Today's Crypto and Bitcoin News

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 

BTC$100,754.90+1.68%

ETH$2,226.19+1.99%

WLD$0.8139+3.66%

The cryptocurrency market is reaching new heights, fueled by Bitcoin’s unprecedented rally above $89,000 and a surge in overall market capitalization, which now stands at $3.1 trillion. This milestone places the crypto market’s valuation just below France’s GDP, positioning it as one of the world’s largest economic forces. With new momentum across major cryptos, here are the top assets to watch as the crypto market enters a new era of growth.   Quick Take Bitcoin (BTC) has surged to an all-time high of $89,500, marking an 11% increase in the past 24 hours. Ethereum (ETH) hit a peak of $3,384, driven by record-breaking ETF inflows and institutional interest. Solana (SOL) climbed to $222, its highest price since December 2021, fueled by strong DeFi growth. Dogecoin (DOGE) reached $0.41, supported by speculations around Elon Musk’s influence in U.S. crypto policy. Worldcoin (WLD) soared 24% following the expansion of its ID verification project to 40 countries. Sui (SUI) touches a new all-time high of $3.30 after registering almost 60% gains in the past week.  Bitcoin Breaks $89,000, Eyes $100,000 Target BTC/USDT price chart | Source: KuCoin   Bitcoin’s rally continues to redefine market trends, hitting a record high above $89,900 on November 12. BTC’s market cap alone now surpasses that of Spain, placing it as a top financial asset. Analysts expect Bitcoin to maintain its dominance as the primary driver of crypto’s valuation surge. Markus Thielen of 10x Research notes that Bitcoin’s trajectory toward $100,000 could happen before year-end, particularly with growing institutional inflows into Bitcoin ETFs.   Further reinforcing this bullish outlook, the post-halving supply constraints are tightening Bitcoin’s availability, a phenomenon that experts like Jesse Myers attribute to Bitcoin’s exponential price growth. Bitcoin’s limited supply, combined with surging demand from U.S. ETFs, has created a “flywheel effect” that is likely to push prices even higher.   Read more: Bitcoin at 89k, Solana Soars Close to All Time Highs at $222, Bitcoin ETF Trading Volume Increases to $38 Billion: Nov 12 Ethereum Hits $3,400 Amid Record ETF Inflows and DeFi Expansion ETH/USDT price chart | Source: KuCoin   Ethereum continues to gather momentum, with its price climbing above $3,400 on November 12, driven by institutional demand and DeFi growth. Spot Ether ETFs saw inflows totaling nearly $295 million, with Fidelity’s ETF leading the way. This influx of capital is helping Ethereum narrow the performance gap with Bitcoin, bolstered by increasing adoption in the DeFi sector. Vitalik Buterin recently emphasized Ethereum’s dual focus on finance and information systems, aiming to expand the network's utility and institutional appeal.   Analysts are optimistic that Ethereum could soon approach $4,000, particularly if the U.S. SEC approves spot ETH ETF options. Ethereum’s long-term potential as a decentralized finance platform continues to attract both retail and institutional investors.   Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade? Solana Surges to $223 on DeFi Growth, New ATH Soon? SOL/USDT price chart | Source: KuCoin    Solana has seen a remarkable recovery, reaching $223, marking a 35% increase over the past week. This rally is largely attributed to Solana’s strong DeFi ecosystem, with total value locked (TVL) reaching $7.6 billion, the highest level since 2021. Key decentralized applications like Raydium and Drift are significantly boosting Solana’s ecosystem, helping to attract new users and capital to the network.   Solana’s growth has reignited talks of a potential “flippening” with Ethereum, where its market cap could challenge or surpass Ethereum's. Solana’s active community and high-speed blockchain technology position it well for continued upward movement, with analysts speculating a new all-time high if the current trend persists.   Read more: Solana vs. Ethereum: Which Is Better in 2024? Dogecoin Surpasses $0.42 as Elon Musk’s Influence Boosts Investor Confidence DOGE/USDT price chart | Source; KuCoin    Dogecoin, the original memecoin, has experienced a strong rally, climbing over $0.42 and surpassing its three-year high. This surge is linked to speculation that Elon Musk, a prominent supporter of Dogecoin, may take a government role under the Trump administration. Musk’s association with crypto-friendly policies has renewed interest in Dogecoin, leading to a surge in options trading.   As retail interest in Dogecoin grows, the token is well-positioned to continue its upward momentum, with some analysts predicting it could revisit its previous high of $0.73.   Read more: Top 10 Dog-Themed Memecoins to Watch in 2024 Worldcoin (WLD) Jumps 24% on Global Expansion of ID Verification WLD/USDT price chart | Source: KuCoin   Worldcoin, co-founded by Sam Altman, has seen its price rise by 24% as it expands its ID verification project across 40 countries. The World ID program uses biometric verification, which has resonated well in new markets in Europe and Latin America, driving interest in the WLD token. This expansion has boosted trading volume and attracted large-scale investors, with over 45% of WLD holders now profitable at current prices.   Analysts believe Worldcoin’s focus on decentralized identity could position it as a key infrastructure project within the crypto ecosystem, with the potential to reach new price levels if the current momentum continues.   Read more: Best Decentralized Identity (DID) Projects to Watch in 2024 Sui (SUI) Reaches New All-Time Highs as DeFi Growth Bolsters Market Cap SUI/USDT price chart | Source: KuCoin   Sui (SUI) has recently emerged as a top-performing cryptocurrency, reaching a new all-time high of $3.30 on November 11, 2024, with a surge in market cap to $9.83 billion. Over the past week, SUI’s price has skyrocketed nearly 60%, positioning it among the top assets to watch as it gains traction in the decentralized finance (DeFi) space.   At the time of writing, SUI is trading at $3.08, with a trading volume of $2.95 billion in the past 24 hours. The coin has seen consistent support from technical indicators like the bullish BBTrend and EMA alignment, signaling strong buying momentum that could propel SUI to even higher levels if the trend persists.   Sui’s Total Value Locked (TVL) has also seen impressive growth, reaching a peak of $1.48 billion. This increase underscores the network’s growing adoption and usage within the DeFi ecosystem. As Sui’s market cap rises and its DeFi ecosystem grows, the network is drawing attention for its ability to attract liquidity and user participation, signaling robust support for future growth. With key support levels around $2.21, Sui is poised to maintain its upward trajectory, setting the stage for potential new highs and solidifying its position as a major player in the crypto market.   Read more: SUI Price Soars 66% to Record Market Cap: What’s Next for SUI? Crypto Market on Track for $10 Trillion Valuation by 2026? According to a recent report by Standard Chartered, a favorable regulatory environment under the Trump administration could quadruple the crypto market cap to $10 trillion by 2026. The bank cites potential positive policy changes as a significant tailwind for crypto, suggesting that institutional adoption could drive valuations to unprecedented levels. Geoff Kendrick, head of digital assets research at Standard Chartered, points out that the growth of use-case-driven digital assets will play a critical role in the next market phase.   Conclusion The crypto market’s recent rally, led by Bitcoin’s breakthrough to $89,000, marks an exciting time for investors. With Ethereum, Solana, Dogecoin, and Worldcoin showing strong momentum, these assets are among the top to watch. However, as the market enters “extreme greed” territory, investors should stay vigilant and consider risk management strategies. The surge in market cap and favorable U.S. policy prospects signal continued growth, yet market volatility remains a key factor for the months ahead.

Bitcoin is currently priced at $88,637 showing a +10.30% increase, while Ethereum is at $3,371, up by +5.89% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 51.2% long versus 48.8% short positions. The Fear and Greed Index, which measures market sentiment, was at 76 yesterday and is now at Extreme Greed level at 80 today. Bitcoin and Solana are soaring to new heights today. Bitcoin hit a new all-time high of $89,000, edging closer to the milestone of $100,000. Solana also surged, reaching $222 and sparking optimism about breaking its previous record at $260.    What’s Trending in the Crypto Community?  Bitcoin surpassed $89,000 today and now BTC’s market value exceeds silver. Total open interest in Bitcoin contracts across the network exceeds $50 billion, setting a new record. Circle announced that USDC will soon support Unichain. Circle introduces a new concept, supporting AI agents to operate and trade independently using USDC. MicroStrategy acquires 27,200 BTC for approximately $2.03 billion. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change CRO/USDT +67.28% WLD/USDT +25.35% LEO/USDT +24.21%   Trade now on KuCoin   Read More: Top Cryptos to Watch as Bitcoin Crosses $81,000 and Crypto Market Enters 'Extreme Greed' Zone   Bitcoin Nears $100K Milestone, Today at $89K  BTC/USDT Price 11/12/24 Source: KuCoin   Bitcoin hit $89,000, just 12% away from the elusive $100,000 mark. Analysts point to increased spot Bitcoin ETF inflows and heightened market volatility. Many see this rally as a sign of growing confidence in Bitcoin's value, especially with regulatory clarity in sight.   Investors predict this crypto bull run will extend into 2025, likely peaking in the second half. Analysts at MV Global see these trends as indicators of growing institutional involvement in Bitcoin.   Polymarket's odds for Bitcoin breaking $100,000 by the end of 2024 surged to 54% after the price reached $89,000. Earlier in the day, "yes" shares on the prediction market traded at $0.32. By the afternoon, they reached $0.57, a 78% jump. Trading volume surpassed $2.6 million, reflecting increased betting on Bitcoin hitting the big $100K. As of November 11, Bitcoin was trading at $86,512, marking an 8.1% gain in just 24 hours.   Source: Polymarket   Bitcoin’s recent surge attracted significant attention, with $88.4 billion traded in a day. During that time, $193 million in liquidations took place, indicating rapid market movement. Polymarket, a decentralized prediction platform founded by Shayne Coplan, saw $6.01 billion in cumulative volume by November 11. Most of this activity centered around the U.S. presidential election but shifted quickly as Bitcoin gained momentum.   Solana’s Rally to $222 Raises Hopes for a New Record Solana’s native token (SOL) surged 35% between November 5 and November 11, reaching $222. This rally brought SOL within 20% of its all-time high of $260. Investors believe the price surge could continue, especially following Bitcoin’s recent performance. Increased institutional inflows and optimism around U.S. regulatory developments have contributed to this bullish sentiment.   Solana total value locked (TVL) in USD. Source: DefiLlama   Solana has also outperformed other altcoins, which saw a 33% increase over the same six-day period. Investor confidence in Solana is growing, driven by an increase in smart contract activity. Total Value Locked (TVL) on Solana reached $7.6 billion by November 10, its highest since December 2021. Key decentralized apps like Jito, Raydium, Drift, and Binance’s liquid staking drove a 36% growth in deposits.   While some criticize Solana for its reliance on memecoins like Dogwifhat, Bonk, and Popcat, the blockchain's activity extends beyond just meme assets. Platforms like Pump.fun have boosted decentralized exchange (DEX) volumes on Solana, with weekly volumes hitting $17.1 billion by November 2. This level of activity hasn’t been seen since March 2024 and gave Solana a 26% share of the DEX market, even overtaking Ethereum. In November, Solana collected $88.2 million in monthly fees, strengthening its network security.   Compared to other blockchains, Ethereum collected $131.6 million, while Tron earned $49.1 million over 30 days. Solana’s ability to generate significant revenues despite its smaller TVL demonstrates its growing influence in the blockchain ecosystem. Magic Eden, Solana’s leading NFT marketplace, saw over 77,000 active addresses in 30 days, surpassing Ethereum’s OpenSea, which had 37,940 active addresses.   This data shows that Solana's appeal goes beyond memecoins. Traders are also using Solana for NFTs and other decentralized activities, contributing to its growth. Analysts have pointed out that SOL futures funding rates recently jumped to 5%, indicating some over-enthusiasm. However, as of November 11, rates settled back to a neutral 1.8%, suggesting a healthy balance between leverage and spot activity.   Solana weekly DEX volumes, USD. Source: DefiLlama   Bitcoin ETF Trading Volume Soars to $38 Billion as BTC Hits $89K Source: The Block   Bitcoin's latest rally sparked explosive trading activity. On November 11, Bitcoin hit a new high of $89,000. This surge pushed combined daily trading volume for Bitcoin ETFs, MicroStrategy, and Coinbase shares to $38 billion. This record volume shows growing investor interest as Bitcoin closes in on the $100,000 milestone.   Bitcoin Pushes Trading Volume to Record Levels Bitcoin jumped 11% to reach $89,500 on November 11. The price rally drove massive trading in US spot Bitcoin ETFs, MicroStrategy (MSTR), and Coinbase (COIN). Combined trading volume hit a record $38 billion. This smashed the previous $25 million high set in March. Bloomberg ETF analyst Eric Balchunas called it a day of “lifetime records being set everywhere.”   BlackRock's iShares Bitcoin Trust ETF (IBIT) alone saw $4.5 billion in trading. Balchunas described it as a week of intense inflows. He said, "It really deserves a name like Volmageddon." The massive activity showed all-time high investor interest in Bitcoin and related assets.   MicroStrategy and Coinbase Stocks Surge 20-25% MicroStrategy stock jumped 25% to $340 on November 11. The stock hit a new peak, surpassing its previous high from nearly 25 years ago. Trading volume in MicroStrategy stock reached $12 billion. On the same day, MicroStrategy announced the purchase of 27,200 more Bitcoin for $2.03 billion, bringing its total holdings to 279,420 BTC.   Coinbase stock also rallied. COIN climbed almost 20%, closing at $324.2. This marked the first time COIN passed $300 since 2021. MicroStrategy and Coinbase ranked among the top five most-traded stocks during early trading on November 11. They even outpaced Apple and Microsoft, showing intense interest in crypto-related companies.   Conclusion Bitcoin and Solana have gained significant traction, with Bitcoin nearing $100,000 and Solana pushing towards a new all-time high. Market sentiment is strong, fueled by growing institutional interest and favorable regulatory signs. Both assets show increased activity, and investors remain optimistic.    Bitcoin's surge to $89,000 triggered record trading volumes in Bitcoin ETFs, MicroStrategy, and Coinbase. The $38 billion volume set a new high and highlighted the market's enthusiasm for Bitcoin as it nears $100,000. Investor interest is strong and stocks related to Bitcoin are seeing the benefits of this excitement.   The next few weeks could prove critical as these two major cryptocurrencies attempt to set new milestones and define the next phase of the market cycle.   Read more: Top Cryptos to Watch as Bitcoin Crosses $81,000 and Crypto Market Enters 'Extreme Greed' Zone

