The crypto bull market is intensifying as the new week begins, with top altcoins like XRP and Cardano (ADA) showing impressive price gains. Remarkably, both assets have successfully recaptured the long-lost $0.60 level. XRP and Cardano Price Movement XRP hit an intraday peak of $0.6160 on Sunday, which is approximately 25% up from the $0.50 level it traded last week. Notably, XRP was last seen around the $0.61 mark six weeks ago. Meanwhile, Cardano has rallied even stronger than XRP. Today, ADA touched $0.6523 for the first time in seven months. Notably, ADA’s comeback saw it surge by 51% from a low of $0.4327 to $0.6523 in one day. Meanwhile, XRP’s intraday gain was 12%, rising from $0.5188 to $0.6160. This price surge in both altcoins follows Bitcoin’s recent all-time high above $80,000, fueling the market’s growing intensity. Until now, XRP and ADA had been laggards, showing minimal movement in the bull market, leading some critics to label both assets as “dead.” However, the tide is now turning as both coins reclaim multi-week highs. Now, market analysts believe there’s still more upside potential for these assets, despite the recent explosive gains, with some issuing bold price targets.
The Royal Government of Bhutan has sent 367 bitcoins, worth $33.51 million, to Binance, the leading crypto exchange by trading volume. In a Thursday transaction, the fourth-largest Bitcoin-holding government sent 367 BTC, valued at $33.51 million, to a Binance Deposit address. Data from Lookonchain shows that the possible sale happened by 12:06 (UTC) today. Bhutan sold the portion of its billion-dollar Bitcoin stash at an average cost of $91,242 per coin, incurring a transaction cost of 0.00130176 BTC ($118.76). Meanwhile, the nation still holds 12,573 BTC after the Thursday transaction, worth $1.15 billion.
BlackRock’s Bitcoin ETF has seen a record-breaking single-day turnover of $5 billion amid Bitcoin’s ongoing spectacular price rallies. Bitcoin reached a new all-time high on November 13, hitting $93,477 during late trading. This milestone was accompanied by unprecedented activity in the Bitcoin exchange-traded funds (ETFs) market. In a post on X, Bloomberg analyst Eric Balchunas revealed that the iShares Bitcoin Trust (IBIT), managed by BlackRock, recorded a $5 billion daily trading volume on Wednesday, surpassing its previous record. Balchunas noted that only three other ETFs and eight individual stocks saw higher volumes on that day. Over a three-day period, IBIT amassed $13 billion in trading activity, signaling a substantial rise in investor interest. Other Bitcoin ETFs, such as Fidelity’s FBTC, also saw notable increases in trading volumes, though on a smaller scale. Meanwhile, the broader Bitcoin ecosystem has also experienced a surge, with weekly trading volumes hitting $110 billion — an all-time record — with two days still remaining in the trading week. #Bitcoin #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewsUSA
Galaxy Digital founder and CEO Mike Novogratz has asserted that Bitcoin would hit $800,000 in five to ten years, citing gold’s correlation. In an interview with Bloomberg, Novogratz became the latest to argue that Bitcoin would hit gold’s market cap. He noted that Bitcoin would trade at $800,000 in the next five to ten years, matching gold’s current $16 trillion valuation. Novogratz cited a shift in market interest among the emerging generation. He stated that the next generation of investors are more attracted to Bitcoin, which they perceive as a digital store of value, over gold.
With a market cap of $919 million, the MOG coin has increased by 37% in the last 24 hours. It is currently trading at $0.000002341 and is at a crucial crossroads. With a massive bullish engulfing candle, the MOG coin prepares for a breakout rally above $0.000002355. With an intraday pullback of 3.33% from the opening price of $0.000002409, the massive overhead supply delays the breakout rally.
Market watchers argue that while XRP may continue to frustrate holders in the short term, it could be gathering momentum for a dramatic rally that will push it past its all-time high. Currently, XRP is trading 81% below its all-time high, while Bitcoin is in a price discovery phase, regularly claiming new peaks. Notably, Bitcoin has gained 112% year-to-date (YTD), while XRP’s growth over the same period is significantly slower, with just an 11% gain. Meanwhile, prominent altcoins like Solana and BNB have closely mirrored Bitcoin’s performance this year, each registering over 100% YTD gains. Data shows that among the top 100 cryptocurrencies by market cap, 71 of them are outperforming XRP in terms of yearly price performance. With such disappointing results, many have written XRP off, arguing it has no bull market potential. However, core XRP proponents continue to assert that the asset still holds significant promise.
