Bitcoin surges past $87,865, with a market cap of $1.74T and dominance at 58.98%, driven by rising institutional interest.

Ethereum hits $3,330 with a $401B market cap, fueled by strong derivatives activity and growing market engagement.

Dogecoin spikes 21.42%, reaching $0.33 as trading volume soars, while Shiba Inu faces mixed performance with bearish signals.

The global crypto market cap surged, led by Bitcoin (BTC), Ethereum (ETH), and memecoins (MEME). Trading volumes and investor sentiment also show an uptick. Market participants watch key metrics to predict potential next moves.

Bitcoin Hits New Highs Amidst Growing Dominance

Bitcoin rose to $88,339, an almost 10% increase in the last 24 hours. Its market cap is $1.74 trillion, which solidifies Bitcoin’s dominance at 58.98%. Trading volume increased by 17.46% to $109 billion.

Source: TradingView

Moreover, Bitcoin’s Relative Strength Index (RSI) stands at 82.79, indicating overbought conditions. However, the bullish trend persists as institutional interest drives futures volumes and open interest. Furthermore, Bitcoin exchange balances continue to shrink, hinting at reduced selling pressure.

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The post Crypto Market Cap Surges: Bitcoin, Ethereum, and Memecoins Lead appeared first on Coin Edition.

The 13th Essay Project @BounceBit Introduction:

BounceBit is a public blockchain utilizing a dual-token PoS model, built on the security of BTC and fully compatible with EVM. Its mission is to offer high-yield products and diverse financial applications through an innovative CeDeFi (centralized and decentralized finance hybrid) approach.
BounceBit achieves seamless connectivity between CeFi and DeFi by introducing Liquidity Custody Tokens (LCTs), which convert users' CeFi earnings into on-chain liquidity assets, supporting DeFi applications like re-staking and Meme Launchpad. BounceBit also partners with Ceffu, enabling safe interest income through CeFi channels, further enhancing user profitability.
Through its CeDeFi infrastructure, BounceBit provides institutional-grade products and services to cater to diverse user needs. The BounceBit chain is ideal not only for personal financial management but also for asset growth and management by institutional users. With its robust dual-token structure and extensive cross-chain interoperability, BounceBit offers users a seamless CeDeFi experience, empowering them to access high-yield CeFi and DeFi investment opportunities.
BounceBit has been continuously building around CeDeFi applications, enriching its offerings, including CeDeFi-as-a-Service, cross-chain asset management, and a decentralized yield model based on LCTs. BounceBit is committed to pioneering CeDeFi innovations, creating a secure, stable, and efficient financial environment for users worldwide.

Steps for Participation:
Step One: Follow @BounceBit on Binance Square.Step Two: Join the article competition hosted by @BounceBit Use the hashtag #BBCeDeFi to share your original insights on CeDeFi, highlighting BounceBit’s unique application scenarios and future potential within the crypto ecosystem. Outstanding posts will have a chance to win rewards.
We look forward to your unique perspectives on how BounceBit is advancing CeDeFi, as well as your insights on stablecoin yield products, decentralized finance integration, and ecosystem development. Share your vision of CeDeFi’s future, and explore how BounceBit bridges traditional finance and the decentralized world!

Your post must include the token tag $BB and can cover topics such as:
BounceBit as a CeDeFi Platform: Introduce BounceBit’s unique role and technical strengths within the CeDeFi ecosystem. Discuss how cross-chain and smart contract technology allow seamless integration between traditional and decentralized finance, and how BounceBit ensures security and transparency for user funds.Stablecoin Yield Products: Discuss how BounceBit’s stablecoin yield products offer competitive returns for users, and describe how these products create efficient, secure asset growth within CeDeFi. Share how the BounceBit platform lowers barriers between traditional and decentralized finance, providing accessible financial services.Auto Yield Management: Explore how the BounceBit platform utilizes smart contract automation for transactions and yield distribution, creating an efficient yield management experience. Share your views on its potential in CeDeFi, especially in enhancing yield management and transaction efficiency.Cross-Chain Interoperability: Discuss how BounceBit leverages cross-chain interoperability to enhance liquidity and scalability within CeDeFi, bolstering the stability and usability of decentralized financial networks. Share your insights on cross-chain technology in CeDeFi and its potential to enable seamless asset flows across blockchain ecosystems.BounceClub: A diverse ecosystem that creates new user interaction experiences and use cases for $BB. Share your experience and thoughts on the BounceClub ecosystem, as well as its growth and opportunities for expansion.

Step Three:
Share your platform post on your social media (e.g., X) and tag @BounceBit using the hashtag #BBCeDeFi . Encourage your social media followers to comment, like, and share your post to increase exposure and engagement!

Event Rules:
At the end of the event, we will select the top 50 posts with a minimum of 300 characters from those that meet the topic criteria and distribute 57,000 in BB tokens based on views, with rewards ranging from 505 to 2250 BB.

Views > 6,000 earn 505 BB tokens (25 winners).Views > 12,000 earn 1,400 BB tokens (15 winners).Views > 20,000 earn 2,250 BB tokens (10 winners).

All content must be posted by 12:00 (UTC+8) on November 18, 2024. Only content meeting the submission requirements will be selected, and content including unrelated tokens or modifications post-publication will be disqualified.

Please review the rules and terms carefully:
Only content related to #BBCeDeFi (including posts and articles) published during the activity period will qualify as eligible content.Ensure content relevance is at least 70%; any misuse of hashtags or posting unrelated content will lead to disqualification from the activity. Content with misleading or clickbait headlines and introductions will not qualify for rewards.Only new, original content is eligible. Previously submitted works do not qualify.Do not include auxiliary features such as Q&A red packets.You may publish multiple quality posts to increase your chances of winning.Users must have published ≥ 1 post in the past 30 days to be eligible to participate.Rewards will be issued to your account within 20 business days. Users can view their rewards in “Funds” > “Funding Wallet.”All eligible winners will receive a notification from Square Assistant in the Creator Center.Binance reserves the right to disqualify any account violating the platform's community guidelines or terms.Binance reserves the right to interpret the final event rules and modify terms without prior notice.Binance reserves the right to independently decide and/or modify or amend these terms and conditions at any time without prior notice. This includes, but is not limited to, the cancellation, extension, termination, or suspension of the activity, changes to eligibility terms and criteria, the selection and number of winners, and the timing of any actions taken. All participants are subject to these amendments. Binance reserves the final right of interpretation for this activity. 

Disclaimer: All content on Binance Square is presented on an “as is” basis for information purpose only (without representation or warranty). Binance Square includes content posted by third parties, which shall not be construed as endorsement by Binance of such views. No content shall be construed as financial advice. See Terms of Use for more information.