Intelligent Alpha is a $30 million investment fund where artificial intelligence (AI) fully takes on the role of making investment decisions. The company, founded and operated by Doug Clinton, uses a trio of AI – ChatGPT (OpenAI), Gemini (Google), and Claude (Anthropic) – as an investment committee to build and oversee portfolios.
AI at Intelligent Alpha has made successful investment decisions, such as shorting Boeing stock before the 737 MAX incident. Although focused on traditional finance, the company has begun experimenting with Bitcoin over the past year, predicting that if conditions are favorable, the value of Bitcoin could reach $140,000.

Bitcoin (BTC) is showing signs of strong growth as it is just a short distance from the important psychological mark of $100,000 on November 22. Co-founder of Material Indicators, Keith Alan, warned short sellers in a post on X that they should “prepare to be short squeezed” if shorts are at the current level.
The upward momentum of Bitcoin is supported by strong inflows into Bitcoin spot ETFs in the United States. Bloomberg's ETF analyst, Eric Balchunas, stated in a post on X that U.S. spot Bitcoin ETFs reached the $100 billion mark on November 21, accounting for 82% of the size of gold ETFs.

With a notable increase in recent days, Ripple's native token, XRP, has surpassed $1.50 for the first time since 2021. However, based on its price action and performance, it seems that the XRP rally may continue in the coming days until it reaches the next resistance level of $2.
After the recent price surge, XRP's market capitalization is now nearly equal to Binance Coin (BNB). It seems poised to soon surpass BNB and become the fifth largest cryptocurrency in the world. At the time of writing, XRP's market capitalization stands at around $91.42 billion, while BNB is at $91.76 billion – just $34 million more than XRP.

A new study from Coinwire reveals that most influencers in the crypto space on X have promoted worthless memecoin projects, highlighting the risks of relying on social media for investment advice.
Influencers causing investor failures
More than three-quarters (76%) of influencers in the crypto market on X have promoted memecoins that are no longer in existence. Furthermore, two-thirds of the memecoins they promoted are worthless. In contrast, the study found that only 1% of the 377 identified influencers promoted meme token projects that subsequently increased in value tenfold.

MicroStrategy's strategy of buying Bitcoin (BTC) has attracted attention from investors, but is it feasible in the long term? With plans to raise $42 billion over the next three years, this company is taking bold steps to fund its Bitcoin purchase campaign.
For individual investors, the issue is not just whether MicroStrategy's actions will push Bitcoin's price beyond $100,000, but whether this approach is stable or creating the risk of a financial bubble.

Bitcoin continues to set new highs at $99,014 after surging over 4% yesterday.

BTC Price Chart – 1 Day
U.S. Stocks
Futures contracts in the stock market slightly declined on Thursday evening as Wall Street prepared to close the week with gains for all three major indexes.
Futures contracts tied to the Dow Jones Industrial Average fell slightly by 14 points, less than 0.1%. S&P 500 futures contracts fell by 0.1%, while Nasdaq 100 futures contracts lost 0.2%.

It is often said that, in a gold rush, money is made by selling shovels.
This case also holds true for the current crypto market. As Solana (SOL) approaches an ATH, cryptocurrency exchanges, where users can access and trade virtual assets, are reaping a large portion of the revenue.
Although decentralized exchanges have higher growth rates compared to centralized exchanges, Coinbase still dominates a large portion of the crypto market in the United States, while Binance dominates the rest of the world. These exchanges earn money from trading fees and from Solana validators, but on-chain detectives have also found that these two exchanges are wasting their money with inefficient trading processes.

Have you ever only heard suggestions that are similar or closely aligned with your initial thoughts and ignored opposing suggestions from others? Perhaps everyone has encountered this situation to some extent, and some people frequently face such cases. In psychology, this emotional phenomenon is scientifically termed 'CONFIRMATION BIAS' - the confirmation effect.

The potential for Bitcoin (BTC) to reach a price of $100,000 has attracted the attention of investors for many years. While retail investors are often excited about such psychological milestones, the main impact comes from the acceptance of financial institutions and the development of the Bitcoin derivatives market.

Open interest in Bitcoin futures contracts, BTC
Currently, the open interest (OI) in the Bitcoin futures market stands at 626,520 BTC (equivalent to $58 billion), up 15% in the last two months, indicating growing interest in derivative products. If Bitcoin reaches the $100,000 mark, this open interest could rise to $62.5 billion, accounting for 3.1% of the total market capitalization of $2 trillion. This figure is significantly higher than the S&P 500 index, where open interest in the futures market is $817 billion, representing only 1.9% of the $43 trillion market cap.

Ether (ETH) has struggled to maintain above $3,200 from November 13 to November 20. However, on-chain metrics have improved, especially when compared to some of Ethereum's direct competitors. This raises questions among traders: How long will it take for Ether to regain its upward momentum, as it still maintains dominance in transaction fees and deposit volumes on the network?

Bitcoin continues its upward trend after closing the daily above $92,000, the highest level ever recorded.

BTC price chart – 1 day | Source: TradingView
U.S. stocks
Futures contracts in the stock market rose on Tuesday evening as investors looked forward to important earnings reports from tech giant Nvidia.
Futures contracts linked to the Dow Jones Industrial Average rose by 76 points, equivalent to about 0.2%. S&P 500 futures contracts increased by about 0.2%, while Nasdaq 100 futures also edged up by 0.2%.

Bitcoin (BTC) reached a record high price on Tuesday as Wall Street launched its latest product, an initiative that could enhance the popularity of this cryptocurrency in the financial sector: trading Bitcoin spot ETF options.
BTC price surged to a new all-time high of $94,040 before retreating to around $92,000 but still increased more than 2% on the day.

Bitcoin price peaks above $94,000 | Source: Coingecko

U.S. lawmakers have called on the Treasury Department to intensify efforts to investigate illegal financial activities conducted through Tornado Cash.
Representative Sean Casten from Illinois sent a letter to the Treasury Department last week, with the co-signature of five other Democratic representatives, emphasizing the urgency of the issue.
Increased pressure to prosecute Tornado Cash

Artificial intelligence company Genius Group has begun the process of converting a large portion of its financial reserves into Bitcoin, purchasing 110 Bitcoins worth $10 million, while also wanting to share this experience with other businesses.
According to a statement released on November 18, Genius Group executed the purchase at an average price of $90,932 per BTC. This is the first step in the company's long-term strategy to achieve its financial goals.

Bitcoin price is stabilizing at $91xxx today, during this time Bitcoin is undergoing a correction, there will be sellers and buyers at this price. Bitcoin has increased by $30k since October, indicating strong growth as well as interest from investors. Stability at this $91xxx level will be a correction or a sign of strong growth as new investors see the market's heat.

Bitcoin stabilized above the $90,000 range after a slight correction over the past two consecutive days.

BTC Price Chart - 1 Day
US Stocks
Futures contracts in the stock market fell on Monday night as investors awaited key earnings from retailers and chipmaker Nvidia this week.
Futures contracts linked to the Dow Jones Industrial Average
fell 0.08%. S&P and Nasdaq 100 futures lost 0.05%.

Bitcoin is trying to start the new week positively by surpassing the resistance at $92,000. The strong rise in recent days has not deterred long-term investors from continuing to buy. On November 18, MicroStrategy announced that it had purchased an additional 51,780 Bitcoins worth approximately $4.6 billion, with an average price of $88,627. This brings MicroStrategy's total Bitcoin holdings to 331,200 BTC.