Today's Crypto and Bitcoin News

Bitcoin is currently priced at $97,185 with +0.82% increase from the last 24 hours, while Ethereum is at $3,708, up by +0.14% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.3% long versus 49.7% short positions. The Fear and Greed Index, which measures market sentiment, was at 81 yesterday and is at the Extreme Greed level at 80 today.    Today in crypto, Ripple’s XRP overtakes Solana’s market cap, NFTs surge by 57.8% in monthly sales for November as digital collectibles regain momentum and surged to $562 million in sales, and Bitcoin achieves an unprecedented $26,400 price gain in a single monthly candle. These records highlight the growing strength of blockchain markets.The crypto market is surging with milestones across trading, DeFi, and blockchain innovation.    What’s Trending in the Crypto Community?  Ethereum Foundation researcher: Ethereum L1 will gradually improve in the future, with significant performance enhancements for L2 within months Ethereum price rebound drives NFT market recovery, with November NFT sales reaching a six-month high at $562 million. Pump.fun has generated $368 million in total fee revenue since launch, with a total of 4,038,775 tokens deployed.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change XRP/USDT +26.11% AIOZ/USDT +16.55% HBAR/USDT +44.65%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin’s Historic $26,400 Monthly Gain BTC/USD 1-month chart. Source: Cointelegraph/TradingView   Bitcoin posted a record-breaking gain of $26,400 in November. It closed the month at $96,400. This 37% surge marked its second-best month of 2024. Daily trading volumes exceeded $42 billion and peaked at $55 billion on November 30. Bitcoin dominance rose to 54.7% from 52% at the start of the month.   Bitcoin futures open interest climbed to $63 billion from $50 billion in October. This reflects rising institutional confidence. Analysts identified $98,500 as a key resistance level. Breaking this point could push Bitcoin above $100,000.   Read more: The History of Bitcoin Bull Runs and Crypto Market Cycles   Source: Carl Menger on X   Over 9 million new wallets were created in November. The month’s rally is driven by regulatory optimism and growing adoption. Analysts predict Bitcoin could hit $100,000 by year-end.   Read more: A Beginner’s Guide to Buying Your First Bitcoin on KuCoin   BTC/USD monthly % gains (screenshot). Source: CoinGlass   XRP Overtakes Solana with $122 Billion Market Cap Cryptocurrency rankings by market cap. Source: CoinMarketCap   Ripple’s XRP reached a market cap of $122 billion on December 1, surpassing Solana’s $111.9 billion to become the fourth-largest cryptocurrency. XRP gained 79% from October’s $1.22 low to hit $2.19. This is its highest price in seven years.   Ripple secured three partnerships with financial institutions managing over $400 billion in assets. Investors expect approval of an XRP ETF in the U.S. and Ripple's RLUSD stablecoin in New York.   Daily XRP trading volume surged to $7.3 billion on December 1 from a $4.1 billion average in October. Active wallet addresses rose 45% to 1.8 million.   While Solana dropped to fifth place, it held $9.2 billion in total value locked (TVL). Solana’s DEXs hit $100 billion in trading volume, driven by renewed memecoin activity.   Read more: Will Gensler's Resignation Propel an XRP Rally as Bitcoin Nears $100K?    NFT Sales Reach $562 Million in November NFT sales volume from May to December 2024. Source: CryptoSlam   NFT sales reached $562 million in November. This is a 57.8% increase from October’s $356 million. It is the highest monthly sales volume since May’s $599 million. Total NFT sales for 2024 now exceed $4.9 billion.   CryptoPunks led the market recovery. Its floor price rose from 26.3 ETH ($97,000) on November 1 to 39.7 ETH ($147,000) by November 30. This marks a 51% gain. Bored Ape Yacht Club saw a 42% rise in average sale price. Azuki NFTs increased 38%.   OpenSea and Blur recorded $1.8 billion in combined trading volume. Blur accounted for 58% of this activity with aggressive incentives. Unique buyers reached 732,000 in November, up from 611,000 in October. Active wallets rose by 34% to 1.2 million.   Despite gains, the NFT market remains below its March peak of $1.6 billion. Analysts link the recovery to broader crypto market momentum and rising interest in premium collections.   Read more: Magic Eden (ME) Airdrop Eligibility and Listing Details to Know    Conclusion  November was a historic month for crypto. Bitcoin gained $26,400 setting a new monthly record. XRP rose to $122 billion in market cap, overtaking Solana. NFTs hit $562 million in sales showcasing renewed interest in digital assets.   As December begins markets prepare for Bitcoin’s push toward $100,000 XRP’s ETF approval prospects and further NFT growth. Blockchain innovation and adoption continue to redefine financial markets.   Read more: XION “Believe in Something” Airdrop, with 10 Million $XION Tokens to Claim

BTC$104,073.10-0.44%

XRP$3.16673-2.31%

Bitcoin is currently priced at $95,642 with -0.22% decrease from the last 24 hours, while Ethereum is at $3,579, down by -2.04% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.8% long versus 50.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 77 yesterday and is at the Extreme Greed level at 78 today. The crypto market is surging with milestones across trading, DeFi, and blockchain innovation.    Bitcoin futures open interest has reached $60.9 billion, reflecting a 56% surge driven by post-election optimism and heightened institutional demand on platforms like CME. Recent market data shows robust trading volume, emphasizing Bitcoin's growing appeal in regulated financial markets. Ethereum maintained its upward momentum with a 5% weekly gain, supported by $90.1 million in ETF inflows and a 17.8% rise in the ETH/BTC ratio, indicating strengthened investor confidence. Uniswap recorded $38 billion in Layer 2 trading volume, a 12% increase since March, showcasing the rising popularity of efficient scaling solutions. Additionally, Bleap secured $2.3 million in funding to launch a payment app offering 13.2% APY on stablecoins and 2% cashback, highlighting innovation in decentralized finance.    What’s Trending in the Crypto Community?  BTC and ETH options contracts worth approximately $10.85 billion are set to expire. TON launched TON Teleport BTC, aiming to integrate Bitcoin liquidity with the TON ecosystem. Uniswap reached a new monthly trading volume high of $38 billion.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change ALGO/USDT +23% SAND/USDT +12.5% WLD/USDT +10.82%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin Futures Boom $60.9 Billion Following Trump Victory Bitcoin futures open interest has surged since Donald Trump won the U.S. presidential election | Source: Coinglass   Since Donald Trump’s election victory on Nov. 5, Bitcoin futures open interest has surged from $39 billion to $60.9 billion. This represents a 56% increase in less than a month, according to Coinglass. The derivatives market has seen record activity, with many traders leveraging positions to capitalize on expected price movements.   Bitfinex analysts describe this growth as organic. They attribute it to market optimism surrounding Trump’s crypto-friendly policies. Significant trading activity occurred near the $94,000 mark, where large sitting orders were filled. Analysts observed a slight reduction in open interest as of Nov. 22 but consider this a normal pullback rather than a sign of market instability.   Bitcoin futures continue to dominate the market. Futures trading volume exceeded $100 billion in the last seven days, with 40% of trades occurring on Binance. Open interest now accounts for over 30% of Bitcoin’s $580 billion market capitalization, signaling significant trader interest.   Ethereum Outperforms Bitcoin as ETH/BTC Ratio Rises 17.8% Source: ETH ETF Flows The Block   Ethereum surged 5% on Nov. 27, reaching $3,600. The ETH/BTC pair climbed 17.8% over the past week to 0.0376. Analysts at QCP Capital predict further gains, with ETH likely to test the 0.04 level soon. This growth signals a capital rotation from Bitcoin to Ethereum, reflecting investor confidence in the Ethereum ecosystem.   Ethereum exchange-traded funds attracted $90.1 million in inflows on Nov. 27. This marked the fourth consecutive day of positive inflows, totaling $317.4 million for the month. The rising demand for ETH-based ETFs highlights renewed interest in Ethereum. Analysts project that ETH could retest its all-time high of $4,868, offering a 35.4% upside from current levels.   The global cryptocurrency market cap now stands at $3.4 trillion. Bitcoin accounts for 54.7%, while Ethereum holds 12.4%. ETH trading volume reached $28.5 billion in the last 24 hours, compared to Bitcoin’s $47 billion. Ethereum’s growing dominance is driven by its expanding ecosystem and increased adoption in decentralized finance and NFTs.   Uniswap Hits Record $38 Billion Layer 2 Volume  Uniswap saw record monthly volume in November across Ethereum L2s. Source: Dune Analytics   Uniswap recorded $38 billion in monthly volume across Ethereum Layer 2 networks in November, surpassing its previous high of $34 billion set in March. This represents a 12% increase, according to Dune Analytics. Layer 2 networks, including Arbitrum, Polygon, Base, and Optimism, contributed significantly to this growth.   Henrik Andersson, CIO at Apollo Crypto, attributed the rise in Uniswap’s volume to growing onchain yields and increased interest in decentralized finance. Ethereum-based DeFi platforms have seen a surge in activity as ETH/BTC gains strength. Analysts believe this could mark the beginning of a long-awaited DeFi outperformance phase.   Uniswap accounted for 62% of all Ethereum Layer 2 decentralized exchange volume in November. Arbitrum contributed $18 billion to this figure, while Optimism added $8.5 billion. Base and Polygon combined for $5.5 billion. This growth underscores the growing demand for efficient and cost-effective DeFi solutions.   Bleap Plans to Develop Blockchain Payments with Gasless Transactions Bleap, created by former Revolut executives, raised $2.3 million in pre-seed funding to develop a blockchain-based payment system. Built on the  Arbitrum Layer 2 network, Bleap enables gasless transactions and integrates a Mastercard debit card for seamless stablecoin payments.   Bleap supports multi-currency accounts with savings rates far exceeding traditional banks. Users can earn 13.2% APY on USD stablecoins and 5.3% APY on EUR stablecoins. The app also allows fee-free global transfers and offers 2% cashback on purchases.   Bleap’s smart wallet eliminates seed phrases by using encrypted backups and multi-party computation. It supports stablecoins like USDC, USDT, USDA, and EURA. Users can add funds from external wallets or purchase stablecoins directly through Bleap’s on and off-ramping service.   In the first half of 2024, stablecoins processed $5.1 trillion in transactions, approaching Visa’s $6.5 trillion over the same period. Analysts at Bitwise highlight stablecoins as crypto’s “killer use case.” Bleap’s system integrates this functionality with seamless real-world usability.   Bleap’s beta program targets EU users, with a full public launch planned for Q1 2025. The app aims to expand into Latin America later in the year. Bleap is also preparing for a proprietary token launch in 2026, which will further enhance its ecosystem.   Conclusion The cryptocurrency market is surging with activity. Bitcoin futures show record open interest, reflecting trader optimism fueled by Trump’s election. Ethereum is gaining ground, outpacing Bitcoin with rising ETF inflows and a strong ETH/BTC ratio. Uniswap’s record Layer 2 volumes highlight DeFi’s resurgence, while Bleap’s innovative blockchain banking platform sets new standards for usability. These developments underscore the rapid evolution of the crypto space, offering investors opportunities across trading, DeFi, and blockchain-based financial solutions.   Read more: Magic Eden (ME) Airdrop Eligibility and Listing Details to Know 

