Dogecoin has been bleeding lower in recent days, grinding back toward the mid-$0.13 band. Sellers have been in control of most candles in the past 24 hours, and each attempt at a rebound has faded quickly, leaving Dogecoin stuck near the bottom of a range.
One crypto analyst on X has focused attention on an important technical level on the 2-day chart. Even though price action looks weak, Dogecoin is now sitting right on a long-term support zone inside a descending triangle pattern, and this area could become the launchpad for a strong upside move if buyers react from here. The chart shared with the analysis highlights exactly where Dogecoin is resting and why this region matters.
Technical analysis of Dogecoin’s price action on the 2-day candlestick timeframe chart shows the meme coin has been trading in a clear descending triangle since December 2024. A downward-sloping trendline has capped every rally this year, leading to the creation of a series of lower highs that reflect persistent selling pressure throughout the year. At the same time, a horizontal support zone underneath in the mid-$0.135 to $0.14 region has caught multiple drops and prevented a deeper breakdown.
Right now, Dogecoin is pressing that lower border again. The candles on the 2-day chart cluster just above the dashed support band, and the analyst, who goes by Butterfly on X, circled this cluster in green to show how closely the price is hugging the level.
Each prior visit to this zone has produced at least a temporary bounce, which is why the current test is notable. The price action is tightening, and there is less room left for sideways movement before a decisive break happens.
In the post on X, the analyst notes that this support has been “respected multiple times” and that bulls are “getting ready to step in.” The most important thing is for the lower support to hold again, and the descending triangle may flip from a slow grind lower into a springboard for a strong reaction.
A firm defense of this zone would mean that sellers are running out of momentum at these prices. From there, even a modest wave of buying could drive Dogecoin back toward the descending resistance line that cuts across the chart from the $0.25 to $0.26 area. A break and close above that trendline would mark the first clean higher high in months and would confirm that the triangle has resolved to the upside.
The analyst’s green arrow on the chart sketches out this potential path. The path shows Dogecoin lifting from the current support band, breaking above resistance, and reaching as high as $0.4 in one swift move.
Bitcoin’s price action has been grossly dramatic throughout the year. After reaching its current all-time-high price of $126,000 in early October, the world’s leading cryptocurrency saw a rapid flip to the downside. Since reaching its October high, Bitcoin spiraled to as low as $80,500, a more than 15% negative deviation in reviewing year on year growth.
As the market sentiment thus ostensibly leans bearish, an on-chain analysis has recently been published, proffering reasons to believe that the negative sentiment among investors could be growing stronger.
In a QuickTake post on CryptoQuant, crypto pundit GugaOnChain brings to light the expiry of about $3.4 billion in Bitcoin options. This expiration event, which took place on Friday, 5th December, is one that typically triggers a “gravitational force” which attracts price to itself. By extension, price tends to move towards a specific price level referred to as the Maximum Pain Point, where option buyers incur the greatest losses, and sellers realize the most profits.
In this scenario, the Maximum Pain Point stood at approximately $91,000. As such, the Bitcoin price saw a rapid decline towards this mark. However, by the end of the session, Bitcoin had already slipped beneath its “gravitational force,” reaching as low as $89,500, and entering a range that amplified its buyers’ losses, while also maximizing its sellers’ (market makers) gains.
GugaOnChain also references readings from the Bitcoin: Funding Rates metric, which tracks the average funding rate across all major perpetual futures exchanges. As the analyst explains, this metric is useful in reading the prevalent market sentiment. For example, negative Funding Rates, such as the current reading of -0.001206, typically indicate the willingness of short traders to pay the longs for their positions. As such, it is evident that the market sentiment is more bearish than bullish.
There appears to be an alignment between the negative funding rates and the sell pressure supplied by the $3.4 billion expired options and breach of the $91,000 Maximum Pain Point. GugaOnChain explains that such a correlation further strengthens the narrative that the Bitcoin market could see an additional significant drop in its price.
While the long-term market direction may be well-defined, its short-term sentiment, however, reflects a more modest stance of utmost caution. As of press time, Bitcoin is valued at about $89,250. Over the past 24 hours, the premier cryptocurrency has lost approximately 3.38% of its value, per CoinMarketCap data.
Featured image from Shutterstock, chart from Tradingview
In a not-so-surprising turn of events, the bearish orientation of the Bitcoin price has continued into the month of December, suggesting that the premier cryptocurrency could end the year in the red. Interestingly, recent on-chain data has offered insights into the likely direction of Bitcoin based on the integrity of an important price level.
In a December 5 post on the X platform, market analyst Burak Kesmeci shared an interesting outlook on the direction of the Bitcoin price.
