Bitcoin continues to set new highs at $99,014 after surging over 4% yesterday.

BTC Price Chart – 1 Day
U.S. Stocks
Futures contracts in the stock market slightly declined on Thursday evening as Wall Street prepared to close the week with gains for all three major indexes.
Futures contracts tied to the Dow Jones Industrial Average fell slightly by 14 points, less than 0.1%. S&P 500 futures contracts fell by 0.1%, while Nasdaq 100 futures contracts lost 0.2%.

It is often said that, in a gold rush, money is made by selling shovels.
This case also holds true for the current crypto market. As Solana (SOL) approaches an ATH, cryptocurrency exchanges, where users can access and trade virtual assets, are reaping a large portion of the revenue.
Although decentralized exchanges have higher growth rates compared to centralized exchanges, Coinbase still dominates a large portion of the crypto market in the United States, while Binance dominates the rest of the world. These exchanges earn money from trading fees and from Solana validators, but on-chain detectives have also found that these two exchanges are wasting their money with inefficient trading processes.

Have you ever only heard suggestions that are similar or closely aligned with your initial thoughts and ignored opposing suggestions from others? Perhaps everyone has encountered this situation to some extent, and some people frequently face such cases. In psychology, this emotional phenomenon is scientifically termed 'CONFIRMATION BIAS' - the confirmation effect.

The potential for Bitcoin (BTC) to reach a price of $100,000 has attracted the attention of investors for many years. While retail investors are often excited about such psychological milestones, the main impact comes from the acceptance of financial institutions and the development of the Bitcoin derivatives market.

Open interest in Bitcoin futures contracts, BTC
Currently, the open interest (OI) in the Bitcoin futures market stands at 626,520 BTC (equivalent to $58 billion), up 15% in the last two months, indicating growing interest in derivative products. If Bitcoin reaches the $100,000 mark, this open interest could rise to $62.5 billion, accounting for 3.1% of the total market capitalization of $2 trillion. This figure is significantly higher than the S&P 500 index, where open interest in the futures market is $817 billion, representing only 1.9% of the $43 trillion market cap.

Ether (ETH) has struggled to maintain above $3,200 from November 13 to November 20. However, on-chain metrics have improved, especially when compared to some of Ethereum's direct competitors. This raises questions among traders: How long will it take for Ether to regain its upward momentum, as it still maintains dominance in transaction fees and deposit volumes on the network?

Bitcoin continues its upward trend after closing the daily above $92,000, the highest level ever recorded.

BTC price chart – 1 day | Source: TradingView
U.S. stocks
Futures contracts in the stock market rose on Tuesday evening as investors looked forward to important earnings reports from tech giant Nvidia.
Futures contracts linked to the Dow Jones Industrial Average rose by 76 points, equivalent to about 0.2%. S&P 500 futures contracts increased by about 0.2%, while Nasdaq 100 futures also edged up by 0.2%.

Bitcoin (BTC) reached a record high price on Tuesday as Wall Street launched its latest product, an initiative that could enhance the popularity of this cryptocurrency in the financial sector: trading Bitcoin spot ETF options.
BTC price surged to a new all-time high of $94,040 before retreating to around $92,000 but still increased more than 2% on the day.

Bitcoin price peaks above $94,000 | Source: Coingecko

U.S. lawmakers have called on the Treasury Department to intensify efforts to investigate illegal financial activities conducted through Tornado Cash.
Representative Sean Casten from Illinois sent a letter to the Treasury Department last week, with the co-signature of five other Democratic representatives, emphasizing the urgency of the issue.
Increased pressure to prosecute Tornado Cash

Artificial intelligence company Genius Group has begun the process of converting a large portion of its financial reserves into Bitcoin, purchasing 110 Bitcoins worth $10 million, while also wanting to share this experience with other businesses.
According to a statement released on November 18, Genius Group executed the purchase at an average price of $90,932 per BTC. This is the first step in the company's long-term strategy to achieve its financial goals.

Bitcoin price is stabilizing at $91xxx today, during this time Bitcoin is undergoing a correction, there will be sellers and buyers at this price. Bitcoin has increased by $30k since October, indicating strong growth as well as interest from investors. Stability at this $91xxx level will be a correction or a sign of strong growth as new investors see the market's heat.

