cryptousershit18m

According to BlockBeats, data from Token Terminal reveals that the number of daily active users in the global cryptocurrency market reached a record high of 18.7 million in December. This marks a significant increase from the beginning of the year when the figure stood at 7.7 million.

Ripple’s $XRP
is also in the red on a weekly scale, albeit charting less substantial losses than Shiba Inu. However, the asset remains one of the best performers in the past month, with its price skyrocketing by over 250% and currently trading above $2.30.

Some of the factors that have fueled XRP’s impressive spike over the last several weeks include Gary Gensler’s (the current Chairman of the US SEC) announcement that he will step down in January next year and the progress of Ripple’s upcoming stablecoin. Not long ago, CEO Brad Garlinghouse revealed that the financial product received regulatory approval from the NYDFS.

Many industry participants believe XRP is now gearing up for another massive rally. X user Ali Martinez recently noted the emergence of a bull flag on the asset’s price chart, predicting a rise to a new all-time high of $4. However, he believes the road to the peak might be bumpy and include a brief correction.

Prior to that, he claimed that XRP “looks undervalued after breaking out of this massive multi-year symmetrical triangle.” He set a “conservative target” of $8.40 and an “optimistic” one of a staggering $48.12.
#CryptoUsersHit18M

—𝐖𝐡𝐚𝐭 𝐃𝐨𝐞𝐬 𝐈𝐭 𝐌𝐞𝐚𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭?
@undefined
December 11, #BlackRock⁩ executed a major transaction, moving over 100,000 BTC to 29 newly created wallets within just five hours. While this may appear to be a routine measure to secure assets, a closer analysis reveals potential strategic motives behind the move. Is this a precursor to a major sell-off, or could it be a calculated play to influence market sentiment?

Possible Scenarios🚀

Two primary possibilities emerge from this development:

1. Strategic BTC Sales: While some may dismiss the idea of BlackRock selling its holdings, it cannot be entirely ruled out. With the current market climate, realizing profits on a portion of their Bitcoin could be tempting. However, their Bitcoin ETF initiative makes this scenario less likely.

2. Market Manipulation: Historical patterns suggest that such large-scale moves often aim to shake confidence among retail investors. For instance, similar tactics were observed during the Mt. Gox and German BTC sell-offs, where panic-selling drove Bitcoin’s price significantly lower.

What Could Happen Next?🤔

This strategic transfer could signal an effort to disrupt Bitcoin’s rally as it approaches the psychologically significant $100k milestone. By triggering fear and uncertainty, retail investors with weak hands may exit prematurely, clearing the path for institutional players to capitalize on the next bull phase. BlackRock’s potential influence here is massive, capable of doubling the market impact seen in previous large-scale sell-offs.

Investor Insight🚨
For now, caution is key. If you’re already in the market, consider holding your position and observing the developments closely. For those looking to enter, patience might pay off, as volatility could spike in the short term. Stay informed and ready for opportunities when the dust settles.

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#𝐈 𝐚𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 🤗😊
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