Bitcoin recently flirted with the $100,000 milestone, hitting a high of $99,645, but its rally lost steam, dropping to $93,415—a sharp fall of over 6%. This correction has left investors questioning if this is just a breather or the start of a larger downturn.

Bitcoin is currently trading slightly above the $93k level and is down by more than one percent in the last 24 hours. The largest cryptocurrency has almost erased the majority of the gains made in the last seven days and is now failing to rise back above the $95k levels.

XRP price previously rose to three-and-a-half year highs, but profit taking took its toll. Here's why I expect it to bounce back.

As Bitcoin (BTC) prices faced a correction on Tuesday, Dan Morehead, founder and managing partner of Pantera Capital, expressed optimism about the cryptocurrency's future. In a recent interview, he suggested that the current market challenges could be temporary and that the rally might not be over.

Flashbots has launched BuilderNet to address the current centralization in the Ethereum block-building process.

Bitcoin's market cap could hit $15 trillion if it reaches $740,000 per coin, Pantera CEO suggests, citing untapped blockchain adoption.

The hackers behind the recent DEXX breach have resumed their operations. According to cybersecurity firm Mistract, the stolen altcoins are now being converted into Solana (SOL) on a large scale, potentially indicating a methodical laundering of funds.

Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion. Activity in the ether options market listed on Deribit is also picking up, with over 2 million contracts active or open at press time, the highest since late June.

Bitcoin investors remain bullish despite a 10% correction, with exchange reserves hitting 2018 lows. On-chain metrics and technical analysis hint at a $100K target by 2024.

MicroStrategy's Bitcoin strategy is very simple: Raising debt to buy Bitcoin and selling shares at a premium to repeat the cycle. Until recently, it had been regarded as outstanding. At the start of November 21, the MicroStrategy price stood at a peak of $535.42. However, since then, it has sharply plummeted by over 33.94%.

Bitcoin price correction may continue further to $88,000 and below if it follows the Global M2 money supply correlation. BTC has already corrected more than 9% in the last four days following the rejection sub $100K level.

The crypto market today has been showing mixed signals, with a significant decline in the prices of numerous cryptocurrencies. The global crypto market cap is presently down by 1.89% in the past 24 hours, taking the numbers to $3.19 trillion.

The cryptocurrency market experienced a bearish trend on November 27, with major tokens like Bitcoin, Ethereum, Solana, and XRP seeing significant losses. However, Fantom and Algorand stood out, recording notable gains amidst the market turbulence. BTC, ETH, SOL, and XRP tokens decline The total crypto market cap has dropped by 2%, standing at $3.

Bitcoin has taken a sharp $6,000 plunge in daily trading, pulling back after its remarkable rally over the past few weeks. The cryptocurrency recently surged from under $70,000 to nearly $100,000, marking one of its most dramatic climbs in history.

A Brazilian lawmaker has introduced a bill seeking to establish a bitcoin reserve to diversify the nation's financial assets.

Key Points:

Bitcoin, the largest cryptocurrency, has reversed course after flirting with the $100,000 mark. The digital asset reached an all-time high of $99,830 on November 22 but has since dropped over 8% to $91,377.32 as of Tuesday. As of 11:48 am IST on Wednesday, BTC stood at $93,099, according to CoinGecko.

The goal of the ETF is to give investors balanced exposure to the two largest cryptos in the world in an easy-to-access format.

The likelihood of Bitcoin surpassing $100,000 has risen to 45%, despite its recent pullback, according to recent onchain data.

The crypto markets are consolidating ahead of the next bullish wave, which is believed to begin in a short while from now. The Bitcoin price is reaching a pivotal support zone, which is expected to offer a strong boost and push the prices towards the much-awaited milestone at $100K.

Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.

WisdomTree, a prominent asset management firm overseeing $113 billion in assets, has filed for an XRP Exchange-Traded Fund (ETF) in Delaware. This filing marks a significant move as WisdomTree seeks to expand its presence in the burgeoning cryptocurrency market.

