Market Signal Briefing

MYX Finance, a cryptocurrency asset, experienced a notable 23% uptick in its value as of December 1, 2025, catching the eye of investors and analysts alike. This surge has come amidst a fluctuating market environment, prompting discussions on the sustainability and future trajectory of MYX Finance.

Kalshi Launches Tokenized Event Bets on Solana Blockchain: CNBCThe prediction market is rolling out tokenized contracts on Solana to meet crypto traders where they already are, Kalshi told CNBC. Dec 1, 2025, 8:25 p.m.

Kalshi is now offering tokenized versions of its event-contract wagers on Solana, the company told CNBC, marking its clearest bid yet to attract crypto traders who have gravitated to on-chain platforms like Polymarket.

The setup tokenizes Kalshi’s existing event markets, spanning politics to macro data, and makes them tradable on Solana, according to the Monday report.

STORY CONTINUES BELOW

Tokenized contracts work the same as Kalshi’s traditional products, but on-chain trading adds anonymity and aligns the exchange more closely with Polymarket’s model, the report said.

Tokenization is the process by which real-world assets are converted into blockchain-based tokens.

Support is already live, according to CNBC, with decentralized finance (DeFi) protocols DFlow and Jupiter connecting Kalshi’s off-chain order book to Solana liquidity.

Kalshi’s head of crypto, John Wang, told CNBC the move is designed to tap deeper pools of capital as prediction-market activity accelerates.

Tokenization gives Kalshi access to “billions of dollars of liquidity,” lets developers build third-party front ends, and helps maintain competitive pricing, Wang said.

Founded in 2018, Kalshi became the first exchange to offer federally regulated event contracts tied to U.S. congressional races in 2024 after a protracted fight with the Commodity Futures Trading Commission (CFTC), the report noted.

The firm now runs about 3,500 markets and closed a $1 billion funding round last month that valued the company at $11 billion, according to a TechCrunch report.

As Polymarket presses into the U.S., CNBC noted Kalshi will need more liquidity to keep pace, something crypto-native traders may be uniquely equipped to provide.

Read more: State of Crypto: Kalshi and Prediction Markets Face a Setback

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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On today's episode of CNBC Crypto World, bitcoin falls to its lowest level since April to kick off December. Plus, Strategy announces the company established a $1.44 billion cash reserve to fund dividends on its preferred stock.

Ripple President Monica Long has already reacted to Ripple securing a major regulatory victory in Singapore. 

She has framed the license expansion as a major win for Ripple’s growth and customers.

"With this expanded scope of payment activities for the MPI license, Ripple can scale our licensed payment services in Singapore for our growing customer base, including banks and fintechs. Proud to keep growing in Singapore," she said.  

As reported by U.Today, the Monetary Authority of Singapore (MAS) approved an expanded scope for Ripple’s Major Payment Institution (MPI) license, which is a high-level license that only a few crypto companies globally possess.

Why it mattersMAS expanded what Ripple is allowed to do under its MPI license. This lets Ripple offer more regulated payment services, including end-to-end cross-border payments. Moreover, it enables support for digital payment tokens like XRP and RLUSD

The expanded license lets Ripple scale its payment services in Singapore for banks, fintechs, and crypto companies.

Singapore is, of course, one of the most advanced digital-asset regulators in the world

With the recent license, Ripple can now strengthen its position in the Asia-Pacific region, which is shaping up to be the fastest-growing digital-asset market.

The bitcoin price stumbled into December with fresh volatility, plunging 8% early Monday to the mid-$84,000s before clawing back toward $85,456 at the time of writing.

The world’s largest digital asset is now teetering at a key $85,000 level — a price band analysts say could determine whether the bitcoin price stabilizes or slides toward a deeper test of $75,000 in the weeks ahead.

The pullback extends a two-month downtrend that has erased more than 30% from Bitcoin’s October record highs. Over the past 24 hours, BTC traded between $91,866 and $83,800, with thin liquidity and a surge in forced liquidations accelerating the move.

Bitcoin price key levels: $85,000, $84,000 — then $75,000? Bitcoin price closed the week and month at $90,385, showing a brief green weekly candle, but bears quickly regained control, pushing the price down toward $87,000. 

The close remains below key resistance at $91,400, leaving bulls with an uphill battle. Initial resistance tests at $91,400 and $93,000 failed, with stronger resistance expected between $98,000 and $103,000 if bulls regain momentum, according to Bitcoin Magazine analysts. 

On the support side, $84,000 held this past week, though the bounce was weak. Bulls aim to defend the 0.146 Fibonacci level at $87,000, while failure to hold $84,000 could open a path down to $75,000. Further support lies between $72,000 and $69,000, with a deeper test of $57,700 if selling pressure intensifies.

November’s monthly candle closed strongly bearish, taking out prior green closes from April through June.

Although the bitcoin price remains above the 21-month EMA, the close confirmed a bearish MACD cross, signaling sustained subdued momentum over the next two to three months. This aligns with expectations of a potential top in the four-year cycle.

In the short term, the bitcoin price may trade in a range as bears consolidate, while bulls attempt to reclaim $91,400 and $94,000. Overall, the market faces downward pressure, and caution is warranted for bulls seeking a reversal.

Bitcoin’s November candle erased three months of prior gains and cemented a bearish monthly momentum shift. Analysts tracking the four-year cycle say the latest data adds weight to the argument that October likely marked the cycle top.

Federal Reserve, Bitcoin price and corporate bitcoin moves The Federal Reserve’s upcoming December 9–10 meeting looms large. Markets currently assign an 80%–87% probability of a 25-basis-point rate cut — a move that typically supports risk assets and could potentially lift the bitcoin price.