The cryptocurrency market is experiencing a resurgence in optimism, driven by a series of recent developments that have ignited investor enthusiasm. As Bitcoin (BTC) reaches a new all-time high of $81,697 at the time of writing, the Fear and Greed Index—an indicator of market sentiment—has surged to its highest level in seven months, landing firmly in “Extreme Greed.” With political shifts in the United States, regulatory changes on the horizon, and major altcoins joining the rally, here’s a look at the latest updates in the crypto market and the top assets to watch.   Trump’s election win ignited enthusiasm, with the three major US stock indices hitting record highs on Friday, marking the best weekly performance in a year. Bitcoin continued its rally over the weekend, breaking through $81,000 to set a new all-time high. Capital is flowing rapidly into the crypto market, with Bitcoin spot ETFs seeing a net inflow of $1.615 billion and stablecoin market cap increasing by $4.75 billion.   Quick Take Bitcoin surged to a record $81,697 on November 10, with the Crypto Fear and Greed Index reaching a seven-month high in the “Extreme Greed” zone, reflecting strong investor optimism fueled by pro-crypto sentiment in the U.S. political landscape. Ethereum reached $3,200, its highest since August, with a market cap exceeding that of Bank of America. Anticipation around potential options in spot ETH ETF and DeFi growth is driving institutional interest, positioning Ethereum for further gains. Solana hit $212, marking a 34% gain in one week, driven by strong DeFi and NFT activity on the network. The token’s performance has sparked speculation of a “banana zone” rally, with the possibility of Solana’s market cap challenging Ethereum’s. Dogecoin rose above $0.23, surpassing XRP in market cap, amid speculation of Elon Musk's involvement in the Trump administration. DOGE’s rally may continue if historical patterns hold, possibly revisiting its 2021 high. Cardano spiked to $0.60 following rumors that founder Charles Hoskinson may play a role in U.S. crypto policy under the Trump administration. The announcement of a Washington, D.C., policy office has fueled speculation, with ADA potentially aiming for the $1 level by 2025. Crypto Market Enters 'Extreme Greed' at 76 Crypto Fear and Greed Index | Source: Alternative.me    The Crypto Fear and Greed Index, a measure of sentiment based on factors such as volatility, trading volume, and social media engagement, soared to a score of 78 on November 10, and dipping to 76 on Monday. This places the market in the “Extreme Greed” zone for the first time since April. The index's surge coincided with Bitcoin’s rally past $81,000, driven by recent U.S. political developments and investor expectations of more crypto-friendly regulations.   Bitcoin’s ascent and the broader rally reflect increased interest in crypto as a hedge against inflation and as an investment in technological innovation. Following the reelection of pro-crypto U.S. President Donald Trump and gains by crypto-friendly politicians in Congress, expectations are high for a shift in regulatory attitudes, potentially paving the way for further institutional adoption.   Bitcoin Records New ATH Above $81,000 Amid a Bright Outlook BTC/USDT price chart | Source: KuCoin   Bitcoin has had an extraordinary week, rallying to a new all-time high of $81,697 on November 10, up around 6% for the day. This milestone highlights Bitcoin’s continued appeal as a digital asset, particularly in times of political uncertainty. After initially peaking, BTC has since stabilized above $81,000, yet many analysts anticipate further gains.   According to James Van Straten, a senior analyst at CoinDesk, Bitcoin's recent breakout signals strong momentum that could push its price toward $100,000 by early 2025. Institutional investors have shown renewed interest, with record inflows into Bitcoin exchange-traded funds (ETFs) following Trump’s win. The broader implications of a favorable U.S. regulatory landscape, especially if the SEC revisits its stance on a spot Bitcoin ETF, could provide additional fuel for Bitcoin’s next leg up.   Read more: Trump’s Win Sets BTC on Course for $100K, Solana Nears $200 and More: Nov 8   Ethereum Surpasses Key Level of $3,200, Eyes on ETF Options ETH/USDT price chart | Source: KuCoin   Ethereum (ETH) surged to $3,200 on November 10, its highest level since August, driven by renewed market optimism and increasing institutional interest. With a market cap now around $383 billion, Ethereum has surpassed Bank of America in valuation, signaling a shift in financial dynamics as blockchain adoption accelerates. The U.S. SEC’s consideration of a spot ETH ETF options is further fueling investor demand, with parallels drawn to Bitcoin’s ETF-driven price surges, suggesting potential inflows could significantly boost ETH’s market position.   Ethereum’s recent momentum goes beyond market optimism and regulatory potential. DeFi applications on Ethereum, such as Uniswap and Aave, have shown renewed traction, fueling demand as users continue to embrace decentralized alternatives to traditional finance. Additionally, data from Ultrasound.money shows that while Ethereum was previously deflationary, the issuance rate has recently surpassed its burn rate, resulting in an inflationary supply increase of 0.42% annually. This shift is attributed to an annual issuance rate of 957,000 ETH compared to the current burn rate of 452,000 ETH.   In light of these developments, Ethereum’s co-founder Vitalik Buterin introduced a concept he calls “info finance,” a system that uses prediction markets to offer public insights into future events. This innovative approach to decentralized information gathering aligns with Ethereum’s broader push toward integrating finance and information through blockchain technology, signaling an era of heightened utility and adoption for the network.   Market sentiment is largely bullish, with analysts and community members on X predicting that ETH could soon challenge the $4,000 mark, with some expecting even higher targets, particularly if the spot ETH ETF options receives SEC approval. As Ethereum continues to attract institutional and retail interest alike, the prospect of a new all-time high seems increasingly likely, setting the stage for a potential breakthrough in the DeFi sector and beyond.   Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade?   Solana Surges to $212, Enjoys Strong On-Chain Activity SOL/USDT price chart | Source: KuCoin   Solana (SOL) surged to $212 on Sunday, its highest level since the 2021 bull market, achieving a market cap of over $100 billion. This places Solana among the few cryptocurrencies with valuations in the nine-figure range, a testament to its robust DeFi and NFT ecosystem. The token’s recent performance marks a 34% increase in value over the past week, outpacing many other major assets.   Analysts point to Solana’s rapid recovery since the FTX fallout as evidence of its resilience. Solana’s ecosystem has expanded significantly, attracting DeFi protocols and a growing memecoin community. The recent “flippening” speculation—where Solana’s market cap could potentially exceed Ethereum’s—highlights the excitement surrounding its ecosystem growth. SOL’s technical breakout above $185 signals what some traders describe as the beginning of a “banana zone” rally, where price movements become steep and accelerated.   Read more: Can Solana (SOL) Surge Beyond $200 Amid Bullish Sentiment?   Memecoin King Dogecoin Reclaims Its Crown, Crosses $0.23 DOGE/USDT price chart | Source: KuCoin    Dogecoin (DOGE), the original memecoin, has returned to the spotlight, recently flipping XRP to become the seventh-largest cryptocurrency by market cap. DOGE has gained 30% over the past 24 hours, trading above $0.29, a level not seen since the 2021 crypto bull run. Its market cap has reached over $34 billion, with a possibility of surpassing USDC if current momentum persists.   The recent surge in DOGE’s price is partly attributed to speculation that Elon Musk, a longtime Dogecoin advocate, could play a role in the Trump administration’s “Department of Government Efficiency” initiative, abbreviated as D.O.G.E. Open interest in Dogecoin futures has also increased by 33% over the past week, indicating heightened investor confidence. If historical patterns hold, DOGE could continue its rally in the weeks ahead, potentially challenging its previous all-time high of $0.73.   Read more: Best Memecoins to Know in 2024   Cardano Sees 30% Spike on Hoskinson-Trump Policy Partnership Rumors ADA/USDT price chart | Source: KuCoin   Cardano (ADA) has made headlines with a 30% price jump on November 10, fueled by rumors that founder Charles Hoskinson could collaborate with the Trump administration on crypto policy. ADA reached a high of $0.60, recapturing April levels and representing a reversal in sentiment after a challenging year. Cardano’s open interest in futures has surged, with trading volumes now in the billions, signaling strong investor appetite.   Hoskinson recently announced plans to open a policy office in Washington, D.C., to advocate for the crypto industry. This move is seen as a strategic effort to position Cardano as a player in U.S. regulatory discussions. While speculation about a formal role in the Trump administration remains unconfirmed, Hoskinson’s initiative has already sparked renewed interest in ADA. Analysts are optimistic that Cardano’s price could continue to rise, with some predicting a return to the $1 level by 2025.   Read more: Cardano Chang Hard Fork: All You Need to Know   Conclusion The crypto market is currently on an upswing, with Bitcoin and major altcoins like Ethereum, Solana, Dogecoin, and Cardano reaching significant milestones. Pro-crypto sentiment is strong, bolstered by potential shifts in U.S. regulatory dynamics that may favor digital assets, and institutional interest is adding further momentum to this rally. While these factors position the market for possible continued growth, elevated "greed" levels and rapid price increases serve as a reminder for investors to approach with caution. Market volatility remains high, and sudden shifts can occur, emphasizing the importance of risk management in this speculative environment.

Bitcoin is currently priced at $75,865 showing a +0.38% increase, while Ethereum is at $2,895, up by +6.36% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.1% long versus 49.9% short positions. The Fear and Greed Index, which measures market sentiment, was at 77 yesterday and is now at Greed level at 70 today. With the U.S. presidential election outcome here and the 47th President of the United States announced, the crypto world is experiencing a surge in activity. From political memecoins tied to election outcomes today to major fund inflows driven by political hype, the intersection of politics and cryptocurrency has created a whirlwind of speculation and opportunity.    Donald Trump ’s recent re-election is sending shockwaves through the crypto market as Bitcoin surges to new highs, Solana’s price nears $200, crypto stocks soar and Bitcoin ETFs hit record trading volumes. With a pro-crypto president now in office the market is buzzing with predictions that Bitcoin could reach $100,000 by Inauguration Day.   What’s Trending in the Crypto Community?  The Federal Reserve announced a rate cut of 25 basis points. Ripple’s CEO has called on Trump to swiftly reform U.S. cryptocurrency regulation after assuming office. The market cap of cbBTC has surpassed $1 billion, and Coinbase’s introduction of cbBTC to Solana is expected to encourage DeFi development on the platform. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change RAY/USDT +14.04% UNI/USDT - 4.64% SOL/USDT +3.85%   Trade now on KuCoin   Read More: Trump’s Win Fuels Crypto Hopes as Bitcoin Hits New Highs and Memecoin Platform Pump.Fun Soars $30.5 million: Nov 7   Bitcoin’s Potential to Rocket Towards $100,000 After Trump’s Win Bitcoin smashed through the $76,000 mark on November 6 hitting an all-time high just one day after Trump’s win. Over the past week Bitcoin has risen over six percent signaling strong momentum with Trump in office. Trump has pledged to make the United States the world’s top crypto hub and investors believe his policies could fuel even more gains.   In January Bitcoin saw its first major push when the SEC approved the first US Bitcoin ETF pushing prices to $73,000. Now analysts are optimistic that Trump’s presidency could drive Bitcoin to hit $100,000 by January. A report from Copper Research predicts that ETFs could hold as much as 1.1 million Bitcoin by Inauguration Day if the momentum holds. Copper’s head of research Fadi Abualfa believes that the rally will continue with Trump’s pro-Bitcoin policies.   Source: TradingView   The 50-day Exponential Moving Average (EMA) at $70,290 supports Bitcoin’s bullish momentum. Investors will watch the $75,450 resistance closely, as clearing this level could solidify Bitcoin’s path toward $100,000.   Crypto Stocks and Altcoins Surge Due to Election Outcome Trump’s victory also triggered a rally in US crypto stocks and altcoins. Coinbase’s stock price jumped by 31% while companies like Robinhood MARA Holdings and Riot Platforms saw double-digit gains. Even altcoins responded with tokens like Uniswap surging by 35 percent as Trump’s regulatory promises have fueled optimism in the market. With a lighter regulatory approach expected from the new administration crypto traders see a path for growth especially in decentralized finance projects.   Solana Nears $200 as Open Interest and Institutional Demand Surge Solana futures aggregate open interest, SOL. Source: CoinGlass   Solana (SOL) has captured significant attention following Donald Trump’s election win, reaching its highest value in seven months as demand surges among traders and institutions alike. Between November 5 and November 7, Solana’s price climbed by 22.5%, reflecting a larger rally in the altcoin market that has paralleled Bitcoin’s impressive gains. With SOL now inching toward $200, analysts are watching closely as on chain metrics and institutional interest continue to rise, potentially setting the stage for Solana to become one of the most attractive assets in the cryptocurrency market.   The Republican victory, led by a pro-crypto Trump administration, has raised hopes for more favorable regulations, which could benefit platforms like Solana that offer rapid, low-cost transactions and a robust ecosystem for decentralized finance (DeFi) and NFT projects. Investors see Solana as well-positioned to capitalize on this shifting regulatory landscape, with high-speed processing and scalability that make it appealing for a wide range of applications. This optimism has driven up interest in Solana futures, reaching a record 21.1 million SOL on November 7—a total of $4 billion in nominal terms.   Solana 8-hour average funding rate. Source: CoinGlass   The current 8-hour SOL funding rate is 0.017%, which works out to around 1.5% monthly, showing a neutral-to-bullish outlook. During high market excitement, leverage costs for longs can climb to 2.1% or higher. This rate shows moderate optimism, indicating a chance for more upward movement.   Read more: Top Solana Memecoins to Watch in 2024   Elon Musk Launches D.O.G.E Initiative for U.S. Government Efficiency Source: YouTube   Elon Musk is also stepping into the spotlight with his Department of Government Efficiency (D.O.G.E) making a reference to his beloved DOGE coin, this is an initiative aimed at reducing U.S. government inefficiency. On the November 4th podcast with Joe Rogan, Musk discussed the issues of inefficiency and overreach within the federal government. Musk’s initiative aligns with Trump’s goals for a leaner government focused on economic growth. Musk warned of the growing national debt which he says now exceeds the Defense Department’s budget and could lead to economic troubles. His proposed strategy includes downsizing certain agencies and providing severance to affected employees. Musk’s approach could streamline operations in a way that impacts sectors like finance and tech with deregulation driving future growth.   Source: Michele Zanini Study   When it comes to finance issues, Musk didn’t hold back:   “Interest payments on the national debt now exceed the Defense Department budget… we’re on a path to bankruptcy.”   That’s a huge amount. The defense budget is already enormous, making this comparison even more striking. His experience navigating government regulations with Tesla and SpaceX lends credibility to this perspective.   The Department of Government Efficiency (D.O.G.E.) initiative, proposed by Musk and supported by the Trump administration, aims to streamline federal operations. This initiative has the potential to influence various sectors beyond government, similar to the impact of Musk's ventures in cryptocurrency.   As the D.O.G.E. initiative gains attention, significant changes in federal operations may be forthcoming, reflecting a broader shift towards efficiency and reduced bureaucratic constraints.   BlackRock Bitcoin ETF Sees Record-Breaking Trading Day at $4.1 Billion BTC/USDT price chart | Source: KuCoin    Trump’s win led to unprecedented trading activity for BlackRock’s Bitcoin ETF. On November 6 BlackRock’s iShares Bitcoin Trust recorded over 4.1 billion in trading volume. This was more volume than even major stocks like Netflix or Visa. Bloomberg’s Eric Balchunas called it the second-best trading day for IBIT since its launch. Other Bitcoin ETFs also saw increased activity signaling a strong investor response to the election outcome. Analysts see this as a bullish sign for Bitcoin ETFs which have dominated the ETF market this year.   With Trump’s support for crypto in play analysts believe that demand for Bitcoin ETFs and other crypto assets could continue to rise. ETF Store president Nate Geraci noted that Bitcoin ETFs accounted for six of the top ten ETF launches in 2024. Many expect Trump’s pro-crypto policies to drive additional ETF applications including funds holding altcoins like Solana and XRP.   Fadi Aboualfa of Copper.co projects that Bitcoin could reach $100,000 by January. With Trump’s support and rising demand for Bitcoin ETFs this prediction reflects growing confidence in the crypto market.   Read More: $4 Billion Crypto Bets on Election Day, Bitcoin Reaches New High and More: Nov 6   Conclusion Trump’s re-election has fueled a Bitcoin rally crypto stocks have surged and ETFs have reached record highs. The potential for Bitcoin to hit $100,000 by Inauguration Day reflects investor optimism for a pro-crypto administration and also Solana nearing $200 paints a bright future for the token. With Trump in office the crypto industry anticipates significant growth and regulatory support. This moment could mark the start of a new era for Bitcoin and digital assets with lasting impacts on finance and government policy. Read more: Will Fed Rate Cuts Fuel the Next BTC Rally After Trump’s Win Takes Bitcoin Above $76K?

