Now, Bitcoin started in October and Q4 flying high at a historic record level above $125,000.<\/p>\n
After that, the most popular cryptocurrency on Wall Street began a precipitous slide to below $85,000 by the last week in November.<\/p>\n
That marked a 32% correction from the\u00a0record-high. And the situation for many altcoins, including Ethereum, wasn\u2019t much different.<\/span><\/p>\n Both blue-chip cryptos crashed hard in Q4.<\/p>\n Ethereum\u2019s price traced Bitcoin\u2019s overall movements. The smart contract currency and second leading crypto by market cap started in October around the $4,500 handle.<\/p>\n That was also a record-high level, seen only once before in Ethereum\u2019s history, back in 2021. After that, Ether prices crashed to the $2,750 level with nine days left in November.<\/p>\n For the second most popular crypto on the Internet and on Wall Street, the steep correction was a brutal 39% loss on Nov. 21 for Oct. 6 ETH buyers.<\/p>\n But it\u2019s not all doom and gloom for Bitcoin and Ethereum.<\/p>\n Both cryptos began to recover the last week in November and continued to perform relatively better as the month rolled over to December.<\/p>\n By Dec. 8, the leading cryptocurrency had bounced back to $92,000, and the runner-up had moved back to $3,150.<\/p>\n Several Bitcoin maximalists and crypto permabulls took a victory lap, taunting followers to cop to who sold and who bought BTC over the last week of November.<\/p>\n However, the outlook for BTC and ETH is somewhat bleak after the massive corrections over a 50-day window.<\/p>\n But the question now is whether the market has already shaken out all the paper hands or if there will be more wobbling in these cryptos\u2019 near future.<\/p>\n Even the ever-bullish Michael Saylor and his digital asset holding company, Strategy, Inc., are winding down purchases. Saylor, who famously buys Bitcoin at peak prices and brags about it,\u00a0has backed<\/a> down on purchases significantly.<\/span><\/p>\n In past cycles, 60% and 90% corrections have occurred in both of these block bank altcoins. So it\u2019s not impossible that they could occur again in 2026.<\/p>\n As far as December goes, it\u2019s usually a good month for crypto. In fact, Bitcoin historically has more pronounced Santa Claus rallies<\/a> than U.S. tech stocks.<\/p>\n Meanwhile, the long-term picture for ETH and BTC from a corporate treasury standpoint is bullish. In December, Ethereum private and public treasuries totaled<\/a> 5.7 million ETH worth around $17.9 billion.<\/p>\n But Bitcoin private and public treasuries totaled<\/a> 4 million BTC worth around $616 billion.<\/p>\n Technical signals for BTC and ETH were somewhat positive on Dec. 8, with prices moving up the chart against the 10, 20, 30, and 50-day moving averages.<\/p>\n Meanwhile, daily trading volume consistently surges despite every big drop in both altcoins\u2019 prices. So, the market is full of crypto investors with long-term conviction and dry powder to buy the dips.<\/p>\n It seems that the psychologically powerful $100,000 price anchor for BTC has enormous gravity, as the pullback from $85,000 was swift and forceful.<\/p>\n Ethereum\u2019s $3,000 marker is also doing the same job. Two tests at $2,750 in November sparked a surge in daily trading volume, with bullish dip buyers.<\/p>\n Which of these two cryptos\u2019 technicals are stronger in the first week of December?\u00a0 Neither\u2014 their hourly price charts and hourly volume signals are so tightly correlated, it\u2019s eerie.<\/p>\n Lacking a clear technical edge in either crypto over the other, trader analysts may look to their respective strategic roadmaps for clues about their TradingView candles in December.<\/p>\n Ethereum\u2019s Fusaka upgrade went live<\/a> on Dec. 3.<\/p>\n The planned hard fork of Ethereum onto newly upgraded blockchain rails helps it move faster to lock in state changes to its computer record.<\/p>\n Markets rewarded both Ethereum and Bitcoin prices in the days leading up to Fusaka, then sold and took profits in the 24 hours following the successful update.<\/p>\n This is an example of the increasingly common \u201cbuy the rumor, sell the news\u201d pattern in crypto markets.<\/p>\n Meanwhile, Bitcoin has a big milestone update of its own in Q4\u2014 Bitcoin Core got its first-ever third-party security audit.<\/p>\n A Paris, France-based cybersecurity firm, Quarkslab, found no critical weaknesses in Bitcoin\u2019s implementation in an audit sponsored by Brink Bitcoin Development.<\/p>\n Bitcoin purists will say the Fusaka upgrade lowers Ethereum\u2019s profitability and security. Etherites will say that it makes Ethereum more competitive against Solana for new app development.<\/p>\n Only December will tell which markets have the edge over these differences.<\/p>\n The post Bitcoin vs. Ethereum: Which Crypto Makes The Nice List This December? (Op-ed)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Now, Bitcoin started in October and Q4 flying high at a historic record level above $125,000. After that, the most popular cryptocurrency on Wall Street began a precipitous slide to below $85,000 by the last week in November. That marked a 32% correction from the\u00a0record-high. And the situation for many altcoins, including Ethereum, wasn\u2019t much […]<\/p>\n","protected":false},"author":0,"featured_media":118791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-118790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118790"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=118790"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/118790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/118791"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=118790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=118790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=118790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum and Bitcoin Crashed in November<\/h2>\n
BTC vs. ETH Treasuries, Technical Signals<\/h2>\n
Strong BTC and ETH Dip Buying In Q4 Crash<\/h2>\n
Bitcoin Core Audit vs. Ethereum Fusaka Upgrade<\/h2>\n