Statements by Chairman Xi Jinping were a major catalyst for renewed interest in Chinese cryptocurrencies. Cryptos such as TRON, NEO, and Ontology demonstrated strong 7-day returns following Xi’s comments, but this newfound momentum appears unsustainable.

Coinbase Card, a VISA debit card connected to the Coinbase wallet, has now expanded to 10 more European countries. The selection of cryptocurrencies has also been augmented with five new coins including XRP and BAT.

• Ripple has a bearish short-term and short-term trading bias
• The four-hour time frame shows that a bearish trendline break has occurred
• The daily time frame is showing that a valid inverted head and shoulders pattern remains in play

Ripple is back under heavy downside pressure, following a sustained bearish breakdown under the psychological $0.30 support level. The cryptocurrency is now at serious risk of falling back towards its current yearly trading low.

Many argue Bitcoin’s price rises before a halving. Others say it comes after the event. And, to some, halving-induced price changes are a myth. Up 200% this year, is the Bitcoin halving already priced-in?

The cryptocurrency market is back under pressure with Bitcoin and a number of other altcoins, including XRP and Bitcoin Cash, losing bullish momentum and trading in the red.

Bitcoin quickly reversed from a high of $8,780 to a low of $8,620. The move appears to be technically driven as buyers failed to break above the Nov. 12 trading high.

Excluding Bitcoin, the total market capitalization is currently $81.3 billion, down from $83.4 billion from last week, a loss of 2.5%. 

Messari, a crypto data and research provider, announced that it secured $4 million in funding led by Uncork Capital. Additionally, the fund’s founder, Jeff Clavier, will join Messari’s board of directors.

Binance.US opened almost two months ago amid significant anticipation. But, it appears to have failed to deliver on the hype as its liquidity remains comparatively low to incumbents like Bittrex and Kraken.

Binance America was launched in September following the restriction of U.S. users from the main trading platform. The new exchange can be considered a Binance franchisor — it draws from its technology and brand, but is otherwise a separate entity where Binance is a (main) stakeholder.

• Holochain has a bullish short-term bias and a bearish medium-term trading outlook
• The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed
• The daily time frame is showing an even larger inverted head and shoulders pattern in play

Holochain has been slowly advancing over the last few weeks, with the cryptocurrency racking up an impressive twenty percent gain since the start of November.

The so-called Ethereum killers never arrived. The network thrives as ERC-20 tokens approach Ethereum’s capitalization. Other smart contract platforms are not even close to Ethereum in terms of relative activity.

Bitski, a startup working in the crypto wallet space, announced it raised a $1.8 million seed round from Galaxy Digital, Winklevoss Capital, and Coinbase, among others, bringing total fundraising to $3.5 million.