CandleFocus Thanksgiving Bitcoin Surge: Coinbase Premium Gap Leads Rally
2024-12-03
Author: Content Editor
Bitcoin maintained strong momentum over the Thanksgiving weekend, with demand on Coinbase remaining intact. The positive Coinbase Premium Gap, which measures the price of Bitcoin on Coinbase against other exchanges, indicates localized buying pressure. The appeal of Bitcoin to investors is highlighted by its superior performance on risk-adjusted metrics like Sortino and Sharpe ratios. This performance demonstrates Bitcoin's attractiveness and growing legitimacy as an investment asset. Despite increased selling pressure from long-term holders, new buyer inflation has absorbed the pressure and kept the market stable. The current price of Bitcoin is $96,701.60, and it is expected to face resistance at $97,500. A break above this level could lead to further gains toward $100,000. However, a support area at $91,000 is crucial to prevent downside.
Related News
Cardano Rally Heats Up: Experts See 750% Jump Ahead 'Illuvium Beyond' Ethereum Game Reveals Casio G-Shock Collab NeoDashboard hosting NDMEME Advent Calendar Giveaway SOL Hikes 3.5% After Grayscale Files For Spot Solana ETF Will Uniswap Price Delay $15 Breakout as Institutional Sales Surge? 'Nifty Island' Reveals Token Launch Date After Play-to-Airdrop Push Tron (TRX) Surges to 6-Year High, Eyes $0.48 All-Time Coinbase indexers buckle under SOL demand, ‘dusting’ attacks Michael Saylor Reveals Major Reason Behind MicroStrategy's 'Bitcoin Strategy' Dogecoin Whales Keep Buying – DOGE Metrics Reveal Demand Remains Strong SHIB Burn Skyrockets 3400%, Shiba Inu Rally To Continue? What is the Current Situation in XRP? Analytics Firm Reveals Price Target for XRP If a Bull Similar to the 2017 Rally Comes Ethereum Breakout Targets $7,317 with Strong Momentum and Growing Investor Interest Here’s the Top 10 AI Altcoins Developers Have Focused on in the Last Month Chainlink Price Soars as Whale Activity Intensifies Congress is back in session. Here’s what to expect in these final weeks. Ethereum Dev Sees Coinbase Account ‘Nuked’ After Attempting USDC Transfer Fantom (FTM) Price Surges as Whale Accumulation Intensifies Pencils Protocol Introduces Pencils DEX to Transform DeFi A new kind of crypto ETF weighs market trends BREAKING: Grayscale, the World’s Largest Digital Asset Company, Files for Solana ETF Ripple Lawsuit Lead Attorney Joins US SEC As Chief Litigation Counsel XRP Price Gains as South Korea President Revokes Martial Law Bitcoin miner Foundry lays off staff amid restructuring Hedera surges 90% in 48 hours amid Ripple’s RLUSD launch and HBAR spot ETF news Bitcoin Miner Hive Digital Reveals $60 Million Paraguay Expansion Push Aave (AAVE) whale activity reaches two-year peak as lending expands Top Crypto AI Agents for 2025 Cash App Has Dropped Its Zero Fee Bitcoin $Cashtag Transfers Alex Mashinsky to plead guilty to fraud linked to Celsius bankruptcy Report Claims Forbes Criticized Over Misconception About Monero Here Is What SUI Price Needs to Reach $4 for The First Time Coinbase licensed by NYDFS for virtual currency services Tokenization could help stamp vice, projected to beat the $340 billion mark by 2027 US lawmaker Michael Collins revealed to be trading meme coin Ski Mask Dog What is the Monero "Halving"? Explaining the Monero Mining Rewards Schedule SynFutures announces F token airdrop MARA acquiring Texas wind farm for better Bitcoin mining operations XRP Meme Coins Surge: