Bitcoin (BTC) recorded a 129% year-to-date gain, primarily driven by the outcome of the 2024 United States Presidential election and the April 2024 halving event.

According to data from ICO Analytics, Bitcoin also experienced a 37% gain in November 2024. The ICO Analytics data measured monthly Bitcoin performance between 2011-2024 and revealed only three other years where Bitcoin experienced higher percentage gains for November.

These included 2013, with a staggering 459% gain, 2017 at 54%, an

Bitcoin (BTC) has made history as the largest cryptocurrency seals its largest ever monthly candle.

BTC/USD 1-month chart. Source: Cointelegraph/TradingView

Bitcoin completes month unlike any other

Data from Cointelegraph Markets Pro and TradingView confirms the single biggest BTC price gain ever seen in a single monthly candle — $26,400.

The November monthly close came in at around $96,400, also marking a new historic record for BTC/USD.

Bitcoin finished the month up by more than 37%, maki

Solana memecoin launchpad Pump.fun saw its weekly revenue drop after disabling its livestream feature in response to reports of harmful content being broadcast. 

The Solana memecoin generator’s revenue began November with an upward trajectory before it peaked in the fourth week. 

From Nov. 18–24, DefiLlama data shows the memecoin launchpad generated $33.83 million in revenue for the week. This represents a 60% increase compared to the previous week and an almost 400% increase compared to the s

Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover. 

On Dec. 1, data company CryptoSlam showed that NFTs recorded $562 million in sales in November, a substantial increase in volume from October. CryptoSlam data also indicates that November’s monthly sales volume for NFTs is the highest since May when digital collectibles had a $599 million sales volume. 

NFT sales volume from May to December 2024. S

South Korea’s Democratic Party has backtracked on its push to implement the country’s crypto gains tax in 2025, agreeing to another two-year delay.

In a press conference on Dec. 1, the Korea Democratic Party (KDP) floor leader, Park Chan-dae, announced that the KDP agreed to a two-year moratorium on the implementation of digital asset capital gains tax proposed by the government and the People’s Power Party (PPP), the ruling party. 

The law taxing crypto gains in the country is scheduled to co

The United States regulator has taken legal action against investment firm Touzi Capital over allegedly misleading investors about the liquidity and profitability of its crypto asset mining fund.

Touzi Capital allegedly defrauded over 1,200 US investors through crypto asset mining fund security offerings that raised “almost $95 million,” according to a statement published by the US Securities and Exchange Commission (SEC) on Nov. 29.

False promises made to crypto mining fund investors

The inv

Ether is forming a convincing pattern on the price chart signaling a potential surge of up to 97% within the next four months, according to a crypto analyst.

“ETH has a 3-year cup and handle in the making; it is about to be completed now if Ethereum confirms $3.8k as support,” pseudonymous crypto trader venturefounder said in a Nov. 30 X post.

The end of Q1 2025 is the deadline

Venturefounder projected Ether’s (ETH) first price target at $5,349, followed by $6,457, and a third target of $7,23

Top Stories of The Week

Dogecoin flips Porsche market cap as DOGE ETP, Musk drive rally

Dogecoin has surpassed the market capitalization of luxury automaker Porsche, driven by endorsements from Elon Musk and the potential launch of an exchange-traded product for the memecoin.

Dogecoin has risen 175% during the past month to a $57.8 billion market capitalization, surpassing Porsches $56.1 billion market cap, as of 8:34 am UTC on Nov. 27, Cointelegraph data showed.

Dogecoin has had significant

Ripple chief technical officer David Schwartz recently joined the list of tech founders speaking out against Operation Chokepoint 2.0 — a government-run debanking operation against the crypto industry. Schwartz said the government is "addicted to indirect regulation" and laid out four reasons why de-banking undermines the rule of law.

Schwartz argued that debanked entities switch service providers or take their funds underground — thereby evading surveillance and sanctions control altogether. T

XRP (XRP) has surged 26.50% in the last 24 hours to reach $1.95 on Nov. 30, its highest level since April 2021. Its rally has been driven primarily by rumors that the New York Department of Financial Services (NYDFS) will approve Ripple’s RLUSD stablecoin in December.

However, at least three XRP indicators point to bullish exhaustion in the coming days, which may result in a 20% correction from the current levels.

XRP price hits ascending channel’s resistance

The first signs of an impending X

Grayscale’s cryptocurrency holdings have significantly increased during November, as altcoins like Stellar and XRP registered triple-digit gains, reinforcing analyst predictions of an incoming altcoin season.

