Will Crypto Markets Keep Cranking When $2.8B Bitcoin Options Expire Today?
Around 29,000 Bitcoin options contracts will expire on Friday, Nov. 22, and they have a notional value of around $2.84 billion.
Today’s options expiry is slightly smaller in magnitude than last week’s, but spot crypto markets are on fire, with peak prices being hit by several assets.
A huge $9 billion expiry event will occur at the end of the month, next Friday.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 1.1. This is a rare scenario for BTC
Gensler’s Departure Turns Altcoins on Fire: Solana Hits ATH, XRP Up 25%
Crypto market capitalization surged to an all-time high of $3.44 trillion on Friday, Nov. 22. It has been primarily driven by Bitcoin, which topped $99,000 at a new all-time high as its dominance remains high at over 60%. However, several altcoins are also making big moves, with many showing double-digit growth today.
Solana (SOL) is the standout at the moment, hitting an all-time high of $263 on Friday morning, following an 11% gain on the day. Moreover, SOL has gained a whopping 160% so far t
XRP Army Rejoices Ripple’s 26% Daily Price Surge With Predictions of Up to $30 Per Coin
TL:DR;
Current SEC Chair Gary Gensler’s decision to move away from the agency pushed XRP to new local peaks of well above $1.4.
Ripple’s vocal community was quick to celebrate the development by outlining future price targets, some of which were quite outrageous, to say the least.
CryptoPotato reported Gensler’s announcement yesterday evening, in which the current SEC chair said he would step down from his position on the day Donald Trump will be inaugurated as the 47th president of the US –
Retail Investors Persist in Holding ETH Despite Asset’s Recent Surge: CryptoQuant
Since the Trump Trade narrative ran its course in the crypto market, several digital assets, including Ethereum, have surged in value; however, while most coins have seen investors take profits, the same cannot be said for ETH.
According to a CryptoQuant report by pseudonymous analyst Onatt, retail ETH investors appear to be holding their positions instead of taking profits, suggesting that many traders still see the cryptocurrency as undervalued.
South Korean Police Confirm North Korea Orchestrated the $50M Upbit Crypto Heist
South Korean investigators revealed that the 2019 Upbit cryptocurrency heist, which resulted in the theft of $50 million worth of ETH, was carried out by North Korean hacking groups Lazarus and Andariel, linked to the Reconnaissance General Bureau, which happens to be DPRK’s premiere intelligence organization.
Upbit, one of South Korea’s leading crypto exchanges, first reported the attack exactly five years ago. During the incident, 342,000 ETH, worth around $147 per ether, were stolen from the
New York Judge Approves Celsius’s Request to Serve Legal Notices Through NFT Airdrops
A Southern District of New York Bankruptcy Judge has approved Celsius Network’s request to serve legal notices via non-fungible token (NFT) airdrops.
Celsius, currently undergoing insolvency proceedings, seeks to recover funds from allegedly fraudulent transfers to unidentified digital wallets.
Alternative Solution
Following its bankruptcy, the company sued to void the fraudulent transfers and recover additional funds for its creditors. However, due to the anonymous nature of cryptocurrency t
Ripple (XRP) Price Pumps 5% Following News That Gary Gensler Will Quit
The Chairman of the US Securities and Exchange Commission, Gary Gensler, took to X to announce that he will be stepping down from his position on January 20th, 2025.
Gensler published a thread on his account on X, confirming what many already suspected. He will step down from his position on January 20th – the day Donald Trump is to be inaugurated as the 47th President of the United States.
“The SEC is a remarkable agency. The staff & the Commission are deeply mission-drive, focused on protect
SEC Chairman Gary Gensler Confirms He Will Step Down in January
Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), confirmed on Thursday that he will be stepping down from his role starting in January.
Gensler confirmed the news in an announcement on Twitter and a post to the SEC’s website, saying it had been an “honor of a lifetime” to “ensure that our capital markets remain the best in the world.”
“I thank President Biden for entrusting me with this incredible responsibility,” Gensler added. “The SEC has met our mis
Sui Network Suffers Outage Due to Bug in Transaction Scheduling Logic
Sui Network suffered a major disruption on November 21st after failing to produce blocks on its mainnet, which effectively brought the blockchain to a standstill.
Following a two-hour downtime, the network resumed operations, once again processing transactions.
Sui Network Restored After Downtime
According to the official announcement by the team behind the Layer 1 network, the outage was caused by a bug in the transaction scheduling logic that led to validator crashes.
Growing Whale Activity Sent Bitcoin Above $98K but Can BTC Reach $100K?
Bitcoin skyrocketed above $98,000 on Thursday, hitting a new peak as its market cap neared $2 trillion. Investor optimism surrounding Donald Trump’s presidential win has sparked speculation that his leadership could lead to crypto-friendly policies, which has contributed to the surge. As a result, the leading cryptocurrency has gained over 44% since the November 5 election, breaking record after record.
