The ForkLog podcast “Should Have Bought” once again discussed the most important events in the cryptocurrency market. Today the focus is on bitcoin correction, strong growth of Ethereum, the trial around Tornado Cash and a new theory about Satoshi Nakamoto.

Bitcoin correction: what’s next?

After bitcoin approached the record $100,000 mark, the cryptocurrency market is experiencing a correction. On the evening of November 24, the price of BTC fell below $96,000, and the next day it corrected to the level of $91,000. Experts believe that this process is a precursor to further decline, as the “paper” profit in the cryptocurrency market has reached 57%, and some indicators are already hinting at a possible prolonged drawdown.

However, amid the strong correction, bitcoin started to recover and return to the six-figure mark, attracting the attention of major players.

Ethereum: glimpses of the alt season

Ethereum showed strong growth in late November, when its price exceeded $3680 and the altcoin’s capitalization increased significantly. Soon, capital began to flow from bitcoin to Ethereum, as evidenced by the 14.1% weekly growth in TVL (volume of blocked funds) on the Ethereum network. There was also an increase in the daily volume of transferred value on the Ethereum network, which reached a record of $7.13 billion.

QCP Capital experts note that amid Ethereum’s strength, we may see a continuation of the altcoin season in the coming months.

Tornado Cash: sanctions found to be illegal

A court case in the United States ended with a victory against the sanctions imposed on Tornado Cash. The court ruled that blocking the smart contracts of this service was illegal, as software cannot be owned and therefore not subject to sanctions. This decision led to a sharp rise in the TORN token by 870%, although the price then stabilized again.

Satoshi: a new theory about the “megakite”

A BTCparser researcher has proposed a new hypothesis that Satoshi Nakamoto has been withdrawing bitcoins all along from the wallets created after he left the public space. According to the theory, to ensure privacy, Satoshi is using new addresses to withdraw coins, leaving the old wallets untouched. Since 2019, 24,000 BTC have been withdrawn, with the last cash-out occurring in November 2024.

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