Market Snapshot: Your Midweek Momentum Report

December 6, 2023
What Is A Bitcoin Extractor And How Do Cybercrime Units Use It

Key Takeaways:

  • Top Performers:
    • BAT: Increased by 7.52%
    • APE: Gained 7.00%
    • SUSHI: Recorded a rise of 6.94%
  • Assets Showing Declines:
    • CRV: Experienced a 4.49% decrease
    • 1INCH: Saw a decline of 3.38%
    • RNDR: Declined by 3.37%
  • Market Momentum:
    • BTC holds above $37,000 USD.
    • BTC traded between $36,800 USD and $38,400 USD.
    • BTC grew around 9.2% in one month, while ETH surged by 12.97%.
    • November proves bullish, signaling optimism for the remainder of 2023.
  • Bitcoin Trends:
    • 74% of BTC addresses hold less than 0.01 BTC.
    • Increasing trend of investors buying and holding BTC.
  • Regulatory Shifts:
    • Binance discontinues BUSD support by December 15th.
    • Paxos stops BUSD minting due to NYDFS scrutiny.
    • Canadian CEXs restricted from trading USDT, leading USDC to dominate.
    • Expectations for further developments in stablecoin regulations.


Your Midweek Momentum Report

Amidst an exhilarating week in the crypto market, several altcoins have surged ahead, marking notable gains. NEAR, ENJ, and AVAX have captured attention for their impressive performances, showcasing substantial increases in value.

NEAR ↑ 28.50%
ENJ ↑ 24.91%
AVAX ↑ 24.35%

This week, the majority of the assets on the Netcoins platform witnessed a price increase. The following are some other notable gainers over 15%.

DOGE ↑ 19.68%
SHIB ↑ 18.73%
ADA ↑ 16.92
DOT ↑ 16.89%

All three top cryptocurrencies by market cap experienced significant gains this week. BTC increased by 15.65%, ETH jumped up by 9.83%, while XRP also surged by 4.39% over the past 7 days.

How have these fluctuations impacted your portfolio in this dynamic crypto landscape?


OTC Desk Insights

The momentum continues this month in crypto markets. BTC has once again hit a new 19-month high of approximately $44,300 USD, up roughly 16.50% in the past week, reflecting a heightened urgency among traders to invest in anticipation of a further price rally. Recent data indicates that investors injected over $1.44 billion into Bitcoin investment products within the past ten weeks, underscoring growing market interest.

At the Next Block Expo conference in Berlin, as Bitcoin soared past $42,000 for the first time in over a year, discussions emphasized the pending approval of spot Bitcoin ETFs in the US as a major catalyst for BTC’s recent surge into the mid $40,000 range.

Analysts speculate that Bitcoin might surpass the $48,000 mark in the coming weeks. Julius de Kempenaer, senior technical analyst at, highlighted that BTC’s upward trend positions it toward a first target around $48,000, backed by notable support near $38,000. This bullish momentum began with BTC surpassing the $30,000 resistance in late October.

Stay informed about potential market shifts as BTC’s bullish trajectory continues.

Happy Trading,

Andrew Bulman
Head of Sales & OTC Trading
[email protected]

Netcoins User Testimonials


Clint U
Clint U
Netcoins goes the extra mile to make sure their customers are as safe as possible against scams and bad actors. I work in the crypto space, and couldn't recommend them enough for a custodial exchange and as a fiat on and offboarding option.
Natalie Tavangari
Natalie Tavangari
Amazing service! Easy to use system for people like myself that is not that great with technology! All the staff at Netcoins are always so helpful they have a contact number so any issue I had they answer the phone quick also quick to respond to emails. This is probably the safest network to use as they go over and beyond to make sure there system is kept safe! Thank you Netcoins!
Martin Mobile
Martin Mobile
With all the stress of the holidays while in a rush I transfered over 600$ US to Netcoins from another platform. Its usually a very simple transaction witch Ive done several times. This time I send it to the wrong wallet ,it seemed as if I lost my transfer into the Blockchain. Thanks to Justin customer service representative at Netcoins I was able to get back the full amount with in 24 hours . Netcoins, thank you for the great service and saving my money .
Harim Nam
Harim Nam
Very responsive customer service. App itself still can use lot of work but covers basics. After security verification, best exchange for fiat-crypto on/off ramp so far imo.
Yvonne St-Louis
Yvonne St-Louis
A trustworthy experience! What made my experience great is the following. When I did the interac transfer to send money to my Netcoins wallet I forget to put my Netcoins account number is the note. Then it dawned on me to write Netcoins and ask how long the transfer takes. The support team quickly handled my request within minutes after having sent in an email to their zen desk for support. What made it absolutely trustworthy is my email for etransfers is different than the email for my account with Netcoins. The security measure that were taken to make sure it was I, holder of these two emails, was remarkable. This issue was quickly resolved with back and forth emails until the funds they deposited my funds to my Netcoins wallet. A trustworthy experience that I appreciate. It showed me how Netcoins really takes good care of their clients. Yvonne
Newman Obossou
Newman Obossou
Thank you very much for creating Netcoins as it is very simple and essential in my life now. I plan to be a customer of yours for as long as possible as long as everything works as it did when I used it and the transactions and uses are smooth. A big thank you for your work, satisfied customer.
Saeed Eghbal
Saeed Eghbal
Very good customer support and super fast. I hate running in to any issues but when I do, with Netcoins it's a pleasure dealing with their support team. They make it so easy and did I say super friendly too? Thank you Netcoins.
Ian Davenport
Ian Davenport
Although I very rarely leave reviews good/bad this one I felt needed too! I have found previously applying to sites frustrating especially when you get into verification processes etc. so several times today I called to verify because "big surprise" I was uncertain of a certain task that needed to be completed and I didn't want to make a mistake and hold my verification up . Customer service was probably the best I have ever encountered , knowledgeable, prompt, friendly and just overall really helpful ; no bouncing you from dept. to another dept. no endless prompts" for this problem press 1" all the way thru to "for this problem press 9" , no "were experiencing higher than usual calls your expected wait time is 90 minutes". I'm new to crypto; but knowing that the help I received today is less than 5 minutes away if needed , made this experience awesome .

Written by: John Pawlak

Cryptocurrency expert, content marketing at Netcoins.

John has been mining cryptocurrency as a hobby since 2015, from securing thousands of dogecoin, to minting NFT’s, John has been in the thick of cryptocurrency for many years.



The information provided in the blog posts on this platform is for educational purposes only. It is not intended to be financial advice or a recommendation to buy, sell, or hold any cryptocurrency. Always do your own research and consult with a professional financial advisor before making any investment decisions.

Cryptocurrency investments carry a high degree of risk, including the risk of total loss. The blog posts on this platform are not investment advice and do not guarantee any returns. Any action you take based on the information on our platform is strictly at your own risk.

The content of our blog posts reflects the authors’ opinions based on their personal experiences and research. However, the rapidly changing and volatile nature of the cryptocurrency market means that the information and opinions presented may quickly become outdated or irrelevant. Always verify the current state of the market before making any decisions.


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