Crypto News

The post Crypto bounces as the macro market remains uncertain: Will it sustain? appeared on BitcoinEthereumNews.com. The crypto market saw a 10.4% bounce in total market capitalization since the swift price drop in the early hours of Monday. Bitcoin [BTC] led the charge, gaining 10.55%. Some altcoins have posted greater returns. The U.S. government reopened on the 13th of November, after a 43-day pause. This threw a monkey wrench into the machinery, as the market was missing some key information. Some reports were being released. For example, on Wednesday, payroll processor ADP said that private employers shed 32,000 jobs in November. In contrast, economists expected an increase of 40,000 jobs. On the bright side, the Federal Reserve officially ended its quantitative tightening (QT). The stock market also had a positive performance on Wednesday, with the S&P 500 up 0.3% for the day. The Bank of America and BlackRock asserted that the AI boom was driven by real corporate investment, and not irrational exuberance that drove the dot-com bubble. The current environment was described as more of an “air pocket” than a bubble by Bank of America’s head of equity and research. These developments showed that the already volatile crypto-sphere was being tugged at in different directions by the indecisive macro conditions as well. Crypto bounce not supported by strong capital flows Source: TOTAL on TradingView The total crypto market cap fell below $3.56 trillion, a key support level, in September. It continued to trend downward, but something interesting happened over the past two weeks. The trendline support (yellow) from November 2023 was breached in November. The retest of the same level as resistance, surprisingly, did not reject the total market cap. It served as support once again in recent days. Perhaps the crypto bounce could continue in the coming weeks. Source: CoinGlass The Open Interest behind Bitcoin has slowly grown over the past three days, but it…

Bitcoin price started a fresh increase above $92,500. BTC is now consolidating gains and might attempt an upside break above $93,500. Bitcoin started a fresh increase above the $92,500 zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $93,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it settles above the $93,000 zone. Bitcoin Price Faces Resistance Bitcoin price managed to stay above the $90,000 zone and started a fresh increase. BTC gained strength for a move above the $90,500 and $91,500 levels. There was a clear move above the $93,000 resistance. A high was formed at $94,050 and the price is now consolidating gains. There was a minor drop to test the 23.6% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high. There was a break below a bullish trend line with support at $93,000 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $92,800 level. The first key resistance is near the $93,000 level. The next resistance could be $94,000. A close above the $94,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance. Any more gains might send the price toward the $95,500 level. The next barrier for the bulls could be $96,200 and $96,450. Downside Break In BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could start another decline. Immediate support is near the $91,650 level. The first major support is near the $90,500 level. The next support is now near the $88,950 zone or the 50% Fib retracement level of the upward move from the $83,870 swing low to the $94,050 high. Any more losses might send the price toward the $87,750 support in the near term. The main support sits at $87,200, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $91,650, followed by $90,500. Major Resistance Levels – $93,000 and $94,000.

Leading cryptocurrencies slipped on Thursday, even as key stock barometers rose, amid heightened expectations of interest rate cuts.read more

Bitcoin has climbed back above $93,000 after enduring days of intense selling pressure, heightened volatility, and widespread market uncertainty. The recovery marks a significant shift in sentiment, but according to a new report from CryptoQuant, one signal stands out as the primary driver behind the rebound: institutional capital is quietly flowing back into the market. […]

The post Bitcoin (BTC) Price Analysis for December 4 appeared on BitcoinEthereumNews.com. The rates of most of the coins are going up, according to CoinStats. Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has increased by 0.55% since yesterday. Image by TradingView On the hourly chart, the rate of BTC has set local support at $91,827. However, if a bounce back does not happen, one can expect a level breakout, followed by a further correction to the $91,000 range. Image by TradingView On the longer time frame, the price of the main crypto has once again bounced off the resistance of $93,753. If the daily candle closes far from that mark, traders may expect a correction to the $90,000-$91,000 range.  You Might Also Like This scenario is relevant until the end of the week. Image by TradingView From the midterm point of view, the rate of BTC is far from the main levels. Thus, the volume has dropped, which means ongoing sideways trading around current prices is the most likely scenario. Bitcoin is trading at $92,524 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-december-4

