and the distribution of digital products.
After months of struggling below the $4,000 price mark, Ethereum finally breached this notable resistance level on December 6, with a current trading price of $4,003, increasing by 2.7% in the past day.
However, while this milestone has generated optimism among investors, market metrics indicate potential risks of profit-taking and corrections.
Durov said that he “trusts the French justice” system but refused to elaborate on the legal proceedings.
The Fear & Greed Index is up 48 points from August, indicating investors are hopeful for the future. BTC hit a new all-time high of $103,900, but it’s not the only crypto that can bring significant returns this season.
Alternative cryptos may offer more upside due to their innovative use cases, volatility (which in bullish times becomes a pro), and early entry opportunity. Let’s see which cryptos are the most likely to explode this December.
Nasdaq-listed medical device manufacturer Semler Scientific has expanded its Bitcoin (BTC) holdings, acquiring an additional 303 BTC for $29.3 million. The company continues to double down on its MicroStrategy-inspired corporate treasury strategy.
High Bitcoin Price Not A Barrier To PurchaseBitcoin made history this week by surpassing the $100,000 price level for the first time, pushing its total market capitalization past $2 trillion. Despite BTC’s record high price, corporate buyers like Semler Scientific remain undeterred and continue accumulating the flagship cryptocurrency.
The Cardano native token is one of the top-performing digital assets this week and currently trades at $1.13 and $1.23. While its price action pales in comparison to the industry leaders this week, led by Bitcoin and XRP, ADA’s performance relative to other altcoins has still become a source of optimism for many.
One market analyst even sees Cardano’s ADA eventually overtaking Dogecoin in the list of top cryptos by market cap.
:::info Author:
(1) David Staines.
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Table of LinksData shows the cryptocurrency derivatives market has suffered a massive amount of liquidations after the Bitcoin flash crash during the past 24 hours.
Bitcoin Has Witnessed Significant Volatility During The Last DayBTC has displayed some wild price action in the past day, with both a high of $103,500 and a low $90,500 occurring inside a narrow window. The move to the latter level, in particular, was so sharp that it could only be described as a flash crash.
YouTube investigator Coffeezilla has called for an end to the spread of misinformation about viral influencer Hailey Welch’s recent controversial memecoin launch, HAWK.