Ripple Labs has received approval from Singapore’s central bank to expand its payment activities in the region, amid a broader push to grow its business and institutional-focused offerings through acquisitions.
Ripple’s Singapore subsidiary, Ripple Markets APAC, has been approved by the Monetary Authority of Singapore (MAS) to expand the scope of its regulated payment activities under its Major Payment Institution (MPI) license, the company said on Monday.
Monica Long, Ripple’s President, said in a statement that the company values “Singapore’s forward-thinking approach,” and the “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.”
Ripple Payments’ system uses digital payment tokens such as its stablecoin RLUSD and XRP (XRP) for cross-border transactions. The service was created to act as an on-ramp and off-ramp that supports collection, holding, swapping and payouts for banks and companies, according to Ripple.
Ripple was approved for its MPI license in 2023, which allowed it to offer regulated digital payment token services in Singapore.
As of Monday, the MAS website still only lists digital payment token services under Ripple’s license, which “refers to buying or selling digital payment tokens or providing a platform to allow users to exchange digital payment tokens.”
Ripple has been operating in Singapore since 2017, and the company said the area is “pivotal” to its global business.
Crypto use in the Asia Pacific region surges
Meanwhile, Fiona Murray, Ripple’s vice president and managing director in the Asia Pacific, said the region has also been experiencing huge growth, with onchain activity up roughly 70% year-over-year in the area, and Singapore sitting “at the center of that growth.”
“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.”
The total value received was up 69% to $2.36 trillion, led by India, Pakistan and Vietnam, while the Philippines, South Korea and Thailand also featured in the top 20.
Bitcoin (BTC) failed to reclaim $93,000 despite positive momentum in the US stock market and rising gold prices. With the S&P 500 trading just 1% below its all-time high, traders are evaluating what could spark sustainable bullish momentum for Bitcoin.
Key takeaways:
Demand for BTC put (sell) options and stagnant ETF inflows kept momentum capped despite easing macroeconomic conditions.
AI-driven tech relief has cut market stress, but BTC strength relies on holding $90k as investors bet on liquidity support amid softer job market data.
Fed target rate expectations for Dec. 10. Source: CME Group FedWatch Tool
Bond market futures data from CME Group shows traders assigning 87% odds to an interest rate cut on Dec. 10, up from 71% the prior week.
Signs of weakness US the US job market prompted investors to expect a more expansionary monetary policy. The US Labor Department noted that continuing claims climbed to 1.96 million in the week ending Nov. 15.
Meanwhile, the sentiment in BTC derivatives was not significantly altered by the recent price weakness, yet demand for bullish positioning remains notably cautious.
Bitcoin monthly futures held a 4% premium over spot markets on Saturday, unchanged from the previous week.
Under neutral conditions, this basis typically ranges from 5% to 10% to reflect carrying costs. The lack of appetite for leveraged long positions may indicate lingering concerns after Bitcoin’s 18% pullback over the past 30 days.
BTC options markets can help evaluate whether whales and market makers fear additional downside. Bearish phases are often marked by increased demand for put (sell) options.
Bitcoin options put-to-call premium volumes at Deribit, USD. Source: laevitas.ch
Volumes on put options far exceeded call (buy) instruments on Thursday and Friday, signaling elevated uncertainty. A more neutral market would require put-to-call premium volumes at 1.3x or below. While still well off the 5x peak level favoring downside protection seen on Nov. 21, overall sentiment in Bitcoin derivatives remains cautious.
Part of this hesitation stems from stagnant flows into Bitcoin exchange-traded funds (ETF), which added only $70 million in net assets during the week ending Nov. 28.
Additionally, none of the companies that use Bitcoin as a primary reserve asset have expanded their holdings over the past two weeks, according to CoinGlass data.
Top companies holding BTC reserves. Source: CoinGlass
Strategy last added Bitcoin on Nov. 17. More concerningly, holdings attributed to SpaceX moved 1,163 BTC to two new addresses on Thursday, fueling speculation about a potential sale.
It remains unclear whether Elon Musk’s privately held aerospace company changed custodians, as no official statements have been issued.
Trump’s tax-cut plans boosted scarce assets
During the US holiday, President Donald Trump reiterated plans to substantially cut income taxes, citing revenue expected from import tariffs.
Investors grew more willing to take risks as it became clear that government debt would remain under heavy upward pressure, a backdrop typically supportive of scarce assets. Gold gained 3.8% during the week, while silver surged to a new all-time high.
Concerns around the artificial intelligence sector eased after Google’s custom TPU chip enabled Gemini to top benchmarks in coding, math, science and multimodal reasoning.