The analyst disclosed that whatever happens around the $82,000 mark could make or mar Bitcoin’s trajectory in the near term. To demonstrate why this price region is so important, Kesmeci pointed out that it appears to be the convergence point of two highly influential cost bases in Bitcoin’s history.
Kesmeci revealed that the Bitcoin spot exchange-traded funds have an average purchase cost of approximately $82,000. Because ETFs are one of Bitcoin’s strongest demand sources, tracking the values of their average cost-basis could serve as a good means to tell where the market stands institutionally.
The crypto pundit also referenced the Bitcoin True Market Mean metric, which monitors the cost at which active investors procured their holdings—except for mined or rarely-moved BTC. Notably, in the current market cycle, Bitcoin’s active participants mostly purchased their coins around a valuation of $82,000.
Usually, when price slips beneath any major price support, there is, in turn, an increase in overall selling pressure, as buy-side liquidity is converted to bearish momentum via losses incurred by investors. Hence, in the scenario where $82,000 fails to hold, a wave of bearish pressure is expected to ensue, as Bitcoin’s active investors try to cut their losses.
However, Kesmeci expects something even more specific to follow. According to historical data, whenever Bitcoin falls beneath its active market participant cost basis, it often falls further downwards, as though it is targeting its Realized Price.
At the moment, the Bitcoin Realized Price sits near $56,000 — a price level significantly beneath its investors’ average cost basis. Kesmeci therefore warned that a slip beneath $82,000 could precede Bitcoin’s sharp downturn towards $56,000.
This would represent an almost 40% decline from the current price point. As of this writing, the price of BTC stands at around $89,310, reflecting an over 3% dip in the past 24 hours.
According to remarks made on CNBC’s Power Lunch, Strategy’s CEO Phong Le said the company moved quickly to calm investor fears after Bitcoin fell sharply. The firm announced a $1.44 billion US dollar reserve on Monday, raised through a stock sale.
The reserve is meant to hold enough cash to cover at least 12 months of dividend payments right away, and the company says it will expand that buffer to cover 24 months over time.
Based on reports, Le said the drive was largely about stopping what he called “dividend FUD.” He added that the $1.44 billion was put together in eight and a half days and, by his count, represents about 21 months’ worth of dividend obligations.
“We’re very much are a part of the crypto and Bitcoin ecosystems. Which is why we decided a couple of weeks ago to start raising capital and putting US dollars on our balance sheet to get rid of this FUD,” Le said on Friday.
This afternoon, Phong Le, CEO of @Strategy, joined @CNBC @PowerLunch to discuss how $MSTR moves with bitcoin, how our USD reserve addresses recent FUD, the shifting Overton Window, key volatility drivers, and why bitcoin’s long-term outlook remains strong. pic.twitter.com/1t5hsfov0m
— Strategy (@Strategy) December 5, 2025
The move followed growing questions about whether Strategy could meet its payout and debt commitments if its share price plunged. Company materials also highlight a new “BTC Credit” dashboard that claims the firm now holds enough assets to service dividends for more than 70 years.
Bitcoin’s slide has been severe. Once trading above $126,000 earlier this year, BTC fell roughly 30% from that high and hit about $88,130 on Friday, after a one-day drop near 4%.
Reports tie the decline to a wave of forced liquidations and dwindling retail interest. At the same time, money has flowed into gold, silver and some large-cap stocks, leaving crypto out of the rally.
Analysts such as Stephane Ouellette of FRNT Financial say the pullback could be a normal reset after a big run, not a sign that crypto is finished.
Short Sellers, Stock Moves, And Market SignalsInvestors had been asking whether Strategy would sell Bitcoin if the stock tumbled. Le told CNBC the company would only consider selling its BTC holdings if the stock price fell below net asset value and fresh capital was unavailable.
That stance was meant to reassure holders that the firm was not planning to liquidate core assets on the first sign of trouble. Still, the recent volatility fed narratives that dividend payments and debt service might be at risk, which in turn encouraged some market participants to place bets against the company.
Company Says It Will Avoid Selling BitcoinStrategy’s public messaging emphasized access to capital as proof of strength. Raising $1.44 billion in a down cycle, the CEO said, was also designed to show the market that the company could still attract funding.
Based on reports, that was part of an effort to stop short sellers from piling into positions that bet on further declines. The company’s dashboard and the stated runway targets are clear signals aimed at easing investor anxiety.
Featured image from Unsplash, chart from TradingView
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The movement of these rare physical Bitcoins highlights the enduring value and historical significance of early crypto artifacts.
The post Two Casascius coins with $2,000 Bitcoin move after 13 years of dormancy appeared first on Crypto Briefing.
Two long-dormant Casascius coins, each loaded with 1,000 Bitcoin, were activated on Friday, unlocking more than $179 million that had sat untouched for over 13 years.