The price increase has been fueled, in part, by significant accumulation activity observed a
Major Warning By the Shiba Inu (SHIB) Team About Another Dangerous Scam: Details
TL;DR
Scammers are impersonating SHIB developers to promote fake tokens. Users are cautioned to verify sources and avoid sharing personal info.
Fraudsters exploit the Shiba Inu community due to its large, active base, especially during market rallies.
‘Urgent Shibarmy Alert’
Shibarium Trustwatch – an X account dedicated to exposing scams in the Shiba Inu ecosystem and protecting users – sounded the alarm again. The team claimed that bad actors use Shytoshi Kusama’s name (the lead developer o
Ethereum Price Analysis: ETH Pumps 5% Today, Watch This Level Next
Ethereum’s recent price movements highlight a period of consolidation following its rejection near the significant $3.5K resistance level.
This phase suggests a potential pullback to the $3K region, coinciding with the 200-day moving average, which could serve as a platform for the next bullish leg.
Technical Analysis
By Shayan
The Daily Chart
Ethereum has shown remarkable bullish strength, breaking above the $3K resistance zone, now a key support level. The cryptocurrency’s positioning abo
Ripple Price Analysis: Is XRP on the Verge of a Massive Rally?
Ripple has seen a slight rejection at the crucial $1.3 resistance, leading to a temporary period of consolidation. Nevertheless, a continuation of the corrective phase is expected for the short term, with the price’s primary target being the $0.9 support region.
XRP Price Analysis
By Shayan
The Daily Chart
Ripple recently surged to test the critical $1.3 resistance zone, a level closely aligning with its prior all-time high. This price range is pivotal, as reclaiming it could open the path t
Bitcoin Price Analysis: BTC Explodes to New ATH, Is $100K Next Today?
Bitcoin is on the verge of reaching $100K. To many, this may seem like the ultimate milestone and it’s been one that investors have been looking forward to for a long time.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
In terms of daily timeframe, it is evident that the price has been rapidly climbing since the beginning of November.
It has already broken past multiple resistance levels, including $90K.
Meanwhile, as the price approaches $100K, the Relative Strength I
After Bitcoin, This Altcoin Could Pump Next According to Social Trends: Santiment
Due to Bitcoin’s persistent rally over the past week, the cryptocurrency’s market cap is a few steps away from hitting $2 trillion, and social media is abuzz with excitement.
A tweet by on-chain analytics platform Santiment revealed that social media is bustling with speculation on which cryptocurrencies may experience top isolated rallies in the coming weeks. As a result, a few crypto assets are trending, with users analyzing their possible upward trajectory as the bull cycle continues.
This Meme Coin Becomes the Latest Sensation After Exploding By 4,000% in 3 Days
TL;DR
A new dog-themed meme coin has seen its price explode in the last few days, and its market cap briefly exceeded $450 million.
Its rapid growth showcases the potential for high profits in the meme coin sector, but the extreme volatility poses significant risks for traders.
Another Rockstar
The meme coin sector frequently spews tokens that become sensations in mere days. The Solana-based Chill Guy (CHILLGUY) is the latest to make the headlines.
BTC Price Aims At $100K As Spot Bitcoin ETF AUM Exceeded $100B (Market Watch)
Another day, another all-time high for bitcoin, which came just two grand away from tapping the coveted $100,000 price tag.
At the same time, many altcoins have turned red, including ADA, SUI, and numerous meme coins, unlike other alts with a connection to bitcoin.
Will $100K Fall Today?
It has been nothing short of a mind-blowing few weeks ever since Donald Trump won the US presidential elections on November 5. Since then, the primary cryptocurrency broke its March 2024 all-time high of $73,
Shiba Inu (SHIB) Could Pump By Over 50% If It Surpasses This Major Resistance Level (Analyst)
TL;DR
Shiba Inu (SHIB) may see a solid price jump if it clears the $0.000025 resistance.
The burning mechanism could also push the valuation up. The destroyed tokens in the last 24 hours equal over 11.5 million.
New Rally Under This Condition?
As CryptoPotato reported earlier, the meme coin sector has suffered a substantial pullback, with numerous tokens nosediving by double digits on a 24-hour scale. The second-largest in terms of market cap – Shiba Inu (SHIB) – has also underperformed, alb
Bitcoin Market Cap Approaches $2 Trillion, Targets Amazon and Alphabet
Bitcoin’s market capitalization hit an all-time high of $1.93 trillion on Thursday, Nov. 21, when the asset reached a record high of $97,850.
This means that its market cap is now larger than the world’s sixth-largest company, Saudi Aramco, and just $230 billion behind e-commerce giant Amazon.
The firm, also known as the Saudi Arabian Oil Group, is a majority state-owned petroleum and natural gas company and the national oil company of Saudi Arabia.