Bitcoin being widely used for daily payments in the future is just “out-of- 
the-money-option value upside,” according to BlackRock’s head of digital 
assets Robbie Mitchnick.

BlackRock’s Bitcoin clients aren’t ‘underwriting’ the case for global payments

Prediction markets are stacking their chips on a modest rate cut at the 
Federal Reserve’s December meeting, even as policymakers publicly wrestle with 
conflicting data and internal divisions. Rate-Cut Odds Swing as Bettors React 
to Fed Rifts and Patchy Data Prediction markets are sending a clear message 
ahead of the Federal Reserve’s Dec. 9–10 meeting: […]

CME Futures and Betting Markets Align on Fed’s Potential Quarter-Point Cut in December

The Bitcoin market continues to witness an intense price correction in line 
with broader crypto market movement. In the past week, the premier 
cryptocurrency recorded another 10% price decline, trading as low as $80,800, 
before experiencing a modest bounce. Bitcoin now stands 32.79% below its all- 
time high, with distribution taking preference over accumulation for most 
investors. However, popular analyst Gert Van Lagen has unveiled an on-chain 
trend that postulates an impending revival of the bull market. Related 
Reading: Saylor’s Strategy Under Threat: Index Status At Risk With $8 Billion 
On The Line Bitcoin Historical Post-Halving Movement Indicates Bullish Hope In 
an X post on November 21, Gert Van Lagen outlines a positive Bitcoin price 
prediction based on data from the previous post-halving movement. The renowned 
analyst explains this forecast, using a long-term logarithmic chart of 
Bitcoin’s price vs Bitcoin block height, which highlights a regression channel 
the digital asset has followed since 2009. According to Van Lagen, Bitcoin has 
followed a similar pattern after every halving, which usually begins with 
pushing above the midline of this long-term regression channel. Thereafter, 
the premier cryptocurrency accelerates into a blow-off top (orange spikes) at 
the channel’s upper boundary as seen in 2013, 2017, and 2021. For all its 
price exploits in the present market cycle, Bitcoin presently trades just 
below the midline of the regression channel, suggesting there is ample space 
for price appreciation. However, Van Lagen notes some unusual price behavior 
in that Bitcoin has experienced rejection thrice at this midline, each time 
resulting in a bounce off the 0.382 Fibonacci retracement line. Nevertheless, 
the analyst still expects the premier cryptocurrency to maintain the 15-year 
historical trend and eventually secure a decisive move above the midline 
resistance. If this price development occurs, Van Lagen also predicts Bitcoin 
to rise to around $350,000 &#8211; $400,000, a price range target that aligns with 
the upper boundary of the regression channel. Related Reading: Why The Bitcoin 
Crash To $85,000 Is Actually Good News: Jeff Park The &#8216;Genuine&#8217; Bearish Market 
Despite the heightened fears of a bearish market at the moment, Van Lagen 
explains that the much-dreaded crypto winter only commences after Bitcoin 
reaches its upper boundary target, establishing a market top. Based on the 
presented analysis, the market expert predicts Bitcoin will crash from this 
market peak to retest the 210,000 block SMA, i.e, the lower trend line of the 
regression channel. At the time of writing, Bitcoin is valued at $84,300 after 
a 2.36% price loss in the past day. In the last month, the crypto market 
leader has experienced a 21.96% price devaluation, suggesting a rather 
volatile and cautious market condition. Featured image from Pexels, chart from 
Tradingview

Bitcoin Block Channel Reveals $400,000 Price Target – Details

Liberty Report host Ron Paul and co-host Chris Rossini say the U.S. economy is 
drowning in “everywhere bubbles,” pointing to runaway spending, a ballooning 
artificial intelligence (AI) build-out, and the Federal Reserve’s easy-money 
regime as the primary culprits. Ron Paul Calls out AI Mania as Another 
‘Everywhere Bubble’ In the latest Liberty Report, Ron Paul […]

Ron Paul Warns the Fed’s ‘Fantasy Money’ Is Fueling the AI Bubble

The crash highlights vulnerabilities in decentralized networks, potentially 
undermining trust and impacting future blockchain investments.
The post Port3 Network token crashes over 80% on reports of possible exploit 
appeared first on Crypto Briefing.

Cryptocurrency price in LKR