Bitcoin "crazy price surge" as it reaches the milestone of 90,000 USD 1. Bitcoin's record increase to over 89,000 USD has pushed the overall value of the cryptocurrency market past the pandemic-era peak. Since the U.S. election on November 5, Bitcoin has risen about 32%, reaching a high of 89,933 USD. 2. Trump has announced he will implement friendlier rules for cryptocurrency assets and the Republican Party is strengthening control over Congress, increasing the chances of pushing his policies. Other promises from Trump include establishing a strategic Bitcoin reserve fund and promoting domestic mining to make the U.S. the global cryptocurrency capital. His stance contrasts with the SEC's crackdown on the cryptocurrency industry under Biden. 3. This change in attitude has spurred both large and small speculative token buying, raising the total value of cryptocurrency assets to about 3.1 trillion USD, according to CoinGecko. 4. Additionally, Bitcoin's current strength signifies gold's weakness.
At 12:30 PM on November 10, 2024, Bitcoin (BTC) reached an all-time high price of $79,654 USD/BTC, equivalent to approximately 2 billion 13 million VND for each BTC. Afterwards, the price of BTC decreased slightly. Compared to the price of $0.0001 USD/BTC in July 2009, Bitcoin has increased nearly 800 million times. If an investor had purchased $2 worth of Bitcoin at that time, they would now own assets worth approximately $1.6 billion.
The recent surge in the cryptocurrency market, especially Bitcoin, is closely related to Donald Trump's victory in the 2024 U.S. presidential election and strong support from billionaire Elon Musk.
• Cryptocurrency-friendly policies: Mr. Trump has pledged to turn America into a "Bitcoin superpower" and has proposed the establishment of a strategic Bitcoin reserve, instilling confidence in investors about a favorable legal environment for cryptocurrencies.
• Financial and media support: Elon Musk has significantly contributed to Mr. Trump's campaign, including establishing "America PAC" and using the social media platform X to rally voters. • Impact on Dogecoin: Musk's comments about Dogecoin during campaign events have driven the value of this coin to surge.
Conclusion:
The combination of Donald Trump's victory and support from Elon Musk has created a favorable environment, boosting investor confidence and contributing to strong growth in the cryptocurrency market recently. $BTC $ETH
SAGA PROTOCOL Saga Protocol is a project that provides blockchain building services for applications. In other words, Saga is a blockchain network used to launch other blockchains, referred to as "Chainlet" within the Saga ecosystem. Chainlet is secured by Saga's validators through a mechanism called Interchain Security, a common security system from Cosmos.
In April 2025, a large amount of token $SAGA will be unlocked.
From now until then will be a strong bullish wave of altcoins, SAGA will experience a strong bullish wave to gather liquidity before the unlock.
Good buying zone: 1.6 - 1.8 Good selling zone: Above 3.4
Pyth Network competes for oracle market share with Chainlink
Pyth Network is an oracle project that has attracted over 50 major partners worldwide, providing valuable data sources, integrating multiple protocols, AMMs, Derivatives, and a host of other dApps with data provided reliably with a latency of under 1 second. #PYTH is a direct competitor of #LINK
The oracle provider Pyth Network has surpassed Chainlink in 30-day trading volume despite having a lower total value secured (TVS). This shift may be due to Pyth Network's pull-based oracle model. This model only provides data on demand rather than updating frequently, unlike Chainlink's push-based model. Pyth Network's approach is optimized for high-frequency activities, such as trading, where real-time data access is critical. #Write2Earn! $PYTH
Pyth Network competes for oracle market share with Chainlink
Pyth Network is an oracle project that has attracted over 50 major partners worldwide, providing valuable data sources, integrating multiple protocols, AMMs, Derivatives, and a host of other dApps with data provided reliably with a latency of under 1 second. #PYTH is a direct competitor of #LINK
The oracle provider Pyth Network has surpassed Chainlink in 30-day trading volume despite having a lower total value secured (TVS). This shift may be due to Pyth Network's pull-based oracle model. This model only provides data on demand rather than updating frequently, unlike Chainlink's push-based model. Pyth Network's approach is optimized for high-frequency activities, such as trading, where real-time data access is critical. #Write2Earn! $PYTH