In November 2024, the digital asset market in Vietnam continued to record a strong boom with an estimated trading volume of about 70 billion USD, affirming its position as the top 2 cryptocurrency trading platform in the world.

Source: Triple-A
According to data from Triple-A, this trading volume reflects the strong growth of the crypto market and other digital assets such as NFT, DeFi and blockchain in Vietnam. This not only shows the growing interest of people in digital assets but also shows the strong development of domestic and international trading platforms.

The balance of Bitcoin on crypto exchanges has hit a record low, reflecting the rapidly depleting supply available, according to recent on-chain data.
A report from 10X Research published on Sunday highlights this trend, with a significant decrease in the amount of Bitcoin available for purchase. This stands in stark contrast to the late summer period, when large inflows into exchanges temporarily replenished reserves. However, currently, there are no signs that supply will improve, exacerbating the scarcity.

Ether (ETH) has increased by 15% from November 20 to 27, reaching $3,500 for the first time in four months. This price surge coincided with open interest (OI) in Ether futures hitting a record high, prompting traders to question whether this high leverage reflects excessive bullish sentiment.

Open interest in Ether futures | Source: CoinGlass
Open interest has increased by 23% in the 30 days leading up to November 27, reaching $22 billion. In comparison, three months ago (on August 27), open interest in Bitcoin (BTC) futures was $31.2 billion. Additionally, when Ether traded above $4,000 on May 13, the open interest in ETH futures was only $14 billion.

I myself am also a regular person who holds coins, so I am quite lucky to have held at a price of 0.14 and I set my take profit for this hold at 0.8 early next year. If you missed the boat on this doge, you should hold in the support range of $0.38 - $0.4. Reasons to hold doge: 1. Strong community and support from celebrities. Dogecoin has a large and enthusiastic community. Support from celebrities, especially Elon Musk, often creates a significant boost for the value of this coin. Community campaigns or events can unexpectedly increase the value of Dogecoin. 2. High liquidity. Dogecoin is one of the most commonly traded coins, providing high liquidity. This makes it easy for you to buy or sell without difficulty. 3. Potential for real-world use. Dogecoin is being accepted as a payment method in more places, especially in e-commerce and entertainment industries. Projects integrating technology like RadioDoge and GigaWallet also contribute to expanding its potential uses. 4. Positive market sentiment. Dogecoin often increases in value during crypto market uptrends, especially when Bitcoin peaks or when there is a wave of investment in meme coins. If market sentiment remains positive, Dogecoin may continue to grow. 5. Long-term strategy. Some long-term forecasts suggest that Dogecoin could reach $1 or higher, especially if practical applications and community support continue to develop. 6. Advantage from the meme coin trend. Meme coins often provide significant profits in a short time, thanks to the explosion of social media and FOMO sentiment. This helps Dogecoin maintain a special position in the crypto market. This is a long-term hold order, so consider carefully. Dogecoin is still a high speculative asset, with a high level of volatility.

Bitcoin drops to $93,900: Is this a minor correction or the beginning of a larger move? The recent drop of Bitcoin from $98,000 to $93,900 has caused concern among traders and investors. While such corrections are common in a bull market, they often create uncertainty about the next move. In this analysis, we will explore key price levels, market indicators such as volume, RSI, and strategies for both short-term traders and long-term holders. Current market position and key levels. Bitcoin is currently trading near $93.9K after failing to hold the resistance level of $98K. The $96K area remains a critical pivot point—holding above this level will signal bullish momentum. Below $96K, the next important support levels are $92K and $91.5K, both of which have historically acted as accumulation zones. On the positive side, $98K continues to be a strong resistance level, with $100K and $101K as the next targets if broken. If the market maintains these levels, Bitcoin could continue its bullish trajectory towards $120K by early 2025. However, if $92K is not achieved, a deeper correction towards $90.5K or even $88K could occur.

Michael Saylor, co-founder of MicroStrategy, just hinted at the company's potential to continue increasing its Bitcoin holdings after completing a $3 billion fundraising round on November 22, 2024.
MicroStrategy may buy more Bitcoin after its latest funding round
In a post on X on November 24, Saylor hinted at MicroStrategy's plans regarding adding more Bitcoin to its portfolio. He emphasized that the company's portfolio tracking tool, SaylorTracker, "needs more green dots," each green dot representing a Bitcoin purchase, raising speculation about whether MicroStrategy could make another large purchase.

A new study from Coinwire reveals that most influencers in the crypto space on X have promoted worthless memecoin projects, highlighting the risks of relying on social media for investment advice.
Influencers cause investors to fail
More than three-quarters (76%) of influencers in the crypto market on X have promoted memecoins that no longer exist. Furthermore, two-thirds of the memecoins they promoted are worthless. In contrast, the study found that only 1% of the 377 identified influencers promoted meme token projects that increased in value tenfold afterward.

Galaxy Digital's research department estimates that approximately $47 billion in Bitcoin liquidity could be transferred to the Bitcoin layer-2 (L2) network by 2030.
In its latest report, Galaxy Research analyzed the growth of the Bitcoin L2 ecosystem in 2024, noting that projects have increased sevenfold, attracting approximately $447 million in venture capital so far.
Galaxy estimates that approximately $47 billion in Bitcoin liquidity could flow into the Bitcoin L2 network by 2030.

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

Total open interest for Bitcoin futures, BTC | Source: CoinGlass
Currently, the total open interest (OI) in the Bitcoin futures market stands at 626,520 BTC (equivalent to $58 billion), an increase of 15% over the past two months, indicating growing interest in derivative products. If Bitcoin reaches the $100,000 mark, this total open interest could rise to $62.5 billion, accounting for 3.1% of the total market capitalization of $2 trillion. This figure is much 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 capitalization.

After the U.S. Commodity Futures Trading Commission (CFTC) paved the way for spot Bitcoin ETF options, the Options Clearing Corporation (OCC) announced it is preparing to launch these investment instruments.
The OCC stated that it is preparing for 'clearing, settlement, and risk management' related to spot Bitcoin ETF transactions, including options. This decision comes after the CFTC released new guidance for its staff.

According to data from Artemis, memecoin has recorded an average return of 103% over the past 30 days — more than six times higher than the crypto market's average growth of 16.1%.
Of the 19 memecoins tracked by Artemis, Dogecoin (DOGE) and Pepe (PEPE) are the top performers, with gains of 196.1% and 115%, respectively. Notably, the “beta play” PepeCoin (PEPE) also showed great traction, with a gain of 121.1%.