Bitcoin is trading at $94,449 and Ethereum is trading at $3,414. The total value of the cryptocurrency market reached 3.18 trillion dollars. The market value of Bitcoin was recorded as 1.86 trillion dollars, and the market value of Ethereum was recorded as 411 billion dollars.

Bitcoin fell below $93,000 as sellers took control in its attempt to reach the $100,000 target, and the price fell to $92,619. Investors in leveraged long positions suffered major losses with a total buy-side liquidation of $337.6 million in the last 24 hours. The high sales volume attracted attention, especially in central exchanges that constantly offer futures contracts.

According to Glassnode’s analysis, another factor behind this selling wave was the selling of Bitcoin’s long-term investors (6-12 month period). This group acquired Bitcoin at approximately $57,900, trading at a cost approximately 37.9% lower than the current market price. As the Bitcoin price approached $90,000, the number of short positions opened increased and the BTC funding rate increased from 0.019% to 0.04%.

Liquidation map data shows that if the price persists below $94,000, a new selling wave may be triggered and continue up to the $90,000 level. However, it is stated that some investors are preparing to buy again at this level.

Despite Bitcoin’s pullback, investors are still trading in “popular altcoins”

As the Bitcoin price pulls back from all-time highs, investors remain interested in altcoins. Onchain analysis platform Santiment stated in its post today that although Bitcoin fell below $ 93,000 on November 25, traders continued to evaluate opportunities in metaverse tokens and some other altcoins.

According to Santiment, metaverse-focused Sandbox (SAND), Stellar (XLM) and Ethereum (ETH) are among the altcoins featured in social media discussions. While SAND in particular attracts attention due to the increasing interest in metaverse investments, XLM attracts the attention of investors after a political event in South Korea. Ethereum, on the other hand, is preferred by investors with the expectation that it can perform better compared to other cryptocurrencies with large market capitalization.

Ethereum regains dominance over USDT, surpassing Tron for the first time since 2022

Ethereum has regained the lead in stablecoin USDT supply. For the first time since June 2022, the amount of USDT on Ethereum exceeded that on Tron. As of publication date, 66.936 billion USDT was in circulation in Ethereum, while this amount was recorded as 61.77 billion in Tron. Since the beginning of 2023, the USDT supply on Ethereum has increased by 62%, while the increase on Tron has been limited to 24.4%.

This change accelerated last week with the increase in USDT production. The main reason for this growth in USDT supply on Ethereum could be that Bitcoin has reached a new all-time high, reigniting interest from both individual and institutional investors.

Additionally, rising expectations that spot Bitcoin ETFs will be approved have increased demand for stablecoins such as USDT, which are critical for liquidity and capital flow in the crypto ecosystem. Ethereum’s dominant role in DeFi and institutional adoption reinforces its position as the chain of choice for stablecoin liquidity. On the other hand, Tron continues to play an important role, especially in remittance-dominated regions, with its low fees and transaction speed. This function of Tron makes an important contribution to stablecoin transactions.

Canadian healthcare firm approves plan to add $1 million Bitcoin to its treasury

Health and plant-based e-commerce company Jiva Technologies has decided to add Bitcoin (BTC) to its company treasury with the approval of its board of directors. The company plans to invest up to 1 million dollars for this purpose.

Lorne Rapkin, CEO of Jiva Technologies BitcoinHe stated that due to its limited supply and resistance to inflation, it is seen as a safe haven in times of economic uncertainty.

Rapkin also stated that BTC has proven its value with positive developments in regulatory frameworks and institutional adoption, and said that the company considers BTC as an inflation-resistant treasury strategy. Canada-based Jiva Technologies aims to create online health communities and develop partnerships to support health brands. The firm recently rebranded as Jiva Technologies, rebranding as PlantX Life, and operates online plant delivery marketplaces such as Bloombox Club.

The company, which announced a partnership with Ethereum-based Kale Coin (KALE) for the healthcare industry on November 11, achieved a 36.4% increase in its shares with these strategic steps. Jiva Technologies has taken its place among the companies that consider BTC as part of their treasury strategy. Recently, YouTube alternative video platform Rumble announced that they will invest $20 million in BTC, and biopharmaceutical company Hoth Therapeutics announced that they will invest $1 million in BTC. Additionally, artificial intelligence firm Genius Group joined this trend by purchasing 110 BTC ($10 million).

Bitcoin is trading at $91,088 and Ethereum at $3,143 on the first day of the new week. The total value of the cryptocurrency market is at 3.02 trillion dollars. Bitcoin’s market cap is $1.82 trillion, while Ethereum’s market cap is $377 billion.

JPMorgan weighs up six possible changes to the crypto market under Trump administration

While Bitcoin broke a record at $93,500 with the rise in crypto markets after the US elections, JPMorgan analysts pointed out important regulations and market changes that could affect the US crypto market under the Trump administration. Rapid approval of pending crypto laws, establishing a clear framework for stablecoins, and halting US Federal Reserve Digital Currency projects are among the possible developments.

While it is expected that the SEC’s sanction-oriented approach will be softened and moved to a more collaborative regulatory attitude, it is stated that steps can be taken to facilitate the participation of banks in crypto asset custody services. In addition, while the expectation of spot ETFs for assets such as XRP and Solana increases, it is stated that legal processes and regulatory obstacles may slow down this process.

It is predicted that clear regulations could increase venture capital investments, mergers and acquisitions, and public offerings, but radical steps such as the US adopting Bitcoin as a reserve asset are unlikely to occur. It is emphasized that all these developments can accelerate growth in the sector, but progress depends on political decisions.

Memecoin craze is back, Solana-based DApps achieve record fee revenues

In the last 24 hours, Solana-based applications have reached record fee and revenue levels due to the influence of memecoin speculations. Raydium broke the record in daily fees with $11.31 million, while Jito earned $9.87 million, Pump.fun $1.65 million and Photon $2.36 million. These developments occurred in parallel with Solana’s native token SOL rising to $242.

This level stands out as the highest price since November 2021. In the Memecoin market, squirrel-themed Peanut (PNUT) reached a market value of $ 2.4 billion, gaining 2700% in value in the last two weeks. Additionally, one of Solana’s largest memecoins, Dogwifhat (WIF), briefly rose to $4.19 after being listed on Coinbase.

These gains pushed Solana’s market value to $112 billion, surpassing its previous peak of $77 billion in November 2021 by 44%. However, this growth was due to new SOL tokens coming into circulation with Solana’s staking rewards. Solana’s current annual inflation rate is 4.9%, decreasing by 15% each year.

Tether launches RWA platform HADRON to enable tokenization of everything

Stablecoin issuer Tether has announced a real-world asset tokenization platform called Hadron, where users can tokenize “anything.” Tether announced that this platform will initially offer a wide range of services, from core products such as fiat-backed or commodity-based stablecoins to tokens collateralized by digital assets.

The company stated that in addition to stocks, bonds, stablecoins and loyalty points, assets such as land, valuable works of art or luxury jewelry can also be tokenized. Tether CEO Paolo Ardoino emphasized that Hadron makes asset tokenization easier, secure and scalable. Tether goes beyond USDT, the largest US dollar-backed stablecoin, and invests in different areas such as traditional finance, commodity trading and agriculture.

Tether’s move comes at a time when other companies such as Ripple and Plume Network are turning to similar tokenization projects. For example, Plume Network tokenized solar farms, private loans, and precious mineral rights, while the AgriDex platform contributed to the transportation of products such as olive oil and wine.