Bitcoin surged to above $76,000 after Donald Trump’s election win, signaling strong optimism among crypto traders. Following a 6.6% increase within 24 hours, BTC has rallied over 21% in the past month, echoing what’s becoming known as the “Trump trade.” As the Federal Reserve moves towards another rate cut, many believe this trend could continue, with lower rates favoring Bitcoin as an alternative investment.   Quick Take Bitcoin hits a new all-time high of $76,000 following Donald Trump’s election victory. Markets anticipate a 0.25% Federal Reserve rate cut, which could favor Bitcoin. Traders are cautious of Fed Chair Powell’s comments on Trump's policies. Analysts forecast a bullish momentum for BTC through 2025, targeting a “sweet spot” of $130,000–$150,000 by next year. The Fed’s Next Move: Can A Rate Cut See BTC Test New ATH?  All eyes are on Fed Chair Jerome Powell’s comments. A “hawkish” stance could dampen market enthusiasm, but a “dovish” approach would likely signal further rate cuts. Analysts see Powell’s response to Trump’s economic policies as critical. While the rate cut itself is expected, traders are concerned about potential hawkish language that might signal limited future cuts, leading to short-term volatility in BTC.   High probability for a 0.25% rate cut in Fed’s November meeting | Source: CME FedWatch    This Thursday, the Fed is expected to announce a 0.25% rate cut, a move that traditionally bolsters risk assets like Bitcoin. A lower interest rate typically weakens the dollar, pushing investors towards assets perceived as stores of value. According to Polymarket and CME FedWatch, there’s a 97% chance of a quarter-point cut, giving BTC a strong tailwind.   Read more: Trump’s Win Fuels Crypto Hopes as Bitcoin Hits New Highs and Memecoin Platform Pump.Fun Soars $30.5 million: Nov 7   Bitcoin’s “Sweet Spot” – Analyst Predictions for 2025 Bitcoin’s rally to $76,000 has generated significant excitement among investors, with some analysts forecasting a possible surge to $130,000 or even $150,000 by next year. Peter Brandt, a veteran trader, noted that BTC has entered a “sweet spot” within its four-year halving cycle, a period often associated with bullish price action. If historical patterns hold, Bitcoin’s upward trajectory could persist well into 2025, driven by increased scarcity and growing demand.   Adding to this bullish outlook, CryptoQuant highlights Bitcoin’s Market Value to Realized Value (MVRV) ratio, which remains far from peak levels. This ratio, a key metric for gauging market sentiment, indicates that BTC is “not overheated,” suggesting room for further growth without immediate risk of a major pullback.   Bitcoin’s Open Interest (OI) | Source: CoinGlass    Furthermore, Bitcoin’s Open Interest (OI) in futures markets has surged to an all-time high of $45.4 billion, underscoring heightened investor interest. OI measures the total number of outstanding contracts, with a rise signaling that more traders are committing to the market, either by taking long positions to benefit from further gains or by shorting in anticipation of corrections. This growing OI reflects optimism and suggests that traders are confident in Bitcoin’s current “sweet spot” for continued gains.   With Bitcoin’s current momentum and supportive macroeconomic factors, many see this period as potentially transformative. If the bullish cycle continues as anticipated, Bitcoin could reach new highs, marking 2025 as a potentially historic year for the world’s largest cryptocurrency.   Bitcoin’s Allure Amid Inflation and Global Uncertainty With inflation concerns on the rise and the dollar facing pressure, Bitcoin’s appeal as a hedge continues to grow. BTC’s recent high has boosted Open Interest in Bitcoin futures to $45.4 billion, reflecting high investor confidence. Should Powell refrain from commenting on Trump’s policies, Bitcoin’s upward momentum may remain intact, with the market eyeing continued gains.   Read more: Is Bitcoin a Strong Hedge Against Inflation?    The Potential Global Impact of U.S. Policy on Bitcoin According to news reports on Reuters, Trump’s proposed tax cuts and tariffs could stir inflation, potentially keeping interest rates elevated. China, facing tariff pressure, is likely to respond with its own stimulus, adding complexity to global markets. This dynamic could impact Bitcoin’s stability, as currency shifts and increased liquidity drive crypto volatility.   Conclusion Bitcoin’s record highs come amid historic economic shifts, with rate cuts, global trade dynamics, and evolving U.S. policies shaping the landscape. As BTC finds its stride in a complex macro environment, traders remain optimistic about its future, despite potential Fed headwinds. The market watches closely, anticipating the next moves from the Fed and the unfolding impact of Trump’s policies on both the dollar and Bitcoin.   Read more: $4 Billion Crypto Bets on Election Day, Bitcoin Reaches New High and More: Nov 6

Bitcoin is currently priced at $75,571 showing a +8.94% increase, while Ethereum is at $2,722, up by +12.38% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.6% long versus 49.4% short positions. The Fear and Greed Index, which measures market sentiment, was at 70 yesterday and increased to Extreme Greed level today at 77 today. With the U.S. presidential election outcome here and the 47th President of the United States announced, the crypto world is experiencing a surge in activity. From political memecoins tied to election outcomes today to major fund inflows driven by political hype, the intersection of politics and cryptocurrency has created a whirlwind of speculation and opportunity.    Donald Trump’s recent victory in the U.S. presidential election is making waves in the crypto world, promising a future where digital assets may flourish. From Bitcoin’s record-breaking surge to the booming memecoin platform Pump.fun, the market’s reaction underscores a renewed optimism for crypto.   What’s Trending in the Crypto Community?  BTC breaks through $76,000, setting a new record high After Trump’s victory, Wall Street institutions like JPMorgan and Goldman Sachs seek potential IPO opportunities for crypto companies. Tether mints 2 billion USDT on Ethereum Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change NEIRO/USDT +54.49% ENA/USDT +38.33% LDO/USDT +36.38%   Trade now on KuCoin   Read More: Crypto Market Braces for Election Volatility, November Token Unlocks, and Peanut Memecoins: Nov 4   Trump’s Pro-Crypto Win Signals a Shift for the U.S. Live 2024 US presidential election results. Source: Associated Press   The U.S. crypto community is celebrating after Donald Trump declared victory on November 6. With a promise to usher in a "golden age" for America, Trump, now set to serve as the 47th and 45th president, has reignited hope for a crypto-friendly administration. Known for his support of Bitcoin and blockchain, Trump has repeatedly positioned himself as a “pro-crypto candidate,” pledging to end the regulatory "war on crypto" and transform the U.S. into the "crypto capital of the planet."   One of Trump’s first moves, if he follows through on his campaign promises, could be to remove Gary Gensler, the current head of the U.S. Securities and Exchange Commission (SEC). Trump’s stance on crypto was evident when he took the stage at Bitcoin 2024 in Nashville, Tennessee, vowing to replace Gensler with SEC Commissioner Hester Peirce, a known crypto advocate. Trump has also hinted at launching a strategic Bitcoin reserve for the U.S. government, potentially acquiring 200,000 BTC seized from enforcement actions. This stance has ignited confidence in a pro-Bitcoin future, with figures like Dennis Porter, co-founder of the Satoshi Action Fund, declaring that the “anti-Bitcoin movement” in the U.S. is effectively “dead.”   Bitcoin Surges Past $76K in Massive Rally, Liquidating Nearly $400M in Shorts and Boosting Crypto Stocks BTC/USDT price chart | Source: KuCoin    The election buzz has translated into a price rally for Bitcoin, which hit a new all-time high of $76,000 on November 7. This surge brought widespread gains, including a 31% jump in Coinbase’s stock, positioning it among the top gainers in digital asset-related stocks. This new price for BTC surpassed its previous record of $73,800 as Trump took an early lead. Although the price dipped slightly, sitting around $73,871 at the time of publication, the market’s optimism is clear. Bitcoin’s price action has remained highly volatile as investors watch the election results unfold, with early Associated Press data showing Trump leading with 198 electoral votes compared to Kamala Harris’s 112.   Analysts caution that volatility is likely to continue as the election outcome solidifies. Still, many see Trump’s pro-Bitcoin rhetoric as a driver for further gains. Trump has hinted at a more favorable regulatory environment for digital assets, which could catalyze future investment. The market’s positive response to his early lead demonstrates how deeply tied Bitcoin’s performance has become to U.S. political developments. The rally resulted in a total of $592 million in liquidations from leveraged trading positions, according to CoinGlass data. A significant portion, around $390 million, came from short positions—bets that Bitcoin’s price would fall—making it the largest short squeeze in over six months. This event has intensified interest in the crypto market, signaling renewed momentum and potential volatility ahead for both digital assets and associated stocks.   Source: CoinGlass   Pump.fun’s Revenue Surges to $30.5 Million Amid AI and Memecoin Hype Source: DefiLlama   While Trump’s win boosted Bitcoin, the decentralized token creation platform Pump.fun has also hit record revenue. The platform reached $30.5 million in October, marking a 111% rise over the previous month. This surge broke a two-month downtrend, driven by a wave of viral memecoins and a fresh “AI meta” trend on social media.   Memecoins based on popular internet memes surged on Pump.fun, led by tokens like MOODENG, which enjoyed significant price growth. However, the true standout was a new wave of AI-themed tokens, with many being “endorsed” by AI-driven Twitter accounts. Among these, the GOAT token, championed by AI agent @truth_terminal, hit a peak market cap of $920 million on October 24, becoming the highest-valued token to originate from Pump.fun.   Other tokens, such as GNON, fartcoin, and ACT, achieved market caps in the eight- and seven-figure range. Though many of these tokens have since lost over 50% of their peak values, the platform remains a hub for memecoin trading. The recent success of tokens like PNUT, inspired by a viral story of a pet squirrel, shows how quickly social media-driven trends can fuel the memecoin market.   Read more: Top Solana Memecoins to Watch in 2024   Conclusion With Trump’s pro-crypto stance now in power, the U.S. may be on the verge of a crypto renaissance. His victory has already sparked positive momentum, evident in Bitcoin’s all-time high and the continued growth of memecoin platforms like Pump.fun. As new policies emerge, and with promises of regulatory reform, the crypto market anticipates significant changes that could shape its future.    From the White House to decentralized platforms, the next few years could bring unprecedented growth and innovation in the crypto landscape, with investors, traders, and enthusiasts eagerly watching the impact of Trump’s presidency on the market.