Bitcoin reclaims $95,000 with six-figure price calls gaining traction and is currently priced at $95,854 with +4.24% increase from the last 24 hours, while Ethereum is at $3,653, up by +9.89% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.4% long versus 49.5% short positions. The Fear and Greed Index, which measures market sentiment, was at 75 yesterday and is at the Greed level at 77 today. The cryptocurrency market shows strength and momentum. Ethereum gains with Bitcoin as the ETH/BTC ratio rises signaling renewed altcoin sentiment. Tether expands its reach with a liquidity pool projected to hit $5 billion by 2026. Solana eyes $300 with growing confidence and strong onchain activity. These movements highlight crypto’s growing potential and evolving landscape.   What’s Trending in the Crypto Community?  Social media giant Line plans to launch 30 blockchain-based mini DApps early next year. Pump.fun 's protocol revenue surpassed Ethereum in the past 24 hours. Tether CEO: Tether's commodity liquidity pool may reach $5 billion by 2026. Bitcoin Demands $95K Reclaim as Six-Figure BTC Price Calls Return.    Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change ENS/USDT +50.06% ENA/USDT +21.23% UNI/USDT +13.54%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin Demands $95K Reclaim as Six-Figure BTC Price Calls Return Bitcoin is back in bullish momentum and is showing renewed strength as it climbs toward $95,000. The cryptocurrency gained nearly 4% on Nov. 27 after buyers stepped in to counter a slide to weekly lows. Data from Cointelegraph Markets Pro and TradingView revealed Bitcoin’s price action attempting to reclaim critical support at $95,000, fueled by encouraging U.S. macroeconomic data and evolving market dynamics.     The week’s key data included U.S. jobless claims and the Personal Consumption Expenditures (PCE) Index, the Federal Reserve’s preferred inflation measure. With inflation figures aligning with expectations, the CME Group’s FedWatch Tool showed a 66% probability of a 0.25% interest rate cut in the next Federal Reserve meeting. Despite this optimism, analysts like The Kobeissi Letter highlighted that inflationary pressures remain. Bitcoin responded positively, regaining some of its lost ground as order book liquidity on exchanges like KuCoin showed strong demand, with buy orders laddered down to $85,000.     Fed target rate probabilities. Source: CME FedWatch   On the technical front, indicators like the Moving Average Convergence Divergence (MACD) reignited optimism for a $100,000 Bitcoin price target. Popular trader Bitcoin Munger projected that a bullish MACD crossover on the four-hour chart would confirm the next major rally. Meanwhile, CoinGlass pointed to a significant sell wall at $100,000, suggesting a deliberate effort to cap Bitcoin’s price in the short term. Traders remain divided over the timeline for reaching six-figure prices, but market sentiment remains bullish, buoyed by a 23% premium in SOL futures and strengthening macroeconomic tailwinds.     BTC/USDT 15-minute chart with order book liquidity. Source: Skew/X   Read more: Bitcoin ETFs Drive $3.1B Weekly Inflows, Pantera Forecasts $740K BTC by 2028, and Rumors of a Solana ETF: Nov 27   ETH/BTC Ratio Picks Up as Ethereum Shows Renewed Strength Source: TradingView   The ETH/BTC ratio, a key indicator of Ethereum's performance relative to Bitcoin, gained momentum this week. After lagging behind Bitcoin throughout much of the year, Ethereum is finally surging. However, the ETH/BTC ratio remains 30% lower than its earlier levels compared to Bitcoin, reflecting the broader market dynamics and investor sentiment toward altcoins.   What the ETH/BTC Ratio Tells Us The ETH/BTC ratio is more than a simple comparison between two cryptocurrencies. It serves as a barometer for market sentiment toward altcoins. A rising ratio suggests growing confidence in Ethereum and, by extension, the broader altcoin market. Conversely, a declining ratio indicates Bitcoin’s dominance and reduced risk appetite for alternative assets.   This week’s uptick in the ETH/BTC ratio signals a renewed interest in Ethereum. Investors appear to be shifting some focus back to ETH after Bitcoin’s prolonged dominance. Ethereum’s resurgence comes at a time when altcoin activity is picking up across the board, suggesting the market is beginning to rotate into other assets after Bitcoin's strong rally.   ETH/BTC Trading Chart | Source: KuCoin   Ethereum’s Lagging Performance in 2024 Throughout the year, Ethereum has underperformed compared to Bitcoin. Bitcoin’s price surged over 150% year-to-date, driven by institutional inflows and excitement around spot Bitcoin ETFs. Ethereum, while climbing steadily, failed to match Bitcoin’s pace. This disparity is reflected in the ETH/BTC ratio, which saw a significant 30% decline over the past year.   Several factors contributed to Ethereum’s slower performance. High gas fees, competition from other layer-1 blockchains like Solana and Avalanche, and the lack of a clear catalyst like Bitcoin’s ETF approval dampened investor enthusiasm. Despite this, Ethereum has maintained its position as the leading platform for decentralized applications (DApps) and DeFi projects, with its total value locked (TVL) exceeding $80 billion.   When Is the Altcoin Season Starting?  The recent change in the ETH/BTC ratio suggests a shift in sentiment toward altcoins. When Ethereum performs well against Bitcoin, it often signals increased risk appetite among investors and a willingness to explore other assets beyond Bitcoin. This could pave the way for stronger performance across the broader altcoin market.   Altcoin leaders like Solana, Cardano, and Polkadot have already shown signs of renewed interest, with double-digit gains in recent weeks. If Ethereum continues to gain ground, it could act as a catalyst for further altcoin growth.   Despite this week’s improvement, Ethereum still has ground to cover to reclaim its historical strength relative to Bitcoin. For the ETH/BTC ratio to recover fully, Ethereum will need sustained positive momentum, likely driven by network upgrades, growing adoption, or significant developments in the altcoin ecosystem.   As of now, Ethereum’s fundamentals remain strong, with growing developer activity, increasing use cases in DeFi and NFTs, and solid institutional interest. If these trends continue, Ethereum could close the gap and solidify its position as the leading altcoin, while reigniting the broader altcoin market.   The ETH/BTC ratio’s recent rise signals Ethereum’s resurgence after a lagging year. While it still trails Bitcoin by 30%, the improving ratio reflects growing confidence in Ethereum and the altcoin market. As Ethereum builds on its strong fundamentals and investors regain interest in altcoins, the crypto market could be entering a new phase of diversification and growth.   Tether’s Liquidity Pool Could Reach $5 Billion by 2026   Source: KuCoin 1 Year USDT Chart   Tether is expanding beyond stablecoins with its investment arm targeting the $10 trillion trade finance industry. CEO Paolo Ardoino revealed that Tether’s liquidity pool for financing raw material transactions could grow to $3 billion or even $5 billion by 2026. This expansion aligns with Tether’s mission to bridge blockchain and traditional finance, creating new pathways for global economic activity.     In October, Tether financed a $45 million oil trade involving 670,000 barrels of Middle Eastern crude. This marked a significant step in integrating blockchain technology into commodities trading. Tether Investments plans to provide liquidity to commodities brokers while earning interest, tapping into the sector’s insatiable demand for funding. Ardoino emphasized that Tether’s unique value lies in the transparency and speed that USDT offers in cross-border transactions, especially in emerging markets where commodities drive economic activity.     Tether’s growth in the trade finance sector is backed by robust profits from its core stablecoin operations. In the first nine months of 2024, Tether reported $7.7 billion in profit, funding its diversification into commodities like oil, natural gas, and gold. Ardoino described the initiative as the beginning of a major new opportunity, with plans to invest over $1 billion in the coming year.     Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   Solana Recovers and Eyes $300 as Metrics Strengthen   SOL/USD (blue) vs. altcoin market cap (purple). Source: TradingView /Cointelegraph   Solana’s native token, SOL, has rebounded 8% since dipping to $222 on Nov. 26, fueled by strong onchain activity and growing demand in decentralized finance (DeFi). Although SOL remains 10% below its all-time high of $263.80, the blockchain’s fundamentals suggest significant upside potential.     Solana’s total value locked (TVL) surged 48% in the past 30 days, reaching $113.7 billion by Nov. 27. Key contributors include the Jito liquid staking solution at $3.4 billion (+44%), the Jupiter decentralized exchange at $2.4 billion (+50%), and Raydium at $2.2 billion (+58%). This growth positions Solana as the second-largest programmable blockchain, trailing only Ethereum in developer activity and user engagement.     Solana network total value locked (TVL), USD. Source: DefiLlama   The derivatives market reflects growing optimism for SOL’s price recovery. Futures contracts show a 23% annualized premium for long positions, the highest in seven months. However, analysts caution against excessive bullishness, as premiums exceeding 40% could lead to cascading liquidations during price corrections.     Despite skepticism from some investors, Solana’s niche focus on memecoin launches and high-frequency trading sets it apart from Ethereum. Tokens like BONK, POPCAT, MEW, and SPX6900 have driven transaction volumes, with some gaining over 100% in three months. However, this speculative activity introduces risk, as memecoin popularity may prove unsustainable.     Read more: Top Solana Memecoins to Watch   Conclusion   Bitcoin and Solana are both demonstrating resilience and potential in the face of shifting market conditions. Bitcoin’s climb toward $95,000 and the renewed six-figure price targets reflect growing confidence in its role as a digital store of value. Meanwhile, Solana’s recovery and strong onchain metrics underscore its position as a leader in DeFi and programmable blockchains. Tether’s expansion into trade finance highlights blockchain’s potential to revolutionize traditional industries. Together, these developments paint a picture of a rapidly evolving cryptocurrency market poised for continued growth and innovation. 

Bitcoin is currently priced at $91,958 with -1.12% decrease from the last 24 hours, while Ethereum is at $3,324, down by -2.64% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 48.8% long versus 51.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 82 yesterday and is at the Greed level at 75 today. Last week, Bitcoin ETFs recorded $3.13 billion in net inflows marking the highest weekly figure ever. At the same time Solana’s decentralized exchange (DEX) transaction volume surpassed $109.8 billion in November. Solana’s price is up 160% since January 2024 and a Solana ETF is on the horizon. These developments highlight the rising influence of blockchain technology in reshaping global financial systems.   What’s Trending in the Crypto Community?  Pump.fun accounted for over 62% of Solana ecosystem DEX trading volume in November. Justin Sun joins Trump's family project WLFI as an advisor. Ripple donates $25 million to Fairshake PAC ahead of US midterm elections Dan Morehead, founder of Pantera Capital predicts Bitcoin could reach $740,000 by April 2028.   Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change ZEC/USDT +15.38% FTM/USDT +15.06% ALGO/USDT +13.94%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin ETFs Drive Unprecedented Weekly Inflows of $3.13 Billion Source: CoinShares   Bitcoin ETFs reached $3.13 billion in weekly net inflows according to CoinShares. This marked the seventh consecutive week of positive inflows. Year-to-date crypto funds have attracted $37 billion which is over 119 times more than the $309 million achieved by U.S. gold ETFs in their first year. Total assets under management for crypto products reached $153.3 billion representing the highest level in history.   Bitcoin-focused funds accounted for $3 billion of the total inflows. U.S.-based spot Bitcoin ETFs dominated with $3.38 billion in weekly inflows. BlackRock’s IBIT product contributed $2.05 billion reinforcing its role as a key driver of institutional crypto investment.   Short-bitcoin products saw $10 million in inflows last week pushing monthly totals to $58 million. This marks the highest monthly figure for short-bitcoin products since August 2022 showing growing interest in hedging strategies amidst price volatility.   Source: The Block   Solana Surpasses $109.8 Billion Monthly DEX Volume Solana’s Monthly Dex Volume Source: DefiLlama   Solana achieved a new milestone in November recording $109.8 billion in decentralized exchange transaction volume. This figure more than doubled October’s $52.5 billion showcasing Solana’s scalability and efficiency as a blockchain platform.   Memecoin activity played a key role in this growth. Solana platforms like Raydium and Pump.fun generated $71.5 million and $182 million in fees during November. Solana processes $53 million in daily transactions far surpassing most other blockchains which average less than $5 million in daily activity.   Solana’s total market cap reached $90 billion this month with its native token SOL trading as high as $264 before settling below $240. Analysts predict that Solana’s expanding decentralized finance ecosystem and potential ETF approval could push its value higher while driving more institutional and retail adoption.   Read more: Top Decentralized Exchanges (DEXs) in the Solana Ecosystem   Solana’s Price Up 300% Since January 2024 Solana has smashed records with a 24% price surge over the past week and a staggering 300% rise since the start of the year. It now holds a $123 billion market cap which is about 4% of the total crypto market. Last week alone Solana handled over $40 billion in transactions more than doubling its previous weekly record of $17.5 billion set in March. Active users on Solana have increased over 1,500% from the beginning of the year while new daily addresses have grown eleven-fold in the same period. Analysts believe Solana could hit $700 especially with a potential ETF approval on the horizon.    Source: 1 Year SOL Chart KuCoin   Spot Solana ETF on the Horizon? Geoffrey Kendrick from Standard Chartered highlights that the chances of a Solana ETF approval have risen sharply with Republicans securing the White House Congress and Senate. President-elect Donald Trump’s pro-crypto stance has injected fresh confidence into the market with promises of industry-friendly policies. Solana’s ecosystem has also benefited from a surge in memecoin activity with traders fueling massive transaction volumes despite these tokens lacking intrinsic value. Platforms like Raydium contributed $71.5 million in fees during November while Solana processed $53 million in daily transactions far outpacing blockchains that average less than $5 million daily. These remarkable numbers underscore Solana’s scalability efficiency and growing potential to challenge Ethereum’s dominance in the blockchain space.   Read more: All About CHILLGUY, the Viral TikTok Memecoin Surging Over 6,000% to a $700M+ Market Cap   Pantera Founder Predicts Bitcoin Reaching $740,000 by 2028 Source: BTC 1 Year Chart KuCoin   Dan Morehead, founder of Pantera Capital predicts Bitcoin could reach $740,000 by April 2028. This forecast is based on Bitcoin’s compounded annual growth rate of 88 percent since Pantera launched its Bitcoin Fund in 2013. The fund has delivered a lifetime return of 131,165 percent underscoring Bitcoin’s transformative potential.   At $740,000 Bitcoin’s market cap would rise to $15 trillion placing it among the largest financial markets globally. Morehead argues this is achievable within the $500 trillion global financial asset pool. He credits Bitcoin’s rally to improving regulatory clarity and the pro-blockchain stance of President-elect Donald Trump.   Morehead emphasizes Bitcoin’s consistent growth trajectory nearly doubling in price every year since its inception. With increasing institutional adoption and growing acceptance Bitcoin continues to position itself as a key driver of global financial innovation.   Conclusion The cryptocurrency market is advancing rapidly.  Bitcoin’s dominance in investment products attracted $3.13 billion in net inflows last week reflecting its status as a digital store of wealth. Solana’s $109.8 billion monthly DEX volume demonstrates its strength in decentralized finance and high-efficiency transactions. Solana’s rapid expansion in decentralized finance showcases its ability to process massive transaction volumes while providing low fees and high-speed scalability. With the strong technical fundamentals and growing expansion of its ecosystem, it might not be far away to reach the next target of $300. However, always do your own research and assess your risk tolerance before making any investment decisions, as the crypto market remains highly volatile.

Introduction Bitcoin ETFs in the U.S. have seen massive inflows pushing Bitcoin closer to the $100,000 mark. With institutional investors driving demand, spot Bitcoin ETFs are experiencing significant growth and strengthening Bitcoin's market position. This article dives into the latest data on Bitcoin ETF inflows and how institutional interest is pushing Bitcoin to new heights.   BTC ETF Volume 2024 Months Source: SoSoValue   Quick Takes Massive Bitcoin ETF Inflows: U.S. Bitcoin ETFs saw $1 billion in inflows in a single day and $2.8 billion for the week, indicating strong institutional demand for Bitcoin and increased adoption among major financial institutions. Institutional Interest Boosts BTC Price: Bitcoin ETFs like BlackRock's iShares Bitcoin Trust, which holds $47.92 billion in assets, are pushing Bitcoin towards the $100,000 mark, demonstrating a nearly 40% surge since Trump's presidential win. Mainstream Finance Integration: Spot Bitcoin ETFs like BlackRock’s IBIT have gained massive traction, with options trading on Nasdaq reaching $120 million in daily volume, further integrating Bitcoin into traditional financial systems and driving market growth. Bitcoin ETF Inflows Hit $1 Billion in One Day Bitcoin ETF flows (Source: Farside Investors)   On November 22, 2024 Bitcoin ETFs in the U.S. saw $1 billion in inflows in just one day according to SoSoValue data. This surge brought the total ETF inflows for the week to $2.8 billion. Bitcoin ETFs in the U.S. now hold $105.91 billion worth of BTC representing 5.46% of Bitcoin's total market cap.   BlackRock's iShares Bitcoin Trust (IBIT) led with $608.41 million in net inflows raising its cumulative net inflows to $30.82 billion. IBIT manages $47.92 billion in net assets making it the largest Bitcoin ETF. Fidelity's Wise Origin Bitcoin Fund (FBTC) captured $300.95 million in new investments. FBTC's cumulative net inflows now stand at $11.52 billion with net assets of $19.54 billion.   The Bitwise Bitcoin ETF (BITB) received $68 million in inflows while the ARK 21Shares Bitcoin ETF (ARKB) followed with $17.18 million. Grayscale's Bitcoin Mini Trust added $6.97 million and Franklin Templeton Digital Holdings Trust (EZBC) saw $5.7 million. VanEck's Bitcoin ETF (HODL) also reported $5.7 million in inflows.   In contrast Grayscale's Bitcoin Trust (GBTC) faced $7.81 million in net outflows bringing its cumulative net outflows to $20.26 billion. Despite this the broader market sentiment remains bullish shown by the substantial inflows into other Bitcoin ETFs.   Read More: What Is a Bitcoin ETF? Everything You Need to Know   Impact on Bitcoin's Price and Market Cap The recent ETF inflows have significantly impacted Bitcoin's market cap and price action. Bitcoin has surged nearly 40% since Donald Trump's presidential win earlier this month moving closer to the $100,000 mark. On Thursday Bitcoin hit $98,800 reaching a new all-time high.   BlackRock's iShares Bitcoin Trust with $47.92 billion in assets has driven much of Bitcoin's rise. Institutional investors now see Bitcoin ETFs as a secure way to gain exposure without direct custody. Bitcoin's total market cap stands at $1.94 trillion showing growing institutional demand. The strong inflows into ETFs like IBIT FBTC and BITB emphasize the growing adoption of Bitcoin among financial institutions.   Spot Bitcoin ETFs and Market Influence Spot Bitcoin ETFs continue to attract interest with recent events pushing Bitcoin into mainstream finance. BlackRock's spot Bitcoin ETF (IBIT) added $13 billion in assets following Trump's win as reported by Yahoo Finance. This increase pushed iShares Bitcoin Trust past $40 billion in assets just 10 months after its launch.   This rise led to increased trading activity with options tied to IBIT starting on the Nasdaq on Tuesday. The daily trading volume of these options reached $120 million on day one signaling strong institutional interest. Spot ETFs like IBIT offer direct exposure to Bitcoin's value unlike futures-based ETFs. This has made them popular for institutions looking for straightforward exposure to Bitcoin. The introduction of options trading strengthens Bitcoin's integration into traditional finance bridging crypto with mainstream markets.   Conclusion Bitcoin ETFs in the U.S. have seen remarkable growth with $1 billion in inflows in one day and $2.8 billion for the week. Funds like BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund have driven Bitcoin's surge toward $100,000. The rise in ETF inflows shows a strong institutional interest positioning Bitcoin as a major asset in global finance. As Bitcoin nears $100,000 ETFs will play a crucial role in providing secure access and driving demand. The coming weeks will determine if Bitcoin can break through this key level and continue its upward momentum.