Bitcoin stabilized above the $90,000 range after a slight correction over the past two consecutive days.

BTC Price Chart - 1 Day
US Stocks
Futures contracts in the stock market fell on Monday night as investors awaited key earnings from retailers and chipmaker Nvidia this week.
Futures contracts linked to the Dow Jones Industrial Average
fell 0.08%. S&P and Nasdaq 100 futures lost 0.05%.

Bitcoin is trying to start the new week positively by surpassing the resistance at $92,000. The strong rise in recent days has not deterred long-term investors from continuing to buy. On November 18, MicroStrategy announced that it had purchased an additional 51,780 Bitcoins worth approximately $4.6 billion, with an average price of $88,627. This brings MicroStrategy's total Bitcoin holdings to 331,200 BTC.

In this section 7, we will discuss a type of psychology that causes people to overestimate the assets they own compared to their actual value or the value they would be willing to pay if they did not own them. This is a form of cognitive bias; in psychological development, they will feel more loss than joy, even though the values gained and lost are equivalent. The characteristic of this effect is based on the ownership of the asset. And the name of this effect is "Endowment Effect".

The Japanese corporation Metaplanet has just announced the issuance of a new series of bonds worth 1.75 billion yen (about $12 million).
Each bond is offered at a price of 43.75 million yen (equivalent to $283,031) and has an interest rate of 0.36% for 1 year. This series of bonds is expected to mature on November 17, 2025.
Metaplanet Issues ¥1.75 Billion in 1-year 0.36% Bonds, Proceeds to Fund Additional Purchases of $BTC pic.twitter.com/Jv3IEylplA

Bitcoin recorded its third consecutive week of growth as President Trump's victory helped boost the market. However, the upward momentum seems to be gradually cooling.

BTC Price Chart – 1 Week
US Stocks
Futures market stocks saw a slight increase on Sunday night as Wall Street anticipates a week of earnings reports and monitors a seemingly stalling post-election price surge.
Futures contracts linked to the Dow Jones Industrial Average fell by 16 points, less than 0.1%. S&P futures rose by 0.1%, while Nasdaq 100 futures increased by 0.2%.

The "Fear and Greed" effect, on Binance there is a function that measures the market's greed and fear index. So have you ever learned what greed and fear are? Today, a new friend who joined the market asked me, so I wrote this article.
Coming to the concept first, what is greed? and what is fear? How does its behavior occur? What are its effects?

I see a psychological effect that I often have, if you have it, please comment to show your feelings and see if it is the same as mine. And the main character today is the psychological effect "Anchoring effect". Why is it called the anchoring effect? ​​This is a psychology that when someone is exposed to a new concept, they will often believe and attach themselves to the first information they receive. It is likened to an "anchor" fixed at a point, if strongly influenced by this psychological effect, it will be very difficult to shake their thoughts and ideas about that concept.

Ether (ETH) showed a strong 29% price surge last week, surpassing the $3,000 mark for the first time since August. However, the rally has slowed down despite Bitcoin (BTC) gaining 13% in the past few days.

ETH/USDT Weekly Chart
While Ethereum price has only increased by 0.66% since November 11, data shows that whales are looking at current prices as an opportunity for long-term accumulation.
“New” Whale Buys $23.44 Million ETH

People often regret the things they have spent time, love, money and effort on. For example, I had a 5-year relationship. Even though I felt like I had run out of feelings, I still continued because I regretted spending time, money and youth on that relationship.
After reading that analysis, I felt like I was also in that situation in investing and after learning that in investing there is an effect called Sunk Cost. This is a type of psychology that makes investors continue to invest in a project even though it is losing money just because they have put their money, time, effort, and passion into it. Even though their reason tells them that "this project will continue to go down", the "animal" part of them still chooses to continue investing and then they lose. This is called "Sunk Cost".

According to a new report from Bloomberg, Republican Senator Cynthia Lummis of Wyoming has proposed a policy that would sell a portion of the Federal Reserve’s gold to buy one million Bitcoins to create a Bitcoin reserve strategy. The senator, an ally of President Trump, proposed this proposal to fill the Bitcoin reserve — a strategy proposed by the president-elect — without costing the government money.