Author: Sahil Poudel

Will Bitcoin Crash Again on Thanksgiving?

Summary: Everyone especially crypto enthusiasts know how the holiday season causes volatility in price. So the hot topic for traders is how Thanksgiving will affect Bitcoin’s valuation. The big question: Will this year break the pattern, or is another dip looming ?

Thanksgiving’s Track Record

Thanksgiving week has often brought Bitcoin price corrections. In November 2020, Bitcoin peaked at $19,633 but failed to break $20,000 until after a sharp correction. Within two weeks, however, it surged past its all-time high, setting new records in early 2021. This year, Charles Edwards of Capriole Fund highlights that while Wednesdays like Nov. 27 are often bullish for Bitcoin, Thanksgiving Day itself has seen consistent price drops over the past five years, making traders wary.

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Current Market Vibes

Bitcoin is currently hovering near $95,000, a critical psychological level. Analysts believe a daily close above this mark could confirm bullish momentum, but failure to stay above the 50-day EMA might trigger a drop toward $90,000. The 4-hour chart shows potential for volatility, with the next 24 hours being pivotal for market direction.

Holiday Dip or December Rebound?

Even if Bitcoin dips on Thanksgiving, historical trends point to quick recoveries in December. Factors like the upcoming halving are keeping investor sentiment optimistic. Whether it’s a crash or a rally, Thanksgiving might just set the stage for Bitcoin’s next big move.

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Blockchain Startup Partior Secures Deutsche Bank as Strategic Investor

Summary: To support expansion in real-life cross-border payment solutions, Deutsche Bank joins digital world, It joins fintech firm Partior’s $80 million Series B round. This partnership is done with the aim of boosting Partior’s fiat offertings and strengthening its global an worldwide presence.

Deutsche Bank Joins as Strategic Investor

Deutsche aims to involve itself in digital space and has become a strategic investor in Singapore-based blockchain startup Partior, adding and helping to a insane amount of $80 million Series funding round. This doesn’t block itself from other prominent investors like Peak XV Partners, J.P. Morgan and Standard Chartered. The investment is still being kept in dark meaning the amount remains undisclosed, Deutsche Bank plans to act as a Euro and U.S. dollar settlement bank on platform.

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Expanding Fiat and Payment Solutions

Partior aims to expand its global operations and develop new services, such as intraday FX swaps and multi-bank payments, with the backing of its investors. Deutsche Bank’s involvement positions it to harness blockchain technology for faster, more transparent, and secure payments.

Pioneering Blockchain-Powered Payments

Founded in 2021, Partior is transforming cross-border payments with real-time clearing and settlement solutions. Currently supporting USD, EUR, and SGD, the platform plans to add JPY, GBP, and AUD in the future, enhancing its ability to address inefficiencies in traditional payment systems.

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Dogwifhat Jumps After Robinhood Listing: Is $5 Next ?

Summary: Dogwifhat (WIF) surged 7% to 3.65 after being listed on Robinhood but this surge didn’t last as it dropped down to $3.23. Experts however are still hopeful and optimistic and suggest WIF could hit $5 if it sustains momentum. This signals a hope for further growth in meme coins amid Robinhood’s shifting crypto strategy.

Meme Coin Momentum

Dogwifhat is a solana based meme coin which experienced a sudden and significant boost following its integration to Robinhood’s crypto offerings. Being in the listing expanded WIF’s exposure, making it one of only 20 tokens available on the platform. Though nothing is confirmed as just after the initial spike, the price came down to %3.23 and now is on a well-defined consolidation zone which might suggest another significant surge coming in near future.

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Technical Analysis and Price Projections

Analysts note that a daily close above $3.75 could trigger a 25% rally, pushing WIF to $4.70. If positive sentiment continues, $5 could be achievable. For now, the coin’s performance hinges on breaking out of its current range.

Skepticism and Future Listings

While WIF enjoys its moment in the spotlight, critics question its lack of intrinsic value compared to established coins like DOGE. Speculation is growing about Robinhood potentially listing other dog-themed tokens, including BONK, which could further fuel meme coin momentum.


MicroStrategy Acquires 55,500 BTC for $5.4 Billion

Summary: MicroStrategy just bought an outrageous amount of Bitcoin and has positioned itself as the top of the top corporate Bitcoin holder with a historic and monumental purchase of 55,500 BTC for $5.4 billion. This purchase made possible by a mix of debt offerings and equity sales, making this purchase the company’s largest and greatest Bitcoin investment yet.