Bitcoin is currently priced at $97,891 with +0.21% increase from the last 24 hours, while Ethereum is at $3,360, down by -0.97% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 48.7% long versus 51.3% short positions. The Fear and Greed Index, which measures market sentiment, was at 80 yesterday and maintains the Extreme Greed level at 82 today. Bitcoin is experiencing a correction and remains some distance away from the highly anticipated $100,000 mark. According to cryptocurrency analytics platform CoinGlass, $495 million in crypto assets have been liquidated over the past 24 hours, with long positions accounting for the majority of losses at $382.7 million. Let's break down the numbers driving this rally and their impact on the wider market.   What’s Trending in the Crypto Community?  Solana's average daily DEX trading volume over the past week remained above $6 billion, with a market share of 45%. Wall Street bond trading giant Cantor Fitzgerald to acquire approximately 5% ownership stake in Tether. Tether minted an additional $3 billion USDT stablecoins. Since November 8, 2024, Tether has minted approximately $13 billion.   Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change SAND/USDT +58.12% MANA/USDT +22.12% XTZ/USDT +10.91%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025 Bitcoin ETFs See $1 Billion in Inflows Amid BTC Push Toward $100,000 Bitcoin ETF flows. Source: SoSoValue U.S. Bitcoin ETFs are driving Bitcoin's rally with a huge $1 billion inflow on November 22, 2024. This brings total ETF inflows this week to $2.8 billion. U.S. Bitcoin ETFs now hold $105.91 billion in BTC, making up about 5.46% of Bitcoin's total market cap, which sits at $1.94 trillion. This massive capital shows institutional investors still see value in Bitcoin as it approaches record highs.   BlackRock's iShares Bitcoin Trust (IBIT) led the inflows, bringing in $608.41 million in one day, pushing its total net inflows to $30.82 billion. IBIT’s net assets stand at $47.92 billion, solidifying its lead in the Bitcoin ETF market. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $300.95 million in inflows, bringing its total to $11.52 billion with $19.54 billion in net assets.   Bitwise Bitcoin ETF (BITB) added $68 million, followed by ARK 21Shares Bitcoin ETF (ARKB) with $17.18 million. Grayscale’s Bitcoin Mini Trust saw $6.97 million in new inflows, while VanEck Bitcoin ETF (HODL) and Franklin Templeton Digital Holdings Trust (EZBC) each gained $5.7 million. On the other hand, Grayscale Bitcoin Trust (GBTC) saw outflows of $7.81 million, taking its total net outflow to $20.26 billion. This variation shows the diverse preferences in ETF choices among investors.   Read more: US Bitcoin ETFs Cross $100 Billion in Assets: What It Means for Crypto Investors   Tether Mints $3 Billion USDT During Bitcoin Surge Source: Arkham Intelligence Tether minted an extra $3 billion in USDT on November 23, pointing to high liquidity demand in the market. Onchain data shows $2 billion USDT was minted on Ethereum and $1 billion on Tron. Stablecoin volumes often reflect market interest, with high volumes linked to increased trading activity. The minting of $3 billion USDT suggests traders expect strong price moves as Bitcoin closes in on $100,000.   Stablecoins like USDT offer a quick way for investors to shift capital between crypto and fiat, making it easier to trade during market surges. The increase in USDT indicates a bullish mood and demand for liquidity to back continued momentum.   Read more: USDT vs. USDC: Differences and Similarities to Know in 2024   NFT Market Stays Strong with $158 Million in Weekly Sales Leading networks by sales volume in the last week. Source: CryptoSlam NFTs showed strong performance last week with $158 million in sales by November 24. Although down 12.7% from $181 million the week before, NFT activity remained high. Ethereum led with $49 million in weekly sales, a 25.9% decrease, but still ahead of other blockchains.   Bitcoin-based NFTs hit $43 million in sales, down 29%, while Solana reached $23.9 million—a 9% drop. Polygon, Mythos Chain, Immutable, and BNB Chain together recorded $35.8 million in weekly sales. Solana led with 185,000 NFT buyers, up 57.99% from last week’s 117,000 buyers, showing solid interest despite the slight drop in sales volume.   The average NFT sale was valued at $126.17, compared to $133.08 last week. While overall sales dipped, the volume still stayed above early November levels, when weekly sales were $93 million—highlighting a 69% rise from earlier in the month.   Read more: Top Solana NFT Projects to Keep an Eye On   Conclusion Bitcoin’s march toward $100,000 is powered by massive ETF inflows—$1 billion in a single day. U.S. Bitcoin ETFs now hold $105.91 billion in BTC, or 5.46% of the market cap, showing strong support from institutional investors. The minting of $3 billion in USDT by Tether highlights increased liquidity demand, boosting the market's bullish sentiment.   The NFT market also remains strong despite minor dips, with high sales activity and new buyers, especially on Solana. This shows resilience across the crypto market, despite fluctuations in price. The current rally and ETF involvement point to Bitcoin's growing status as a store of value. As ETF inflows continue and stablecoin volumes rise, Bitcoin's move toward $100,000 seems inevitable. With increasing adoption by both retail and institutional players, the broader crypto market is gearing up for a transformative period in financial history.

US Bitcoin exchange-traded funds (ETFs) crossed $100 billion in AUM for the first time. This milestone underscores the growing institutional interest in Bitcoin and its adoption as a mainstream investment asset. Bloomberg Intelligence data shows Bitcoin ETFs now collectively manage $104 billion in assets, making them a dominant force in the ETF landscape.   Quick Take Total Bitcoin ETF assets under management (AUM) reached $104 billion as of November 21. BlackRock’s iShares Bitcoin Trust (IBIT) leads with $30 billion in net inflows since January. Bitcoin ETFs are on track to surpass gold ETFs in net assets, currently valued at $120 billion. Spot Bitcoin prices surged to over $99,500, with predictions to break the $100K milestone soon. Trump’s pro-crypto election win boosted Bitcoin ETF inflows and market sentiment. BlackRock’s iShares Bitcoin Trust (IBIT) leads with $30 billion in net inflows this year. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows, attracting $11 billion. Other contributors include ARK 21Shares Bitcoin ETF and VanEck’s HODL fund. Together, these funds have drawn billions of dollars from both retail and institutional investors.   Spot Bitcoin ETF flows in November 2024 | Source: TheBlock   Bitcoin vs. Gold: A New Rivalry BTC vs. Gold: returns over the past year | Source: TradingView    Bitcoin ETFs are rapidly catching up to gold ETFs in terms of AUM. Gold ETFs currently hold $120 billion, but Bitcoin ETFs are 82% of the way to surpassing them. Analysts like Eric Balchunas from Bloomberg Intelligence predict that this could happen within months, marking a shift in how investors view store-of-value assets.   Bitcoin’s unique properties, such as its inelastic supply and decentralized nature, position it as a competitor to gold in what JPMorgan calls the “debasement trade.”   Bitcoin Price Surge BTC/USDT price chart | Source: KuCoin   Spot Bitcoin prices have soared, trading at over $99,500 as of November 22, 2024—an over 170% increase over the past year. Analysts expect Bitcoin to break the $100,000 barrier soon, with projections ranging between $100K and $150K by year-end.   The increasing Bitcoin ETF inflows and price momentum highlight the growing demand for Bitcoin as an investment asset.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   The Trump Effect Investor confidence surged after Donald Trump’s pro-crypto election win. His victory is expected to bring a more favorable regulatory environment for cryptocurrencies, further boosting demand for Bitcoin ETFs. Since the election, BTC ETF inflows have exceeded $5 billion, reflecting optimism in the market.   What’s Next for Bitcoin ETFs and Investors?  Bitcoin ETFs are now 97% of the way to surpassing Satoshi Nakamoto’s estimated Bitcoin holdings, cementing their position as major market players. The introduction of ETF options, like BlackRock’s IBIT options, adds more avenues for investor participation.   This rapid growth signals a broader acceptance of Bitcoin in traditional finance, potentially setting the stage for similar developments with Ethereum and other cryptocurrencies.   Conclusion The crossing of the $100 billion milestone by Bitcoin ETFs marks a pivotal moment for crypto adoption. As institutional interest grows and Bitcoin approaches new price records, ETFs continue to pave the way for mainstream acceptance.   For investors, this milestone reinforces Bitcoin’s role as a viable and competitive investment asset in both traditional and digital markets.   Read more: Bitcoin Breaks $99K Amid Gensler SEC Shakeup, NFT Market Soars 94%, Ethereum Trading Volume Hits $7.13 Billion: Nov 22

Bitcoin briefly surged to $99,000 hitting a new all-time high on November 21st, and is currently priced at $98,471.31, while Ethereum is at $3,356, up by +9.33% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.4% long versus 49.6% short positions. The Fear and Greed Index, which measures market sentiment, was at 82 yesterday and maintains the Extreme Greed level at 94 today. Bitcoin surged past $99,000 after news broke that SEC Chair Gary Gensler will step down on Jan. 20—the same day Donald Trump returns to the White House. Investors expect Trump's presidency to bring a more crypto-friendly stance, fueling bullish momentum for Bitcoin. With pro-crypto policies anticipated, Bitcoin continues its rapid climb, reaching new highs and nearing the $100,000 milestone.   What’s Trending in the Crypto Community?  BTC breaks through $99,000, setting a new all-time high. Tether (USDT) market cap breaks through $130 billion, setting a new high. Bitcoin mining company MARA completed $1 billion convertible note financing.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change XRP/USDT +27% SOL/USDT +11.63% MOG/USDT +20.85%   Trade now on KuCoin   Read More: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin Surpasses $99,000 on Regulatory News and Trump's Win Source: KuCoin 24HR BTC/USDT Chart   Bitcoin (BTC-USD) jumped to $99,000 as traders reacted to news of SEC Chair Gary Gensler's resignation. This change coincides with Trump's upcoming presidency, which could introduce more favorable crypto regulations. Bitcoin has climbed 40% since Trump's victory earlier this month, with investors eyeing the symbolic $100,000 target. Reports suggest Trump's team is discussing the creation of a dedicated crypto policy office, which has fueled more optimism.   Trump’s Pro-Crypto Sentiment Drives Bitcoin Higher Trump's focus on crypto policy has encouraged investors. Galaxy Digital’s CEO Mike Novogratz expects Trump's SEC pick to be positive for Bitcoin, highlighting the pro-crypto sentiment within his team. Trump's victory has sparked discussions of creating a national Bitcoin stockpile, adding to the excitement. News that Trump Media & Technology Group may acquire crypto trading company Bakkt has further boosted confidence, signaling broader engagement with blockchain.   Read more: Bitcoin Nears $100K Amid 'Trump Trade' Surge: Key Drivers and Impacts   Bitcoin ETFs See Big Inflows Following Trump's Win Source: Google   The introduction of new options tied to IBIT, which began trading on the Nasdaq on Nov. 19, has also contributed to increased liquidity and volume in the crypto market. BlackRock’s iShares Bitcoin Trust (IBIT) gained $13 billion, pushing assets past $40 billion, just 10 months since its launch. This growth came right after Trump's election win. New options tied to IBIT began trading on Nasdaq, boosting crypto trading volume even further.   Options trading provides investors with more avenues to manage risk and gain exposure to Bitcoin without directly holding the asset, which often draws in institutional capital. These options contracts attracted significant interest from traders looking to capitalize on Bitcoin's recent volatility, further driving inflows into Bitcoin-related products.   Read More: Bitcoin Breaks $96K, Memecoins Drive Solana to $8.35 Billion Revenue, MicroStrategy’s $26 Billion Bitcoin Now Outpaces Nike and IBM: Nov 21   NFT Market Soars 94% with Crypto's Bullish Trend Source: CryptoSlam.io   NFTs also surged as the crypto market rallied. Weekly NFT sales hit $181 million, up 94% from the previous week. Ethereum NFTs led with $67 million in sales—a 111% increase—while Bitcoin-based NFTs reached $60 million, up 115%. This uptick breaks a seven-month decline, signaling renewed interest in digital collectibles. The average NFT sale grew to $133 from $71, an 87% increase, showing stronger demand amid rising market optimism.   Source: Cryptoslam.io   The average value per NFT transaction also jumped significantly with the average NFT sale price rising from $71.11 to $133.08—an 87% increase. This growth demonstrates that collectors are willing to pay more for NFTs during periods of positive sentiment, which was fueled by the overall market's bullish outlook. Additionally, Solana, Mythos Chain, Immutable, Polygon, and BNB Chain collectively recorded $45.5 million in weekly sales, highlighting the broader market resurgence across multiple blockchain networks.   Ethereum Trading Volume Hits $7.13 Billion Yearly High Source: KuCoin 24HR Chart ETH/USDT   Ethereum’s network activity jumped, with on-chain volume reaching $7.13 billion on Nov. 15, the highest daily volume in 2024. This beat the previous peak in March and represents an 85% increase since Nov. 1. As Bitcoin rallied to new highs, Ethereum benefited, with investors reallocating funds across the crypto space. Analysts expect Ethereum's volume to continue rising as capital flows into decentralized trading environments.   Ethereum’s increase in trading volume coincided with major inflows from institutional investors. These investors sought exposure to both Bitcoin and Ethereum ETFs, which were recently approved in the U.S., marking a shift from a regulatory crackdown to a more open attitude towards crypto investment. The daily volume represents an 85% increase from Nov. 1, where it stood at $3.84 billion, and this spike highlights the renewed speculative interest in Ethereum, driven by market conditions that favor high-risk assets amid regulatory optimism.   Conclusion Bitcoin's rise to $99,000 marks a major milestone, driven by a shifting regulatory environment and increased institutional adoption. The market has welcomed the upcoming changes at the SEC and Trump's return, sparking fresh optimism. Institutional moves like BlackRock's Bitcoin ETF growth show increased confidence in digital assets. Meanwhile, NFTs and Ethereum have joined in on the market rally, both experiencing strong growth. As Bitcoin approaches the $100,000 level, the crypto space braces for more significant developments and a potentially groundbreaking phase.

