TL:DR;
Cardano’s native cryptocurrency, alongside the rest of the market, has slumped hard on a weekly basis, dropping to well below $1.
However, history shows that similar corrections have been followed by massive gains for the asset, with predictions of up to $6.
ADAUSD. Source: TradingViewADA’s recent price performance could be analyzed from two main perspectives – short-term and long-term. When looking at the past ten days or so, the landscape is quite gloomy. Within this timeframe, the asset went from $1.2 to under $0.8. Although it has recovered some ground to $0.9 now, it is still 25% down since December 12.
The broader landscape, though, shows a different picture. ADA’s price stood in a tight range between $0.3 and $0.4 for weeks ahead of the US presidential

After heading toward $100,000 yesterday, bitcoin’s price has taken another wrong turn as the asset has lost over three grand since then.
The altcoins are also deep in the red, with massive daily price declines from the likes of SOL, DOGE, ADA, AVAX, LINK, SHIB, and many others.
BTC’s Short-Term Recovery
Although the business week started quite spectacularly for BTC, whose price skyrocketed from $101,000 to a new all-time high of over $108,000 by Tuesday, it actually turned sour on Wednesday after the latest US FOMC meeting.
The primary cryptocurrency began a massive correction that culminated on Friday with a price slump to around $92,000. Thus, the asset had lost more than $16,000 in just 72 hours.
At this point, the bulls finally managed to halt the freefall and helped

TL:DR;
Ripple’s cross-border token took the recent market-wide meltdown quite badly, with its price dumping from over $2.7 to under $2 within days.
The asset has recovered some ground but now sits at a pivotal level that will determine whether it resumes its bull run or slips once again.

The start of the business week was quite bullish for XRP as the company behind it announced on Monday that its long-anticipated stablecoin will be officially released for trading on the next day.
XRP went on a massive run, surging from under $2.4 to above $2.7 by the time the launch date arrived. However, it reversed its trajectory shortly after, and the broader market’s collapse took it south hard.
In fact, Ripple’s token came crashing by 28% from the aforementioned local peak to $1.96.

TL:DR;
Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE and XRP.
On-chain data shows that large wallets poured millions into both during the recent market meltdown.

The market-wide crash that began in the middle of the business week caught many by surprise, given the billions of dollars worth of liquidations that were evident on a couple of occasions.
All crypto assets headed south vigorously, with BTC leading the way by plummeting from over $108,000 on Tuesday to $92,000 on Friday. As it typically happens, the altcoins were not sparred, just the opposite.
Dogecoin and Ripple were among the worst-performing assets at

TL:DR;
Although the entire cryptocurrency market corrected severely in the past 36 hours, DOGE is among the poorest performers as its price dumped by more than 25%.
Many analysts weighed in on DOGE’s upcoming price developments, with some predicting a further drop to key resistance lines such as $0.22.

The price charts across the entire cryptocurrency market have been in a deep red state ever since yesterday’s FOMC meeting. Although the Fed indeed cut the interest rates by 25 basis points as expected, its Chair, Jerome Powell, warned that there might not be any reductions in 2025 and said the central bank is not permitted to buy BTC, despite Trump’s promises.
As it typically happens, the altcoins are hit harder than BTC, but some have bled out more heavily than others.

The adverse price developments that started after the controversial statements by the Chair of the US Federal Reserve continue today as well, with BTC dumping to under $98,000.
The altcoins have been hit even more severely, with massive double-digit losses from the likes of ETH, DOGE, ADA, AVAX, LINK, and many others.
Cryptocurrency Market Overview. Source: QuantifyCryptoCryptoPotato reported yesterday’s price movements, which came just minutes after the latest FOMC meeting, in which Powell said the Fed couldn’t purchase bitcoin, and he warned that the rate cuts for 2025 might be halted.
BTC slumped from over $105,000 to just under $98,000, and the altcoins followed suit. The primary cryptocurrency managed to recover some ground today and even spiked to nearly $103,000

TL:DR;
XRP was the top performer from the larger-cap alts until yesterday afternoon, but its price has tumbled hard by double digits since then.
Could that be related only to the market-wide retracement, or is there more to the story, such as another ‘sell-the-news’ event?

