Birose159

@birose159

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SOL was one of the few tokens to achieve a new all-time high in 2024, reaching $264.50 on Nov. 22. However, the momentum could not be sustained, with SOL underperforming as the broader altcoin market cap rose 18% since Nov. 22, while SOL price fell 12%.

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If bulls want to prevent the downside, they will have to swiftly push the price back above $0.000028. The pair could then climb to $0.000033, which is expected to pose a strong challenge.

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“We’re really waiting to see that exuberant move, and then we’ll look at that rotation of capital,” crypto exchange Swyftx lead analyst Pav Hundal told Cointelegraph at Aus Crypto Con 2024.

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Altcoins will swing between big rallies and pullbacks until Bitcoin confirms a breakout past the $100,000 mark, according to a crypto analyst.

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Meanwhile, leveraged spot Ether ETF demand has increased 160% since Trump’s election victory, K33 Research noted on Nov. 28.

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“[This] sends a strong signal of a potential DeFi renaissance under a Trump presidency.”

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President-elect Donald Trump and his sons would benefit from a more robust DeFi ecosystem because of their involvement in DeFi protocol World Liberty Financial, Thielen said.

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Markus Thielen, 10x Research founder, said crypto privacy mixer Tornado Cash’s partial court victory likely contributed to Ethereum’s price rally as it is the dominant decentralized finance (DeFi) chain.

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Despite the recent slowdown, spot Bitcoin ETFs have still had a record-breaking month with more than $6.2 billion of net inflows in November — which includes an eye-popping $3.1 billion of inflows last week.

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An industry executive attributed the price gain to Ethereum-based Tornado Cash’s recent court victory in the United States, along with reports that crypto advocate Paul Atkins may replace Gary Gensler and lead a more crypto-friendly Securities and Exchange Commission (SEC).

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Spot Ether ETFs took in $224.9 million in net inflows over the four trading days between Nov. 22-27, while spot Bitcoin ETFs tallied $35.2 million in net inflows due mainly to a heavy day of outflows on Nov. 25, Farside Investors data showed.

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Ether exchange-traded funds (ETFs) have seen more money from investors than their Bitcoin counterparts since Nov. 22, as Ethereum’s decentralized finance (DeFi) ecosystem scored a key victory in a US court this week.

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The Decentralized AI Society (DAIS), a newly-formed nonprofit at the nexus of blockchain and artificial intelligence, plans to launch a regulatory pilot in Bermuda and an AI venture fund next year, Michael Casey, DAIS’ co-founder and chairman, told Cointelegraph in an interview.

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Both initiates aim to combat what Casey describes as the looming threat of centralization in AI models, which are permeating society at a rapid clip.

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For the AI fund, DAIS is “exploring how decentralized economic groups can raise capital effectively without falling into the same traps as the traditional [venture capital] model,” Casey said.

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However, Martinez also postulates that BTC could nullify the sell signal by the TD Sequential and avoid a major corection by closing above $100,535 on the 12-hour daily chart. Considering Bitcoin’s recent price movement and events such as excitement around Donald Trump’s electoral victory alongside increased ETF inflows, an uptrend continuation is definitely a strong possibility.

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According to data from CoinMarketCap, BTC trades at $98,213 reflecting a 0.44% decline in the past day. In tandem, the asset’s daily trading volume is valued at $44.02 billion having declined by 43.14%. However, Bitoin remains largely profitable for long-term holders with gains of 45.06% in the past 30 days. With a market cap of $1.95 trillion, the premier cryptocurrency remains the world’s largest digital asset.

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The fact that $DOG pumped so hard on just a futres listing is exact proof of what I have been telling you for months Runes listing depth is ultra tin If Kraken futures added hundreds of millions of marketcap What do you think happens to the ecosystem with Binance spot?

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A warm Farcaster welcome to @eleonidas950!

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Then, Bitcoin broke out and hit $71,075, its best performance over the last four months. According to CoinGecko, Bitcoin’s latest price movement this Tuesday is backed by $51 billion in trading volume, double the amount generated on Monday.

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