The breakthrough boosted investor confidence, as the technology uses far less energy than GPU-based processing. Alphabet (GOOG US) gained 6.8% on the week, helping reduce fears about Nvidia’s (NVDA US) growth outlook.
S&P 500 Index (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph
Bitcoin’s path to $100,000 appears increasingly independent of broad macro trends, however, as its correlation with tech stocks continues to fade.
The longer BTC holds above $90,000, the more confident bulls become, supported by the return of ETF inflows, less risk aversion in BTC derivatives, and the likelihood of liquidity injections from the central bank.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Bitcoin (BTC) failed to reclaim $93,000 despite positive momentum in the US stock market and rising gold prices. With the S&P 500 trading just 1% below its all-time high, traders are evaluating what could spark sustainable bullish momentum for Bitcoin.
Key takeaways:
Demand for BTC put (sell) options and stagnant ETF inflows kept momentum capped despite easing macroeconomic conditions.
AI-driven tech relief has cut market stress, but BTC strength relies on holding $90k as investors bet on liquidity support amid softer job market data.
Fed target rate expectations for Dec. 10. Source: CME Group FedWatch Tool
Bond market futures data from CME Group shows traders assigning 87% odds to an interest rate cut on Dec. 10, up from 71% the prior week.
Signs of weakness US the US job market prompted investors to expect a more expansionary monetary policy. The US Labor Department noted that continuing claims climbed to 1.96 million in the week ending Nov. 15.
Meanwhile, the sentiment in BTC derivatives was not significantly altered by the recent price weakness, yet demand for bullish positioning remains notably cautious.
Bitcoin monthly futures held a 4% premium over spot markets on Saturday, unchanged from the previous week.
Under neutral conditions, this basis typically ranges from 5% to 10% to reflect carrying costs. The lack of appetite for leveraged long positions may indicate lingering concerns after Bitcoin’s 18% pullback over the past 30 days.
BTC options markets can help evaluate whether whales and market makers fear additional downside. Bearish phases are often marked by increased demand for put (sell) options.
Bitcoin options put-to-call premium volumes at Deribit, USD. Source: laevitas.ch
Volumes on put options far exceeded call (buy) instruments on Thursday and Friday, signaling elevated uncertainty. A more neutral market would require put-to-call premium volumes at 1.3x or below. While still well off the 5x peak level favoring downside protection seen on Nov. 21, overall sentiment in Bitcoin derivatives remains cautious.
Part of this hesitation stems from stagnant flows into Bitcoin exchange-traded funds (ETF), which added only $70 million in net assets during the week ending Nov. 28.
Additionally, none of the companies that use Bitcoin as a primary reserve asset have expanded their holdings over the past two weeks, according to CoinGlass data.
Top companies holding BTC reserves. Source: CoinGlass
Strategy last added Bitcoin on Nov. 17. More concerningly, holdings attributed to SpaceX moved 1,163 BTC to two new addresses on Thursday, fueling speculation about a potential sale.
It remains unclear whether Elon Musk’s privately held aerospace company changed custodians, as no official statements have been issued.
Trump’s tax-cut plans boosted scarce assets
During the US holiday, President Donald Trump reiterated plans to substantially cut income taxes, citing revenue expected from import tariffs.
Investors grew more willing to take risks as it became clear that government debt would remain under heavy upward pressure, a backdrop typically supportive of scarce assets. Gold gained 3.8% during the week, while silver surged to a new all-time high.
Concerns around the artificial intelligence sector eased after Google’s custom TPU chip enabled Gemini to top benchmarks in coding, math, science and multimodal reasoning.
The breakthrough boosted investor confidence, as the technology uses far less energy than GPU-based processing. Alphabet (GOOG US) gained 6.8% on the week, helping reduce fears about Nvidia’s (NVDA US) growth outlook.
S&P 500 Index (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph
Bitcoin’s path to $100,000 appears increasingly independent of broad macro trends, however, as its correlation with tech stocks continues to fade.
The longer BTC holds above $90,000, the more confident bulls become, supported by the return of ETF inflows, less risk aversion in BTC derivatives, and the likelihood of liquidity injections from the central bank.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange’s crypto chief.
“We’ll just move as fast as we can,” Nasdaq’s head of digital assets strategy, Matt Savarese, said during an interview with CNBC on Thursday, when asked whether the SEC could approve the proposal this year.
“I think what we have to really evaluate where the public comments come back in and then answer and respond to the SEC questions as they come through,” Savarese said. “We hope to kind of work with them as quickly as possible,” Savarese said.
