The U.S. Government Increases National Debt by Nearly $2 Trillion.
According to data from the U.S. Department of the Treasury, the American government has added nearly $2 trillion to its national debt since the beginning of the year. The Treasury's Debt to the Penny database indicates that the U.S. national debt has increased by $1.92 trillion since January 2, reaching a total of $35.91 trillion.
Rapid Climb in Debt.
In January, the debt surpassed $35 trillion, a threshold first reached in July. Now, it is approaching the $36 trillion mark, with only a $90 billion difference remaining.
IMF Issues Critical Warnings.
The International Monetary Fund (IMF) has stated that the borrowing rates of major economies such as the U.S. and China are unsustainable. The IMF calls for the U.S. to ensure fiscal stability and emphasizes the necessity of serious reforms.
The IMF notes, "After years of loose fiscal policies, it has become essential to balance debt levels and rebuild financial buffers."
Global Debt Outlook.
According to the IMF, global public debt is expected to exceed $100 trillion by the end of 2024. Current projections suggest that by 2030, debt levels worldwide could reach 100% of global GDP. The IMF advises the U.S. and China to develop rapid and reliable debt management plans.
The IMF stated that "delayed debt adjustments could lead to erratic market interventions, while sudden fiscal regulations could disrupt economic activity. Gradual and reliable multi-year plans are crucial in this process."
The rising debt level in the U.S. and the IMF's sustainability warnings indicate an urgent need for action in the country's fiscal policy. Economic stability can be achieved with disciplined financial policies and a solid plan. These developments may also have significant impacts on global economic balance.
A promising assessment for Notcoin (NOT) has emerged from expert Ali Martinez, who suggests the cryptocurrency is on the verge of notable growth. Recently breaking free from a descending wedge pattern, Notcoin may be gearing up for a substantial upward progression.
What Price Increase is Projected for Notcoin?
Martinez anticipates a remarkable 76% surge for Notcoin, projecting a target price of $0.012. Following a period of significant decline, the cryptocurrency is now demonstrating signs of recovery, recently trading at $0.0074-reflecting a 17% rise. "Notcoin has completed the descending wedge formation, and it could rise 76% to reach $0.012!" exclaimed Martinez.
How Will Resistance Levels Affect Notcoin?
Martinez notes that if Notcoin surpasses the previous resistance level at $0.012, it could establish a new support level, potentially leading to a stronger upward momentum. This scenario presents an enticing opportunity for traders focused on short-term gains.
Alongside this price movement, Notcoin has experienced a significant uptick in trading volume, which surged by 163% to hit $340 million within the last 24 hours. Such increases in volume often serve as indicators of potential price rises.
Is the Crypto Community Experiencing Renewed Optimism?
The recent activity surrounding Notcoin has sparked considerable excitement within the cryptocurrency community. Previously, the coin struggled to surpass the crucial $0.0063 level but recently achieved $0.0074. This momentum may signal a shift towards a bullish market, bolstering confidence among traders.
Key takeaways from this analysis include:
Notcoin's projected rise to $0.012 indicates a strong recovery potential. Significant increases in trading volume hint at heightened investor interest.
The completion of the descending wedge pattern suggests favorable conditions for a bullish trend.
Investor confidence seems to be on the rise, with several altcoins also benefiting from this upward momentum.
The Historic Moment Has Arrived: Bitcoin Price Exceeds $80,000 – Here's the Latest Information and Expectations.
Bitcoin (BTC) surpassed $80,000 today, bringing its cumulative weekly gain to 16% and reaching its highest level since February.
The rise comes after Donald Trump won the US presidential election on Thursday, prompting optimism for regulatory clarity in the digital asset space.
According to Velo data, the annualized rolling premium on three-month bitcoin futures on major exchanges like Binance and Deribit jumped as BTC surged, rising above 14% for the first time since June. On CME, the futures premium surpassed 10% on Friday. The increase in premium suggests bullishness among investors, potentially attracting carry traders looking to take advantage of price differences between the markets.
