Price Analysis

Bitcoin surged to a three-week high of $94,600 before pulling back, leaving the market nervous ahead of tonight’s Federal Reserve interest rate decision and press conference.

A recent analysis from Coinbase suggests Bitcoin may experience a ‘Santa Claus rally’ this December. The rationale is based on a significant reduction in market leverage following a volatile November, creating a healthier market structure and reducing the risk of sudden liquidations.

Terra (LUNA) and Terra Luna Classic (LUNC) have seen massive gains of over 120% this week, driven by a network upgrade and token burns. Dutch investors are notably active, with LUNC becoming a top-traded asset on local exchanges.

Bitcoin is reclaiming the $90,000 level, sparking renewed optimism. Analysts suggest the bull market may continue as institutional demand absorbs retail selling, while Strategy (formerly MicroStrategy) reinforces confidence with a nearly $1 billion Bitcoin purchase.

Two analysts present bullish cases for XRP at key price levels, though bearish scenarios remain possible despite favorable market conditions.

XRP’s price decline has pushed investor sentiment to ’extreme fear,’ a level that has historically been followed by significant price surges, despite recent whale selling and a lackluster reaction to new ETF inflows.

The new XRP ETF has seen nearly $900 million in inflows, setting records, yet the XRP price has declined to around $2.03. This contrasts with the price rallies seen by Bitcoin and Ethereum after their own ETF launches, leaving investors wondering what’s behind the divergence.

Large holders, or whales, have offloaded over 510 million XRP in the past week, putting significant downward pressure on the price. Despite the launch of several XRP ETFs, the asset struggles to gain momentum, though analysts point to a potential breakout from a symmetrical triangle pattern.

Ethereum whales have opened long positions worth $426 million, signaling confidence in a price rise to $4,000, while the supply on exchanges hits a historic low.

Market analyst Corné Marchand counters recent bullish calls for Bitcoin to hit $180,000, arguing that on-chain data and ETF flows point to a bear market. He warns of a potential pump to $110,000 as a liquidity grab before a further decline and outlines his strategy to buy in at lower levels.