But if the Fed stands pat, analysts warn the crypto market could see another wave of selling, especially with Bitcoin’s November close confirming a bearish MACD cross on the monthly chart — a historically powerful signal that often precedes multi-month side-ways trading and consolidation or decline.

Bitcoin-linked equities were also rattled Monday. Strategy Inc. (formerly MicroStrategy) announced it created a $1.4 billion reserve to cover at least 21 months of dividend and interest payments, aiming to quash investor fears it might be forced to sell part of its 650,000 BTC stash. 

The company also disclosed a new purchase of 130 BTC for $11.7 million. The move stabilized the stock after an early market sell-off of over 12% at times. Currently, $MSTR’s stock is down 4% on the day.

BlackRock, meanwhile, recently increased internal exposure to its IBIT spot Bitcoin ETF, with its Strategic Income Opportunities Portfolio now holding 2.39 million shares worth $155.8 million — up 14% since June. 

JPMorgan rolled out a structured note tied to IBIT, offering up to 1.5x upside by 2028.

Earlier this week, the price of gold nearly passed $2,300 an ounce.

At the time of writing, the bitcoin price is $85,456. On October 6, the bitcoin price hit all-time highs above $126,000.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

XRP is entering December with a mix of unusual market signals, steady price action, and renewed bullish expectations from analysts and prediction platforms.

Despite the general instability and uncertainty in the crypto market, traders continue to monitor XRP’s behavior above the $2.0 range as new data points shape sentiment.

XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview
One-Sided Liquidations Highlight Market Imbalance
Liquidation data from CoinGlass recorded an unusual reading this week after XRP posted $0 in short liquidations during a one-hour window. All losses came from long positions, totaling about $128,000. Such a clean one-sided liquidation profile is rare in active derivatives markets and immediately stood out across the crypto sector.

Other major assets, such as Bitcoin and Ethereum showed typical liquidation activity on both sides. For XRP, the imbalance suggested that leveraged traders were heavily positioned for upside, leaving long holders exposed even to small price movements.

Despite this, XRP’s price has not been immune to the broader market downturn, which saw the total crypto market cap drop by more than 5%. XRP slipped toward the $2.04 area, but analysts note that the $2.00 zone remains a key support level. On the upside, $2.20 continues to act as the immediate resistance level to watch.

Technical Outlook Points to a Potential December Breakout
XRP ended November down more than 17%, mirroring a broad market decline that has seen Bitcoin fall to $86,700 and several altcoins record double-digit losses. This drop came despite positive developments, including strong early inflows into newly approved crypto ETFs and the growth of Ripple USD (RLUSD).

On the charts, XRP continues to trade around the Murrey Math Lines pivot. Analysts highlight a bullish flag pattern forming on the eight-hour timeframe, which is typically a continuation structure that may trigger a breakout. A successful move higher could send the token toward $2.73, the next major resistance.

Mixed Prediction Market Signals but Strong Community Confidence
Prediction markets are split on XRP’s near-term prospects. Kalshi data shows a 69% probability that XRP will end the year with a positive return, reflecting strengthened sentiment after weeks of consolidation. In contrast, Polymarket assigns a 99% chance to XRP reclaiming the ATH by 2026.

Despite the divergence, the community outlook remains firm. Traders point to XRP’s steady range, rising ETF interest, and resilience during volatility as indicators of potential upside. As December unfolds, XRP’s narrow trading band and unusual liquidation patterns are setting the stage for this decisive month.

Cover image from ChatGPT, XRPUSD chart from Tradingview

Peter Schiff opened fire on X by declaring Michael Saylor the “biggest con man on Wall Street” and calling Strategy’s business model a fraud.

Naturally, this served as the perfect segue into his favorite topic: Bitcoin is a “fake” asset.

Summary

Schiff calls out Michael Saylor and Strategy while insisting Bitcoin is a “fake asset.”
BlackRock’s Bitcoin ETFs are thriving, with IBIT nearing $100B in assets despite market dips.
Corporations and central banks are actively buying Bitcoin, proving the “end” isn’t exactly trending.

On Monday, Dec. 1, Schiff called out Saylor and didn’t mince words:

“Today is the beginning of the end of $MSTR. Saylor was forced to sell stock not to buy Bitcoin, but to buy U.S. dollars merely to fund MSTR’s interest and dividend obligations. The stock is broken. The business model is a fraud, and Saylor is the biggest con man on Wall Street.”

Schiff also pointed out how the cryptocurrency slid 28% from all-time highs, while the Nasdaq sits just 2% below its peak. November’s $500 billion wipeout, he argues, is proof that investors are fleeing what he sees as an imaginary asset and racing toward “real ones.”

Bitcoin isn’t selling off because it’s a risk asset, but because it’s a fake asset. The NASDAQ is less than 2% from its record high, yet Bitcoin is 28% below its record high. This shows that there’s more than just risk-off at play. This is a rotation from fake to real assets.

— Peter Schiff (@PeterSchiff) November 30, 2025

Bitcoin: ‘Stronger’ than ever?
Bitcoin is breaking down again, Schiff posted late Sunday. Over the past 24 hours, the world’s top digital asset has been in the red, down over 6% at last check.

Source: CoinGekco
Last month, Saylor seemed unfazed but the sudden market downturn and remains confident despite Bitcoin’s recent pullback.

Strategy, previously known as MicroStrategy, can handle extreme declines and is “engineered to take an 80–90% drawdown,” he said on Fox Business. Bitcoin will gradually decline further, Saylor predicts, adding that it will stabilize at roughly 1.5 times the S&P 500’s volatility while outperforming it proportionally, concluding that “Bitcoin is stronger than ever.”

