Crypto Currency

ETH breaks $3,900 as Bitcoin spikes past $103k

ETH is showing early signs of an upward rally with the surge to above $3,900 Bitcoin’s surge past $100k could lead to a major breakout for altcoins, and analysts see Ethereum leading the surge Ethereum (ETH) rose to above $3,900 as Bitcoin finally broke the psychological $100k level to reach its highest-ever price of $103,679


Bitcoin Bulls Touch 44k
  • ETH is showing early signs of an upward rally with the surge to above $3,900
  • Bitcoin’s surge past $100k could lead to a major breakout for altcoins, and analysts see Ethereum leading the surge

Ethereum (ETH) rose to above $3,900 as Bitcoin finally broke the psychological $100k level to reach its highest-ever price of $103,679 on December 5.

Bitcoin soars past $103k

The price of Ethereum was up more than 5% at the time of writing after spiking to intraday highs of $3,923 across major exchanges. Ethereum’s uptick comes as Bitcoin breaks key levels amid predictions of further gains.

Ki Young Ju, CEO of CryptoQuant, says BTC is far from done with the current surge.

“Fresh capital is fueling Bitcoin. As the realized cap grew, the ceiling price increased from $129K to $146K in 30 days. At $102K, it’s far from a bubble—it would need a 43% surge to hit the threshold often considered a bubble,” he posted on X.

With the breakout for BTC likely to push the flagship digital asset to new highs, analysts are also bullish on ETH. An eventual altcoin breakout could send ETH and other coins to landmark levels.

ETH price predictions

Analysts have shared various predictions for the top altcoin by market cap in recent days. Other than the $4,000 level and the all-time high reached during the previous bull market, analysts have their eyes on $5k to $10k if an altcoin season does happen.

Crypto analyst Miles Deutscher says ETH will lead utility coins up. He also sees Bitcoin’s rally as great news for alts.

“The higher #Bitcoin goes, the bigger the altcoin run will be,” the analyst noted.

Entrepreneur and crypto analyst Michael van de Poppe opined:

“Bitcoin broke through $98K and the $100K barrier was lifted in just a blink of an eye. Altcoins suffering slightly, but imagine the upside altcoins are going to have when Bitcoin continues to consolidate.”

Raoul Pal, founder and CEO of Real Vision, says ETH may have “its nose pressed against the ceiling.” However, should it break higher, the rally could be “spectacular”

ETH currently changes hands near $3,920, up 5.3% in the past 24 hours and nearly 60% up in the past month.

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Crypto Currency

Turkey Proposes Expanded Powers for Financial Watchdog to Freeze Accounts, Blacklist Crypto Wallets

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Japan mulls rule change to let banks hold Bitcoin, crypto for investment

Key Takeaways Japan is considering regulatory changes to allow banks to invest in and hold Bitcoin and other crypto assets. The Financial Services Agency aims to ensure bank stability and investor safety by developing new risk management frameworks for crypto investments. Share this article Japan’s Financial Services Agency (FSA), which oversees and regulates the country’s

Key Takeaways

  • Japan is considering regulatory changes to allow banks to invest in and hold Bitcoin and other crypto assets.
  • The Financial Services Agency aims to ensure bank stability and investor safety by developing new risk management frameworks for crypto investments.

Share this article

Japan’s Financial Services Agency (FSA), which oversees and regulates the country’s financial sector, is considering reforms that would allow banks to acquire and hold digital assets such as Bitcoin for investment purposes, according to a new report from Livedoor.

Talks on possible regulatory revisions are expected to start shortly within the Financial System Council, an advisory body to the Prime Minister, the report states.

The FSA intends to introduce regulations that consider how crypto investments could affect banks’ financial stability. The working group will also discuss risk management systems for digital asset handling to mitigate volatility risks.

Under the current FSA guidelines, which were updated in 2020, banks are not allowed to hold crypto for investment due to concerns over price volatility and potential losses affecting banks’ financial health.

The proposed framework would roll back that restriction with added safeguards, allowing banks to buy and sell digital assets alongside traditional instruments like equities and bonds under strict financial soundness rules.

The regulator is also considering allowing banking groups to register as crypto asset exchange service providers, a status required for offering crypto trading services. The agency believes t

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