Bitcoin surpassed $98,000 on Thursday, reaching a new peak as market capitalization neared $2 trillion. Investor optimism following Donald Trump's victory in the presidential election has fueled speculation that crypto-friendly policies could be implemented, contributing to this growth. Bitcoin has increased by more than 44% since the election on November 5, continuously breaking records.
- Strong accumulation activity from large wallets has driven the price up. While the number of wallets holding less than 10 BTC has decreased, the remaining large wallets are accumulating strongly, indicating buying pressure from major investors.
- Strong demand for March and June call options from QCP Capital, along with inflows into Bitcoin ETFs, suggests optimism about Bitcoin's long-term potential. 📈
- However, Glassnode founders warn that surpassing the $100k mark could trigger profit-taking, leading to a price adjustment.
🚨 Emergency alert from Shiba Inu (SHIB)! The Shibarium Trustwatch team has detected a scammer impersonating the Shiba Inu developer to promote fake tokens. Users are advised to verify the source and not share personal information.
- Scammers are taking advantage of the large Shiba Inu community, especially during the market growth period. - SHIB reminds that SHI and TREAT have not been launched yet, encouraging followers to monitor official accounts for updates. - SHI is an upcoming stablecoin, while TREAT is a reward token with various applications.
Always stay vigilant and protect yourself from these scams! 🔍
Ethereum is undergoing a consolidation phase after being rejected near the important resistance level of $3.5K. Currently, ETH may pull back to the $3K range, coinciding with the 200-day moving average, laying the groundwork for the next bullish wave.
- **Daily Chart**: Ethereum has surpassed the $3K resistance zone, now acting as an important support level. However, resistance near $3.5K has triggered a pullback to $3K. If it holds, the price could continue to rise, targeting new resistance levels.
- **4-Hour Chart**: The bullish structure remains solid. After a strong rally, the price encountered resistance at $3.5K and is consolidating around $3K. RSI is at 52, indicating neutral momentum. ETH may continue to consolidate or prepare to challenge the $3.5K level. 🚀
Ripple (XRP) is undergoing a correction phase after being rejected at the key resistance level of $1.3. 📉 Currently, the price is in a short-term consolidation process, with the main target being the support area of $0.9.
- On the daily chart, XRP tested the $1.3 level, close to the previous all-time high. Breaking through this level could pave the way for a new bullish rally by the end of the year. However, strong selling pressure has led to a rejection of the price.
- The 4-hour chart shows a clearer rejection, with the price moving sideways and low volatility. This phase helps stabilize the market and maintain the long-term bullish structure. 🔄
- The key support level is in the range of $0.9-$1.0, forming a foundation for the next price increase.
Bitcoin is approaching the $100K mark, an important milestone that many investors have long anticipated. 📈
- On the daily chart, the price has surpassed multiple resistance levels, including $90K. However, the RSI indicator shows that the market is overbought, which could lead to significant volatility as the price reaches $100K.
- On the 4-hour timeframe, the price has broken out of a symmetrical triangle pattern, indicating the potential for continued upward movement in the short term.
- The funding rate is increasing, reflecting the optimistic sentiment of investors. However, there is still room for the price and market sentiment to develop before reaching new highs. 🚀
Bitcoin continues to lead the trends on social media as its market capitalization approaches the $2 trillion mark. In the past 30 days, BTC has increased by more than 44%, reaching a record high of over $97,800. The excitement and optimism in the cryptocurrency community could push BTC's price above $100,000 soon.
Litecoin (LTC) is also attracting attention, often referred to as the silver to Bitcoin's gold. LTC stands out with faster transactions and lower fees, prompting users to speculate about its growth potential. Currently, LTC is priced at $90, up 5% for the day and 27% for the month.
MicroStrategy, a company that has been actively buying BTC, is also in the spotlight as users analyze the correlation between MSTR stock price and Bitcoin. 📈
**Chill Guy (CHILLGUY) - New Meme Coin Making Waves 🌟**
- The meme coin market is buzzing again with Chill Guy (CHILLGUY) on the Solana platform. The price of this coin has skyrocketed from $0.007 to over $0.30 in just three days, equivalent to a 4,100% increase.
- The market capitalization of CHILLGUY once exceeded $450 million before dropping to around $300 million. This surge has attracted the attention of many in the industry, including the President of El Salvador, Nayib Bukele.
