Bitcoin Hits 93K New High! In a bull market, it's a good time to buy into altcoins and catch up, looking for four coins that could increase by 100 times.
On the 19th, Bitcoin hit a new all-time high, reaching $93,844, with more than a 3% increase in 24 hours. For the past ten days, Bitcoin has been fluctuating sideways, and based solely on Bitcoin's K-line chart, it is still difficult to see a significant downward trend.
Two possible predictions: 1. Before November 28, there may be another surge to a new high of 95,850, followed by a pullback. If it reaches a high before November 28, altcoins will also make a slight upward move, so be cautious about reducing positions. 2. A pullback before November 30, dropping below 86,000, is quite likely. If it pulls back to this level, it can be seen as a short-term buying opportunity for altcoins. Personally, I think it's difficult for it to drop very low because of the new situation with stablecoins, regulatory aspects after Trump's presidency, and overall market sentiment, making it hard to fall significantly. Therefore, a short-term pullback of a few thousand points is a good time to position; if it reaches a new high, reduce positions, while keeping a solid base. Of course, if you dislike short-term trading, you may consider reducing positions and waiting for the next best entry point.
Three years ago, you entered Ethereum with more than 4,000 U Then uninstalled the exchange Work hard and live seriously You believe in the future of crypto I heard people say that Bitcoin has reached over 90,000 these days. I heard that Ethereum is going crazy again I can't stop my tears from flowing. You're finally back. The exchange was opened under the watchful eyes of the whole family Looking at more than 3,000 Ethereum, I suddenly feel a little overwhelmed
Why is this happening? Why can’t Ethereum be hardened? In fact, from the perspective of currency price, Ethereum, which is already priced in Bitcoin, is steadily maintaining a downward trend:
Anyway, there are many different opinions, so what exactly happened to Ethereum?
In the current extremely greedy crypto market, can Ethereum, the “eternal runner-up”, rise?
Crypto market sentiment has entered a period of extreme greed! The Fear and Greed Index soared to 90 this week, reaching a state of extreme greed. Looking back over the past few years, there have been three occasions when the figure reached 90 or higher: The first was at the end of June 2019; the second was from the end of October 2020 to the beginning of February 2021; the third was at the beginning of March 2024. Among them, the first and third times soared to 90 and then quickly turned downward, and the market also reversed rapidly. Only from October 2020 to the first quarter of 2021, the Fear and Greed Index was in an extremely greedy state of over 90 for more than ten weeks, and the greed index reached a maximum of 95.
What has happened to Ethereum? Why is this round of cycles completely unable to keep pace with Bitcoin? The wind has really changed!
What has happened to Ethereum? Why is this round of cycles completely unable to keep pace with Bitcoin?
Is Ethereum really showing signs of decline? Is it difficult to replicate its former glory? Will a new round of paradigm innovation in the Crypto industry still occur within the Ethereum ecosystem? This article will take you back to the origin of the Crypto industry - Bitcoin, to reflect on Ethereum and the entire industry, and to explore where the path for the Crypto industry to regain vitality might lie.
1. Escaping Ethereum Inertia First of all, no one can completely deny Ethereum! Ethereum has its value and pioneering significance; smart contracts have indeed opened a new chapter for the entire crypto industry. At least before the birth of Ethereum, most projects in the crypto industry were just poor imitations of Bitcoin. They simply modified a few parameters of the Bitcoin code to create larger block Bitcoin, faster Bitcoin, privacy-focused Bitcoin, and so on. Essentially, they were just simplistic knockoffs of Bitcoin, and the concept of altcoins basically encapsulated all Crypto projects before the birth of Ethereum.
Double Kill! Bitcoin plunges after breaking $92,500, MicroStrategy invests another $4.6 billion to accumulate 51,000 BTC
MicroStrategy founder Michael Saylor, after announcing last week that MicroStrategy had increased its holdings by 27,200 Bitcoins, stated yesterday (18th) that MicroStrategy used $4.6 billion in funds to buy an additional 51,780 Bitcoins at an average price of $88,627! Bitcoin dipped to a low of $89,375 around 10 PM last night, then initiated a rebound, reaching a high of $92,644 around midnight. However, selling pressure emerged, causing Bitcoin to oscillate between $90,000 and $92,000, continually washing out positions. As of the time of writing, BTC is reported at $90,989, reflecting a 0.57% increase in the last 24 hours.