Bitcoin is currently priced at $73, 901, showing a +6.55% increase, while Ethereum is at $2,589, up by +6.83% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.1% long versus 49.9% short positions. The Fear and Greed Index, which measures market sentiment, was at 70 yesterday and also stayed at the Greed level today at 70 today. As the U.S. presidential election outcome nears, the crypto world is experiencing a surge in activity. From political memecoins tied to election outcomes today to major fund inflows driven by political hype, the intersection of politics and cryptocurrency has created a whirlwind of speculation and opportunity.    What’s Trending in the Crypto Community?  The voting data from 7 swing states in the U.S. election will be announced by noon on November 6. Prediction market Kalshi tops the Apple App Store free apps chart, with Polymarket in second place. Polymarket is paying U.S. influencers to promote election betting services. Mt.Gox address transfers 2,000 BTC to an unknown wallet, worth $136 million. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change GOAT/USDT +52.57% TAO/USDT +29.94% MOG/USDT +20.70%   Trade now on KuCoin   Read More: Crypto Market Braces for Election Volatility, November Token Unlocks, and Peanut Memecoins: Nov 4   The convergence of political betting, artificial intelligence hardware, and augmented reality highlights the transformative potential of technology and finance across industries. With nearly $4 billion bet on the U.S. presidential race, new ventures in AI-driven consumer robotics, and Apple’s anticipated entry into AR, this dynamic interplay between finance, tech, and influence is shaping the future.   The $4 Billion Election Day Betting Frenzy on PolyMarket Source: Polymarket   The 2024 U.S. presidential race has led to an unprecedented spike in prediction market activity, drawing in nearly $4 billion in political bets. At the forefront is Web3-native Polymarket, which dominates with around $3.3 billion in trade volumes, even though it faces restrictions in the U.S. Polymarket's appeal reflects a growing interest in decentralized platforms that allow users to wager on real-world events. Its success has set the standard for political betting, establishing itself as the go-to platform for decentralized, blockchain-driven predictions.   Following close behind are U.S.-based platforms like Kalshi, Robinhood, and Interactive Brokers, which collectively have attracted over $500 million in betting volumes. These platforms are gaining traction, especially after regulatory approval allowed them to host election betting for the first time. As betting odds on candidates fluctuate, Donald Trump holds a strong lead across prediction markets, with odds on Polymarket reaching nearly 82.5% and other platforms showing similar figures. This trend has captured the attention of a diverse range of investors who are eager to participate in high-stakes political events.   Rising Competition in Prediction Markets Source: Kalshi   Kalshi’s recent debut in election betting has sparked fierce competition among prediction platforms, paving the way for similar ventures in the U.S. market. Kalshi's approval to operate election markets came after a landmark court victory, allowing it to set a precedent for legally approved election betting in the U.S. This historic decision has encouraged other platforms to join, rapidly increasing competition and participation.   Robinhood entered the prediction space with a bang, launching election contracts in October and trading over 200 million contracts related to the presidential race. Interactive Brokers has also stepped in, attracting $50 million in volume. In a bid to streamline user experience, Kalshi introduced deposits in USD Coin (USDC) and even added USDC deposits from Polygon, which allows blockchain-based transfers, simplifying the process for crypto-savvy bettors. Together, these companies are challenging the decentralized giant Polymarket, fostering a competitive environment that may redefine how Americans approach political betting.   AI Hardware Expansion: OpenAI's Bold Move Source: X   In the realm of artificial intelligence, OpenAI’s creation of a consumer hardware division reflects its ambition to bring AI-driven products directly into consumers’ lives. This division, led by Caitlin Kalinowski—a former Meta engineer who played a key role in the development of AR hardware like the Orion glasses—signals OpenAI's shift from purely software-based AI models to tangible, AI-powered devices. Kalinowski’s background in AR, combined with her experience in large-scale hardware projects at Meta and Apple, uniquely positions her to drive OpenAI's hardware ambitions.   The move comes at a time when AI hardware is booming, driven by companies like Nvidia and TSMC. Although the industry has seen several attempts at integrating AI into consumer products, most, like Amazon’s smart speakers, have yet to achieve the mass market appeal of smartphones. OpenAI’s new approach may involve partnerships with major manufacturers rather than in-house production, allowing the company to focus on refining AI models while tapping into established supply chains. This strategy could fast-track AI hardware into the hands of everyday users and potentially create the long-awaited "iPhone moment" for AI-powered devices.   Memecoins and the Election: Crypto Enthusiasts Weigh In Election Day has also brought excitement to the cryptocurrency market, with memecoins inspired by candidates Donald Trump and Kamala Harris experiencing dramatic trading activity. As Trump embraces the label of “crypto candidate,” Trump-themed memecoins, such as MAGA and TRUMP, have attracted significant attention despite recent drops in market value. These tokens, designed with no official political affiliation, are a popular choice among traders looking to make speculative bets on the election outcome. Tokens like MAGA and Super Trump (STRUMP) command large market caps, though they have seen declines of up to 30% in recent weeks. Still, the high volatility surrounding these tokens provides ample opportunity for traders seeking quick profits.   Conversely, Harris-themed tokens, while fewer in number, are on the rise. The largest, “Kamala Horris” (KAMA), surged 40% over the past week, reflecting a counter-movement among traders aligning with her platform. The hype around these tokens is evident in the Ethereum and Solana blockchains, which have seen hundreds of new tokens referencing Trump and Harris. The crypto community’s interest in these political tokens underscores a cultural shift where digital assets are used not only as speculative instruments but as a form of political expression.   Read More: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   Apple’s Expansion into Augmented Reality Source: Apple    Apple’s potential entry into the augmented reality (AR) market could be a game-changer for the tech industry. Known for revolutionizing each category it enters, Apple’s foray into AR has the potential to shake up the market, directly challenging Meta's stronghold in the AR and Metaverse space. According to reports, Apple is working on smart glasses to rival Meta’s Orion, leveraging its reputation for user-friendly, high-quality design to attract consumers who may be hesitant about AR.   Apple’s focus on expanding its product line aligns with its broader strategy to push boundaries in wearable technology, which includes iPhones, Apple Watches, and AirPods. The development of an AR product would not only place Apple in direct competition with Meta but could also stimulate innovation across the industry. As the AR space becomes more crowded, Apple’s entry could provide the breakthrough needed to bring AR into the mainstream. If successful, Apple’s AR venture could significantly contribute to its growth trajectory, potentially setting another market cap milestone for the company.   Conclusion The surge in Election Day betting, the push for consumer-oriented AI hardware, and Apple’s bold AR ambitions highlight a rapidly changing landscape where politics, technology, and finance intertwine. Prediction markets reflect the public’s growing interest in speculative finance, while OpenAI’s hardware division and Apple’s AR aspirations showcase advancements that could redefine consumer technology. As these trends converge, the actions of major players like Polymarket, OpenAI, and Apple will shape how technology integrates into our daily lives, making the future of politics, AI, and AR both exciting and unpredictable. The race for dominance is on, and the leaders in these sectors are poised to drive the next wave of digital transformation.

Bitcoin traders are gearing up for a volatile week as the U.S. presidential election draws near. On the CME, data shows a surge in demand for put options, signaling that investors are protecting themselves against potential price drops.   Quick Take Traders on the CME are hedging against potential Bitcoin price drops due to U.S. election volatility. A Trump victory could boost crypto markets, while a Harris win may dampen industry enthusiasm, according to reports on Cointelegraph. Bitcoin dominance surges to a new high of almost 60% before the US election outcome, overshadowing altcoins as traders prioritize BTC exposure. Bitcoin's implied volatility remains low, but experts anticipate post-election price swings. CME Data Reveals Downside Protection: Put Options Pricier Than Calls Bitcoin risk reversal | Source: CoinDesk    Put options on the CME have become pricier relative to calls, especially those expiring within a week. This trend reflects traders’ caution, as many prepare for sharp price movements once election results come in. The 25-delta risk reversal—a key metric comparing the implied volatility of puts and calls—has turned negative. This shift reveals a market preference for downside protection.   CF Benchmarks analysts noted, “Bitcoin options traders are clearly hedging against potential price swings due to the U.S. election.”   Deribit Options Market Aligns with Broader Sentiment On Deribit, the sentiment is mixed but leans bullish for the month ahead. Data from Amberdata shows a largely neutral bias for short-term options, but with an increasingly positive outlook for later expiries. The absence of a strong bearish tilt suggests that traders are largely “waiting and watching.”   In case you missed it, KuCoin has recently launched options trading on the mobile app for BTC and ETH. Learn more about how options trading on KuCoin works.    In addition, ETFs tied to Bitcoin and Ethereum remain popular trading assets, viewed by some as “call options” on the election's outcome. A favorable regulatory environment could propel these funds forward, signaling confidence in digital assets.   Can US Election Outcome Drive Bitcoin Price Action?  The market’s response hinges largely on the election’s outcome. Polls indicate a close race, with crypto-friendly candidate Donald Trump trailing narrowly. Analysts suggest that a Trump victory could ignite a crypto rally, while a Harris win might result in stricter regulations, slowing the sector’s momentum.   Matthew Sigel, Head of Digital Assets Research at VanEck, noted, “A year-end rally to $80,000 remains within sight if broader economic conditions align,” pointing to the November 29 options showing a call bias as a sign of longer-term market optimism.   Read more: Election Fever Fuels $2.2 Billion in Crypto Markets: Memecoin Indexes, PolitiFi MemeCoin Craze, and more: Nov 5   Bitcoin Dominance Climbs as Altcoins Falter Bitcoin dominance crosses 57% | Source: CoinStats   Bitcoin’s dominance has soared to a new cycle high, capturing over 57% of the crypto market. As traders focus on BTC, altcoins struggle to keep up, with several down by 10% or more from recent highs. Funding rates have stabilized, signaling limited speculative interest in altcoins.   Analysts from Bitfinex warn that without a new catalyst, altcoins may continue to lag. They commented, “The speculative interest that once fueled altcoins has shifted to Bitcoin.”   Election Week: “Calm Before the Storm” for Bitcoin With election day here, Bitcoin’s implied volatility remains unexpectedly low. Analysts at Bitfinex see this as a temporary lull, possibly preceding a sharp increase in volatility once results are finalized. This “calm before the storm” period may give way to significant price swings, especially if the election outcome surprises the market.   As the race concludes, traders should prepare for a high-stakes week where unexpected moves in Bitcoin’s price may create opportunities—or risks—for those unprepared.   Read more: Bitcoin Price Prediction Ahead of the 2024 US Election: Bullish or Bearish?

At 8:00 AM UTC+8, Bitcoin was priced at $67,857, showing a -1.33% decrease, while Ethereum stood at $2,398, down by -2.41%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.2% long versus 50.8% short positions. The Fear and Greed Index, which measures market sentiment, was at 70 yesterday and also stayed at the Greed level today at 70 today. As the U.S. presidential election nears, the crypto world is experiencing a surge in activity. From political memecoins tied to election outcomes to major fund inflows driven by political hype, the intersection of politics and cryptocurrency has created a whirlwind of speculation and opportunity.    What’s Trending in the Crypto Community?  The Ethereum whitepaper has been available for 11 years. Solana’s on-chain DEX has achieved a weekly trading volume of $12.7 billion, ranking first for four consecutive weeks. Bitcoin mining difficulty rose by 6.24% this morning, reaching a new high of 101.65 T. OpenSea's CEO announced the platform has been completely rebuilt and will relaunch in December. Trump's winning probability on Polymarket has increased to 59.1%. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change DOGE/USDT +7.26% XMR/USDT +3.12% SHIB/USDT +2.64%   Trade now on KuCoin   Read More: Crypto Market Braces for Election Volatility, November Token Unlocks, and Peanut Memecoins: Nov 4   Hype Launches President Memecoin Index to Track Election Trends Hype, a new memecoin trading platform, launched the President Memecoin Index to help traders track and trade tokens tied to the upcoming U.S. election. Since the presidential debate in September, Trump-themed tokens have surged by 86.9%.   Hype operates on Solana and Base and offers traders a way to track the biggest memecoins linked to the U.S. election. These tokens include Doland Tremp (TREMP), MAGA token (TRUMP), Donald Trump (TRUMP), Kamala Horris (KAMA), Krazy Kamala (KAMALA), and KAMALA HARRIS (HARRIS). Though not officially affiliated, these tokens reflect interest around the candidates.   Ravi Bakhai, founder of Hype, explained that political memecoins often lack a single unifying token. For example, several tokens may be associated with a president, so the index helps capture broader interest around the trend. The index acts like betting platforms, offering insight into election sentiment by analyzing token performance.   Political memecoins belong to a new trend called PoliFi, which combines politics and decentralized finance. For example, MAGA Memecoin now has nearly 100,000 holders across Ethereum, Solana, and Base, showing its appeal beyond the typical memecoin audience.   Bakhai explained that people can buy a candidate’s token if they believe in their success. As attention grows for a candidate, their token's value rises, turning political interest into price gains.   The index data shows the Trump-themed tokens up by 86.9% since mid-September. Tokens linked to Kamala Harris have increased by 48.9%. The trends mirror what prediction platforms like Polymarket and Kalshi are showing. Trump led by a wide margin, but Harris has been closing the gap.   Source: Polymarket   Polymarket puts Trump's chances of winning at around 57%, down from over 66% at the end of October. Bakhai highlighted the difference between token trading and prediction markets: memecoins have no limit to their price upside. Token prices may keep climbing long after the election results come out.   Read More: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   Crypto Funds Surge to $2.2 Billion Amid Election Hype Flows by assets (in millions of US dollars). Source: CoinShares   Crypto investment products saw $2.2 billion in inflows from October 26 to November 2. Year-to-date (YTD) inflows reached a record $29.2 billion, as reported by CoinShares. The four weeks of consecutive inflows totaled over $5.7 billion, representing 19% of all YTD inflows.   The latest surge in crypto fund inflows pushed total assets under management to over $100 billion for only the second time in history. This matched levels previously seen in June, which stood at $102 billion.   James Butterfill, CoinShares' head of research, attributed the inflows to excitement around the U.S. presidential election. Butterfill noted that euphoria about a possible Republican victory drove early inflows, but the shifting polls led to some outflows at the end of the week. He emphasized that Bitcoin remains particularly sensitive to U.S. election news.   Last week, Bitcoin received most of the inflows, reaching $2.2 billion, as its price neared all-time highs. Investors also poured $8.9 million into short-Bitcoin products, positioning themselves to profit from potential price drops.   Read More: Bitcoin Prediction to $100K, GRASS Airdrop Sets Records, and Robinhood's Crypto Surge: Oct 31   Ethereum: The Next Amazon? Leena ElDeeb, a research analyst at 21Shares, compared Ethereum to Amazon in the 1990s. She said Wall Street investors still underestimate Ethereum’s potential. According to ElDeeb, big inflows will come once people recognize Ethereum's value.   Spot Ether exchange-traded funds (ETFs) launched in July but have seen modest inflows compared to Bitcoin ETFs. ElDeeb explained that, like Amazon, Ethereum started with a simple purpose—smart contracts—but it now supports over $140 billion in decentralized finance (DeFi) applications.   Federico Brokate, vice president at 21Shares, noted that Amazon started as a bookstore before transforming into a digital powerhouse. He believes Ethereum’s development follows a similar path, from supporting basic applications to becoming a major force in decentralized finance.   Source: X   PolitiFi: Trump Supporters Promote the MAGA Memecoin (TRUMP) ahead of the Election Source: X   As the U.S. election approaches, Trump supporters are rallying around a trending PolitiFi project called MAGA Memecoin (TRUMP). PolitiFi tokens blend politics, pop culture, and crypto. They create digital communities where supporters invest in a cause, a candidate, or a vision.   PolitiFi tokens like MAGA Memecoin aim to keep political discussions alive while encouraging engagement. MAGA Memecoin is a tribute to Donald Trump and his "Make America Great Again" (MAGA) movement.   The token’s creators said that Trump is "the most memetic human ever," and the memecoin captures this attention. MAGA Memecoin isn’t just about memes—it has a mission. The team distributed one million branded TRUMP napkins to bars and restaurants across the U.S. to spread awareness. Each napkin links to a platform where users can easily buy TRUMP using Apple Pay.   MAGA Memecoin has lasted beyond the usual lifespan of most memecoins. The team has also donated over $2 million to nonprofits supporting veterans and fighting child trafficking. This charity-driven approach gives MAGA Memecoin a real-world purpose.   Every week, MAGA supporters gather on platforms like X, featuring political guests like Roger Stone and Antonio Brown. The community also launched a video game called "Make Cats Safe Again," where a pixelated Trump must save cats to win the presidency. MAGA Memecoin now has nearly 100,000 holders across Ethereum, Solana, and Base, showing its appeal beyond the typical memecoin audience.   Source: X   Squirrel Memecoins Take Off with Peanut ($PNUT) on Pump.Fun Crypto traders are jumping on the Peanut the squirrel trend. Peanut’s story went viral, inspiring memecoins on the Solana-based Pump.fun platform.   Two of the biggest squirrel tokens—PNUT and Nut In Profit (NIP)—now have over $37 million riding on them. Nut In Profit launched just six hours before the story broke. Pump.fun allows anyone to launch a token using a bonding curve mechanism that raises prices as demand increases. Once a token hits $69,000 in market cap, it automatically migrates to Solana’s decentralized exchange, Raydium.   Elon Musk, also posted about Peanut on X, adding to the hype. Musk is known for boosting memecoin popularity, especially with Dogecoin.   Conclusion The upcoming U.S. election has sparked a wave of hype, speculation, and creative projects in the crypto space. From Hype's President Memecoin Index, which tracks political tokens, to PolitiFi projects like the MAGA Memecoin and even squirrel-themed tokens inspired by Peanut, investors are using memecoins to speculate on political outcomes and leverage cultural moments to create digital assets. As election day approaches, crypto traders should be prepared for increased volatility and new opportunities. Read more: Bitcoin Price Prediction Ahead of the 2024 US Election: Bullish or Bearish?

