BITCOIN PRICE UPDATED ATH AT LEVELS ABOVE $94,500

Less than a day after updating the historical maximum at levels above $93,900, the quotes of the first cryptocurrency confidently overcame the $94,000 mark.

On Binance, the rate momentarily reached $94,585. The average weighted estimate of the new ATH from CoinGecko is $94,617.43.

Most of the leading altcoins by capitalization did not react to the price movement of the flagship. The exceptions were Cardano (ADA) and XRP — plus 14.4% and 4.1% per day, respectively, against 3.7% for Bitcoin.

$BTC

MARKET TODAY:

As expected in the previous forecast, the price from the STB zone updated its ATH. This coincided with news of personnel changes in Trump's team.

Key indicators:

 • BTC: $93,524
 • ETH: $3,098
 • Fear index: 83
 • Altseason: 35
 • Long/short: 66/44
 • BTC dominance: 60.5%

📈 Growth leader: PPT (+41%)

📉 Decline leader: NUTS (-35%)

📌 After the sweep of the upper boundary of the sideways range, the price should consolidate above it and the ATH to continue rising.

$BTC
$ETH

🗣EN: Bitcoin is becoming a strategic asset for states

The head of Binance stated that countries will start using printing presses to purchase BTC as a strategic reserve.

No one can afford to be last!
— he added.

$BTC

MicroStrategy demonstrates confidence in Bitcoin

The largest corporate holder of BTC, MicroStrategy, has acquired 51,780 BTC for $4.6 billion.
Now the company's total reserves amount to 331,200 BTC, with a yield of 41.8% in 2024.

$BTC

The current structure of the DOGE chart hints at a bullish flag.
A breakout at the level of $0.4 could trigger a rise to $0.85, ensuring 100% profit.

Is it time for a new rally?

$DOGE

The index of fear and greed in the crypto market has reached 90 — extreme greed.

The market needs cooling, as this is the highest indicator in the last 8 months — there is hype in the market, people are ready to buy crypto.

So we are waiting for a correction to the area of ​​$ 76,000

$BTC

Matthew Siegel from VanEck believes that by the end of 2025, Solana will receive a spot ETF. In his opinion, there are significant changes ahead in the SEC's regulatory policy that should support the development of crypto products.

$SOL

CRYPTOQUANT HEAD RAISED BITCOIN FORECAST TO $135,000

Based on the cumulative capital inflow to the bitcoin market, the target price for digital gold in the current cycle is $135,000. This conclusion was reached by the founder and CEO of CryptoQuant, Ki Yun Joo.

Thus, the expert adjusted his February forecast for the quotes of the first cryptocurrency based on realized capitalization. A month earlier, spot bitcoin ETFs began trading.

The head of CryptoQuant suggested that inflows into products would serve as a driver of the bull market, so the price could reach $112,000 by the end of the year.

According to SoSoValue, the total net inflow into exchange-traded funds as of November 15 approached $27.5 billion.

"We are in a bull market. Bitcoin will continue to grow," the analyst emphasized.

However, he warned that this does not mean the absence of corrections, as "the perpetual futures market is overly leveraged."

$BTC

American spot Ethereum ETFs recorded a net inflow of $515 million over the past week, marking an all-time high since the launch of these funds.

This increase indicates a growing interest from investors in Ethereum, despite the volatility in the cryptocurrency markets.

$ETH

MARKET REVIEW AS OF NOVEMBER 16

$BTC reserves on exchanges fell to the lowest level since November 2018.

Fear Index: 86

Alt Season Index: 33

Long/Short Ratio: 76/24

Bitcoin Dominance: 60.6%

📈 Top Gainer: ALGO (+31%)

📉 Top Loser: LGX (-22%)

There are rumors that Gary Gensler may announce his resignation in early January, right after Thanksgiving.

On the back of this news, $XRP has already broken through the $1 per token mark.

$ALGO $XRP

ELON MUSK LAWSUIT DISMISSED

The appeal of investors who accused Elon Musk of manipulating $DOGE has been withdrawn, ending the trial. Musk is no longer facing charges of rigging the cryptocurrency market.

$DOGE

Looks like we'll see bitcoin at $100,000

There are still more bears than bulls in the market.

$BTC

Miners are actively selling BTC.

A CryptoQuant analyst reports that a record 25,000 BTC were transferred from miners' wallets to crypto exchanges the day before.

This could affect the price of Bitcoin in the near future.

$BTC

EXPERTS HAVE NAMED THE TIME OF BITCOIN'S PEAK

Bitcoin will form a peak at the end of May 2025, which coincides with the forecasts of a recession in the United States. This opinion was presented by Copper, writes The Block.

