Post #1068

👀Crypto Market Overview Congratulations on the first day of the crypto winter. Bitcoin dropped to $86k, with over $620 million liquidated in 24 hours. Is this manipulation before the Santa rally or a continuation of the crypto winter? 🤔 🪙BTC is trading around — $86,790 🔷 ETH is fluctuating around — $2,840 📈 The biggest gain in 24 hours — MYX +22.45% 📉 The biggest drop — ZEC -20.05% 📊Indicators: 😨 Fear and Greed Index — 20 💵 Altseason Index — 37 📈 Long/Short Ratio — 48/52 💵 Crypto market capitalization — $2.92 trillion 👑 Bitcoin dominance — 59.26% 🇨🇳 The dump was also caused by the People's Bank of China confirming the BAN on crypto and warning about measures to combat crypto transactions. 💸 Plus the Bank of Japan, which has kept rates near zero for decades, sent a negative signal — rates may be raised on December 19. Any hint of a rate hike causes a global market shock. 🔴 As a result, Bitcoin closed the month down -16.7%, one of the worst results in the last six years. 📉 Outflows from BTC-ETF in November amounted to -$3.48 billion, the largest monthly outflow since February. 🪙 Interest in $XRP plummeted by -59% in 24 hours. Traffic, discussions, and trading activity nearly halved. 🏦 Sony Bank is launching a dollar stablecoin in the USA. The token will be used for payments within Sony's ecosystem. 👺 The Yearn Finance project was hacked for $9 million — the hacker gained the ability to mint unlimited yETH and drained the pool in one transaction. 🔮 Forecast: Still couldn't hold $90k. Bears started to develop a negative scenario and with such activity they can quite possibly push it down to $80k. So far, the situation looks extremely negative.