ARMY, BEAR, and MAG also surge as XRP Hits 7-Year Highs NULS and Nexera Partner to Transform Asset Tokenization Shiba Inu price could rise 60% as burn rate rises 3,400% Crypto.com and HackerOne Launch $2 Million Bug Bounty Program 21.co announces plans for new operating structure Tokens in SEC’s ‘crosshairs’ could benefit from new era: Kaiko Cardano price gains 88% — Is the ADA rally just getting started? The Browser Company’s DIA enters AI browser race with Microsoft Edge, Brave, and Opera Wall Street Analyst Says Selling XRP Now is Like Selling Shares of Berkshire Hathaway in Early Days Shiba Inu Price Eyes 65% Rally With This Breakout Ethereum's monthly onchain volume hits $183.7 billion in November Ripple Chairman Chris Larsen's Net Worth Is Up $6 Billion Since Election Day Sir Richard Branson’s Virgin Voyages becomes first cruise line to accept Bitcoin payments Injective introduces automated INJ burn using AI power agent Ishiba goes cold on crypto tax reform — opposition warns gap between US and Japan getting ‘wider and wider’ Kalshi gives Paul Atkins 93% odds to be Trump’s SEC Chair pick despite mixed reports Will Coinbase continue its meme token streak: Mog Coin (MOG) added to upcoming listing roadmap SUI Set for 60% Rally After $40 Million Exchange Outflows The Sandbox, Decentraland, and Gala Gaming Tokens Surge After Long Lull Missed the XRP price surge? 3 old-school crypto to consider Could quantum computing disrupt cryptocurrency encryption? Litecoin Eyes $233-$280 as Bullish Momentum Breaks Key $120 Resistance Analyst Highlights 2,600% Rally Potential in Travala Token Ripple Pledges 1% Profit Towards Social Impact & Giving Back Bitcoin dominance crumbles: Top 10 beginner friendly altcoins to watch LUNC Price Shoots 30% After 3.1 Billion Token Burn Hedera (HBAR) Price Achieves Major Milestone in Historic 700% Rally Signs of Bottom Fishing on Upbit After South Korea's Martial Law-Led BTC Flash Crash What’s next for Terra Classic after LUNC’s 80% rally MicroStrategy Looks Poised to Join Influential Nasdaq-100 Index. Here's What That Means for the Stock. Beware: This pattern could trigger a Bitcoin crash below $90,000 Russia sentences Hydra marketplace founder to life in prison Litecoin’s bull run: 80% of investors in profit – Is a sell-off coming? Curve Finance monthly revenues up more than 20% on DeFi surge 2 cryptocurrencies to reach a $200 billion market cap in 2025 Why These Altcoins Are Trending Today — December 3 Trump's Top SEC Chair Pick Paul Atkins Reluctant to Take Job: Source South Korea recovers from martial law and XRP, BTC flash crashes AVAX surges 32%, gets closer to $65 resistance – What’s next? Animoca Brands hopes to change auditor after warning it must raise money Zcash inflows spike as price hits resistance level: A sell-off signal? BREAKING: Trump picks pro-crypto Paul Atkins as SEC chair Privacy-focused Cosmos Layer 1 Namada initiates mainnet launch and token airdrop South Korean Martial Law Forces CryptoQuant CEO to Call Musk for Help Immediately Crypto phishing scams to rise during holiday shopping season — Cyvers Pump.fun reaches monthly revenue peak with $93 million in November, rakes in cumulative revenue of $240 million Coinbase receives backlash over ‘lazy’ VPN restriction Franklin Templeton tokenized funds get verification system on Jiritsu Ripple (XRP) Jumps 450% in a Month, Eyes New All-Time High Next Microsoft’s Bitcoin dilemma: Ride $5T BTC wave or avoid risk Safe rolls out 'Safenet' to unify