Bitcoin’s rally continues to make headlines, as the leading cryptocurrency inches closer to the $100,000 mark. Early Thursday, Bitcoin price touched an all-time high of $97,500 according to Coinmarkecap, marking another milestone in a historic bull run driven by optimism surrounding a pro-crypto government and innovative market developments.   Quick Take Bitcoin makes a new ATH above $97,500, inching closer to the $100,000 milestone. The rally is fueled by pro-crypto U.S. policies under President-elect Donald Trump. Institutional interest surges with BlackRock's IBIT options debuting at $2 billion in volume. MicroStrategy continues aggressive Bitcoin purchases, cementing its role in driving prices higher. Analysts forecast a potential Bitcoin price of $200,000 in coming months. Pro-Crypto Sentiment Boosts Bitcoin Inflows by Over $4B The Republican win in the recent U.S. elections has created a favorable environment for cryptocurrencies. President-elect Donald Trump has pledged to make the U.S. a global crypto leader. His administration's stance is expected to loosen regulatory constraints, sparking optimism among investors.    Institutional players are taking note. More than $4 billion has flowed into Bitcoin exchange-traded funds (ETFs) since the election. BlackRock’s newly launched IBIT ETF options are leading the charge, attracting $2 billion in trading volume on their first day. Analysts view this as a strong signal of growing institutional confidence in Bitcoin.   Read more: Bitcoin’s 90% Price Rally Soon, Trump-Bakkt Rumors Cause 37,000% Surge, AI and Big Data Tokens Rocket 131%: Nov 20   BlackRock’s IBIT Options Reshape the Market with $2B Inflows BlackRock IBIT options puts and calls | Source: Cointelegraph   IBIT options, tied to BlackRock’s Bitcoin ETF, debuted with impressive numbers:   $2 billion in notional exposure traded. A bullish call-to-put ratio of 4.4:1. Options offer traders more tools for hedging risks or betting on price movements. This is expected to increase liquidity and stabilize the market over time. Analysts also suggest that IBIT options could dampen volatility in the long term while attracting new investor demographics.   Corporate Whale MicroStrategy Owns Over 380,000 BTC BTC/USDT vs. MSTR stock over the past month | Source: TradingView    MicroStrategy, a leading corporate investor in Bitcoin, continues to bolster its holdings. Since Trump’s election, the firm has purchased over 51,800 BTC, bringing its total to approximately 331,000 BTC, valued at $31 billion.   The company's strategy has not only pushed Bitcoin prices higher but also solidified its position as a key player in the crypto market. Shares of MicroStrategy have surged nearly 900% in the past year, showcasing the market’s confidence in its approach.   Read more: Possibility of U.S. Strategic Bitcoin Reserve Surge as Pennsylvania Introduces Strategic BTC Legislation   Bitcoin Price Predictions and Market Sentiment  Bitcoin’s price has doubled this year and risen 40% since the election. Analysts project it could reach $200,000 in the coming months, driven by:   Increased institutional adoption. The introduction of sophisticated trading instruments like IBIT options. A supportive regulatory environment under the Trump administration. However, some caution remains. Traders warn that the market’s rapid growth could lead to corrections, especially if bullish momentum wanes.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Bitcoin Technical Analysis: Key Levels and Trends BTC/USDT price chart | Source: TradingView    Bitcoin’s bullish momentum shows no signs of slowing down, with the asset trading just shy of $97,000. A closer look at its technical setup reveals critical levels and trends that could determine its near-term trajectory.   Key Support and Resistance Levels Immediate Resistance: $98,000A decisive breakout above $98,000 could pave the way for a move toward the psychological $100,000 mark. Support Levels: $93,800 and $92,800On the downside, immediate support lies at $93,800, bolstered by a bullish trendline. If this level fails, the next major support is at $92,800, aligning with the 61.8% Fibonacci retracement level of the recent upward move. Technical Indicators Signal Bullish Continuation MACD (Moving Average Convergence Divergence): The hourly MACD remains firmly in the bullish zone, suggesting strong buying momentum. This indicator points to continued upward movement in the near term. RSI (Relative Strength Index): The RSI is above the 50 mark, confirming that bulls are in control. However, traders should monitor for signs of overbought conditions as Bitcoin nears $100,000. BTC Price Prediction: Potential Scenarios Bitcoin’s price movement has been defined by a strong uptrend since the U.S. elections, with higher highs and higher lows on the hourly chart. A bullish trendline supports the current price action, indicating a continuation of the upward trend.   Bullish Breakout: A clean break above $97,000 could drive Bitcoin toward $98,000, with the potential to test $100,000 in the coming days. Analysts suggest that such a move would likely attract additional buying interest, reinforcing the rally. Temporary Pullback: Failure to sustain above $93,800 might lead to a pullback toward $92,800 or even $91,500. This would allow the market to consolidate before resuming its upward trend. What’s Next for Bitcoin? The $100,000 mark remains the immediate psychological target for Bitcoin. Breaking this barrier would place its market capitalization above $2 trillion, further cementing its status as a mainstream asset. Analysts believe that near-term support levels around $93,800 will be critical in maintaining upward momentum.   In the broader market, crypto-related stocks and ETFs are also seeing significant gains, indicating that Bitcoin’s rally is driving a ripple effect across the industry.   Conclusion Bitcoin’s historic surge reflects growing optimism in the cryptocurrency market. With institutional players stepping in and a supportive government on the horizon, the stage is set for continued growth. As Bitcoin approaches the $100,000 milestone, it’s clear that the “Trump trade” has reshaped the landscape, potentially ushering in a new era for digital assets.

Bitcoin briefly surged to $96,699, hitting a new all-time high on November 20th, and is currently priced at $96,620, while Ethereum is at $3,102, up by 1% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.4% long versus 49.6% short positions. The Fear and Greed Index, which measures market sentiment, was at 83 yesterday and maintains the Extreme Greed level at 82 today. The crypto market is experiencing an unprecedented surge, with Bitcoin reaching a new all-time high of above $96,699 today. Solana, driven by memecoin activity broke records in daily transaction fees and revenue. Meanwhile, MicroStrategy continues to grow its Bitcoin holdings, now surpassing cash reserves held by major corporations like Nike and IBM. This article explores the recent achievements of these major crypto players and examines their impact on the broader market.   What’s Trending in the Crypto Community?  MicroStrategy plans to sell $2.6 billion and use the proceeds to buy Bitcoin. MicroStrategy's market cap surpassed $110 billion, reaching an all-time high; it is now among the top 100 publicly traded companies in the U.S. by market cap. Sky (formerly MakerDAO): USDS is now live on the Solana network. Stripe launched a feature for B2B payments using stablecoins.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change FLOKI/USDT +10.86% XTZ/USDT +4.37% TAO/USDT +2.99%   Trade now on KuCoin   Read More: Bitcoin to $200K: Bernstein’s Prediction, MicroStrategy Buys $4.6 billion BTC, Goldman Sachs to Launch New Crypto Platform and More: Nov 19   Bitcoin Breaks $96K All-Time High: Is $100K Certain? Bitcoin surged to a new all-time high of $96,000 today following steady bullish momentum since the 2024 election. Despite some initial hesitation Bitcoin has remained strong as it moves closer to the psychological $100,000 level. This massive run began after the U.S. election with Bitcoin emerging as the big winner among various market assets.   Source: BTC 1 Day KuCoin Chart   BTC/USDT faced significant resistance at key levels like $90,000 and $85,000 but buyers showed aggressive support forming a series of higher lows. This pattern led to an ascending triangle which indicated a breakout was coming. Now with Bitcoin at $96,000 the next major target is the iconic $100,000 level—a mark that could ignite excitement and media attention across financial markets.   Key Levels and Buyer Sentiment Bitcoin's journey over the past few weeks has shown the importance of psychological price levels. The $90,000 mark was crucial, acting as both a barrier and eventually a launching pad for the next leg up. As bulls pushed higher $93,500 held as resistance twice creating a foundation for support at each pullback. This behavior highlighted buyer interest at lower levels rather than the top indicating a willingness to defend support zones.   The current challenge lies in maintaining momentum as BTC nears $96,000. If this level sees some initial resistance, past areas of interest including $93,500 and $91,804 may provide much-needed support. As long as Bitcoin can hold above $90,000 the bullish sentiment will remain intact increasing the likelihood of further gains.   The Quick Path to $100K   With Bitcoin now trading at $96,000 the question on everyone's mind is whether it can reach $100,000 soon. Major psychological levels like $100,000 can bring heightened volatility and increased attention but they also come with risk. Investors looking to enter or add to long positions should consider potential pullbacks as opportunities rather than chasing prices at highs. A level like $96,000 could bring some resistance but if Bitcoin finds support at previous resistance points the road to $100,000 could be clear.   Bitcoin's recent rally to $96,000 shows its resilience and the confidence buyers have in pushing prices higher. As we approach the significant $100,000 level caution is necessary but the overall trend remains bullish. If support holds at key levels like $93,500 or $91,804 Bitcoin could continue its climb and break into six figures setting a new milestone for the largest cryptocurrency in the world. The coming weeks will be crucial as Bitcoin aims to achieve this long-anticipated mark potentially rewriting the landscape of global finance.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Memecoins Drive Solana to Record $8.35 Billion Revenue Source: SOL/USDT 1 Week Chart KuCoin   Solana reached a milestone with $11.8 million in daily transaction fees and $5.9 million in revenue. Fueled by the meme coin craze Solana outperformed Ethereum in fees and user activity. The total value locked (TVL) in Solana's DeFi ecosystem hit $8.35 billion showing strong investor confidence and significant liquidity inflow.   Raydium Solana's top decentralized exchange generated $15 million in fees and $1 million in revenue over 24 hours. Solana's ability to handle 65,000 transactions per second with low fees has made it a favorite among traders seeking fast and cost-effective transactions. Raydium’s success reflects the broader surge in Solana's network activity.   Pump.fun a memecoin launchpad on Solana brought in $2.4 million in daily revenue surpassing Bitcoin’s $2.3 million. This shows how meme coins have driven intense activity and increased engagement on Solana.   Solana's token SOL saw a 296% rally this year reaching a market cap of $113 billion with a peak price of $247 on November 19. SOL is now the fourth-largest cryptocurrency closing in on Tether's $128.8 billion market cap.   With an average transaction fee of $0.00025 compared to Ethereum's $4.12 and the capacity to handle 65,000 transactions per second Solana offers better scalability and cost efficiency. As meme coins and DeFi services grow in popularity Solana continues to draw users and investors positioning itself for sustained growth and a stronger role in the crypto market.   DeFi TVL: Ethereum vs. Solana | Source: DefiLlama   Read more: Top Solana Memecoins to Watch in 2024   MicroStrategy’s $26 Billion Bitcoin Now Outpaces Nike and IBM Cash Holdings Source: Bloomberg   MicroStrategy now holds $26 billion in Bitcoin after the price surged to $90,000 last week. This amount surpasses cash reserves held by major companies including Nike and IBM. MicroStrategy, one of the largest Bitcoin holders, began accumulating in 2020 making it the first company to adopt Bitcoin as a reserve asset. The company’s Bitcoin value currently rivals ExxonMobil’s treasury and stands just below Intel’s $29 billion and General Motors’ $32 billion.   The company has accumulated 279,420 BTC to date and has seen its stock price jump from $15 to $340—a 2,100% increase since it began investing in Bitcoin. MicroStrategy plans to acquire more Bitcoin over the next three years under the 21/21 Plan aiming to spend $42 billion—$10 billion in 2025, $14 billion in 2026 and $18 billion in 2027. This plan would bring the company’s holdings to approximately 580,000 BTC, around 3% of the total supply.   MicroStrategy has secured funding from equity and fixed-income securities totaling $21 billion for the acquisitions. In October 2024 the company purchased 7,420 BTC worth $458 million followed by an additional 27,200 BTC in November worth $2 billion. Bitcoin continues to dominate the crypto market with trading volume hitting $43 billion in the past 24 hours. MicroStrategy’s aggressive approach makes it a major player in the Bitcoin market outperforming traditional corporate cash holdings.   MicroStrategy's aggressive Bitcoin strategy continues to set it apart from traditional corporations making it one of the most significant players in the crypto space. By surpassing corporate giants like Nike and IBM in cash reserves through Bitcoin the company highlights the shifting landscape of corporate treasury management. With plans to acquire even more BTC MicroStrategy shows unwavering confidence in Bitcoin's long-term value positioning itself to shape the future of digital finance.   Conclusion The crypto market's momentum shows no signs of slowing down. Bitcoin's climb to $96,000 Solana's record-setting revenue and MicroStrategy's massive Bitcoin holdings underscore the growing significance of digital assets in both retail and institutional finance. As these cryptocurrencies push toward new milestones their influence on global financial systems continues to expand, reshaping how both investors and corporations perceive value in the digital age. The coming months will be crucial as these projects aim to further solidify their roles in the evolving financial landscape.

Pennsylvania Introduces the Bitcoin Strategic Reserve Act The possibility of the United States creating a Strategic Bitcoin Reserve has gained momentum. With Donald Trump returning to the presidency in 2025 the political landscape may become more favorable for Bitcoin. Legislative moves and growing crypto support are adding fuel to this push. Odds of a national Bitcoin reserve have surged especially after new bills surfaced in Pennsylvania.   Polymarket—the largest prediction platform—shows that the likelihood of Trump establishing a Strategic Bitcoin Reserve within his first 100 days has jumped from 22% on November 10 to 38% now. This spike came after Pennsylvania introduced the Bitcoin Strategic Reserve Act. The Satoshi Action Fund which drove this initiative also helped pass the Bitcoin Rights bill in the state legislature last month. The group is now working with 10 other states on similar legislation which could create a ripple effect across the U.S.   If these bills pass they could have major effects on Bitcoin markets. Pennsylvania’s bill proposes investing up to 10% of state funds including the General Fund, the Rainy Day Fund and the State Investment Fund into Bitcoin. According to the 2023 Pennsylvania Treasury Annual Investment Report these funds manage around $51 billion in assets. A 10% allocation would mean an estimated $5.1 billion going directly into Bitcoin marking a significant step for state-level crypto adoption.   BTC/USDT price chart | Source: KuCoin   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   The BITCOIN Act Creates a U.S. Strategic Bitcoin Reserve On a federal level attention is also on the BITCOIN Act. Senator Cynthia Lummis introduced the BITCOIN Act to create a U.S. Strategic Bitcoin Reserve by accumulating both purchased and confiscated BTC. Currently the U.S. government holds at least 69,370 BTC seized from criminal activities. With Bitcoin at $92,000 that equates to a reserve of $6.4 billion that would no longer be liquidated but held as a long-term asset.   The BITCOIN Act also proposes purchasing up to 200,000 BTC annually for five years leading to 1 million BTC by 2029. Based on today’s price this translates to $18.4 billion per year or $92 billion over five years. Alongside Pennsylvania’s potential $5.1 billion allocation the total purchasing effort could reach $23.5 billion.   The total amount of BTC being bought—around 256,000 BTC—would cover almost an entire month of Bitcoin trading volume at Coinbase. Coinbase reported 309,000 BTC in average monthly volume during Q3 this year. Such large purchases could greatly affect Bitcoin’s supply-demand dynamics.   Read more: Bitcoin’s 90% Price Rally Soon, Trump-Bakkt Rumors Cause 37,000% Surge, AI and Big Data Tokens Rocket 131%: Nov 20   Bitcoin’s Revolution to Become a Global Currency: Countries with the Top BTC Supply Bitcoin's total circulating supply is about 19.5 million BTC with only 1.5 million BTC left to mine before reaching the 21 million cap. Introducing a demand for up to 200,000 BTC per year for five years would absorb much of the available supply. This increased buy-side pressure combined with a reduced sell-side due to seized BTC being held could drive prices much higher and tighten market liquidity.   If these U.S. initiatives succeed they could inspire other countries and sovereign funds to consider Bitcoin allocations. Bitcoin would shift from a speculative asset to a strategic one comparable to gold in national reserves. Approval of these bills could also influence institutional investors. A U.S. Bitcoin reserve might prompt pension funds, wealth funds and insurers to increase their Bitcoin allocations.   Top Governments BTC Holdings. Source: Arkham Intel   Globally adopting Bitcoin as a reserve asset challenges the traditional financial system. Countries like Bhutan and El Salvador have already accumulated Bitcoin. Bhutan holds 12,568 BTC valued at $1.15 billion while El Salvador has 2,381 BTC worth over $219 million. These moves highlight Bitcoin’s growing recognition as a store of value.   According to Arkham:   “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from Bitcoin mining operations, which have ramped up dramatically since early 2023.”   Read more: Best Spot Bitcoin ETFs to Buy in 2024   Conclusion With Trump set to take office the world will watch whether he follows through on his pro-Bitcoin agenda. A U.S. Strategic Bitcoin Reserve could redefine Bitcoin’s global role, solidifying it as a hedge against inflation and a strategic asset for national security. The coming months will be crucial with the Bitcoin reserve likely remaining a central topic in crypto circles. The impact could reach far beyond the U.S. potentially sparking global Bitcoin adoption among nations seeking financial sovereignty.