Options markets have also been on the rise, with open interest in an $80,000 BTC call option on Deribit, a bet that would send prices above $80,000, reaching over $1.6 billion. Traders have begun targeting that level even before the election, expecting BTC to break new highs before the end of the year.
Amberdata shows that the $80,000 strike price has the highest negative gamma intensity, increasing the likelihood of sharp price swings if BTC remains above this level. A negative gamma position means a net short position at $80,000 for market makers, which could prompt these liquidity providers to purchase additional BTC if the price rises, thus fueling further bullish volatility in the market.
Altcoins Take Off Led by Ethereum - BitMEX Founder Arthur Hayes Makes Secret Altcoin Purchase.
After the world's largest cryptocurrency, Bitcoin, exceeded $ 80,000 and reached an all-time high price level, there is also great movement on the Ethereum and altcoins side.
At the time of writing, Ethereum is trading at $3,191, up 5% in the last 24 hours. The increase in the last week has reached 29%.
In the last 24 hours, the total cryptocurrency market increased by 1.93%, bringing its market value to $2.65 trillion. $1.5 trillion of this is Bitcoin and $384 billion is Ethereum.
At a time when the Ethereum price was so high, BitMEX founder Arthur Hayes, one of the most controversial names in the cryptocurrency world, also made a new ETH transaction, according to on-chain data. According to the data, a cryptocurrency wallet connected to Hayes purchased $3.31 million worth of Ethereum over-the- counter (OTC) through cryptocurrency market maker Wintermute.
On the other hand, some of the biggest increases occurred in the prices of Cardano and Dogecoin. The reason for Dogecoin's rise was the claim that Elon Musk would take part in the US administration with Trump, and the reason for Cardano's rise was the claim that founder Charles Hoskinson would advise the US administration on cryptocurrency regulation.
Analytics Company Warns Bitcoin Price is in a Very Critical Place! "Key Decision Zone".
Cryptocurrency analytics firm Alphractal reported that Bitcoin has entered a critical juncture, previously described as a "key decision zone,” as it approaches historic levels that signal major shifts in the market trend.
This assessment is based on Alphractal's Long-Term Realized Cap Impulse metric, a tool that measures long-term changes in Bitcoin's realized market value and captures broader supply and demand dynamics that shorter time frames may miss.
The Long-Term Realized Cap Impulse metric identifies key historical moments with dotted lines marking market extremes. Alphractal notes that these lines have reliably shown market bottoms in the past, while upper cap lines often act as local resistances or the basis for trend reversals.
Currently, Bitcoin's position within this decision zone is notable, as this level previously served as resistance during the market slowdown in 2019 and acted as a trigger for a new bull cycle in 2021.
Alphractal emphasized that it is important to monitor this metric closely as it can provide insight into on-chain demand and market sentiment. Large movements in long- held Bitcoin assets can have significant impacts on this indicator, potentially signaling shifts in investor sentiment and supply dynamics.
Dogecoin's price has been showing promising movement, staying between $0.1349 and $0.1738 recently. In the past week, it increased by 15.54%, and over the last month, it jumped by 78.88%. The Relative Strength Index is at 53.65, suggesting there's room for growth before hitting overbought levels. If the price breaks the nearest resistance at $0.1962, it could aim for the next target at $0.2351, marking a significant rise. Strong support levels at $0.1184 and $0.0795 provide a safety net against drops. With these positive indicators, Dogecoin may be gearing up for substantial growth in the coming days.
Shiba Inu Set to Surge as Altcoin Season Approaches.
Shiba Inu (SHIB) has posted steady gains, up 3.05% this week and 8.66% over the past month. Trading between $0.00001544 and $0.00001908, SHIB is near its 10-day simple moving average of $0.00001875 and just above the 100-day SMA of $0.00001788, indicating a potential bullish trend. The RSI stands at 54.07, suggesting the coin is neither overbought nor oversold, leaving room for upward movement. Breaking above the nearest resistance at $0.00002127 could see SHIB targeting the next level at $0.00002491, a potential increase of over 20%. With altcoin season on the horizon, SHIB may be poised for significant growth.