Savarese says Nasdaq isn’t “upending the system”
The proposal, submitted by Nasdaq on Sept. 8, is requesting to allow investors to buy and sell stock tokens — digital representations of shares in publicly traded companies — on the exchange.
Savarese emphasized that Nasdaq is not trying to overhaul the way stocks are invested in when asked whether he expects other major exchanges to follow suit.
Nasdaq’s head of digital assets, Matt Savarese, spoke to CNBC on Thursday. Source: CNBC
“We’re not looking at upending the system; we want everyone to come along for that ride and bring tokenization more into the mainstream,” he said.
“We want to do it in that responsible investor-led way first, under the SEC rules themselves,” he added.
It was only in October that Robinhood CEO Vlad Tenev said that tokenization will “eventually eat the whole financial system.”
The crypto industry is divided on tokenized equities
Savarese emphasized that Nasdaq is aiming to be an innovator in the ecosystem, noting that the exchange was the first to transition markets from paper-based trading to electronic systems.
Tokenizing stocks has been one of the most significant talking points in the crypto industry this year.
On Sept. 3, Galaxy Digital CEO Mike Novogratz said the company became the first Nasdaq-listed company to tokenize its equity on a major blockchain following its launch on the Solana network.
The conversation around tokenized equities has also drawn skepticism from the crypto industry.
On Oct. 1, Rob Hadick, general partner at crypto venture firm Dragonfly, told Cointelegraph that tokenized equities will be a significant benefit to traditional markets, but may not be a boon to the crypto industry as others have predicted.
Hadick said that if tokenized stocks use layer-2 networks, it creates “leakage” as value and may not flow back to Ethereum or the broader crypto ecosystem as much as hoped.
The US Nasdaq stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority, according to the exchange’s crypto chief.
“We’ll just move as fast as we can,” Nasdaq’s head of digital assets strategy, Matt Savarese, said during an interview with CNBC on Thursday, when asked whether the SEC could approve the proposal this year.
“I think what we have to really evaluate where the public comments come back in and then answer and respond to the SEC questions as they come through,” Savarese said. “We hope to kind of work with them as quickly as possible,” Savarese said.
Savarese says Nasdaq isn’t “upending the system”
The proposal, submitted by Nasdaq on Sept. 8, is requesting to allow investors to buy and sell stock tokens — digital representations of shares in publicly traded companies — on the exchange.
Savarese emphasized that Nasdaq is not trying to overhaul the way stocks are invested in when asked whether he expects other major exchanges to follow suit.
Nasdaq’s head of digital assets, Matt Savarese, spoke to CNBC on Thursday. Source: CNBC
“We’re not looking at upending the system; we want everyone to come along for that ride and bring tokenization more into the mainstream,” he said.
“We want to do it in that responsible investor-led way first, under the SEC rules themselves,” he added.
It was only in October that Robinhood CEO Vlad Tenev said that tokenization will “eventually eat the whole financial system.”
The crypto industry is divided on tokenized equities
Savarese emphasized that Nasdaq is aiming to be an innovator in the ecosystem, noting that the exchange was the first to transition markets from paper-based trading to electronic systems.
Tokenizing stocks has been one of the most significant talking points in the crypto industry this year.
On Sept. 3, Galaxy Digital CEO Mike Novogratz said the company became the first Nasdaq-listed company to tokenize its equity on a major blockchain following its launch on the Solana network.
The conversation around tokenized equities has also drawn skepticism from the crypto industry.
On Oct. 1, Rob Hadick, general partner at crypto venture firm Dragonfly, told Cointelegraph that tokenized equities will be a significant benefit to traditional markets, but may not be a boon to the crypto industry as others have predicted.
Hadick said that if tokenized stocks use layer-2 networks, it creates “leakage” as value and may not flow back to Ethereum or the broader crypto ecosystem as much as hoped.
Crypto’s chronic insider trading problem is expanding from token launches to digital asset treasuries (DATs), as investors exploit early knowledge of upcoming corporate coin purchases.
The issue runs deeper than a few bad actors, according to Shane Molidor, founder and CEO of the blockchain advisory firm Forgd. He described insider-style behavior as a structural feature of crypto markets, where prices often detach from fair value.
A veteran of both Western and Asian trading desks, Molidor told Cointelegraph that many of crypto’s early institutions still treat regulation as an afterthought. “In the West, it’s ask permission rather than forgiveness,” he said. “In the East, it’s move fast, make as much money as possible and deal with the consequences later.”
Molidor previously held leadership roles at crypto exchanges AscendEX and the Winklevoss twins’ Gemini. He led trading at market maker FBG Capital in China before launching Forgd. The company, which calls itself a Web3 investment bank, advises on tokenomics design, market maker relationships and exchange listings.