Bitcoin briefly surged to $93,905, hitting a new all-time high on November 19, and  is currently priced at $92,292 showing a +2.02% increase, while Ethereum is at $3,106, down by -3.16% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50% long versus 50% short positions. The Fear and Greed Index, which measures market sentiment, was at 90 yesterday and maintains the Extreme Greed level at 83 today. According to the analysts, Bitcoin could see a 90% rally if key metrics like the Puell Multiple continue breaking out. With favorable macro conditions and strong RSI, BTC is on track to reach six figures, potentially $174,000.    What’s Trending in the Crypto Community?  Japanese listed company Metaplanet increased its Bitcoin holdings by 124.11 BTC. Trump and Musk observed SpaceX's sixth Starship test flight on-site. SpaceX's heavy-lift rocket "Starship" successfully completed its sixth test flight. Michael Saylor introduced Bitcoin purchasing strategies to Microsoft's board and he will assist streaming platform Rumble in buying Bitcoin as well.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change GOAT/USDT +14.16% BONK/USDT +8.94% LEO/USDT +8.16%   Trade now on KuCoin   Read More: Bitcoin to $200K: Bernstein’s Prediction, MicroStrategy Buys $4.6 billion BTC, Goldman Sachs to Launch New Crypto Platform and More: Nov 19   Bitcoin Metric Breakout Hints at 'Inevitable' 90% Price Rally Bitcoin bulls may see a strong rally as key BTC metrics show rare breakout signs this month. On Nov. 18, on-chain analytics platform CryptoQuant highlighted a rare golden cross for Bitcoin’s Puell Multiple; a crucial indicator for mining profitability.   Bitcoin Puell Multiple chart. Source: CryptoQuant   Puell Multiple Nears Breakout Point   Bitcoin bulls could gain from a 90% price surge if the Puell Multiple breaks out. The metric has crossed its 365-day moving average only three times in five years, and each time, BTC/USD surged significantly. In March 2019, a Puell cross led to an 83% rally. January 2020 saw a 113% surge, and the most recent cross in January 2024 produced 76% gains.   Puell Multiple measures the daily value of mined Bitcoin against its 365-day average, giving insights into miner profitability. When it crosses the moving average, BTC often sees rapid gains. If it breaks above the SMA365 now, history suggests Bitcoin could rise by an average of 90%. This would take BTC from its current $92,000 level to over $174,000. CryptoQuant added that favorable macro conditions—like low interest rates and positive regulatory signals—could boost the chances of this “inevitable” rally.   Source: 1 Week BTC/USDT Chart KuCoin   RSI Signals Bull Market Has Just Begun   Analysts say the most intense upside for Bitcoin may still lie ahead. BTC/USD has gained over 40% in Q4 so far, and the “parabolic phase” of the market may last for around 300 days before hitting a new macro top. Expectations of Bitcoin hitting six figures are growing, but retail FOMO could lead to a significant correction.   Commentator Preston Pysh predicted that many will soon experience Fear of Missing Out (FOMO) as this Bitcoin cycle unfolds. Analyst PlanB also expects the main FOMO wave to hit in early 2025. PlanB referenced the RSI, which tends to stay above 70 in bull runs. As of Nov. 18, BTC’s RSI was at 74.4, suggesting that the bull market may have just begun. An RSI above 70 typically means the asset is overbought, but for Bitcoin, it usually signals the start of explosive growth periods.    Bitcoin stands on the edge of history. If key metrics like the Puell Multiple continue to break out, a 90% rally may follow. With macro conditions favorable and RSI indicating strong momentum, BTC may soon make its way to six figures. The next few months will be crucial as Bitcoin moves toward new heights, potentially hitting $174,000.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Trump-Bakkt Rumors Cause 37,000% Surge in Solana Memecoin   BAKKT/USD hourly price chart. Source: TradingView   A new BAKKT memecoin launched on Solana surged 37,000% within 24 hours, fueled by rumors of Trump Media’s Bakkt acquisition.   Why Did BAKKT Memecoin Rise So Much?   A report by the Financial Times suggested Trump Media may acquire Bakkt, creating hype. Developers quickly launched the BAKKT memecoin to take advantage of the news. The token saw $162.54 million in trading volume on the first day, but liquidity was only $1.18 million. Low liquidity led to extreme price swings as small buy or sell orders caused big changes in price.   The surge in BAKKT reflects how the market reacts to news-driven narratives. Trump’s rumored involvement sparked interest, but the low liquidity raised concerns about potential pump-and-dump schemes. Opportunistic traders often launch tokens tied to headline events, making them attractive for speculative gains, but risky for anyone unaware of the volatile nature of these tokens.    Read more: Trending Memecoins to Watch This Week as Crypto Market Sees Record Highs   BAKKT Part of the Trump Memecoin Craze   The BAKKT pump follows other Trump-themed tokens, which have seen similar hype cycles. Tokens like “TRUMP2024” and “Department of Government Efficiency (D.O.G.E)” have gained attention but also experienced sharp corrections. The Department of Government Efficiency token jumped 350% after Trump’s election win but lost 65% soon after. This pattern shows the high risk associated with Trump-themed tokens. Though gains can be rapid, they rarely last, and investors should expect steep corrections.   BAKKT's rise also highlights the role of sentiment in the memecoin market. Unlike established cryptocurrencies, memecoins often rely on news, influencers, and hype. Investors should remember that while these tokens can offer quick returns, they can also lead to significant losses if the buzz fades.   BAKKT’s sudden rise shows the power of news in the crypto market. The Trump connection drove interest, but low liquidity means caution is needed. Whether BAKKT can sustain its gains remains uncertain, and investors should be wary of potential corrections. Memecoins tied to political or celebrity events may offer short-term gains, but they remain speculative at best.   Read more: Dogecoin Soars 80% in 1 Week as Trump Introduces 'DOGE' Department, Backed by Musk and Ramaswamy   AI and Big Data Tokens Surge 131% Amid Bitcoin Rally   AI and big data crypto tokens are surging as Bitcoin’s bull run fuels confidence across the market. These tokens are nearing all-time highs after recovering from declines earlier this year.   Market capitalization and volume of AI and big data tokens, 30 days. Source: CoinMarketCap   AI Tokens Recover Lost Value   Since June 8, AI and big data crypto projects have seen their market cap rise by 131.4%, reaching $42.1 billion. Key projects like Near Protocol, Internet Computer, and Render led the growth. Earlier in 2024, the market had declined from a $45 billion peak in March to $18.2 billion in June. But in the last six months, AI tokens made a comeback and are set to break their $45 billion record soon. This growth shows renewed investor confidence as AI continues to attract attention within the tech space.   Other AI projects, like Bittensor and Artificial Superintelligence Alliance, also contributed to the recovery. These tokens provide solutions focused on machine learning, blockchain, and decentralization. AI tokens now represent 1.36% of the $3.09 trillion crypto market cap. The surge aligns with Bitcoin’s rally, regulatory clarity, and renewed investor confidence. Many investors see AI tokens as part of the next wave of blockchain innovation, and their current growth reflects rising optimism in the technology.   Market capitalization and volume of AI and big data tokens, one year. Source: CoinMarketCap   AI tokens differ from traditional cryptocurrencies by focusing on machine learning and data processing. Investors have been more interested as AI becomes a more critical aspect of both blockchain and technology industries, and the renewed growth hints at bigger things to come for these projects.   Read More: Top 15 AI Crypto Coins to Know in 2024   Conclusion AI and big data tokens have rebounded strongly alongside Bitcoin. With their market cap nearing all-time highs, these tokens may soon surpass previous records. As confidence grows, AI projects are well-positioned for continued growth amid favorable conditions. Bitcoin's journey toward six figures seems increasingly likely if key metrics like the Puell Multiple continue to align. Favorable macro conditions and strong RSI add to the case for a major rally, possibly pushing BTC to $174,000. Meanwhile, BAKKT's dramatic rise illustrates how influential news can be in crypto, though its low liquidity makes it a risky bet. Investors should tread carefully, especially with tokens driven by political hype, as their gains can vanish as quickly as they appear. Read more: Top AI Crypto Projects Across Leading Sectors in 2024

The U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin ETF options in September 2024, clearing the way for their trading on major exchanges like Nasdaq by as soon as November 19, 2024. This landmark development introduces regulated derivatives tied to spot Bitcoin ETFs, giving investors new opportunities to hedge risks, speculate on prices, and enhance liquidity in the Bitcoin market. The launch is expected to redefine how institutional and retail investors interact with Bitcoin, marking a transformative moment for the cryptocurrency industry.   Quick Take Spot Bitcoin ETF options offer a regulated and transparent entry point for both institutional and retail investors. They provide advanced tools for price discovery, hedging, and risk management, accelerating Bitcoin’s journey into mainstream finance. The launch of spot Bitcoin ETF options connects Bitcoin to the largest financial markets, boosting liquidity and stabilizing price volatility. Institutions gain new ways to deploy sophisticated trading strategies, legitimizing Bitcoin as a global financial asset. Let’s delve deeper to understand why these options are a milestone for Bitcoin and could unlock unprecedented opportunities for the leading cryptocurrency and its growing ecosystem.   What Are Spot Bitcoin ETF Options? At their core, spot Bitcoin ETF options are financial derivatives. They give investors the right—but not the obligation—to buy or sell shares of a spot Bitcoin ETF at a pre-determined price within a specified timeframe. Unlike futures, which often involve complex settlement processes, spot ETF options are directly linked to Bitcoin’s spot market price, offering greater transparency.   The introduction of options trading on spot Bitcoin ETFs marks a significant milestone for the crypto market. It adds depth to Bitcoin’s derivatives landscape, which remains underdeveloped compared to traditional asset classes. It also introduces a regulated and efficient way for investors to access Bitcoin derivatives, bridging the gap between traditional finance and the cryptocurrency world. By enabling advanced trading strategies such as hedging and arbitrage, these products are expected to attract institutional capital, enhance liquidity, and provide greater stability to Bitcoin’s price dynamics. The rapid adoption of ETF options highlights the growing acceptance of Bitcoin as a legitimate financial asset, paving the way for further innovation in cryptocurrency markets.   Read more: How to Trade Options on KuCoin: A Beginner’s Guide   The Role of ETFs in Bitcoin’s Evolution To appreciate the significance of this launch, it’s essential to understand the journey of Bitcoin ETFs. Spot Bitcoin ETFs made waves when they were first approved, enabling investors to gain direct exposure to Bitcoin without the challenges of owning or storing the cryptocurrency.   Now, the advent of options on these ETFs takes this concept to the next level. Options provide additional layers of utility, including:   Hedging Risk: Investors can protect their portfolios against adverse price movements. Speculative Opportunities: Options allow traders to bet on Bitcoin’s price movements with limited downside risk. Enhanced Liquidity: Options markets bring more participants, increasing trading volumes and depth. Read more: What Is a Bitcoin ETF? Everything You Need to Know   The Importance of Spot Bitcoin ETF Options Launch Source: X    The launch of spot Bitcoin ETF options is not merely a market development—it’s a transformative event poised to reshape the crypto landscape by introducing greater depth, legitimacy, and accessibility.   1. Boosting Market Liquidity and Stability Spot Bitcoin ETF options attract a diverse range of participants, including speculators, long-term hedgers, and institutions. This diversity enhances market liquidity, making it easier for traders to enter and exit positions without significant price swings. With deeper liquidity pools, Bitcoin’s historically volatile price movements could stabilize, creating a more predictable environment. This stability encourages further institutional participation, bolstering Bitcoin’s position as a reliable asset.   2. Accelerating Market Maturity Currently, Bitcoin’s derivatives markets are underdeveloped compared to traditional financial assets like equities and commodities, where derivatives often dwarf the underlying spot markets by 10 to 20 times. Bitcoin’s listed derivatives account for less than 1% of its $1.8 trillion market cap. Spot Bitcoin ETF options could unlock trillions of dollars in potential trading volume, fostering market depth and bringing Bitcoin derivatives closer to parity with traditional asset classes.   3. Fostering Financial Innovation The success of ETF options is likely to inspire the creation of new Bitcoin-related financial instruments, such as structured products, swaps, and futures. This expanding ecosystem offers diverse opportunities for both retail and institutional investors, further integrating Bitcoin into mainstream financial markets. As Bitcoin follows the trajectory of traditional equities and commodities, its derivatives market could grow exponentially.   4. Enhancing Legitimacy and Institutional Onboarding For years, regulatory uncertainty has deterred cautious institutional players. The launch of regulated ETF options provides the legitimacy these institutions need to enter the market confidently. Institutions now have tools to deploy sophisticated trading strategies, such as hedging and portfolio management, further embedding Bitcoin into global financial systems. As institutional participation grows, the perceived credibility of Bitcoin as a financial asset strengthens, encouraging adoption across industries.   5. Democratizing Access for Retail Investors Spot Bitcoin ETF options also open doors for retail investors, who have historically been excluded from sophisticated financial products. These options democratize access, enabling smaller players to participate in transparent and regulated derivatives markets. Retail investors can now employ advanced trading strategies like hedging, arbitrage, and speculation, expanding Bitcoin’s investor base and driving market growth.   The combination of increased liquidity, reduced volatility, innovative financial products, institutional onboarding, and retail participation positions spot Bitcoin ETF options as a cornerstone of Bitcoin’s evolution into a mature and widely accepted financial asset. This launch is not just a milestone for the crypto market—it’s a gateway to unprecedented opportunities.   How Will the Launch of Spot Bitcoin ETF Options Affect Bitcoin Price?  The launch of spot Bitcoin ETF options could represent another turning point for Bitcoin and the broader cryptocurrency market. By bridging the gap between traditional finance and crypto, these products provide new opportunities for investors of all sizes.   Short-Term Impact: A surge in trading activity and inflows as institutions and retail investors embrace ETF options. Long-Term Growth: As the derivatives market matures, Bitcoin’s market cap could see exponential growth, driven by increased liquidity and adoption. Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Who Are the Key Players in Spot Bitcoin ETF Options?  The launch of spot Bitcoin ETF options is set to begin with BlackRock’s iShares Bitcoin Trust (IBIT), a leading U.S.-based spot Bitcoin ETF. BlackRock, a global asset management giant, has already attracted $29 billion in inflows to IBIT in 2024, solidifying its dominance in the Bitcoin ETF market. Nasdaq, the stock exchange hosting IBIT, plans to start options trading as early as November 19, according to Alison Hennessy, Nasdaq’s head of ETP listings. Hennessy highlighted the enthusiasm among investors, calling the launch an exciting opportunity to meet growing market demand for advanced trading tools. Options trading on IBIT will allow investors to hedge risks and make leveraged bets on Bitcoin’s price movements.   The U.S. Securities and Exchange Commission (SEC) cleared the path for these options in September, approving rule changes for exchanges like Nasdaq, the New York Stock Exchange (NYSE), and Cboe Global Markets. While IBIT leads the charge, other Bitcoin ETFs are expected to introduce options trading soon, with Bloomberg Intelligence analyst James Seyffart predicting additional launches within days. These developments underscore a broader effort to integrate Bitcoin into traditional financial systems, offering regulated tools for both retail and institutional investors.   Additionally, Nasdaq has taken the lead in listing these options, with plans to introduce them as early as November 19. Analysts, including Bloomberg’s Eric Balchunas, have labeled this launch a “big deal,” emphasizing its potential to revolutionize Bitcoin trading dynamics.   Benefits of Spot Bitcoin ETF Options for Investors Institutions are critical drivers of liquidity and stability in financial markets. The U.S. equity markets, which account for 44% of the global equity market, represent the largest and most liquid capital markets in the world. By introducing Bitcoin ETF options into this ecosystem, the door is opened for institutional capital to flow into Bitcoin at an unprecedented scale.   For Institutional investors Advanced Risk Management: Options allow institutions to hedge their Bitcoin exposure efficiently, reducing risk. Portfolio Diversification: Bitcoin derivatives provide a new asset class for sophisticated investment strategies. Liquidity Depth: Institutional participation increases market depth, stabilizing prices and reducing volatility. For Retail Investors: A New Era of Participation For retail investors, the launch of spot Bitcoin ETF options is equally transformative. Traditionally, options trading has been the domain of well-resourced institutional players. Now, retail participants can access these tools, enabling them to:   Transparent Access: Retail traders can now use options for hedging and speculative purposes in a regulated environment. Leveling the Playing Field: These tools enable smaller investors to employ strategies previously reserved for institutional players. Expanding the Investor Base: Broader access to derivatives increases Bitcoin’s appeal and adoption. This democratization of access could significantly expand Bitcoin’s investor base, further boosting liquidity and adoption.   Conclusion The SEC’s approval of spot Bitcoin ETF options marks a pivotal moment in Bitcoin’s evolution. By integrating Bitcoin into the largest and most liquid financial markets, these options offer a platform for growth, stability, and legitimacy. They unlock new opportunities for both institutional and retail investors, reinforcing Bitcoin’s position as a credible financial asset.   However, it’s crucial for participants to approach these innovations cautiously. The complexity of derivatives trading and potential market volatility require careful evaluation of risks and informed decision-making. With proper risk management, the launch of spot Bitcoin ETF options could catalyze Bitcoin’s journey from a niche asset to a cornerstone of global financial markets.   Read more: Bitcoin to $200K: Bernstein’s Prediction, MicroStrategy Buys $4.6 billion BTC, Goldman Sachs to Launch New Crypto Platform and More: Nov 19

