3.3 Trillion SHIB Leaving Exchanges: Are Whales Behind the Upside Move?
Shiba Inu (SHIB) has seen a massive outflow of $93.3 million, reflecting whale interest and reducing selling pressure. If the price stabilizes above $0.000025, a 40% rally is expected, with technical analysis supporting a potential bullish momentum.
Is It Time to Sell XRP? Mixed Signals in the Market
XRP has seen a massive sell-off from whales worth $95.5 million, raising bearish concerns. However, $55 million in outflows indicate long-term interest. A break of $2.50 could push it to $2.90 while a dip below $2.30 could push it to $2.00.
LINK has seen a significant surge with its price hitting $28.23 and record open interest of $770.27 million. If it closes above $29.50, it could surge 80% to $52.50 according to technical analysis.
Kuwait is about to announce the official recognition of digital currencies, a step that will enhance financial innovation and attract investment. This move puts Kuwait among the advanced countries in financial technology, and paves the way for regulating the sector in a way that achieves protection for users and compliance with international laws.
Ukraine to legalize cryptocurrencies by 2025 without tax breaks Parliament is working on a law to regulate cryptocurrencies in cooperation with the National Bank and the International Monetary Fund. Taxes will be imposed on transfer profits, similar to the securities model. The legislation aims to prevent tax evasion and achieve a regulatory framework for digital assets.
Ripple vs. SEC: Legal Battle Intensifies with New Appeal Lead plaintiff files appeal challenging California court rulings in Ripple’s favor. The case moves to the 9th Circuit Court of Appeals amid objections over legal costs. The SEC’s January 15 deadline and expected leadership change in January further complicate the landscape. The outcome of the case could reshape digital asset regulations and the future of XRP.
Chainlink targets $100 amid heavy buying from whales LINK surpasses $29 for the first time in 37 months. Whales add 5.69 million tokens, while smaller investors sell a similar amount. Strategic partnerships with Swift and Coinbase support bullish outlook. Analysts expect LINK to rise to $100, up 354% from current price.
Ripple CEO Yerad Garlinghouse tweets about the launch of the stablecoin#RLUSD👀👇
"We have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon - and a reminder: when RLUSD is live, you'll hear from @Ripple first."
XRP whales spark optimism for a big rally $46 million XRP moved from Binance to a private wallet. $139.5 million in outflows in 3 days. Forecasts indicate a potential 60% rise if $2.5 resistance is broken.
Floki Launches Debit Card in 31 European Countries
Floki has launched a new debit card available in 31 European countries, which users can top up with Bitcoin, Ethereum, Floki and other cryptocurrencies. This move is a boost to the use of cryptocurrencies in everyday life.
Cardano set for bullish momentum after massive inflows
Cardano (ADA) is up 8% after a 23% drop. Data revealed a massive $185.89 million inflow of ADA into wallets, indicating increased interest from whales. If the price holds above $1, it could surge 15% to $1.25, indicating strong bullish momentum.
XRP has seen a surge in retail interest, with Google data showing a spike in searches and a massive 329% price increase over the past month. Despite being down about 11.5% from its recent peak, active transactions and addresses show strong interest. The market is volatile, with some anticipating a possible rally in December or January.
The Impact of Martial Law on the Cryptocurrency Market in South Korea
South Korea has postponed cryptocurrency legislation until 2025 due to martial law, which has postponed cryptocurrency taxation and important decisions such as banning ICOs and corporate purchases of cryptocurrencies. This has caused a sharp 30% drop in Bitcoin prices, sparking widespread concern in the market and creating uncertainty about the future of the sector in the country.
US inflation rises to 2.7% in November: Rate cut expected Consumer price index report reveals inflation rises to 2.7%, with positive reaction for Bitcoin, up 2% to $98,859, amid speculation of rate cut next month.
XRP Drops 10%: Profit-taking and Korean Exchanges Impact XRP has seen a sharp decline of 10.63% since December 8 with a massive 15% drop on December 9. The reason is profit-taking and activity on Korean exchanges along with the impact of political and economic volatility in South Korea.
Don’t let market volatility tempt you into buying or selling rashly. What now looks like a bull market opportunity may be a “bull trap.” If you see prices falling, take advantage of the opportunity to buy instead of panicking. Stick to your strategy and trust that the market will recover over time. Fear-based selling fuels the decline, while patience and holding ensures that you benefit from the recovery. Protect your investments and focus on your goals for long-term success.
XRP: $213M in Outflows and Potential Upside Opportunity XRP has seen massive outflows from exchanges worth $213M, indicating increased interest from whales. With the price trading at $2.32 and a 30% rise to $2.90 expected, the coin looks to be in a positive position for bullish momentum.