DATs rotate to Ether and Solana as Bitcoin treasuries saturate. Source: Standard Chartered
As DATs gain traction, the same market dynamics driving insider behavior in token trading are now surfacing in institutional products, Molidor warned.
“Even a small amount of buy-side demand can have a huge market impact when the assets are illiquid,” he said. “It’s a virtuous loop — until it isn’t.”
The mechanics behind crypto’s engineered launches
In crypto, new token listings prioritize spectacle over fair market discovery, according to Molidor, who explained that stakeholders in the listing process — exchanges, market makers and token issuers — are “self-interested and profit-motivated.” That dynamic, he said, shapes how new assets are introduced to retail traders.
Exchanges can underprice tokens and keep liquidity thin at launch, so even small bursts of buying from retail users push prices higher. “They’re incentivized to curate prices to go up and to the right,” Molidor said. “They can accomplish this through lesser-known tactics, like purposefully underpricing a token launch at TGE or layering thin liquidity.”
Retail traders interpret the early green candles as signs of strength and rush to buy in, unaware that their own orders are what’s driving the surge. “Everyone thinks they’re getting a fair and reasonable cost basis, but they’re not,” he said. “They’re buying all-time highs and then catalyzing a very poor user experience thereafter.”
Analysis finds tokens on Binance surge after listing. Source: Ren & Heinrich
According to Molidor, this cycle benefits exchanges most. Each listing creates a new round of volume, headlines and user activity, even if prices collapse soon after.
“It’s just a marketing ploy,” he said. “They like to say, ‘The new asset we gave you early access to is now trading at a 10- or 20-times premium,’ but there wasn’t fair and efficient price discovery at the open.”
Throughout Molidor’s career, he observed a clear regional divide in listing processes. Western exchanges like Coinbase follow a slower and more traditional route using auction-based listings that aim for fair pricing but delay trading. By contrast, Asian exchanges favor faster launches designed to capture speculative momentum.
“Coinbase’s approach is more efficient,” Molidor said, “but it doesn’t resonate with speculative retail demographics.”
Crypto’s market tricks are appearing in crypto treasuries
The same behaviors are now emerging in DATs, or companies that buy cryptocurrencies to add to their balance sheets. Molidor said the trend has expanded from early insider-style trading in tokens through institutional products.
He explained that DATs began by accumulating large-cap coins like Bitcoin (BTC), where liquidity is deep and price discovery is efficient. But as competition increased, many of these vehicles are targeting smaller and less liquid tokens in search of higher upside.
That shift makes DATs more vulnerable to manipulation.
The process behind treasury fundraising also opens the door to front-running. During outreach to potential backers, insiders can access early information on which tokens will be purchased. This opens up chances to front-run and simply purchase the asset on the secondary market in anticipation of future price appreciation.
“Now that we’re getting into lower-valuation, lower-liquidity assets, front-running is becoming much more evident,” he added.
“What we’ve found with DATs is that the unspoken goal is often to trigger enough market impact in the underlying spot asset to drive noticeable price appreciation. That, in turn, fuels fear of missing out among speculative buyers, who then push prices even higher.”
But this feedback loop cuts both ways. Once buying pressure slows, the same thin liquidity that pushed prices up can send them collapsing. With few disclosure requirements and little connection to fundamentals, price becomes the only measure of value — and that price can be easily distorted.
“If the price becomes our only proxy for fair value and price can be heavily influenced and manipulated by even a small amount of buying and selling, then you can have runaway capitulation,” Molidor added.
Early examples of how corporate crypto purchases can move markets were seen in 2020 and 2021, when Tesla and MicroStrategy first added Bitcoin to their balance sheets. Back then, the market was thinner and more sentiment-driven, so even modest announcements sparked sharp rallies.
Today, Bitcoin trades with much deeper liquidity and broader institutional participation, so such news barely moves the needle. Molidor said the “virtuous loop” is now more visible in smaller, less liquid assets that still react sharply to treasury or fund purchases.
How Bitcoin’s price reacted to Tesla’s purchase on Feb. 8, 2021. Source: CoinGecko
Insider dynamics still define how crypto moves
The blurred line between token markets and institutional products shows how deeply speculation and information asymmetry remain woven into crypto’s core.
As Molidor sees it, the path forward is about better alignment between blockchain founders, exchanges and the institutions now flooding in. Most token projects still launch with “brilliant tech and terrible market strategy,” he said, while many institutional entrants fail to grasp the mechanics of crypto’s capital markets.