Will the Rise in Bitcoin Continue After the Record? Analyst Said "Record Adjusted for Inflation Has Not Yet Come", Shared His Expectation.
Bitcoin (BTC) surpassed $77,000 for the first time on November 8, amid growing optimism in the cryptocurrency market following Donald Trump's victory in the US presidential election.
Cryptocurrency analyst James Van Straten has shared his views on the current rally, highlighting Bitcoin's recent successes and factors that could support further gains.
Bitcoin's price momentum has been particularly strong, breaking previous records on consecutive days, including $76,400 on Nov. 6, $76,900 on Nov. 7, and most recently $77,200 on Nov. 8. This rapid rise is also in line with the performance of traditional assets like gold and U.S. stocks.
Despite the rally, Bitcoin could still have room to grow, Van Straten said. One key indicator is Google search interest in Bitcoin, which is increasing but remains well below levels seen during previous rallies in November 2021 and March 2024. This suggests that the current market may not yet be in the euphoria that typically heralds a price peak, according to Van Straten.
On the other hand, some investors are cashing out their gains, according to the analyst. Data from Glassnode shows that $3.5 billion in profits were realized on November 6 alone, when Bitcoin's price rose from $68,000 to $76,000, and another $3.2 billion were realized in the following two days. However, Van Straten points out that these figures are relatively modest compared to previous peaks. When Bitcoin surpassed its 2021 record in March 2024, profits had risen to $10 billion, and during the 2021 bull market, profits reached as much as $6 billion. Even during the 2017 rally, when Bitcoin reached $20,000, profits of around $4.6 billion were realized.
Bitcoin has been consolidating between $50,000 and $70,000 for the past seven months, but a move above $77,000 suggests potential for further progress. Van Straten also noted the impact of inflation on Bitcoin's purchasing power.
Pepe (PEPE) has been making waves recently. In the past week, its price jumped by 18.39%. Over the last month, it climbed 13.09%. Looking back six months, the coin's value increased by 26.53%. These numbers show a strong upward trend, reflecting growing interest in the coin.
Currently, PEPE is trading between $0.000007341 and $0.000009580.
The nearest resistance level is at $0.00001096. If the price breaks this point, it could reach the next resistance at $0.00001320. On the other hand, the nearest support level is at $0.00000648. If the price dips below this, it might fall to the second support at $0.000004249.
Dogecoin (DOGE).
Over the past week, Dogecoin (DOGE) has seen a significant price increase of 22.33%. In the past month, the cryptocurrency surged by 85.11%, and over six months, it has risen by 37.67%. Currently trading within a range of $0.13 to $0.17, Dogecoin is showing strong momentum in the crypto market.
Technical indicators reflect this positive trend. The Relative Strength Index (RSI) stands at 55.32, indicating that DOGE is neither overbought nor oversold. The Simple Moving Average (SMA) over 10 days is $0.19, while the 100-day SMA is $0.18. The Moving Average Convergence Divergence (MACD) level is 0.001491, suggesting bullish momentum.
Dogecoin faces its nearest resistance level at $0.19 and a second resistance at $0.23. The nearest support level is at $0.11, with a second support at $0.0795. These levels are key for traders watching potential price movements. A move toward resistance could signal continued growth, while approaching support might indicate consolidation. The recent performance suggests that DOGE is navigating these levels with potential for significant shifts in percentage terms.
Standard Chartered Makes Giant $10 Trillion Claim for Cryptocurrencies.
If Republicans take control of both houses of the US Congress, the global cryptocurrency market value could hit $10 trillion by the end of 2026, according to Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered.