He treats the drop from $110,000 to $81,000 as a personal victory lap — and boy, is it punchy.

Saylor vs. Schiff: Who’s right?
BlackRock’s Bitcoin ETFs — barely two years old — are now the firm’s most profitable product line, with IBIT climbing toward $100 billion in assets. Inflows continued even during November’s slump.

Robinhood is considering holding Bitcoin on its balance sheet, Kazakhstan’s central bank plans a $300 million crypto allocation, and corporations from Strategy to Metaplanet are treating Bitcoin as a strategic asset, not a meme.

Volatility? Sure. Dead? Not so much. For the moment, Wall Street sees revenue and governments see opportunities.

Indeed, Schiff is loud, but the capital flows are louder.

Kalshi has tapped Solana to move its prediction markets onchain and enable permissionless monetization of its "global liquidity pool."

XRP, the digital currency associated with Ripple, is gaining significant attention in the financial markets as the Canary Fund prepares to launch a pioneering Exchange-Traded Fund (ETF) dedicated to this cryptocurrency. With a targeted asset base of $400 million, this fund is set to make waves, potentially bolstering XRP's value beyond its current levels.

Zcash (ZEC) plunges 32% in a week as RSI breaks down and key support levels fail. Analysts warn of further downside toward $300.

Zcash is under pressure after a steep price decline, falling more than 32% over the past week. The token is trading around $365 after dropping over 20% in the last 24 hours. The move follows the loss of key support levels, with traders watching whether the downtrend will continue.

ZEC had recently posted strong gains, rallying from $40 to $700 in just a few months. The current pullback, however, suggests that the trend may have shifted, with momentum now favoring the downside.

Key Technical Levels Breached
ZEC lost several important levels in a short period. The breakdown below the 50-day simple moving average, the $480 horizontal support, and the 38.2% Fibonacci retracement opened the door to further declines. As a result, the asset fell into the first major liquidity area around $400.

Crypto analyst Ardi had warned of growing weakness, pointing to a failed breakout in the RSI trend. “Repeated warnings of structure being broken” were noted after the loss of early support. He also cautioned that overexposed long positions were creating risk, adding, “5% moves were causing a cascade of liquidated long positions,” leading to even larger drawdowns.

Zcash price chart. Source: Ardi/X
Moreover, Zcash continued lower, reaching a second liquidity zone near $370. Ardi noted that he closed half his short position at this level. He added that if this zone breaks, the next area to watch is between $297 and $311, which includes the 61.8% Fibonacci level and a large pool of previous liquidity.

Trading volume has spiked, crossing $1 billion in the past 24 hours. ZEC has traded between $356 and $457 in the last day, with the broader 7-day range showing a high of $585 and a low near $358 (per CoinGecko data).

Momentum Indicators Show Further Weakness
Technical indicators support the current downtrend. The MACD continues to move lower, with the signal line confirming negative momentum. Red histogram bars are increasing in size, showing strong selling pressure.

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Meanwhile, the Money Flow Index now stands at around 35, pointing to continued outflows, though nearing levels where past reversals have occurred.

ZEC/USD. Source: TradingView
Analyst Ali Martinez noted that ZEC had returned to a known support zone near $440.

“Bounce or breakdown?” he asked in a recent post.

That level has now broken, confirming lower lows and maintaining the bearish structure.

Uncertainty Over Long-Term Direction
Market opinion remains divided. Max Keiser commented,

“The $ZEC ‘pump ‘n dump’ is over. A trip back to $55 looks inevitable.”

His view reflects growing skepticism after the recent drop. Separately, it was recently reported that Grayscale has plans to convert its Zcash Trust into an exchange-traded fund (ETF). If approved, the ETF could make it easier for investors to gain exposure to ZEC without needing to hold the asset directly.

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Dogecoin (CRYPTO: DOGE) dropped more than 9% and Shiba Inu (CRYPTO: SHIB) slipped over 5% on Monday as both tokens extended their breakdowns inside long-running bearish channels.

DOGE Breaks Down As Sellers Defend Every Rally

DOGE Price Analysis (Source: TradingView)

Dogecoin slipped directly into the lower boundary of a falling channel that has rejected every recovery attempt since late October.

The token remains below the Supertrend barrier at $0.1686, keeping the bias pointed lower.

The moving averages continue to trend downward.

The 20-day EMA sits at $0.1536, followed by the 50-day at $0.1730, the 100-day at $0.1906, and the 200-day at $0.2020.

Each attempt to reclaim the 20-day line has failed since October.

A broader support zone around $0.12 to $0.13 remains the next critical area. 

DOGE Netflow Data (Source: Coinglass)

DOGE recorded $14.38 million in net outflows on Dec. 1, according to Coinglass, with red prints dominating since September. 

The absence of consistent inflows shows that traders continue to reduce exposure rather than accumulate at lower levels.

SHIB Extends Decline After EMA Cluster Rejection

SHIB Price Prediction (Source: TradingView)

Shiba Inu fell more than 5 percent to trade around $0.00000790 after failing to break above its short-term resistance earlier this week.

The chart shows SHIB still moving inside the same downward channel it has been stuck in all year, with each bounce running into sellers quickly.

Price tried to move higher earlier in the week but turned lower as soon as it touched the area where several moving average lines sit together.

The latest rejection confirms that sellers are still in control.

SHIB is now drifting toward the lower half of the channel again.

The lower band of the Bollinger indicator, currently near $0.00000761, is the next area where price has reacted before.

Past visits to this level produced only small, short-lived bounces, which shows that buyers have not been strong enough to shift the trend.

Losing the $0.00000800 support increases the risk of SHIB sliding back to this lower zone.