“The problem is that both sides misunderstand each other,” he said. “Founders don’t know how to operate within financial systems, and institutions don’t understand how crypto markets really function.”
The influx of institutional money may legitimize crypto in the eyes of traditional finance, but it also imports new risks from a structure that still lacks transparency.
The next phase of the market will test whether participants can evolve beyond that model.
“You’re giving exposure to something that many investors don’t truly understand,” Molidor said. “When prices reconverge with fair value, that misunderstanding becomes very real.”
Before 2021, China controlled a large share of global Bitcoin (BTC) mining. Data from the Cambridge Bitcoin Electricity Consumption Index shows that Chinese miners produced about 65% of the world’s Bitcoin computing power in 2020.
In 2021, the Chinese government moved to stop mining activity. Authorities cited concerns about financial risks, capital outflows and the high electricity use required for mining. In September 2021, the People’s Bank of China declared all cryptocurrency transactions illegal and confirmed the nationwide ban on mining.
The immediate result was a sharp drop in global hashrate as many Chinese mining facilities closed or moved their equipment to countries such as the US, Kazakhstan and Russia.
Even though China banned crypto mining, global electricity use by BTC miners kept rising. The decline in the nation was offset by rapid growth in other countries. Yearly electricity use for Bitcoin mining increased from 89 terawatt-hours (TWh) in 2021 to about 121.13 TWh in 2023.
Total Bitcoin electricity consumption
The 2024-2025 recovery of mining operations
Mining operations have resumed in various parts of China, though they are smaller and less visible than the large farms that operated in the past.
According to Hashrate Index data reported in October 2025, China now accounts for about 14% of global Bitcoin mining, making it the third-largest mining country after the US and Kazakhstan. Analysts at the onchain research firm CryptoQuant go further, estimating that the real share of Bitcoin mining in China is between 15% and 20%.
Fast-rebounding sales of rig maker Canaan, one of the largest manufacturers of Bitcoin mining machines, also point to a resurgence in Bitcoin mining in China. China accounted for only 2.8% of Canaan’s revenue in 2022. By 2023, the figure had risen to 30%, and industry sources say it exceeded 50% in the second quarter of 2025.
Did you know? Bitcoin’s network is secured by miners competing to solve cryptographic puzzles, yet no single entity has ever controlled it long-term. Geographic shifts from China to the US to Central Asia show its resilience against political and economic disruptions.
Reasons behind the resurgence of mining operations in China
According to a Reuters report, mining operations have restarted in Xinjiang and Sichuan over the past two years or so. Xinjiang is an energy-abundant province that has supported mining activity. Since much of its surplus energy cannot be transmitted out of the region, it is often used for crypto mining.
Many inland regions of China produce more electricity than they can efficiently transmit to coastal cities. In provinces such as Xinjiang and Sichuan, surplus power drawn mainly from coal would otherwise go unused. Using this low-cost or stranded electricity to run mining machines has become a profitable option.
Local governments have also built large data centers in recent years. When regular demand for these facilities is lower than expected, owners can rent space and power to Bitcoin miners. Rising Bitcoin prices since 2024 have further boosted the profits of these miners.
Excessive data center capacity combined with rising Bitcoin prices may have created an optimal environment for the resurgence of cryptocurrency mining.
The underlying factors behind the increase in Bitcoin mining activity include the following:
Availability of inexpensive or underutilized power: When provinces such as Xinjiang and Sichuan have more than enough power, the surplus can be used for mining.
Surplus computing infrastructure: Overdeveloped data center facilities are actively seeking clients to make use of their capacity.
Elevated Bitcoin price environment: A high Bitcoin price, supported in part by favorable cryptocurrency policy changes in the US, improves mining profitability.
The resurgent mining activity is concentrated in power-abundant regions:
Xinjiang with plentiful coal and wind power, along with established industrial facilities.
Sichuan, known for low-cost hydropower during the rainy season.
Other western provinces with surplus energy and favorable local conditions.
Did you know? Every four years, Bitcoin undergoes a halving that cuts miner rewards by 50%. This built-in scarcity mechanism mimics gold extraction and often triggers major market cycles while shaping long-term supply dynamics.
Changing attitude of China toward digital assets
China’s policy toward digital assets is moving away from outright rejection and shifting toward selective, strategic acceptance. Beijing is showing greater openness to carefully regulated digital asset infrastructure.
Hong Kong’s stablecoin licensing framework, which took effect in August 2025, reflects this broader approach. Hong Kong is part of China, though designated as a Special Administrative Region.
On the mainland, authorities are exploring yuan-backed stablecoins as a way to increase the international use of the renminbi, China’s currency. China is also rapidly advancing its central bank digital currency, the e-CNY, and integrating it into public services, cross-border pilot programs and everyday retail payments.
