Daily Crypto NewsEDITION #1115, 12 December

Bitcoin Is Calmer This Cycle, Softer

Today, in 1910, socialite Dorothy Arnold disappeared without a trace in New York City. She was the heiress to a perfume company.

Big Money = Big Risks

Let’s keep this in mind. But that’s no reason to shy away from big money.

Now, let’s get straight to the important stuff because we value your time — time is Moni.

What’s up?

We want to break down the market analysis into three parts:

1. Bitcoin

At the time of writing, $BTC is at $101K. It seems like this bull run will be the gentlest in terms of Bitcoin corrections.

Average BTC Drawdowns: -7.68% in 2022 vs. -16.24% historically

Max BTC Drawdowns: -26.25% in 2022 vs. -71.15% from 2011-2013

ETF inflows seem to be cushioning Bitcoin dumps. However, BTC still looks highly overheated, and we’re expecting a “Christmas” sell-off as investors cash out to buy gifts for loved ones. But, as we’ve already mentioned, the upcoming correction will likely be much milder than in previous bull runs.

2. Altcoin Season

BTC dominance is rising, making altcoins feel a bit shaky. However, this doesn’t apply to Ethereum, which is still attracting hundreds of millions of dollars through ETFs — $100M just yesterday.

3. AI Tokens

AI currently accounts for 40% of the altcoin market. We need fresh narratives to drive altcoin growth.

The more exciting and profitable narratives we get, the more the altcoin market will expand.

Other Major News:

- Trump-Linked Wallet Activity: It has accumulated $ETH, $LINK, and $AAVE. we are increasingly convinced Ethereum will hit a new ATH soon.

- Binance x Circle Partnership: They’ve teamed up to accelerate the adoption of USDC and crypto in general. Binance will make USDC more accessible, which is a bullish.

With Ripple being allowed to launch its stablecoin, other companies might follow it, potentially ending Tether's market monopoly.

– Zuckerberg’s Political Move: Through META, Mark Zuckerberg donated $1M to Trump’s inauguration fund.

Well, what can you do? Mark clearly wants to remain a “visionary” and avoid clashing with the new administration. We all remember how Mark admitted that Facebook supported Biden’s campaign back in 2020.