Technical Analysis

Three companies have positioned themselves as leading candidates for S&P 500 inclusion as the index prepares its quarterly rebalance announcement Friday after market close. Ares Management Corporation oversees $596 billion in assets across credit, real estate, and private equity. Vertiv Holdings recorded 60% organic order growth in Q3 driven by data center demand, while AppLovin has surged 92% year-to-date despite facing regulatory scrutiny.

Bitcoin traded around $93,000 following the release of September import and export price indexes by the U.S. Bureau of Labor Statistics at 8:30 AM ET. Import and export prices both showed no change for the month, with nonfuel imports up 0.8% year-over-year while fuel imports declined 4.0%. Markets are currently pricing in 88% odds of a Federal Reserve rate cut at the December 9-10 meeting, with subdued inflation pressures potentially supporting dovish policy expectations.

XRP's funding rate jumped nearly 120% on December 3, signaling increased leveraged long positioning among traders. Exchange-traded funds linked to the token have attracted an estimated $845 million in cumulative inflows. BlackRock executives drew parallels between tokenization's current development stage and the internet in 1996, noting the sector's $23 billion valuation.

Large-value transaction activity on the Dogecoin network has dropped sharply, falling to just 4 transactions of $1 million or more in a single day, according to data from analytics platform Santiment. This marks the lowest level of whale participation recorded in two months. The decline contrasts with October 11, when the network processed 212 whale transactions in a single day.

Ethereum rose above $3,000 on December 3 following the activation of its Fusaka mainnet upgrade. The fork introduces PeerDAS technology and doubles block gas capacity, laying groundwork for expanded blob throughput. ETH trades near $3,070 after breaking through a descending trendline that had limited gains since late October.

Bitcoin climbed nearly 7% in a single trading session, pushing its market capitalization above $1.86 trillion. The rally followed the Federal Reserve's decision to end its quantitative tightening program, which had removed approximately $2.4 trillion from the financial system since mid-2022. Major institutions including Vanguard and Bank of America have introduced crypto-friendly policies, with Vanguard announcing on December 2 it will permit trading of crypto-focused ETFs across Bitcoin, Ethereum, XRP, and Solana.

BlackRock's iShares Bitcoin Trust ETF generated $3.7 billion in trading volume, exceeding Vanguard's S&P 500 ETF at $3.28 billion. Bitcoin price increased approximately 7% within 24 hours, reaching $93,040. Mining stocks declined despite the broader market recovery, with hash price falling to roughly $39 per PH/s.

Bitcoin climbed back above $93,000 during Wednesday morning trading in Asia, less than 48 hours after dropping to $84,000. The cryptocurrency has recouped all losses from the recent decline and reached a key resistance level. Market sentiment has turned positive following the rebound.

Bitcoin dropped nearly 10% early this week, retesting the $84,000 level before recovering. Analyst Rekt Capital warns BTC remains in a vulnerable position below key moving averages. The upcoming weeks will prove crucial for determining its trajectory as early bear market indicators emerge.

XRP has climbed above its 9-day and 20-day exponential moving averages following a consolidation period, signaling renewed buying interest. The token now confronts a resistance cluster between $2.19 and $2.24, where order-book data reveals sell walls exceeding $413,000 USDT at $2.20. Support remains anchored near $2.14, with bid walls totaling nearly $1 million USDT providing downside protection.