Whales jump on Dogecoin (DOGE), is a bull market coming?
Dogecoin (DOGE) is the world's largest meme token, and after consolidating for nearly a week, a significant upward rebound is expected. With DOGE's price movement and on-chain indicators supporting its bullish outlook, whales or institutions tend to accumulate funds within this sideways price range. Whale activity: Large transactions increase by 42% Recently, data from on-chain analysis firm IntoTheBlock has attracted significant attention from cryptocurrency enthusiasts. The firm stated that the large transaction volume for DOGE has surged by 42%, indicating that whales and institutions have conducted a large number of trades in the past 24 hours.
Bitcoin bull market has started, begin accumulating tokens that may surge 50-100 times!
It's Monday again, and the market can be said to be very good. The mid-term trend remains optimistic; be patient. Every pullback of Bitcoin is a buildup of strength, and it's time to focus on the tokens we are optimistic about! The weekly close in the morning shows a not-so-long upper shadow, indicating limited selling pressure above. After two consecutive weeks of strong bullish performance, there is a demand for a pullback to build strength. For those looking to buy altcoins at low positions, continue to watch for retracement opportunities around 87,000 - 86,000. Rising is not instant, but pullbacks often come more quickly, especially in a bull market which can have sharp drops, so during the upcoming pullbacks, do not panic.
XRP Price Breaks Out, Soon to Welcome an Unprecedented Surge!
In the last week or two, XRP's price has surged significantly. Why? There’s big news: Gensler has issued a public letter hinting that he may resign from the SEC soon. Since Donald Trump won the U.S. presidential election last week, rumors about Gensler's resignation have circulated in the market. Trump has publicly stated that he would fire Gensler once he is back in office, which has intensified the market's expectations for Gensler's departure.
For XRP, this potential change is undoubtedly a key factor in its explosive rise. Ripple has been in a legal battle with the SEC for nearly four years, and it can be said that they have been in opposition since Gensler took office. Gensler's resignation could not only benefit Ripple but also have profound implications for actions taken against other cryptocurrency companies during his tenure. If Gensler's successor adopts a more lenient policy towards the cryptocurrency industry, the market outlook for XRP could greatly improve, undoubtedly providing strong upward momentum for XRP's price. It feels like XRP is currently trying to break through two tough barriers. The first is $1.11, which it has reached before; the second is $1.26, which was also a previous closing high. However, XRP has hit a wall at $1.26, and it has become a tough nut to crack.
Musk's entry into the cabinet stimulates the "Trump deal"! Powell and the "horrible data" boost the strong dollar! Bitcoin outperforms gold by a large margin
On Sunday (November 17), Bitcoin continued to hover above $90,000. This week's strong performance significantly outperformed gold. Billionaire Elon Musk entered the cabinet to lead the US government's efficiency department, and the "Trump Trade" fermented again. Federal Reserve Chairman Powell said he was not in a hurry to cut interest rates, and supported by the US Consumer Price Index (CPI) and retail sales data, the strong dollar closed at 106.71, suppressing precious metal buying.
CPI, retail sales support the "Trump deal", and the US dollar and Bitcoin are the big winners On Wednesday, the U.S. released its “core” consumer price index (CPI), which strips out volatile costs such as food and energy, showing prices rose 3.3% in October for the third straight month. Then Thursday’s “core” producer price index (PPI) showed prices rose 3.1% in October, up from 2.8% the previous month and beating economists’ expectations of 3%.
According to the latest report from Reuters, two Democratic senators recently called on law enforcement agencies to investigate Musk, the founder of Tesla and SpaceX, because he had multiple calls with Russian officials. However, the report also pointed out that as Trump prepares to return to the White House, the above senators' call for a federal investigation is likely to be in vain. At this critical moment, Musk's SpaceX and artificial intelligence company xAI both have big news. Foreign media reported that SpaceX is in preliminary discussions to sell shares to insiders, which could value the company at about $255 billion. In addition, xAI is raising up to $6 billion at a valuation of $50 billion.