With the Senate and presidency already in Republican hands, control of the House of Representatives remains uncertain, but Kendrick believes a Republican win is likely.
Kendrick believes such an outcome would usher in favorable policies that could lead to a 300% increase in the crypto market from the current $2.7 trillion. He points to sectors such as crypto gaming, tokenization, and decentralized physical infrastructure (DePin) as potential big beneficiaries of a Republican-led government. "We think the positive developments would be enough to push the total digital asset market cap from the current $2.5 trillion to $10 trillion by the end of 2026," Kendrick said.
Kendrick detailed potential policy changes, predicting regulatory changes such as the repeal of SAB 121, stablecoin-friendly regulations, and a more positive SEC stance on digital assets. He mentioned a potential U.S. Bitcoin reserve as a "low probability but high impact" event.
Kendrick also reaffirmed Standard Chartered's ambitious end-2025 price targets of $200,000 for Bitcoin and $10,000 for Ethereum, citing expectations of a pro-crypto regulatory environment. He suggested that as digital assets continue to become more mainstream, utility- specific tokens like Solana could outperform Bitcoin and Ethereum.
Historic Milestone for BlackRock's Bitcoin Spot ETF - Never Seen Before.
BlackRock's iShares Bitcoin Trust (IBIT) has surpassed the net assets of the firm's well-established gold ETF, iShares Gold Trust (IAU).
As of November 7, IBIT's net assets stood at approximately $33.17 billion, while IAU's stood at approximately $32.9 billion. This achievement reflects the rapid rise of BlackRock's Bitcoin ETF, which only began trading in January 2024, compared to IAU's 19-year history since its launch in January 2005.
IBIT's rise in popularity reflects broader institutional adoption of crypto assets. "Absolutely insane," ETF Store President Nate Geraci said on X after IBIT attracted $1.1 billion in new investment on Tuesday, simultaneously setting a single-day inflow record.
The milestone coincides with market conditions that have increased institutional interest in digital assets. "Trump's victory, combined with the Fed's rate cut on Thursday, has encouraged institutions to enter the crypto markets," said Jeff Mei, BTSE COO. "With further rate cuts, pro- crypto regulations, and ongoing stimulus in China, it makes sense for institutions to flock to BlackRock's Bitcoin ETF, and we expect even more in the coming months.”
Noting the ETF's record-breaking status, Geraci added: "Continue to rewrite the ETF history books. And remember, these are still not fully available on most major brokerage platforms or Vanguard."
Changpeng Zhao Warns Investors to Stay Cautious as Bitcoin Hits All-Time High.
Changpeng "CZ" Zhao, the co-founder of Binance, has urged investors to exercise caution as Bitcoin prices reach an all-time high. His remarks came after a significant recovery in the cryptocurrency market, with Bitcoin nearing the $78,000 peak.
Zhao's Impact on Bitcoin and Cryptocurrency.
Although Zhao is no longer the CEO of Binance, he continues to exert influence in the crypto world. With digital assets like Bitcoin and Ethereum experiencing substantial gains, Zhao recommends that investors implement risk management strategies.
Zhao emphasized that market dynamics can shift unpredictably, with both downturns and upswings possible. He stressed the importance of diversifying portfolios to avoid significant losses due to greed.
"As Bitcoin reaches new record levels, apply proper risk management. Many fluctuations are on the horizon. Control your greed."
Historical Context of Binance-FTX Relationship.
Zhao humorously indicated that the agreement between Binance and FTX was never signed, noting that FTX's collapse dates back nearly two years. With FTX's bankruptcy proceedings concluding, a recovery in the market is now evident.
Binance remains a crucial player in the crypto sector, even after Zhao's incarceration. Following his release, Zhao reaffirmed his commitment to blockchain technology, artificial intelligence, and biotechnology.
Speculation persists regarding whether Zhao will sell his stakes in Binance, which could significantly impact his future role in the market.
The activities of Binance and CZ Zhao in the cryptocurrency market are key developments that investors will closely monitor.