For any real improvement, SHIB would need a daily close above $0.00001050, which is the area it has failed to reclaim for months.

Until then, the broader downtrend stays intact and continues to limit recovery attempts.

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39 minutes ago

Ether futures overtake Bitcoin on CME as ETH volatility spikes, fueling debate over a potential Ether super-cycle amid a broader crypto market pullback.

Trading activity in Ether futures has surpassed that of Bitcoin on the Chicago-based CME Group, marking a notable shift in the digital asset derivatives market and fueling speculation that Ether may be entering a long-anticipated “super-cycle” — a sustained, multi-year period of accelerated growth driven by rising adoption.

In a recent CME video, Priyanka Jain, the exchange’s director of equity and crypto products, said Ether (ETH) options are currently exhibiting higher volatility than Bitcoin (BTC) options. Rather than deterring participation, she said, the increased volatility has attracted traders and helped drive growth in Ether futures activity.

“This heightened volatility has served as a powerful magnet for traders, directly accelerating participation in CME Group’s Ether futures,” Jain said. “Is this Ether’s long-awaited super-cycle, or merely a catch-up trade driven by short-term volatility?”

The rotation was especially pronounced in July, when the so-called flippening saw open interest in Ether futures overtake that of Bitcoin futures on the exchange for the first time.

While Bitcoin and Micro Bitcoin futures still account for the largest share of activity when measured by US dollar value, Jain said the broader trend is clear: Market participation in Ether-linked products is expanding rapidly.

Source: CME GroupEther price sees renewed volatility Ether, Bitcoin and the broader cryptocurrency market came under renewed selling pressure on Monday, extending a volatile period that has capped a difficult month for the sector. The move appeared to follow a coordinated wave of de-risking at the end of November.

Commenting on the sell-off, market analyst CTO Larsson said traders cut exposure immediately after the monthly close.

“People reduced exposure at exactly 00:00 UTC, because the monthly candle closed bad,” he said.

Source: CTO LarssonMeanwhile, Ether treasury companies — corporations that made holding ETH on their balance sheets a core business strategy — have seen the value of their holdings decline sharply. Companies such as SharpLink and Bit Digital are now underwater on their ETH positions, according to data from CoinGecko.

Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Today’s sharp market crash pushed major assets lower, and the Pi Network price also moved into the red as fear spread across the market. The liquidity became diluted in a number of pairs and the response was stiffer than normal.

In the meantime, the Pi coin price fell by almost 10% and bounced back to a comfortable support level. The downturn put Pi within a delicate zone that currently influences short-term anticipations. Now attention goes to the unlock in December that brings about a supply window that affects the short-term direction of Pi.

Pi December Unlock Opens Supply Pressure Window
The Pi December unlock adds 190 million new tokens, and this event now sets short-term expectations for the Pi Network price. The unlock is worth around $43 million at the moment, as traders pay attention to the timing. At the moment, there is not much liquidity, and new supply flows through the chart faster than normal.

Over time, such an environment makes things more volatile since modest orders cause big swings. Unlock cycles have stayed the same since early 2025, but this timeframe is more important because sentiment has already dropped.

🚨December's ~190M PI token unlock is not just about supply; it's a measure of our ecosystem's maturity. With MiCA compliance securing our EU footing and new gaming utility via CiDi Games, we're building the demand to meet it. The focus is on long-term value.🗣 #PiNetwork pic.twitter.com/D0cexaf1SM

— PiNetwork DEX⚡️阿龙 (@fen_leng) December 1, 2025

Besides the unlock, the Pi team recently announced a partnership with CiDi Games to make Pi more useful in the real world through gaming. CiDi wants to add Pi to its games so that players may spend and use the token in more ways.

The developers said that gaming would fit well with Pi’s ecology. This growth comes at a time of stress, which helps ease worries about the unlock.

If buyers come in early, Pi can easily take in more supply. But because demand is low, the price of Pi coins could drop even more, down to around $0.2100. December sets the tone for how things will go in the early part of the year.

Pi Network Price Nears Break-or-Hold Level
The 4-hour chart shows that the Pi Network price is at a sensitive point, and the structure shows why traders are being wary in this area. Pi fell below the rising channel in late November, which pushed the market into a demand area that had supported past rises. The candles are now showing reluctance, but this level is still the best place to look for the next swing.

If Pi  Network price stays above $0.2230,buyers will have more room to create a steady rebound. That move pushes the price of Pi coins toward $0.2306 because there isn’t as much interest in selling there. If it pushes cleanly over that level, there will be room to move toward $0.2476.

But if Pi loses support, the drop could go as low as $0.2100, where larger reactions happen. The zone is significant for the long-term Pi price outlook as traders seek for proof before they think about setting higher targets again.

PI/USDT 4-Hour Chart (Source: TradingView)
To sum up, as the unlock and thin liquidity line up, Pi has a distinct pressure point going into December. The Pi Network price is currently at a level that either signals deeper weakness or confirms strength. 

A firm hold here supports a move toward higher resistance zones. But if the Pi coin price deviates from this range, it will head straight for lower support levels. As supply and structure converge, December provides a definitive result for Pi.

In brief
Ripple received regulatory approval in Singapore to broaden payment services using XRP and RLUSD stablecoin under its Major Payment Institution license.
XRP surged to a new all-time high price earlier this year, breaking a seven-year record in the process.
However, XRP has fallen 45% from that peak, recently trading hands for about $2.00.
Ripple has received approval from Singapore's Monetary Authority (MAS) to expand payment activities under its Major Payment Institution license held by subsidiary Ripple Markets APAC, the crypto giant announced Monday.