These developments show that China’s approach is shifting from comprehensive bans to controlled experimentation. Digital assets that support financial stability and advance national economic goals may be allowed to operate.
BCH price climbs to $536.10 amid broader market weakness, standing as sole gainer in CoinDesk 20 Index while Franklin Templeton’s ETF expansion highlights growing institutional appetite for alterna…
Quick Take
• BCH trading at $536.10 (up 0.5% in 24h)
• Only major crypto to post gains during recent market downturn
• Testing resistance near 7-day moving average at $539.57
• Bitcoin correlation weakening as BCH shows relative strength
Market Events Driving Bitcoin Cash Price Movement
Bitcoin Cash has demonstrated remarkable resilience this week, posting a 2.8% gain on November 26th while serving as the lone bright spot in the CoinDesk 20 Index during a broader cryptocurrency selloff. This outperformance occurred as most major digital assets declined, highlighting BCH’s potential as a defensive play within the crypto ecosystem.
The standout performance coincided with Franklin Templeton’s announcement to expand its crypto index ETF beyond Bitcoin to include alternative cryptocurrencies including XRP, Solana, Dogecoin, Cardano, Stellar, and Chainlink. While Bitcoin Cash wasn’t specifically mentioned in the initial altcoin inclusion, the institutional embrace of diversified crypto exposure has created positive sentiment for established alternatives to Bitcoin, particularly those with strong utility narratives like BCH.
Bitcoin’s rebound toward $90,000 from the low $80,000s has provided a supportive backdrop for the broader cryptocurrency market. However, BCH price action suggests investors are increasingly viewing it as a distinct asset rather than simply following Bitcoin’s lead, as evidenced by its ability to gain ground while other cryptocurrencies struggled.
BCH Technical Analysis: Consolidation Above Key Support
Price Action Context
The current BCH price of $536.10 sits strategically positioned above the 20-day simple moving average at $517.70, indicating buyers have successfully defended this critical technical level. Bitcoin Cash technical analysis reveals the asset is trading within the upper portion of its Bollinger Bands, with the current position at 0.6895 suggesting room for additional upside before reaching overbought territory.
Trading volume on Binance spot market reached $49.89 million over the past 24 hours, representing solid institutional and retail interest. The price action shows BCH maintaining its position above all major moving averages, with the 50-day SMA at $513.93 and 200-day SMA at $518.14 providing layered support below current levels.
Key Technical Indicators
The RSI reading of 52.83 places Bitcoin Cash in neutral territory, suggesting neither overbought nor oversold conditions. This balanced momentum reading provides flexibility for price movement in either direction based on market catalysts.
MACD indicators paint a bullish picture with the histogram at 3.8456, indicating strengthening upward momentum. The MACD line at 7.5527 trading above its signal line at 3.7071 confirms the bullish crossover remains intact.
Stochastic oscillators show %K at 73.60 and %D at 76.10, approaching overbought levels but not yet signaling an immediate reversal.
Critical Price Levels for Bitcoin Cash Traders
Immediate Levels (24-48 hours)
• Resistance: $568.10 (previous swing high and 38% retracement level)
• Support: $517.70 (20-day moving average and key demand zone)
Breakout/Breakdown Scenarios
A decisive break above $568.10 could trigger momentum buying toward the strong resistance zone at $580.00, with the 52-week high of $624.40 serving as the ultimate upside target. Volume expansion above 60 million would confirm institutional participation in any breakout attempt.
Conversely, a breakdown below the 20-day moving average at $517.70 would likely test the 50-day SMA at $513.93, with the strong support level at $446.90 representing a critical floor for the current bullish structure.
BCH Correlation Analysis
Bitcoin Cash is exhibiting decreased correlation with Bitcoin, as evidenced by its ability to post gains while BTC experienced volatility. This divergence suggests BCH is developing its own technical momentum and investor base.
Traditional market correlations remain minimal, with BCH price movements primarily driven by cryptocurrency-specific factors rather than S&P 500 or gold price action. The Franklin Templeton ETF expansion represents a bridge between traditional finance and alternative cryptocurrencies, potentially establishing new correlation patterns in coming weeks.
Within the altcoin sector, Bitcoin Cash’s outperformance positions it as a relative strength leader, particularly among utility-focused blockchain platforms.
Trading Outlook: Bitcoin Cash Near-Term Prospects
Bullish Case
Continued institutional interest in diversified crypto exposure could drive additional buying pressure. A break above $568.10 with volume confirmation would target the $580-$600 resistance zone. The current Bitcoin Cash technical analysis suggests momentum indicators support further upside exploration.
