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Bitcoin liquidity conditions set the stage for a struggle to maintain BTC price support and the continuation of the bull market in the coming week.
Ether has surged following the Pectra hard fork, with analysts suggesting a growing number of long positions could signal a turnaround for the asset.
Bitcoin bulls predict a rally to $90,000 if Treasury yields continue to fall alongside the Trump administration’s adjustments to its current tariff policy.
Bitcoin may encounter resistance around $84,000, but if it surpasses this level, the next significant obstacle is at $96,000, as reported by CryptoQuant.
The price of Bitcoin could surge if the high-stakes trade war tactics employed by the US result in significant negotiations.
Bitcoin midterm holders — even those with a cost basis at around $3,600 — are still refusing to sell despite major profits and BTC price volatility
Bitcoin has underperformed this quarter as gold takes the lead, and US trade tariffs keep the potential for BTC price increases firmly out of reach, leaving crypto traders preparing for the consequences.
- 17:34MegaETH Co-Founder: Suspension of Pre-Deposits Aims to Ensure Healthy Ecosystem Growth, Sincerely Accepts CriticismBlockBeats News, November 28, MegaETH co-founder brother bing (@hotpot_dao) posted regarding the termination of the MegaETH pre-deposit event, stating, "The team is very dissatisfied with this pre-deposit event, which exposed our lack of preparation for alternative plans. The original intention was to allow community users to exchange some USDm in advance, so that they could interact with some on-chain applications on day one when the mainnet launches. But this intention was buried by poor execution and incorrect market predictions (we initially worried that the $250 million cap would not be filled, so we did not set a limit for individual accounts). In the end, a healthy ecosystem should grow gradually and try to avoid peaking at the very beginning." Previously, MegaETH announced that it would no longer proceed with the $1 billion cap plan, would refund all funds raised through the pre-deposit bridge, and planned to reopen the USDC and USDM swap bridge before the launch of the Frontier mainnet.
- 17:33BTIG analyst: Bitcoin is expected to rebound to $100,000, with mining stocks Cipher Mining and Terawulf performing stronglyBlockBeats News, November 28, BTIG analyst Jonathan Krinsky stated in a client report on Wednesday that after experiencing a -36% peak-to-trough decline earlier this month, bitcoin is now poised to continue its reflexive rebound, at least back to $100,000. According to data from Coin Metrics, bitcoin was last trading at $92,451.30, up nearly 10% over the past five days, but still down 20% over the past month. The analyst pointed out that despite the recent pullback, crypto mining companies Cipher Mining and Terawulf have performed strongly during the cryptocurrency correction. Since Monday, Cipher Mining has risen by 35%, and Terawulf by 31%. Barclay's Crypto Mining Index has held its support level and is expected to have another 15% upside before encountering stronger resistance. In addition, ETH, the second largest cryptocurrency by market capitalization, after falling 24% over the past month, also appears poised to reclaim the $3,400 level, with its latest trading price at $3,075.62, up nearly 13% over the past five days. Solana and XRP have risen by 12% and 15% respectively during the same period. (CNBC)
- 17:33Circle newly mints 500 million USDC; Tether and Circle have cumulatively issued 17.75 billions USD in stablecoins since the "1011" market crash.BlockBeats News, November 28, according to monitoring by Lookonchain, Circle has just minted another 500 million USDC. After the "1011" market crash, Tether and Circle minted stablecoins worth 17.75 billions USD.