{"id":206993,"date":"2023-12-06T03:03:44","date_gmt":"2023-12-05T21:33:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=206993"},"modified":"2023-12-06T03:03:44","modified_gmt":"2023-12-05T21:33:44","slug":"bitcoin-rockets-to-44000-the-defiant-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-rockets-to-44000-the-defiant-crypto-news\/","title":{"rendered":"Bitcoin Rockets To $44,000 &#8211; The Defiant &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Robinhood sees a spike in crypto trading activity as retail investors return.<\/p>\n<div>\n<p>A year after The Economist <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.economist.com\/leaders\/2022\/11\/17\/is-this-the-end-of-crypto\">wrote crypto off<\/a> as dead after FTX collapsed, Bitcoin is trading above $43,000 for the first time since April 2022, with ETH briefly crossing $2,300.<\/p>\n<p>Crypto markets have kicked off December with a bang, with rising hopes of imminent spot ETF approvals and favourable seasonal and macro conditions helping to build on November\u2019s momentum.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/deutschedigitalassets.com\/insights\/news\/bitcoin-seasonality-sell-in-may-and-go-away\/\" class=\"no-underline\"><\/p>\n<figure><figcaption class=\"text-center text-xs\">Historical Monthly Performance of Bitcoin<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>With Bitcoin up nearly 25% over the past month, retail investors are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/robinhood-crypto-trading-surge-november-ceo-vlad-tenev\">showing renewed interest<\/a> in crypto, according to a filing from brokerage firm Robinhood &#8211; trading volumes were 75% higher compared to October.<\/p>\n<p>However, caution remains warranted as perpetual <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/FundingRate\">funding rates<\/a> remain elevated, particularly on dYdX, indicating traders continue to pile on the leverage as prices rise.<\/p>\n<p>Altcoins continue to lag the world&#8217;s largest cryptocurrency, with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTC.D\/\">Bitcoin dominance<\/a> hitting a new high for the year at 55%.<\/p>\n<h2>Top Gainers<\/h2>\n<p>BRC-20 tokens have been on a tear over the past week as Bitcoin rallied, making <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/ordi-is-the-first-brc-20-token-to-top-usd1-billion-market-cap\">ORDI<\/a> the best-performing asset in the top 100 with a 35% surge today.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ordi\" class=\"no-underline\"><\/p>\n<figure><img decoding=\"async\" alt=\"ORDI Price chart\" loading=\"lazy\" width=\"768\" height=\"400.32\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F2ac60548484cf8cdd1a96f0730271c8ee381581b-800x417.jpg&amp;w=828&amp;q=75\" \/><figcaption class=\"text-center text-xs\">ORDI Price<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>Curiously, tokens linked to the infamous <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/ust-terra-stablecoin-analysis\">Terra<\/a> ecosystem have posted substantial gains \u2013 LUNA is up 50%, while LUNC has doubled in the past week.<\/p>\n<p>The modular blockchain narrative is heating up, with Celestia\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/modular-blockchain-celestia-mainnet-beta-goes-live\">recently airdropped TIA<\/a> token surging 50% to nearly $10. The average airdrop is now worth almost $3,000.<\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p>Other top performers include <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/pepe-drops-20-after-team-sends-16t-tokens-to-exchanges\">PEPE<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/iota-surges-after-announcing-middle-eastern-and-rwa-pivot\">IOTA<\/a>, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-is-stacks\">STACKS<\/a>, which are up 50% or more on the week.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood sees a spike in crypto trading activity as retail investors return. A year after The Economist wrote crypto off as dead after FTX collapsed, Bitcoin is trading above $43,000 for the first time since April 2022, with ETH briefly crossing $2,300. Crypto markets have kicked off December with a bang, with rising hopes of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":206994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-206993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/206993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=206993"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/206993\/revisions"}],"predecessor-version":[{"id":206999,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/206993\/revisions\/206999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/206994"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=206993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=206993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=206993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}