Cryptonews

Enter our analyst hero, Ali Martinez, who, with a twinkle in his eye, reminds us that every death cross in the past year has been nothing but a conspiracy to lure in the weary, only to reverse its malevolent course and shock everyone back. He even references 2022-a year when the crypto odyssey plunged to depths most poetic. The current speed of decline mirrors that of yesteryear’s descent, a dance of history repeating itself with a cruel rhythm. How delightful! 🎭

Now, before you start crying into your coffee, let’s talk about history. Over the past year, every time this death cross happened, Bitcoin bounced back like a boomerang. But wait-remember that time in 2022 when it led to a bear market? Yeah, that was fun… not. 😑

Eleanor Terret from Crypto In America spilled the tea: Agriculture Committee Chair John Boozman is totally committed to this timeline. 🙌 Apparently, the government shutdown threw a wrench in his plans, but hey, no pressure! 😅 Meanwhile, draft bills are being whipped up faster than a Thanksgiving pie in both the Senate Agriculture and Banking Committees. 🍰

The $8-$8.6 resistance zone? Oh, that’s going to be a tough cookie to crack. And for underwater holders, exiting at break-even could just fuel the selling fire.

So, what does this mean? Well, according to the ever-reliable on-chain data, the SSR has dipped into what the crypto buffs call “buy territory”. Think of it as the market’s way of whispering, “Hey, now’s a good time to buy, or at least that’s what history suggests.” When the SSR is low, it’s like walking into a buffet with a fresh wallet – lots of dry powder ready to be spent. Conversely, a high SSR chimes in with a warning that everyone’s already spent their stablecoins and the market might be ripe for a tumble.

The winds of change are blowing through the financial sector as Vaneck unveils its Solana ETF, blending cost efficiencies, staking access, and regulated structures like a master chef concocting a Michelin-star dish. The result? A recipe that’s tempting institutions seeking streamlined exposure to fast-execution blockchain markets.

BeInCrypto has identified three meme coins worth keeping an eye on, based on how well they’ve performed recently.

Over 154,000 traders got liquidated – yeah, nearly a quarter of a million souls now wistfully wish they had stayed in bed that day. Total liquidations hit about $801 million, because nothing says “bye-bye money” like losing half a billion in a blink. Out of this, around $500 million involved long traders-because why not add some more pain to the mix? It’s like a long squeeze buffet, and everyone’s invited.

The new system uses “tokenized deposits,” which are digital versions of real money that live in a blockchain network. Imagine a magical vault where your cash dances around the globe without needing a passport. Unlike cryptocurrencies or stablecoins, these tokens are backed by actual bank deposits-like a wizard’s spellbook. 🧙‍♂️💸

And just like that, the RADAR token took a nosedive of about 30% faster than you can say “bankruptcy,” on November 17th. Who knew that crypto dreams could fade so swiftly? 🎢