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MARKETS DAILY: China Picking Winners While Traders Wonder
This time we're talking winners and losers in China's increasingly top-down crypto industry, the implications behind former CFTC chairman Giancarlo's just-announced move to white-shoe law firm Willkie Farr & Gallagher, and more.
Автор Adam B. Levine, Bradley Keoun
Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad Keoun run down recent action in the markets, interesting longer-term trends and some of the most important crypto industry developments of the day.
Having trouble with the embedded player? You can download the MP3 here.
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On today’s episode:
- Crypto and traditional markets update
- China's increasingly top-down crypto Industry
- Former CFTC chair Giancarlo joins Willkie Farr and Gallagher
- Stolen UpBit Ether Moving On the Blockchain
⚠ 10,000 #ETH (1,468,690 USD) of stolen funds transferred from Upbit Hack Nov 2019 to unknown wallet
— Whale Alert (@whale_alert) December 3, 2019
Tx: https://t.co/ajrvYLxFud
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XRP stayed trapped inside the same consolidation structure after another rejection near $1.36, with traders watching whether months of compression finally resolve into a larger move.
Що варто знати:
- XRP remains locked in a tightening trading range between roughly $1.30 and $1.38, with repeated failures near $1.36 reinforcing that zone as major resistance.
- Despite weak short-term momentum and a failed breakout attempt near $1.36, support around $1.30 continues to hold as larger holders show few signs of aggressive selling.
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