The ECB says rapid stablecoin growth raises financial-stability concerns for 
the euro area despite currently limited local exposure. The European Central 
Bank (ECB) on Monday published a report authored by Senne Aerts, Claudia 
Lambert and Elisa Reinhold noting that global stablecoin market capitalization 
now exceeds $280 billion and is dominated by US dollar-denominated tokens ( 
[…]

ECB Warns Stablecoins’ Growth Spurs Potential Spillover Risks in Euro Area

The Trump family&#8217;s wealth fell by $1B due to crypto market declines, with 
major losses in tokens, mining ventures, and Trump Media&#8217;s bitcoin holdings. 
The Trump family&#8217;s reported wealth has declined by more than $1 billion over 
the past month…

Trump family’s crypto fortune drops over $1B in market rout

Bitcoin (BTC) is undergoing one of the most challenging periods of the year, 
with prices retracting nearly 30% from its all-time high of $126,000 reached 
last month. This decline has raised concerns about a potential bear market, 
fueling fears within the cryptocurrency community and among BTC investors. 
Despite this, a new AI-driven simulation by Bitcoin analyst Timothy Peterson 
offers a more tempered outlook. In a post on X (formerly Twitter), Peterson 
indicated that while the situation remains complicated, the simulation 
suggests that the bottom might have already been reached or could occur within 
the week. Bitcoin Predicted To Experience Slow Recovery In his analysis, 
Peterson predicts a slow recovery for the Bitcoin price leading up to the 
year&#8217;s end, though he projects less than a 50% chance that Bitcoin will 
reclaim the $100,000 mark by December 31. Related Reading: CEO Reveals 
Ripple’s XRP Is Driving A JPMorgan Competitor, Is SWIFT Next? The model 
presented suggests a nuanced scenario where there is at least a 15% chance 
that Bitcoin could close lower at approximately $84,500 and an 85% chance of 
finishing higher. However, it is crucial to note that these estimates are 
based on seasonal averages and do not account for anticipated changes in the 
broader economic situation, to which BTC has shown vulnerability throughout 
the year. Historically, Bitcoin has shown a pattern where significant price 
movements are often followed by periods of consolidation. If this trend holds, 
Bitcoin may stabilize within a new range between $84,000 and $90,000, with the 
$80,000 level serving as a crucial support point for short-term price action. 
Fed’s December Rate Path According to recent reports, one factor contributing 
to Bitcoin’s current struggles is the sentiment among investors, particularly 
those who purchased when prices hovered around $90,000. Related Reading: 
Attack On Cardano Founder Leads To Network Halt, What Really Happened? With 
the cryptocurrency now trading below this threshold, approximately at $88,900 
when writing, many investors may be hesitant to buy in again, especially if 
they are facing margin calls due to borrowed funds. The upcoming days could 
prove pivotal for the broader cryptocurrency market as delayed economic data 
is set to be released ahead of Thanksgiving. Barron’s reports that if the data 
strengthens the narrative for the Federal Reserve (Fed) to reduce interest 
rates in December, it could provide a boost to Bitcoin and its peers. 
Conversely, if the Fed opts to maintain interest rates, it might trigger 
further sell-offs in the crypto sector. Victoria Scholar, head of investment 
at Interactive Investor, emphasizes the importance of the $80,000 technical 
support level for Bitcoin. She stated that a breach below this level could 
further embolden bearish sentiments, adding additional downward pressure on 
prices. Featured image from DALL-E, chart from TradingView.com

Bitcoin Faces Less Than 50% Chance Of Hitting $100,000 By December 31, Says AI Model

Spot gold prices inched up early Tuesday as markets pre-positioned ahead of an 
expected Federal Reserve interest-rate cut — prediction markets put the 
probability at about 83%. Gold Edges up as Markets Expect Federal Reserve to 
Cut Rates The Facts Metal investors have reacted positively to the expectation 
of a rate cut, taking positions to […]

Fed Could Give Gold a Launchpad With Upcoming Cut

The Pump.fun co-founder disputed claims of a massive off-ramp and says 
Pump.fun’s USDC shifts were routine treasury operations.

Cryptocurrency price in USD