The post Rep. Marjorie Taylor Greene increases Bitcoin exposure during market dip appeared on BitcoinEthereumNews.com. Key Takeaways Rep. Marjorie Taylor Greene increased her Bitcoin exposure by investing in BlackRock’s Bitcoin ETF during a market dip. Several US politicians, including Rep. Brandon Gill, have recently boosted their holdings in Bitcoin and related ETFs. Rep. Marjorie Taylor Greene of Georgia reported this week that she increased her Bitcoin exposure during the latest market dip. A periodic transaction report filed on December 2 shows that Greene purchased up to $15,000 worth of BlackRock’s iShares Bitcoin Trust (IBIT) on November 21, when Bitcoin briefly dropped to $82,100, its lowest price since April. Bitcoin has since bounced back. After recovering above $84,000, the asset now trades at around $92,373, according to CoinGecko. Greene’s filing adds to a series of Bitcoin-related disclosures she has made this year. She is not the only US lawmaker adding exposure. A number of members of Congress have reported new Bitcoin positions in recent months. In November, Rep. Brandon Gill disclosed buying up to $250,000 of BTC along with as much as $50,000 in IBIT shares. Senator Dave McCormick reported on Thanksgiving that he had purchased up to $150,000 in shares of the Bitwise Bitcoin ETF. Source: https://cryptobriefing.com/marjorie-greene-bitcoin-exposure/

Bitcoin may be sliding into a new bear phase unless fresh macro liquidity – particularly through spot ETFs – returns to the market, according to CryptoQuant CEO Ki Young Ju. Bitcoin Bear Market Incoming? Sharing a composite on-chain dashboard overlaid on the BTC price, Ju wrote on X: “Most Bitcoin on-chain indicators are bearish. Without macro liquidity, we enter a bear cycle.” The chart stacks ten CryptoQuant metrics behind the price in a red-to-green heatmap from 2021 to 2025, highlighting how regime shifts in prior cycles coincided with clusters of bearish readings. Related Reading: US Sen. Lummis Hints At US Bitcoin Buy With ‘Franklin’ Meme The indicators in the panel include the MVRV Z-score, CryptoQuant P&L Index, the Bull-Bear Cycle Indicator, Inter-Exchange Flow Pulse, Network Activity Index, Stablecoin Liquidity, Bitcoin Demand Growth, Trader On-chain Profit Margin, Trader Realized Price and a Technical Signal metric. When the majority are bullish, the backdrop turns light green; when they flip bearish, it shifts to red. In the latest section of the chart, as BTC has pulled back from its highs, red once again dominates – the visual basis for Ju’s warning. For the next major move, Ju argues that on-chain data is now subordinate to macro conditions and ETF flows. Quoting his own post, he wrote: “It is simple. If you think macro gets better next year, you buy. Otherwise, you sell. I’m not a macro expert, so find macro bros. New ETF inflows are the key.” That line pinpoints what he believes can “save” Bitcoin from a deeper drawdown: renewed demand from spot ETFs as a conduit for institutional capital. In earlier stages of the cycle, rising ETF inflows coincided with strong price appreciation; more recently, slowing or negative flows have mirrored the loss of upward momentum. Ju frames the current environment as one that demands flexible scenario management rather than rigid forecasts. “At this stage, it is more about being reactive than predictive. Set your scenarios and trade accordingly,” he told followers. The composite chart is designed for exactly that purpose, showing how past bull tops and bear markets aligned with persistent stretches of red across profit, valuation and liquidity metrics. Related Reading: Bitcoin And The 2026 Fed Shift: Expert Says Markets Aren’t Ready Despite the bearish tilt, Ju does not foresee a repeat of the 2022 collapse, when Bitcoin fell roughly 65% from peak to trough. He cites the behaviour of Michael Saylor led Strategy as a stabilizing factor. “If Strategy holds its 650K BTC this cycle (or sells only a little), we would not see another -65% drawdown like in 2022,” he wrote. In his view, that supply remaining largely off the market reduces the probability of a violent deleveraging event. Ju characterizes the current pullback as substantial but not extreme in historical context. “We are about -25% from ATH now, and even if a bear cycle comes, the downside would likely be smaller and look more like a broad sideways range,” he argued, suggesting that prolonged consolidation is more likely than a single dramatic crash. His message to long-term investors is explicitly calming. “Long-term holders should avoid panic selling,” he advised. While cyclical on-chain indicators flash red, he insists the structural backdrop has improved: “Bitcoin has more liquidity channels now, so the long-term outlook is obviously strong, imo.” Those channels include ETFs and a deeper institutional market structure than in prior cycles. At press time, Bitcoin traded at $92,494. Featured image created with DALL.E, chart from TradingView.com

