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🚨 The US Core Personal Consumption Expenditure Price Index (Yearly) has been announced.
Announced: 2.7%
Expectation: 2.7%
Previous: 2.6%
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Bitcoin can't get enough of records: The bull run has gained momentum. Bitcoin ($BTC ) is running from record to record with Donald Trump's victory in the US elections and the Fed's interest rate cut. The BTC price has reached another milestone by exceeding $ 77,000 for the first time in its history. The leading cryptocurrency touched $ 77,200 on November 8. This rise also paved the way for Ether (ETH), the pioneer of altcoins. $ETH managed to exceed $ 3,000 during the day. According to Coinglass data, altcoins made double-digit gains as the BTC price reached record levels. Funding rates on crypto exchanges are in neutral territory compared to March. Analysts say that the funding rate indicates that the increases may continue. Sean Farrel, head of digital asset strategy at Fundstrat, said, "There is no sign that the upward cycle in funding rates will end." “Bitcoin has not yet started its parabolic rise” The outlook in the crypto market shows that there is no obstacle to the rise for Bitcoin (BTC). Analysts who evaluate the positive trend in global markets predict that BTC can easily exceed $ 100,000. BlockTower founder and CIO Ari Paul emphasized that the bull market will continue in a post he made on X. Paul used the following statements; You may be interested: Binance listed the altcoin everyone was waiting for! “We are in the seventh stage of the bull market or we have started one-third of the rally.” Paul claimed that market participants are preparing for a 6 to 12-month rally. The crypto expert pointed out that institutional investors, rather than individual investors, are driving the market. As is known, the positive trend continues in spot Bitcoin ETFs. BlackRock continues to break records in ETFs. According to Paul, money inflows into futures and individual investor interest will increase in the coming days. Emphasizing that the bull is just beginning, Paul stated that there will be more buying and selling in the final stages of the bullish cycle. #CryptoDeNostradame #ParrotBambooCrypto
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Altcoin bull voices: These altcoins are flying! The bullish cycle continues at full speed in the crypto market. With Bitcoin rising above $77,000, the way for altcoins has been cleared. The pioneer of altcoins, #Ethereum ($ETH ), has exceeded $3,000 with an increase of nearly 5 percent in the last 24 hours. Drift Protocol (DRIFT), built on the Solana blockchain and offering trading opportunities in many different areas, was the highest-rising altcoin of the day. DRIFT, listed on Binance's futures, has made a striking rally in recent days. The popular altcoin has risen by 115 percent in the last 24 hours. #Pepecoin (PEPECOIN), inspired by Matt Furie's legendary Pepe the Frog cartoon, was at the top of the day. PEPECOIN, which gained fame as the first Pepe-themed memecoin and grew its community day by day, increased by 63 percent in the last 24 hours. PEPECOIN recorded a trading volume of $ 24 million in the last 24 hours and reached a market value of $ 646 million. Hamster Kombat ($HMSTR ), which is located in the Toncoin ecosystem and launched with a play-to-win model on Telegram, has seen remarkable growth in recent days. HMSTR took advantage of the positive outlook of the market and was among the highest-rising altcoins of the day. HMSTR increased by 40 percent in the last 24 hours. Reaching a market value of $ 232 million, HMSTR recorded a trading volume of $ 178 million in the last 24 hours. Kamino (KMNO), a decentralized finance (DeFi) project on the Solana blockchain, increased by 33 percent in the last 24 hours and was at the top of the day. KMNO, which has realized a trading volume of $73 million in the last 24 hours, has reached a market value of over $233 million. Raydium ($RAY ), a decentralized exchange on the Solana blockchain, has accompanied the rise of DeFi projects in the Ethereum ecosystem. RAY has increased by nearly 15 percent in the last 24 hours.
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Ethereum ecosystem revives: Will ETH reach $6,000? Ethereum (ETH), which took action on the last trading day of the week, entered the weekend above $3,000 with a potential breakout. Altcoin craze has begun in the crypto market. Many altcoins approached potential resistance points with increases of 20 percent to 30 percent. ETH, which has been below expectations for a long time, paved the way for altcoins. The pioneer of altcoins has increased by nearly 5 percent in the last 24 hours and exceeded $3,000. According to an analysis compiled by Cointelegraph, ETH is repeating price movements in past cycles. This situation could lead ETH to a potential rally. The analysis predicted that ETH will increase by over 100 percent by the first quarter of 2025. According to the Ethereum (ETH) analysis, the ETH price could reach a level between $6,000 and $6,500 by the end of the year. In these days when institutions are accumulating Bitcoin through spot ETFs, spot Ethereum ETFs traded in the US could not meet expectations. Nevertheless, spot ETH ETFs hosted a positive net flow of $ 132 million between November 6 and November 7. ETH, which also returned to positive flow in ETFs, has become the center of attention in the crypto market. Crypto analysts claimed that ETH will realize the price movement expected for months. MN Consultancy founder Michael van de Poppe predicted that ETH will continue to rise in a chart analysis he published on X. Sharing his analysis with the title “A big candle on the ETH chart”, Poppe noted the following; “There has been more than $ 230 million inflow into Ethereum since the elections and ETH is on the rise again. I think Ethereum is performing better than Bitcoin.” Venture capitalist Henrique Centieiro claimed that Ethereum has now entered “scarcity mode”. According to Centieiro’s prediction, there will be a demand explosion in the supply of ETH and a supply shortage on exchanges. This situation will push $ETH to rally. #CryptoDeNostradame #ParrotBambooCrypto
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Bitcoin's (BTC) unstoppable rise: Target $100,000! #Bitcoin ($BTC ), which has been rising breathlessly since exceeding $70,000, broke a record by reaching $79,780. Drawing attention with its unstoppable rise, Bitcoin tested $79,780 in the morning hours and renewed its peak. Donald Trump's victory in the US presidential elections was like a doping for BTC. The leader of cryptocurrencies, which continues its rise almost without any correction, has reached $80,000. Most crypto analysts see $100,000 as Bitcoin's main target. Even if the Bitcoin dominance has not yet made a sharp decline, the increases in altcoins have excited its investors. Bitcoin, which has been pricing upwards since exceeding $70,000, has ignited the crypto rally. The US presidential elections and FED interest rate decisions played a critical role in the BTC rise. In addition to these, net inflows from spot ETFs have been a driving force for Bitcoin. BTC, which generally spent the past November months on the rise, did not surprise this time either. Crypto investors, on the other hand, are focused on altcoins during this process. The pullback of Bitcoin dominance to 48 percent will trigger a new altcoin rally. Ethereum ($ETH ) broke its chains #Ethereum , which has been silent about Bitcoin's rise for a while, finally exploded. The pioneer of altcoins, which stepped on the gas after exceeding $ 2,500, showed an increase towards $ 3,200. The critical resistance level for ETH will be $ 3,500. A volume break of this level will increase the inflow of money into altcoins and bring an increase in the ETH/BTC parity. The eagerly awaited altcoin rally may begin with ETH's peak renewal.
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🧙♂️ As the #Bitcoin price approaches $80,000, the 24-hour trading volume of cryptocurrencies has increased by 9% to reach $139 billion. $BTC $ETH $BNB #CryptoDeNostradame #ParrotBambooCrypto
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