Ethereum (ETH) is holding firm around the $2,900 level as improving macro 
sentiment, renewed whale accumulation, and rising ETF inflows strengthen 
expectations for a short-term rebound toward $3,400. Related Reading: Capriole 
Founder Not Bearish On Bitcoin Despite Headwinds—Here’s Why With Federal 
Reserve rate-cut odds now above 80%, traders are positioning for a potential 
shift in risk appetite that could benefit major cryptocurrencies, especially 
ETH. ETH&#8217;s price trends to the downside on the daily chart. Source: ETHUSD on 
Tradingview Fed Pivot Hopes and Institutional Demand Bolster Ethereum Ethereum 
has traded between $2,700 and $3,300 in recent weeks, but fresh catalysts are 
helping the asset stabilize above $2,900. The biggest driver is macroeconomic. 
CME FedWatch data shows the probability of a December interest-rate cut has 
surged from 30% to more than 80%. Lower interest rates typically encourage 
investment in risk-on assets such as crypto. Institutional flows reflect that 
shift. U.S. spot Ethereum ETFs recorded $96.67 million in inflows on November 
24, with BlackRock alone contributing $92.6 million, its first inflow in two 
weeks Treasury giant BitMine continues to accumulate aggressively, adding 
69,822 ETH (over $200 million) last week and bringing its total holdings to 
3.63 million ETH, around 3% of the circulating supply. At the same time, whale 
wallets holding 10,000–100,000 ETH amassed 440,000 ETH in one week, signaling 
renewed confidence despite broader market caution. Ethereum (ETH) Poised for a 
Breakout Toward $3,400 Despite trading under the 20-day SMA at $3,132, 
Ethereum is showing early signs of bullish momentum. The MACD histogram has 
crossed into positive territory, and the RSI is sitting near the neutral 50 
line, with room to move higher before hitting overbought levels. Other 
indicators strengthen the bullish case: Bollinger Bands: ETH’s position near 
0.32 suggests price is closer to the lower band, a common rebound zone. 
Volume: Binance 24-hour trading volume around $1.27 billion indicates enough 
liquidity to support a breakout. ATR: With daily ATR at $201.62, volatility 
remains elevated, favoring sharp upside moves if momentum builds. The first 
major test remains $3,132. A clean breakout and two consecutive daily closes 
above this level would likely trigger algorithmic buying and push ETH toward 
the $3,400 target within 5–7 days. Beyond that, resistance at $3,658 becomes 
the next upside objective. Market Risks and Short-Term Outlook While bullish 
momentum is building, Ethereum still trades in a broad descending channel, and 
market structure remains fragile. Failure to reclaim $3,132 soon could send 
ETH back toward $2,750, with deeper support at $2,623 and the cycle low of 
$2,659. Related Reading: The Bull And Bear Scenario For XRP That Could Play 
Out In November Broader crypto weakness, negative spot flows, or delays in 
network upgrades could delay a breakout. However, with rising institutional 
demand, whale accumulation, and rate-cut optimism, Ethereum’s probability of 
retesting $3,400 is steadily improving. Confidence Level medium is at Medium 
(65%), as ETH’s path to $3,400 remains viable but requires confirmation 
through key resistance levels. Cover image from ChatGPT, ETHUSD chart from 
Tradingview

Ethereum Steadies Near $2,900 as Fed Rate-Cut Odds Fuel $3,400 Rebound Hopes

Raising options limits could enhance market liquidity and efficiency, 
reflecting growing institutional interest in crypto derivatives trading.
The post Nasdaq ISE proposes to raise BlackRock IBIT options trading limits 
from 250,000 to 1 million appeared first on Crypto Briefing.

Nasdaq ISE proposes to raise BlackRock IBIT options trading limits from 250,000 to 1 million

Canada now has its first fully compliant CAD-denominated stablecoin after 
regulators approved the QCAD Digital Trust’s prospectus, marking a notable 
moment for the country’s digital-asset sector. Canada Issues Final Nod to QCAD 
Stablecorp Digital Currencies Inc. disclosed that Canada has officially 
entered the era of regulated digital dollars after the QCAD Digital Trust 
received its […]