According to onchain data, one of the coins was minted in October 2012 when Bitcoin traded at $11.69. The other dates back to December 2011, when BTC was worth $3.88, giving that piece a theoretical gain near 2.3 million% since minting.
Based on reports, Casascius coins (metal coins) were produced between 2011 and 2013 by Utah entrepreneur Mike Caldwell as physical representations of Bitcoin. Each coin or bar concealed a paper with a private key, and a tamper-resistant hologram covered that key.
— Sani | TimechainIndex.com (@SaniExp) December 5, 2025
Records show only 16 of the 1,000 BTC bars and 6 of the 1,000 BTC coins were ever made, making these items both rare and historically important.
Caldwell shut down the operation after receiving a letter from FinCEN that raised questions about whether his business qualified as an unlicensed money transmitter.
The mechanism was simple in practice but strict in outcome: whoever removed the hologram and revealed the private key could claim the full Bitcoin value stored beneath it.
Once that sticker was lifted and the private key used, the coin no longer carried any Bitcoin value. Based on reports, collectors treat that moment as irreversible. Some owners chose to move funds off the physical coins without cashing out.
Rarity And Returns
Numbers here show why collectors and investors watch these events closely. Two coins at 1,000 BTC each represent a huge hoard when prices are high. Even leaving aside the cost of minting, the December 2011 coin’s rise from $3.88 to current market valuations yields a headline-grabbing multiple.
But experts warn that turning the private key into spendable Bitcoin is only the first step; what happens next depends on the holder’s choices. Some will hold. Others may move funds into cold storage. Selling is not guaranteed.
Derivatives Market ShockMeanwhile, the spot and derivatives markets are experiencing high volatility. Based on CoinGlass data, today’s derivatives activity showed an 11,588% liquidation imbalance that overwhelmingly wiped out long positions.
Bitcoin, at the time of writing, was trading below $90,000, and more than $20 million in BTC long liquidations occurred in minutes while short positions barely budged. That kind of one-sided pressure happens when many traders are crowded in the same direction and conditions change quickly.
Featured image from Unsplash, chart from TradingView
Crypto firm Ripple recently announced its mission to be the one-stop shop for crypto infrastructure. This came as the firm highlighted the acquisitions it made this year in a bid to achieve this mission.
In a blog post, Ripple touted itself as the one-stop for crypto infrastructure. The firm noted that it had invested almost $4 billion into the crypto ecosystem through strategic investments and acquisitions. It added that 2025 marked its most ambitious year yet with four major acquisitions pointing toward one mission of being the one-stop infrastructure provider for moving value the way information moves today.
Ripple stated that some acquisitions will plug directly into Ripple payments to give its customers a unified, seamless operating environment with even more capabilities and currencies. Meanwhile, others will operate independently while benefiting from shared infrastructure. The firm noted that together, these companies will bring it closer to owning the full financial plumbing behind global value movement.
Furthermore, the company noted that businesses are operating in real time, but their financial infrastructure still isn’t. The firm believes that its unified offering gives companies the ability to bring their money management and movement up to the expectations of the digital world. It then went on to highlight how its newest acquisitions are critical to powering this change.
The firm stated that its now-closed acquisition of GTreasury marks a significant expansion into the multi-trillion-dollar corporate finance arena, a market that it noted many predict will lead the next phase of crypto adoption. The firm further remarked that through access to the global repo market via Ripple Prime and Ripple Payments’ real-time cross-border rails, corporate treasury teams can unlock idle capital, move money instantly, and open up new growth opportunities.
Ripple then highlighted its $200 million acquisition of Rail, which it stated will make the firm’s Payments the market’s most comprehensive end-to-end stablecoin payments solution. The firm said that it is compliantly connecting the best of fiat and crypto assets so that businesses can move money faster, save costs, and build to grow.
Ripple stated that its acquisition of Palisade broadens the range of customer use cases for custody, which is one of its central product strategies. It noted that Palisade’s “wallet-as-a-service” technology extends the company’s Custody’s inherent appeal to banks and financial institutions that carry out high-frequency transactions.
Lastly, the payment firm highlighted its acquisition of Hidden Road, which is now Ripple Prime. It stated that this completes the liquidity and execution layer of its one-stop shop vision. The Prime offers institutional-grade prime brokerage, clearing, and financing. This enables clients to execute OTC spot trades for major crypto assets, including XRP and RLUSD. While Palisade custodies assets and Rail moves them, Ripple noted that its brokerage business ensures that they can be traded efficiently, financed responsibly, and accessed through regulated channels.
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The post French banking giant BPCE will start letting customers buy Bitcoin and major tokens on Monday appeared first on Crypto Briefing.
