Here are the main cryptocurrency market news for the period November 11-17, 2024:
Bitcoin set an all-time high above $93,000
$BTC , surpassing $93,000, thanks to increased institutional investment and positive sentiment following the US election. Net investment in crypto products reached $1.98 billion for the week, and total assets under management increased to a record $116 billion. This highlights support from new ETFs and macroeconomic conditions.Altcoin activity: new records for Solana and Ripple
Solana reached new highs against Ethereum, showing strong growth momentum. Ripple came close to ending the court case with the SEC, which had a positive effect on the rate $XRP , which has increased significantly.Memecoins continue to grow
Dogecoin and Shiba Inu showed strong growth, on the background of news about the possibility of integration into real business. The combined market capitalization of meme-coins has exceeded $90 billion.4. BlackRock sets record with Bitcoin ETF
The BlackRock fund reached $40 billion in assets in a record short time. This is a trend about the active interest of investors in regulated crypto products and supports the trend of institutional entry into the market5. Expansion of institutional influence on the crypto market
In Singapore, 57% of institutional investors said they increased their investments in cryptocurrencies because of their long-term potential. This demonstrates increased confidence in the market on the part of financial institutionsThe article is based on materials from Binance, Cointelegraph and News.abplive.