Cryptocurrency Market | November 23, 2024

📌 Market cap: 3.28 Trillion $ 📈
📌 BTC dominance: 59.5% 📉
📌 ETH dominance: 12.2% 📈
📌 Fear and Greed Index: 93📉 (Greed)

#BTC = 98.515 $
#ETH = $3.374

🔴BREAKING: Bitwise, VanEck, 21Shares and Canary Capital have filed for spot Solana ETFs in the US after SEC Chairman Gary Gensler announced that he will resign effective January.

$ETHUSDT 2 Different formations meet at the same point 4.150$ The max point for ETH appears in these formations. [YTD]

Some notes for Shiba Inu (SHIB):
📌Shiba Inu saw a significant price increase in November.

📌SHIB could increase in value if Bitcoin reaches $100,000.

📌Analysts predict SHIB could rise to $0.000037.

Cryptocurrency Market | November 22, 2024

📌 Market value: 3.20 Trillion $
📌 BTC dominance: 60.7%
📌 ETH dominance: 11.8%
📌 Fear and Greed Index: 94 (Greed)

#BREAKING🔴
SEC Chairman Gary Gensler to resign on January 20

‼️SUI Network has released a statement:
The Sui network is currently experiencing an outage and is not processing transactions. We have identified the issue and a fix will be released shortly. We thank you for your patience and will continue to provide updates.

Shock Outage on Sui Network! Users Cannot Transact!
📌Sui Blockchain stopped block production as of 12:15 GMT and the network was interrupted.
📌While it is thought that the problem may be caused by the validator, the team and the community are working on a solution.
📌The prolonged outage caused concerns among users and investors.

#ICPUSDT Internet Computer Protocol (ICP) has recently started to give good formations, again with the falling wedge formation, the target price is $10.54 according to this formation. The following process will be priced outside the formation. YTD

Cryptocurrency Market | November 21, 2024

📌 Market value: 3.10 Trillion $
📌 BTC dominance: 59.9%
📌 ETH dominance: 11.9%
📌 Fear and Greed Index: 82 (Greed)

$SOLUSDT Wedge formation is giving us a current bearish signal, we need to be careful. $SOL

Solana-based DApps have seen a surge in activity amid the memecoin resurgence, generating record fees and revenues. 📌 SOL nears all-time high of $242, while Solana’s market cap climbs to $112 billion and trading fees reach $11.84 million

📌 Solana’s largest DEX, Raydium, leads the pack with around $15 million in daily fees, followed by Jito ($15.5 million) and Photon ($3.07 million)

📌 Memecoins like Peanut (PNUT) and Dogwifhat (WIF) saw big gains, with PNUT up 2,700% and WIF reaching $4.19 after listing on Coinbase

📌 Institutional investments in Solana DApps hit $173 million in Q3, highlighting strong interest in the ecosystem despite a slight decline in trading volume

Trump Assembling a Crypto Team in the White House:

📌 President Trump’s team is considering creating the first crypto unit in the White House.

📌 While details on the strength and scope of the team are not clear, it could be tasked with keeping government agencies engaged on crypto.

📌#Trumphas clearly said he will lift regulatory pressure on crypto and make the US the capital of crypto innovation.

Binance founder CZ praised Michael Saylor’s latest presentation, saying that a global race is underway to accumulate Bitcoin as a strategic reserve.

CZ emphasized that countries that print money to buy Bitcoin do not have the luxury of being left behind, warning that “No one can afford to be the last!”

US-based cryptocurrency exchange Gemini is launching in France amid a supportive regulatory environment and growing interest in digital assets.

The move comes as France has emerged as one of the leading pro-crypto countries, with the EU’s MiCA regulations coming into force, with the share of cryptocurrency holders reaching 18%.

#PEPEUSDT My prediction based on the Pepe triangle pennant formation and the breakout direction is as shown in the chart.

⚠️ #ETH is losing investor interest due to market bets that it will return to $4k by the end of the year.

🚨Reminder:

The US Producer Price Index (PPI) will be released today at 16:30.
•Expectation: 0.2% •Previous: 0.0%

The US unemployment claims will be released today at 16:30.
•Expectation: 224K •Previous: 221K

🗣️Fed Chair Powell will give a speech today at 23:00.

The UK will announce plans to regulate the cryptocurrency sector this month, as the cryptocurrency sector has gained increasing traction under the US-elected administration of Donald Trump.

The regulation aims to address the risk of UK start-ups moving to other jurisdictions, such as the US, where rules may be more favourable.