The market adjustment is over, will BTC reach 100,000 again? What is the logic of the rise of copycats? Which coins can be deployed in advance?
After Bitcoin stabilized at 89700 at night, it directly touched the first pressure level. It has now stabilized at the 4-hour level bullish position, indicating that this 4-hour level correction is over. The next step is to see if it can break through the previous high position. If it cannot break through the daily level, it will continue to fluctuate sideways at a high level! Pay attention to the position of 90890 today. As long as the 1-hour level does not fall below this position, the market will continue to rise. Pay attention to the upper pressure level near 91930-93400! If the 1-hour level falls below the support level of 90890 today, the 1-hour level will start to pull back, and the support level below should be around 90090-89430-88465! (As long as the 4-hour level does not fall below 89430, the small level will still go up)
OceansGallerie, the SUI public chain Web3 innovation platform that combines creativity and benefits, is fun and practical
OceansGallerie is an innovative Web3 platform running on the SUI public chain, combining AI-driven Meme creativity, decentralized task distribution and initial token issuance (IDO) to create an interactive ecosystem that is both fun and profitable for content creators, investors and community members. The platform promotes the sustainable development of the Web3 ecosystem through flexible task mechanisms, innovative NFT empowerment models and decentralized governance. As an open and vibrant digital space, OceansGallerie not only attracts existing Web3 users, but also aims to make billions of Web2 users (especially game users) around the world easily enter the SUI ecosystem through fun and operability, and gradually experience and understand the core mechanisms of Web3, including digital asset management, NFT acquisition, and token rewards. Through this dual guidance, OceansGallerie has successfully built a bridge that seamlessly connects Web2 and Web3, allowing users from different backgrounds to easily integrate into and enjoy the fun and value of the decentralized ecosystem.
Panic spreads in the once-in-four-years bull market? Is the 100,000 Bitcoin price coming to an end?
Bitcoin plunges sharply in the short term, the 100,000 mark becomes the focus, is the bull market over? The hidden wealth code is about to be revealed! After the big rise, the market entered a tense state. It seems that it has fallen into an awkward situation where all the good news has been exhausted. Whether it can break through the 100,000 mark has become the biggest focus of the market! The copycats have taken turns to exert their strength, and a hundred flowers have bloomed. The day before yesterday, Squirrel Coin PUNT exerted its strength and was listed on the Korean exchange. The single-day increase exceeded 300%, and a group of people's dreams of getting rich have come true. Recently, stories of crossing classes have been one after another in the currency circle, and some of them are from our community, which is very lively. According to the information I have collected so far, including the movements of some institutions, retail investors hold very few coins, and most people have sold them. Moreover, few retail investors buy or hold a large amount at this price. This may be because they have lost confidence in the market or because they can no longer withstand the market volatility.
The Bitcoin Meme Storm is Coming: Who will create the next legend in this feast of creativity and technology?
Innovation and Challenges in the Bitcoin Meme Craze: Who Will Become the Next Legend? As the dust settles on the US election, the Bitcoin Meme craze is sweeping the world at an alarming rate, attracting widespread attention from countless funds and communities. From the market fluctuations caused by the interaction between Trump and Musk to the continued surge in $DOGE and AI Meme concept sectors, Meme coins have become a force that cannot be ignored in the crypto market. In this craze, various Meme projects have sprung up, which makes people wonder: Who can stand out from this wave and become the next legend?
