Justin Sun splurges $20 million to buy the most expensive banana in history, 'Comedian', is there still a chance for $BAN to rise?
Today, TRON founder Justin Sun stated that he purchased the iconic work (Comedian) by Italian artist Maurizio Cattelan for $6.2 million (NT$201 million). Although this work is very simple, just a banana taped to the wall, it has become an important page in modern art history due to its unique interpretation of artistic concepts and the huge sensation it caused. Justin Sun stated:
I am pleased to announce that I bought the banana! ... I am happy to tell everyone that I successfully acquired Maurizio Cattelan's iconic work (Comedian) for $6.2 million.
Bitcoin's market share 'soars to 61.6%' setting a nearly four-year high, is there still hope for altcoin season?
Bitcoin surged past $97,000 this noon, reaching a high of $97,662 before publication, setting a new historical record with a nearly 24-hour increase of 5.58%. In this context, TradingView data shows that Bitcoin's market share (BTC.D) has soared to 61.61%, reaching a new high not seen since March 2021. Before publication, there is still momentum for further gains, indicating that the cryptocurrency market is currently dominated by Bitcoin's rise.
When will the altcoin season arrive? In the cryptocurrency market, when Bitcoin leads the way, it often means that the market is still in the early stages, and the altcoin season has not officially arrived. According to historical cyclical patterns, after Bitcoin leads, market funds gradually flow to other mainstream coins (such as ETH, SOL, etc.) and small-cap tokens (altcoins), ultimately leading to a comprehensive outbreak of the 'altcoin season'.
Trump's Bet Soars! Bitcoin Officially Breaks $97,800; The White House 'Crypto Czar' Is Set to Appear
On Thursday (November 21), Bitcoin officially broke through $97,800, reaching $97,852, setting a new historic high again. News has emerged that U.S. President-elect Donald Trump is expected to appoint the first "crypto czar" in the White House. Data from major cryptocurrency betting platform Polymarket showed that bets on Trump establishing a national strategic reserve for Bitcoin surged to a high of 44% during the day, but then retreated.
Forbes reported that now, as traders bet on Trump becoming a "game changer" for Bitcoin, leaked information indicates that Trump may appoint the first White House "crypto czar."
Breaking news! Bitcoin breaks $96,900 to set a new all-time high. Rich Dad Poor Dad author: Next target price is...
On Thursday (November 21), Bitcoin broke through $96,500, setting a new all-time high of $96,982. Robert Kiyosaki, author of the best-selling book (Rich Dad Poor Dad), called out an astonishing target price of $13 million, attracting significant attention from the community.
Kiyosaki wrote, 'A $13 million Bitcoin, according to Michael Saylor, founder of MicroStrategy. I believe he is right. He's a smart kid. Bitcoin is $90,000 today. If Saylor's target is accurate, I think he is right, which means spending $9,000 today buys you 0.01 Bitcoin, and tomorrow you are a millionaire.'
Trump suddenly reveals plans to establish a 'Crypto Czar'! Bitcoin surges to a new high of $94,964, Musk announces new government heavyweight policy.
On Thursday (November 21), Bitcoin maintained strength above $94,000 after reaching a historic high of $94,964. Trump’s team is reportedly considering establishing a position for a 'Crypto Czar' in the White House, who will directly connect with the president. Billionaire Elon Musk announced that his led U.S. efficiency department (D.O.G.E) will launch a weekly podcast to report on national cost reduction status.
US media: Trump's team is considering establishing a 'Crypto Czar'. Bloomberg cites insiders saying it is unclear whether a senior White House staff position or 'Crypto Czar' will be established—this term is used in Washington to refer to the person responsible for overseeing federal government policy and regulations. They stated that advocates in the crypto industry are pushing for the position to connect directly with Trump.
The $10 trillion asset management giant suddenly speaks! Top venture capital: Trump's policy wakes up the market, global race for strategic Bitcoin reserves begins
BlackRock, the Wall Street asset management giant managing $10 trillion globally, stated that a victory for Donald Trump in the 2024 presidential election could bring new optimism for Bitcoin's strategic reserves. He promised to establish a national strategic Bitcoin reserve for the U.S. before the election. Top venture capitalists have noted that the global race for strategic Bitcoin national reserves has begun, and no country can afford to ignore Bitcoin any longer. The regulation of the crypto industry in the U.S. over the past two years has been unclear, with the current Biden administration's SEC adopting a 'regulatory alternative to enforcement' approach that has led to numerous lawsuits. However, BlackRock pointed out that this situation may change with Trump's return to the White House.
POWSCHE Rises 740% in a Week, But How Far Can the Memecoin Frenzy Take It Now?