Bearish Case
Broader cryptocurrency market weakness could eventually pressure BCH price despite recent outperformance. A breakdown below $517.70 would compromise the bullish structure and potentially trigger selling toward the $446.90 support level.
Risk Management
Conservative traders should consider stop-losses below $515.00 to protect against 20-day moving average breakdown. Given the daily ATR of $35.21, position sizing should account for potential $30-40 daily price swings. Long positions above $540.00 offer favorable risk-reward ratios targeting $580.00 resistance.
Bitcoin has reached a crucial overhead resistance, where the bears are expected to mount a strong defense.
Several major altcoins are attempting a recovery, which is likely to be met with selling pressure at higher levels.
Bitcoin (BTC) recovered above $93,000 on Friday, but the bulls are struggling to sustain the higher levels. BTC remains on target to end November in the red. According to CoinGlass data, every time BTC closed November in the red, it was followed by a negative monthly close in December.
Select analysts view the current dip as a buying opportunity. LVRG research director Nick Ruck told Cointelegraph that the recent fall has wiped out overleveraged participants and unsustainable projects, paving the way for new long-term investors to buy “ahead of a promising new year.”
Crypto market data daily view. Source: TradingView
Crypto sentiment platform Santiment also sounded positive in a report on Wednesday, stating that the “uptick in declaration of crypto being in a bear market, and rise of bearish sentiment” is a bullish sign as markets generally move opposite to the crowd’s expectations.
What are the crucial resistance levels to watch out for in BTC and major altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC’s recovery has reached near the 20-day exponential moving average ($93,256), where the bulls are expected to face significant resistance from the bears.
If the price turns down sharply from the 20-day EMA, the bears will make one more attempt to tug the BTC/USDT pair below the $84,000 to $80,600 support zone. If they can pull it off, the Bitcoin price may slump to $73,777.
Instead, if bulls do not cede much ground to the bears from the 20-day EMA, it suggests that the buyers are holding on to their positions. That increases the likelihood of a break above the 20-day EMA. The pair could then soar toward the psychological level of $100,000.
Ether price prediction
Ether (ETH) has reached the 20-day EMA ($3,109), which is likely to attract strong selling by the bears.
If the price turns down sharply from the 20-day EMA, the ETH/USDT pair could decline to $2,623. Buyers are expected to fiercely defend the $2,623 support, as a break below it may sink the Ether price to $2,400.
Alternatively, a close above the 20-day EMA suggests that the selling pressure is reducing. The pair could climb to the breakdown level of $3,350 and thereafter to the 50-day SMA ($3,541).
XRP price prediction
XRP (XRP) has been witnessing a tough battle between the buyers and sellers at the 20-day EMA ($2.20).
The flattening 20-day EMA and the RSI just below the midpoint do not indicate a clear advantage either to the bulls or the bears. If the 50-day SMA ($2.34) gets taken out, the XRP/USDT pair could rise to the downtrend line.
On the other hand, if the price turns down and breaks below $2.14, it suggests that the bulls have given up. The XRP price could then slump to the support line, which is likely to attract buyers.
BNB price prediction
BNB (BNB) rose above the breakdown level of $860 on Monday and has reached the 20-day EMA ($910), indicating buying at lower levels.
A close above the 20-day EMA suggests that the bears are losing their grip. The BNB/USDT pair could then rally to the 50-day SMA ($1,019), which is an important level for the bears to defend.
On the downside, if the price breaks below $860, it shows that the bears remain in command. That heightens the risk of a break below the $790 level. The BNB price may then plummet to $730.
Solana price prediction
Solana’s (SOL) relief rally has hit a wall at the 20-day EMA ($144) but the bulls have not ceded much ground to the bears.
That increases the possibility of a break above the 20-day EMA. The SOL/USDT pair may then climb to the 50-day SMA ($167), where the bears will again try to halt the recovery. However, if buyers overcome the barrier at the 50-day SMA, the pair could rally toward $190.
Sellers will have to sink the Solana price below the $126 support to retain control. If they succeed, the pair could descend to $110 and eventually to the solid support at $95.
Dogecoin price prediction
Dogecoin’s (DOGE) relief rally is facing selling at the 20-day EMA ($0.16), indicating that the bears are active at higher levels.
The bears will strive to pull the Dogecoin price below the formidable support at $0.14. If they do that, the DOGE/USDT pair could start a new downtrend and descend to the Oct. 10 low of $0.10.