Industry leader Tom Lee has shared how the Ethereum price could reach $12,000 within the next few months. He based his prediction on the Bitcoin price action and how ETH could match the flagship crypto on a potential run to the upside.
Speaking at the Binance Blockchain Week, Tom Lee predicted that the Ethereum price could reach $12,000 as Bitcoin rallies to $250,000 within the next few months. He explained that ETH can reach the $12,000 target if the ETH/BTC ratio returns to its eight-year average of 0.0479. Lee described this potential rally to $12,000 as a “huge move.”
Tom Lee further predicted that the Ethereum price could reach $22,000 if the ETH/BTC ratio gets to its 2021 high of 0.0873. He added that he believes Ethereum will become the future of finance and the payment rails. As such, Lee predicted that the ETH/BTC ratio could reach 0.2500, sparking an Ethereum rally to as high as $62,500. In line with this, the expert declared that ETH at $3,000 is “grossly undervalued.”
Tom Lee also remarked that the bigger the base, the bigger the breakout for the Ethereum price. He noted that ETH spent years building a similar base to its current price action before the move from $90 to its previous all-time high (ATH) of $4,866. The expert added that if the pattern plays out again, the next leg could be larger than what people expect.
It is worth noting that Tom Lee is the chairman of BitMine, which is the largest Ethereum treasury company. According to Strategic ETH Reserve data, the company currently holds 3.73 million ETH, which is just over 3% of the altcoin’s total supply. Lee remains bullish on the Ethereum price, despite his company holding an unrealized loss of $3.3 billion of their ETH investment.
Market commentator Milk Road described Tom Lee’s Ethereum price prediction of $62,000 in a few months as being ambitious. The platform stated that an ETH/BTC ratio of 0.25 has never happened. The highest it has ever gone is 0.15, and that was during the 2017 supercycle, which makes it less likely now, given that market conditions have changed.
Tom Lee had based his Ethereum prediction on Bitcoin hitting $250,000, which Milk Road also described as an issue. The market commentator noted that BTC would need to surge 177% from current prices to reach this target. The last time this happened was in 2020 when it surged from $7,000 to $19,000 during the “peak mania.” Notably, BTC didn’t record a 100% gain even when the Bitcoin ETFs launched last year.
At the time of writing, the Ethereum price is trading at around $3,000, down over 4% in the last 24 hours, according to data from CoinMarketCap.
The European Commission has moved to allocate the supervision of crypto companies and their activities under the sole jurisdiction of the European Securities and Markets Authority (ESMA). This move will end the application of different regulatory styles in several member states operating under the EU’s Markets in Crypto-Assets regulation (MiCA).
In a Thursday announcement, the European Commission, the executive arm of the European Union (EU), rolled out a series of regulatory measures aimed at creating a singular financial service market. This initiative centers around creating a competitive, innovative, and efficient financial system that offers EU citizens better options for wealth growth and business financing.
A statement from the announcement read:
Deeper integration of financial markets is not an end, but a means to create a single market for financial services greater than the sum of its national parts. Simplified access to capital markets reduces costs and makes the markets more appealing for investors and companies across all Member States, irrespective of size.
In particular, the EC’s new regulatory package will move the oversight of Crypto-Asset Service Providers (CASPs), among other groups of businesses to under the sole authority of the ESMA. Interestingly, the EC’s recent move comes just three months after the French, Austrian, and Italian market authorities pushed for a stronger European framework for cryptocurrencies, citing major differences in each national implementation of the MiCA regulations.
Presently, crypto regulation across the 27 EU member states operates under MiCA, resulting in a patchwork of national approaches which the EC claims is hindering competition and effective cross-border operations. The ESMA’s singular regime aims to eliminate these discrepancies in order to provide a better integrated EU financial market.
The EC said:
Improvements to the supervisory framework are closely linked to the removal of regulatory barriers. The package aims to address inconsistencies and complexities from fragmented national supervisory approaches, making supervision more effective and conducive to cross-border activities, while being responsive to emerging risks.
Alongside the new singular regime, the European Commission has also expressed plans to create a friendly environment for the adoption of distributed ledger technology, e.g, blockchains, to spur innovations in the financial sector. However, all these regulatory changes still remain subject to negotiation and approval by the European Parliament and European Council.
At the time of writing, the total crypto market cap is valued at $3.04 trillion, following a slight 0.25% loss in the past day. Meanwhile, total trading volume is valued at $135.47 billion.
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A famous member of the XRP community shared a list of macro and crypto-related catalysts that motivated him to increase his XRP position today. The broader crypto market continued its downturn yesterday, plummeting 2.87% over the past 24 hours to $3.05 trillion.
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