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ETH breaks below 50-100-day exponential moving average support...$3,000 retracement likely

As BeInCrypto reports, "Based on the daily chart of Binance ETH/USDT, ETH has broken below the 50- and 100-day exponential moving average (EMA) support. The next major support could be at $3,031, but a break below $3,000 is possible if exchange holdings, profit status volume, etc. do not decrease." However, BeInCrypto added, "A clear bounce in ETH near the $3,031 support level could put the brakes on the downtrend. In that case, ETH could retake the $3,336 support and invalidate the bearish reversal scenario." On CoinMarketCap, ETH is currently trading down 6.10% to $3,279.99.

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

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