币圈News

In the past 24 hours, the total market value of cryptocurrencies has dropped to about 3.0 trillion US dollars, with a daily correction of around 2%. Bitcoin fluctuated in the range of 88,000 to 91,000, currently around 89,600 US dollars; mainstream coins generally followed the adjustment, but LUNC, LUNA, and ACE instead surged against the trend, with daily increases in the range of 30% to 70%.

Overall, it is still a structure of "high-level volume washing and individual strong themes moving independently," with a cautious short-term sentiment, but there has not been a systemic collapse.

#今日币圈快讯

Today, the overall market is still weak, with Bitcoin fluctuating around $92,000. In the early session, it briefly dipped to around $90,000, and as of the time of this report, it has climbed back above $92,000, with a 24-hour decline of nearly 1%.

Interestingly, renowned analyst Tom Lee has called out at this position that "this round of decline may be close to a phase bottom," while Bitmine continues to buy BTC and ETH in batches, interpreted as some institutions taking advantage of the adjustments for medium to long-term positioning.

On the sentiment side, the short-term is still digesting panic, but from the behavior of funds, there are already some who view this wave of decline as a "reallocation opportunity." Whether it can truly become a bottom will depend on the cooperation of trading volume and macro news in the coming days.

#今日币圈

This week, Binance held its annual flagship conference "Binance Blockchain Week" in Dubai, bringing together the big players in the global cryptocurrency industry: exchanges, project teams, traditional financial institutions, and regulatory representatives gathered in one place.

The core keywords of the conference were very clear: regulatory clarity, institutional entry, stablecoins and RWA (real-world assets), as well as the combination of AI and blockchain. For ordinary users, such conferences may not directly impact short-term coin prices, but they subtly determine where funding and policies will tilt in the coming years.

In simple terms: this is a "direction meeting" that Binance held in Dubai for the entire industry, and it is also a concentrated display of the Middle East's continued efforts to compete for the Web3 high ground.

#迪拜币安区块链周

《Market Overview: BTC Returns Above 93,000, Mainstream Coins Recover Collectively》

Today in the Asian market, Bitcoin briefly returned above 93,000 USD, with a 24-hour increase of about 6%–7%. Market sentiment has gradually shifted from the panic of the past few days to a more cautiously optimistic state; mainstream coins such as Ethereum, SOL, and ADA have also seen rebounds ranging from 8%–14%, with overall transaction volume increasing.

Currently, this resembles a technical recovery from the earlier sell-off, with significant room remaining before reaching historical highs. Whether chasing the rise or bottom-fishing at this position, it is better to first clarify your position and stop-loss, slow down the pace, and not be led by emotions. The above does not constitute investment advice, and one should view fluctuations rationally.

Market Update: Bitcoin fluctuates and weakens, sentiment is cautious

As of December 2nd, afternoon Singapore time, Bitcoin is oscillating at a high around 84,000–87,000, having retreated from the peaks of recent days, with increased market volatility and a clear back-and-forth struggle between bulls and bears in the short term.

The overall cryptocurrency market capitalization is approximately $2.94 trillion, with a 24-hour pullback of about 5%. Most mainstream coins and popular altcoins are experiencing a simultaneous correction, and risk appetite is cooling off temporarily.

In this environment, chasing rallies or shorts is likely to lead to being washed out; short-term strategies are more suitable for lighter positions and shorter holding periods. It's advisable to slow down the pace a bit and wait for the market to show a clearer direction before increasing positions.

#币圈快讯 #比特币 #市场情绪 $BTC

Today's hot topic on Binance Square #加密市场回调 actually reflects a normal correction after a rapid surge. Bitcoin has seen a short-term increase in its decline after reaching a new high, dragging Ethereum and major altcoins down collectively, resulting in a significant shrinkage of the overall market value in a short period of time. Leveraged funds have been concentrated for liquidation, and sentiment has swiftly shifted from 'only talking about the bull market' to 'first, protect profits.'
This round of adjustment has roughly three reasons: first, the macro environment has turned cautious, with global risk assets generally under pressure, and funds retreating from high-risk markets; second, the previous increase was too large, and the technical aspect was obviously overbought, leading some institutions to take profits at high levels, actively creating a 'healthy reshuffle'; third, the leverage in the contract market has long accumulated, and once prices turn, it will amplify the decline, triggering a chain liquidation, further exacerbating volatility.
For ordinary investors, the more important question is not 'why is the market falling,' but 'what should I do.' If you have a long-term positive outlook and a reasonable position, fluctuations in the range of 10%–30% are mostly just a 'halftime break' in a bull market; however, if you are fully invested and frequently chasing highs and cutting losses, every adjustment could turn into a disaster for your account.
Adjustments are not the end of a bull market but a process of chip turnover. Whether you can hold onto your chips and optimize your position structure during fluctuations is more important than just staring at the K-line.
The above content is just a personal opinion and does not constitute any investment advice.

【Significant Positive News】
In the latest congressional hearing, Federal Reserve Chairman Jerome Powell clearly stated that the Federal Reserve does not oppose U.S. banks providing services to cryptocurrency companies and investors, as long as they comply with existing risk management and consumer protection requirements. At the same time, the Federal Reserve has removed "reputational risk" from the banking regulatory manual, reducing the blanket rejection of crypto business due to "image issues."
This means:
Compliant banks can more boldly provide accounts, clearing, and custody services for exchanges, custodians, funds, etc.;
The long-standing pressure of "de-banking" on the crypto industry is expected to ease, further connecting traditional finance and the crypto world;
The compliant channels for institutional funds entering the crypto market are being formally confirmed, which is a long-term positive for the adoption and liquidity of mainstream assets like Bitcoin.
The regulators have not flashed a "red light" for crypto but rather provided a signal of "what can be done" after clarifying the rules. Do you think this is one of the key catalysts for the next round of market trends?

Can this thing mine?

$B2 Affected by the sharp decline in Bitcoin, it may continue to face pressure in the short term, but the technical outlook shows potential for long-term expansion in its track.\nCaution is advised:\n1. Control positions: Avoid high leverage operations and pay attention to macro signals in the market (such as ETF fund flows, progress on Bitcoin ETF approvals).\n2. Diversify allocations: Prioritize mainstream exchanges and avoid the price manipulation risks of low liquidity platforms.\n3. Track ecological progress: Pay attention to updates on B2 and RWA integration, mining pool tools, etc., to seize potential catalysts. $BTC

The panic of a halving in a bear market is just the market filtering out true long-term investors: those who can preserve their capital and control their impulses are not relying on luck to avoid a crash, but are using discipline to combat instinctual urges. The long position strategy suggested in the morning successfully captured a space of 2223 points, while Ethereum synchronized to capture a space of 160 points; subsequently, after stabilizing from fluctuations, it steadily rose, reaching a peak of 104085 before retracting and consolidating around 102500. On the 1-hour level, the market has undergone repeated tug-of-war between bulls and bears, completing a bottoming process, with support at the bottom continuously solidifying. The price then steadily climbed in a series of bullish candles and strongly broke through the middle band of the Bollinger Bands, fully establishing the dominance of the bulls and reflecting a strong market sentiment for buying. It is recommended to continue focusing on the strategy of "buying on dips"; one can patiently wait for the price to retrace to key support levels before strategically placing long positions.