Ethereum is gaining momentum, and several technical signals suggest that a significant move could be on the way. With key support levels holding and bullish patterns forming, the market may be setting up for a notable upside.

Golden Pocket Rejection: Confirming The High-Risk Scenario

In a recent update on X, analyst Luca referenced his recent market commentary, noting that Ethereum price action unfolded exactly as he had anticipated, with the price tapping into the lost high-timeframe support range. This range aligned with the golden pocket between the 0.5 and 0.618 Fibonacci retracement levels, and the price rejected there, confirming the high-risk scenario he had highlighted in advance.

Since that rejection, the price has broken below the key 0.618 Fibonacci Point of Interest (POI). However, the asset is still managing to hold above the crucial 1-Day Bull Market Support Band. Luca stressed that this band has historically served as a strong reversal spot over the last couple of months. Thus, he believes the current low-timeframe market structure is not yet fully invalidated.

Despite this technical hold, the analyst reiterated his cautious approach, stating that until he sees clear signs of strength on the low-timeframes, signs that can durably confirm the bottom is in and that key support levels are properly reclaimed, he won’t scale out of his edges.

Luca concluded that until that concrete bullish confirmation materializes, the most likely outcome for the immediate future remains further consolidation. The market needs time to absorb the recent volatility and build a new base before a more durable reversal to the upside can take hold.

ETH/BTC Trendline Breakout: Market Risk Appetite Returns

Crypto analyst Paramatik outlined that a major structural event has occurred on the ETH/BTC charts: a falling trend breakout. This is a highly significant development, although Paramatik suggests that a retest of this broken trendline may occur before the upcoming Federal Reserve meeting.

The analyst provided clarity on what this breakout means for the broader market. First and foremost, this situation is interpreted as a strengthening signal for Ethereum. When ETH begins to gain value relative to Bitcoin, it typically indicates that the market’s overall risk appetite is returning, as investors shift capital from BTC to ETH.

Secondly, the gained strength in Ethereum is often the key trigger for the start of the much-anticipated altcoin season. This is because investors first shift funds from BTC to ETH, and then move capital into the riskier, smaller altcoins in hopes of achieving higher returns.

Paramatik summarized his findings by stating that this breakout in the ETH/BTC pair is not merely a technical line break; it is a harbinger of a market direction change. The analyst concluded with an analogy that the market has reached a state where every external event, even humorously irrelevant ones, could affect crypto prices.

According to remarks made at the Founders Summit, Fidelity’s chief executive Abigail Johnson offered a rare look at how the firm moved from curiosity to a full crypto business and why she keeps a personal stake in Bitcoin. The account ties early, small bets to later services now offered to advisors and clients.

Early Interest Turned Practical

Around 2013, a small group inside Fidelity began meeting to learn what Bitcoin might mean for the firm. They mapped out 52 possible uses. Most ideas did not survive testing. One early result — accepting Bitcoin donations for charity — gave the team credibility outside the company and opened doors for deeper work.

That early credibility made it easier for the firm to test bigger ideas without waiting for orders from the top.

A Bold Mining Bet Paid Off

Johnson pushed for a $200,000 purchase of Antminer hardware at a time many inside opposed the move. Reports say that mining effort became “probably the single highest IRR business” Fidelity has had.

The decision put staff into Bitcoin’s technical layers, giving them real experience with wallets, security, and the plumbing of the network long before many rivals caught up.

Company Moves Into Custody

Based on reports, demand from financial advisors drove Fidelity toward custody services. Advisors wanted secure ways to help clients hold and pass on Bitcoin, and Fidelity responded by building custody, custody-adjacent products, and support across asset management and research.

Johnson told the audience she owns Bitcoin personally and described it as a core digital asset that could play a role in people’s savings plans. She calls it crypto’s “gold standard.”

Exchange Supply Drops As Accumulation Continues

Market data referenced in the session showed Bitcoin trading above $89,000 while balances on centralized exchanges fell to roughly 1.8 million BTC — a level not seen since 2017, according to aggregated CryptoQuant and Glassnode figures cited by BRN Research.

Realized-cap growth stayed positive on a monthly basis, which analysts interpret as fresh capital entering the market even when price moves stay contained.

Shark Wallets And Network Growth For Ethereum

Reports also pointed to Ethereum strength. ETH climbed past $3,200 as so-called shark wallets holding between 1,000 and 10,000 ETH resumed accumulation.

Daily new addresses briefly neared 190,000 following the Fusaka upgrade, a spike that analysts say often lines up with stronger demand for ETH.

Market Signals And What’s Missing

Analysts quoted in the briefing noted that supply leaving exchanges and steady accumulation point to longer-term holders taking control. What the market lacks, they said, is a decisive push into the roughly $96K to $106K band that would signal a broader breakout. For now, accumulation continues while prices trade in a tighter range.

Based on reports from the conference, Fidelity’s crypto path reads like a slow build: small internal experiments grew into real operations, and a handful of early bets — including a $200,000 mining play — gave the firm practical know-how.

Combined with current on-chain signs of accumulation, the picture suggests established players and patient holders are shaping market supply even as price momentum waits for a clearer trigger.