From November 11 to November 19, POWSCHE rose by 740%. However, it has since pulled back nearly 8.6%. Nevertheless, its current trend may not be over, as small-cap tokens often rise further. As of the time of writing, the market capitalization of the Solana-based [SOL] memecoin POWSCHE is $9.03 million. In contrast, the trading volume of Solana across exchanges on the day of writing is $7.14 billion. POWSCHE's price could be higher, but like all memecoins, especially newly created ones, market hype and community building are crucial for sustaining bullish prospects.
BONK Price Soars 12% on Major Listing, $10 Billion Market Cap Coming Soon?
Solana-based meme coin BONK has surged over the past week, rising another 12% today shortly after being listed on South Korean cryptocurrency exchange Upbit. As a result, BONK’s price has risen by more than 12%, with its market cap topping $4.2 billion. Additionally, daily trading volume has surged by 77%, all the way to over $2.7 billion, showing huge investor interest. BONK price breaks through after Upbit listing Earlier today, South Korea’s largest cryptocurrency exchange Upbit announced the launch of the BONK Korean Won trading market. The listing will significantly increase the trading volume of the meme coin, further pushing up the price of BONK.
'Bitcoin ETF Options' debut stuns the audience! Inspiring BTC to break through $94,000 to set a new high
Bitcoin has set a new all-time high! With Wall Street welcoming a new product— 'trading of Bitcoin spot ETF options,' the initial trading day saw explosive volume, and investors scrambled to buy call options, showing strong market confidence in Bitcoin's future, which drove Bitcoin to briefly surpass the $94,000 mark, setting a new record price. According to CoinGecko market data, Bitcoin reached a high of $94,040.99 early this morning (20th), and as of writing, the price has moderated to $92,203.25, reflecting a 1.7% increase in the past 24 hours. Bitcoin spot ETF options made a stunning debut. Bitcoin spot ETF options provide the market with more flexible trading tools, allowing investors to buy or sell the underlying asset at a predetermined price within a set timeframe.
Solana (SOL) price has shown bullish momentum over the past 24 hours, with the cryptocurrency trading between $247.09 and $234.15. However, at press time, Solana is trading at $237, down 1.08% from the key resistance level. Despite the minor pullback, analysts predict that the Solana could be close to a breakout this week and could potentially set a new all-time high. Will Solana Price Increase This Week? Solana’s recent price performance is consistent with strengthening on-chain metrics that indicate a positive trend for the cryptocurrency. Earlier this week, Solana’s open interest (OI) hit a new all-time high of $5.45 billion, according to Coinglass. The increase indicates growing liquidity and new money entering the Solana market, a typical indicator of strong buying activity.
Raydium shares surge 10%, Ponke gains 20% on major listing
Raydium and Ponke prices surged following the major listing announcements, with RAY up 10% and PONKE up 20%. Raydium and Ponke experienced significant price increases after being added to Bithumb, one of South Korea’s largest cryptocurrency exchanges. Raydium, an automated market maker (AMM) protocol and liquidity provider based on Solana, saw its price increase by 10% following the listing. Ponke, a meme coin on the Solana network, saw its value surge by 20%. The addition of these tokens to the South Korean trading platform reflects the cryptocurrency exchange’s commitment to expanding trading options for users. The listing immediately sparked excitement, with both assets attracting high interest from traders.
Bitcoin ETF options launched today; BTC poised to rise to $200,000?
Bitcoin ETF options will be launched today, triggering market optimism about BTC potentially rising to $200,000 in the coming days amid soaring institutional interest.
Reportedly, the Bitcoin options ETF will begin trading today, which has sparked optimism in the cryptocurrency market. Notably, the anticipated approval has also bolstered market confidence that BTC may rise to $200,000 in the coming days. Additionally, the U.S. spot Bitcoin ETF has regained momentum, seeing significant inflows this week, indicating growing institutional interest in the digital asset space.
Does Trump want to open an exchange? His media company is rumored to acquire the crypto platform Bakkt, with stock prices soaring 162% in a single day.
According to reports (Financial Times), the media company under U.S. President-elect Trump is in deep negotiations to acquire the cryptocurrency exchange platform Bakkt, which is owned by the Intercontinental Exchange (ICE). Two people familiar with the negotiations said that Trump Media and Technology Group (TMTG) plans to acquire Bakkt through an all-stock deal. It is currently unclear what the valuation in the discussions is, but on Monday, Bakkt's market capitalization was slightly above $192 million, while TMTG's market value reached $7.1 billion, making the acquisition seemingly not too difficult of a challenge. Although competition among cryptocurrency exchanges is currently very fierce, the interest of companies closely linked to Trump in acquiring an exchange has attracted widespread attention in the market.