liquidity and user interactions across blockchains Chainlink ‘god candle’ appears as LINK price soars 27% in 24 hours Ethereum ETF Monthly Inflows Surge Past $1 Billion: Impact on ETH Price Bitcoin exchange reserves drop to lowest levels in years: CryptoQuant AIXBT launches CHAOS token, soaring to $25 million market cap in 24 hours TRX hits $20B record high, flashing ‘altseason’ signal for December Arbitrum ready for a $2.40 price target? $21.45B volume suggests… Bitcoin ‘Trump trade’ finished until BTC breaches key $98K resistance Bitcoin crashes to $62,000 on Upbit after South Korea enacts emergency martial law ? MicroStrategy can ignore Bitcoin bear market price crash to $20K — Research JUST IN: Coinbase Announces It Will List an Altcoin in Futures Top Satoshi Candidate Weighs in on Bitcoin Space Mining XRP Takes Over Bitcoin, Ethereum and Coinbase With $2 Billion Volume Surge Analyst Forecasts Cardano Price Could Target $3 If This Happens BlackRock’s Bitcoin ETF (IBIT) Now Holds Over 500,000 BTC Chainlink and 21X to Build Financial Market Infrastructure for Tokenized Securities in the EU Microsoft Integrates Ripple and Ethereum into Azure Blockchain Services What Coinbase listings say about crypto in the US AI predicts Chainlink (LINK) price for year-end Bitcoin Gets a Decentralized Exchange as Cosmos Native Osmosis Activates Bridge Fresh Drop For Bitcoin: Will Bulls Defend $93,257 Once More? JUST IN! Coinbase Adds New Altcoin to Listing Roadmap! Solana Price Forecast As XRP's Monthly Gain Eclipses SOL's Entire Market Cap DWF Labs Deposits $2M ALGO Amid 185% Price Surge XRP Ledger Lowers Reserve Requirements to 1 XRP, Potentially Enhancing User Accessibility and Network Adoption Biconomy Partners with TelePath to Bridge Web3 and Internet Stratos Jets adds crypto payments via BitPay New SHIB Burn Contract Announced as Part of New Shibarium Mainnet Upgrade Bitcoin ETFs Record $6 Billion in Inflows; Analyst Places Target at $100,000 Chromia Enhances Defi and AI Capabilities With Asgard Mainnet Upgrade Ethereum layer 2 Mantle Network taps Chainlink to strengthen cross-chain capabilities Tokenized Uranium Goes Live on the Tezos Blockchain with Archax, Cameco Involved Thanksgiving Bitcoin Surge: Coinbase Premium Gap Leads Rally CHART: XRP market cap briefly exceeds BlackRock at $158.5B BNB Chain: The Silent Catalyst Redefining Web3 Aave Surpasses $31.4 Billion in Deposits Pepe coin price could surge as Reddit Army plots to Pump 5 promising cryptocurrencies Coinbase just added to the COIN50 index CZ's Mysterious Share for Altcoins Came, This Altcoin's Price Started to Rise! XRP Whale Activity Hits All-Time High as Price Eyes $3: Details Coinbase CEO Gives Harsh Cryptocurrency Warning! US Companies Take Back! Crypto payment platform Dtcpay to drop BTC and ETH, shift to stablecoins Orbitt unveils a staking program with $2 million in rewards XRP craze in South Korea reminds traders of LUNA meltdown ? South Korea Declares Martial Law: BTC/KRW Pair Plunges 30% Amid Political Turmoil on UPBIT Wall Street Bitcoin Miner BTC Digital Deploys 2,000 BITMAIN T21 Miners AI Startup CreatorBid Taps DePIN Infrastructure Provider io.net for Scalable GPU Access QCP Capital Explains the Reason for Recent Movements in Bitcoin! Here Are the Details Blockchain for IoT Minima to Develop Ledger-Embedded Microchips With ARM 33.7 Trillion Shiba Inu (SHIB) Incoming in Next 24 Hours Cobra Warns of a New Bitcoin Soft Fork Next Year Binance Coin (BNB) Price Prediction