A CryptoQuant survey reveals that young, educated and experienced investors dominate the cryptocurrency market, with Binance emerging as the most preferred exchange.
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Bitcoin ETFs see record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.
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A crypto analyst says that the market “could be approaching euphoria territory” with the significant amount of XRP longs “being reloaded” as the price retraces.
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Bitcoin became a $2 trillion asset in less than 16 years, while companies like Apple and Amazon took 42 and 29 years, respectively, to reach that value.
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Analysts are expecting Ether and altcoins like XRP to stage a significant rally leading into Trump’s inauguration on Jan. 20, which also marks the last day of SEC Chair Gensler.
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If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.
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Bitcoin rallied 6.15% on Nov. 10 to reach another new all-time high of $81,358.
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A big final flush out for altcoins could be imminent if historical market cycle patterns repeat.
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Crypto traders, market analysts and several metrics suggest that an “altcoin season” is about to begin as Bitcoin price challenges new highs.
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Popular crypto analyst Willy Woo says that the altcoin market cap “is like the cricket bat that has had 10 new handles and 10 new blades.”
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