Featured image from Pexels, chart from TradingView

💾

The largest corporate Ether holder continues to buy the dip, as the industry’s most profitable traders continue to bet millions on ETH’s short-term decline.

According to the latest report, the lower house of Poland’s parliament has failed to overturn the President’s veto of the Crypto-Asset Market Act. Earlier this week, the Polish President, Karol Nawrocki, vetoed a bill aimed at setting strict rules in the country’s digital assets market.

Why Did The Polish President Veto The Digital Asset Bill?

On Friday, December 5, Bloomberg reported that the lower house of the Polish parliament couldn’t secure the required three-fifths majority vote to override the President’s veto of the Crypto-Asset Market Act. This bill, introduced in June 2025, aimed to align Poland with the European Union’s MiCA framework for the digital asset markets.

Related Reading: Key Updates On The US Crypto Market Structure Bill: What You Need To Know

However, President Nawrocki decided against signing the crypto market legislation due to concerns that it may pose a real threat to the freedom of Poles, their property, and the stability of the country. According to the country’s leader, “overregulation” is one way to drive away new companies and investors, while seriously slowing innovation.

As Bitcoinist earlier reported, the crypto community in Poland had already raised concerns about the regulation as early as September, especially as the bill surpassed the European Union (EU) minimum regulatory requirements. 

For instance, the bill’s messaging read that all Crypto Asset Service Providers are required to obtain a license from the Polish Financial Service Authority (KNF). Meanwhile, the bill proposed heavy fines and potential prison time for market participants who break the law.

According to the Bloomberg report, supporters of the bill have also voiced out the need to provide regulatory oversight of Poland’s digital assets industry. Their belief is that clear, comprehensive rules are critical to fight fraud and avoid potential misuse of digital assets by bad actors. 

Poland’s Presidency Calls Crypto Bill A Legal Fiasco

Rafael Leskiewicz, the press secretary of the President, took to the social media platform to react to the lawmakers’ failure to override the veto. The presidential spokesperson said the Crypto-Asset Market Act is a legal fiasco, while calling the attempt to overturn the president’s veto a political maneuver.

Leskiewicz said in a statement:

The President, by vetoing this act, exposed the low quality of the legislation being created. This market should be subject to monitoring and control, but certainly, bad law should not be created that restricts the freedom to conduct business activities.

President Nawrocki, who was elected earlier in June, had always portrayed himself as a pro-Bitcoin leader who would rather veto regulatory restrictions than create new digital asset laws. According to market data, the adoption of crypto assets by Polish households has continued to grow in recent years, with the number of domestic users expected to hit 7.9 million by this year’s end.

Western Union is building a stablecoin-backed prepaid card targeting countries with high inflation rates. The money transfer giant plans to offer the product in markets where local currency depreciation erodes purchasing power, CFO Matthew Cagwin told the UBS Global Technology…

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.

Dogecoin Sitting On Major Descending Triangle

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.

Dogecoin Is “Ready To Fly”

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.

$91,000 Max Pain Point Breached After Friday Options Expiry

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.

Negative Funding Rate Further Strengthens Bearish Narrative

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

Ethereum spot ETFs recorded $75.21 million in outflows on December 5, with all nine funds posting zero inflows. BlackRock’s ETHA accounted for the entire withdrawal and was the fourth consecutive day of net redemptions for Ethereum (ETH) ETFs. ETH traded…

Litecoin eyes a potential rebound, but growing investor interest is shifting toward Remittix as a higher-upside alternative. Litecoin price prediction talk is heating up again as traders watch the charts and look for the next big move before the next…

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.

Active Market Participants’ Cost Basis At $82,000

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. 

What Happens If $82,000 Fails? 

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.

Reserve Aimed At Dividend Concerns

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 Drop Tests Crypto Firms

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 Signals

Investors 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 Bitcoin

Strategy’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

Legal experts are concerned that transforming ESMA into the “European SEC” may hinder the licensing of crypto and fintech in the region.

Bitcoin long-term holders lost interest in selling at $90,000, new research showed, as profitability of their BTC supply dried up.

The week of November 30 to December 6, 2025, recorded $478.9 million in crypto VC funding across 18 projects. As per the data, Turkish digital asset platform Paribu’s $240 million acquisition of CoinMENA led the funding period. Here’s a comprehensive…

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.

Historic Physical Coins Activated

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.

Two Casascius coins, each containing 1,000 BTC, have just moved after being dormant for more than 13 years. pic.twitter.com/nlFUy39MkD

— 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.

How The Coins Worked

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 Shock

Meanwhile, 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. 

Ripple Unveils One-Stop Shop For Digital Asset Infrastructure 

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. 

Highlighting The Role Of Its Latest Acquisitions 

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.

Coinbase predicts a December recovery driven by rising global M2 liquidity and lower interest rates, but Fed Chair Powell’s remarks may limit upside, analysts say.

How could the XRP price react if the top 10 Fortune 500 companies decide to add XRP to their balance sheets? Notably, as U.S.

Visit Website

BPCE's crypto integration signals a shift in traditional banking, potentially accelerating digital asset adoption and regulatory evolution in Europe.

The post French banking giant BPCE will start letting customers buy Bitcoin and major tokens on Monday appeared first on Crypto Briefing.