red, surpassing the key $89,600 flow-weighted cost basis of Bitcoin ETF holders, the most significant cohort driving BTC inflows.
Bitcoin dominance drops to the 23.6 Fibonacci level and 59% overall, signaling early altcoin rotation as market leadership shifts.
The post Bitcoin dominance dips to 23.6 fib level, signals potential altcoin rotation appeared first on Crypto Briefing.