On the evening of December 2nd, the cryptocurrency market exhibited mixed trends. Data from the OKX exchange revealed that over the past 24 hours, Bitcoin experienced a slight increase of 0.2%, reaching $86,910.
BNB rose by over 1% to $835, while Ethereum and XRP both declined by more than 1%, settling at $2,800 and $2, respectively. Solana saw a minor dip of 0.2%, trading at $127.
Bitcoin Forecasted for Sharp Decline
According to Cointelegraph, U.S. stocks are expected to continue their upward trajectory due to predictions that the Federal Reserve will cut interest rates in December and into the following year.
However, Bitcoin is bucking this trend. Bloomberg analyst Mike McGlone warns that Bitcoin’s price could plummet to around $50,000, as the market’s current complacency and low volatility may signal an impending correction.
Bitcoin is currently trading around $86,900. Source: OKX
The Greatest Value of the On-Chain Alliance
Assoc. Prof. Dr. Nguyễn Hữu Huân, a member of the Secretariat for the Advisory Board of the Steering Committee for the Development of the International Financial Center in Ho Chi Minh City (IFC TPHCM), stated that the establishment of the On-Chain Economic Alliance marks a pivotal moment for IFC TPHCM.
The most significant value of the On-Chain Alliance for IFC-HCM lies in its creation of a space for experimentation, innovation, and application—a process that typically takes many years in more advanced markets.
Within this framework, models such as digital bonds, on-chain investment funds, tokenized real estate, carbon credits, and cross-border payment systems can be rigorously tested and monitored.
Once these products demonstrate technological and market effectiveness, they can be scaled up nationally. This approach allows Vietnam to remain engaged in global financial developments while safeguarding its traditional financial system.
According to Assoc. Prof. Dr. Nguyễn Hữu Huân, when technology companies, research institutions, universities, and international corporations collaborate within a shared on-chain ecosystem, a new generation of experts in digital finance, blockchain, and market operations will emerge.
This workforce will not only support IFC-HCM but also serve as a strategic resource for Vietnam’s entire digital economy.
In the long term, the On-Chain Alliance paves the way for Ho Chi Minh City to develop a comprehensive on-chain economy, where assets, transactions, data, and markets operate on a transparent, high-speed, and cross-border integrated platform.
This vision is not far-fetched, as it is already being realized in initiatives like Singapore’s Project Guardian, Dubai’s VARA, and the UK’s FCA Sandbox.
“An international financial center should not only facilitate capital transactions but also generate knowledge, create technology, and establish new operational standards for the future on-chain economy,” emphasized Assoc. Prof. Dr. Nguyễn Hữu Huân.
Today’s Crypto Market, December 1st: Investors Fear Bitcoin Could Drop to $40,000
Many traders are sounding the alarm, cautioning that if Bitcoin fails to reclaim the $88,000–$89,000 range soon, its price could plummet back to November’s lows, potentially even dropping as far as $50,000.
Today’s Crypto Market, November 30: Unexpected Bitcoin Twist Alert
Industry experts predict that if historical patterns repeat, Bitcoin may experience a significant recovery as early as Q1 2026.
Digital Currencies Face Severe Volatility After Months of Unprecedented Growth
The cryptocurrency market experienced a significant upheaval as Bitcoin, the most renowned digital currency, plummeted from its record high of $126,000 to below $80,500 on November 28th.
Today’s Crypto Market, November 28: A Tough Decision Awaits Bitcoin
Bitcoin’s upward trajectory is anticipated to solidify once it breaches the $94,000–$95,000 resistance level, according to leading market analysts.
Today’s Crypto Market, November 26: Rare and Unexpected Developments Unfold
Some analysts predict Bitcoin could drop to near-term lows, falling below $84,500.
