According to on-chain data, a major crypto whale sold SOL and bought two altcoins.


It seems that a major crypto whale has also joined the growing memecoin trend.

According to on-chain data from Lookonchain, the whale sold $2.7 million worth of Solana (SOL) and used the funds to buy DogWifhat (WIF) and Bonk (BONK).

The whale spent $1.57 million from selling SOL to buy WIF at an average price of $3.87, and the remaining $1.13 million to buy BONK at an average price of $0.0000387.

The latest data shows that WIF is currently trading at $3.99, while BONK is trading at $0.00003782. This means that the whale wallet has made a profit from WIF, but a loss on BONK.

The memecoin craze is particularly prominent in the Solana ecosystem. The PNUT token, despite its recent launch, has already reached a market cap of $1.82 billion, and is one of Solana’s notable altcoins
$SOL $WIF $BONK #binance #Solana🚀

Tether minted 5 billion USD of USDT stablecoin last week amid Bitcoin's price surge approaching $90,000.


Data from the blockchain analytics platform SpotOnChain shows that Tether began this series of USDT issuances with 1 billion USD minted on November 6, contributing to Bitcoin reaching an all-time high of $76,200.

Subsequently, the company issued an additional 2 billion USD in USDT on November 9 and 10, pushing Bitcoin past the $80,000 mark. And today, Tether minted another 2 billion USD of USDT, bringing the total issuance over five days to 5 billion USD.

This minting has pushed Tether's market capitalization to around 124 billion USD, solidifying its position as the top stablecoin in the crypto market.

As a stablecoin pegged to the USD, USDT plays a crucial role in cryptocurrency trading, supporting liquidity on both centralized and decentralized exchanges. Data shows USDT remains one of the most frequently traded assets, with a 24-hour trading volume nearing 289 billion USD.

Meanwhile, the recent increase in USDT supply aligns with the overall upward trend of the market, reflecting traders' optimism and confidence. Historically, increases in USDT circulation correlate with gains in major cryptocurrencies like Bitcoin and Ethereum.

Therefore, as this latest supply expansion occurs, the price of Bitcoin has reached a new all-time high near $90,000, driven by market optimism about Donald Trump's return to the presidency of the United States.

$BTC $ETH #USDT🔥🔥 #binance

Dogecoin (DOGE) continues its strong upward trend for four consecutive days with a price increase of nearly 50% in the past 24 hours, sparking hopes of reaching the price target of 1 USD.


Today, DOGE has surpassed the 0.41 USD mark for the first time since May 2021, when it reached a record high of over 0.70 USD. In the past week, DOGE has delivered over 150% profit to investors and has nearly tripled in value over the past 30 days, according to data.

Futures contracts linked to DOGE have recorded cumulative losses of over 68 million USD. This is the largest liquidation this year for this token, with open interest nearly reaching record levels since April. Most of the liquidations are from short positions, those who anticipated a drop in DOGE's price.

The current upward momentum is largely driven by the optimistic sentiment surrounding the support of tech entrepreneur Elon Musk in the Trump administration. Musk has discussed establishing a "Department of Government Efficiency," abbreviated as D.O.G.E, aimed at enhancing government spending efficiency.

The recent price movements have led some cryptocurrency traders to set a price target of 1 USD for DOGE — a target that has been anticipated since 2021 when this token traded above 0.70 USD.

The 1 USD level has significant psychological appeal, igniting meme trends such as "doge to $1" over the years.

$BTC $DOGE #binance #Dogecoin2024

Dogecoin increased by 88.5% in seven days

According to CoinGecko, DOGE is currently experiencing strong momentum, with an increase of 21.9% in the past 24 hours and a trading range from $0.2367 to $0.3003.

DOGE has risen by 88.5% in the past week and 159% in the month, but is still down 60.4% compared to the peak of $0.7316 in May 2021.

DOGE's golden cross pattern

Analyst Milkybull Crypto observes a golden cross pattern on DOGE's weekly chart, a signal that often indicates significant price volatility.
Milkybull predicts a price target from $2 to $4 in this cycle.