Famous Bitcoin evangelist and MicroStrategy Chairman Michael Saylor has arraigned his readiness for Bitcoin’s push to $100,000, teasing a party to celebrate the milestone. Bitcoin pushed to a new all-time high above $93,000 on Wednesday, continuing its ploy to attain a six-figure valuation. The largest cryptocurrency by market cap surged an impressive 8% yesterday, taking its 7-day gain to 20%. The November 13 upswing brings brokerage firm Bernstein’s assertion that Bitcoin would trade at $90,000 if Donald Trump won his reelection bid to fruition. Notably, the premier asset has surged over 31% since the pro-crypto President won the November 5 poll. Meanwhile, with Bitcoin just 9.7% away from $100,000, enthusiasts are bracing for the asset’s attainment of the six-figure valuation. Bitcoin advocate and MicroStrategy chairman Michael Saylor is among those on the outlook for the price mark.
With a massive surge in the crypto market, meme coins are driving the bull run. The meme coin market cap has reached $116.94 billion with a trading volume of $74.12 billion. The meme coin craze has officially begun as top meme coins are emerging as the top performers in the crypto market. Among the top performers is PEPE, which has jumped nearly 100% in 24 hours.
An early Pepe holder has flipped his $26 investment in the token to a staggering $60.3 million but is unable to cash out on gains. Pepe quickly gained traction among the crypto community following its launch in April 2023. Its unique narrative, which mimics Pepe the Frog, and memes garnered interest and spurred an impressive price uptick. While most early investors have cashed out their gains, an early PEPE whale is currently on a mind-blowing 232,068,400% return but remains keen on holding the asset. The holder turned his initial $26 to $60.3 million but has not sold to realize his gains yet.
"PEPE Surges Closer to Shiba Inu in Latest Rally, Eyes Memecoin Milestone!"
The remarkable surge from PEPE following its listing on Coinbase and Robinhood brings it closer to reaching the market cap of Shiba Inu.
Read more on: https://thecryptobasic.com/2024/11/14/pepe-closes-gap-with-shiba-inu-amid-latest-rally-will-pepe-become-second-largest-memecoin/ #PEPE #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
"Dogecoin Is the Next Bitcoin: Brandt Claims DOGE Mirrors BTC’s 2016 Rally!"
Market veteran Peter Brandt believes Dogecoin is currently trailing the path Bitcoin followed from 2015 to 2016, suggesting further upside for DOGE. Read more on: https://thecryptobasic.com/2024/11/14/brandt-says-dogecoin-is-following-btcs-2016-trajectory-predicts-more-upside-for-doge/ #Dogecoin #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewsUSA
Leading crypto exchange Robinhood has Relisted XRP, Cardano, and Solana and added PEPE as regulatory tension seems to subside following Donald Trump’s win. In a Wednesday X post, the California-headquartered crypto exchange notified the crypto community that it has readded support for XRP, Cardano, and Solana and is adding its maiden support for the meme coin Pepecoin. Notably, the support includes for US customers who have been unable to access the assets through the platform. The latest addition takes the total number of cryptocurrencies accessible to Robinhood’s US clients to 19, already allowing the trading of notable assets like Bitcoin, Dogecoin, and Shiba Inu.
Bitcoin has broken the $90,000 level today amid U.S. inflation data, with analysts citing the potential for $100K as the next target. The latest U.S. Consumer Price Index (CPI) report reveals a spike in inflation, adding volatility to Bitcoin’s price trajectory. This critical data release has had market participants on edge, as it was expected to disrupt the cryptocurrency’s recent two-day stability.
Swiss-based nonprofit Cardano Foundation publishes its inaugural Financial Insight report, detailing its investments and assets in 2023. Cardano Foundation made history today by publishing its first Financial Insight report, marking a major step in its commitment to integrity and transparency. This follows the company’s Activity Report published earlier this year.
As bullish exhaustion leads to a minor pullback in Bitcoin, the streak of new all-time highs takes a pause. Currently, the BTC price is trading below the $88,000 mark with a market cap of $1.75 trillion.