ETH breaks through the $3000 mark

[Julien Bittel: Bitcoin May Rise to $170,000 Within Three Months] Bitcoin retreated after hitting a high of $126,080 on October 6, stabilizing around $84,000 on November 22, with the RSI once dropping below 30. Julien Bittel, Head of Macro Research at Global Macro Investor, analyzed that similar situations have occurred five times since 2023, all followed by bullish trends. If history repeats itself, Bitcoin could rise to $170,000 in less than three months. Bitwise Chief Investment Officer Matt Hougan stated that 2026 is expected to be a record-breaking year for inflows into crypto ETFs.

An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem. What to know : The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation. Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem. The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.

[Spot Silver Breaks $67/oz to Set a New Record] The price of spot silver has broken $67/oz, setting a new historical record, with an intraday increase of 2.6%. COMEX silver futures rose over 3%, quoted at $67.24/oz.

[Wintermute Strategist: Bitcoin May Fluctuate Between $86,000 and $92,000] Wintermute trading strategist Jasper De Maere stated that Bitcoin might fluctuate within the $86,000 to $92,000 range. It is currently inadvisable to overinterpret technical indicators. Driven by year-end portfolio adjustments and tax-related factors, more profit-taking is expected in the next two weeks. Bitcoin's sideways movement is likely to persist until new catalysts emerge, such as the large-scale options expiration in late December. While it is too early to assert that the market has bottomed out, signs of a bottom have started to appear, and the market is oversold in the short term.

[AXA Analyst: Weak U.S. Labor Market May Prompt Further Fed Rate Cuts] Chris Iggo, an analyst at AXA Investment Managers, pointed out that despite inflation remaining above target levels, the U.S. labor market is showing signs of weakness, which could likely prompt the Federal Reserve to implement further rate cuts. The delayed release of October and November U.S. non-farm payroll data confirms that job growth has stalled this year. Iggo stated that investors need to closely monitor U.S. labor market data for more signs of weakness.