This expansion allows the crypto-powered fintech company to broaden its regulated payment offerings to Singapore customers, including via the XRP cryptocurrency and Ripple’s own RLUSD dollar-backed stablecoin.

“MAS has set a leading standard for regulatory clarity in digital assets, and we deeply value Singapore’s forward-thinking approach,” said Ripple President Monica Long, in a statement. “Ripple has always taken a regulation-first approach and Singapore is proof that innovation thrives when rules are clear.”

“This expanded license strengthens our ability to continue investing in Singapore and to build the infrastructure financial institutions need to move money efficiently, quickly, and safely,” she added.

The Ripple Payments platform utilizes crypto tokens like RLUSD and XRP within a global payout network to facilitate what the company said are fast and transparent cross-border transactions for banks, crypto companies, and fintechs. In short, it allows businesses to launch digital payment services quickly without infrastructure costs.

Key features include settlements in minutes using digital payment tokens, single onboarding to replace multiple partners, and simplified digital asset access without requiring additional bank relationships or specialized infrastructure.

“The Asia Pacific region leads the world in real digital asset usage, with on-chain activity up roughly 70% year-over-year. Singapore sits at the center of that growth,” said Fiona Murray, Ripple’s VP and managing director of Asia Pacific, in a statement. “With this expanded scope of payment activities, we can better support the institutions driving that growth by offering a broad suite of regulated payment services, bringing faster, more efficient payments to our customers.”

XRP, the fourth-largest cryptocurrency by market cap, was created by Ripple’s founders and surged to a new all-time high price of $3.65 in July, breaking a seven-year record along the way. That spike was fueled in part by regulatory optimism and investor excitement over anticipated ETF approvals.

But the price of XRP has stumbled in recent months despite the recent launch of XRP funds, with the coin recently trading hands at $2.00 after falling about 20% over the last 30 days—including a 9% drop over the past 24 hours.

The dollar-pegged RLUSD has a market cap of $1.26 billion, with a 24-hour trading volume mark of nearly $79 million, per data from CoinGecko.

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BNB/USD Daily Chart (Binance) – Source: TradingView

This is a relevant technical sell signal that could anticipate further downside for BNB in the next few days.

For now, the $800 level seems to be holding during today’s session, but the selling pressure seems strong enough, and the BoJ comments could be exactly what the market needs to keep selling.

However, a break below this level could trigger a much deeper correction to $730, meaning an 11% downside risk in the near term.

The Relative Strength Index (RSI) just sent a sell signal as well upon dropping below the 14-day moving average. This further confirms a bearish outlook, although the oscillator is quite near oversold territory again.

Paired with a recent break below the 200-day EMA, the situation looks dire for BNB from a technical standpoint.

Short-Sellers Could Make a Killing If a Bearish Breakout is Confirmed
Meanwhile, the hourly chart shows a strong rebound off the $800 level. The last time the price hit this mark, BNB jumped by 12% in just 5 days. This confirms that the market’s interest in the token at this level is quite strong.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017,
aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy,
our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a
rigorous Review Methodology when evaluating exchanges and tools. From emerging
blockchain projects and coin launches to industry events and technical developments, we cover
all facets of the digital asset space with unwavering commitment to timely, relevant information.

Bitcoin may be lining up for a powerful rebound, as Fundstrat’s Tom Lee believes a new all-time high could arrive as soon as January. Bitcoin may be on the path to an impressive recovery.

Fundstrat co-founder Tom Lee sees the leading cryptocurrency hitting an all-time high set as early as January 2026. This optimistic view follows strong possibilities that Kevin Hassett is the likeliest candidate to replace Jerome Powell as Federal Reserve Chair.

Bitcoin Could Still Reach New Highs Soon Says Tom Lee
During a CNBC interview, Lee shared his opinion in regards to the current drop in Bitcoin price amid worries that the current bull run might be over already. He differed on this and replied that the overall cycle remains bullish.

Lee stated that the fall around the end of last month was due to concerns related to the tightening of global market policies. He added that the hawkish tone suggested by the Bank of Japan added more downward pressure to the financial markets, which includes crypto market.

In addition, experts such as Peter Brandt have cautioned that the Bitcoin may fall further to $58,000 as long as the pressure causing the drop continues to rise. However, Lee emphasized that these actions do not change the BTC position in the long run.

The Fundstrat co-founder believes Bitcoin is still on track for a record-breaking start to the new year.  Lee admitted that reaching a new high in December is unlikely now, but he argued that January remains a realistic target. He said Bitcoin could move above $100,000 before the year ends. Then, challenge the October peak near $125,000 soon after.

Policy Shifts Create New Bitcoin Recovery Path
The political backdrop adds a new layer to the story. According to new odds from Kalshi, Kevin Hassett is in a strong lead to become the next Fed Chair. Hassett has indicated readiness to assume the position, which strengthens the prospects of his nomination.

Market observers believe that a Hassett appointment is a sign that there would be friendlier crypto policies that would support the growth of the industry. A change towards quicker pace in rate cuts and decreased financial conditions would soften the dollar and boost interest in risk assets.

That outlook is especially important for Bitcoin because its valuation reacts quickly to changes in interest rate expectations. A sharp crypto market downturn erased gains driven by earlier optimism over Fed rate cuts.

This shows how sensitive Bitcoin remains to policy shifts. An increased willingness by the Fed to cut rates would make early 2026 far more optimistic for crypto.

Fed–BOJ Pattern Signals Possible Bitcoin Bottom
A new layer of analysis now comes from Benjamin Cowen. He pointed to a trend associated with policies from the Federal Reserve and the Bank of Japan.

