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Ethereum Trails Bitcoin—Could BTC Dominance Spark a Comeback?

Ethereum lags in performance compared to Bitcoin, but a shift in BTC dominance could signal a turning point for the altcoin leader.

• Main Points:

  • ETH’s Recent Struggles: Market cap and transaction activity trail Bitcoin.

  • BTC Dominance Impact: Rising Bitcoin dominance has diverted liquidity away from altcoins.

  • Signs of Rebound: Declining BTC dominance and rising Ethereum inflows hint at a shift.

• Detailed Insights:

  • Underperformance Metrics: Ethereum’s market cap grew $100B in November, compared to BTC’s $480B. It remains far from its all-time high (ATH), unlike some rivals.

  • Liquidity Trends: Bitcoin dominance is showing signs of reversal, with liquidity possibly flowing back into Ethereum and other altcoins.

  • Holder Behavior: Large Ethereum inflows (488K ETH) outpaced outflows (312K ETH) on Nov. 15, indicating accumulation.

  • Potential Catalyst: A drop in Bitcoin dominance could redistribute attention and capital toward Ethereum, driving a stronger recovery.

  • While Ethereum faces hurdles, its recent momentum suggests it could still reclaim its competitive edge in the crypto market.

Related: XRP Surges 17%, Outperforming Crypto Market

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XRP Falls 20% After Multiyear High—What’s Next?

After a 56% surge to $1.26, XRP faces a significant pullback as whales book profits and retail traders sell off. Could this correction set the stage for another rally?

• Main Points:

  • Profit-Taking Hits XRP: Whales moved millions to exchanges, driving a 13% decline.

  • Retail and Whale Behavior: Small holders sell while whales accumulate, signaling mixed market sentiment.

  • Market Metrics: Overbought RSI hints at correction, but analysts remain optimistic.

• Detailed Insights:

  • Whale Influence: Over 44M XRP were moved to exchanges during the price surge, indicating profit-taking. Retail wallets dumped 75.7M XRP, while whales accumulated 453.3M tokens.

  • Liquidations Spike: XRP saw $12.6M liquidated in 24 hours, with $9.1M from long positions, exacerbating volatility.

    Overbought Signals: RSI heatmap shows XRP is overbought on 4 of 6 timeframes, suggesting short-term cooling off.

  • Optimistic Outlook: Analysts project a potential drop to $0.65-$0.75 to reset for a rally, with long-term targets as high as $15-$20.

  • XRP's retreat reflects natural market cycles, and strategic moves by whales hint at potential for a bullish rebound.

Related: Cathie Wood: Bitcoin Could Reach $1.5M by 2030

Trump and Milei Unite: "Make Argentina Great Again"

Donald Trump met with Argentine President Javier Milei at Mar-a-Lago, celebrating their shared vision for governance. The leaders discussed trade and freedom-focused policies, marking a potential new era of U.S.-Argentina relations.

• Main Points:

  • Historic Meeting: Milei becomes the first leader to meet Trump post-election.

  • Policy Alignment: Both leaders champion freedom and economic growth initiatives.

  • Trade Expansion: Discussions hinted at deeper U.S.-Argentina trade agreements.

• Detailed Insights:

  • Event Significance: The meeting took place before the America First Policy Institute gala, showcasing Milei's support for Trump's leadership and global influence.

  • Mutual Praise: Trump called Milei a “MAGA person,” while Milei praised the global impact of Trump's victory.

  • Economic Ties: Reports suggest Milei is exploring U.S. free trade agreements and enhanced collaboration with Elon Musk’s ventures.

  • The meeting underscores a strong political and economic alignment, potentially shaping a robust partnership between the U.S. and Argentina.

Related: Dormant Satoshi-Era Wallet Moves $180M BTC to Coinbase

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results