Grayscale Trust Investment’s cryptocurrency holdings have increased by over 85% in market capitalization during the past month, according to Cryptorank data.

Public watchlist: Grayscale Trust Investments. Source: Cryptorank

The asset management giant’s portfolio increase was primarily dr

Bitcoin has entered the “parabolic phase” of the market cycle, as analysts point at a local top of above $110,000 before the end of January.

Bitcoin price (BTC) could rise above $110,000 before the end of January based on its correlation with the Global Macro Investor’s Total Liquidity Index, which offers an aggregate view of all major central bank balance sheets.

The $110,000 price tag is just a “local top” for the current Bitcoin cycle, wrote Raoul Pal, founder and CEO of Global Macro Invest

Bitcoin (BTC) can reach $250,000 next year but hit $150,000 simply by copying 2023 BTC price action, new analysis says.

Speaking to YouTube channel Wealthion on Nov. 29, Tom Lee, co-founder and head of research at financial research firm Fundstrat Global Advisors, gave a 12-month deadline for $250,000 Bitcoin.

Lee: Bitcoin bull run “sweet spot” has begun

Crypto is not short of six-figure BTC price targets, and Fundstrat’s Lee, known for years as a Bitcoin bull, remains optimistic on 2025.

It

Bitcoin dominance has printed a significant signal for altcoin investors, that could see smaller cryptocurrencies rally during December and attract more investments ahead of Jan. 20.

Bitcoin (BTC) dominance, which measures the ratio of Bitcoin to the total value of the crypto market, has fallen to 56.1%, below its two-year support line, signaling that the market is “officially in altseason,” wrote popular analyst Mikybull Crypto, in a Nov. 30 X post.

In crypto slang, altseason, short for altco

Spot Ether exchange-traded funds (ETFs) in the United States reached a new record for daily inflows on Nov. 29.

According to Farside data, $332.9 million flowed into the nine spot Ether (ETH) ETFs on Nov. 29, surpassing the previous daily inflow record — $295.5 million reached on Nov. 11— by $37.4 million.

BlackRock responsible for majority of daily inflows

BlackRock, the world’s largest asset manager, was responsible for $250.4 million of the total inflows on Nov. 29. ETF Store president Nat

The surge in memecoin popularity in this crypto cycle has added extra pressure on crypto exchanges to weed out questionable projects and protect users, according to a crypto exchange executive.

“The team does a lot of due diligence on the founders of the project, who is involved, and what’s potentially on their roadmap,” crypto exchange Binance chief marketing officer Rachel Conlan told Cointelegraph at Aus Crypto Con 2024.

Community feedback and input

As for what is the X factor that gets a

Decentralized finance (DeFi) protocol Hyperliquid has entered the ranks of the largest airdrops in history with its genesis event on Nov. 29, when it distributed 310 million HYPE tokens to its community.

At the launch, the HYPE token was valued at $3.90, placing the total distribution at $1.2 billion, according to data from CoinGecko. The token’s value jumped by 63% within approximately 12 hours, trading at $6.16 at the time of this report. Its market capitalization currently nears the $2 billi

The New York Department of Financial Services (NYDFS) is expected to approve Ripple Labs’ RLUSD stablecoin — an overcollateralized dollar-pegged stablecoin — in the coming days, sources revealed to Fox Business.

According to a Nov. 29 Fox Business report, approval of the dollar-pegged stablecoin by the New York financial regulator could see the product launch as early as Dec. 4. In August, Ripple Labs issued the following statement about the future of its ecosystem:

"There is a clear demand fo

Japanese anime studio behind Dragon Ball wants to launch a blockchain game

Japanese anime production giant Toei Animation, known for generational series like Dragon Ball, One Piece, and Sailor Moon, has partnered with South Korean blockchain firm Wemade to develop a blockchain game with the working title DenDenGarden.

The game is based on Toeis DenDekaDen intellectual property, launched in partnership with Japanese Web3 company Strata in 2022.

DenDekaDen tells the story of seven Kyoto spirits

XRP (XRP) rallied to a new year-to-date high at $1.68 after the altcoin continued to form a higher high (HH) pattern. The crypto asset is up 40% this week, and it may potentially flip BNB to become the fifth-largest cryptocurrency in the market.

XRP 4-hour chart. Source: Cointelegraph/TradingView

XRP active accounts rise 100% in November

While XRP price has increased 232% over the past 30 days, its onchain metrics also demonstrate a positive resurgence. Data from xrpscan, highlighted that the