The crypto market is preparing for a potential “Santa Claus rally” — a traditional December upswing that, according to analysts, could be amplified by strategic accumulation, expectations of monetary easing by the Fed, and new economic initiatives in the U.S., CoinDesk reported.
Ki Young Ju drew attention to significant pressure from large Bitcoin holders. The so-called whales began selling BTC worth billions of dollars when Bitcoin reached $100,000. This created an oversupply of the first cryptocurrency on the market, becoming one of the reasons for Bitcoin’s 20–30% correction from its all-time high of $126,025, the businessman suggested.
Today, the price of XRP, the fourth-largest cryptocurrency, increased by 12%, surpassing the $2.55 level. This growth was driven by the fact that the Depository Trust & Clearing Corporation (DTCC) listed several applications for spot exchange-traded funds (ETFs) based on XRP.
Zcash (ZEC) has become one of the standout stars of the digital asset market, and despite its powerful surge, it might still be a good investment opportunity.
According to Michael Saylor, major banks such as JPMorgan, Bank of America, Wells Fargo, and BNY Mellon are currently preparing to work with Bitcoin — and this, he believes, will be the catalyst for the next bull market.
According to experts, the realized capitalization of Bitcoin — a metric reflecting the actual value of invested funds and the profit or loss of holders — has once again become a key indicator for assessing market cycles.
Bitcoin surged sharply on Thursday to a seven-week high, supported by "Uptober" optimism and expectations of increased liquidity in crypto markets following the U.S. government shutdown.
Litecoin was trading at $117.24 at 03:24 (00:24 GMT) on Thursday on the Investing.com Index, up 10.10% for the day. This marked the sharpest daily gain for the cryptocurrency since July 19.
Currently, Cardano (ADA) is attempting to recover from recent losses and break above the resistance zone at $0.82. At the time of writing, the altcoin is trading at $0.8143, down 7.6% over the past week.
XRP is trading at $2.87, up 2% over the past 24 hours. The growth came after whales accumulated 30 million tokens, while trading volume jumped 18% to $7.53 billion.
The cryptocurrency Solana has regained momentum, breaking key resistance levels and attracting attention from institutional buyers. On Tuesday, September 16, SOL traded at $234.85, adjusting after reaching an eight-month high of $249.12 two days earlier.
Bulls have returned to the cryptocurrency market, and Dogecoin is now among the most profitable assets. Over the past 24 hours, the meme coin’s price has risen by nearly 14%, marking the best performance among large-cap cryptocurrencies.
Analyst Michaël van de Poppe addressed a question that interests many traders — at what price it makes sense to buy Ethereum after it has set a new all-time high.
Ethereum was trading at $4,642.23 at 19:02 (16:02 GMT) on Investing.com Index on Friday, marking a 10.04% gain for the day. This was the sharpest daily increase in the cryptocurrency since May 10.
Analysts have drawn attention to the Long-Term Holder Realized Profit & Loss metric, which makes it possible to assess the stages of Bitcoin’s (BTC) market cycle. This indicator records the volumes of realized profits and losses among long-term holders and has previously helped identify cycle tops and bottoms.
Ethereum surged close to record highs on Wednesday amid a wave of buying as corporate entities began accumulating the world’s second-largest cryptocurrency, mirroring the strategy used for Bitcoin.
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