● BTC briefly surpasses 81,000 USDT, continues to set new highs
According to Binance market data, BTC briefly surpassed 81,000 USDT, continuing to set new highs.
● Analysis: Bitcoin bulls leverage weekend liquidity to push the market higher
According to Odaily Planet Daily, in line with the recent weekend price trend, Bitcoin bulls are taking advantage of weak liquidity to drive the market higher. Cryptocurrency analyst WhalePanda noted that low liquidity trends over the weekend almost always fully retrace. Material Indicators co-founder Keith Allen reiterated the need for 'some pullbacks' during BTC price increases. He pointed out that weekends are a time for whale games, currently in a price discovery phase, thus focusing more on Bitcoin's weekly and monthly closing prices.
● Crypto analyst PlanB states Bitcoin enters the vertical rise phase of the S curve
According to BlockBeats, on November 10, crypto analyst PlanB stated on social media that Bitcoin is entering the vertical rise phase of the S curve (and S2F curve).
● ETH price reaches highest since August, surpassing the market cap of Bank of America
According to Cointelegraph, on November 10, ETH price reached $3,200, the highest since August. ETH's market cap is approximately $383 billion, about $40 billion higher than Bank of America.
ETH's high valuation reflects a shift in financial market dynamics, as the adoption and growth of blockchain technology begin to surpass traditional finance. The U.S. Securities and Exchange Commission is considering listing the first options related to the spot ETH exchange-traded fund (ETF). ETH supply has increased rapidly over the past seven days, with an annual inflation rate of 0.424%.
According to Ultrasound.money data, the current annual burn rate is 452,000 ETH, and the issuance rate is 957,000 ETH. Cryptocurrency analysts have mixed views on ETH price trends but generally expect prices to rise further.
● This week, tokens like ARB, AVAX, and STRK will unlock over $100 million
According to Deep Tide TechFlow, Token Unlocks data shows that this week, tokens like ARB, AVAX, and STRK will see large unlocks, totaling a value of over $100 million.
Arbitrum (ARB) will unlock 92.65 million tokens on November 16 at 21:00, worth approximately $58.13 million, accounting for 2.33% of the circulating supply.
Avalanche (AVAX) will unlock 1.67 million tokens on November 18 at 8:00, worth approximately $53.30 million, accounting for 0.41% of the circulating supply.
Starknet (STRK) will unlock 64 million tokens on November 15 at 8:00, worth approximately $29.72 million, accounting for 3.05% of the circulating supply.
Nervos Network (CKB) will unlock 1.34 billion tokens on November 16 at 8:00, worth approximately $19.82 million, accounting for 2.99% of the circulating supply.
● Standard Chartered predicts Republican policies could drive the crypto market cap to $10 trillion
According to DLNews, as Trump wins the White House and the Republicans control the Senate, the crypto market cap rises to $2.84 trillion. Standard Chartered predicts Republican policies could push the market to $10 trillion by 2026. This prediction is based on the Republicans potentially promoting stablecoin regulation, abolishing SEC restrictions on crypto custody, and considering federal BTC reserves. Although the BTC reserve fund is seen as a low-probability event, retaining BTC holdings by the U.S. government could have a significant impact on prices.
Standard Chartered's Geoff Kendrick stated that regulatory changes in 2025 and 2026 will further legitimize the digital asset industry, driving the emergence of new assets. It is expected that the stablecoin market cap will reach $1 trillion, with BTC prices hitting $200,000 by the end of 2025, and ETH rising to $10,000. However, Kendrick expects BTC's market share to drop from the current 60% to around 40% by 2026, while SOL's value could increase fivefold by the end of next year.
● Solana on-chain DEX trading volume surpasses Ethereum, reaching $14.533 billion
According to BlockBeats, on November 10, DeFiLlama data showed that in the past 7 days, Solana on-chain DEX trading volume reached $14.533 billion, surpassing Ethereum's on-chain DEX trading volume of $13.779 billion.