Bitcoin is currently priced at $90,465 showing a +0.68% decrease, while Ethereum is at $3,208, down by +4.30% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.4% long versus 50.6% short positions. The Fear and Greed Index, which measures market sentiment, was at 83 yesterday and maintains the Extreme Greed level at 90 today. Bitcoin's journey is evolving with Berstein experts predicting a price of $200,000 by 2025. Recent actions by key players like Michael Saylor and Goldman Sachs combined with supportive regulations could create the conditions for another major bull run. Let's explore the main catalysts driving Bitcoin's growth and their impact on the crypto market.   What’s Trending in the Crypto Community?  CoinShares: Digital asset investment products saw net inflows of $2.2 billion last week. "Memecoin" Google search interest reached an all-time high. Tether-supported Quantoz launched MiCA-compliant stablecoins USDQ and EURQ. MicroStrategy bought approximately 51,780 Bitcoins for about $4.6 billion last week, at an average price of $88,627 per Bitcoin  MSTR shares surged by nearly 13% on Monday to trade at $384.79 at market closing Bitcoin mining difficulty increased by 0.63% to 102.29 T this morning, setting a new high.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change AKT/USDT +28.75% XTZ/USDT +37.72% HBAR/USDT +41.45%   Trade now on KuCoin   Read More: Solana Leads 89% New Token Launches, Bitcoin’s Path to $100K in November, and $PNUT’s Meteoric $1 Billion Rise: Nov 15   When will Bitcoin Rocket to $200,000? Bernstein’s Key Catalysts BTC/USDT KuCoin Chart 1 Week    Analysts at Bernstein have outlined catalysts that could push Bitcoin to $200,000 by 2025. Gautam Chhugani and his team see the current market turning painful for Bitcoin bears and expect a rally to $100,000 soon. They cite positive regulatory changes under President Trump including crypto-friendly picks for Treasury Secretary and SEC Chair as major drivers.   “Demand for bitcoin this cycle is led by institutions, corporates and retail,” the Bernstein analysts said. “We believe the next bitcoin cycle will be sovereign led and the political seeds for a sovereign led market are being sown today. The political winds of change are favoring candidates that prefer crypto deregulation and are against potential surveillance from a CBDC.”   Trump's proposed national Bitcoin stockpile as promised during his campaign could mark the start of sovereign adoption pushing Bitcoin to new highs and positioning it as a strategic reserve. Bitcoin ETFs are also seeing strong inflows with an average net inflow rate of $1.7 billion per week. In addition MicroStrategy plans to raise $42 billion over the next three years for Bitcoin acquisitions signaling strong future demand.   “As [these] regulatory catalysts play out, we would expect a new-found confidence in the crypto bull market, reflected in not just higher bitcoin prices but overall crypto market cap impacting prices of ETH, SOL and leading digital assets,” they noted.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   MicroStrategy’s Latest $4.6 billion Bitcoin Purchase   Source: Google   Michael Saylor's MicroStrategy recently bought $4.6 billion worth of Bitcoin, increasing the company's holdings by over 51,000 BTC. This move reinforces Saylor's belief in Bitcoin as a superior store of value. The purchase was announced on X and the company's total holdings now stand at 331,200 BTC valued at $16.5 billion. MicroStrategy (MSTR) stock price surged by nearly 13% on Monday to trade at $384.79 at the time of writing.    The average cost per BTC for MicroStrategy is $49,874 which shows the substantial unrealized gains compared to the current price above $90,000. MicroStrategy plans to raise $42 billion over the next three years to continue buying Bitcoin. This consistent accumulation signals strong institutional support and reinforces the bullish sentiment surrounding Bitcoin's long-term value.   Read More: MicroStrategy's Bitcoin Holdings and Purchase History: A Strategic Overview   Goldman Sachs to Spin Out New Crypto Platform, GS DAP Goldman Sachs plans to spin out its crypto platform called GS DAP into a new company focused on blockchain-based financial instruments. According to Bloomberg Goldman is working with partners to expand the platform's capabilities with Tradeweb Markets as a strategic collaborator.   The spinout is expected to complete in 12 to 18 months pending regulatory approvals. Mathew McDermott Goldman's head of digital assets emphasized the importance of creating an industry-owned solution. Goldman also plans to launch new tokenization products in the US and Europe focusing on tokenized real-world assets like Treasury bills.   "Establishing a new, standalone company independent of Goldman Sachs and its Digital Assets business will help to provide the future runway for digital financial services by ensuring a fit-for-purpose, long-term solution," the bank said in a statement.   Tokenized RWAs have risen significantly with around $2.4 billion in value locked as of November 14. Goldman is one of the largest buyers of Bitcoin ETFs this year and the growing number of these ETFs has contributed to renewed momentum in the market. The bank aims to offer secure permissioned blockchain solutions for financial institutions focusing on fast execution and new collateral options for RWAs.   Conclusion   Bitcoin's path to $200,000 may be driven by supportive regulations, institutional adoption and innovative financial products. Key players like Michael Saylor and Goldman Sachs show faith in Bitcoin's future driving demand through strategic investments. The recent memecoin craze has driven explosive growth in Solana-based coins and SUI ecosystem. Investors looking for long-term opportunities in crypto should keep an eye on these catalysts shaping the market's future. Read more: Trending Memecoins to Watch This Week as Crypto Market Sees Record Highs

Donald Trump’s decisive 2024 election victory and a projected Republican-controlled Congress signal a seismic shift in U.S. crypto policy, as per news reports on Reuters. Trump’s pro-crypto stance has positioned him as the “crypto president,” with promises to overhaul the nation’s approach to digital assets.   Quick Take Trump proposes eliminating capital gains taxes on U.S.-issued cryptocurrencies like Bitcoin (BTC), Cardano (ADA), and Ripple (XRP). Industry eyes a new SEC chair and improved banking access for crypto firms under Trump’s leadership. Optimism drove Bitcoin above $93,000 last week, with $100,000 within reach. Speculation rises over U.S. plans for a federal Bitcoin reserve and state-level initiatives. Crypto companies spent $119M on pro-crypto candidates, expecting favorable policies. No Capital Gains Tax on U.S. Crypto: A Game-Changer? According to a news report on Brave New Coin, under Trump’s plan, U.S.-issued cryptocurrencies would be exempt from capital gains taxes, creating a significant competitive advantage. Tokens like Cardano (ADA), Ripple (XRP), and Hedera Hashgraph (HBAR) could become more appealing to investors.   This move aims to drive capital flows toward U.S.-based projects, boosting domestic innovation and economic growth.   “American-made cryptocurrencies will become the most logical investment for U.S. citizens,” predicted Good Morning Crypto.   Speculation on Broader Policy Implications Trump’s administration may also explore:   Nation-State Crypto Adoption: Federal-level support for Bitcoin as a reserve asset. Tax Incentives for Sustainable Mining: Encouraging eco-friendly practices in Bitcoin mining, tied to Trump’s “Freedom Cities” initiative. Executive Orders: Immediate measures to streamline crypto regulation and enhance market clarity. Read more: Trump’s Win Fuels Crypto Hopes as Bitcoin Hits New Highs and Memecoin Platform Pump.Fun Soars $30.5 million: Nov 7   Industry Invests Over $119M in Pro-Crypto Policies Crypto companies spent over $119 million supporting pro-crypto congressional candidates, anticipating a favorable regulatory environment. These efforts reflect the industry’s focus on influencing policy and ensuring a supportive framework for growth.   Trump’s proposed policies, including tax cuts and reduced regulatory barriers, could justify this investment by accelerating blockchain adoption across industries.   Trump’s Pledge for a Crypto Advisory Council To strengthen ties with the industry, Trump has pledged to establish a crypto advisory council. This group would include key players in blockchain policy to guide legislation and foster innovation.   Jonathan Jachym from Kraken noted that leadership choices will be critical:   “Everybody in Washington is asking and thinking about... who’s going to lead these agencies.”   Trump’s Victory Paves Way for Crypto Policy Overhaul Industry executives are optimistic about significant policy changes, including executive orders granting crypto firms better access to banking services and appointments of crypto-friendly regulators.   “The voters of America said very clearly they want to see that,” said Mike Belshe, CEO of BitGo.   These anticipated changes could reshape the U.S. crypto landscape, making the nation a global hub for blockchain innovation and investment.   Crypto Industry’s Expectations: SEC Chair and Banking Access The crypto industry has high hopes for sweeping regulatory reforms under Trump’s administration, starting with the appointment of a crypto-friendly chair to lead the Securities and Exchange Commission (SEC). Such a move would signal a shift toward regulatory oversight that prioritizes innovation and supports the growth of digital assets. Industry leaders believe that a supportive SEC chair could play a pivotal role in crafting a balanced regulatory framework, ensuring the United States remains competitive in the rapidly evolving blockchain sector.   Beyond leadership at the SEC, crypto firms are also pushing for improved access to banking services. For years, regulatory uncertainty and skepticism have created barriers for crypto companies seeking financial services. Simplifying banking access could unlock new opportunities for both established companies and startups, enabling them to operate more efficiently within the U.S. financial ecosystem.   Kara Calvert, Coinbase’s U.S. policy head, underscored the critical role of leadership in shaping these changes. She noted that while large platforms like Coinbase have a vested interest in regulatory clarity, smaller startups are equally dependent on having a regulatory environment that fosters innovation and growth.   “It’s important for companies like Coinbase, but also for all the smaller startups... to have a point of view.”   These expectations reflect the broader sentiment within the industry: that with supportive leadership and clear regulatory pathways, the United States could become a global hub for cryptocurrency innovation. However, much will depend on the administration’s ability to translate these ambitions into actionable policies.   Strategic Bitcoin Reserve: Federal and State-Level Initiatives Rumors are circulating about Trump’s administration backing a Strategic Bitcoin Reserve. According to Forbes, such a move would align with growing state-level crypto initiatives and could position Bitcoin as a key national asset.   Industry insiders suggest several U.S. states may introduce laws supporting state-controlled Bitcoin reserves, with federal backing potentially on the horizon.   “This could reshape global crypto competition and accelerate adoption at an unprecedented scale,” noted one source close to the administration.   Additionally, reports indicate that other nations, including Poland, are exploring similar reserves, underscoring the international momentum toward government-held digital assets.   Read more: Bitcoin Rockets Past $93K on Surging U.S. Demand – When Will It Reach $100K?   Bitcoin Soars Past $93,000 Amid Policy Optimism BTC/USDT price chart | Source: KuCoin   Bitcoin surged above $90,000 following Trump’s election, fueled by optimism over his crypto-friendly policies. Analysts predict Bitcoin could hit $100,000 soon, with some even forecasting a meteoric rise to $1 million in the long term.   Dennis Porter from the Satoshi Action Fund emphasized the speed of potential growth:   “The jump from $100k to $1mil will happen much faster than people realize. Gradually then suddenly.”   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Global Crypto Adoption: The Road Ahead Optimism surrounding recent developments in U.S. crypto policy remains high, but challenges persist. Passing comprehensive legislation for a regulatory framework is expected to take time, even with a favorable stance from the new administration. Addressing concerns about federal budget deficits, potentially exacerbated by proposed tax cuts, adds another layer of complexity to policy implementation.   While Trump’s victory signals a potential shift in the crypto industry’s trajectory, the road ahead is not without uncertainty. Promises of tax relief, strategic initiatives, and the creation of a crypto advisory council have raised expectations for significant progress in the digital assets space. However, the pace and scale of these changes will depend on legislative support and execution.   As Bitcoin edges closer to the $100,000 milestone, the U.S. stands at a critical juncture in its efforts to solidify its leadership in the global crypto market. Yet, investors should remain cautious. Market volatility, regulatory delays, and global economic factors could impact the implementation of these policies and the broader crypto landscape.   Read more: Trending Memecoins to Watch This Week as Crypto Market Sees Record Highs

Bitcoin is currently priced at $89,854 showing a -0.79% decrease, while Ethereum is at $3,075, down by -1.81% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 48.6% long versus 51.4% short positions. The Fear and Greed Index, which measures market sentiment, was at 90 yesterday and maintains the Extreme Greed level at 83 today. The crypto world has seen explosive moves lately. Ripple's XRP made significant gains while Shiba Inu (SHIB) aims for a huge price target and Solana-based DApps raked in record fees during memecoin mania. In this article we explore what drives these gains and their impact on the broader crypto market. Let’s break down what these stories mean for investors and the crypto community.   What’s Trending in the Crypto Community?  Michael Saylor hinted at continuing to increase BTC holdings. XRP Rises Over 25% Boosted by Regulatory Hopes and ETF Filing cbBTC circulating supply exceeded 15,000, with a market cap surpassing $1.3 billion. Solana's market cap surpassed Sony and Medtronic, ranking 165th in global asset market cap.    Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change XRP/USDT +9.72% PNUT/USDT +10.82% SHIB/USDT +3.89%   Trade now on KuCoin   Read More: Solana Leads 89% New Token Launches, Bitcoin’s Path to $100K in November, and $PNUT’s Meteoric $1 Billion Rise: Nov 15   XRP Rises Over 25% Boosted by Regulatory Hopes and ETF Filing The price of Ripple's XRP token has surged nearly 25% in the past 24 hours, reaching its highest level since November 2021, marking a significant shift for the cryptocurrency. According to KuCoin, XRP now stands at $1.13. XRP added $20 billion to its market cap which has reached $65 billion. There wasn't a specific announcement but traders seem optimistic about a favorable regulatory outcome for Ripple and the resolution of its battle with the SEC.   XRP/USDT Trading Chart | Source: KuCoin    Ripple's Chief Legal Officer Stuart Alderoty noted the hard part of the fight is behind us:   "Please remember the SEC’s broader strategy: try to create distraction and confusion for Ripple and the industry. But honestly, it’s just background noise now. The hard part of the fight is behind us," Ripple's Chief Legal Officer Stuart Alderoty recently wrote on X.   Significant XRP transfers followed with over $316 million moved in the last two days. The price rise led to significant on-chain activity. One wallet moved $90 million in XRP to another wallet, as reported by Whale Alert. The analytics provider noted over $316 million in XRP transfers in the past two days. 21Shares filed for an XRP ETF following the success of its Bitcoin and Ethereum ETFs. Canary Capital and Bitwise also filed for XRP ETFs. This indicates growing confidence in XRP's future.   Shiba Inu Forecasts 101% Price Jump, Reach Target $0.000048 Shiba Inu (SHIB) surged 50% after Donald Trump's election victory and now trades at $0.000024. CoinCodex predicts SHIB could double by the end of November 2024 reaching $0.000048. The firm says SHIB is consolidating and ready for another move up.   Source: KuCoin 1 Week SHIB Chart   It surged 280% in March after the Bitcoin halving event. The recent victory of Donald Trump in the US presidential election triggered buying across the market. SHIB rose 50% to its current price of $0.000024.   CoinCodex predicts a 101% surge for Shiba Inu by the end of November. The target price is $0.000048. Investors hope SHIB will reach $0.01 which could bring huge gains for long-term holders. Meme coins show dramatic swings and Shiba Inu's future looks volatile.   Source: CoinCodex   Solana-Based DApps See Record Fees Amid Memecoin Frenzy Solana-based apps have seen a surge in fee revenue. Five of the top ten fee-earning protocols in the last 24 hours are on Solana. Raydium, a Solana market maker, collected $11.31 million in fees. Liquid staking protocol Jito earned $9.87 million in fees, its third-highest on record.   Five of the top 10 protocols by fees were on Solana on Nov. 17. Source: DefiLlama    Memecoins fuel the frenzy around Solana. Peanut PNUT saw a 2800% rise in two weeks. Dogwifhat (WIF) also surged after a Coinbase listing. The largest Solana memecoin Dogwifhat (WIF) listed on Coinbase on Nov. 15 briefly surged to a six-month high of $4.19.   The Department of Government Efficiency is a new US agency under President-elect Donald Trump. It shares the same abbreviation as the memecoin Dogecoin (DOGE) which rallied 140% in the last two weeks.   Solana pushes above $240 despite supply inflation. SOL trades at $234 just 8.5% away from its all-time high of $259. Solana's market cap stands at $112 billion, up 44% from its previous high of $77 billion on Nov. 6 2021. The market cap increase comes from growth in token supply through its inflation schedule which rewards stakers with new SOL tokens. At the time of publication Solana's inflation rate is 4.9% decreasing at a rate of 15% per year according to SolanaCompass data. Solana's token SOL rallied to $242 its highest since 2021 driven by memecoin speculation and increased token supply through staking rewards.   Read More: Top Crypto Projects in the Solana Ecosystem to Watch in 2024   PNUT Price Skyrockets 2800% in 2 Weeks Peanut (PNUT) , a new memecoin inspired by a viral squirrel, skyrocketed by 240% on November 13. The surge began on November 4. PNUT's price rose over 2800% in less than two weeks reaching $1.57. The rally followed an uptick in crypto prices after Donald Trump won the election.   PNUT/USDT price chart | Source: KuCoin   PNUT Price Prediction In the short term, the PNUT price prediction for the next 24 hours hinges on key price action around the $2.45 level. The outcome will largely determine the direction of the token's immediate trajectory. If the price successfully breaks out from the $2.45 area, this signals the potential for a fifth wave extension, indicating a continuation of upward momentum. As more data becomes available, future projections will become more accurate and dependable.   On the other hand, if the price fails to break through and gets rejected, it will likely lead to the start of a prolonged correction. This correction could result in the price pulling back significantly as investors take profits and traders reassess the asset's value. The next weeks are critical for defining whether PNUT can continue its rally or must consolidate before making its next move.   Read More: $PNUT Crosses $1 Billion Market Cap—Is the Hype Real?   Conclusion The crypto market has had surprises this month with XRP's price jumping with legal optimism. Shiba Inu (SHIB) eyed a huge leap and Solana-based DApps set fee records. Memecoin frenzy continues with projects like Peanut (PNUT) gaining traction. Traders and investors watch these trends for opportunities in a volatile crypto landscape. Remember to always do your own research (DYOR) when looking to buying memecoins.