According to Cowen, in July 2024, BTC price dropped significantly as the Fed reduced rates while the BOJ increased theirs. Then, one week later Bitcoin bottomed.

He indicated that the same pattern is set to reoccur on December 10 if the Fed reduce rates once more while the BOJ might increase rates. He predicted that Bitcoin would hit a new low around mid-December and then rise in January, repeating the same pattern of 2024.

Journalist

Posted: December 2, 2025

MYX Finance rallied more than 23% in the past 24 hours as per CoinMarketCap data, leading all top 100 coins by market cap. These gains erased all the weekly losses, as it put the altcoin up 19% on this scale.

MYX and MemeCore [M] were the only coins that recorded double-digit gains during the day as of press time.

This outperformance of the whole crypto market came at a time when the capitalization fell below the $3 trillion mark, losing about 5%.

Speculation on a potential Binance listing this December is what probably fueled this surge.

MYX Finance [MYX] traders increasingly became optimistic after the launch of MYX perpetual futures, which historically preceded spot listings.

Bulls fuel MYX price breakout 
Also, the more than 23% gains as of press time were pushed by the technical breakout on the charts. After being quiet for more than 10 days of November, bulls broke above $3 as they gained more momentum.

The MACD flipped green while the signal lines rose above bars that were increasing in size. Additionally, the On Balance Volume (OBV), which was also flat for two weeks, spiked past $11 billion.

In case the momentum is maintained, higher prices past $3.50 could be achieved. The zone was responsible for the bearish price action that pushed the price up to the $2.29 low of the last two weeks.

Source: TradingView

The key demand zone for bulls that drove the initial breakout was at $2.60. However, this was met with rejection, which fell to $2.70, where a true breakout followed.

When writing, MYX was trading around $3.50, with bulls showing they could breach the zone despite the sell pressure here.

The volume of the hourly candles indicated the presence of enough liquidity. The robustness of the price movement affirmed the volatility in the market, even when most coins were in the red.

However, the bears at $3.50 could re-engineer another 33% price decline just like previously. This is if bulls cooled off their momentum.

Open Interest spikes, but volume stays flat
The rally was not only driven by technical breakout and speculation. Open Interest and consistent perp volume played a part in this.

The OI spiked from a low of $1.33 million to more than $3.80 million, which was more than 3 times in a day.

Investors were gradually returning to trade the altcoin, with the Binance listing speculation helping in this spike in interest.

Source: DefiLlama

Furthermore, MYX Finance was meeting its objective in the field of derivative exchanges. Its perp volume consistently stayed flat around the $300 million mark, but was significant.

This was despite the stall in activities for most coins.

Final Thoughts

MYX Finance jumped 23%+, driven by speculation of a Binance listing, a range breakout, and increasing interest. 
MYX price faces resistance around $3.50, but bulls showed momentum and could surpass this level. 

Bitcoin's slide intensified as a strengthening yen squeezed carry trades and triggered swift deleveraging across crypto, revealing how shifting expectations for Japan's policy path can jolt digital assets, a pattern emphasized by Arthur Hayes.

Dogecoin nears major support after a sharp breakdown, with analysts tracking weak momentum and a potential long-term setup hinting at a DOGE season.

Newton Gitonga2 min read

1 December 2025, 08:06 PM

Dogecoin is nearing a critical support level after a sharp market breakdown that intensified bearish pressure across the broader trend. The meme coin has struggled to stabilize as sellers strengthened their grip, pushing its price toward levels not seen in days. Traders are now watching whether DOGE can form a base or if the decline continues into deeper corrective territory. 

Dogecoin Drops Toward Key Support as Momentum WeakensAt the time of writing, Dogecoin was trading at $0.1327, suggesting a 11.28% decline in the last 24 hours. The asset lost 12.91% in seven days and 28.94% across the past 30 days. This showed fading bullish conviction as sellers accelerated the pullback.

DOGE Price Chart, Source: CoinMarketCap

On the weekly chart, Dogecoin traded below major Fibonacci retracement levels. The asset failed to hold above the 0.618 retracement around $0.20 before breaking the 0.786 level near $0.17. The 1.0 Fibonacci region around $0.19 now acts as the next liquidity zone as the trend shifts lower. 

DOGE 1-week price chart, Source: TradingView

A close below $0.13 could open the path toward the 1.618 extension around $0.02, although a rebound at current support may offer an early stabilization signal if DOGE reclaims the $0.16 to $0.19 bands. The Relative Strength Index on the weekly timeframe stood at 37.72. This reading kept momentum below the neutral 50 line while trending downward. The RSI remained under its moving average and showed no bullish divergences, which are conditions often associated with extended corrective phases.

Analysts Warn of Extended Correction but Highlight Cycle SetupTrader Tardigrade addressed the market breakdown after Dogecoin’s latest monthly candle closed below its long-term ascending support trendline. He described the move as a confirmed breakdown and said similar events occurred in earlier cycles. According to his chart, these breakdowns often marked structural shifts in DOGE’s long-range trajectory and preceded major upside phases.

Source: X

He also stated that the latest breakdown could trigger what he called a “massive Doge season.” His long-term target exceeded $6.5. A rally to $6.50 from $0.1376 would require a surge of about 4,624%, underscoring the scale of the move he outlined. 

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Newton Gitonga

Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Dogecoin (DOGE) News

TL;DR

Bitcoin dropped from $91,000 to $85,000 within a few hours following the release of adverse macroeconomic factors in Asia and signals of large fund sell-offs.
Comments from the Bank of Japan and the contraction in China’s non-manufacturing PMI triggered risk aversion, accelerating selling pressure.
Potential BTC sales by Strategy fund caused panic and forced liquidations, increasing volatility and reinforcing market uncertainty.

