Bitget Daily Morning Brief: Trump to Conduct Final Round of Fed Chair Interviews This Week

Hyperliquid dips despite $4.2M whale move – Can HYPE break free?

ambcrypto4 min fa

Bitcoin Struggles Near $90K as ETFs Absorb Retail Demand and On-Chain Activity Drops

Bitcoin is trading near $90,000 amid weakening momentum, influenced by macroeconomic uncertainty, thin liquidity, and structural market shifts. U.S. spot Bitcoin ETFs, such as BlackRock’s IBIT, are attracting significant institutional investment, while on-chain activity declines as retail investors increasingly opt for ETF exposure rather than direct ownership. This transition is altering Bitcoin’s economic model, with ETF issuers capturing more value than miners or network users. Price action remains subdued despite supportive events, such as large corporate purchases, with traders cautious ahead of the Federal Reserve’s policy decision. Analysts note recurring sell-offs around the U.S. market open, potentially linked to institutional trading behaviors, and warn that holding the $88,000 support level is critical to avoid further declines. Miners are also under pressure due to low profitability, leading some to shift toward AI infrastructure.

bitcoinist7 min fa

Meme Coin Surpasses Price Data Indicates: SHIB's 'Social Media Temperature' Has Already Soared, Market FOMO Is Coming Soon

Over the past week, Shiba Inu (SHIB) has seen a significant surge in spot trading volume across major exchanges like Kraken, Binance, and Bybit, rising by 154% on Kraken alone. Despite a general market downturn, SHIB’s price increased nearly 7%, suggesting strong buyer interest at key support levels. Leverage traders are also leaning bullish, with long/short ratios above 1, though derivatives activity declined. Potential catalysts include expected Federal Reserve rate cuts, which could boost liquidity in crypto markets, and Bitcoin’s attempt to hold above $90,000, which may influence SHIB positively due to their correlation. Community updates highlight over 45 billion SHIB moved off exchanges, indicating accumulation, including a $35 million whale transfer to private wallets. Upcoming developments like Coinbase’s SHIB futures launch on December 12 and the New York Stock Exchange’s filing for a SHIB ETF signal growing institutional interest. Shibarium network upgrades, including enhanced privacy features planned for next year, may further support SHIB’s growth. As of writing, SHIB trades around $0.000008498, showing modest gains in the last 24 hours.

金色财经9 min fa

XRP's Rally Hits the Brakes: Major Players Retreating or the Calm Before the Storm?

XRP Price Pulls Back After Rally, Tests Key Support Levels XRP experienced a steady rise above $2.150 before entering a corrective phase. The price has declined, testing the $2.080 support zone, but remains above the $2.050 level and the 100-hour simple moving average. A rising trendline is forming with support near $2.070 on the XRP/USD hourly chart. If the price manages to break above the $2.120 resistance, it could initiate a fresh upward move toward $2.150 and potentially test $2.180. A clear break above $2.180 might push the price toward the $2.225 resistance, with further gains possibly targeting $2.250 and even $2.288. However, if XRP fails to overcome the $2.120 barrier, it may face further declines. Immediate support lies near $2.070, followed by a major support level at $2.050. A break below $2.050 could lead to a drop toward $2.00, with further downside potential toward $1.985 and possibly $1.920. Technical indicators show bearish momentum, with the hourly MACD accelerating in the bearish zone and the RSI below the 50 level.

金色财经11 min fa

12.10 Today's Market: Why the Rise? BTC\SOL\ETH\BNB\AAVE\DASH\SYRUP\Mubarakah Operation Analysis

Crypto Market Analysis - December 10: In the past 24 hours, 115,623 traders were liquidated, totaling $432 million, with the largest single liquidation on HTX's BTC-USDT at $23.99 million. Market sentiment appears stable with lower turnover, suggesting investors are awaiting key events like the upcoming Fed and BOJ interest rate decisions. Key technical levels: - **BTC**: Support at 91,400–90,300; breakdown may test 88,700 or 86,800. Holding above 94,200 could push toward 95,000–96,200. - **SOL**: Support at 133.4; break may target 129.7 or 125.3. Resistance at 141.7, with upside to 146–148 if held. - **ETH**: Resistance at 3,375; above that targets 3,444. Support at 3,150, with potential dips to 3,010 or 2,960. - **BNB**: Key level at 887; holding may lead to rebound toward 905–926. Failure to hold 898 may see a drop to 878, 870, or 857. The article emphasizes long-term value investing over short-term technical signals, citing assets like BTC, ETH, and BNB as fundamentally strong. SYRUP protocol is noted for strong fundamentals with $2.2B in deposits and consistent inflows. ZEC is up over 20%, with advice to take profits. DASH shows a bullish head-and-shoulders pattern, potentially targeting 64 if it breaks 53.86. AAVE remains a DeFi leader with over $10B TVL, highlighting its strong moat. A hack involving He Yi’s WeChat promoting Mubarakah led to a pump-and-dump, netting millions.

金色财经13 min fa