It’s Official: UK Grants Bitcoin And Crypto Full Legal Asset Status

Bitcoin, Ethereum, and Solana are showing signs of a potential high-time-frame reversal, stabilizing at key structural support levels after weeks of price compression. All three cryptocurrencies printed a bullish engulfing candle, indicating renewed buyer interest. This development suggests a significant shift in market dynamics for these leading assets.

Ether (ETH) has recently outperformed Bitcoin in terms of spot ETF flows and short-term returns, with technical charts indicating a potential 20% price increase. This trend suggests a shift in market dynamics favoring ETH over BTC as traders adjust their positions accordingly.

Bitcoin is currently facing a critical resistance level between $98,000 and $100,000, as highlighted by Trader Mayne. A successful breakthrough in this range could significantly alter the market structure, indicating a bullish trend for the cryptocurrency. This comes after Bitcoin's recent recovery from a dip, with prices hovering around $93,000.

Bitcoin's price is expected to remain below $95,000 as low liquidity in December may limit its recovery rally, according to analyst Paul Howard. This situation could lead to rangebound trading for Bitcoin, which may inadvertently benefit smaller altcoins in the market.

XRP has reached a yearly high in on-chain velocity, indicating a surge in network activity as it rebounds to the $2.10 level amidst a recovering cryptocurrency market. This uptick in velocity, reported by CryptoOnchain, reflects increased economic activity and liquidity on the XRP Ledger, marking a significant moment for the cryptocurrency.

Amid significant market turmoil in November, long-dormant wallets transferred a total of 2,443 BTC, indicating a potential shift in investor sentiment. This movement comes as Bitcoin's price has experienced considerable volatility, dropping nearly 20% during the month and raising concerns about the cryptocurrency's stability.

Bitcoin is showing signs of a bullish trend as investor sentiment shifts positively, challenging a decade-long bearish seasonal pattern. This change suggests a potential for BTC to reach new highs before the end of 2025.

Bitcoin has shown renewed bullish momentum, reclaiming significant price levels above $90,000, indicating a potential turning point in the cryptocurrency market. Key metrics suggest a growing appetite from investors, which could signal a shift in market dynamics.