for December 3 Cardano and XRP outperform Bitcoin by over 200% as developers hard work pays off Fuse Network announces an integration with Stargate 12 Bitcoin for $0.01 Transaction Unfolded 15 Years Ago: Details VeBetterDAO Unveils NFT Improvements, New Mascot, and Delegation Innovations Ethereum Price Analysis: ETH Gains 9% Weekly But The Road to $4K Has These Obstacles Whale Sells 575 Ether Coins, Buys 1.54 Million Virtuals Protocol Tokens Vitalik Buterin Mocks Sam Bankman-Fried as He Unveils AI-Backed Ethereum Wallets Yuga Labs acquires tokenproof to drive NFT innovation AI predicts Bitcoin price for Xmas Day, 2024 HTX launches flexible Crypto Loans and offers a prize pool of 2.7 billion in tokens Chainlink Stages Major 33% Comeback, Eyes $30 Target IOTA Price Is Surging: Can It Copy XRP And Hit $1? Bitcoin's $100K Psychological Barrier May Require Multiple Attacks: Van Straten MicroStrategy's Wild Volatility Outpaces Bitcoin by 2.5 Times. Here's What it Mean for Traders? How High Can XRP Go? XRP Price Prediction Amid Whale Accumulation Ex-Ripple Developer: XRP Ledgers First Use Case was to Tokenize BTC Huge Rise in Altcoin Compared to Ripple (XRP)! Here's Why! Charles Hoskinson Spotlights Major Cardano Milestone: Details What DePIN got wrong and how to fix it | Opinion Cardano (ADA) Price Prediction for December 3 Dogecoin Eyes $0.50 as Bulls Defend $0.40 Support Ondo Finance (ONDO) Hit New All-Time High: What’s Behind the Explosive Price Rally? JASMY and XRP Partnership Could Be in the Works as Speculation Sparks Around Ripple Japan and Korea Fund Bitget Launches BitEXC to Capitalize on Vietnam’s Expanding Crypto Market Coinbase hints at PNUT listing through Apple Pay tutorial Ex-Binance CEO CZ Drops Epic Altcoin Season Hint XRP Ledger Down for 10 Minutes: Ripple Reacts Quickly Analyst Forecasts Chainlink Price Target of $200 This Cycle Why Is ONDO Price Rising? Can Stellar Price Hit $1 in December? ? The Candidate Expected to Become SEC Chairman's Connection to This Altcoin Was Revealed, The Price Jumped! Over $400 Million in Sandbox (SAND) Turns Profitable as the Price Skyrockets Ethereum Gains $4.81B in TVL, Outpacing Base ($302M) and Hyperliquid ($290M) Cardano Bull Says ADA Will Rapidly Hit $3 If It Receives ETF News Like XRP IOTA Becomes Top Performing Altcoin, Outshines Market with 40% Surge in 24 Hours Crypto firms in Norway’s wealth fund face ethics probe in 2025: report Not a typo! XRP price nears $3 after soaring 425% in a month Ancient Bitcoin Wallet Revives With Staggering 10,817% Profit: Details Chainlink Whale Bags Heavily Amid LINK Price Rally, 500% Gains Ahead? Crypto Déjà Vu: 2021’s Rally Repeats with Familiar Faces Court Rejects Musk’s $101B Tesla Pay Package (Again)—DOGE Takes a 3% Dip Analysis Firm Announces December Expectations for Bitcoin (BTC) and Altcoins! Santiment Announced 10 Altcoins That Whales Have Flocked to in Recent Days, Warned! 3 Cryptocurrencies That Reached All-Time Highs Today — December 3 TRON’s market cap surpassed $20b, marking a new milestone VeChain (VET) triples its price in 30 days: how far can it go? Polkadot Crosses $10: Analyst Targets $22 After Key Retracement Shiba Inu outlook: Over 7,500 new wallets boost SHIB ecosystem as prices hit 8-month high Top Crypto Influencers Ask Elon Musk Not to Shut Down D.O.G.E. in 2026 Polymarket Bettors Skeptical Over Potential Microsoft (MSFT) Bitcoin Purchase Here's Why Shiba Inu Price Could Double Soon Ethereum Transaction Revenue Has