Bitcoin started December under strong bearish pressure, falling from $91,000 to around $85,000 in a matter of hours and erasing most of the previous week’s gains. The correction coincided with a combination of adverse macroeconomic developments in Asia and signals of large fund sell-offs, which intensified uncertainty in the crypto markets.

The Bank of Japan surprised with a more hawkish stance than expected, raising the likelihood of a rate hike and pushing the two-year yield to 1%. Meanwhile, China’s non-manufacturing PMI showed contraction for the first time in nearly three years, raising doubts about the strength of the regional economy. These events triggered risk aversion during the Asian session and accelerated selling pressure on Bitcoin, even as U.S. macro fundamentals remain supportive.

Negative sentiment intensified following comments from Phong Le, CEO of Strategy fund, who warned that BTC could be sold if its NAV fell and funding options dried up. The potential for forced liquidations of leveraged long positions triggered panic, increasing volatility and reinforcing pressure on the price. The combination of these macro and micro signals showed that markets react quickly to changes in liquidity and the decisions of large players.

Bitcoin Still Searching for Direction and Fails to Consolidate
After a 15% rebound from recent lows of $81,000, Bitcoin appeared ready to consolidate, but the pullback shows that the market is still seeking direction. The coming days will be decisive in determining whether BTC can hold current levels or continue the correction. Its performance will depend on buyers’ ability to defend recent support levels and on the interaction between Asian macro factors and flows from large funds.

Bitcoin’s volatility reflects its sensitivity to macroeconomic news and strategic fund movements. If conditions in Asia do not improve and pressure on funds like Strategy persists, the likelihood of further adjustments remains high. Traders and institutional investors will closely monitor the $85,000–$86,000 range to determine their exposure, while the market seeks to establish a new equilibrium before year-end.

Bitcoin demonstrates once again that even when U.S. macro fundamentals are positive, external shocks and strategic decisions by large funds can generate sharp moves, making clear that the market’s sensitivity to liquidity and risk remains a critical factor

In brief
Ethereum co-founder Vitalik Buterin has weighed in on the debate around Zcash’s committee-based governance model, warning that a token voting system could erode its privacy.
Zcash co-founder Zooko Wilcox backed ZCG member Artkor in a routine election endorsement that sparked debate over the privacy coin’s governance.
The discussion comes amid a sharp drop in ZEC following a broader crypto market rout.
Zcash’s governance debate resurfaced over the past week after a routine election endorsement drew sharp responses from prominent industry figures.

The discussion centers on whether the privacy coin should keep its committee-based system or shift to direct tokenholder voting.

Zcash co-founder Zooko Wilcox opened discussions by urging support for Artkor, a long-time Zcash community member and sitting member of the Zcash Community Grants Committee (ZCG), where he seeks re-election for the next year.

Zcash has evolved a resilient governance system over many years, made up thoughtful and independent people who disagree with each other but are committed to the same mission. Read this in its entirety, and vote for Artkor!https://t.co/UXIOe9fNH4

— zooko🛡🦓🦓🦓 ⓩ (@zooko) November 26, 2025

Zcash’s off-chain governance operates through a curated advisory panel called ZCAP which votes on major questions and elects the committee that allocates grants (ZCG). Wilcox describes the group as “thoughtful and independent people who disagree with each other but are committed to the same mission.”

By Saturday, AngelList co-founder Naval Ravikant had entered the thread and challenged the model.

It’s an obsolete system and should be deprecated. “Trusted” third parties are a security flaw and it doesn’t matter if they are “thoughtful and independent.”

All governance for decentralized protocols should be on-chain and private.

— Naval (@naval) November 28, 2025

“It’s an obsolete system and should be deprecated,” Ravikant opined, adding that “trusted” third parties “are a security flaw and it doesn’t matter if they are ‘thoughtful and independent.”

All governance for decentralized protocols “should be on-chain and private,” Ravikant said.

Vitalik weighs inEthereum co-founder Vitalik Buterin then weighed in and urged the community not to adopt a coin-voting model.

Buterin said he hopes Zcash “resists the dark hand of token voting,” arguing that the cryptocurrency’s privacy focus could “erode over time” if left to the “median token voter.”

I hope Zcash resists the dark hand of token voting.

Token voting is bad in all kinds of ways (see https://t.co/Cvl7CFVgtc ); I think it's worse than Zcash's status quo.

Privacy is exactly the sort of thing that will erode over time if left to the median token holder. https://t.co/NbRqGLOrpj

— vitalik.eth (@VitalikButerin) November 30, 2025

To him, “token voting is bad in all kinds of ways” and “worse than Zcash’s status quo,” citing a 2021 blog post.

“Coin voting is attractive because it feels credibly neutral: anyone can go and get some units of the governance token on Uniswap," Buterin wrote at the time, adding that, "In practice, however, coin voting may well only appear secure today precisely because of the imperfections in its neutrality.”

Buterin argued that simple coin-weighted voting concentrates power among large holders and pushes protocols toward short-term, price-driven decisions.

The price of successPrice has become a concern among the Zcash community, with Artkor noting in his re-election post that “the price context has changed significantly.”

The surge in Zcash’s coin, ZEC, over the past month, has “undoubtedly” created new opportunities for its community, Artkor noted.

“But at the same time, it also creates new dangerous challenges. The danger is not that we can spend more, but that we can start spending more easily. You know, it’s like a test of faith with money,” he wrote.

Supporters of the current system lean on the idea that a vetted committee provides continuity and filters proposals responsibly. Critics, however, see a structure that could concentrate influence.

