The New York Digital Investment Group LLC (NYDIG) has received approving from the The states Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment directorate, their clients and other eligible investors.

The fund aims to invest in cash-settled BTC futures traded on exchanges that are registered with the U.Southward. Commodity Futures Trading Committee. Though the increasing number of offerings by diverse companies targeting the institutional investor is a positive sign, the larger players take been slow to invest in the space due to regulatory concerns and loftier volatility.

Crypto market data weekly view

Crypto market information weekly view. Source: Coin360

While the institutions accept been cautious, Prc has been racing ahead in developing blockchain engineering for "real-globe, practical employ cases that are far beyond the experimental stage," according to a report by Forkast Insights, the inquiry arm of Asia-based Forkast. This is a positive sign for the crypto space for the long-term.

A report by crypto commutation SFOX shows that Bitcoin searches ordinarily tiptop before the holidays. The business firm said that Bitcoin's price rallied for three consecutive days before Thanksgiving on Nov. 28.

Will the price move higher before Christmas? Nosotros will have to await and see. Meanwhile, allow's analyze the charts of the top-v performers to see whether they show whatsoever bullish patterns.

XTZ/USD

Tezos (XTZ) was the top performer of the by seven days by a huge margin. The traders cheered the news that Binance would support goose egg-fee staking for Tezos from December. iv. The rewards would be calculated daily and distributed monthly. Tin the altcoin extend its momentum in the coming week? Let's analyze its chart.

XTZ/USD weekly chart

XTZ/USD weekly chart. Source: Tradingview

The XTZ/USD pair has been taking support shut to the 20-calendar week EMA for the by iii weeks. The xx-week EMA has started to turn upwards and the RSI has jumped into the positive territory, which shows that bulls have the advantage. There is a small-scale resistance at $one.414152, above which a rally to $ane.85 is likely.

A breakout of $1.85 will be a huge positive that will betoken the start of a new uptrend. Above this level, a rally to $ii.87 so onwards to $3.37 is probable.

Contrary to our assumption, if the price turns down from the current levels or from the overhead resistance at $1.85, a few days of range-bound activity is likely. The pair will weaken on a suspension below the critical support at $0.829651.

ATOM/USD

This is the second week in running that Cosmos (ATOM) has been among the top-performing major cryptocurrencies, which shows that it is backed by momentum. Can the altcoin build on its strength in the coming week or is it time to book profits? Permit's analyze the chart.

ATOM/USD weekly chart

ATOM/USD weekly chart. Source: Tradingview

The bulls are attempting to propel the ATOM/USD pair above the overhead resistance at $iv.4389. If successful, the pair volition start a new upward move that can reach $seven. Therefore, the traders can initiate long positions on a close (UTC time) above $iv.4389, as suggested in our earlier analysis.

Reverse to our assumption, if the bears defend the overhead resistance at $4.4389, the price might dip to the commencement back up at $3. If this level holds, range-bound action between $iii and $4.4389 might ensue. All the same, if $iii breaks down, a driblet to $1.9101 is likely.

We expect the bulls to aggressively defend $ane.9101. A bounce from this support will go along the price within the large range between $iv.4389 and $1.9101.

XRP/USD

Ripple released a total of 1 billion XRP tokens from its escrow wallet on Dec. two but returned it back within seven minutes. Some believe that Ripple dumping XRP has led to a subtract in the token price. However, the company claims that selling is needed to grow its ecosystem and to fund its operations.

In the ongoing court case to determine whether XRP is a security or not, Ripple has filed a motion to dismiss the class-activity accommodate arguing that even if XRP were a security, the statute of tranquility had passed earlier the lawsuit was brought to court.

Following the footsteps of MorningStar Japan, Japanese fiscal services giant SBI Holdings plans to pay shareholder dividends in the form of XRP tokens. Do the fundamental developments offer promise of a turnaround in prices? Let'due south clarify its chart.

XRP/USD weekly chart

XRP/USD weekly chart. Source: Tradingview

The failure of the bears to capitalize on the break below the critical support at $0.22 indicates ownership at lower levels. The bounce from the yearly low at $0.20041 has risen back above $0.22, which is a positive sign. If the bulls can propel the XRP/USD pair back above $0.24508, it volition indicate that the markets take rejected the lower levels. Nosotros would turn positive if the cost sustains above $0.24508.

However, if the bulls fail to push the price above $0.24508, the bears will once more attempt to sink the price dorsum below $0.20041. If successful, a drop to $0.xviii is possible.

XMR/USD

The Monero (XMR) network successfully upgraded to RandomX on Nov. 30. The new upgrade uses random code execution together with retentiveness-focused techniques and aims to exist ASIC-resistant. Can the difficult fork heave the toll? Allow's study its chart.

XMR/USDT weekly chart

XMR/USDT weekly chart. Source: Tradingview

The XMR/USD pair has reached shut to the resistance line of the ascending channel. A breakout of the channel will be a positive sign but it is likely to face stiff resistance at the moving averages.

If the cost turns down from the moving averages, a drop to $38.83 to $45.4494 support zone is likely. If this support zone holds, the pair might consolidate for a few weeks before making its side by side directional motility.

Conversely, if the bulls succeed in propelling the cost above the moving averages, a rally to $98 and above it to $121.4270 is likely. Therefore, nosotros retain the buy recommendation given in an earlier analysis.

BNB/USD

In its endeavour to expand support to diverse fiat currencies for crypto trading, Binance listed four ruble trading pairs on December. 2.

On Dec. three, the substitution announced the acquisition of decentralized app (DApp) data startup DappReview for an undisclosed amount.

"This acquisition marks a significant step into the dapps ecosystem, and we will have more exciting developments in the near future," said Binance CFO Wei Zhou.

Will these steps help in boosting the cost of Binance Money (BNB)? Permit'due south see what the technicals are showing.

BNB/USDT weekly chart

BNB/USDT weekly nautical chart. Source: Tradingview

The bulls accept successfully dedicated the support at $14.2555 for the past 3 weeks. However, the rebound off the support has been weak, which shows a lack of ambitious buying at the current levels. The moving averages are on the verge of a bearish crossover, which is a negative sign.

If the bulls fail to propel the toll above $16.fifty within the next few days, the bears volition attempt to sink the price back below $14.2555. A breakdown of the support will exist a huge negative and tin drag the price to $11.30.

Conversely, if the BNB/USD pair rises above the immediate overhead resistance at $xvi.50, a rally to $21.2378 is possible.

The views and opinions expressed here are solely those of the writer and do not necessarily reflect the views of Cointelegraph. Every investment and trading motion involves risk, yous should bear your ain research when making a decision.

The market data is provided by the HitBTC exchange.