Bitcoin whale opens $491 million Ether long position

Robert Kiyosaki has issued a warning about an impending global financial crash that could reset valuations, emphasizing that Bitcoin remains outside the weakening financial systems. He suggests that traditional markets are vulnerable, and Bitcoin may serve as a hedge against this instability.

Strategy has successfully retained its position in the Nasdaq-100 index, a significant achievement for the company as it continues to bolster its reputation in the cryptocurrency sector. Michael Saylor, the company's founder, emphasized that Bitcoin hoarding will persist, reflecting a strong commitment to the digital asset. This retention is effective from December 22, following the annual rebalancing of the index.

Bitcoin is currently at a critical juncture, with its macro retracement aligning with a mid-range battle between $86,000 and $100,000. The market has confirmed bearish patterns, and while short-term support is holding, the potential for a deeper pullback looms as bulls struggle to regain momentum.

Analysts have identified that the selling of covered calls by Bitcoin veterans is significantly suppressing the cryptocurrency's price, despite traditional ETF investors showing a willingness to pay premiums for long positions. This dynamic has dampened potential price rallies in the market.

Juventus owner Exor has rejected a $1 billion acquisition offer from Tether, the issuer of the USDT stablecoin, indicating a decision to maintain control over the football club. This rejection comes despite Tether's significant financial backing and interest in expanding its influence in the sports sector.

Ethereum's price has fallen to $3,000 after reaching a high of $3,400 earlier in the week, reflecting a significant bearish trend in the cryptocurrency market. This decline follows a spike in taker volume, indicating increased trading activity amid market volatility.

The XRP ecosystem has made a significant advancement with the launch of Wrapped XRP (wXRP) on the Solana and Ethereum blockchains, enhancing its interoperability and credibility within the cryptocurrency market. This integration allows XRP to leverage the strengths of these major platforms, potentially increasing its utility and adoption.