Recall the price developments around XRP that took place earlier this week. The asset stood at around $2.35 but exploded on Monday evening to almost $2.6 after the company behind it announced that its long-anticipated stablecoin would be launched on the next day – December 17.
The positive movements continued on the launch date as XRP skyrocketed to a multi-week peak of $2.73 (on Bitstamp and other exchanges).
However, Ripple’s cross-border token failed to maintain its momentum despite multiple highly

The United States Federal Reserve announced a third consecutive rate cut, this time by 25 basis points.
Unlike the previous such occasions in the past few months, bitcoin and the rest of the crypto market headed south immediately and violently.
Perhaps the reason for this lies in Fed Chair Jerome Powell’s words as he hinted that the central bank might halt its current policy of reducing the key interest rates due to the alarming CPI data that came out for November and October.
“Today was a closer call but we decided it was the right call,” he said.
Bitcoin’s price tumbled hard as the asset plummeted to a multi-day low of $100,250, and the freefall doesn’t seem to be near its end. The cryptocurrency had already retraced from $108,300 to $105,000 within a day, making a

US investors continued to pour money into the spot Bitcoin ETFs after Donald Trump’s victory in the presidential elections, and the streak extended into the past five trading days.
The Ethereum counterparts have also enjoyed the momentum by attracting almost a billion dollars within the past week.
BTC ETFs Keep the Momentum Going
The initial 11 and now 12 spot Bitcoin ETFs have already broken several records in terms of massive net inflows in their first year. This is particularly true for BlackRock’s IBIT, which quickly became the largest of the bunch and continues to be the favorite among investors.
The past five trading days solidified the recent trend that started even before the elections. On Monday, December 9, the funds attracted $489.1 million in net inflows,

Bitcoin’s price went to a new multi-week high of just under $103,000 but was stopped there and pushed south by around a grand.
The altcoins have performed a lot worse on a 24-hour scale, resulting in a growing BTC dominance.
BTC Dominance Increases
Monday and Tuesday saw a few violent price rejections for the primary cryptocurrency, which was driven to $94,400 on a couple of occasions during those days. However, the bulls managed to prevail and propelled a few leg-ups that helped BTC recover all losses and were quick to challenge the six-digit entry territory by Thursday.
In fact, bitcoin indeed broke through that level and spiked to $102,000 on Friday and Saturday. It was stopped there at first but the bulls drove it even further hours ago to just under $103,000.

The cryptocurrency market is in retreat once again, with bitcoin dumping below $95,000 for the second time since Monday evening.
While many altcoins are also deep in the red, the ever-volatile meme coin sector has produced some of the most violent corrections.
Although there are many success stories of small-time investors turning thousands of dollars into hundreds of thousands or even millions, the meme coin niche remains highly-volatile and risky, especially in times of market-wide corrections.
The current situation solidifies this narrative. Bitcoin has declined by 3% on a daily scale, dropping below $95,000 minutes ago. Many larger-cap alts, such as ETH, SOL, and BNB, have slipped even more – by around 7% each.
However, assets from the meme coin industry, like BONK,

TL:DR;
XRP continues to dig new local bottoms as the asset slumped to a multi-day low of under $2 twice in the past 24 hours.
This comes just a few days after some analysts speculated that Ripple’s token had already peaked during this cycle.

Recall XRP’s massive price surge that started shortly after Donald Trump’s victory in the US presidential elections and intensified when current SEC Chair Gary Gensler said he will depart from his position on January 20, 2025.
The cross-border token skyrocketed by over 400% within the span of a month, going from under $0.6 to almost $3 to chart its highest price tag since January 2018.
However, this is where the landscape changed for the asset as it quickly started to lose momentum even though the community was anticipating a break