Who Is Dan Gallagher, Who Donald Trump Will Allegedly Appoint as the New SEC Chair? What Are His Cryptocurrency Views?
Following Donald Trump's recent victory over Kamala Harris, speculation is growing over who could replace SEC Chairman Gary Gensler, who has faced widespread criticism for his regulatory approach to crypto.
Former SEC member and current Robinhood legal chief Dan Gallagher is emerging as a preferred candidate to lead the agency in a more crypto- friendly direction.
Gensler, who has been vocal about imposing strict regulations on the cryptocurrency sector, has hinted that he will resign with the incoming Republican administration, although his term officially ends in 2026. Trump has previously vowed to fire Gensler "on the first day" of his presidency if elected, and has appealed to many pro-crypto views who have criticized Gensler's "regulation through enforcement" strategy.
Gallagher has long criticized this approach, stating at a September hearing that federal "regulatory uncertainty" was stifling crypto innovation in the U.S. He advocated for specific regulation for digital assets, a vision he shared on a Bloomberg Intelligence podcast in July, saying, "I could do this in a weekend of work."
As SEC chairman, Gallagher will aim to reduce ongoing litigation against crypto firms and said he will "go with a pretty long list of things that need to be undone." The SEC has filed nearly 100 lawsuits against various crypto companies since 2021, including a potential lawsuit against Gallagher's own employer, Robinhood, over its crypto trading operations. Such a transition to SEC chairman could raise questions about conflicts of interest given his position at Robinhood, but there has been no official comment on that.
Gallagher began his career as an SEC summer intern, rising to the position of commissioner in 2011 before moving into the private sector and joining Robinhood in 2020.
$PAWS will be listed on Binance soon Don't Forget This Airdrop 🚀🚀.
PAWS is a Telegram bot project inspired by the previous successes of projects like Notcoin and DOGS. When joining PAWS, users receive an allocation of PAWS tokens based on their participation in prior airdrops such as Notcoin, DOGS, and HMSTR, as well as the longevity of their account.
Supported by the marketing advisor from TON, PAWS promises significant potential akin to Notcoin and DOGS, providing an attractive airdrop opportunity for participants. Just a few days after its launch, the project has achieved impressive milestones.
Altcoin Explosion! These 2 Cryptos Could Turn $1,000 Into $1 Million by 2025.
Toncoin (TON): Exploring Its Technology and Market Potential.
Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized, open-source blockchain. Originally developed by Telegram as "Gram", it was discontinued in 2020 due to legal issues. The TON Foundation and community contributors now lead its development. Toncoin uses a proof- of-stake consensus model, enhancing scalability and reliability. It aims to provide fast, secure payment services with minimal fees and develop a comprehensive ecosystem with decentralized storage, services, DNS, anonymous networking, and efficient payment processing. Price predictions suggest Toncoin could see significant growth by 2025 and 2030. Given its technological potential and projected growth, Toncoin has notable prospects in the current market cycle.
Aptos: A Scalable Layer-One Blockchain Using Move Programming Language.
Aptos (APT) is a new layer-one blockchain developed by Aptos Labs, founded by former contributors to Meta's Diem project. It aims to solve high transaction fees and network congestion seen in blockchains like Ethereum before its Proof-of-Stake transition. Aptos uses the Move programming language for smart contracts, emphasizing scalability, safety, and flexibility. It employs a Proof-of-Stake consensus mechanism and supports a wide range of Web3 applications. With its focus on addressing existing blockchain limitations and a strong development team, Aptos shows significant potential. In the current market cycle, it appears to be an attractive option for those interested in emerging blockchain technologies.
Bitcoin Whales Make Significant Purchases, Driving Price Expectations Higher.
Recent large purchases of Bitcoin by whales creating new wallets have captured attention in the cryptocurrency market. According to the latest data, these new wallets have accumulated approximately $145 million worth of Bitcoin, reinforcing expectations for a market rally. On-chain data reveals that investor interest is particularly directed towards Bitcoin.
