Bitcoin’s price is showing signs of weakness, struggling to sustain momentum above $95,000 amid overleveraged futures markets and technical bearish patterns. A double-top formation on the four-hour chart suggests a possible drop to $90,000 or lower if BTC loses key support at $95,000. Analysts foresee a potential liquidity sweep to as low as $85,000, but such corrections are expected to be short-term. On the upside, a breakout above $98,000 could drive BTC toward $110,000, while current trading ranges maintain uncertainty.

NFT Market Resurgence: November Sales Soar to $562M, a Six-Month High

In November 2024, non-fungible token (NFT) sales hit $562 million, marking a 57.8% increase from October and the highest monthly volume since May. This resurgence is part of a broader recovery in digital collectibles after a prolonged slump. Key contributors included Ethereum and Bitcoin, with Ethereum leading in total volume ($216M) and Bitcoin experiencing the highest percentage growth (99.44%). Popular collections like CryptoPunks and Pudgy Penguins saw significant price and sales surges, with CryptoPunks’ floor price jumping 52% and Pudgy Penguins’ sales volume increasing by 262%.

Ripple to Launch RLUSD Stablecoin: A Game Changer for Cross-Border Payments

Ripple is set to launch its USD-pegged stablecoin, RLUSD, on December 4, following approval from the New York Department of Financial Services. RLUSD, backed 1:1 by US dollar deposits and cash equivalents, will debut on Ripple’s XRPL and Ethereum networks, with plans for future expansion. Ripple aims to integrate RLUSD and XRP in its cross-border payments solution, targeting institutional clients. RLUSD is designed to complement XRP, enhancing liquidity and stability. Ripple CEO Brad Garlinghouse emphasized the stablecoin’s focus on compliance and institutional adoption, presenting RLUSD as an alternative in the stablecoin market.

📊 CRYPTO PRICES 7D 💰

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