Bitcoin is currently priced at $87,322 showing a -3.38% decrease, while Ethereum is at $3,058, down by -4.02% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.8% long versus 50.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 88 yesterday and maintains the Extreme Greed level at 80 today. The crypto market has been buzzing with major developments that are shaping the landscape of digital assets. Solana is dominating new token launches by 89%, Bitcoin is aiming for a historic $100,000, and the memecoin $PNUT has crossed a billion-dollar market cap. Let’s break down what these stories mean for investors and the crypto community.   What’s Trending in the Crypto Community?  Tether Treasury has minted 9 billion USDT since Trump won the U.S. presidential election. Tether announced the launch of the asset tokenization platform Hadron, allowing users to tokenize various assets, including stocks, bonds, stablecoins, loyalty points, etc. The U.S. spot Bitcoin ETF has accumulated a trading volume of over $500 billion in just ten months since its launch.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change XRP/USDT +17.91% OM/USDT +12.06% HBAR/USDT +10.62%   Trade now on KuCoin   Read More: Top Cryptos to Watch as Bitcoin Crosses $81,000 and Crypto Market Enters 'Extreme Greed' Zone   Solana Powers 89% of New Token Launches as Memecoin Craze Fuels Network Source: The Block   Last week saw a staggering 181,000 new tokens appear on decentralized exchanges (DEXs). Solana accounted for 89% of these launches. Memecoin platforms like pump.fun are driving this surge, creating efficient systems for deploying new tokens. Despite this volume, only about 1% of these tokens are successfully listed on major platforms like Raydium. Still, Solana’s technical strength—fast transactions and low fees—keeps it as the top choice for new projects.   The network processed roughly 41 million non-vote transactions last week, showing high user engagement. Established memecoins on Solana are outperforming, second only to major Layer 1 tokens like Ethereum and Solana itself. This shows that investors are still hungry for high-risk, high-reward opportunities even as institutional capital pours into regulated assets like Bitcoin ETFs.   Solana’s position as the preferred network for new token launches remains secure for now. Its technical edge in fee structure and transaction speed keeps it ahead, though the high failure rate of new tokens reminds us of the speculative nature of these projects.   Bitcoin’s $100K Path Could Accelerate in November BTC/USDT Chart Source: KuCoin   Analysts are predicting that Bitcoin could hit $100,000 before the end of November. This expectation follows historical trends and the recent surge in investor interest since Donald Trump won the U.S. presidential election. Bitcoin recently crossed the $90,000 mark, putting it within striking distance of six figures. Its 100% year-to-date rally has outpaced most traditional assets, highlighting its strong appeal as an investment option.   November has historically been the best month for Bitcoin’s returns. A 14.7% increase from the current price of $87,843 would push it past $100,000. If history repeats itself, Bitcoin could break this milestone within weeks. However, leveraged trading ratios have reached unsustainable levels. Kris Marszalek, CEO of Crypto.com, warned that a market correction might be needed before Bitcoin can push further, urging traders to manage their risk wisely.   Despite the need for possible deleveraging, optimism remains strong. Bitcoin has already gained 20% this month, and analysts believe it could match or exceed its historical average monthly return of 44%. The next few weeks will be crucial for BTC as it inches closer to the much-anticipated $100,000 mark.   Bitcoin average monthly returns. Source: CoinGlass   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   $PNUT Crosses $1 Billion Market Cap $PNUT Price Trend | Source: KuCoin   Peanut the Squirrel ($PNUT) has taken the crypto world by storm. This Solana-based memecoin crossed the $1 billion market cap, driven by a massive price surge of 266.17% within just a few days. With a current price hovering around $1.68, $PNUT has caught the attention of both traders and the broader crypto community.    Yet, the hype brings risk. The fear and greed index sits at 84, indicating “extreme greed.” Such levels often suggest collective euphoria, which can be followed by sudden corrections. Despite this, technical analysts remain bullish, forecasting a potential price of $4.73 by December—a jump of 211.12%.   The rapid rise of $PNUT is reminiscent of earlier memecoin successes like Dogecoin and Shiba Inu, which saw massive gains followed by equally sharp corrections. While $PNUT shows promise, investors must remember that its high volatility carries significant risk. The memecoin recorded 50% of “green” days over the last 30 days—a signal of confidence but not a guarantee of stability. The key question for new investors is whether this is a strategic long-term play or just a speculative short-term bet. As always, only invest what you’re willing to lose, as the history of crypto is filled with quick rises and equally rapid falls.   Read More: BTC ETF Sees Net Inflow of $61.3 million, $DOGE Sees 140% Surge with 75,000 New Dogecoin Wallets, BlackRock Expands Tokenized BUIDL Fund: Nov 14   Pennsylvania House Introduces Bill for Bitcoin Reserve   President-elect Donald Trump, known for his pro-crypto stance, has sparked excitement in the crypto market following his election win. At the Bitcoin Conference in Nashville, he pledged to make the U.S. the "crypto capital of the planet," leading many, including Pennsylvania legislators, to take notice. Satoshi Action Fund announced up to 10 more states are likely to follow suit this year.   State Representative Mike Cabell has proposed a bill to allow the state treasurer to invest up to 10% of Pennsylvania’s general fund in Bitcoin. Cabell believes this move would help the state stay ahead of inflation. Bitcoin’s value jumped by 28.7% after the election, reaching over $89,000, and enthusiasts hope it will hit six figures by Trump’s inauguration in January.   The bill, still in planning, faces challenges, including a Democratic-controlled House, Republican-majority Senate, and Cabell’s end of term, as he lost his reelection bid. However, State Representative Torren Ecker plans to continue pushing the effort. Cabell's focus now is educating other legislators on Bitcoin’s potential.   Representative Cabell said, “This work cannot be done by one lawmaker or even a group of lawmakers; it requires advocates who understand the policy intricacies and can help foster these relationships within state legislatures and Congress.”   Not everyone supports the idea. Hilary Allen, a financial regulation professor, called it "an unequivocally bad idea" due to Bitcoin’s volatility. However, similar moves in other states, like Wisconsin and Michigan, show growing interest in alternative assets. Andrew Bull, a digital assets lawyer, notes that such a bold move is rare but could be effective if held long-term.   Despite risks, Cabell remains committed. "I’m more concerned about inflation than risky investments," he said, expressing confidence in Bitcoin’s potential benefits for Pennsylvania.   Conclusion The crypto market remains highly dynamic. Solana’s leadership in token launches, Bitcoin’s rapid move towards $100,000, and $PNUT’s meteoric rise all highlight the opportunities—and risks—available to investors. Solana continues to dominate new projects, thanks to its technical strengths. Bitcoin’s price surge shows promise, but leveraged positions pose a risk for short-term corrections. Meanwhile, $PNUT’s rapid growth underscores the speculative nature of memecoins. As the market evolves, investors need to stay informed and assess whether each opportunity aligns with their risk tolerance and goals.  

In a historic moment for cryptocurrency, Bitcoin broke through the significant $90,000 resistance mark, soaring past $93,000 on November 13, 2024. The surge is largely attributed to unprecedented demand from U.S. investors, who have increasingly sought exposure to Bitcoin through both direct purchases and exchange-traded funds (ETFs).   Quick Take  Bitcoin shattered the $90K resistance on strong U.S. demand. BlackRock’s iShares Bitcoin ETF saw $1.2 billion in volume. Analysts forecast end-of-year prices ranging from $80K to $100K. PlanB forecasts Bitcoin price to touch $1 million by 2025.  Upcoming $11.8B options expiry in December could influence BTC’s trajectory. Coinbase Premium Index — which tracks the price difference of Bitcoin on Coinbase versus offshore exchanges like Binance — spiked to its highest point since April, underscoring the heavy buying from U.S.-based investors. The premium index indicates that Bitcoin was trading at a higher price on U.S. exchanges, a sign that American traders, including institutional investors, are leading this rally.   The timing of the surge coincided with the opening of U.S. stock markets, highlighting that American investors are driving this latest price breakout. U.S. markets have been increasingly optimistic about Bitcoin as an investment, with high trading volumes reflecting their confidence.   Spot Bitcoin ETFs Lead the Way: BlackRock’s Record Volumes of $1.2B Spot Bitcoin ETF flows | Source: TheBlock   The iShares Bitcoin Trust ETF by BlackRock has quickly become a favorite among institutional and traditional investors. On the day Bitcoin surpassed $90,000, BlackRock’s Bitcoin ETF recorded a trading volume of $1.2 billion within the first hour of U.S. markets opening. This made it the fourth most-traded ETF across all ETF products that day, illustrating significant interest from traditional finance sectors.   How ETFs Have Helped Drive Higher Institutional Interest in Bitcoin BlackRock’s iShares Bitcoin ETF has sparked heightened interest in Bitcoin from large investors, reflecting growing trust and mainstream acceptance of the cryptocurrency. As a regulated and familiar investment vehicle, Bitcoin ETFs are particularly attractive to institutional investors who may be hesitant to enter the volatile crypto market directly. The surge in trading volume for BlackRock's ETF underscores this trend, as more risk-averse players gain Bitcoin exposure through structured, compliant products.   The involvement of BlackRock and other major institutions in Bitcoin ETFs marks a significant shift in Bitcoin's adoption. ETFs provide an accessible entry point, allowing institutions to invest in Bitcoin without dealing with the complexities of direct ownership. This framework appeals to pension funds, asset managers, and other institutional players by offering liquidity, transparency, and regulatory compliance. As ETFs shape Bitcoin's future as a mainstream asset, they open the door for broader acceptance among both retail and institutional investors alike.   Spot Buying Drives Bitcoin’s Rally, Critical to Sustain Uptrend Unlike rallies based on futures or other leveraged products, Bitcoin’s latest surge has been driven by spot buying. According to data on Bitcoin’s cumulative volume delta (CVD), the net buying pressure has been exceptionally strong. Each time the spot CVD shows a significant uptick, Bitcoin’s price tends to increase, suggesting that the current rally may be more sustainable than past surges based on speculative futures trading. Spot trading reflects real purchases rather than derivative-based speculation, meaning buyers are directly acquiring Bitcoin rather than betting on its future price. This trend signals a healthier, demand-driven rise, which could be more resilient in the face of market volatility.   Wall Street Gains from Bitcoin Futures BTC OI-weighted funding rate | Source: CoinGlass    As Bitcoin’s price surges, Wall Street banks have also benefited. Reports indicate that banks have accrued approximately $1.4 billion in gains from Bitcoin futures, further demonstrating that traditional finance players are deeply invested in the asset’s success.   Banks have found a way to gain exposure to Bitcoin’s price without directly holding the asset. By trading Bitcoin futures and ETFs, they can leverage price movements and generate significant returns. This surge in institutional participation is indicative of a growing acceptance of Bitcoin as a legitimate asset class.   December’s $11.8B Options Expiry Could Be a Catalyst for Bitcoin’s Next Move Bitcoin options open interest | Source: Cointelegraph   The significant open interest in Bitcoin options for December 27 creates a scenario in which price movement around that date could drive major market activity. With $11.8 billion at stake, bulls are hoping for a strong close above $90,000, while bears might aim for a lower price to make their put options profitable.   The aggregate open interest for this expiry has a significant tilt toward call (buy) options over puts (sell) options. The majority of calls have a strike price in the $90,000 to $100,000 range. If Bitcoin approaches this level as expiry nears, it could drive additional buying pressure. Conversely, a dip below $90,000 could offer short-term opportunities for bearish traders.   Read more: How to Trade Options on KuCoin: A Beginner’s Guide   Implications of the Options Imbalance Currently, open interest for Bitcoin call options outpaces put options, with $7.9 billion in calls compared to $3.92 billion in puts. This large difference shows that more traders are betting on Bitcoin’s price increasing. The dominant position of call options could lead to a bullish scenario, especially if Bitcoin continues to stay above key levels as the expiry date approaches.   If Bitcoin remains near $88,000 at the time of the options expiry, it would render most put options irrelevant, putting bearish traders at a disadvantage. The December expiry could become a catalyst for a potential year-end rally, pushing Bitcoin toward, or even beyond, the $100,000 mark.   Expert Predictions for Bitcoin’s Price: $80K to $100K According to a report on Cointelegraph, several prominent analysts and market experts have shared their forecasts on where Bitcoin might end the year:   Arthur Hayes (BitMEX): BitMEX co-founder Arthur Hayes envisions Bitcoin reaching $1 million, driven by expansive U.S. fiscal policies and potential regulatory changes under Trump. Hayes predicts that Trump's industrial subsidies and inflation-inducing policies, along with re-shoring efforts, will increase demand for Bitcoin as a hedge against currency devaluation, enabling Bitcoin to surpass all previous bull markets. PlanB: PlanB, the creator of the Bitcoin Stock-to-Flow model, predicts Bitcoin will hit $100,000 by the end of 2024 and could reach $500,000 to $1 million by 2025. He bases this on Bitcoin's scarcity, likening it to gold and real estate, which thrive in inflationary times. PlanB also sees more potential if Bitcoin is adopted as a national reserve asset, especially with pro-Bitcoin U.S. policies. Tony Sycamore (IG Markets): Expects Bitcoin to trade in the low-to-mid $90,000 range, anticipating a rotation toward altcoins in the near term. Josh Gilbert (eToro): Predicts Bitcoin hitting $100,000, driven by strong demand from institutional investors and positive macroeconomic trends. Ki Young Ju (CryptoQuant): Has a more cautious forecast, with an estimate of $58,974. He warns of potential corrections due to overheating in the derivatives market. Pav Hundal (SwyftX): Sees Bitcoin closing the year just above $100,000, based on a Fibonacci extension analysis. Ben Simpson (Collective Shift): Also expects Bitcoin to reach the $100,000 mark, buoyed by the Trump election, easing interest rates, and robust ETF trading volumes. These forecasts highlight a strong consensus that Bitcoin will remain in the high range, with some expecting prices to approach or exceed the six-figure milestone by the end of the year.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   The Road to $100K – What’s Next for Bitcoin? The recent surge past $90,000 has reaffirmed Bitcoin’s position as a resilient, highly sought-after asset. With strong support from institutional investors, robust spot buying, and favorable economic conditions, Bitcoin appears poised to continue its upward trajectory.   The $100,000 mark has become a psychological target for both investors and analysts. While some experts predict caution due to potential corrections, the overwhelming sentiment remains bullish. With the December options expiry acting as a potential catalyst, Bitcoin’s journey toward six figures is likely to capture the world’s attention. As 2024 draws to a close, the question remains: will Bitcoin’s momentum carry it to new all-time highs? The answer may soon be clear.   Read more: BTC ETF Sees Net Inflow of $61.3 million, $DOGE Sees 140% Surge with 75,000 New Dogecoin Wallets, BlackRock Expands Tokenized BUIDL Fund: Nov 14

