Core Insights - XRP's primary advantage lies in its management and business relationships, positioning it favorably in the cryptocurrency market [1] - Federal Reserve Chair Jerome Powell's upcoming speech is highly anticipated, with expectations of a 25 basis points rate cut during the December FOMC meeting [2][3] - Ripple has secured a significant regulatory win with the Monetary Authority of Singapore approving an expanded scope for its Major Payment Institution license, enhancing its digital payment services [5][6] Economic Indicators - FRED data indicates that US core inflation is slowing through Q3, while labor indicators show mixed signals, with initial unemployment claims at a seven-month low despite tech sector layoffs [3][4] - The correlation between rate cuts and market performance has weakened, although historically, markets tend to outperform in the months following rate cuts [3] Market Dynamics - The crypto market has seen a decline of approximately 20% over the past 30 days, with long-term BTC holders distributing their holdings [4] - Ripple's new licensing allows for a unified integration for corporate clients, enabling them to manage payments using XRP and RLUSD without additional banking infrastructure [6]

Key Points Shiba Inu's ShibaSwap only generates $430 a month in fees. Bitcoin has a market cap of $1.8 trillion. 10 stocks we like better than Shiba Inu › Shiba Inu (CRYPTO: SHIB) and Bitcoin (CRYPTO: BTC) both have pseudonymous founders, but that's about the only thing the two cryptos have in common. One is a giant that could underpin future digital payment systems. The other is struggling to regain its glory days from 2021. Image source: Getty Images. Shiba Inu vs. Bitcoin Bitcoin was the first ...

Leading cryptocurrencies slid alongside stocks on Monday, as investors rotated away from risk-off assets.CryptocurrencyGains +/-Price (Recorded at 8:20 p.m. ET)Bitcoin (CRYPTO: BTC)-1.11%$86,738.52Ethereum (CRYPTO: ETH)               -1.92%$2,802.70XRP (CRYPTO: XRP)                         -2.82%$2.02Solana (CRYPTO: SOL)                         -1.00%$127.47Dogecoin (CRYPTO: DOGE)                         -2.89%$0.1361More Trouble For CryptoBitcoin plunged below $84,000 in the early trading hours, marking it ...

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with Bitcoin and Ethereum seeing substantial price drops, indicating a broader trend of market instability and investor panic [1][2][3]. Market Performance - Bitcoin's price fell to $83,973.9, marking an 8.17% decline in the last 24 hours, while Ethereum dropped to $2,724.53, down 10.25% [1][2]. - The overall market has seen a continuous sell-off since October, with Bitcoin's price dropping over 33% from its peak of $126,300 [2]. Factors Contributing to the Decline - The decline is attributed to a combination of macroeconomic tightening, structural weaknesses in the market, and negative investor sentiment [4][5]. - The marginal tightening of liquidity by the Federal Reserve and a significant withdrawal of approximately $200 billion from the market due to government shutdowns have exacerbated the situation [4][5]. Market Structure and Investor Behavior - The market's structural fragility is highlighted by insufficient buying support and a recent trend of over $1 billion in net outflows from Bitcoin ETFs [5][6]. - The breach of key psychological and technical price levels has triggered forced liquidations among highly leveraged positions, creating a vicious cycle of falling prices and further liquidations [6][8]. Regulatory and Sentiment Pressures - Regulatory actions, such as the People's Bank of China reiterating the illegality of cryptocurrency activities, and the EU's MiCA regulations on stablecoins, have negatively impacted market sentiment [6][7]. - The collapse of Trump-associated tokens has further eroded speculative confidence, leading to increased panic selling [6][7]. Leverage and Market Volatility - The use of leveraged contracts has amplified the inherent volatility of virtual assets, with over 260,000 liquidations totaling $941 million occurring within 24 hours [8][9]. - The market is expected to evolve, with a higher proportion of institutional funds leading to a more data-driven price movement, reducing the impact of short-term emotional trading [7].

Nearly $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff that has carried into a third month. Bitcoin slid as much as 8% to $83,824 in New York, bringing its decline for the year to more than 9%. Ether dropped 10% to as low as $2,719, and is down 18% since last December. The market downturn has been even tougher on smaller, less liquid tokens that traders often gravitate toward because of their highe ...

Bitcoin’s dramatic recent slide gathered yet more momentum at the start of December, with the cryptocurrency plunging as low as $85,400 early Monday morning. The digital asset fell about 5% overnight, appearing to resume a six week-long tumble that started shortly after it reached a record high of $126,000 in late October. Bitcoin has lost nearly one-third of its value since that point, after the market saw a significant and prolonged round of liquidations and sell-offs in late October and November. Trad ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As Bitcoin’s shine dulls and market saturation squeezes returns, a new breed of publicly traded crypto treasury companies is making a risky pivot that has analysts sounding alarm bells about heightened volatility ahead. The trend marks a dramatic shift for digital asset treasury companies, which exploded in popularity following the meteoric success of Strategy (NASDAQ:MSTR) and its founder, Michael Saylor. ...

Key Points Cryptocurrency returns have handily outpaced the benchmark S&P 500 over the last decade. The end of litigation with the U.S. government and the approval of spot XRP ETFs highlight some of the catalysts that have fueled XRP's outperformance this year. However, XRP's adoption rate and utility are unlikely to support its parabolic climb. 10 stocks we like better than XRP › For more than a century, no asset class has held a candle to the average annual return delivered by stocks. But when ...

24K-Production / Shutterstock.com Quick Read Bitcoin (BTC) fell close to 33% from its peak to around $84,000 amid a broader tech sell-off. Strategy (MSTR) shares dropped 63% from their high as the company continues buying Bitcoin during the decline. Strategy was excluded from the S&P 500 and may face exclusion from other indices during Bitcoin’s downturn. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earl ...

Core Insights - Two publicly traded companies have increased their exposure to Zcash (ZEC), indicating a growing institutional interest in privacy-focused cryptocurrencies [1] - Reliance Global Group has liquidated all previous crypto holdings and fully reallocated into ZEC, marking a significant strategic shift in its Digital Asset Treasury [2][4] - Cypherpunk Technologies has also expanded its ZEC holdings, purchasing an additional 29,869.29 ZEC for $18 million, now controlling approximately 1.43% of Zcash's total supply [6] Company Strategies - Reliance Global Group conducted a strategic review and identified Zcash as the "most compelling opportunity for a long term DAT strategy," emphasizing its technological superiority and alignment with institutional needs [3] - The firm highlighted ZEC's strong performance during a challenging market, suggesting it signals the start of a larger adoption phase among enterprises and financial institutions [4] - ZEC's architecture, enhanced with zero-knowledge cryptography and compliance-ready features, positions it as a compelling digital asset for institutions [5] Market Trends - The moves by Reliance Global and Cypherpunk reflect a broader trend of institutional investors turning to privacy assets as viable treasury tools [1][6] - Cypherpunk views Zcash as a digital privacy asset, akin to how Bitcoin is perceived as digital gold, and sees it as a hedge against the transparency of Bitcoin in a future dominated by AI [7]