After reaching $51,500, the pair began to retract, resulting in a drop to $49,644. Bitcoin was back above $50,000 at the time of publication.
The increase coincided with a surge in inflows to major exchange Binance, with order book data indicating a fresh barrier of resistance at $50,000.

The behaviour indicates that a large-volume investor is influencing market bias, and Binance has already been the target of such suspicion in recent days.

Material Scientist, a data analysis account, commented on Binance's fast-shifting order book arrangement, "This looks like a new player."

According to statistics from on-chain monitoring resource Coinglass, exchange balances have crept up 60,000 BTC since Dec. 22, rising from 1.69 million to 1.75 million BTC.

In two weeks, the meme tokens economy rose by 14 percent, with DOGE and SHIB commanding 83%

On December 5, the meme token economy dropped more than 12% and hovered just above the $47 billion mark just 21 days ago. The meme-based crypto economy is now valued at $54.1 billion, up 14.61 percent from the previous day. Eight of the top ten meme-based crypto assets have had seven-day advances today. Dogecoin (DOGE), the most popular meme-based cryptocurrency, increased by 9.6% last week, while Shiba inu (SHIB) increased by 21%.

Elon Musk pumps Dogecoin price by 20%

Spell token (31.5%), dogelon mars (51.7%), baby dogecoin (41.1%), cate coin (22%), and dogebonk are among the top 10 meme-based assets that recorded gains last week (27.5%). Shiba fantom (193.5 percent), luni (189 %), fantom doge (67.2 %), and Kawakami were the greatest meme coin gainers this week (57.5 percent ). Smug Dog (-54.4 percent), shibavax (-42.1 percent), and toshiba are among the greatest losers in the realm of meme-based coins (-36.4 percent ).

Luni, Shiba Fantom, and Cake Monster are among today's 24-hour meme coin gainers. Dogecoin and Shiba inu account for most of the meme-coin aggregate value of all tokens, which was $54.1 billion on Sunday, December 26. Dogecoin has a market valuation of $25 billion, while Shiba Inu has $20 billion.

On Sunday morning, that's about 83.17 percent of the entire meme-coin economy's value (EST). Today, the total domination of the meme coin economy is around 2.17 percent of the $2.49 trillion worth of all crypto coins in existence.

Bitcoin mining Entry into Thailand triggered a 6,700% increase in Thai technology stocks

Even the firm's chairman was shocked by a world-beating share jump by a Thai technology business after it announced an expansion into Bitcoin mining.

Although the cryptocurrency project has yet to yield substantial income for Jasmine Technology Solution Pcl, the stock has more than tripled since the proposal was unveiled in late July. According to figures provided by Bloomberg, the stock has increased about 7,000 percent year to far, the biggest among global IT businesses with a market value of at least $2 billion.

In an interview, Chairman Soraj Asavaprapha noted, "The strong response from investors has exceeded our expectations." "Even though we're just getting started, there's a lot of hope about our new approach."

Many Thai companies are venturing into digital assets, like Jasmine Technology. AJ Advance Technology Pcl, a consumer-appliance manufacturer, revealed its first investment in Bitcoin mining earlier this month. Siam Commercial Bank Pcl and Kasikornbank Pcl are two more banks that have invested in bitcoin businesses.

Trading volumes on locally-licensed exchanges have reached new highs, prompting regulators to seek stricter regulations.

Since its activities began a few months ago, Jasmine Technology has only created eight Bitcoins from its 325 mining devices. Soraj expects a lot more activity next year, thanks to plans to invest over 3.3 billion baht ($98 million) in as many as 7,000 new devices. By late 2022, revenue from the mining business will account for almost 80% of the company's overall revenue.

Do you think any other meme-based token can overtake Dogecoin and Shiba Inu?