Bitcoin’s latest price rejection at the coveted $100,000 mark has pushed the asset south hard, dumping by about six grand in hours.
The altcoins followed suit with massive losses from most of them, including double-digit price declines from WIF, TIA, FIL, APT, LTC, and others.
Bitcoin/Price/Chart 9.12.2024. Source: TradingViewShortly after CryptoPotato’s Market Watch from the morning, BTC actually went on the offensive and jumped above $100,000. However, that was short-lived, and the asset slumped below it almost immediately.
It lost a few grand and calmed at $98,000 in the following hours before the bears were able to take complete control of the market minutes ago and propelled a massive leg down.
In it, BTC’s price tumbled by four grand within an hour or so and dumped

TL:DR;
Ripple’s native token is poised to retrace in the short term, but that could be just the start of another rally that will push it to a new all-time high, said a popular analyst.
XRP has cooled off after the recent gains and is actually 10% down on the week.

XRP took off a little late after Trump’s decisive win in the US presidential elections, but once it did, it stole the show completely. At one point, its gains had gone above 420% on a monthly scale as the asset climbed to a multi-year peak of almost $3.
As the community was praising and celebrating the move in anticipation of a new all-time high ($3.4, according to CoinGecko), XRP’s momentum vanished, and it started to lose value gradually. As mentioned above, the token now stands at an 11% weekly decline, and

Charles Hoskinson, the founder of IOG – the organization between the Cardano ecosystem, has informed that the Cardano Foundation’s X account has been compromised by bad actors.
They posted a tween about an SEC lawsuit, claiming that the Foundation will cease its support for ADA.
The false statement begins by explaining that the US Securities and Exchange Commission has continued with its war against crypto under the current regime by filing a lawsuit against the Cardano Foundation.
Consequently, the team had made “the difficult decision to immediately cease all support towards the ADA token to ensure compliance with regulatory requirements.”
Such statements typically impact assets in the ever-volatile cryptocurrency market, but the swift reaction of X’s team and Charles

TL:DR;
Whales continue to make big moves in the cryptocurrency market, and some keep accumulating PEPE.
At the same time, others have decided to possibly part with WIF holdings and secure substantial profits.

Lookonchain data has repeatedly outlined the growing demand from large investors toward the third-largest meme coin – PEPE. The latest substantial acquisition came hours ago as two wallets, perhaps belonging to the same entity, spent almost $5 million in USDC to accumulate over 190 billion PEPE.
This came amid the asset’s price rally that pushed it beyond $0.000026 for the first time ever on Saturday evening.

Whales are buying $PEPE!
2 wallets (likely belonging to the same whale) spent 4.89M $USDC to buy 190.14B $PEPE at an average price of $0.00002572 in the last 6

ETH has finally joined the bull party as its price shot up to over $4,000 for the first time since March this year.
This spectacular surge comes on the heels of the growing interest and demand for the spot Ethereum ETFs, as Thursday was the best day ever in terms of net inflows.
ETHUSD. Source: TradingViewOn the day the US presidential elections were decided – November 6 – ETH’s price struggled at around $2,500. The rest of the market was in anticipation of the results but once it became clear that Trump will be the next POTUS, BTC and most alts exploded.
Ethereum also went up but remained in the shadow of bitcoin and many altcoins, such as XRP, DOGE, XLM, TRX, SOL, and even BNB at one point. Many of those charted fresh all-time highs, while others went to multi-year

TL:DR;
SOL’s price skyrocketed after Trump’s victory in the US elections to a new all-time high of $263 on November 23 but lost its momentum and is down by more than 11% since then.
However, whales seem unfazed as they keep buying portions of the asset while analyst envision a massive rally that could push it to as high as $600.

SOL Whales Push the Buy Button
As mentioned above, Solana’s native token was among the biggest beneficiaries of Trump’s victory as it found a place among the top four altcoins at one point when it was in front of XRP and surpassed BNB. However, the roles have reversed, with XRP surging to the third spot, while Binance Coin took back the fifth earlier today after a historic rally to a fresh peak.
Solana, alongside other assets like BTC and DOGE,

TL:DR;
Shiba Inu surged on Sunday but retraced hard on Monday, alongside the rest of the market.
However, certain analysts believe this could be the calm before the storm, and they even envision a new all-time high for the popular meme coin.