- Despite the high profit potential, meme coins still carry many risks. Investors should conduct thorough research and only invest money they can afford to lose.
Bitcoin continues to set new records, nearing the $100,000 mark 🎯
- Bitcoin has reached nearly $98,000 during Asian trading, just 2% away from the $100,000 mark. This comes amid a strong influx of capital into Bitcoin spot ETF funds, with total assets under management exceeding $100 billion.
- With a market capitalization of over $1.9 trillion, Bitcoin is currently the seventh largest asset in the world, accounting for 58% of the cryptocurrency market share.
- Meanwhile, many altcoins like ADA, SUI, and various meme coins have seen significant declines, while BCH and BSV have shown impressive growth, increasing by 17% and 10.3% respectively. The total cryptocurrency market capitalization has reached a new record above $3.330 trillion. 🚀
Shiba Inu (SHIB) could see a significant price increase if it breaks through the resistance level of $0.000025. 🔥
- The token burning mechanism is increasing, with over 11.5 million tokens being destroyed in the past 24 hours, which could drive the value of SHIB higher. - Currently, SHIB is trading around $0.00002406, down 2% for the day and 8% for the week. - Analyst Ali Martinez predicts SHIB could rise 50% if it surpasses the current resistance level. - The withdrawal of 1.7 trillion SHIB from exchanges could be a positive signal, reducing immediate selling pressure. - Shibarium, SHIB's layer-2 scaling solution, has reached 500 million transactions, promising strong growth potential. 🚀
Bitcoin reached a new market capitalization peak, hitting 1.93 trillion USD on November 21, when the price reached a record 97,850 USD. 🚀
- This market cap surpasses that of the world's sixth-largest company, Saudi Aramco, and is only 230 billion USD less than Amazon. - Bitcoin currently accounts for about 11% of the market capitalization of gold and more than half compared to Nvidia. - The price increase momentum comes from discussions about cryptocurrency policy at the White House. - Bitwise CEO noted that Bitcoin is creating the largest asset transfer in the world. - BTC market share increased to 61.8%, putting pressure on altcoins like Ethereum.
🚀 FLOKI unexpectedly surged to a four-month high, despite the sharp decline of most other meme coins. The main reason is believed to be the announcement of listing from the largest cryptocurrency exchange in the United States - Coinbase.
- FLOKI sharply dropped from a peak of $0.00026 to $0.000226, losing 12% of its value. However, it quickly recovered and reached nearly $0.00029.
- Coinbase will start supporting FLOKI from November 21, provided liquidity conditions are met. However, some regions may not have access due to local requirements.
This event highlights the potential of blockchain and cryptocurrency in creating new opportunities. 🌟
Bitcoin price reached $97,765 in early trading in Asia on November 21, up 40% since Donald Trump was elected. With an increase of over $28,000, BTC is only about 2% away from the $100,000 mark. 🤑
Experts believe that the demand for BTC far exceeds the supply. Nearly 20 million BTC have been mined, of which 4-5 million are lost, 1 million belongs to Satoshi's wallet, and Bitcoin ETFs hold 1 million BTC. MicroStrategy is also moving towards acquiring 400,000 BTC.
Meanwhile, whales continue to accumulate BTC despite the high price, with one whale purchasing 3,289 BTC from Binance in the past two days.
Bitcoin dominates with a 61.5% market share, pushing the crypto market capitalization to an all-time high of $3.28 trillion. Altcoins have plummeted, especially Dogecoin and Shiba Inu. 📉
President-elect Donald Trump has nominated Howard Lutnick, Chairman and CEO of Cantor Fitzgerald and a prominent cryptocurrency supporter, as the U.S. Secretary of Commerce. Lutnick, who has advocated for Bitcoin and stablecoins like Tether, is expected to advance Trump's trade and economic policies. Lutnick has previously called for U.S. regulators to treat Bitcoin as a commodity, similar to gold or oil. Cantor Fitzgerald, his company, has expanded its services into the cryptocurrency space and recently launched a $2 billion Bitcoin funding initiative. 🚀
Sky, the DeFi lending protocol previously known as Maker, has just launched the USDS stablecoin on the Solana blockchain. 🚀
USDS is introduced as the first major DeFi stablecoin on Solana, opening up new opportunities for lending and trading on top DeFi platforms. Sky emphasizes that this is the first step in the strategy to increase liquidity and TVL for Solana.