As the US presidential election draws near, Bitcoin (BTC) is showing significant price volatility. With the odds narrowing between the candidates, Bitcoin’s recent price action reflects both political and economic jitters among investors. This analysis explores how the election’s outcome could impact BTC’s trajectory, with expert insights suggesting a mix of possible highs and potential pullbacks.   Quick Take  Bitcoin’s price has experienced sharp swings, dipping below $69,000 and triggering nearly $350 million in liquidations ahead of the US election. A Trump win is seen as potentially bullish for Bitcoin, with projections of BTC reaching $100,000 or more due to his pro-crypto stance. In contrast, a Harris victory could introduce more regulation, potentially tempering Bitcoin's upward momentum. Amid economic concerns, Bitcoin remains attractive as a hedge against inflation and market instability, drawing interest from both retail and institutional investors. Recent SEC approvals of Bitcoin ETFs have boosted BTC’s stability and liquidity, with increasing institutional investments contributing to long-term growth potential. Key support around $66,200 and resistance at $73,800 are critical levels; breaking either could signal significant price movement as election day approaches. Bitcoin’s Pre-Election Price Swings: $73,000 to Under $69,000 BTC/USDT price chart | Source: KuCoin   Over the past week, Bitcoin’s price has fluctuated considerably, nearing an all-time high before pulling back sharply. After a surge to almost $73,300, Bitcoin fell below $69,000 on November 3, triggering nearly $350 million in liquidations across both long and short positions, according to data from CoinGlass. As of now, BTC remains under this key level, trading around $68,500, but market conditions remain tense as election day approaches.   Political Influence on BTC Sentiment: Trump vs. Harris Bitcoin price prediction for November on Polymarket | Source: Polymarket    The Bitcoin market has been closely watching the election polls, particularly on Polymarket, where Trump initially held a lead but recently saw his odds dip from 67% to 56%. Trump’s pro-crypto stance includes pledges to reshape the regulatory environment by removing obstacles, which many believe could open doors for Bitcoin adoption and support a BTC price rally if he wins. In contrast, Harris has taken a more cautious approach, advocating for a framework focused on consumer protection and market transparency. This regulatory stance could temper Bitcoin’s upward momentum if she wins, as the market may brace for tighter oversight.   Read more: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   Potential Market Scenarios Trump vs. Kamala: who’s the next US President | Source: Polymarket    Trump Win: Market sentiment suggests Bitcoin could rally to $100,000 or beyond if Trump secures the presidency. His promise to make the US a “crypto capital” resonates with pro-crypto investors, who see his leadership as an opportunity to remove perceived regulatory hurdles. Harris Win: Analysts predict a more restrained Bitcoin response if Harris prevails. With a focus on consumer protection, her administration may prioritize regulatory clarity without the deregulatory zeal Trump has proposed. However, this approach could also support sustainable growth in the long term by establishing clearer rules for institutional involvement. Bitcoin Set for a $6,000–$8,000 Seesaw as US Election Nears: Analyst Insights According to Greg Magadini from Amberdata, BTC could experience a $6,000–$8,000 price swing post-election. The annualized forward volatility derived from options trading on platforms suggests a range of potential price movements, with a 1.5-sigma (standard deviation) scenario likely to drive BTC’s price by as much as $8,000. This projection is influenced by the tight race between Trump and Harris, which heightens market uncertainty.   Magadini noted that options traders are preparing for possible price swings by buying call options at strikes of $70,000, $85,000, and $90,000, indicating bullish expectations. This trend is mirrored in the CME options market, where calls are pricing higher than puts, reflecting optimistic sentiment despite current spot price weakness.   Joshua Lim, co-founder of Arbelos Markets, added that Bitcoin’s volatility curve points to an expected 7%-8% price movement around critical events, including the Fed’s interest rate decision and election results. These figures suggest heightened activity as investors gear up for post-election shifts.   Read more: Top Hedging Strategies to Protect Your Portfolio in the Crypto Market in 2024-2025   Bitcoin Technical Analysis: Key Levels to Watch for BTC Source: Henrik Zeberg on X    Bitcoin’s recent price action highlights critical support and resistance levels, with $66,200 identified by analysts as a local bottom. If BTC dips below this level, it may experience further downward pressure. On the upside, breaking resistance near $73,800 could indicate renewed bullish momentum. Technical indicators such as the Ichimoku cloud and Fibonacci retracement suggest that Bitcoin is at a pivotal juncture, with the potential for significant movement as election day approaches.   Support Levels: The area around $66,200 has been identified as a “must-bounce zone” for Bitcoin. Failure to hold this support could signal a deeper correction. Resistance Levels: A breakthrough past $73,800 could set the stage for Bitcoin to test new highs, possibly reaching $78,000 or more in the short term. Beyond Elections: What’s Influencing BTC Price?  In addition to the upcoming 2024 US elections, Bitcoin price faces considerable volatility due to other key factors, especially:    Bitcoin as a Hedge in a Fragile Economic Environment The current economic backdrop, including soaring national debt and inflation concerns, has made Bitcoin an attractive hedge for investors. BTC’s decentralized nature and capped supply create an appeal as a safe-haven asset amid traditional market instability. Notably, experts like Henrik Zeberg predict that Bitcoin’s resilience could drive its price higher despite political uncertainties. In this light, BTC’s function as a financial hedge could persist, regardless of the election outcome.   The Role of Regulatory Clarity and Spot ETFs in BTC Growth Bitcoin ETF inflows | Source: CoinGlass    A significant driver of Bitcoin’s recent price movements has been the anticipation of regulatory clarity, particularly around spot Bitcoin ETFs. With the SEC’s approval of ETFs, Bitcoin has seen increased liquidity and stability. Institutional players like BlackRock are now able to offer Bitcoin exposure to traditional investors, creating a bridge between the crypto and financial markets. This dynamic has contributed to BTC’s recent price stability and positions it for potential long-term growth under a favorable regulatory framework.   Conclusion: Can Bitcoin Price Touch $100,000 Post-Election? The 2024 US presidential election presents a unique inflection point for Bitcoin. While the election’s outcome will likely influence short-term market sentiment, Bitcoin’s broader trajectory remains supported by strong fundamentals. From regulatory clarity to its role as a hedge against economic instability, BTC’s appeal continues to grow. Experts like 10x Research and Henrik Zeberg forecast that Bitcoin could reach $100,000 or higher in the coming years, with institutional interest and economic factors driving demand.   In the days ahead, heightened volatility is expected, but Bitcoin’s long-term potential remains intact. Whether fueled by Trump’s pro-crypto stance or Harris’s regulatory balance, Bitcoin’s march towards new highs seems inevitable. As the election unfolds, Bitcoin investors should keep an eye on key technical levels and consider the broader economic backdrop to navigate potential price movements.   Read more: Crypto Market Braces for Election Volatility, November Token Unlocks, and Peanut Memecoins: Nov 4

At 8:00 AM UTC+8, Bitcoin was priced at $69,203, showing a -0.86% decrease, while Ethereum stood at $2,476, down by -1.46%. 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 74 yesterday, indicating Greed level and has decreased to 70 today, maintaining the crypto market at the Greed territory.    What’s Trending in the Crypto Community?  The U.S. will begin its 2024 presidential election on Tuesday, with major polls showing a close race between Trump and Harris. Tether's secured loans in reserves have reached a total of $6.72 billion, fully backed by liquid assets. Ethereum's net supply increased by 11,609 coins over the past seven days. On Polymarket, Trump's probability of being elected president dropped to 56.6%, while Harris's rose to 43.6%. U.S. Bitcoin spot ETFs saw a cumulative net inflow of $2.22 billion this week. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change GRASS/USDT +9.29% GOAT/USDT +24.84% SUI/USDT +2.59%   Trade now on KuCoin   Read More: Bitcoin Prediction to $100K, GRASS Airdrop Sets Records, and Robinhood's Crypto Surge: Oct 31   The crypto market is buzzing with major developments. Traders and investors are preparing for a mix of heightened BTC and ETH volatility as election results loom, substantial token unlocks this month, and a surge in Peanut-themed memecoins on Solana. Each of these events holds the potential to significantly impact the market, making it crucial to understand the details and what might come next.   BTC and ETH Volatility Surge Ahead of Election Results BTC/USDT price chart | Source: KuCoin    Bitcoin and Ethereum are currently experiencing a surge in volatility, largely driven by uncertainty surrounding upcoming election results. Nick Forster, founder of Derive.xyz, reported that Bitcoin's forward volatility has jumped to 80.3%, compared to its previous level of 72.2%. Ethereum, too, saw its volatility rise, moving from 75.4% to 82.9%. This sharp increase points to traders adjusting their positions and hedging against potential impacts.   ETH/USDT price chart | Source: KuCoin   The upcoming election brings an elevated chance of significant price swings. Forster suggests a two-thirds probability of substantial price movements on election night, with Bitcoin's expected price range falling between -9% and +9.9%. Ethereum, meanwhile, is expected to move within a slightly broader range of -9.3% to +10.2%. These anticipated fluctuations are signs of increased market risk, but they also suggest opportunities for those prepared to navigate the volatility.   Despite the potential for rapid price changes, market sentiment appears to lean bullish. The total open interest for BTC call options stands at 1,179 contracts, compared to 885 contracts for put options. This implies that many traders are hopeful for a positive outcome once the election dust settles. The choices traders are making show confidence, at least for now, that any political outcomes may ultimately have a favorable influence on crypto.   $2.6 Billion in Tokens Set to Unlock in November November is a crucial month for the release of locked crypto assets, with a staggering $2.68 billion in tokens set to be unlocked, as reported by Tokenomist. This includes over $900 million that will be released at once, often called a "cliff unlock," while around $1.7 billion will be gradually unlocked throughout the month.   Unlock progress for the MEME token | Source: Tokenomist   Token unlocks are significant because they can create substantial pressure on token prices, especially when large quantities hit the market. Notable projects releasing tokens this month include Memecoin (MEME), Aptos (APT), Arbitrum (ARB), and Avalanche (AVAX). Memecoin alone will see 3.45 billion tokens unlocked, with an estimated value of $37.8 million. These releases come in two forms: cliff unlocks and linear daily releases of over 10 million tokens, worth approximately $117,000 each day. This influx of supply could lead to price swings, especially as Memecoin's price remains 81% below its peak earlier this year.   Arbitrum, a well-known Ethereum layer-2 solution, will also release a significant amount—92.65 million tokens worth $45 million. These tokens are allocated to early investors, team members, and advisors. This follows Arbitrum’s substantial release back in March, when they unlocked $2.32 billion worth of tokens. These kinds of releases can impact token price if supply exceeds current market demand, especially if early holders choose to cash out.   The token unlocks could bring a ripple effect throughout the market. An increase in available supply may create downward pressure on prices, but it also provides an opportunity for those looking to accumulate tokens at a discount. Investors will need to monitor how these releases play out and whether new demand will be sufficient to offset the increased supply.   Peanut Memecoins Stir Up Solana DeFi Markets Peanut the Squirrel memecoins on Solana. Source: Dexscreener   The DeFi market, especially on Solana, has seen a new frenzy sparked by an unusual character—a squirrel named "Peanut." This viral sensation has inspired memecoin creators to flood the market with Peanut-themed tokens, resulting in eye-catching price action and notable market activity.   Peanut's unexpected rise in popularity led to the creation of several Peanut-themed tokens on the Solana network. Among them, "Peanut the Squirrel" (PNUT) has made a particularly large impact, recording a trading volume of nearly $300 million and over 200,000 transactions. PNUT's market capitalization reached a peak of $120 million, though it has since corrected and currently stands at $100 million. The trading volume and rapid price changes indicate the appeal of these kinds of niche, culture-driven tokens that tend to gain popularity overnight.   Another Peanut-themed token achieved a market cap of $80 million with trading volume surpassing $110 million. This shows that the trend is not limited to one blockchain and suggests that the appeal of memecoins remains strong, especially those tied to pop culture or viral stories.   Adding to this memecoin frenzy, a raccoon-themed token—based on Peanut’s raccoon companion—also entered the scene. Named "First Convicted Raccoon" (FRED), the token recorded nearly 150,000 transactions and a trading volume of $83 million, though its market cap was only $8.2 million. Despite being smaller in scale, FRED’s rapid traction highlights how quickly meme-driven projects can capture the market’s attention, even if their long-term viability remains questionable.   These memecoins are more than just hype—they provide a reflection of how quickly narratives can drive market action in the crypto world. While most of these tokens may not hold long-term value, they represent the speculative aspect of DeFi, where community, pop culture, and fun play significant roles.   Read more: Top Solana Memecoins to Watch in 2024   Conclusion The crypto market is in a phase of high activity and uncertainty. Volatility is increasing for major assets like BTC and ETH due to upcoming election results, and billions in tokens are set to unlock throughout November, which could create both opportunities and risks for investors. Meanwhile, the rise of Peanut-themed memecoins on Solana shows that the speculative, culture-driven aspect of crypto remains alive and well.   For traders and investors, staying on top of these dynamic developments is essential. Each event—the election, token unlocks, and the memecoin craze—has the potential to shift market conditions rapidly. As always in crypto, being prepared and informed is the key to navigating these unpredictable waters.

