  The latest moves in crypto markets, in context Edited by Omkar Godbole December 16, 2021 Sponsored by  Bitcoin (BTC) See the latest price here Ether (ETH) See the latest price here If you were forwarded this newsletter and would like to receive it, sign up here.
Good morning, and welcome to First Mover. Here's what's happening this morning:
And check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Emily Parker and Lawrence Lewitinn at 9:00 a.m. U.S. Eastern time. Today's show will feature guests:
– Omkar
Market Moves by Omkar Godbole Coins associated with smart contract platforms Solana and Avalanche and privacy-focused horizon token led gains among larger tokens early Thursday.  Purpose Bitcoin ETF Holdings (Source: Glassnode) "Despite bitcoin's recent 39% correction, the number of addresses with a non-zero balance continues to break all-time highs," said Marcus Sotiriou, an analyst at the U.K. based digital asset broker GlobalBlock. "Also, since the $69,000 all-time-high, the Canadian Bitcoin Purpose ETF has added 6,341 BTC in assets under management, representing a 26.2% increase in coin holdings."
"This suggests institutional interest is prevalent at these prices and that whales are buying up Bitcoin supply during this correction," Sotiriou added.
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Biggest Movers
These are the biggest movers in the CoinDesk 20 over the past 24 hours:
Top Gainers:
- Solana (SOL): +13.6%, Sector: Smart Contract Platform
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Polygon (MATIC): +11.7%, Sector: Smart Contract Platform
- Chainlink (LINK): +10.9%, Sector: Oracle
Top Losers:
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There are no losers in CoinDesk 20 today.
Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive, and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges.
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Technician's Take
by Omkar Godbole
Bitcoin's Bullish Inside Day
Bitcoin's daily chart with MACD histogram (Source: TradingView)
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Bitcoin's daily chart MACD histogram, an indicator used to gauge trend strength and trend changes, is teasing a bullish reversal.
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The 200-day moving average line is the level to defend for the bulls.
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ICYMI
In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:
"First Mover" hosts speak to CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De for the key takeaways from the Senate Banking Committee hearing on stablecoins yesterday. Matt Leising, co-founder of DeCential and author of "Out Of The Ether," shares his views on DAO's evolution and outlook and what the mainstream media gets wrong about crypto. Plus, crypto markets insights and updates on the state of crypto in El Salvador from Sovryn Founder Edan Yago.
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Latest Headlines
- Indian Crypto Exchange WazirX's Trading Volume Jumps to Over $43B in 2021
Crypto adoption is booming in semi-urban and rural areas of India despite lingering regulatory deadlock.
- 8 Trends That Will Shape Bitcoin Mining in 2022
CoinDesk's first ever year-end survey of crypto miners reveals a competitive but mature business with potential for merger activity to accelerate.
- Derivatives Trade Association ISDA to Develop Common Standards for Crypto Assets
ISDA is aiming to characterize the different features of crypto assets and their relevance to contractual standards.
- Payment Services Giants See Crypto as Opportunity, Not Threat: MoffettNathanson
Visa, Mastercard and PayPal are expanding their crypto capabilities and continuing to invest across the fledgling industry.
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S. Korean Lambda265 Nabs $60M Series B at $300M Valuation
The Dunamu company offers BaaS to corporations.
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Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.
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