BTC price weekly close approaches $90,000—five things to watch this week
In the coming days, Bitcoin traders will seek to create new BTC price records—if large-scale 'fear of missing out' (FOMO) sentiment begins, can the market avoid a significant pullback? Bitcoin has started a new week, just a step away from new historical highs, and has set the highest weekly closing price ever recorded. Bitcoin traders expect price discovery to return this week, viewing $80,000 as a buying opportunity on dips. This week's closing price has set a new record, but the BTC price trend for November 2024 remains within expected ranges.
Dogecoin large transactions surge 41%, daily addresses increase 35%, will the price rise accordingly?
In the past few hours, Dogecoin's trading volume has surged, and its price has begun to rebound after a weekend correction. The number of large Dogecoin transactions in wallets has significantly increased in the past 24 hours. These large Dogecoin transactions typically involve amounts exceeding $100,000 and are often seen as important indicators of market participation by whales or institutions. Although large transactions in Dogecoin may indicate accumulation or selling, the surge in trading activity suggests that this meme coin is showing a positive trend. Dogecoin large transactions are intensifying Recently, Dogecoin's upward momentum seems to be losing steam after a significant rise in price, breaking above $0.42 for the first time since the bull market of 2021. During the price increase, traders appear to have taken profits, leading to a price correction, with Dogecoin's price falling below the $0.40 threshold. At the time of writing, Dogecoin's trading price is currently below $0.40, having retraced to a low of $0.346 in the past 24 hours.
The market suddenly skyrockets! Trump delivers major news: negotiations for the full acquisition of the Bakkt cryptocurrency exchange
Donald Trump, the elected president of the United States, is taking concrete steps to support Bitcoin, as his social media group Trump Media & Technology Group Corp. (TMTG) is negotiating to acquire the cryptocurrency exchange Bakkt. Retail investors in the U.S. are trying to profit from the often volatile trading trends, causing TMTG's stock price to surge over 15% on Monday (November 19), while Bakkt's stock price rose over 160%. The UK Financial Times reported that TMTG, under Trump, is in deep negotiations to acquire the cryptocurrency exchange Bakkt, which is owned by Intercontinental Exchange, to expand its business beyond online dialogue.
Binance expands support for ACT, NEIRO, and PNUT; will prices rise further?
The world's largest cryptocurrency exchange Binance expanded support for margin trading on Monday, adding three new USDC pairs. These new meme coin pairs, ACT I: AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO), are now available for cross margin and isolated margin trading on the platform. Binance Margin adds ACT, NEIRO, and PNUT trading pairs According to Binance's official announcement on November 18, Binance Margin has added three USDC trading pairs—ACT I: AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO). These trading pairs are now available for both cross margin trading and isolated margin trading, providing users with more leverage options.
Will Solana's price double as its dominance soars to new highs?
Solana's price surged to $244, with its dominance reaching an all-time high. As investor confidence grows, if SOL breaks past $245, its price could potentially double. The price of Solana soared to an intraday high of $244.56 on November 18, before dropping to $230.98 later that same day. This increase coincided with its market dominance reaching an all-time high, indicating growing investor confidence, which could lead to increased demand for SOL, potentially driving up the price. As of the time of writing, the price of SOL is $242.91, up 2.6% in the last 24 hours. The price of SOL is just inches away from its previous all-time high, and market observers are curious to see how much it can rise by 100% after breaking this barrier.
5 Reasons Bitcoin Price May See Significant Pullback Before $100,000
On-chain indicators and market sentiment suggest that Bitcoin price may face a 10-15% pullback, dropping below $80,000, before rising again to $100,000. With bulls keeping BTC above $90,000 at weekly close, Bitcoin investors have been anticipating the $100,000 level. However, the latest on-chain data and indicators suggest that Bitcoin price may face a significant pullback of 10-15%. This means the BTC price might first drop to $76,000 before recovering for the next round of rise to $100,000, which also aligns with technical chart patterns.
Meeting with Trump to discuss cryptocurrency policy? Ripple CEO's thought-provoking response ignites XRP surge
The upcoming change of the SEC chairman brings a glimmer of hope to the long-standing "Ripple case," and just as XRP is surging due to incentives, Ripple CEO Brad Garlinghouse provided a thought-provoking response regarding the rumors of "his meeting with Trump," further igniting market enthusiasm and driving XRP's weekly increase to 100%. Ripple CEO Brad Garlinghouse discussed his thoughts after Trump's victory in the U.S. presidential election during an interview with Fox Business last week and was asked about external speculation regarding "his meeting with Trump after the election to discuss cryptocurrency policy."