"Token-based voting can expose protocols to governance capture if a well-funded actor accumulates a controlling share of tokens,” Lucien Bourdon, analyst at Trezor, told Decrypt. “While the likelihood of such events depends on the asset’s liquidity and distribution, the risk persists.”

Token voting “often correlates influence with wealth, which may not always align with long-term network sustainability or community values,” Bourdon added.

Such factors could depend on the community, Bourdon observed. While token voting could increase “engagement and decentralize control,” it could also open the door “to low-information decision-making and manipulation.”

"Well-chosen and trusted" committees may provide more consistent governance—but they risk "becoming detached from the broader user base," he said, adding that, "Neither model is perfect; the most resilient systems often blend accountability with mechanisms to prevent capture."

At the time of writing, ZEC is down roughly 23% on the day, per CoinGecko data, following a wider market tumble that saw the total crypto market cap drop below $3 trillion on Monday.

Decrypt has reached out to the Zcash Foundation for comment.

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Ryan Navi, who previously served at ParaFi Capital as managing director and head of venture, will lead Forward's SOL treasury strategy.

Retail traders bought 6,870 BTC in one day above $91,400, even as LTHs dumped into strength and prices quickly reversed.

Bitcoin traders on Binance snapped up 6,870 BTC in a single day after the price pushed above $91,400 this week, even as long-term holders (LTHs) used the strength to cash out.

The buying frenzy comes against a backdrop of sharp liquidations and fading volume, which raised doubts about how long the retail momentum can last.

Retail Piles in as Long-Term Holders Sell into Strength
Data from on-chain analyst Amr Taha, published just hours before the price drop, painted a clear picture of a market at a potential turning point. On November 23, the realized capitalization for short-term holders (STH), which is essentially the total cost basis for BTC held less than 155 days, jumped past $51 billion.

It marks the highest level since December 2024 and signals a large influx of new, impatient capital entering the market. According to Taha, such spikes have historically coincided with market tops.

Meanwhile, the realized cap for LTHs moved in the opposite direction, dropping by approximately $47 billion, which the analyst said showed that experienced investors, who bought at lower prices, were distributing their BTC to the new retail buyers.

This exact pattern was observed before significant corrections in December 2024 and March 2024. As Taha noted, “Whenever STH buy aggressively while LTH sell to them, price tends to cool off shortly after.” The subsequent $5,000 drop in Bitcoin’s price within hours validated this historical precedent.

The retail buying frenzy was mainly concentrated on Binance. When the flagship cryptocurrency broke above $91,400, daily retail buying volume on the exchange spiked to a record 6,870 BTC, worth about $628 million at the time.

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Market Tremors Amid a Search for Direction
A look at the market shows that price action has been rather violent. Within the last day, commentators such as Wise Crypto and The Kobeissi Letter flagged that more than $600 million in crypto longs were wiped out, including a single $14.48 million ETH/USDC position on Binance, with one-hour windows alone seeing around $200 million liquidated.

Ash Crypto described a $5,000 drop in BTC’s price in three hours, saying over $200 billion was erased from total crypto market value without any obvious macro or regulatory trigger and calling it a “pure manipulation dump to wipe out the leverage again.”

Bitcoin now finds itself consolidating between key levels. The asset is caught between major support near $84,570, where over 610,000 BTC last moved, and a significant resistance ceiling around $112,340.

Meanwhile, the rejection from the $91,800 zone has pushed BTC to trade around $86,300, down 5% in the last 24 hours and testing the lower bounds of its recent range.

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Tesla and SpaceX CEO Elon Musk has reignited some discussion around Bitcoin, describing it as a “fundamental physics-based currency” grounded in energy. 

Speaking on a recent podcast with Nikhil Kamath, Musk emphasized that Bitcoin’s value is tied to real-world energy expenditure, highlighting a distinction between digital assets and traditional fiat currencies.

“Energy is the true currency,” Musk said. “This is why I said Bitcoin is based on energy. You can’t legislate energy. You can’t just, you know… pass a law and suddenly have a lot of energy.” 

The Tesla founder drew attention to the difficulty of producing and harnessing energy, linking it to Bitcoin’s proof-of-work system, which requires substantial computational power and electricity to secure the network.

He also referenced the Kardashev scale — a method for measuring a civilization’s energy consumption — as a lens for understanding societal progress. He suggested that evaluating a civilization by its capacity to generate and manage energy mirrors Bitcoin’s design principles, where scarcity and computational effort underpin value.

Looking further ahead, Musk proposed that advancements in artificial intelligence and robotics could render money obsolete.

“In a future where anyone can have anything, I think that you no longer need money as a database for labor allocation,” he said, citing Iain M. Banks’ post-scarcity Culture series as a blueprint for societies where super-intelligent machines manage resources without monetary systems.

Musk: You can’t print energy Musk also underscored the unique qualities of Bitcoin. Unlike fiat money, which governments can print at will, Bitcoin’s proof-of-work system ties its creation to energy and computing power, giving it a built-in scarcity and relative independence from political influence. 

“Governments can print money, but they cannot print energy,” Musk said.

While Musk envisions a future where energy might serve as a more fundamental measure of value, he acknowledged that traditional money remains dominant today. 

National currencies continue to govern commerce, wages, and savings, while cryptocurrencies like Bitcoin exist as alternative assets rather than replacements for everyday transactions.

Musk’s remarks provide a reminder of the philosophical underpinnings of Bitcoin, linking it to physics and energy rather than policy and government control. 

Earlier today, the Bitcoin price plunged 8% to the mid-$84,000s early Monday, extending a two-month drawdown that has erased over 30% since October’s record highs. 

The drop followed last week’s brief recovery above $92,500 after November lows near $81,000. 

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

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