Bitcoin reclaims $95,000 with six-figure price calls gaining traction and is currently priced at $95,854 with +4.24% increase from the last 24 hours, while Ethereum is at $3,653, up by +9.89% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.4% long versus 49.5% short positions. The Fear and Greed Index, which measures market sentiment, was at 75 yesterday and is at the Greed level at 77 today. The cryptocurrency market shows strength and momentum. Ethereum gains with Bitcoin as the ETH/BTC ratio rises signaling renewed altcoin sentiment. Tether expands its reach with a liquidity pool projected to hit $5 billion by 2026. Solana eyes $300 with growing confidence and strong onchain activity. These movements highlight crypto’s growing potential and evolving landscape.

1. Social media giant Line plans to launch 30 blockchain-based mini DApps early next year.

2. Pump.fun 's protocol revenue surpassed Ethereum in the past 24 hours.

3. Tether CEO: Tether's commodity liquidity pool may reach $5 billion by 2026.

4. Bitcoin Demands $95K Reclaim as Six-Figure BTC Price Calls Return.  
   

 Crypto Fear & Greed Index | Source: Alternative.me 

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Bitcoin is back in bullish momentum and is showing renewed strength as it climbs toward $95,000. The cryptocurrency gained nearly 4% on Nov. 27 after buyers stepped in to counter a slide to weekly lows. Data from Cointelegraph Markets Pro and TradingView revealed Bitcoin’s price action attempting to reclaim critical support at $95,000, fueled by encouraging U.S. macroeconomic data and evolving market dynamics.  

The week’s key data included U.S. jobless claims and the Personal Consumption Expenditures (PCE) Index, the Federal Reserve’s preferred inflation measure. With inflation figures aligning with expectations, the CME Group’s FedWatch Tool showed a 66% probability of a 0.25% interest rate cut in the next Federal Reserve meeting. Despite this optimism, analysts like The Kobeissi Letter highlighted that inflationary pressures remain. Bitcoin responded positively, regaining some of its lost ground as order book liquidity on exchanges like KuCoin showed strong demand, with buy orders laddered down to $85,000.  

Fed target rate probabilities. Source: CME FedWatch

On the technical front, indicators like the Moving Average Convergence Divergence (MACD) reignited optimism for a $100,000 Bitcoin price target. Popular trader Bitcoin Munger projected that a bullish MACD crossover on the four-hour chart would confirm the next major rally. Meanwhile, CoinGlass pointed to a significant sell wall at $100,000, suggesting a deliberate effort to cap Bitcoin’s price in the short term. Traders remain divided over the timeline for reaching six-figure prices, but market sentiment remains bullish, buoyed by a 23% premium in SOL futures and strengthening macroeconomic tailwinds.  

BTC/USDT 15-minute chart with order book liquidity. Source: Skew/X

Read more: Bitcoin ETFs Drive $3.1B Weekly Inflows, Pantera Forecasts $740K BTC by 2028, and Rumors of a Solana ETF: Nov 27

Source: TradingView

The ETH/BTC ratio, a key indicator of Ethereum's performance relative to Bitcoin, gained momentum this week. After lagging behind Bitcoin throughout much of the year, Ethereum is finally surging. However, the ETH/BTC ratio remains 30% lower than its earlier levels compared to Bitcoin, reflecting the broader market dynamics and investor sentiment toward altcoins.

The ETH/BTC ratio is more than a simple comparison between two cryptocurrencies. It serves as a barometer for market sentiment toward altcoins. A rising ratio suggests growing confidence in Ethereum and, by extension, the broader altcoin market. Conversely, a declining ratio indicates Bitcoin’s dominance and reduced risk appetite for alternative assets.

This week’s uptick in the ETH/BTC ratio signals a renewed interest in Ethereum. Investors appear to be shifting some focus back to ETH after Bitcoin’s prolonged dominance. Ethereum’s resurgence comes at a time when altcoin activity is picking up across the board, suggesting the market is beginning to rotate into other assets after Bitcoin's strong rally.

ETH/BTC Trading Chart | Source: KuCoin

Throughout the year, Ethereum has underperformed compared to Bitcoin. Bitcoin’s price surged over 150% year-to-date, driven by institutional inflows and excitement around spot Bitcoin ETFs. Ethereum, while climbing steadily, failed to match Bitcoin’s pace. This disparity is reflected in the ETH/BTC ratio, which saw a significant 30% decline over the past year.

Several factors contributed to Ethereum’s slower performance. High gas fees, competition from other layer-1 blockchains like Solana and Avalanche, and the lack of a clear catalyst like Bitcoin’s ETF approval dampened investor enthusiasm. Despite this, Ethereum has maintained its position as the leading platform for decentralized applications (DApps) and DeFi projects, with its total value locked (TVL) exceeding $80 billion.

