Rise’n’Crypto

Bitcoin closed out its biggest-ever monthly USD gains at more than $26,000, yet the signs say the market is not overheated. In fact, some technical indicators suggest we're readying for a sizeable rally. Outside of Bitcoin, things may be even more interesting. NFTs continue their ascent in monthly sales volume as the floor for some blue chip collections elevates as well. Then there is the renewed discussion over altseason, as tokens like XRP and XLM have gone parabolic in the past 30 days, enriching Grayscale's robust portfolio.

Further reading:

• Bitcoin smashes records with biggest-ever $26K monthly BTC price gain
• Biggest US dollar gains ever — 5 Things to know in Bitcoin this week
• NFTs hit $562M in monthly sales volumes, recording six-month high
• Bitcoin dominance hints at ‘altseason,’ analysts eye XRP price rally into 2025
• Grayscale’s crypto portfolio up 85%, driven by triple-digit altcoin gains

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

Bitcoin's continued recovery in the past 24 hours has given analysts and traders cause to look behind the curtain of the market. It seems that Bitcoin whales aggressively took advantage of the panic-selling we saw when Bitcoin fell close to $90,000, scooping up $1.5 billion worth. Also on Bitcoin, the Cardano founder said Bitcoin DeFi will eclipse the rest of crypto DeFi within the next few years, helping propel the price ever higher. Elsewhere, open interest for Ethereum has been growing rapidly, overtaking Bitcoin by a decent margin, which may hint at a $4,000 price tag some day soon, and an ex-Binance employee sued the UK arm of the exchange for unfair dismissal while alleging bribery.

Further reading:

• Bitcoin price retains 8% gains as attention switches to Ethereum comeback
• Bitcoin whales 'took advantage' of $90K BTC price dip, scooping up $1.5B
• Cardano founder predicts Bitcoin DeFi will dominate crypto within 3 years
• Ether to breach $4K before Trump’s inauguration — Analyst
• Ex-Binance employee sues UK exchange, alleging bribery: Report
  
  

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

The Bitcoin slump didn't last long! After sliding to $90K on Nov. 26, the past 24 hours have been more positive and there are signs we've seen the local bottom. As Bitcoin approaches that hallowed six-figure price tag, many portfolios are way up, and Pantera Capital's rivals any of them, as shown in a blog post by its CEO. Elsewhere, Tether discontinued support for the EURt stablecoin and we ask a MiCA expert why, Vancouver wants to become a "Bitcoin-friendly city," and a memecoin trader turns $160 into $5.6 million with a viral token.

Further reading:

• Bought the dip? 3 signs that $90K Bitcoin price was the local bottom
• Buying Bitcoin in 2013 was like buying ‘gold in 1,000 BC’ — Pantera CEO
• Tether discontinues support for euro-pegged stablecoin EURt
• Vancouver mayor plans to introduce ‘Bitcoin-friendly city’ plans
• Solana memecoin trader turns $160 into $5.6M with viral token

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

It has been a tumultuous 24 hours for Bitcoin, which nearly dropped out of the $90K range as long-term holders took huge profits. But, it seems, primarily "long-term holders" in a technical sense, as the real veterans are as diamond-handed as ever. And for good reason, because it seems the recent correction has not done much damage to Bitcoin's odds of a $100K price tag before 2025. Outside of BTC, we look at Binance delisting five tokens and sending them tumbling, Brazil considering a Bitcoin reserve and Tornado Cash getting a court victory in the US.

Further reading:

• Bitcoin $2B daily profit-taking involves mostly new hodlers — Research
• Bitcoin has a 50-50 chance of reaching $100K by year-end: Options data
• Binance delisting sends five tokens tumbling 40%
• Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
• Big victory in Tornado Cash case as judge says OFAC exceeded authority

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

The past 24 hours have not been pleasant for Bitcoin, seeing its value fall $5,000 over the course of the Nov. 25 daily candle as well as the biggest day of spot Bitcoin ETF outflows since the US election. The focus has shifted to the local floor and what will happen if the price drops below it. On the more positive side, MicroStrategy continues to stack the sats with another $5.4B purchase of Bitcoin! Elsewhere, Pump.fun's memecoin "freak show" may lead to criminal charges according to some legal experts, and Dogecoin futures open interest hits an all-time high, but is that good or bad for the price?

Further reading:

• Bitcoin price dip fails to squeeze leverage as $92.5K becomes ‘pivotal’
• Spot Bitcoin ETFs see $438M outflows — biggest since US election
• MicroStrategy expands Bitcoin holdings with $5.4B purchase
• Pump.fun’s memecoin freak show may result in criminal charges: Expert
• Dogecoin futures open interest hits all-time high — Is it a top signal for DOGE?