QCAD Wins Regulatory Green Light as Canada’s First Compliant CAD Stablecoin

Tether, the entity behind the world’s largest stablecoin by market 
capitalization, USDT, has experienced a downgrade in its rating by S&amp;P Global. 
This decision, made public on Wednesday, stems from what the agency describes 
as “persistent gaps in disclosure” and a growing allocation of “high-risk 
assets” within Tether’s reserves. The assets highlighted include Bitcoin 
(BTC), gold, corporate bonds, secured loans, and other investments, all of 
which entail various risks, including credit, market, interest rate, and 
foreign exchange vulnerabilities. Tether CEO Responds To S&amp;P Downgrade In a 
recent research note, S&amp;P Global detailed that this upgrade came as part of a 
new assessment scale implemented in 2023, ranging from 1 to 5. This scale 
evaluates the risk associated with different stablecoins. Following the 
assessment, S&amp;P rated Tether&#8217;s USDT stablecoin as “5 (weak),” marking it as 
the lowest possible score and down from its previous rating of “4 
(constrained).” S&amp;P expressed concerns regarding the limited insight Tether 
provides into the creditworthiness of its custodians and counterparties. 
Related Reading: Has The Bitcoin Price Hit Its Bottom? Key On-Chain Data 
Signals Potential Rebound Ahead Despite this, Tether&#8217;s CEO, Paolo Ardoino, 
responded in a social media post on X (formerly Twitter) stating, “We wear 
your loathing with pride.” He argued that traditional credit rating methods 
used by agencies like S&amp;P arose from a system that has faltered, leading 
regulators to challenge these legacy models. Ardoino contended that Tether 
stands out as a “overcapitalized” organization within the financial sector, 
claiming it does not harbor “toxic reserves.” He further suggested that S&amp;P’s 
methods are better suited for conventional banks and insurers with opaque 
financial histories, rather than being applicable to digital asset issuers who 
operate under different reserve structures. Ardoino&#8217;s remarks indicate a 
belief that the agency’s downgrade indicates discomfort within traditional 
finance toward entities like Tether that aim to transcend a “broken financial 
system.” The firm’s CEO noted: The traditional finance propaganda machine is 
growing worried when any company tries to defy the force of gravity of the 
broken financial system. No company should dare to decouple itself from it. 
Largest Independent Gold Holder In the aftermath of the downgrade, Tether 
strongly rejected S&amp;P’s characterizations, emphasizing its resilience through 
various financial crises, including banking collapses, exchange failures, 
liquidity challenges, and extreme market fluctuations—all while maintaining 
full stability and the ability to redeem USDT. Tether also pointed to its 
issuance of approximately $184 billion worth of USDT, assuring stakeholders 
that it holds sufficient reserves, including US Treasuries and other assets, 
to satisfy redemptions. Related Reading: Monad (MON) Price Skyrockets 80%, 
Emerges As Best Performer Among Top 100 Cryptos Notably, recent reports from 
the Financial Times reveal that Tether has emerged as the largest independent 
holder of gold globally, highlighting the firm’s increasing exposure to non- 
traditional reserve assets. According to the report, the stablecoin issuer 
bought more gold in the last quarter of the year than any central bank in the 
world. The figures show that the firm bought 26 tons of gold, adding to its 
substantial gold reserve of nearly 120 tons. Featured image from DALL-E, chart 
from TradingView.com

Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings

According to crypto analyst Tony Severino, the Bitcoin price has broken below 
the 50-week Moving Average (MA) for the first time in the current cycle, 
triggering renewed fears of a deeper decline. With price momentum weakening 
and long-term trend indicators flashing bearish warning signals, the 
possibility of a price crash to $38,000 is becoming hard to ignore. 50-MA 
Breakdown To Trigger $38,000 Bitcoin Price Crash The Bitcoin price action took 
a decisive turn this week as the market slipped below the 50 MA for the first 
time in this four-year cycle. Severino noted in his technical analysis shared 
on X this Monday that the 50 MA has historically marked the beginning of 
extended downturns. He stated that following Bitcoin’s launch over 14 years 
ago, every time it has closed below the 50 MA, a prolonged bear market has 
followed. Related Reading: Financial Strategist Debunks Prediction That 
Bitcoin Price Will Reach $220,000 In 45 Days Severino’s price chart highlights 
BTC’s price performance from 2017 to date. In the past three Bitcoin bear 
markets, after the price fell below the 50-week MA, BTC continued to drop an 
additional 61%, 59%, and 67%. On average, the cryptocurrency has lost 62% from 
the break point. Applying the 62% drawdown to this cycle’s 50 MA level, the 
analyst predicts Bitcoin could soon experience a price crash to $38,000. From 
the cryptocurrency’s current price of above $87,000, this represents a 
staggering 60% decline. Additionally, it would imply a roughly 70% decline 
from its all-time high of more than $126,000. Severino warns that traders 
calling for a price bottom may be ignoring how far Bitcoin has historically 
fallen once this long-term trend fails. He indicated that the 50-week MA has 
repeatedly served as a dividing line between bullish and bearish phases, and 
that price slipping below it has more often led to extended periods of 
weakness and capitulation. Bitcoin Momentum Indicator Falls To Historic Lows A 
second analysis presented by Severino focuses on Bitcoin’s daily LMACD, which 
is now near levels not seen in more than 1,250 days. The oscillator has only 
pushed below this level six times since BTC’s 2017 macro peak. These past 
instances correspond to periods of heavy downside momentum where the 
cryptocurrency had yet to complete its bottoming process. Related Reading: One 
Of The Most Popular Bitcoin Advocates Dumps Millions In BTC, Here’s Why 
Looking at Severino’s price chart, the extended period without revisiting this 
lower bound suggests Bitcoin may be overdue for a momentum reset. The LMACD 
indicator’s current reading is also unusually weak historically, signaling 
that market momentum has not yet reached extreme pessimism. The readings 
further indicate that, although BTC remains in a downtrend, price corrections 
remain possible before a true bottom is established. According to 
CoinMarketCap data, Bitcoin is trading below $87,000 amid volatile, choppy 
conditions that have contributed to its 24% decline over the past month. 
Featured image from Pngtree, chart from Tradingview.com

Cryptocurrency price in MXN