Bitcoin hit another milestone above $93,000 on Nov. 13 and is currently priced at $90,375, showing a +2.77% increase, while Ethereum is at $3,187, down by -1.79% in the past 24 hours.   The market's 24-hour long/short ratio in the futures market was almost balanced at 49.8% long versus 50.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 84 yesterday and maintains the Extreme Greed level at 88 today. Bitcoin hit a new all-time high today of $93,000, edging closer to the milestone of $100,000. Bitcoin's latest surge took the market by storm. Investors saw new record highs as positive sentiment fueled optimism in the crypto space.   What’s Trending in the Crypto Community?  Net inflows for nine spot Ethereum ETFs turned positive after 79 trading days. USDT market cap surpassed $125 billion, setting a new all-time high. Linea token to be launched in Q1 2025. BlackRock’s BUIDL fund expanded to chains including Aptos, Arbitrum, Avalanche, Optimism, and Polygon.   Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change PNUT/USDT +426.51% PEPE/USDT +77.30% MOG/USDT +43.98%   Trade now on KuCoin   Read More: Top Cryptos to Watch as Bitcoin Crosses $81,000 and Crypto Market Enters 'Extreme Greed' Zone   BTC ETFs Had a Net Inflow of $61.3M on Nov 13 Data monitored by Farside Investors provides insight into the fund activity for both US spot Bitcoin and spot Ethereum ETFs on November 14. The report indicates significant capital movement across multiple funds, reflecting investor activity and sentiment.   BTC/USDT Chart. Source: KuCoin   The Spot Bitcoin ETF saw a net inflow of $61.3 million in BTC, signaling a considerable uptick in investor interest in Bitcoin. Additionally, the BITB fund experienced a net inflow of $12.3 million, showing a sustained appetite for exposure to Bitcoin through this specific ETF vehicle.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   ETHW Had a Net Inflow of $13M on Nov 13th In the case of Ethereum, the Spot Ethereum ETF had several key inflows. The ETHW fund recorded a net inflow of $13 million, suggesting strong interest in alternative Ethereum-based assets. The primary Ethereum ETF (ETH) saw a more modest net inflow of $2.2 million, while the ETHE fund attracted $5.6 million. These inflows point to diverse investor preferences across different Ethereum-related products, reflecting both interest in mainline Ethereum and variations like ETHW.   ETHUSDT Chart Source: KuCoin   The combined inflows for Bitcoin and Ethereum spot ETFs indicate a broader trend of renewed investor confidence in digital assets. With Bitcoin-related funds attracting nearly $73.6 million and Ethereum funds seeing inflows totaling $20.8 million, the data highlights a growing interest in these key assets despite market fluctuations.   $DOGE Sees Nearly 75,000 New Dogecoin Wallets During BTC Bull Run Fueling 140% Price Surge Dogecoin ($DOGE) has surged over 140% in the past week. It now trades above $0.4. This rise has come during a broader market rally and is fueled by a sharp increase in new users joining the network.   Source: X   According to on-chain analytics firm Santiment, Dogecoin saw 74,885 new wallets created over the last week. Each wallet holds less than 100,000 DOGE, which signals growing retail interest. At the same time, larger holders known as sharks and whales saw their numbers drop by 350 addresses. Despite this drop, 108 new large wallets have appeared in recent days, adding more buying power to Dogecoin's market.   Ali Martinez, a popular cryptocurrency analyst, believes this rally could be just the start. He predicts that Dogecoin could go parabolic soon, hitting prices between $3.95 and $23.26. Martinez points to historical trends and Fibonacci retracement levels, which often show key moments of strong movement. If this trend plays out, Dogecoin could surpass expectations and reach new highs.   Dogecoin has also outperformed Bitcoin in recent days. While Bitcoin increased by 25% over the past week, Dogecoin’s surge has been much stronger. Last month, Dogecoin saw its biggest spike in active addresses in six months, with 84,000 wallets becoming active. This level of activity shows that users are not just holding DOGE. They are actively trading and transferring it, keeping the network dynamic and strong.   Read more: Dogecoin Soars 80% in 1 Week as Trump Introduces 'DOGE' Department, Backed by Musk and Ramaswamy   BlackRock Expands Tokenized BUIDL Fund to Aptos, Arbitrum, Avalanche Optimism, and Polygon BlackRock's BUIDL fund, tokenized by Securitize, is moving beyond Ethereum. It now includes Aptos, Arbitrum, Avalanche, Optimism, and Polygon blockchains. This expansion aims to increase access for investors DAOs and digital asset-native firms across these ecosystems. BlackRock wants to capitalize on growing demand for tokenized assets by providing a more inclusive environment for those seeking exposure to government securities.   BUIDL leads the tokenized government securities niche with $517 million in assets. This equals around 22% market share in the $2.3 billion sector. Launched in partnership with Securitize, the fund offers on chain yield, dividend accrual, and near real-time peer-to-peer transfers. Expanding to new blockchain networks will allow developers to integrate BUIDL into their ecosystems, boosting accessibility and potential use cases.   "We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization," Securitize CEO and co-founder Carlos Domingo said. "Real-world asset tokenization is scaling, and we're excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we'll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do."   With Aptos, Arbitrum, Avalanche, Optimism, and Polygon now onboard, developers can work within their preferred blockchain while accessing BUIDL. This broadens the potential for yield-generating investments and deepens liquidity in DeFi. BNY Mellon will continue as the fund’s administrator and custodian, ensuring consistent management across all blockchains. This step shows how traditional institutions like BNY Mellon adapt as blockchain technology evolves.   Read more: Top 5 Crypto Projects Tokenizing Real-world Assets (RWAs) in 2024   The Growing Market for Tokenized Government Securities The market for tokenized government securities is growing fast, and BlackRock's BUIDL fund leads the charge. Launched in March, BUIDL became the largest tokenized government securities fund in less than 40 days. It now holds $517 million in assets, accounting for 22% of the market share. This rapid growth shows that investor interest in blockchain-based financial products is rising.   Franklin Templeton introduced the OnChain U.S. Government Money Fund (FOBXX) through the BENJI token in 2021. It was the first U.S.-registered fund to use blockchain for transactions. BENJI now operates on Aptos, Arbitrum, Avalanche, Stellar, and Polygon with $403 million in assets. Though BENJI was the first, BUIDL quickly overtook it due to its institutional backing and aggressive expansion.   Demand for tokenized assets is growing as investors seek transparency, liquidity, and efficiency. By expanding BUIDL to more blockchains, BlackRock makes these securities more accessible. This opens doors for DAOs and DeFi projects to use these assets in their protocols, offering new ways to earn yield and use collateral.   Conclusion With the fast-paced crypto market and Bitcoin hitting another new milestone above $93,000, spot Bitcoin (BTC) ETFs saw a new net inflow of $61.3 million, while ETHW experienced a net inflow of $13 million on November 13th. BlackRock’s BUIDL fund is expanding to Aptos, Arbitrum, Avalanche, Optimism, and Polygon. This expansion aims to make government securities more accessible and integrate them into DeFi ecosystems. BUIDL’s rapid growth highlights the strong demand for tokenized assets. Meanwhile, Dogecoin added 74,885 new wallets last week, driven by bullish sentiment and its connection to Elon Musk. These developments underscore the potential for Bitcoin to soon reach the $100,000 milestone.

Bitcoin is currently priced at $87,936 showing a -0.79% decrease, while Ethereum is at $3,245, up by -3.73% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.3% long versus 50.7% short positions. The Fear and Greed Index, which measures market sentiment, was at 80 yesterday and is now at Extreme Greed level at 84 today. Bitcoin hit a new all-time high of $90,000, edging closer to the milestone of $100,000. The world’s largest cryptocurrency by market cap soared above $90,000, driven by the excitement following Donald Trump's election victory. Bitcoin's latest surge took the market by storm. Investors saw new record highs as positive sentiment fueled optimism in the crypto market.   What’s Trending in the Crypto Community?  Ethereum Foundation EF researcher proposes Beam Chain to reset the Ethereum consensus layer PayPal stablecoin PYUSD enables transfers between ETH and Solana via LayerZero McDonald’s hints at collaboration with NFT project Doodles, more details to be announced on November 18 Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change BONK/USDT +30.21% XLM/USDT +14.08% XRP/USDT +13.22%   Trade now on KuCoin   Read More: Top Cryptos to Watch as Bitcoin Crosses $81,000 and Crypto Market Enters 'Extreme Greed' Zone   Bitcoin Hits $90K Amid Rally Driven by Trump's Victory BTC/USDT  price chart | Source: KuCoin   Bitcoin climbed past $90,000 on Tuesday afternoon, setting a new all-time high. This rally added to its rise of over 30% in the past week. Bitcoin gained 1.8% in just 24 hours, reaching $90,000 as enthusiasm grew for Trump’s victory. Investors viewed Trump’s pro-crypto stance as a significant driver of market optimism.   Alex Thorn, head of research at Galaxy Digital, called it one of Bitcoin's biggest moments. He noted that Monday saw the largest single-day increase in Bitcoin history, adding $8,343 in just one day. This surge also boosted the U.S. spot Bitcoin ETFs, with record inflows seen last week. BlackRock's spot Bitcoin ETF alone saw $4.5 billion in daily volume, marking its highest point since launch.    Eric Balchunas, Bloomberg’s senior ETF analyst, described the surge as a day of “lifetime records.” The excitement didn't end there. Peter Chung, head of research at Presto Research, said that fund managers ignoring Bitcoin risked failing their fiduciary duty. He emphasized the growing importance of Bitcoin in a balanced portfolio, citing regulatory clarity and spot ETFs as key reasons.    Justin d'Anethan, head of APAC business at crypto market maker Keyrock, highlighted the bullish sentiment. He saw Bitcoin’s price milestone as a sign of growing stability and political favor. Supportive regulation played a major role, he said, pointing to lower taxes, less government interference, and dovish central bank policies. Investors viewed these as tailwinds for Bitcoin’s continued growth.   The broader market echoed Bitcoin’s gains. The GMCI 30, an index representing the top 30 cryptocurrencies, climbed 1.1%, reaching 161.54. Experts predicted Bitcoin would hit $100,000 in the next few months, with many confident in continued bullish momentum.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Aggregate BTC/USDT order book. Source: TRDR.io   Read More: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   PayPal Integrates LayerZero for Transfers Between Ethereum and Solana Total Ethereum Stablecoin Supply Source: The Block   PayPal USD (PYUSD) took a major step forward by integrating LayerZero. This move allows easy transfers between Ethereum and Solana. The integration eliminates liquidity fragmentation and ensures fast, secure transfers for users and businesses. PYUSD’s market cap on Ethereum remained stable at $350 million. In contrast, supply on Solana dropped from $660 million in August to $186 million by November.   Jose Fernandez da Ponte, PayPal’s senior vice president, highlighted the benefits of LayerZero. He said the integration provides flexibility and convenience for PYUSD holders. LayerZero Labs CEO Bryan Pellegrino added that LayerZero’s Omnichain Fungible Token (OFT) standard offers unmatched interoperability for stablecoins. This integration allows PYUSD to move easily between Ethereum and Solana, giving users more options.   Sam Altman’s World Project Expands in Brazil Sam Altman's project World, previously called Worldcoin, launched its human verification program in Brazil. The company announced this expansion on Tuesday. Tools For Humanity, co-founded by Altman and Alex Blania, leads development for World. Brazil offers a large market with over 215 million people and a favorable attitude toward crypto.   World’s goal is ambitious. It aims to assign digital identification to every human. By scanning users’ eyeballs, World issues them WLD crypto tokens, confirming their humanity. The project's focus is to address rising threats like AI-powered bots, deepfakes, and identity theft. World said that bad bots now make up almost a third of all internet traffic. Soon, bots may surpass humans in online presence. The project seeks to offer a solution to verify human users in this increasingly automated space.   World has faced scrutiny. Collecting biometric data raised privacy concerns in several countries, leading to bans or restrictions. However, the project insists it does not store biometric data after verification, aiming to alleviate fears while ensuring security.   WLD/USDT price chart | Source: KuCoin    At the time of writing, Worldcoin (WLD) is trading at around $2.26, around 14% down in the past 24 hours. However, the coin has registered gains of over 16% in the past week.    Learn more: What Is Worldcoin (WLD), and How to Get It?   Trump Appoints Musk to Lead DOGE Efficiency Department as Dogecoin Soars President-elect Donald Trump confirmed Tuesday that Tesla CEO Elon Musk and Strive co-founder Vivek Ramaswamy will head the new Department of Government Efficiency (DOGE). The announcement coincided with a surge in Dogecoin's market cap now at $60 billion.   Trump’s Plan to Reshape Government Trump selected Elon Musk and Vivek Ramaswamy to lead DOGE. He announced these leaders will help dismantle government bureaucracy, cut regulations, reduce waste, and restructure federal agencies. Trump said this department will work outside the government focusing on structural reform with an entrepreneurial approach while collaborating with the White House and the Office of Management and Budget.   Musk suggested creating this department and has been involved in staffing decisions since Trump’s election victory. Musk also supports Dogecoin whose acronym matches the new department. He helped fund Trump's campaign appearing at rallies and committing millions to re-election.   Ramaswamy previously competed against Trump in the Republican primaries but has now joined the administration. On X, Ramaswamy posted "We will not go gently" while Musk added "Threat to democracy? Nope, threat to bureaucracy!"   Dogecoin Surges with Announcement DOGE/USDT price chart | Source: KuCoin   Dogecoin's price jumped after Trump's announcement. DOGE rose 12.2% in the past 24 hours now trading at $0.406. The cryptocurrency surged by 136% in the past week pushing its market cap to $60 billion. Musk's association with DOGE and his role in the new department continues to fuel investor interest.   Learn more: Top 10 Dog-Themed Memecoins to Watch in 2024   Conclusion Bitcoin's break above $90,000 reflects a bullish wave across the crypto market. Trump’s election win, coupled with positive regulatory moves, added fuel to Bitcoin's rally. Meanwhile, PayPal expanded its stablecoin utility, and World aimed to enhance user verification globally. Trump appointing Musk to Lead the DOGE Efficiency Department as Dogecoin Soars is edging crypto into the mainstream’s forefront. These developments suggest growing confidence in the crypto market, signaling that this bullish trend may continue well into the future.   Read more: Top Altcoins to Watch This Week as Bitcoin Breaches New High of Above $89,000