Alternatively, if the price turns up and breaks above the moving averages, it shows that the bulls are aggressively defending the $0.14 support. The pair could then rise to $0.21, suggesting that the price may remain inside the $0.14 to $0.29 range for some more time.
Cardano price prediction
Cardano (ADA) is struggling to reach the 20-day EMA (0.47), indicating a lack of demand from the bulls.
The bears will try to strengthen their position by pulling the Cardano price below the $0.38 level. If they manage to do that, the ADA/USDT pair could resume the downtrend and retest the Oct. 10 panic low of $0.27.
Buyers will have to drive and maintain the price above the breakdown level of $0.50 to indicate strength. The pair could then rise to the 50-day SMA ($0.56) and later to the $0.70 level.
If the price breaks above the 20-day EMA, the HYPE/USDT pair could reach the 50-day SMA ($39.12). The bears are expected to mount a strong defense at the 50-day SMA, but if the bulls prevail, the Hyperliquid price could soar to $44 and then to $51.50.
This bullish view will be invalidated in the near term if the price turns down from the moving averages and breaks below the $29.30 level. That opens the doors for a drop to the Oct. 10 low of $20.82.
Bitcoin Cash price prediction
Buyers have managed to maintain Bitcoin Cash (BCH) above the resistance line, signaling buying on dips.
The 20-day EMA ($523) has started to turn up, and the RSI is just above the midpoint, indicating a slight advantage to the buyers. The bulls will have to propel the Bitcoin Cash price above $568 to start a new up move to $580 and then to $606.
Contrary to this assumption, if the price turns down and breaks below the moving averages, it indicates that the market has rejected the breakout from the falling wedge pattern. The bears will then attempt to sink the BCH/USDT pair to the vital support of $443.
Chainlink price prediction
Chainlink (LINK) is facing selling near the 20-day EMA ($13.84) but a positive sign is that the bulls have not ceded much ground to the bears.
That increases the likelihood of a break above the 20-day EMA. The LINK/USDT pair could then climb to the 50-day SMA ($15.87), where the bears are expected to pose a substantial challenge. A break and close above the 50-day SMA brings the large $10.94 to $27 range into play.
Sellers are likely to have other plans. They will attempt to defend the 20-day EMA and pull the Chainlink price to the solid support at $10.94.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin (BTC) has retained a key bull signal despite the crypto market drawdown, new research says.
Key points:
Stablecoin supply trends stay positive for crypto market growth, new research shows.
The ERC-20 stablecoin supply alone is at $185 billion.
Binance users are storing stablecoin “dry powder” for market entries.
Research: Stablecoins matter more than M2 supply
Data from onchain analytics platform CryptoQuant confirms that the supply of stablecoins continues to circle all-time highs in November 2025.
Crypto internal liquidity points the way to fresh growth despite recent short-term setbacks, CryptoQuant shows.
In 2025, the total stablecoin supply on Ethereum network (ERC-20) alone has reached $185 billion — a new all-time high — and continues to hover at that level this month.
“This growth is more consistent than Bitcoin’s price and directly reflects capital entering the crypto ecosystem,” contributor XWIN Research Japan commented in one of CryptoQuant’s “Quicktake” blog posts.
As Cointelegraph reported, crypto price performance has regularly been linked to changes in the global M2 money supply.
After that liquidity measure hit record highs of its own earlier in 2025, its growth has since cooled, ushering in a more uncertain period for risk assets.
BTC/USD vs. global M2 supply. Source: CryptoQuant
XWIN, however, argues that stablecoins are more important as a yardstick for industry performance.
“Stablecoin supply matters because: 1 It is the primary liquidity source for trading, DEXs, lending, and derivatives. 2.It adjusts quickly, capturing investor flows faster than monthly/quarterly M2 data. 3. It tracks institutional and ETF-related inflows into crypto,” it explained.
“In both the 2021 bull market and the 2024–2025 recovery, rising stablecoin supply clearly preceded Bitcoin’s upside.”
Stablecoin “dry powder” in focus
The trend is reflected in liquidity shifts on the largest global crypto exchange, Binance.
As CryptoQuant noted earlier this week, the “skyrocketing” Binance stablecoin reserves stand in stark contrast to the declining reserves of both Bitcoin and Ether (ETH).
“This rare combination (declining coin supply + skyrocketing stablecoin reserves) suggests that traders have been taking profits at price peaks and are now sitting on the sidelines with massive ‘dry powder,’” contributor CryptoOnChain wrote at the time.
“This volume of stablecoins parked on the exchange acts like a compressed spring; upon a price correction or macroeconomic stabilization, it could provide the fuel for a new explosive move. The market is currently in a phase of armed patience.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