At 8:00 AM UTC+8, Bitcoin was priced at $72,344, showing a -0.54% decrease, while Ethereum stood at $2,659, up by +0.77%. 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, indicating a "Extreme Greed" level and has maintained 77 today, increasing the crypto market to Extreme Greed territory.    What is Trending in the Crypto Community  In October, the U.S. saw an ADP employment increase of 233,000, surpassing expectations and prior figures. The Q3 real GDP annualized growth was 2.8%, falling below forecasts and prior results. Meanwhile, the core PCE price index rose by 2.2%—higher than anticipated but lower than previous levels. Additionally, real personal consumption expenditures climbed by 3.7%, exceeding both prior values and expectations. Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin. MicroStrategy plans to raise $42 billion over the next three years to buy more Bitcoin. U.S. Bitcoin spot ETFs saw a net inflow of $4.73 billion over the past 13 trading days. Vitalik Buterin previously donated 400 ETH from meme coin sales to a Ukrainian charity. The amount bet on the U.S. presidential election on Polymarket has exceeded $2.7 billion. Canadian-listed company Sol Strategies sold $1.71 million worth of Bitcoin and increased its holdings by 12,389 SOL.     Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change MKR/USDT +8.56% LINK/USDT +4.16% AAVE/USDT +3.73% Trade now on KuCoin   Read More: BTC Surpasses $73,000, SUI Surges Amid Strong Ecosystem Performance: Oct 30   Bitcoin Set to Hit $100K by January 2025 — 10x Research 10x Research analysts say Bitcoin could reach $100,000 by January 2025, driven by strong institutional interest and bullish market signals. Despite Bitcoin nearing a new high, retail trader interest remains low.   The $100,000 price target is based on their model, which recently triggered two buy signals, the latest on October 14. The model claims an accuracy rate of 86.7% over the last 15 signals. Analysts explained that when Bitcoin hits a six-month high, it typically sees a 40% return over the next three months. At the current price of $73,000, a 40% rise would push Bitcoin past $101,000 by January 27, 2025.   Bitcoin buy signal. Source: 10x Research   Institutions like BlackRock are treating Bitcoin as a long-term stable asset—digital gold. 10x Research explained, "Gold has always been seen as a safe haven asset, so if Bitcoin is the new digital gold, it makes sense that institutions would be interested." In October alone, spot Bitcoin ETFs brought in $4.1 billion worth of Bitcoin.   Spot Bitcoin ETF monthly flows. Source: 10x Research   Read More: BlackRock's Bitcoin ETF IBIT Gains $329M Amid Bitcoin Dip   Bitcoin Nears All-Time High, Retail Still Unmoved Bitcoin touched $73,562 on October 29, just shy of its all-time high, but later settled around $72,300. Despite this rally, retail interest remains low. Google search data shows “Bitcoin” is at 23 out of 100 compared to May 2021's peak.   Search interest in “Bitcoin” since October 2019. Source: Google Trends   Crypto analyst Miles Deutscher noted that Bitcoin is close to breaking its all-time high, yet retail traders seem uninterested. Coinbase’s app ranks 308th in the Apple App Store, far below its typical top-50 rank during bull runs. It did, however, jump 167 spots between October 28 and 29, hinting at renewed interest.   CryptoQuant analysts said retail investors are slowly returning but are being outpaced by larger investors. Historically, retail activity lags behind rallies, often joining only after big gains are made.   GRASS Becomes Biggest Solana Airdrop With 1.5 Million Claims The GRASS token airdrop on Solana set a record, with 1.5 million addresses claiming tokens. This makes it the most claimed airdrop on Solana so far, according to Dune Analytics. GRASS is the governance token for a Solana-based DePin project.   Source: https://dune.com/asxn_r/grass-claims   The launch was so popular it caused an outage in Phantom, Solana's biggest wallet. Over 2.8 million wallets are eligible for GRASS, with 5 million addresses able to claim eventually, said Andrej Radonjic, CEO of Wynd Labs. It’s important to note that users may have multiple addresses, so GRASS isn't necessarily the most held token in terms of unique users.   GRASS is a viral crypto project that scrapes and cleans web data to train AI bots. Users get GRASS tokens for sharing their bandwidth. Andrej Radonjic noted that users are finally receiving ownership for sharing their bandwidth, challenging a decades-long trend of companies exploiting user data for profit. The token is also used to stake on the network and pay for bandwidth.    GRASS token price on KuCoin   Read More: What Is Grass Network (GRASS) and How to Earn Passive Income from It?   Robinhood’s Q3 Crypto Volumes Climb to $14.4 Billion, More Than Double From Last Year Robinhood reported Q3 earnings, showing a strong interest in cryptocurrency trading. Crypto volumes hit $14.4 billion, up 112% from last year. Equity trading also rose, reaching $286.2 billion, a 65% increase. Despite this growth, crypto trading has slowed compared to earlier quarters—down from $21.5 billion in Q2 and $36 billion in Q1.   Transaction-based revenue grew by 72% year-over-year to $319 million. Cryptocurrency trading brought in $61 million, up 165% from last year. Assets under custody (AUC) rose 76%, boosted by net deposits and rising stock and crypto values.   Robinhood reported $0.17 per share earnings for Q3, compared to a loss of $0.09 per share last year. Revenue was $637 million, just below the expected $650.67 million. CFO Jason Warnick said, “Q3 was another strong quarter, as we drove 36% year-over-year revenue growth.”   Robinhood is also expanding support for Bitcoin and Ethereum futures. The company introduced event contracts, letting users bet on outcomes of events like the U.S. presidential election.   Conclusion The crypto landscape is buzzing with activity, from Bitcoin’s predicted climb toward $100,000, fueled by institutional interest, to retail investors slowly re-entering the scene. GRASS has set a new record as the most-claimed airdrop on Solana, highlighting strong community engagement in decentralized projects. Meanwhile, Robinhood continues to show growth, with crypto trading volumes more than doubling year-over-year. However, the lackluster interest in Bitcoin on Google Trends paints a complex picture of whether retail investors are sufficiently drawn to "digital gold" during this current bull run.

At 8:00 AM UTC+8, Bitcoin was priced at $72,736, showing a 3.97% increase, while Ethereum stood at $2,638, up by 2.78%. The market's 24-hour long/short ratio in the futures market was almost balanced at 51.8% long versus 48.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 72 yesterday, indicating a "Greed" level and has increased to 77 today,  increasing the crypto market to Extreme Greed territory.    Quick Take  Bitcoin briefly hit $73,620 before pulling back, coming just $150 short of its all-time high. Bitcoin reached a new peak against the Mexican Peso. Total trading volume of U.S. spot Bitcoin ETFs surpassed $4.5 billion, with BlackRock's spot Bitcoin ETF trading volume reaching $3.3 billion, the highest in six months.  The total market cap of Memecoins on Solana surpassed $12 billion, marking a new all-time high. Alphabet's Q3 revenue and earnings per share exceeded expectations. Circle plans to increase the exchange fee for the USDC stablecoin. Besides, Circle will jointly release a privacy ERC-20 framework in collaboration with Inco Network. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change GOAT/USDT +10.77% SUI/USDT +10.24% GRASS/USDT +16.04%   Trade now on KuCoin   Read More: X Empire Token Launches on KuCoin, Solana Network's Daily Fees Revenue Reaches New Highs: Oct 25   Bitcoin Set for "Perfect Storm" to New All-Time High as it Surpasses $73,000 with a 3.97% Increase in 24 Hours BTC/USDT price chart | Source: KuCoin   Bitcoin is poised for significant price action which suggests a "perfect storm" which may push it to a new all-time high soon. Several factors are aligning: uncertainty surrounding the upcoming U.S. presidential election, market optimism related to Donald Trump's potential victory, and historically bullish Q4 trends.   The potential influence of a Trump victory, combined with positive seasonality, could lead to strong gains for Bitcoin. Despite volatility driven by geopolitical unrest in the Middle East and macroeconomic challenges in the U.S., Bitcoin's price has rebounded sharply in recent weeks. Analysts see these conditions as creating a unique window of opportunity for the digital currency.   Currently, Bitcoin's price sits at $72,736, marking a 3.97% increase in the past 24 hours. This is the highest level in nearly five months, with many investors feeling confident about continued growth leading into the election.   Read more: Bitcoin Soars Past $62,000 Following Trump Assassination Attempt: The Trump Effect   Dive Into More Bullish Coins: SUI, DEEP, MOVE SUI experienced a notable surge of 10% today, breaking through the $2 mark, signaling strong momentum in the Sui ecosystem. This bullish movement was accompanied by significant gains across other ecosystem tokens, highlighting broader investor confidence.      DEEP led the way with a remarkable 30% increase, while MOVE followed closely with a 36% rise. NAVX also showed positive momentum, climbing 16%, and CETUS gained 10%, reflecting a comprehensive uptrend across the network. The synchronized rally in these tokens suggests growing enthusiasm and adoption within the Sui ecosystem, possibly driven by new developments, partnerships, or market sentiment favoring the project.   Read More: Top Sui Memecoins to Watch in 2024-25   NBA Topshot NFT Sales Hit Six-Month High as 2024 Season Begins Source: CryptoSlam   The start of the 2024-2025 NBA season has reignited interest in NBA Topshot NFTs, leading to the highest weekly sales in over six months. As the Boston Celtics and New York Knicks tipped off the new season on October 22, excitement spilled over into the NFT market.   Weekly sales for NBA Topshot NFTs reached 43,600 as of October 27, representing a significant 94% increase from the previous week. This spike comes after a period of stagnation, where sales dropped to an average of 26,000 NFTs during and after the playoffs.   The renewed activity highlights how key events like the start of a new sports season can have a tangible impact on NFT sales. With the current trend, analysts believe that NFT activity related to basketball will continue to rise throughout the season, driving both fan engagement and market activity.   Solayer and OpenEden Launch Yield-Based Stablecoin on Solana Solayer’s sUSD minting diagram. Source: X   Solayer and OpenEden have launched a new yield-based stablecoin on the Solana blockchain, named sUSD, which is backed by U.S. Treasury bills. This stablecoin marks the first of several tokenized real-world assets (RWAs) that Solayer plans to offer, allowing users to access investment opportunities with as little as $5.   The sUSD operates as a request for quote (RFQ) marketplace, where users can deposit USD Coin (USDC) and receive sUSD tokens in return. The stablecoin aims to bring more accessible financial products to a broader audience by leveraging the power of tokenization.   Solayer has already facilitated nearly $300 million in restaked total value locked (TVL) on its platform. Experts predict that the market for tokenized RWAs could grow 50 times by 2030, representing a massive opportunity. The sUSD stablecoin seeks to capture early adopters interested in both blockchain technology and secure yield-bearing assets like U.S. Treasury bills.   Read more: Restaking on Solana (2024): The Comprehensive Guide   Musk's AI Startup xAI Seeks $40 Billion Valuation in New Funding Round xAI is aiming to raise several billion dollars in an upcoming funding round that could push its valuation to $40 billion, representing a $16 billion increase from its $24 billion valuation after a $6 billion raise in the spring, according to the Journal. Though the funding discussions are still in early stages and could change or fall through, the potential growth reflects significant market interest in xAI. The company has yet to comment on the matter, as noted by Forbes.   Elon Musk's AI startup, xAI, is aiming to raise funds at a valuation of around $40 billion. The company recently held discussions with investors to support its next phase of growth. This follows an earlier valuation of $24 billion after a successful $6 billion fundraising round in the spring. xAI tries to keep up with increasingly higher valuations at rival companies such as OpenAI.   xAI raised funding from Andreessen Horowitz, Sequoia Capital, and Fidelity. The startup, known for its "Grok" chatbot on Musk's social platform X, plans to use the cash to launch its first products and speed up research. xAI is hiring for many roles, as seen on its careers page. Since the funding, xAI has grown rapidly, building a massive data center in Memphis this summer. The center runs 100,000 Nvidia chips at once, giving xAI unmatched computing power to train its AI model, according to Semafor.   As part of its growth strategy, xAI plans to double the number of graphics processing units (GPUs) at its Memphis data center—from 100,000 to 200,000. This expansion aims to improve xAI's computational power to support its advanced AI research and development efforts. NVIDIA's CEO has praised xAI for rapidly setting up the data center and scaling its operations in a short amount of time.   Read More: Top 15 AI Crypto Coins to Know in 2024   Conclusion Recent market shifts and project updates reveal exciting growth across various sectors of the blockchain and AI landscapes. Bitcoin's surge past $73,000 shows strong investor sentiment amid political uncertainties and seasonal bullish factors. The Sui ecosystem also saw impressive gains, with tokens like DEEP and MOVE leading the charge, showcasing rising enthusiasm. As the U.S. election approaches on November 5, we may expect increased volatility in the crypto market, creating unique opportunities for seasoned traders in options and futures. However, investors should remain vigilant during these volatile times and take necessary steps to mitigate risks.

As of October 29, Bitcoin's market performance remains robust, with the price around $71,299, marking a 5.13% increase in the past day and pushing Bitcoin's market cap to $1.41 trillion. Bitcoin's market dominance is approximately 58.6%, fueled by steady inflows into spot Bitcoin ETFs and heightened bullish sentiment ahead of the upcoming U.S. election.   The Fear and Greed Index currently reads 72, placing it in the "Greedy" zone—an indicator of market optimism and investor confidence as prices remain strong. In the futures market, the long-short ratio reflects a predominantly bullish outlook, with a majority of traders favoring long positions. This trend aligns with substantial institutional inflows into Bitcoin-focused financial products, collectively reinforcing Bitcoin’s positive momentum as the final U.S. presidential election nears on November 5, 2024.    Quick Take  Forbes: Central banks worldwide are increasing their research on Bitcoin. Robinhood launches U.S. presidential election derivatives trading. Solana’s market cap surpasses PayPal,  Reaches $83.63 Billion.  Coinbase report: Solana network activity is mainly concentrated in U.S. time zones, with DEX-related activities accounting for 75%-90% of total successful transaction fees. Swell L2 announces migration to Optimism Superchain. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change MOG/USDT +17.28% DOGE/USDT +16.01% RUNE/USDT +14.61%   Trade now on KuCoin   Read More: Tether Transparency, Arkham Expands to Solana, and Vitalik's Ethereum Vision of “the Purge”: Oct 28   Bitcoin's Market Dominance Nearing 60%  BTC/USDT price chart | Source: KuCoin   Bitcoin nears 60% market dominance, signaling a shift as investors prioritize its stability over altcoins. With a 10% rise in dominance this month, Bitcoin emerges as a "flight to quality" asset in uncertain markets, while altcoins continue to show lackluster market performance compared to the leading coin.    Last year, Bitcoin's market share dropped below 40%. It hit a low during a prolonged bear market with declining values and shaken confidence. Since then, Bitcoin steadily regained strength. Growing institutional interest, regulatory developments, and its reputation as a hedge against economic uncertainty drove this trend. Experts predict more growth in Bitcoin's dominance.   Bitcoin's recent surge is driven by a combination of technical momentum and substantial capital inflows, reinforcing its bullish outlook. For the week ending Oct. 25, Bitcoin funds recorded $920 million in inflows, pushing year-to-date inflows to an impressive $25.4 billion, as reported by CoinShares. This momentum followed an even larger wave of inflows into the 11 U.S. spot Bitcoin ETFs, which accumulated over $2.1 billion in net inflows just a week earlier, according to Farside Investors.   Additionally, Bitcoin's chart saw a significant technical event known as a “golden cross,” where its 50-day moving average surpassed the 200-day moving average. This bullish signal often indicates potential for a sustained price breakthrough, and with robust inflows and positive market sentiment, Bitcoin appears well-positioned for continued growth.   Solana's Flips Ethereum in Daily Transaction Fees  Solana recently overtook Ethereum in daily transaction fees, generating $2.54 million in 24 hours, surpassing Ethereum’s $2.07 million . This surge places Solana among the top fee-generating blockchains and shows growing market activity. Increased activity on Raydium, a major decentralized exchange on Solana, drove the spike in fees. Raydium's fast transactions and lower costs attracted more traders and liquidity, boosting Solana's volume.   Protocols by 24 hour fees. Source: DefiLlama   The rise in Solana's fees shows its scalability and ability to handle demand without slowdowns or cost spikes. This makes Solana appealing for DeFi projects, NFTs, and other blockchain applications needing high throughput and efficiency.   While Solana's gains impress, Ethereum still leads in overall fee generation. In the past month, Ethereum generated $134.6 million in fees. Its established ecosystem, strong developer community, and wide range of applications keep Ethereum as the leading blockchain. However, Solana's rapid growth suggests it could play a more important role in the future as projects seek alternatives to Ethereum's high fees and scalability issues.   Read More: X Empire Token Launches on KuCoin, Solana Network's Daily Fees Revenue Reaches New Highs: Oct 25   Base Leads in Stablecoin Volume Base, an Ethereum layer-2 network, recently led the market in stablecoin volume. On October 26, Base accounted for 30% of all stablecoin transactions, surpassing other major blockchains. This milestone and record transaction count highlight Base's growing influence and potential as a key player in the stablecoin market.   Stablecoins are essential to the crypto market. They bridge traditional and decentralized finance and provide a stable medium of exchange. Base's leadership in stablecoin volume shows that layer-2 solutions are crucial for scaling Ethereum's capabilities and solving issues like high fees and congestion. By offering faster and cheaper transactions, Base positions itself as a valuable platform for stablecoin users seeking efficiency.   After Base's surge in stablecoin volume, Solana and Ethereum also showed strong activity. Solana captured 25% and Ethereum took 20%. The competition to attract stablecoin transactions shows the growing demand for efficient blockchain solutions. Circle CEO Jeremy Allaire suggested that if this trend continues, USDC could reach an annual transaction rate of $6.6 trillion on Base alone, highlighting its growing role in the financial system.   Read More: Top Types of Stablecoins You Need to Know in 2024   Conclusion Despite setbacks, such as a dip following news of a Tether investigation, Bitcoin has demonstrated resilience. Meanwhile, networks like Solana and Base highlight continued growth potential for altcoins, particularly in DeFi, NFTs, and stablecoin transactions. With heightened volatility likely as the U.S. election on November 5 approaches, the crypto market may see dynamic shifts in the coming weeks.   Read more: Solana vs. Ethereum: Which Is Better in 2024?

