JUST IN: Acting CFTC Chairman Caroline Pham announced that the US regulator its actual delivery guidance for cryptocurrency transactions. #cryptofinance
$XRP , one of the most popular altcoins, is in the red on every single timeframe, according to recent data provided by CoinGecko. It is down 3.1% over the past 24 hours, 7.1% over the past week, nearly 19% over the past month, and nearly 12.5% on a year-to-date basis. Such underperformance is quite stunning considering that XRP was supposed to benefit from significant ETF hype. As reported by U.Today, XRP ETFs have already surpassed a total of $1 billion in net assets. Meanwhile, more spot-based products from issuers of the likes of Canary Capital are on track to be launched in the near future. Falling below BNB BNB, the native token of the BNB Chain ecosystem, also narrowly overtook XRP in market capitalization earlier today.
However, XRP is now back in fourth place at press time, according to the most recent CoinGecko data. Collapsing fees There has been an 89% decline in XRP's daily transaction fees to 650 XRP (90-day SMA), the lowest since December 2020. The "total fees paid" metric serves as a proxy for overall network activity and utility. High fees indicate bustling usage. On the other hand, low fees could signal waning demand. $XRP #XRPRealityCheck
We previously covered the HumidiFi sale, and the token has finally been listed on exchanges. A total of 4,100 people participated, with a maximum allocation of $500 per account.
🔥 On average, each account earned around $500–600 in profit.
Even in a stagnating market, opportunities like this still appear - the key is not to miss them. Sure, a bit of luck helps, but persistence matters most!
🔹 Vitalik Buterin proposed a mechanism for hedging gas-fee volatility in Ethereum
💎 Ethereum co-founder Vitalik Buterin introduced the idea of “fee prediction markets,” which would allow users to hedge against future spikes in gas fees.
💎 The initiative creates opportunities both for risk hedging and for speculation on changes in network fees. $ETH
#Metaplanet Stock Jumps 12% as mNAV Climbs to 1.17, Highest Level Since Crypto Crisis Bitcoin rebound and equity momentum push Metaplanet valuation multiple to 1.17 to highest level since October. #metaplanet
📈 JPMorgan, the global investment bank, has expressed a bullish outlook on Bitcoin, suggesting it could rise towards $170,000 in the coming months. This optimism is linked to Bitcoin's similar trading patterns to gold and recent shifts in market dynamics. The bank acknowledged that risk aversion and uncertainty surrounding Strategy's Bitcoin stance have impacted market sentiment.
Our volatility-adjusted bitcoin comparison to gold metric continues to imply a theoretical bitcoin price of close to $170K, suggesting significant upside for bitcoin over the next 6-12 months, the strategists led by Nikolaos Panigirtzoglou stated.
📉 They also addressed concerns about Strategy's potential reduction of its BTC holdings due to its narrowing stock premium. However, JPMorgan noted that Strategy's recent $1.4 billion cash buildup decreases the likelihood of forced sales. Additionally, they highlighted the upcoming January 15 MSCI review that could impact companies with significant digital-asset exposure.
🔄 As of now, Bitcoin is trading at $89,712. JPMorgan pointed out that its gold-like behavior often emerges during market stress. Previous instances of macro volatility have driven investors towards crypto as an alternative. While a negative MSCI decision or significant selling by Strategy could lower prices, a favorable ruling might help Bitcoin recover its previous highs.
💪 Pro-crypto advocates argue against prevailing bearish sentiments by emphasizing increasing institutional adoption, a maturing market structure, and Bitcoin's limited supply as long-term resilience factors. #BTCVSGOLD $BTC
For today’s Trading Strategies Deep Dive, let’s discuss #TradingStrategyMistakes . Mistakes are an inevitable part of every trader’s learning curve. Reflecting on and sharing these experiences can help improve strategies and avoid repeating errors. 💬 What trading strategy mistakes have you made, and what lessons did you learn? Share your experiences to help others grow. 👉 Create a post with #TradingStrategyMistakes and share your insights to earn Binance points! (Press the “+” on the App homepage and click on Task Center) 🔗 Full campaign details here.