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

The weekend didn't bring the anticipated $100K price tag for Bitcoin. In fact, we saw a retracement as we neared the weekly close. This caused some heavy liquidations in the space, particularly with altcoins, but the dawn of a new week has (so far) returned us to that chase for the elusive six-figure price tag. While on Bitcoin, a team of researchers suggests that Satoshi Nakamoto didn't go dormant and that he's been strategically selling from old wallets since 2019. Also, Wrapped Bitcoin (WBTC) has been going through a difficult period as it was delisted from Coinbase and then experienced a flash crash on Binance! Finally, we'll look at the latest update on the seminal Alexey Pertsev and Tornado Cash case.

Further reading:

• Who cares about $100K? 5 Things to know in Bitcoin this week
• Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge
• New Satoshi theory suggests it’s been the ‘2010 megawhale’ all along
• Coinbase to delist Wrapped Bitcoin
• Wrapped Bitcoin flash crashes to $5K on Binance exchange
• Court prolongs Tornado Cash developer Pertsev’s pre-trial detention

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

The past 24 hours saw Bitcoin come within spitting distance of the $100K milestone, continuing one of the best Novembers on record while attracting short positions that may risk a "violent breakout." But don't be fooled: Bitcoin isn't the only thing worth your attention. United States SEC Chair Gary Gensler resigned ahead of President-elect Donald Trump taking office in January, and the SEC's broker-dealer rule was tossed by a US court. Also, the UK — not wanting to be left behind — promised a crypto regulatory framework by early next year. And finally, Solana hits new all-time highs in one of the greatest redemption arcs in crypto's history.

Further reading:

• Bitcoin prints record 40% monthly candle as price crosses $99K
• Bitcoin counts down to $100K BTC price as shorts risk 'violent breakout'
• SEC Chair Gary Gensler to step down
• SEC broker-dealer rule struck down by US courts, big win for crypto
• UK to deliver comprehensive crypto regulation framework by early 2025

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

Bitcoin has been highly volatile in the past 24 hours, particularly on the back nine, but very much in crypto's favor as it chases a six-figure price tag. So, to start with, I'll take you through some of the reasons for the momentum, what's going on behind the scenes of the markets and what might happen if and when the $100K threshold is breached. Outside of Bitcoin, Trump considers a dedicated crypto post within the White House, Japan looks to overhaul its "nebulous and variable" crypto taxes, and a Coinbase scammer who claims to make five figures per week from his exploits chats with a potential victim.

Further reading:

• A perfect storm is brewing for Bitcoin
• Bitcoin 'teleportation' due as traders bet on BTC price passing $100K
• Trump mulls creating first White House crypto post: Report
• Japan passes stimulus package, commits to crypto tax reform
• Coinbase scammer claims to earn 5 figures a week targeting crypto CEOs

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

Bitcoin enjoyed another brief stint in price discovery, setting a new peak of $94,105 according to Coinbase. This was seemingly propelled — at least in part — by the first day of trading options contracts on BlackRock's spot Bitcoin ETF, IBIT, which saw an "unheard of" $1.9 billion! Outside of Bitcoin, there were other important crypto developments in the past 24 hours. A California judge ruled that under partnership laws, DAO members can be liable for the DAO and other members' actions, Donald Trump chose crypto-friendly Howard Lutnick as secretary of commerce, and Ethereum DApp volume saw strong 30-day growth, but will the price follow?

Further reading:

• BlackRock Bitcoin ETF options see ‘unheard of’ $1.9B traded on first day
• California judge rules DAO members liable under partnership laws
• Donald Trump taps crypto advocate Lutnick as commerce secretary
• Ethereum DApp volumes gain 38% in a month — Will ETH price follow?

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned. 

Naturally, we're in a busy period for Bitcoin as it chases yet another all-time high, so there is a lot to catch you up on. Robert F. Kennedy Jr. said he put most of his wealth into Bitcoin alongside buying two BTC for every one of his seven children, MicroStrategy buys $4.6B billion more Bitcoin and is raising funds for another $1.75 billion purchase, while the Puell Multiple is approaching a score that often precedes a price rally of about 90%. Elsewhere, Goldman Sachs is turning its crypto platform into a standalone company and the crypto world feels a little uneasy about Binance's BFUSD offering.

Further reading:

• ‘I put most of my wealth into Bitcoin, so I am fully committed’ — RFK Jr.
• MicroStrategy buys $4.6B of Bitcoin as price nears all-time high
• MicroStrategy to raise $1.75B with 0% interest notes to buy Bitcoin
• Bitcoin metric breakout teases 'inevitable' 90% BTC price rally next
• Goldman Sachs to spin out crypto platform: Report
• Binance clarifies BFUSD isn’t a stablecoin as X gets Terra flashbacks

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.