This price surge is reminiscent of DOGE's explosion in 2021. The emergence of the golden cross pattern, along with strong fundamental momentum and a robust market, indicates the possibility of continued growth.
$DOGE #MarketDownturn #Binanace

Legend Peter Brandt predicts BTC will reach $125,000 by the end of the year
Chart expert Peter Brandt is optimistic about bitcoin after it reached a record high. He believes that from March to October 2024, bitcoin's price drops have created many buying opportunities, and as BTC enters a strong upward phase, it will maintain its upward momentum.
Brandt uses a Bayesian model to predict the price could reach $125K by the end of the year, based on the price increase from January to March 2024 as a forecasting model.
The 'ideal' halving cycle for bitcoin
Brandt emphasizes that bitcoin is in the ideal phase of the halving cycle, which typically generates strong price increases.
He predicts BTC could peak between $130,000 and $150,000 in August or September 2025 if the upward trend continues.
Forecasts from other sources
Other predictions about bitcoin include the possibility of reaching $3 million by 2050 if it becomes a global reserve asset (according to Vaneck), $200,000 by 2025 (according to Bernstein), and optimistic analyses from JPMorgan also show confidence in bitcoin's potential.
$BTC #Bitcoin❗ #gotothemoon #Write2Win

Why is Bitcoin continuously setting records?

The price of Bitcoin has been reaching new highs since Donald Trump was elected President of the United States and announced plans to develop the cryptocurrency market, leading to increased investor enthusiasm.

After surging to 80,000 USD per coin on the evening of November 10 (Hanoi time), Bitcoin (BTC) set another new record this morning with over 81,858 USD. Since Donald Trump was confirmed as the winning candidate in the race for the White House, BTC has established a new price level every day.

From the price range around 69,000 USD per coin previously to the peak this morning, the world's largest cryptocurrency has increased by about 12,700 USD, or nearly 18.5%, in less than a week.

Trump's victory is seen as the main driving force behind this new price surge. Forbes suggests that this is not baseless confidence, as the cryptocurrency industry was the largest "donor" in this year's election cycle. A report from the progressive consumer advocacy group Public Citizen shows that contributions from this industry accounted for 44% of the total money from business groups, as of August. Most of the funds were funneled through political action committees (PACs) that specifically support candidates who favor cryptocurrencies.
The PACs are primarily funded by cryptocurrency companies such as Coinbase and Ripple, which have spent a total of 135 million USD to support candidates friendly to the industry in federal races, according to The New York Times. This investment seems to have paid off, as of November 10, 268 cryptocurrency-supporting candidates have been elected to the House of Representatives and 19 candidates to the Senate, according to the nonprofit Stand With Crypto.
$BTC #MarketDownturn #Binance's #cryptotrade

Bitcoin First Surpasses 80,000 USD


Around 7 PM (Vietnam time) on November 10, the price of bitcoin for the first time in history surpassed the mark of 80,000 USD.
Bitcoin has seen a strong price increase since Republican candidate Donald Trump won the US presidential election on November 5, with expectations that he will ease regulations on digital currencies.
Previously, on November 6, bitcoin reached the milestone of 75,000 USD, surpassing the record of 73,797.98 USD set in March.
In the race against Democratic candidate Kamala Harris, Trump is seen as more friendly to cryptocurrencies.
During his first term, Trump referred to cryptocurrencies as a scam, but later changed his view, even launching his own trading platform for this asset.
He also pledged to make America the "capital of bitcoin and cryptocurrency" and plans to assign tech billionaire Elon Musk the responsibility to conduct a thorough audit of waste in government.
In his previous presidential term, Trump implemented corporate tax cuts, increased liquidity in the market, and encouraged investment in high-growth assets like cryptocurrencies.
In September, Trump announced plans to launch a cryptocurrency platform called World Liberty Financial with his sons and several entrepreneurs.
During the election preparation period, Trump became the first former president to use bitcoin for purchases when he paid for a burger at a restaurant in New York. This event was hailed as a "historic transaction"
#Bitcoin #Crypto #MarketDownturn #Binance's