Experts explained their position with data from various bull and bear cycles. They found that, on average, they last about 756 days. 554 days have passed since the bottom was formed, and there are still 202 days left until the peak, if the analogies remain correct.

Analysts noted that JPMorgan estimates the probability of a recession in the second half of 2025 at 45%.

Experts warned that Bitcoin has historically demonstrated stability during periods of economic downturn, but this time the market sentiment and investor behavior may be different.

In the near future, the positive dynamics of digital gold will continue, as indicated by technical indicators such as RSI, experts said.

Earlier, Bernstein urged investors to add crypto assets to their portfolios “as soon as possible.” They recommended buying a basket of digital assets, including BTC, ETH, SOL, OP, ARB, POL, UNI, AAVE, and LINK.

$BTC
$SOL
$AAVE

ELON MUSK TO LEAD DOGE — THE US DEPARTMENT OF GOVERNMENT EFFICIENCY

Billionaire Elon Musk and former US presidential candidate Vivek Ramaswamy will lead the new Department of Government Efficiency (DOGE) in the US government.

Its task will be to reform the government to reduce administrative costs and fight bureaucracy. DOGE will take an “entrepreneurial approach” and offer a fresh look at the work of the US government apparatus.

To do this, some government agencies will be abolished, while others will have their staff reduced. The necessary reforms were promised to be carried out by July 4, 2026 — the 250th anniversary of the Declaration of US Independence.

“Together, these two great Americans will pave the way for my administration to eliminate government bureaucracy, reduce unnecessary regulations, reduce wasteful spending, and restructure federal agencies,” Trump said.

Both DOGE executives have shown themselves to be anti-regulators. Ramaswamy has spoken out against the introduction of a CBDC and condemned the government for sanctioning crypto mixer Tornado Cash.

$DOGE

Basketball player Scottie Pippen talked about his dream two months ago:

Satoshi Nakamoto came to me in a dream and said that on November 5, 2024, Bitcoin will be worth $84,650.

At that time, everyone laughed. Now in the comments, they are asking what else he has dreamed about lately

$BTC

CHINESE OFFICIAL SOLD STATE SECRETS FOR CRYPTOCURRENCY

The official's position and place of work are not disclosed. According to the case materials, Wang Momou had been investing in various cryptocurrencies for a long time. However, he ultimately lost all of his digital assets and found himself in 'very difficult financial circumstances'.

Burdened by debt, Momou agreed to cooperate with certain 'foreign espionage agencies' and began providing them with 'paid information'. For sharing information about 'production tasks and scientific achievements of his department', he received rewards in cryptocurrency, according to the court's verdict.

In total, Momou received approximately 1 million yuan ($140,000) in digital assets for his services. The People's Court of China sentenced the former official to life imprisonment.

Earlier, the Ministry of Justice of Taiwan stated that the intelligence of the PRC used cryptocurrency to pay rewards to Taiwanese military personnel involved in a major espionage case.

TRUMP WILL HELP ETHEREUM LEAVE BITCOIN AS AN OUTSIDER

Raoul Pal said that with the new administration in the White House, Ethereum may become the main platform for traditional financial institutions (TradFi) planning to develop large services and applications — as Ethereum has established a reputation as a reliable blockchain:

"Trump's victory is an opportunity for Ethereum to leave the Bitcoin network far behind. It's enough for the regulatory environment in the American crypto industry to become more liberal than it is now."

Ethereum has the largest share of decentralized finance (DeFi) applications, and if Donald Trump fulfills his campaign promises regarding the development of the crypto market, the returns in the blockchain ecosystem will increase significantly, the businessman stated.

However, he acknowledged that Ethereum has serious competitors — the Solana and Sui blockchains, which are becoming increasingly popular among users and projects due to low transaction fees.

Previously, Raoul Pal urged investors to move away from cryptocurrencies like XRP and ADA and pay attention to new digital assets that may have much greater growth potential.

$ETH

3 TOKEN UNLOCKS TO WATCH NEXT WEEK

Unlocking (English: unlock) refers to the release of tokens that were previously frozen under the terms of investment rounds or other fundraising programs.

Aptos (APT)

Unlock Date: November 11
Number of unlocked tokens: 11.31 million
Circulating supply: 519.93 million APT

Starknet (STRK)
Unlock Date: November 15
Number of unlocked tokens: 64 million
Circulating supply: 2.09 billion STRK

Arbitrum (ARB)
Unlock Date: November 16
Number of unlocked tokens: 92.65 million
Circulating supply: 3.97 billion ARB

$APT
$STRK
$ARB