Surged Since Trump Election Victory: Steno Research How Long Will XRP Price Rally Continue? Justin Sun Calls TRX the Next XRP—Can TRON Match XRP’s Growth? These Altcoins Take Center Stage With Massive Gains as BTC Stalls at $95K (Market Watch) IOTA surges over 45% as voting on Rebased upgrade goes live eToro Introduces Automatic Staking for NEAR, POL, and Four Other Assets Tron (TRX) Hits New All-Time High, Surpassing 2018 Milestone of $0.22 Is France’s New Tax on “Unproductive Wealth” a Threat to Bitcoin’s Price? Arthur Hayes Revealed Cryptocurrency Projects That Investors Should Stay Away From, Gave an Altcoin as an Example! 2,020,624,700 SHIB in Just One Hour – What’s Going On? Wintermute Receives 5,819.2 $STNK ($1.2M) as Market Making Begins Trust Wallet Token (TWT) Eyes Breakout With $1.82 and $2.73 Targets Ahead Centralized or Unique? Ripple CTO Defends XRP Design Amid Criticism Why Old Coins Are Waking Up: Key Drivers Behind the Revival of Legacy Tokens Santiment: FOMO unlikely to hinder further market growth Altcoins Surge 600%: Is This the Calm Before the Next Explosion? MetaMask Executive Discusses the Future of Self-Custody Wallets Amid Regulatory Challenges Crypto, Stocks and ‘Everything Bubble’ Still Has Room To Run, According to Analyst Jason Pizzino Shiba Inu Welcomes 7,548 New Wallets as SHIB Price Spikes by 72% Coinbase expands Dogwifhat trading to New York $534 wiped in crypto liquidations despite market consolidation Chiliz Partners with FanC to Expand Blockchain Ecosystem Latest analysis of the crypto Cronos (CRO) Altcoins XRP and VET Pump Parabolically Signaling the Start of Altseason, How Much More Gains Ahead? Fed Rate Cut in December: Could It Drive Bitcoin Toward $100K? Ethena USDe Stablecoin Surges 72%—Tether’s Market Lead at Risk Alameda Moves $16M in WLD Tokens: Worldcoin and POL Breakouts Ahead Cardano’s 300% Rally Tests Sustainability Amid Rising Sales by Smaller Holders OpenLedger and Io.net Explore AI Growth Potential as Helium Gains Harvard Business Recognition and Peaq Reports Major Ecosystem Developments Why is IOTA Price UP? Bitcoin Exchange Binance Announces Listing of Many Altcoin Trading Pairs This Time! XRP Reaches Extreme Risk Level Analyst Says He Likes Shiba Inu a Lot From Here, Predicts a Surge to $0.00006937 Strategic Bitcoin (BTC) Reserve in the United States is Imminent; Dennis Porter Says Expert Explains Why XRP Could Dump to $0.60 and Lose All Its Gains Solana Social Metrics Highlight Waning Interest as SOL Fails to Sustain 40% Surge What’s New in DePin? OpenLedger and io.net AI Research, Harvard Teaches Helium, Peaq Ecosystem Report Stellar Lumens price prediction: what next for the XLM token? ? Chainlink (LINK) Explodes 37% to 2-Year High on EU Tokenized Securities Partnership Hayes’ Cure for Crypto: Return to ICOs, Ditch CEXs Recursive Capital Closes Funding Round to Support Bitcoin Companies in Africa MATIC Price (Polygon) Sets Stage for Rally, $0.80 In Sight XRP price surges 15% in 24H as network growth drives rally, but will it last? Solana’s Rally Gains Momentum – Is $800 the Next Milestone? XRP Predicted to Drop Back Below $0.6 by Major Analyst Sandwich attacks manipulated 35.5% of BNB Smart Chain blocks in November XRPL Account Reserve Reduced to 1 XRP as Operating on XRPL Now 10x Cheaper Bitcoin Exchange Binance Announces It Has Delisted Many Altcoin Trading Pairs from Margin Trading! $VIRTUAL Whale Buys 1.54M Tokens for $2.12M After 12% Price Drop Dogecoin Profit Zone: $10-$30 