$BITCOIN Bitcoin is seeing short-term downside, mainly due to renewed mining restrictions in China. Authorities shut down a large number of mining operations, especially in Xinjiang, forcing many miners offline in a short time. As a result, network hashrate dropped around 8%. When miners are pushed offline: Revenue stops Cash is needed to relocate or cover costs Some $BTC BTC gets sold, creating temporary sell pressure This is a supply-side shock, not a demand problem. We’ve seen this before: China crackdowns cause short-term volatility, the network adjusts, and Bitcoin moves on. Short-term pain is possible, but long-term fundamentals remain strong. #BTCVSGOLD #Binance #bitcoi
Crypto researcher SMQKE (@SMQKEDQG) has reignited discussion by suggesting that SWIFT could move toward Ripple-based infrastructure as part of a global digital upgrade.$XRP The idea gained attention after Matthew Le Merle highlighted Ripple’s role in the shift toward tokenized and real-time financial systems. He explained that traditional finance is actively evolving, not being replaced, as major institutions explore blockchain-based settlement solutions. While there’s no official confirmation, the discussion underscores a growing trend: global payments are moving toward faster, digital, and real-time networks—where Ripple remains a key player
ETH Market Insight: Key Liquidity Levels and Potential Rebound
$ETH Hello crypto enthusiasts! As anticipated, the market experienced a sharp drop before today’s close, triggering significant liquidations (see screenshot 1). The market has now absorbed nearly all liquidations below the current levels (see screenshot 2). Zooming out to a higher timeframe (see screenshot 3), we notice strong liquidity zones around $3300 and $3461. If ETH can hold these levels, a rebound may be on the horizon. The daily candle closing near these zones might give traders the impression that the downtrend will continue, prompting them to open short positions. This could lead to a sudden upward move as those shorts get liquidated—a classic short squeeze scenario.$BTC Traders should monitor ETH closely in the coming sessions for potential opportunities. #ETH #CryptoTrading #Binance #MarketAnalysis
$BTC I’ve been closely watching Bitcoin on the 4H timeframe, and the chart keeps getting more and more bullish. The rising triangle structure is still intact, and BTC continues to print a clean series of higher lows. This is a strong signal that the bullish momentum is steadily increasing.$ETH Bitcoin has been battling two major resistance levels on its way toward the $100,000 zone. The first one was $91,350, and today’s move above this level shows that this barrier is no longer holding the price back. The next important resistance sits around $94,500, a level BTC has tested several times over the past few days.$XRP With higher lows forming and momentum rising, the market is clearly setting up for another breakout. Once $94,500 is cleared, Bitcoin is likely to push toward $98,000 and get much closer to the 100K mark.$bit A slow, steady climb looks very possible here. As Bitcoin continues to rise, the altcoin market should also gain strength. There’s a high probability that we’ll see strong market-wide bullish action this month — especially starting from 15 December onwards. The relief rally is fully confirmed, and the next phase seems to be continued growth and higher prices. Thank you for the support. Namaste. ✅ Trade BTC here