PANews reported on December 5th, citing The Block, that JPMorgan analysts stated that Strategy (formerly MicroStrategy) maintaining a Bitcoin holding valuation ratio above 1 and avoiding forced BTC selling was key to determining Bitcoin's short-term price movement. The analysis points out that although miners face selling pressure due to high production costs, MSTR has $1.44 billion in cash reserves, sufficient to cover debt expenditures over the next two years, reducing the risk of selling pressure. Furthermore, the bank maintains its medium-term theoretical target price for BTC at approximately $170,000.

The market is certainly testing investors' psychological stability as volatility causes erratic moves in numerous directions.

Peter Schiff engaged in a debate with CZ at Binance Blockchain Week after challenging Bitcoin’s legitimacy as a generator of real economic value.  Speaking on stage opposite Changpeng Zhao (CZ), Schiff argued that Bitcoin is a zero-sum wealth transfer rather than a productive asset. Here is Schiff’s full statement as delivered during the debate: “All Bitcoin does is enable a transfer of wealth from people who buy BTC to the people who sell it. When Bitcoin is created, there’s no real wealth. We have about 20 million Bitcoin now that we didn’t have 15 years ago. But we’re no better off because that BTC exists. They don’t actually do anything. But what has happened is that some people have been enriched at the expense of other people. Now, the people who have lost a lot of money in Bitcoin don’t even realize they lost it yet, because they still have the BTC, and the token still has a $90-$92,000 price, or whatever the price point is in the current market. So, they don’t realize they have lost the money. But if they try to get out, that’s when they’re gonna realize it’s lost.” “Bitcoin Enables Transfer of Wealth From Buyers to Sellers” This is true to the extent that any freely traded asset, such as equities, gold, land, fine art, also transfers wealth between participants depending on entry price, exit price, and market conditions. But Schiff implies that this transfer is zero-sum. That’s inaccurate. Bitcoin’s network itself generates utility, which is distinct from price.  Bitcoin today powers cross-border settlement, functions as a censorship-resistant store of value, and serves as collateral across financial platforms. Value is generated through capability, not just material form. A global network that moves capital instantly without banks or intermediaries is a new economic function. That is wealth creation by definition. If Bitcoin merely redistributed value, it would not underpin payment channels, custody platforms, or multi-billion-dollar remittance rails.  A zero-sum asset does not attract corporate treasuries, institutional ETFs, or nation-state adoption. “No Real Wealth Was Created by the Addition of 20 Million Bitcoin” Wealth does not rely on physical substance. It relies on demand, utility, consensus, and the ability to preserve or transfer value. Schiff’s logic could be applied historically to: Government-issued fiat (created by declaration, yet accepted globally). Internet domain names (non-physical, yet multi-million-dollar assets). Software and cloud infrastructure (intangible, yet critical to global GDP). By that standard, software, internet DNS space, AI models, and even fiat money would also fail to qualify as wealth. Yet these intangible systems power most of today’s economy.Bitcoin created something that did not exist in monetary history: a bearer asset that moves like data, settles without intermediaries, and is mathematically verifiable.  That feature is comparable to gold digitization but without storage, transport, or assay friction. Wealth was created because new capabilities emerged. “People Only Don’t Know They Lost Money Because Price is Still High” This rests on the assumption that Bitcoin will collapse. It could — but it is not a fact, it is a projection. If Bitcoin remains in demand globally, scarcity and network growth sustain value.  If adoption grows further — as has occurred across ETFs, corporate treasuries, and sovereign custody — then Schiff’s prediction weakens. His view equates unrealized gains with illusions. But: If someone holds Bitcoin for 10 years and later sells at a higher price, wealth is realized. If Bitcoin becomes widely transacted and integrated into the monetary infrastructure, the asset functions beyond speculation. His thesis only holds if Bitcoin fails as a monetary network. And more than a decade of growth suggests the opposite direction. Conclusion Peter Schiff’s comments captured headlines and sparked discussion, but his reasoning overlooks key economic realities.  Bitcoin is not merely a wealth transfer. It is a functioning global monetary network with attributes that no traditional asset class replicates.  The argument that it “creates no wealth” relies on outdated assumptions about where value originates.