Altcoins

As the Federal Reserve’s interest rate decision approaches, major crypto investors (whales) are aggressively buying Ethereum and select altcoins like Aster, Pippin, and Chainlink, positioning for a potential market rally.

Bitcoin experiences sharp volatility with double rejections, leading to market-wide losses, while Zcash surges 15%. Key US labor market data due today could influence Fed rate expectations.

Bitcoin experienced volatile price action, dropping over 2% before surging 4.4% to $91,700, though a CME gap suggests a potential pullback to $89,600.

The crypto market ends the week in the red, with Bitcoin hovering around $91,000. Analysts are divided on the short-term outlook, with some predicting a further dip to $85,000 while others believe the bottom is in. Ethereum and XRP also see losses, though minor recovery attempts are underway.

In the latest AltCryptoCast episode, hosts admit to selling mistakes but share an optimistic outlook for recovery with new strategies and positions.

Bitcoin is trading sideways, struggling to break $94,000 resistance, while altcoins like XRP and Solana see sharper losses ahead of the crucial U.S. PCE inflation report.

Zcash (ZEC) is experiencing a massive price surge, driven by renewed interest in privacy, corporate adoption, potential ETF approval, and new exchange listings on Bitget and OKX.

While Bitcoin remains stable, Ethereum gains over 3% following a significant network update, with several related tokens also rising.

Bitcoin’s price stalls at the $94,000 resistance level while Ethereum surges nearly 4%, breaking out against Bitcoin and reaching its highest price in weeks.

Crypto exchange OKX has launched a digital advent calendar for December, offering daily rewards to users in the Netherlands. Participants can open a new door each day until Christmas to claim various crypto prizes.