Ethereum

Bankless co-founder David Hoffman argues that Ethereum is technically independent of Bitcoin and could actually benefit from a Bitcoin collapse, especially in the face of threats from quantum computing.

Bitcoin reclaimed the $90,000 level on Thanksgiving, a historically bullish move for the holiday. The broader crypto market followed suit, with Ethereum and other major altcoins posting significant gains, while analysts note the unusual nature of the pre-holiday rally.

Major crypto exchanges like Binance and Coinbase are experiencing record inflows of stablecoins, Bitcoin, and Ethereum following recent market corrections, signaling potential significant price movements ahead.

Bitcoin surged over 3% yesterday, its best day in six weeks, climbing past $91,000 and suggesting the recent downturn may have ended. Altcoins followed the rally, with Kaspa, known as ‘Bitcoin 2.0’, leading the top 100 with a 17% surge.

The crypto market is up three percent, driven by positive sentiment ahead of Thanksgiving and expectations of a Fed rate cut in December. Tech stocks and ETF inflows also support the rise.

The newly launched Monad (MON) token has surged 80% since its debut, bucking the broader market trend. The Ethereum-compatible layer-1 blockchain is gaining significant traction, particularly among Dutch investors on the Bitvavo exchange.

The crypto market shows slight gains with a total cap above $3 trillion, but Bitcoin remains volatile and down 30% from its October peak. Analysts are split on whether the recent dip was the bottom or if further declines are likely.

BitMine Immersion Technologies has purchased an additional €170 million worth of Ethereum, solidifying its position as the largest corporate holder with 3% of the total supply. While the price saw a short-term bump, analysts remain divided on ETH’s near-term trajectory.

A mysterious trader who correctly predicted the October crypto crash has placed a €38.6 million long position on Ethereum, sparking market discussion.

After weeks of declines, the crypto market shows signs of recovery with modest gains, though bitcoin struggles while ethereum and XRP lead the upside. Positive US economic data supports the market sentiment.