USDS is integrated on Solana thanks to Wormhole’s Native Token Transfer, allowing for cross-chain operations without the need for wrapped tokens. Sky also rewards users and liquidity providers with millions of USDS on Solana’s DeFi platforms.
USDS is currently the third largest stablecoin with a market capitalization of $5.24 billion. 🌐
Russia temporarily halts cryptocurrency mining in several regions to save electricity 🌐
- The Russian government has decided to temporarily halt cryptocurrency mining in some regions this winter to address the electricity shortage. Affected areas include Irkutsk, Buryatia, Zabaikalsky in Siberia, and six regions of the North Caucasus such as Chechnya and Dagestan.
- The suspension also applies to regions controlled by Russia in Ukraine, such as Donetsk and Luhansk. The ban in Siberia lasts from 12/1 to 3/15/2025, while the North Caucasus and the banned regions in Ukraine are restricted year-round from 2024 to 2031.
- Russia is currently the second-largest cryptocurrency mining center in the world after the USA, consuming 16 billion kWh each year for this activity. ⚡
Bitcoin just reached a new peak at $95,000 but was quickly pushed down by over a thousand dollars in just a few minutes. 🌐
While Bitcoin has slightly recovered, many altcoins, especially meme coins, have sharply declined, leading to over $400 million being liquidated in the past 24 hours. The market capitalization of meme coins decreased by more than 10%, from $130 billion to $115 billion, according to CoinGecko.
Meme coins like POPCAT, PNUT, BONK, WIF, and PEPE all dropped by double digits, although there had been impressive increases beforehand. DOGE and SHIB also suffered losses but have partially recovered. 💹
Data from CoinGlass shows that 160,000 traders were liquidated, with long positions accounting for the majority.
BREAKING: Donald Trump is considering replacing SEC Chairman Gary Gensler with cryptocurrency-supporting attorney Teresa Goody Guillén. Guillén, currently a partner at BakerHostetler and co-leader of the blockchain group, is seen as a strong candidate for the position.
- Guillén is known for her support of cryptocurrency and has extensive experience at the SEC. - She is expected to bring significant change, easing rigid regulations and promoting the growth of the cryptocurrency industry. - Other candidates for this position include Dan Gallagher, Brian Brooks, and Paul Atkins.
🌟 The cryptocurrency community is watching Trump's every move!
Coinbase announced it will cease trading Wrapped Bitcoin (wBTC) on December 19, 2024, surprising and disappointing the wBTC team. They are calling on Coinbase to reconsider this decision, emphasizing that wBTC is a decentralized and transparent wrapped BTC product that complies with custody processes and regulations.
The community criticizes Coinbase for favoring its own Bitcoin token, cbBTC, which has the ability to freeze balances – a feature that wBTC does not support. This raises concerns about competitiveness and transparency in the industry.
Additionally, Justin Sun, the founder of Tron, has increased his influence over wBTC, causing concern within the cryptocurrency community. 🌐
XRP has surged significantly over the past week, with price predictions suggesting it could reach $8. Rumors about replacing SEC Chairman Gary Gensler with a crypto-friendly leader may help resolve Ripple's legal issues, boosting XRP's growth.
- XRP is currently trading at $1.13, up 67% in the past 7 days, outperforming many leading digital assets. - Analysts predict XRP could reach a new all-time high, with expectations that the price could rise to $3 or even $8. - The leadership change at the SEC could facilitate Ripple in its legal battle, positively impacting the market. 🚀
Aave, a leading decentralized finance (DeFi) protocol, has just achieved an impressive milestone of 10 billion USD in active loans, a 300% increase since the beginning of the year. 📈
Data from Token Terminal shows that in the past 30 days, loans on Aave increased by 16.4% to 10.04 billion USD, while the total value locked (TVL) rose by 26.7% to reach 15.96 billion USD. Monthly revenue surged by 82% to 9.36 million USD, with an annual revenue forecast of 113.84 million USD.
Aave is also exploring deployment on Spiderchain, a layer-2 network of Bitcoin, aiming to combine Bitcoin's deep liquidity with Aave's lending ecosystem. 🌐
However, the AAVE token dropped by 3.4% in the past 24 hours, despite having increased by 31.7% in the last three months.