The recent change in the ETH/BTC ratio suggests a shift in sentiment toward altcoins. When Ethereum performs well against Bitcoin, it often signals increased risk appetite among investors and a willingness to explore other assets beyond Bitcoin. This could pave the way for stronger performance across the broader altcoin market.

Altcoin leaders like Solana, Cardano, and Polkadot have already shown signs of renewed interest, with double-digit gains in recent weeks. If Ethereum continues to gain ground, it could act as a catalyst for further altcoin growth.

Despite this week’s improvement, Ethereum still has ground to cover to reclaim its historical strength relative to Bitcoin. For the ETH/BTC ratio to recover fully, Ethereum will need sustained positive momentum, likely driven by network upgrades, growing adoption, or significant developments in the altcoin ecosystem.

As of now, Ethereum’s fundamentals remain strong, with growing developer activity, increasing use cases in DeFi and NFTs, and solid institutional interest. If these trends continue, Ethereum could close the gap and solidify its position as the leading altcoin, while reigniting the broader altcoin market.

The ETH/BTC ratio’s recent rise signals Ethereum’s resurgence after a lagging year. While it still trails Bitcoin by 30%, the improving ratio reflects growing confidence in Ethereum and the altcoin market. As Ethereum builds on its strong fundamentals and investors regain interest in altcoins, the crypto market could be entering a new phase of diversification and growth.

Source: KuCoin 1 Year USDT Chart

Tether is expanding beyond stablecoins with its investment arm targeting the $10 trillion trade finance industry. CEO Paolo Ardoino revealed that Tether’s liquidity pool for financing raw material transactions could grow to $3 billion or even $5 billion by 2026. This expansion aligns with Tether’s mission to bridge blockchain and traditional finance, creating new pathways for global economic activity.  

In October, Tether financed a $45 million oil trade involving 670,000 barrels of Middle Eastern crude. This marked a significant step in integrating blockchain technology into commodities trading. Tether Investments plans to provide liquidity to commodities brokers while earning interest, tapping into the sector’s insatiable demand for funding. Ardoino emphasized that Tether’s unique value lies in the transparency and speed that USDT offers in cross-border transactions, especially in emerging markets where commodities drive economic activity.  

Tether’s growth in the trade finance sector is backed by robust profits from its core stablecoin operations. In the first nine months of 2024, Tether reported $7.7 billion in profit, funding its diversification into commodities like oil, natural gas, and gold. Ardoino described the initiative as the beginning of a major new opportunity, with plans to invest over $1 billion in the coming year.  

Read more: USDT vs. USDC: Differences and Similarities to Know in 2024

SOL/USD (blue) vs. altcoin market cap (purple). Source: TradingView /Cointelegraph

Solana’s native token, SOL, has rebounded 8% since dipping to $222 on Nov. 26, fueled by strong onchain activity and growing demand in decentralized finance (DeFi). Although SOL remains 10% below its all-time high of $263.80, the blockchain’s fundamentals suggest significant upside potential.  

Solana’s total value locked (TVL) surged 48% in the past 30 days, reaching $113.7 billion by Nov. 27. Key contributors include the Jito liquid staking solution at $3.4 billion (+44%), the Jupiter decentralized exchange at $2.4 billion (+50%), and Raydium at $2.2 billion (+58%). This growth positions Solana as the second-largest programmable blockchain, trailing only Ethereum in developer activity and user engagement.  

Solana network total value locked (TVL), USD. Source: DefiLlama

The derivatives market reflects growing optimism for SOL’s price recovery. Futures contracts show a 23% annualized premium for long positions, the highest in seven months. However, analysts caution against excessive bullishness, as premiums exceeding 40% could lead to cascading liquidations during price corrections.  

Despite skepticism from some investors, Solana’s niche focus on memecoin launches and high-frequency trading sets it apart from Ethereum. Tokens like BONK, POPCAT, MEW, and SPX6900 have driven transaction volumes, with some gaining over 100% in three months. However, this speculative activity introduces risk, as memecoin popularity may prove unsustainable.  

Read more: Top Solana Memecoins to Watch

Bitcoin and Solana are both demonstrating resilience and potential in the face of shifting market conditions. Bitcoin’s climb toward $95,000 and the renewed six-figure price targets reflect growing confidence in its role as a digital store of value. Meanwhile, Solana’s recovery and strong onchain metrics underscore its position as a leader in DeFi and programmable blockchains. Tether’s expansion into trade finance highlights blockchain’s potential to revolutionize traditional industries. Together, these developments paint a picture of a rapidly evolving cryptocurrency market poised for continued growth and innovation.