At 8:00 AM UTC+8, Bitcoin was priced at $68,021, showing a 1.38% increase, while Ethereum stood at $2,507, up by 1.02%. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.8% long versus 49.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 74 yesterday, indicating a "Greed" level, but has slightly decreased to 72 today, keeping the crypto market in Greed territory.    Quick Take  Vitalik Buterin: Exploring targeted grants as an alternative to staking ETH. Ethereum Foundation sells ETH to fund developer projects within the ecosystem. Tether CEO Breaks Down USDT Reserves Amid Allegations  and denounced the Wall Street Journal's report as irresponsible. Solana's on-chain DEX daily trading volume led for 17 consecutive days; Base chain ranked third for 7 consecutive days. FTX reached a $228 million settlement with Bybit, allowing it to withdraw $175 million in digital assets and sell $53 million in BIT tokens to Bybit’s investment arm, Mirana Corp. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change OM/USDT +9.86% DOGE/USDT +4.67% ORDI/USDT +3.73% Trade now on KuCoin   This past week, the crypto world has been marked by significant shifts, including Tether’s efforts to boost transparency, Arkham Intelligence’s expansion into Solana data, and Vitalik Buterin's roadmap to reduce Ethereum's complexity. Each of these developments highlights major transformations in the crypto ecosystem, bringing new capabilities and insights.   Read More: X Empire Token Launches on KuCoin, Solana Network's Daily Fees Revenue Reaches New Highs: Oct 25   Tether CEO Breaks Down USDT Reserves Amid Allegations   Amid claims that Tether was under investigation by U.S. authorities for violating anti-money laundering laws, CEO Paolo Ardoino provided transparency on the company’s reserves at Lugano's PlanB event. Tether holds $100 billion in U.S. treasuries, 82,000 Bitcoin (worth about $5.5 billion), and 48 tons of gold. Ardoino criticized the Wall Street Journal's report, denying any investigation and highlighting Tether's role in helping law enforcement retrieve illicit funds. Since 2014, Tether has assisted in recovering over $109 million linked to cybercrime and sanctions evasion. Ardoino also voiced concerns about the U.S. regulatory environment, citing the lagging policies that push innovative crypto firms to relocate abroad. Despite these issues, Tether remains optimistic, expecting changes in crypto regulations post-2024 U.S. elections. As of October, USDT reached a market cap of $120 billion—seen as a positive sign for the broader crypto market.   Tether tokens in circulation. Source: Tether   Arkham Adds Solana Data to Its Crypto Intelligence Platform   Arkham Intelligence has expanded its crypto tracking capabilities by adding Solana blockchain data to its platform. This update enables users to monitor large fund movements, receive real-time trading alerts, and follow Solana's top traders and investors. Solana, the fifth-largest blockchain by market cap, has become a hub for memecoin trading, particularly popular for its low fees and quick transactions. Arkham’s move aims to bring greater transparency and monitoring capabilities for Solana, providing more detailed data on transactions and market trends. The addition of Solana comes as part of Arkham's mission to broaden its blockchain coverage, giving users more robust tools for tracking and analysis in an increasingly diversified crypto ecosystem.   Source: X   Read more: Top Crypto Projects in the Solana Ecosystem to Watch in 2024   The Purge - Vitalik Buterin’s Plan to Address Ethereum Bloat   Ethereum’s co-founder Vitalik Buterin presented "The Purge," a proposed roadmap to reduce the blockchain’s "bloat" and complexity. Bloat occurs as Ethereum accumulates new features and stores massive amounts of historical data, which has made running a node challenging due to high storage requirements.    Chart depicting the current data required for full sync on the Ethereum network. Source: ycharts   Currently, an Ethereum node requires about 1.1 terabytes of storage for execution, adding a burden on individual participants. Buterin's solution involves reducing the necessity for every node to store all historical data while maintaining network redundancy. His plan includes having nodes store only a portion of the blockchain’s history, thereby reducing costs while maintaining the blockchain’s integrity. Buterin also discussed expiring old blockchain state information to reduce storage needs further. This approach would help Ethereum stay scalable, secure, and accessible in the long term. "The Purge" is just one of several updates Buterin has suggested, alongside plans like "The Scourge" to mitigate centralization risks and "The Verge" to simplify computational processes, making Ethereum node management possible even for smaller devices like smartwatches.   The Purge roadmap showing the plan to simplify the protocol and eliminate technical debt. Source: vitalik.eth   Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade?   Conclusion   The cryptocurrency ecosystem is transforming, as exemplified by Tether’s transparency efforts amid controversy, Arkham Intelligence’s expansion into Solana, and Vitalik Buterin’s vision for Ethereum’s future. These moves demonstrate a maturing market, seeking better compliance, transparency, and scalability. As blockchain technology continues to evolve, staying informed is vital for those engaged in this dynamic space. Each of these developments, in its own way, points toward a more inclusive, transparent, and efficient digital economy.

At 8:00 AM UTC+8, Bitcoin was priced at $68,200, showing a 2.30% increase, while Ethereum stood at $2,536, up by 0.45%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.7% long versus 50.3% short positions. The Fear and Greed Index, which measures market sentiment, was at 69 yesterday, indicating a "Greed" level, but has slightly increased to 72 today, keeping the crypto market in Greed territory. The US October S&P Global Manufacturing PMI preliminary value came in above expectations, and the same was true for the Services PMI.    Quick Take  Wall Street is preparing trades that could benefit if Trump wins over Harris, according to the Wall Street Journal. US spot Bitcoin ETFs have collectively surpassed 1 million BTC in total on-chain holdings. Tomarket's user base exceeded 40 million, with its Token Generation Event set for October 31. MicroStrategy's stock price surged above $230 on Thursday, reaching its highest level in nearly 25 years and setting a new peak since the company began its Bitcoin acquisition strategy in 2020. Microsoft added "evaluation of Bitcoin investment" as a voting item for the December shareholder meeting. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change SAFE/USDT +70.47% MEW/USDT +13.31% RAY/USDT +7.11%   Trade now on KuCoin   Bitcoin's Evolution Toward a Stable Currency by 2030: Analysis from CryptoQuant CEO Over the past three years, Bitcoin mining difficulty has experienced a substantial increase, rising by 378%. This surge has largely been fueled by considerable institutional investments in large-scale mining operations, thereby intensifying entry barriers for individual miners. Ki Young Ju, CEO of CryptoQuant, argues that this trend may ultimately prove advantageous for Bitcoin, suggesting that increased mining difficulty could act as a precursor to Bitcoin's transformation into a stable currency by 2030.   Source: CryptoQuant Mining Difficulty    Ju argues that the increasing influence of institutional actors within the Bitcoin mining sector will contribute to reduced market volatility. The anticipated influx of major fintech players is expected to catalyze the widespread adoption of stablecoins over the next three years, which may lay the groundwork for Bitcoin's utilization as a common transactional currency following the next halving event in 2028. The centralization of computational resources driven by institutional participation is expected to bolster the stability of the Bitcoin ecosystem—a critical prerequisite for its evolution into a widely adopted currency.   X Empire Token Launches on KuCoin The Elon Musk-themed game X Empire recently launched its token on The Open Network (TON). $X is a token based on the TON blockchain, designed to power the X Empire. X Empire combines AI, NFTs, and Web3 technologies and is available for trading on KuCoin starting Oct. 24.   X/USDT price chart | Source: KuCoin    The X Empire (X) token was launched on major exchanges, including KuCoin, on October 24. $X began trading at $0.000096, dropped to $0.00005, and briefly rebounded to $0.00013 before declining again. Market participants had generally expected a price closer to $0.0002. At its current valuation, X Empire's market capitalization sits just below $40 million—significantly lower than Catizen's $106 million, Hamster Kombat's $217 million, and far beneath Notcoin's $786 million.   The developers of X Empire have outlined plans to release multiple Telegram applications designed to offer exclusive benefits to token holders, including a news feed and a language learning platform. Additionally, the team teased an upcoming announcement via Telegram, stating, "One month until something big," on Thursday.    Solana's Daily Fee Revenue Reached New Highs at $8.7M  Solana TVL and fees. Source: DefiLlama   Solana continues to build momentum with its recent surge in network revenues capturing the attention of the crypto community. Positioned as a fierce competitor to Ethereum, Solana's recent economic achievements show its growing presence and influence. Let's dive into the key developments.   Layer-1 blockchain Solana has once again broken network revenue records. On October 23, it generated approximately $8.7 million in network activity value, up from just under $8 million the previous day, according to Blockworks Research. This includes revenue from base fees, priority fees, and tips, highlighting Solana's growing economic footprint.   One key factor driving Solana's rise has been the surge in celebrity coin trading on Solana-based memecoin platforms like Pump.fun and Moonshot. The activity on these platforms has drawn attention and bolstered Solana’s reputation.   Furthermore, on October 21 Solana’s decentralized exchange Raydium generated $3.4 million in fee revenue, surpassing Ethereum's $3.35 million in the same period. This is another achievement for Solana, especially as Ethereum struggles to recover from a significant revenue drop following its March Dencun upgrade, which led to a 95% reduction in transaction fees.   Read more: Solana vs. Ethereum: Which Is Better in 2024?   Conclusion These recent developments underscore the volatility, unpredictability, and complexity that define the cryptocurrency sector. Bitcoin's prospective journey toward increased stability could represent a significant milestone for its mass adoption by 2030. Conversely, initiatives such as the Elon Musk-themed X Empire token highlight the inherent challenges and unpredictability involved in launching new tokens. On top of that, Layer-1 blockchain Solana has once again broken network revenue records. Moreover, the suspected stolen government-linked crypto holdings emphasizes the enduring risks associated with digital asset security. As the landscape continues to evolve, each event holds the potential to significantly shape the trajectory of digital assets. The journey of cryptocurrencies is far from complete, and stakeholders must maintain vigilance as this dynamic environment continues to unfold.