Trump urgently announces Musk's appointment to the cabinet! The "Bitcoin Strategic Reserve" bill appears in Congress. China's mysteriously missing giant whale wakes up and sells bitcoins
Bitcoin hit record highs this week, reaching a peak of $93,265, and then the price of the currency showed a healthy correction, continuing to build support in the process. The "Trump Trade" is still the key. Although the "hawkish" signal from Federal Reserve Chairman Powell that he was not in a hurry to cut interest rates was suppressed over the weekend, Trump's major announcement this week that Musk will lead the newly established Department of Government Efficiency (D.O.G.E.) and the Bitcoin Strategic Reserve Act appeared in the U.S. Congress boosted the Bitcoin and meme coin markets. As the price of the currency soared, many whales woke up to dump their goods, and the legendary figure Su Xing, who "mysteriously disappeared" in China, cleared his positions.
The world's youngest Bitcoin tycoon: bought Bitcoin at the age of 12 and had assets of one million at the age of 18. What did he do right?
At 12 years old, most kids would be obsessed with games, toys, and snacks, but Erik Finman made a different decision. When he received a $1,245 red envelope from his grandmother, he invested all the money into Bitcoin, which was only two years old, without any hesitation. At the time, Bitcoin was trading at just $12, and Finman used the money to buy a total of 103 Bitcoins. At that time, Bitcoin was not yet widely known to the public and was even regarded by many as an extremely risky investment. However, Finman took this crucial step with his keen intuition and courage. His decision was not accidental. Perhaps it was when his brother took him to the Occupy Wall Street protests and he first came into contact with Bitcoin, he was attracted by this emerging digital currency. From then on, his life was closely connected with Bitcoin.
Bitcoin falls back! The early bull market correction brings bargain hunting opportunities, and altcoins are about to rebound!
The market has entered a period of adjustment. Yesterday, Bitcoin once surged to around 91,800, but soon fell back to 86,700, falling 5,000 points in a short period of time. Ethereum also fell back to 3,020 after reaching a high of 3,242, falling 220 points. In the past 24 hours, more than 170,000 people in the market have been liquidated, with a total loss of more than $500 million. This also means that the bulls have suffered another loss of $300 million, while the amount of liquidation in the past few days is still around $500 million. This series of data shows that the overheated market sentiment still exists, and appropriate corrections are also a normal process of washing the market.
"The Fed is not in a hurry to cut interest rates"! Powell's latest statement, Tesla's market value evaporated 442.4 billion yuan overnight
According to Cailian Press, on Thursday local time, Federal Reserve Chairman Powell said that because the recent performance of the US economy is "very strong", the Federal Reserve does not need to be "rushed" to lower interest rates and will observe carefully to ensure that certain inflation indicators remain within an acceptable range. Powell hints at no rate cut in December "The economy is not sending any signals that we need to be in a hurry to lower interest rates, and the strength of the economy we are seeing right now gives us the ability to act cautiously," Powell said. He added that inflation is gradually approaching the Fed's 2% target, although it will experience some volatility at times. He reiterated the theme of "patience," saying, "If the data allows us to slow down the pace of rate cuts a little bit, that would seem to be a wise thing to do."
Memecoin mania heats up as Bitcoin hits all-time high - which coins are surging?
Dogecoin (DOGE)
Dogecoin has been on a meteoric rise recently. Its price increased by 142.33% in the past week. It has gained 270.35% in the past month and 175.71% in six months. This significant growth has attracted the attention of many investors. Currently, Dogecoin is trading between $0.18 and $0.33, close to its nearest resistance at $0.39, which is in line with its 10-day simple moving average. If it breaks above this point, the next resistance is at $0.54. The nearest support is at $0.0904, which will provide a cushion if the price drops.
The biggest Alpha in this bull market: Musk's trading drives DOGE and PUNT to skyrocket
Recently, Dogecoin has once again become the focus. Trump announced that he would appoint Musk as the leader of the newly established "Government Efficiency Department", which has the same name as Dogecoin and has brought about the Dogecoin craze. This article will explore the origin of the department, Musk's connection with Dogecoin, and the impact of this event on the crypto market. At 9:30 a.m. on November 13, Trump announced the appointment of Elon Musk to lead the Department of Government Efficiency (DOGE) to eliminate government bureaucracy, cut excessive regulation, cut wasteful spending, and reorganize federal agencies. Musk then released the logo of the Department of Government Efficiency and said it would "make government more interesting."