Could Be the Sweet Spot This Cycle XRP Price Hits 6-Year High: Is a $10 Target Within Reach? Fantom (FTM) Price Jumps 8% As Sonic Labs Unveils Genesis Block Ethereum Price Poised for Recovery: Will It Reignite The Uptrend? XRP Price Defies The Odds – Can It Smash Through $3? Can XRP flip Bitcoin this cycle? A data-driven analysis 16 Cambodian Crypto Exchanges Banned From Website Access Will Solana drop to $210 amid rising liquidations? Assessing… ? US government selling Bitcoin is a ‘huge strategic mistake,’ say observers South Korea retail crypto trading hits $18B, beating local stock market Cardano’s ADA Gains 12% as Investors Eye ETF Potential and $3 Target Ripple Mints Almost 10M RLUSD Amid Potential New York Approval Buenos Aires Leads Urban Transit with Blockchain Payment Technologies House lawmakers propose studies on AI in financial services, housing Trump expected to name new SEC chair “as soon as tomorrow” Crypto Whales Are Buying These 4 Altcoins: Bullish Breakouts on the Horizon SEC’s top crypto cop Tenreiro to now head agency’s litigation Bitcoin, Not BRICS, Is the True Threat to US Dollar Reserve, Warns Wharton Professor Competitors circle after Jupiter founder posts slur XRP's Meteoric Rise Overshadowed by XLM's Stunning 483% Surge Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services Senior Citizens Drive South Korea’s Crypto Investments Surge Remember: 2 Weeks Ago Bitcoin Hit All-Time Highs All Week Long Crypto exchange volumes hit 3 year high in November, riding Trump’s win Coinbase CEO says he will not work with firms hiring crypto opposers DOGS token to donate $4.5M of unclaimed airdrops to charities $449 Million Crypto Investment in November 2024: usdx.money, 0G Labs, and More MARA Holdings upsizes note offering to $850 million to buy more Bitcoin Ripple CEO Brad Garlinghouse Hints At Main Reason Behind XRP Rally Solana (SOL) Crash Warning as Support Collapses, Eyes on $200 Cardano DeFi TVL nears record $700M, ADA skyrockets 20% $XRP Reaches $2.49 with 3-Week Whale Accumulation US interest rate cut in December rises to 74.5% probability: Fedwatch South Korea’s Bithumb Lists Orderly Network, $ORDER Surge 90% XRP Price Prediction For December 3 Ripple Sounds Alarm on Scams as XRP Rockets to Third-Largest Crypto EOS Market Cap Exceeds $1.70 Billion for the First Time in Two Years Chainlink (LINK) Price Eyes 42% Growth to 3-Year High Top Gainer KAIA Jumps 60%, Sets Sights on $0.50 This Week XRP Meme Coins Like ARMY Are Blowing Up Right Now Bitcoin's path to $100K hinges on short-term holder demand – Bitfinex Ethereum ETF Inflows Surge to $634 Million as Whale Activity and ETFs Boost Sentiment AI Agent Tokens See Surging Demand on Virituals Protocol Amid Pump.Fun Comparison Altcoins Dominate as 77.6% Alts Outperform Bitcoin Has XRP Price Hit Oversold With 113% Weekly Surge? - CryptoNewsZ Is Toncoin Price Set for New High This December? - CryptoNewsZ Ripple CEO Reveals XRP Surge Secret Amid 50M RLUSD Minting Ripple Whale Buys $159M XRP Amid Rally to $3, What's Next? Fortnite-Like Game 'OpenSeason' Is Burning 82% of Its Token Supply—Here’s Why XRP: $3 Isn't Fantasy Right Now, Shiba Inu (SHIB) Performs Mind-Blowing Breakthrough, Bitcoin (BTC) Giving up on $100,000? US Spot Bitcoin, Ethereum ETFs See Record $7.6 Billion Net Inflows For November Bitcoin Buyers Gear Up as More Stablecoins Flood the Exchanges Sonic Labs says its Layer 1 blockchain will 'go public' soon after taking a snapshot for the S token airdrop