Bitcoin at $95,000: Is $100K on the Horizon or a Steeper Road Ahead?

The crypto world continues its rollercoaster ride this Thanksgiving, with Bitcoin flirting near $95,000 after a failed attempt to breach $98,000. Historically, holidays like Thanksgiving have been periods of heightened market volatility, and the crypto space is no exception. While Bitcoin struggles to push past key resistance levels, altcoins like Ethereum and BNB show contrasting fortunes, adding an extra layer of intrigue.
Market Snapshot
🟢 Bitcoin (BTC): $95,000 (+1%)
Despite bullish attempts, Bitcoin is yet to decisively break past $100K. The resistance zone near $98K remains firm, with selling pressure surfacing each time it tests new highs. Analysts suggest we might see increased activity over the weekend as traders react to global economic news and regulatory developments.
🟢 Ethereum (ETH): $3,601 (+4%)
Ethereum remains a market leader in altcoins, showing resilience and a healthy gain. Upcoming updates and Ethereum's ecosystem expansion continue to attract investor interest.
🟢 Binance Coin (BNB): $656.23 (+5%)
BNB leads the charge among major tokens, riding high on the growing popularity of Binance's ecosystem and platform improvements.
🔴 Cardano (ADA): $0.9887 (-2%)
Cardano struggles to maintain momentum, reflecting broader uncertainty in the crypto space about Ethereum challengers.

Regulatory Updates
The U.S. is rethinking its crypto policies as former CFTC chair Chris Giancarlo (nicknamed "Crypto Dad") emerges as a strong candidate for a leadership role in shaping future regulations. Giancarlo has been a staunch advocate for technology-driven oversight, favoring the CFTC over the SEC for crypto regulation.
Meanwhile, Senator Cynthia Lummis is pushing for the U.S. to consider establishing a Bitcoin reserve to secure its position in the global financial ecosystem. Could we see the U.S. moving closer to integrating crypto into its financial strategy?

Global Competition: Hong Kong’s Bold Move
In a bid to rival Singapore and Switzerland, Hong Kong has proposed tax exemptions for private equity funds, hedge funds, and family offices dealing in crypto. This move could transform the city into a crypto and offshore finance hub. The Chinese territory is taking aggressive steps to attract the super-rich and their investment vehicles as mainland China clamps down on wealth accumulation.
"These measures are essential to level the playing field with global financial hubs like Singapore and Luxembourg," said Patrick Yip of Deloitte China.
What’s Next?
Bitcoin’s Milestone: A potential breakout above $100K could trigger a new wave of institutional and retail interest. Regulatory Clarity: The U.S.'s regulatory stance will influence global sentiment, especially with Trump’s transition team considering key appointments. Global Hubs: Hong Kong’s aggressive policies could shift the balance of power in the crypto industry.
🚨 Disclaimer: This post is for informational purposes only. Cryptocurrency investments are highly volatile and speculative. Always conduct thorough research or consult a financial advisor before investing.

What are your thoughts on Bitcoin’s next move or Hong Kong’s tax exemption plan? Share your insights below!
#BinanceHODLerTHE #MarketInTheGreen #EthereumAwakening? #MarketBuyOrHold? #BTC☀
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Key SHIB Metric Frozen, Cardano's Potential to Surpass TRX and DOGE, Ripple's Major Event with Coinbase
In the ever-evolving world of cryptocurrencies, recent developments have captured the attention of investors and enthusiasts alike. Here’s a detailed look at the latest trends and movements impacting SHIB, Cardano, and Ripple.
SHIB: Key Metric Stalled
The Shiba Inu (SHIB) cryptocurrency has been a focal point in the market for its volatility and unique meme-driven community. However, a significant metric related to SHIB has shown little to no movement in recent days. Specifically, the number of active addresses and transaction volumes have remained stagnant, suggesting a potential slowdown in network activity or a consolidation phase.
This stagnation could be indicative of a larger trend where market participants are awaiting a catalyst for movement. Investors and analysts are keeping a close eye on these metrics as they could signal upcoming changes in market dynamics or the need for strategic adjustments.
Cardano’s Ambitious Surge
Cardano (ADA) has been making waves with its strategic developments and enhancements. Recent updates suggest that Cardano could potentially overtake TRON (TRX) and Dogecoin (DOGE) in market capitalization and influence. The driving factors include:
Technological Advancements: Cardano continues to make progress with its smart contract capabilities and decentralized finance (DeFi) projects. The ongoing development of its ecosystem could attract new projects and investments.Community Support: A strong and engaged community often plays a crucial role in the success of a cryptocurrency. Cardano’s community has been active in advocating for its vision and developments.Regulatory Clarity: As regulatory environments evolve, Cardano’s emphasis on compliance and governance could position it favorably compared to its peers.
If these factors continue to align positively, Cardano might experience significant upward momentum, potentially surpassing TRON and Dogecoin in the near future.
Ripple’s Major Event with Coinbase
Ripple (XRP) has been in the spotlight recently due to its upcoming event in collaboration with Coinbase. This partnership is expected to be a major milestone for Ripple, potentially signaling new developments or product launches that could impact its market position.
The details of the event are yet to be fully disclosed, but Ripple’s association with Coinbase, one of the largest and most reputable cryptocurrency exchanges, suggests a significant announcement or initiative. This could include:
New Listings or Integrations: Ripple might be looking to expand its presence on Coinbase, enhancing its liquidity and accessibility for investors.Technological Partnerships: The event could highlight new technological advancements or partnerships that bolster Ripple’s network and use cases.Regulatory Updates: Given Ripple’s ongoing legal challenges, any developments related to regulatory compliance could be a focus of the event.
Investors and stakeholders should stay tuned for updates from both Ripple and Coinbase, as this collaboration could have substantial implications for the XRP market.
Conclusion
As the cryptocurrency landscape continues to evolve, SHIB's stalled metrics, Cardano’s potential rise, and Ripple’s upcoming event with Coinbase are key areas to watch. Each of these developments could play a pivotal role in shaping market trends and influencing investor sentiment. Staying informed and proactive will be essential for navigating these dynamic changes in the crypto space.
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