Record-Breaking Bitcoin Purchase

MicroStrategy bought an astonishing amount of 55,500 BC at an average price of $97,862 per coin in a span of just a week starting from November 18 and November 24. This is by far the largest acquisition of the company making its total holdings to 386,700 BTC. That amount of BTC is valued at over $37 billion.

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Funding Through Capital Initiatives

This purchase was only made possible by significant capital raising efforts as already briefly explained in the summary section above. The efforts include a $3 billion debt offerings and $2.46 billion from equity sales. However this wasn’t done without any plan as MicroStrategy has outlined a $42 billion capital plan over three years to support further Bitcoin acquisitions.

Strategic Performance Metrics

MicroStrategy uses a proprietary “Bitcoin Yield” indicator to measure performance. As of November 24, its year-to-date Bitcoin Yield stands at 59.3%, showcasing strong growth while managing share dilution.

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Rumble to Invest $20M in Bitcoin for Strategic Expansion

Summary: After the recent valuation boom for Bitcoin several companies, industries and platforms have started investing in Bitcoin or use it as a financial reserve. Following this trend a Video-sharing platform widely known as Rumble has announced plans to allocate up to $20 million in Bitcoin as a part of its strategy to make its corporate treasury diverse and open a broader opportunity in crypto.

Rumble Embraces Bitcoin for Growth

The news of Rumble allocating up to $20 million of its reserves to bitcoin was revealed or said out in a blog post on Nov. 25. Chris Pavlovski, CEO of Rumble used Bitcoin’s current boom, it’s resistance nature against inflation including its independence from monetary polices as key reasons while going through with this decision. Rumble plans to position itself on a greater place in crypto space through these type of strategic investment.

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Flexible Investment Strategy

This strategic approach by Rumble is very flexible and came at the company’s discretion. The timing of this allocations strategy seems unclear as BTC has slowly started to slow down compared to past week but the company emphasized its ability to pause or modify the strategy as market condition evolve.

Part of a Broader Trend

Rumble isn’t the only company or enterprise to join allocate BTC in its business or make BTC as their financial reserves but Rumbles joins companies like MicroStrategy, Genius Group and Anixa Biosciences that are adding and integrating Bitcoin into their financial strategies. This recent trend shows the growing interest of institutions which reflects Bitcoin’s potential as a long-term asset and inflation hedge.

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Ex-Girlfriend Tosses $716M Bitcoin Fortune into Landfill

Summary: A hard drive containing 8,000 Bitcoins was accidentally thrown away by James Howells, a Welsh IT specialist, in 2013 after his ex-girlfriend Halfina Eddy-Evans. Bitcoin was worth £500,000 at the time, but it is now worth $716 million.

A Costly Mistake

The mix-up happened during a home cleanup when Howells accidentally told Eddy-Evans to toss a bag containing the hard drive. The bag ended up buried in the Newport Council landfill, a sprawling 110-acre site with over 1.4 million tons of waste.

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Hope and the Legal Battle

To get the council to investigate the landfill, Howells has been begging for years. He has even offered to pay £10 million to utilize robotic diggers and artificial intelligence. Despite pledges to contribute a portion of the Bitcoin that was recovered, the council turned down his pleas, citing legal and environmental issues.

By suing the council for $495 million in October 2024, Howells intensified the situation. Online discussions concerning the possibility of recovering the lost riches have been sparked by the anticipated court decision on December 3, 2024.

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Chill Guy Meme: From Viral Sensation to Controversial Cryptocurrency

Summary: A new meme is taking the online world by storm and has also started hitting marks on crypto market. Obviously, the meme we’re talking about is the “Chill Guy” meme and its memecoin soared by a staggering 7,258% as per the data provided by CoinGecko data.

What is the Chill Guy Meme?

Chill guy is an brown dog dress as a human being in a casual jeans, sneakers and a grey sweater posing itself in a chill persona. This surfaced into internet as a casual lighthearted character but then it got viral on several social media platforms like Instagram and TikTok and this lighthearted wholesome picture became a relatable icon of modern calm.

