China’s top financial and law enforcement agencies recently convened a high- 
level meeting to reaffirm and strengthen the nation’s total prohibitive stance 
on cryptocurrencies. Reaffirming the Prohibitive Policy China’s top financial 
and law enforcement agencies have convened to reaffirm and strengthen the 
nation’s prohibitive stance on cryptocurrencies, warning that speculative 
activity has resurfaced and poses new […]

Beijing Strengthens Prohibitive Stance on Crypto Speculation as Risks Grow

According to the latest on-chain evaluation, the recently-launched spot 
exchange-traded funds (ETFs) in the United States have added a new dimension 
to the XRP price dynamics. Institutional Divergence From On-Chain Activity A 
Classic Accumulation Sign On Friday, November 28, Cryptonchain, in a Quicktake 
post on the CryptoQuant platform, shared insights into XRP’s recent price 
action. The market analyst revealed that a notable on-chain dynamic is in 
play. Related Reading: Why XRP Will Not Reach $100 By End Of Year Despite ETF 
Launch The relevant indicator here is the XRP Active Addresses metric, which 
tracks the number of wallet addresses actively interacting with the XRP Ledger 
within a specific time period. This indicator provides insights about retail 
engagement, network health, and demand pressure. The analyst reported that the 
XRPL Active Addresses metric has seen a decline to around the 19,400 mark, its 
lowest level this year. What&#8217;s intriguing about this change is that an asset&#8217;s 
price action is typically expected to be in line with its network activity; 
this case, however, proves to be atypical. According to CryptoOnchain, while 
the XRP Ledger collapsed to its lowest levels seen this year, a strong defense 
of the $2.20 price support appears to be going on. This divergent behavior, 
noted the analyst, classically signals that institutions are silently 
accumulating tokens away from the XRP network. When retail activity sponsors 
price rallies, there are expectedly spikes in network activity due to Fear Of 
Missing Out (FOMO) among traders. However, institutions operate differently, 
as off-chain accumulations take place via OTC desks and custodial services 
(for example, Coinbase Prime and BitGo). What It Means For Price The online 
pundit explained that the decline in the number of active addresses to levels 
around 15,000 to 19,000 points to a relative absence of retail investors, an 
investor class with an aggressive reputation. As price thus maintains 
stability through this retail scarcity, it is apparent that there is a growing 
supply shock due to ETF inflows and increasing institutional positioning. 
Related Reading: Bitcoin Price Future: The Polarized Predictions Between Bulls 
And Bears—Who Will Prevail? With these conditions in place, CryptoOnchain 
posited that it is rational to expect a major pump in the XRP price, but under 
the additional condition that retail liquidity returns in a fairly 
considerable amount. As of this writing, the XRP token is valued at $2.18, 
reflecting an over 2% in the past 24 hours. However, according to data from 
CoinGecko, the altcoin is up by more than 14% in the last seven days. Featured 
image from iStock, chart from TradingView

XRP Flashes ‘Classic Accumulation Sign’ — Major Breakout Soon?

Self-custody of assets and financial privacy are both fundamental rights 
consistent with the pro-freedom philosophy on which the US was founded.

Crypto self-custody is a fundamental right, says SEC’s Hester Peirce

On Friday — and over the past week — publicly traded bitcoin miners shrugged 
off the prior week’s funk and piled on a run of solid gains. Of the ten 
largest miners by market cap, all of them spent the last seven days 
comfortably swimming in green. Bitcoin Miners Erupt in Weekly Rally Across 
that […]

A Green Wave Hits Publicly Traded Bitcoin Miners as AI Money and Market Heat Collide

On Nov. 29, the crypto economy slipped 1.84% to $3.09 trillion, cooling off 
after a week that wore a brighter shade of green. Bitcoin tacked on 8.2% in 
gains and ethereum added 10.1%, yet plenty of other tokens outperformed the 
big names — and a few lagged behind entirely, refusing to hitch a ride on […]

Cryptocurrency price in EUR