Jim Cramer doubled down on his tip to buy crypto, saying he was “going to call the top by recommending it yet again.”

Dogecoin is consolidating losses above the $0.3650 support against the US Dollar. DOGE could restart increase if it clears the $0.400 resistance.

Morocco is poised to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a significant shift in the nation's financial policy. According to Reuters, Abdellatif Jouahri, the Governor of Bank Al-Maghrib (BAM), announced that a draft law regulating crypto assets is in the final stages of adoption.

Bitcoin price correction from its recent all-time high has sparked speculation within the crypto community, with many questioning if the bull run remains intact and what the next price move might be. Currently, BTC trades at a price below the $95,000 mark, down by nearly 7% from its all-time high above $99,000 recorded on November 22.

An analyst says Bitcoin's correlation with the global M2 suggests it could imminently drop 20%, but not all observers agree.

Pump.fun suspends livestream functionality due to inappropriate content.

Ripple's XRP is currently trading below the $1.40 mark and is down by more than five percent in the last 24 hours. Following Gary Gensler's resignation, the price rallied and touched $1.51 levels and then hit a reverse. However, most of the top 10 coins, including Bitcoin have slipped into the red zone.

XRP price is consolidating near the $1.400 zone. The price must clear the $1.4550 resistance zone to start a fresh increase in the near term.

Solana (SOL) is rapidly emerging as a strong contender in the cryptocurrency market, with recent price action displaying resilience even amid broader market downturns. While Bitcoin (BTC) experienced a significant drop, falling below the $95,000 mark, Solana continued to show strength, recently breaking its all-time high (ATH) of $262.

"I got a bunch of yahoos saying I called the top on crypto by recommending it," Cramer said Tuesday during a segment of Mad Money.

The crypto prices today have largely followed a concerning bearish trend. Bitcoin (BTC) witnessed a sharp drop, reaching the $91K level.

MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.

Surge in Interest for XRP ETFs Interest in XRP exchange-traded funds (ETFs) has surged, with notable filings from asset management firms. WisdomTree filed for an XRP ETF on November 25, 2024, aiming to capitalize on cryptocurrency interest beyond Bitcoin and Ethereum.

Bitcoin (BTCUSD) pared some of its gains after hitting a fresh all-time high of $99,800 due to profit booking and is currently trading around $92,387. Impact of Leverage Overheating Recent data shows that the cryptocurrency market is dealing with leverage overheating, meaning many traders are using borrowed money to invest, leading to high risk.

Ethereum price remained supported above the $3,220 zone. ETH is consolidating and might aim for a move above the $3,400 resistance.

Bitcoin has recently seen a significant drop in value, shedding 4% of its price and failing to hold onto the critical $100,000 support level. This fall, which saw Bitcoin trading as low as $92,785, has raised concerns among investors about the future of the world's most popular cryptocurrency.

The cryptocurrency market has experienced a significant downturn, with major digital assets posting notable losses.

Bitcoin recently dropped below $92,000 after briefly approaching $100,000, prompting a mix of concerns and optimism among analysts.

U.S. spot Bitcoin ETFs saw significant outflows on Monday, totaling $438 million, marking the end of a five-day period of inflows that had brought in nearly $3.4 billion.

Solana makes history with a weekly close above $250! Price discovery mode may target $300 and beyond.

Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset.

South Korean prosecutors say they have seized Bitcoin (BTC) from a convicted crypto scam operator who targeted elderly citizens and North Korean defectors. The post South Korean Prosecutors Seize BTC From Fraudster Who Targeted the Elderly appeared first on Cryptonews.

The use case of Bitcoin has spread around the globe since El Salvador adopted it as a legal tender, the U.S. planned it for a national strategic reserve, and now Suriname.

SEC sets record $8.2B in fines, sparking debate on crypto enforcement as Ripple case remains notably absent.

Bitcoin's price is teetering on a critical support level as it navigates recent market turbulence.

Bitcoin's price has fallen sharply, dropping over 5.6% to $92,774 as of Nov. 26, following a historic high of $99,000 on Nov. 22.