Chill Guy Enters Crypto and Controversy

As the Chill guy rose on popularity people started making memecoin out of it adn it did gain a lot of momentum and skyrocketed in value but in return faced backlash from Banks. In a X post, the official artist of the meme came forth and said ” I don’t endorse or consent to my art being used for any crypto-related things. Chill Guy is copyrighted, and takedowns will be issued on for-profit activities.”
This does create a tension in the crypto and meme environment after the addition of legal stance.

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WBTC Flash Crashes on Binance Below $6K After Coinbase Delisting

Summary: Just days after Coinbase stated that it was delisting Wrapped Bitcoin (WBTC) owing to liquidity issues, the price of WBTC fell to $5,209 on Binance before rising to $98,000.

Sparks of Uncertainty in a Flash Crash

BitGo’s WBTC saw a precipitous 95% drop on Binance on November 23; in less than an hour, it went from $98,500 to $5,209. The cause is currently unknown, and neither BitGo nor the WBTC team have provided an explanation. This comes after Coinbase said that it would delist WBTC on December 19 due to liquidity issues.

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Growing Competition in Wrapped Bitcoin

Coinbase’s entry into the market with its competitor token, Coinbase Wrapped Bitcoin (cbBTC), intensifies the competition for WBTC. Kraken has also launched its version, kBTC.

The delisting comes amid strained relations between Coinbase and Justin Sun, involved with WBTC via a BitGo joint venture. Sun has criticized Coinbase for failing to provide proof-of-reserves for cbBTC.

WBTC’s Role in DeFi

WBTC, which was introduced in 2019, tokenizes Bitcoin in order to facilitate liquidity in systems that use decentralized finance (DeFi). Its market capitalization is close to $14 billion, and it is correlated 1:1 with Bitcoin.

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Blockchain Association Pushes Trump to Prioritize Crypto

Summary: Crypto community has a lot of hope from president-elect Donald Trump, and they want trump to take 5 out of several key steps in his first 100 days to position U.S. as a leader in the sector of blockchain and many completely believe he’ll go forth with it too as he started his campaign with a promise to make U.S. a pro-crypto nation.

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Five Crypto Priorities for Trump

1. Create a Regulatory Framework
The association calls for clear crypto legislation to balance consumer protection and innovation, with a focus on stablecoins, which offer price stability by being pegged to assets like the U.S. dollar.

2. End Banking Bans for Crypto Firms
Crypto businesses struggle without banking access, affecting payroll and vendor payments. Lifting restrictions would stabilize their operations.

3. Reform the SEC and Repeal SAB 121
The group seeks new SEC leadership to replace what it terms a “hostile” stance and recommends repealing SAB 121, an accounting rule limiting crypto activities.

4. Appoint Pro-Crypto Treasury and IRS Leadership
New leadership could address restrictive tax policies like the Broker Rule, fostering privacy and innovation while discouraging firms from relocating offshore.

5. Establish a Crypto Advisory Council
A public-private council would promote collaboration between regulators, Congress, and the industry to create balanced rules supporting growth and consumer protection.

Senator Lummis Proposes Bitcoin Reserves Backed by Gold

Summary: Senator Cynthia Lummis suggests a digital and decentralized way to make their national finances strong, He suggests converting U.S. gold reserves into Bitcoin. Though this seems to be a great leap for crypto community and it’s development, critics question the feasibility of the program in the midst of U.S’s growing debt crisis.

Bitcoin Strategic Reserve Plan

Lummis says that currently Bitcoin is way more valuable than gold as gold has recently been undervalued. He aims to do this without creating new dollars. He also points out that the BTC can be stored in Bitcoin Strategic Reserve Fund in decentralized places to make sure it’s properly and very tightly secure to reduce centralized risk like gold. He suggests a program to buy 200,00 BTC annually to ensure the reserve reached 1 million BTC in five years, which he expects would lead the states to participate through segregated accounts if the BTC is held for 20 years.

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Criticism and Concerns

No matter how blissful the program by senator may sound but experts in field of economics, Avik Roy argue that this plan won’t be able to address the annual $2 trillion deficits and explains how fiscal reform is vey much necessary. He also expresses how the volatility of Bitcoin and the crypto space as a whole causes potential misuse.

Trump’s Crypto Push

Trump has always advocated for a pro-crypto administration which includes a crypto advisory board to guide policy. Since this is a really huge deal for every digital and decentralized firm, Major crypto firms like Ripple and a16z are dying for a role.

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