The A16z team anticipates full legalization of tokens in the USA, movements of assets have been recorded again in Mt. Gox crypto wallets, and the fear and greed index reached a seven-month high amid the rise of Bitcoin - these and other cryptocurrency news of the morning of November 11 are in our review
Behavior of cryptocurrencies - capitalization leaders
Bitcoin, according to TradingView, started Monday with a rise. As of 05:50 (MSK), the cryptocurrency is trading at $81,308. The minimum Bitcoin price over the past 24 hours was $77,022, and the maximum was $81,697.
The second largest cryptocurrency by market capitalization, Ethereum, also started the day with a slight increase. At the time of writing the review, the coin is trading at $3,199.
In the top 10 most capitalized cryptocurrencies, all coins except the stablecoin USDC showed positive dynamics over the day and the week. The best result over 24 hours (+29.28%) and seven days (+91.07%) belongs to Dogecoin.
In the top 100 most capitalized cryptocurrencies, the best result over 24 hours (+29.28%) and seven days (+91.07%) belongs to Dogecoin. Over the past 24 hours, Monero (-2.56%) lost value more than others. Over the week, all coins except the stablecoin USDC demonstrated positive dynamics.
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Main cryptocurrency news of the morning of November 11
Analysts from the crypto company A16z crypto believe that tokens could become 'legal and legitimate' in the USA due to new regulatory rules. Such predictions appeared in the organization's blog.
In connection with Donald Trump's reelection, venture company a16z crypto predicts a more favorable environment for the crypto industry. Changes, according to analysts, will allow developers to more confidently release tokens and develop innovative solutions on the blockchain.
In 2025, a16z aims to promote new regulatory initiatives and propose projects to reduce the liability risks of token holders as part of the development of the Decentralized Unincorporated Nonprofit Association (DUNA).
Bitcoin worth $2.24 billion was transferred from a cold wallet associated with the collapsed cryptocurrency exchange Mt. Gox to a new address. The asset movement was noted by Arkham Intelligence.
On the morning of Monday, November 11, from the wallet to which 30,371 BTC from Mt. Gox was previously transferred, 27,871 BTC ($2.24 billion) were sent to a new address and 2,500 BTC ($200 million) to the exchange's cold wallet. The movement of funds was recorded six days after the previous major transfer from Mt. Gox.
The transfers may be heralds of platform preparations for payments to creditors. It was previously reported that the trustees of the cryptocurrency exchange would begin distributing funds in 2025.
The cryptocurrency fear and greed index reached a seven-month high amid Bitcoin rising above $81,000. Yesterday, the metric reached 78%. By Monday, the index fell to 76%. Both marks indicate an extreme level of greed in the market.
The index helps assess the sentiments of crypto investors. Its growth was recorded against the backdrop of Donald Trump's presidential election victory in the USA. The politician promises to support the development of the crypto community.
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