SHIB’s Monday Downfall
CryptoPotato reported yesterday the positive price developments around the second-biggest meme coin. At the time, SHIB was the top performer from the larger-cap alts, having surged by over 15% on a 24-hour scale. As a result, SHIB skyrocketed to its highest levels since March this year of over $0.000033.
However, the entire crypto landscape changed on Monday, with many assets plunging hard. Bitcoin, for example, dumped from over $98,000 to under $95,000 amid some potential profit taking from whales.
Shiba Inu’s

TL:DR;
XRP continues to make the headlines, with another notable surge that pushed its price beyond $2.7 for the first time in almost seven years.
On-chain data has attributed this mindblowing monthly rally to whales accumulating the asset, mostly on Coinbase.

It almost seems like a repeat now when it comes down to XRP’s price performances in the past month and since Sunday, in particular, but there’s a lot going on around the asset.
Recall that just yesterday, Ripple’s native token traded at around $1.9. However, it exploded first to over $2.2, as reported, before it shot up to $2.5 for the first time since January 2018.
During the market-wide retracement from earlier on Monday, it slipped back down to $2.2, but the bulls stepped up on the gas pedal once again and

After several days of charting new peaks and coming less than $200 away from $100,000, bitcoin’s price has taken a breather and has dropped by over four grand since Friday’s high.
Several of the high-flying altcoins on Saturday have reversed their trajectory as well, with XRP, DOGE, and ADA dumping hard from the larger caps.
CryptoPotato reported yesterday BTC’s impressive surge that resulted in the asset exceeding $99,800 on most exchanges to chart its latest all-time high. While the community was preparing for a run toward and beyond $100,000, though, the cryptocurrency lost its momentum and started to retrace.
At first, it dropped to $98,000 on Sunday, as reported earlier, but the bears kept the pressure on and bitcoin fell even further to under $96,000. Its market cap

Bitcoin’s inability to overcome the coveted $100,000 milestone on Friday and Saturday has resulted in a minor price decline to around $98,000 as of now.
Several altcoins, such as XRP and DOGE, have plummeted as well in the past day, but others, like TON, DOT, and XLM, have charted double-digit surges.
BTC Calms to $98K
BTC traded at around $90,000 at the start of the business week but quickly started to gain traction and exploded above the previous all-time high of $93,800 by the middle of it. This came amid the growing impressive net inflows toward the spot Bitcoin ETFs in the States.
The cryptocurrency’s rally continued in the following days and peaked on Friday. At the time, the asset came just inches away from touching $100,000 but was stopped at about $99,800 on most

The US-based spot Bitcoin ETFs enjoyed a highly positive week, with every trading day ending with net inflows of millions and even billions of dollars.
In stark contrast, the Ethereum counterparties ended the same five-day trading period deep in red territory.
Over $3B Enter BTC ETFs Weekly
It has been nothing short of a spectacular run for BTC’s price as well as the inflows in the spot Bitcoin ETFs in the US after Donald Trump’s decisive victory in the 2024 presidential elections. The past trading week was no different, although it started somewhat sluggishly on Monday with a modest $254.8 million in inflows.
However, things picked up on Tuesday with $829.5 million, another $773.4 million on Wednesday, and $490.3 million on Friday. Oh, let’s not forget the whopping

The crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a drill, Jim Cramer said on national TV that bitcoin is a winner and he advised people to own BTC.
If this isn’t a clear bear signal, we don’t know what is.
Bitcoin Is a ‘Winner’
The host of CNBC’s Mad Money has frequently outlined somewhat controversial viewpoints and advice in his show. His success rate, at least when it comes down to crypto, has been… mixed. Actually, he has changed his mind more times than ‘a girl changes clothes,’ as Katy Perry would say.
We will not go down the long road of his pro- and anti-bitcoin and crypto statements, but all we are going to say is that there is an inverse Cramer account and trading strategy on X, and even Elon Musk has previously mocked

TL:DR;
Enemy number one for Ripple and many other cryptocurrency projects in the US will be leaving in January.
XRP already reacted with a massive surge after the news broke, but how high can it go? This is the answer from ChatGPT and Perplexity.