At 8:00 AM UTC+8, Bitcoin  was priced at $66,665, showing a 1.12% drop, while Ethereum stood at $2,524, down by 3.73%. The market's 24-hour long/short ratio in the futures market was almost balanced at 49.5% long versus 50.5% short positions. The Fear and Greed Index, which measures market sentiment, was at 69 yesterday, indicating a "Greed" level, though slightly down from 71 recorded 24 hours earlier. The crypto market remains in Greed territory today, with the Crypto Fear & Greed Index slightly decreasing from 70 to 69. Despite recent fluctuations, the overall market leans towards greed.   Quick Take  The crypto market saw a dip, with Bitcoin briefly falling to $66,000 and Ethereum dropping 5%, while Solana held steady. Tesla revealed it continues to hold $184 million in Bitcoin, showing its long-term commitment to the asset despite market volatility.  Investor sentiment remains cautious due to global uncertainties and the upcoming U.S. election, adding to market hesitancy. Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers    Trading Pair  24H Change GOAT/USDT +37.01% POPCAT/USDT +18.05% MEW/USDT +15.49%   Trade now on KuCoin   Crypto Market Slides: Bitcoin Dips to $66k, Ether Slides 5%, Solana Holds Firm BTC/USDT price chart | Source: KuCoin   Cryptocurrencies experienced a selloff in parallel with traditional financial markets on Wednesday. Bitcoin saw a decline of 2.3%, falling to $66,000 before recovering above $67,000, while Ethereum took a harder hit, dropping 5.3% to below $2,490. The broader crypto market, represented by the CoinDesk 20 index—tracking the top 20 cryptocurrencies by market cap—fell by 2.6%. Chainlink suffered the worst losses, slumping 7.6%, while Internet Computer managed to rise 1%, the only token to defy the downtrend. This selloff, occurring alongside traditional market downturns, highlights investor hesitancy amidst current global uncertainties.   Solana Outshines Ethereum, Reignites Debate on Blockchain Roadmaps SOL/USDT price chart | Source: KuCoin    One of the standout performances came from Solana, which held steady amidst the market declines. The SOL/ETH trading pair surged 6.3%, setting a new all-time high, while ETH/BTC hit its lowest point since April 2021. This strong showing from Solana has reignited debates around Ethereum's roadmap. According to Brian Rudick, director of research at GSR, Ethereum's underperformance must be analyzed in the broader context. He pointed out that the recent success of spot Bitcoin ETFs and the revival of Solana following the FTX collapse were unique events that helped BTC and SOL significantly outperform ETH. Rudick emphasized that, discounting the FTX collapse, Ethereum's performance since the 2021 crypto peak has actually been on par with Solana’s, suggesting that the current sentiment might be skewed by recent developments rather than longer-term trends.   Political Uncertainty and Upcoming U.S. Election Weigh on Sentiment Adding to the bearish sentiment is the uncertainty surrounding the upcoming U.S. presidential election. Joe Edwards, head of research at Enigma Securities, noted that even with crypto-friendly Donald Trump leading in betting markets, and Vice President Kamala Harris displaying a less antagonistic stance towards crypto compared to the current administration, markets are struggling to gain momentum. This lack of direction is likely tied to hesitancy around the political outlook and broader macroeconomic conditions. Investors are unwilling to make bold moves before seeing how the election unfolds, keeping upward momentum in check. With different drivers at play for each major asset, the near future of the crypto landscape appears uncertain, and traders will need to navigate these waters carefully in the weeks ahead.   Read More: Polymarket Hits Record $533M in Volume Amid U.S. Election Hype and Potential Token Launch   Tesla Holds Its Bitcoin, Reveals Q3 Financials Amid Stock Dip After Cybercab Reveal Tesla Retains Bitcoin Holdings for the Fifth Straight Quarter. Tesla's Q3 2024 earnings report revealed that the company held onto all its digital assets, including $184 million in Bitcoin, for the fifth consecutive quarter. This consistency in Bitcoin holdings highlights Tesla's approach to cryptocurrency as a strategic long-term asset.   In Q3, Tesla's revenue was $25.18 billion, slightly down from Q2's $25.5 billion, but net income showed a healthy increase, reaching $2.18 billion, up from $1.5 billion in the previous quarter. The continued holding of Bitcoin by Tesla and other public companies is closely monitored by investors, serving as an indicator of institutional interest in the crypto space and potential market impacts from selling pressures.   Source: Tesla Balance Sheet Q3   Arkham Intelligence Reports Wallet Movements, No BTC Sold Speculation about Tesla's Bitcoin wallet activity spiked when Arkham Intelligence reported a transfer from wallets believed to belong to the company. According to Arkham, Tesla still controls around 11,509 BTC, worth roughly $750.7 million. This finding was confirmed by Tesla's recent financial disclosures, confirming no crypto sales since 2022, despite rumors of asset movement. Tesla's firm commitment to Bitcoin reflects their confidence in its value as a digital asset. Despite investor skepticism following the launch of Tesla's self-driving Cybercab, the company's commitment to holding its Bitcoin remains unwavering. The decision by Tesla to retain its Bitcoin holdings is closely observed by investors and the broader market. Public companies holding large amounts of digital assets are often seen as indicators of institutional confidence in the crypto space. Tesla's consistency here reflects continued interest from significant players in the industry, which could impact market sentiment and the broader adoption of Bitcoin.   Conclusion Tesla’s ongoing commitment to its Bitcoin holdings, alongside its mixed revenue and profit performance, underscores its strategic perspective on cryptocurrency as a long-term asset. Investors closely watch moves like this from public companies to gauge broader institutional interest in crypto. As Tesla stands firm, it signals confidence in Bitcoin's role in the evolving financial landscape. Cryptocurrencies experienced a selloff in parallel with traditional financial markets on Wednesday. Adding to the bearish sentiment is the uncertainty surrounding the upcoming U.S. presidential election. With different drivers at play for each major asset, the near future of the crypto landscape appears uncertain, and traders will need to navigate these waters carefully in the weeks ahead.   Read More: HBO Spotlights Peter Todd, Avalanche Launches Crypto Visa, Sui Integrates with Google Cloud: Oct 23

Today's crypto highlights: Peter Todd is under scrutiny after HBO’s documentary suggests he might be Satoshi Nakamoto, sparking controversy and fear. Avalanche breaks new ground with its Visa card launch, bringing crypto payments closer to mainstream adoption. Sui Blockchain advances by integrating Google Cloud’s real-time data services, boosting blockchain utility. The crypto market remains in Greed territory today, with the Crypto Fear & Greed Index slightly decreasing from 71 to 70. Bitcoin (BTC) has shown some momentum, trading at $67,419 with a slight gain of +0.07%, while Ethereum (ETH) has dropped by -1.66% to $2,622. In the futures market, the 24-hour Long/Short ratio remains balanced at 49.5%/50.5%, reflecting relatively even sentiment among traders. Despite recent fluctuations, the overall market leans towards greed.   Crypto Fear & Greed Index | Source: Alternative.me   Trending Tokens of the Day  Top 24-Hour Performers      Trading Pair  24H Change SCR/USDT 118.7% UNIO/USDT 18.73% POKT/USDT 31.23%   Trade now on KuCoin   HBO Documentary Brings Peter Todd Into the Spotlight, Sparks Safety Concerns Peter Todd recently found himself in an unexpected spotlight. An HBO documentary, created by filmmaker Cullen Hoback, claimed that Todd is the mysterious creator of Bitcoin, Satoshi Nakamoto. The documentary premiered on October 9, alleging Todd's identity as the man behind the world’s most valuable cryptocurrency. Since then, Todd has voiced fears for his safety, explaining that the sudden association with Nakamoto's wealth has forced him into hiding.    Though Todd vehemently denied being the Bitcoin inventor, the exposure has put him at risk. In an interview with Wired, Todd stated, “Obviously, falsely claiming that ordinary people of ordinary wealth are extraordinarily rich exposes them to threats like robbery and kidnapping. Not only is the question dumb, it’s dangerous.” Todd pointed out that Satoshi Nakamoto took great efforts to remain anonymous to avoid precisely such threats, and he criticized those trying to uncover Nakamoto's identity.   Despite Todd's rebuttal, Cullen Hoback defended the documentary's purpose, arguing that identifying Nakamoto is important given the potential wealth associated with the Bitcoin creator. Hoback highlighted that an anonymous figure possibly controls one-twentieth of the global supply of Bitcoin, making Nakamoto’s identity significant. While the documentary raises questions, it has also put Todd in a precarious position, showing the potentially harmful impact of high-profile speculation in the cryptocurrency world.   Avalanche’s Crypto Visa Card Marks Milestone for Adoption Avalanche has launched its Visa Card, which brings cryptocurrency payments closer to mainstream use. The card enables users to make purchases using cryptocurrencies such as WAVAX, USDC, and sAVAX at any location that accepts Visa payments. Available in both virtual and physical formats, the card provides a seamless way for users to convert their digital assets into transactions across millions of merchants globally. Initially launched in Latin America and the Caribbean, the rollout is expected to expand to additional regions soon.   The Avalanche Visa Card represents a significant move in bridging traditional finance and the crypto economy. The card offers self-custody wallets for users, providing secure, unique addresses for each asset, and ensuring easy access to spending while maintaining high security. Features like spending alerts, card freeze options, and PIN customization give users more control over their funds, enhancing security.   One standout feature of the Avalanche Card is its non-bank status. This means that the card is not linked to any traditional financial institution, allowing users to enjoy the benefits of privacy without any impact on their credit scores. However, this also means that users need to handle their spending responsibly, as there are no reporting mechanisms to credit bureaus.   Avalanche's strategic launch in underbanked regions like Latin America aims to provide financial inclusion through blockchain technology. The card supports the goal of integrating cryptocurrencies into everyday financial transactions, allowing holders to spend crypto as easily as fiat currency. By bringing crypto payments into the physical world, Avalanche is working to drive the adoption of digital currencies, making them a practical alternative to traditional money. Though there are limitations regarding specific countries—such as Cuba, Venezuela, and Russia, where the card is not accessible—the initial rollout is a step forward in bridging financial gaps with crypto technology.     Sui Integrates with Google Cloud to Power Real-Time Blockchain Applications Sui, a decentralized blockchain network, has announced a new integration with Google Cloud, facilitated by blockchain infrastructure provider ZettaBlock. This partnership is a significant development for blockchain data accessibility, allowing developers to access real-time blockchain information through Google Cloud’s Pub/Sub service. By providing seamless data flow, this integration aims to boost the creation of innovative applications, such as AI-powered fraud detection and immersive gaming.   Blockchain technology acts as a decentralized digital ledger, making data transparent and secure. By integrating with Google Cloud, Sui’s blockchain data becomes available for applications that rely on real-time responsiveness. This is especially relevant for artificial intelligence models that need immediate access to the latest data, such as those used for monitoring transactions for signs of fraud.   The collaboration with Google Cloud means that developers can now build more sophisticated solutions on the Sui network. For example, AI models can detect suspicious transactions as they happen, rather than relying on older, static data. This ability enhances the effectiveness of fraud detection systems. Additionally, real-time blockchain data can enrich online gaming experiences by making games dynamic—altering difficulty levels or character behaviors based on actual blockchain events. ZettaBlock and Sui are looking forward to expanding these capabilities, offering developers advanced tools to make blockchain data more accessible for a wide range of applications.   See Also: Top Sui Memecoins to Watch in 2024-25   Source: X   Read More: Top Sui Memecoins to Watch in 2024-25   Conclusion The world of blockchain and cryptocurrencies is evolving rapidly, as seen in these latest developments. Peter Todd's forced association with Satoshi Nakamoto has thrown a spotlight on the real dangers of unverified claims in the crypto industry. Meanwhile, Avalanche’s Visa Card launch is a step toward integrating cryptocurrencies into everyday transactions, making digital currencies more accessible. Lastly, Sui's partnership with Google Cloud through ZettaBlock is helping provide innovative solutions with real-time blockchain data, empowering both AI and gaming industries. Stay tuned to KuCoin for up to date crypto news!

On October 21, investors took advantage of Bitcoin’s 3% dip, adding $329 million to BlackRock’s iShares Bitcoin Trust (IBIT). This marked the third time in four trading days that IBIT recorded over $300 million in inflows, reaffirming its dominance in the U.S. spot Bitcoin ETF market.   Quick Take BlackRock's iShares Bitcoin Trust (IBIT) gained $329M in inflows on October 21, despite Bitcoin’s 3% dip. Fidelity's Bitcoin fund followed with $5.9M in inflows, while other ETFs posted negative or flat flows. Bitcoin’s price dropped to $66,975 after failing to break the $70,000 resistance. Analysts predict a pullback to $62,000, following Bitcoin’s highest weekly close in five months. A quantile model suggests Bitcoin could range between $55,000 and $285,000 by 2025. Michael Saylor faced backlash over promoting custodial solutions for Bitcoin. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with a $5.9 million inflow, while other spot Bitcoin ETFs saw flat or negative flows. This influx suggests investors continue to see Bitcoin as a long-term asset despite recent volatility.   Bitcoin’s Price Correction and ETF Performance Spot Bitcoin ETF inflows | Source: Farside Investors    Bitcoin’s recent dip to $66,975 came after a failed attempt to break the $70,000 resistance. This decline disrupted a 10-day rally fueled by election-related speculation. Analysts like Emperor predict a pullback to $62,000, signaling that further consolidation may be on the horizon.   Despite the price correction, Bitcoin ETFs continue to attract strong inflows, reflecting investor confidence. With IBIT now surpassing $23 billion in total net inflows, BlackRock’s product stands as one of the top-performing ETFs of 2024, alongside Vanguard and BlackRock’s S&P 500 funds.   Read more: Best Spot Bitcoin ETFs to Buy in 2024   Bitcoin’s Correlation with Traditional Markets Remains High BTC/USDT vs S&P 500 | Source: TradingView    Bitcoin's 40-day correlation with the S&P 500 remains above 80%, indicating that macroeconomic factors continue to influence both asset classes. While Bitcoin has historically decoupled from traditional markets during bull runs, recent trends suggest a tight alignment with equities.   Analysts believe that Bitcoin must decouple from stocks to regain its position as a non-correlated asset. In addition, Bitcoin’s growing correlation with gold suggests that investors are increasingly using it as a hedge against macroeconomic uncertainty.   Read more: The Bitcoin Stock-to-Flow (S2F) Model: A Comprehensive Guide   Quantile Model Predicts Bitcoin Could Reach as High as $285K in 2025 Source: X    Amid ongoing price volatility, analysts like Sina have employed a quantile model to predict Bitcoin’s market behavior. The model divides Bitcoin’s price trajectory into three zones—cold, warm, and hot—based on probability ranges:   Cold Zone (33% percentile): $55,000 to $85,000 Warm Zone (33%-66% percentile): $85,000 to $136,000 Hot Zone (66%-99% percentile): $136,000 to $285,000 Sina emphasized that Bitcoin tends to cycle between these zones over time. If Bitcoin stays within the cold zone throughout 2025, it presents a buying opportunity for long-term investors. In contrast, the hot zone represents peak market conditions, marked by rapid reversals and profit-taking.   Michael Saylor Promotes Custodial Bitcoin Solutions MicroStrategy’s chairman, Michael Saylor, sparked controversy on October 21 by promoting custodial solutions for Bitcoin through “too big to fail” financial institutions. Saylor's shift contrasts with his earlier stance on self-custody, which he once championed as essential for decentralization.   During an interview, Saylor dismissed concerns about government interference, referring to self-custody advocates as “paranoid crypto-anarchists.” He argued that large institutions would better safeguard Bitcoin assets, triggering criticism from Bitcoin advocates.   Sina, co-founder of 21st Capital, warned that Saylor’s pivot undermines Bitcoin’s ethos of financial sovereignty. Other analysts speculated that MicroStrategy’s long-term goal might involve positioning itself as a Bitcoin bank, further driving the narrative in favor of institutional custody.   Read more: MicroStrategy's Bitcoin Holdings and Purchase History: A Strategic Overview   Conclusion: Bitcoin ETFs Thrive Despite Volatility BlackRock’s IBIT continues to attract significant inflows, signaling sustained institutional interest in Bitcoin. While Bitcoin's recent dip to $66,975 has sparked predictions of further pullbacks, the resilience of ETF flows suggests long-term optimism among investors.   Saylor's pivot towards custodial solutions has reignited debates about Bitcoin’s core philosophy. However, the quantile model indicates a broad range for Bitcoin’s potential growth, with a peak price projection of $285,000 by 2025.   As Bitcoin consolidates near $67,000, investors will be watching for a move above $68,500 to maintain bullish momentum. For now, the continued inflows into Bitcoin ETFs reflect confidence in Bitcoin’s long-term value, even amid short-term corrections.   Read more: Stripe Acquires Bridge for $1.1B, Pump.fun Launches Advanced Terminal and More: Oct 22