Ether rebounded 16% to reclaim $3,000 as whales accumulate heavily, exchange supply hits nine-year lows and network activity surges.
Bitcoin approached $90,000 amid Santa rally speculation, backed by bullish derivatives and chart patterns that target a BTC price above $100,000.
Bitcoin continued to sell near $90,000 as investors reacted to weak US jobs data and slowing economic growth by shifting into safer assets.
Bitcoin’s onchain data reveals new BTC whales with 50% of the realized capital, highlighting a shift in how capital is shaping the market.
Bitcoin’s 36% drawdown from its all-time highs resulted in the relative strength index flashing a potential bottom signal not seen since early 2023.
Bitcoin briefly clinched $90,000 after the November Consumer Price Index report showed a drop in US inflation, but the essential components for an extended rally remain elusive.
ETH rebounded toward $3,000 as stocks reacted positively to a cooler-than-anticipated CPI print, but this week’s $553 million spot Ether ETF outflow could keep a cap on prices.
Ether has dropped below $3,000 and is down 42% from its record high, prompting traders to question where the next bounce zone for the ETH price might be.
XRP looked increasingly bearish below $2, with multiple indicators suggesting that a downward move toward $1 was possible in the coming weeks.
SOL falls behind multiple altcoin competitors as its onchain activity, fee and DApp revenues slump. Cointelegraph explains why.