Gensler Leaves, XRP Surges
The current chair of the US Securities and Exchange Commission announced on Thursday evening the long-anticipated news that he will leave his position at the agency on January 20, 2025 – the day president-elect Donald Trump will step into office.
The Commission has been in a nearly four-year-long battle against Ripple, which seemed close to a resolution during the summer of 2024 but faced another extension as the SEC appealed a previous 2023 ruling. As such, many started speculating that the only way

Bitcoin tried and tried to break into a six-digit price territory but was stopped just inches below $100,000 and has been pushed south by around a grand.
Its dominance over the alts has slumped in the past day, as many, such as DOGE, ADA, AVAX, and DOT, have charted double-digit surges.
BTC Fails at $100K
Bitcoin had a highly positive business week, which started with a price surge to over $90,000 on Monday. After a brief retracement, the bulls returned and helped BTC chart a new all-time high of $94,000 on Tuesday.
However, that was just the start as the asset kept climbing and broke above $95,000, $96,000, $97,000, $98,000, and $99,000 by Friday.
Naturally, all eyes turned to the coveted $100,000 target, which many speculated could be broken immediately. However, the

Bitcoin reached a new peak of $95,000 hours ago but was rejected and pushed south by over a grand within minutes.
Although it has recovered some ground, many altcoins, especially from the meme coin niche, have plummeted hard, leaving over $400 million in liquidations on a daily scale.
The specific dump is evident by the plunging meme coin market cap. While that of the entire crypto market has dropped by 2.3% over the past 24 hours to $3.2 trillion on CG, the meme coins have lost more than 10% and their own capitalization has slumped from over $130 billion to $115 billion, according to CoinGecko.
The biggest losers over the past day include POPCAT, which has slumped by nearly 20%, and PNUT, which is down by 17%.
More double-digit losses from the largest 100 meme token alts

The major lawsuit against the future leader of the Department of Government Efficiency (D.O.G.E) will end soon, at least according to the most recent filings by both sides’ lawyers.
Those representing the investors who sought a $258 billion payout withdrew their appeal from an earlier ruling by Judge Hellerstein, who sided with Tesla’s CEO in August 2024.
Recall that the lawsuit was initiated in July 2022 after the conclusion of the 2021 bull market. It alleged Musk of illegally interfering with DOGE’s price, especially during an appearance on NBC’s Saturday Night Live where he praised the asset, but also via his many tweets on the matter.
Most of those interactions resulted in immediate price increases for the OG meme coin, including tapping an all-time high of over $0.73

Most of the cryptocurrency market is in the red today, charting some price losses after the recent massive rallies. BTC fell below $90,000 and even briefly dipped beneath $87,000, ETH is down to just over $3,000, while DOGE and SHIB have plummeted by 5-8%.
Two of the top ten largest cryptocurrencies have defied this trend – Ripple’s XRP and Cardano’s ADA. Both assets are up by double digits on a daily scale.
XRP Taps $0.9
CryptoPotato reported yesterday’s price surge from XRP, which drove it from $0.7 to over $0.8 for the first time in almost a year and a half. The most probable reason seemed to be related to the current SEC chair, Gary Gensler, and the growing number of rumors that he will step down from his position soon.
Although such confirmation has not been published

The total cryptocurrency market capitalization increased to about $3.05 trillion throughout the past seven days, adding close to $400 billion. This comes on the back of stellar performance from most of the coins, including but not limited to Bitcoin, Ripple, Dogecoin, and more.
But first, let’s dive into what Bitcoin did. The week started off relatively calmly. Last Friday, when we wrote our previous market update, it was trading at slightly less than $80K, but this all changed on November 11th, when the price broke $80,000 for the very first time.
The industry was ecstatic. It was a major cause for celebration. Little did we know that the bulls had something else entirely planned for the rest of the week. On November 12th, Bitocin tapped $90K for a new all-time high. What