Interest in Spot Bitcoin ETFs Rises in the US.
Demand for Spot Bitcoin ETFs in the United States is increasing rapidly. On November 7, over $1 billion was invested in these ETFs, marking the highest inflow since January.
BlackRock's Bitcoin ETF contributed significantly during this period by attracting $1.11 billion in funds, indicating a rise in institutional interest in cryptocurrencies and supporting growth in the digital asset market.
Expectations of Price Increase for BTC Strengthen.
Current trends suggest an increased likelihood of Bitcoin price appreciation. Crypto analyst Ali Martinez points out that if BTC maintains the $71,489 level, the price could rise to $85,360. He highlights that 24,000 BTC, valued at approximately $1.80 billion, has been withdrawn from exchanges recently.
It also seems probable that Bitcoin's price will surpass $88,000 in November. However, despite these optimistic expectations, it is essential to consider that price increases may lead to volatility. Short-term profit realizations can influence investors' decisions.
Upcoming U.S. inflation data may also impact market sentiment. Donald Trump's support for BTC and digital assets strengthens investors' long- term outlooks.
The substantial purchases by Bitcoin whales and increasing institutional interest in ETFs indicate that BTC may experience a robust upward trend in the future. Investors should closely monitor these movements to make informed decisions.
JUST IN! Binance Labs Announced Its New Investment Project! It Was Its First Investment For This Sector!
Binance Labs, the venture capital and incubation arm of Binance, has announced an investment in BIO Protocol to accelerate decentralized science (desci) financing.
Binance Labs has taken its first step into the decentralized science sector with an undisclosed investment in BIO Protocol.
"Binance Labs has invested in BIO Protocol, a pioneering protocol that is changing the way early-stage scientific research is funded and commercialized using blockchain technology.
"At Binance Labs, we are committed to bringing about groundbreaking developments that create long-term, real-world impact by supporting projects that build meaningful technologies. This approach aligns closely with our investment in BIO Protocol."
"BIO Protocol represents a significant step forward in DeSci by combining biotech and DeFi," said Andy Chang, Chief Investment Officer at Binance Labs. "At Binance Labs, we are committed to unlocking groundbreaking advances that create long-term, real-world impact by supporting projects that build meaningful technologies; this approach aligns closely with our investment in BIO."
📈Whale Alert! Whales snapped up $2.35M of FWOG, the frog-themed meme coin, driving it to an all-time high of $0.369 and pushing its market cap past $350M!
🌐The recent listing on SolCex boosted FWOG’s visibility, making it Solana’s top-performing meme coin and tripling the market cap of its Ethereum Layer 2 rival, Scroll.
🔥FWOG was October’s second-best meme coin with 262% gains and is now breaking major trendlines.
📊FWOG’s MACD and ADX indicators show a strong bullish trend – looks like the frogs are on a roll!
And the evidence that the Cardano currency is always the first to rise when we enter the bullrun
If the Cardano currency reaches $ 1, this is a sign that the currencies will hit hard soon.
When you see the acquisition correction with the stability of Bitcoin in a price range and the currencies launching an accelerating upward movement, it will be a signal of the beginning of the end, The market takes from a month to two months at most and the currencies do not need more time than that to rise and achieve a peak, At that time, secure your deals by activating a stop loss and start raising caution from the market and do not be greedy and do not distract yourself with positive news and follow each deal separately and be firm in reaping your profits and exiting and do not re-enter even if the market rises after your exit. And we ask God for success for everyone.
Currencies at the beginning of the rise.
Layer 1 on fire 🔥
Celo Lrc Pol Ada One Jup .....
It's time for L2 to pump
Then defi Games.
Each sector will reach its turn to rise within a specific time.
But layer 2 currencies always start to rise, they are the first in the market. And my advice is to trade with caution No fomo.