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BANK/USDT 24-hour news highlights: DeFi leverage engine poised for rebound As the cryptocurrency market warms up, the BANK/USDT (Lorenzo Protocol, DeFi leverage protocol) trading pair rebounded against the trend yesterday, becoming a hotspot in BTCfi. As of December 5, BANK's price was reported at 0.046 USDT, up 2.12%, with a 24-hour trading volume reaching 8.9 million USDT, an increase of 15.3% compared to the previous day, reflecting the inflow of institutional funds. Despite a short-term market capitalization of only 24 million USDT and a circulation rate as low as 25%, BANK's weekly increase reached 18%, outperforming the average of 7% in the DeFi sector. Key event: Lorenzo Protocol launched the âhidden leverage engine,â integrating BTC perpetual contracts and RWA collateral to achieve unsecured leveraged lending, aiming for a TVL exceeding 1 billion US dollars by 2026. The platform is buzzing, with mramzanwk posting, â$BANK is about to flip the entire BTCfi landscape,â receiving 112 views. With positive news stacking up, Binance Alpha added a BANK/USDT liquidity pool, causing the 24-hour trading volume to surge to 4.5 million USDT, and the price briefly touched 0.052 USDT. At the same time, Bank of America announced a pilot for a 1-4% cryptocurrency allocation, indirectly benefiting DeFi leverage tools. On the technical side, RSI rose to 52, escaping the oversold zone, with a support level at 0.042 USDT. TradingView analysts pointed out that on the daily chart, BANK formed a W double bottom, breaking through MA50 with increased volume, dominated by buying pressure, but caution is advised regarding BTC's dominance fluctuations. User qiuzhixia6688 emphasized that selling pressure has been digested, anticipating an increase exceeding 20%. Looking ahead, BANK's BTCfi innovation may help it explode in a bullish trend, but it is necessary to guard against regulatory risks and unlocking supply (75% locked). Investors are paying attention to Q1 TVL data to balance leveraged opportunities with market volatility. $BANK {future}(BANKUSDT)
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JPMorgan's Bold Prediction: Bitcoin Could Soar to $170,000 Next Year!
JPMorgan, the financial giant managing $4 trillion in assets, has once again spoken out: Bitcoin is 'clearly undervalued' compared to gold, with significant upside potential in the future. The bank predicts that Bitcoin's price will reach $170,000 next year.
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KITE/USDT 24-hour News Highlights: AI Payment Chain Consolidating The crypto market is fluctuating, with the KITE/USDT (Kite AI Payment Blockchain) trading pair recording significant volatility yesterday, becoming the focus of the AI sector. As of December 5th, the KITE price is reported at 0.0988 USDT, down 1.89%, with a 24-hour trading volume reaching 163 million USD, a decrease of 43.6% compared to the previous day, reflecting accelerated fund rotation. Despite short-term pressure, KITE's market cap remains at 176th place, reaching 178 million USD, with a weekly increase of 14.8%, still outperforming the market's 7.8%. The platform is buzzing about this move, with Kryll_ai posting that "KITE data supports analysts' optimism, AI payments may trigger the next wave," gaining 4.1K views. In another positive development, Pancakeswap Infinity pool has added KITE/USDT liquidity, with 24-hour trading volume soaring to 17.9 million USD, and the price briefly touching a high of 0.1781 USDT. Technically, the RSI has dropped to 45, indicating oversold conditions, with support at 0.0929 USDT. TradingView analysts point out that on the 15-minute chart, KITE has broken below MA50, with selling pressure dominating, but if it holds the low of 0.0889, it may rebound to 0.1028. Looking ahead, KITE's advantages in AI infrastructure may help it reverse, but the risk of BTC dominance rising should be monitored. Investors should keep an eye on the Q4 payment report, weighing volatility against opportunities. $KITE {future}(KITEUSDT)
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$USTC is exploding! USTC just ripped +31% in the last 24 hours, breaking above 0.008 with massive volume â over 1.3B USTC traded. Strong bullish candles, rising MAs, and surging momentum show buyers fully in control. As long as it holds above 0.0077, #USTC #WriteToEarnUpgrade
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