Coin overview
ATH
Ended--
Last price (USDT)
301.74K
24h total (USDT)
1.14M
Total vol (USDT)
2024-06-05 08:00:00 ~ 2024-06-12 09:30:00
Trading time (UTC+0)
2024-06-13 04:00:00
Delivery time (UTC+0)
Total supply41.08B
Resources
Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
XRP Price Soars, Reaching Highest Level Since 2021
XRP has taken the crypto market by storm, surging by an impressive 50% over the past week to reach $0.91, its highest level since 2021. This rally defies broader market trends, which have seen other cryptocurrencies struggle to maintain momentum. Whale activity has been a driving force, with wallets holding over 1 million XRP now collectively amassing nearly 46 billion tokens—a six-year high. This significant accumulation signals strong confidence in XRP’s long-term potential, particularly as regulatory dynamics shift in the U.S. Short sellers were hit hard by the rally, with over $26.31 million in liquidations recorded within 24 hours – $11.36 million in long positions and $14.95 million in shorts. This sudden market movement caught many traders off guard, further fueling the token’s upward trajectory. On-chain analytics suggest that large holders have steadily added to their positions, accumulating over 3.4 billion XRP in the past two years, a clear indicator of sustained interest in the token. Adding to the excitement is speculation surrounding SEC Chair Gary Gensler’s potential departure . His tenure has been marked by aggressive enforcement against crypto firms, including Ripple. Recent comments by Gensler have been interpreted by some as signaling his possible exit, sparking hopes for a more favorable regulatory landscape under the incoming administration. Investors are optimistic that a leadership change could bring relief to U.S.-based crypto projects, including Ripple. READ MORE: Cardano Defies Recent Market Downturn With a 20% Surge – Here is Why This convergence of factors—strong whale activity, trader liquidations, and regulatory speculation—has positioned XRP as a standout in the crypto market. Its resilience and renewed investor confidence reflect a broader belief in Ripple’s future potential, even as the industry navigates uncertain terrain. Whether these developments mark the beginning of a sustained upward trend remains to be seen, but XRP’s recent performance has undeniably captured the spotlight. At the time of writing, XRP has retraced to $0.864, but is still up 13% on the daily chart. Despite this surge, the altcoin still remains far below its all-time high (ATH) of $3.4, last seen in January, 2018.
Russell Okung’s Bitball league offers players a Bitcoin payment option
Retired NFL player Russell Okung’s new Bitball league will offer players the option to take their payments in the leading cryptocurrency Bitcoin. The former Carolina Panthers player took to his X handle to announce the new football league to kick off on December 10. In an interview, Okung mentioned that he has been looking into the possibility for quite a while. He noted that he wants to build the league to ensure players can earn Bitcoin, fans can also have stakes, and the community can build wealth. “This means middlemen and backdoor deals will be eliminated,” the former NFL player said. Russell Okung lays down his plans for Bitball Russell Okung mentioned that the idea to create Bitball came after his retirement. He tried to convince league owners of the merits of Bitcoin but was unsuccessful. He added that he is trying to build a league where players can play pure sport and earn in Bitcoin . Okung clarified that he wants athletes to build wealth, stopping the norm of ex-players going broke years after retirement. The players he contacted, including friends and former NFL players, were enthusiastic about the new league. He revealed his excitement about the cultural statement and noted that he wants people to lean in and go deep. The new Bitball league will debut on December 10 at the Al Nahyan Stadium in Abu Dhabi. The inaugural game will feature 24 professional football players. Okung clarified that only users with the Bitcoin conference ticket will attend the game. See also Bitcoin's breakout pushes altcoins to revisit ATH Okung’s Bitcoin adoption journey Russell Okung is not new to the Bitcoin space. He made headlines in December 2020, when he announced he would take half of his $13 million salary in Bitcoin. According to the former NFL star, he still holds the Bitcoins and has continued to purchase more since then. Although his total tally remains unknown, the 240 Bitcoin he was paid in 2020 for $6.5 million of his salary, will be worth $21 million today. Okung has vowed to keep holding his tokens, despite the discouragement the volatility in the crypto market brings. Okung noted that he didn’t start the ‘pay me in Bitcoin’ initiative to chicken out. He sees it as an opportunity to help his family while emphasizing the freedom in digital form that Bitcoin provides. He sees his risk as a good one, going by the asset’s price when he bought it till now. The former NFL star also sees Bitcoin as a new value creation, while noting that he invests in mining as well. “I also invest in Bitcoin mining, so I’m interested in both land and energy. Energy, in particular, serves as an anchor for a high-output civilization,” he said. Bitcoin has maintained an upward swing over the last few weeks since Trump emerged as the president. Bitcoin hit new all-time highs before settling around $93,000 on Wednesday. While analysts are still discussing the sector’s potential under Trump, Okung hailed his impact, especially his speech at the Bitcoin conference this year. See also Elon Musk pledges online transparency for the Department of Government Efficiency (D.O.G.E.) He notes that it is a serious gesture that shows the authorities are taking Bitcoin holders seriously. Okung clarified that crypto users are a voting block, and they have the opportunity to shape America’s future like every other group of people. However, despite the excitement, Okung notes that he is aware of the downs in the market. “When I first bought Bitcoin, I knew about the volatility and studied the market cycles. I expected highs and lows, but one key metric stood out: over a four-year horizon, Bitcoin generally goes up,” he said. He added that he did some thinking about the perception of Bitcoin’s value worldwide, and it gave him the strength to go on even through the FTX issue.
bbSOL hits $230 ATH, Offers 22% Yield, Deepens CeDeFi Offerings with RateX, Save and marginfi
Dubai, United Arab Emirates, November 15th, 2024, Chainwire Bybit , the world’s second-largest crypto exchange by trading volume, is excited to announce new strategic integrations for its bbSOL offering, expanding decentralized finance (DeFi) yield opportunities for bbSOL holders through partnerships with RateX, marginfi, and Save. These partnerships align with Bybit’s mission to provide innovative CeDeFi solutions, combining the benefits of centralized and decentralized finance to optimize yield generation and asset growth. bbSOL hits ATH at $230 in its 3rd month Source: https://www.bybit.com/en/coin-price/bybit-staked-sol/ Launches its First Synthetic Yield Farming Offering with RateX Bybit’s integration with RateX introduces synthetic yield options for bbSOL holders, offering a unique way to grow assets. On RateX, bbSOL holders can trade synthetic Yield Tokens (YT) of various yield-bearing assets with leverage, capitalizing on yield movements in a cost-effective manner. Additionally, RateX’s platform includes features like Earn Fixed Yield and Yield Liquidity Farming. By depositing bbSOL into RateX, users can convert floating yield into fixed yield, secure future returns, trade yield, or provide liquidity for yield trading. Adds Nearly $900M TVL in Liquidity to bbSOL with Save and marginfi In line with enhancing bbSOL’s DeFi utility, Bybit is also partnering with Save and marginfi, two prominent lending and borrowing protocols on Solana. Save, with $379M in Total Value Locked (TVL), and marginfi, with $500M TVL, connect bbSOL holders to a growing Web3 community, providing opportunities to lend, borrow, and optimize yields through decentralized mechanisms. Offers a highly competitive 22% APY with no commission bbSOL continues to offer a highly competitive APY of up to 22%, a combination of base yield and additional DeFi yields. With no commission fees and flexible instant or delayed redemption options, bbSOL gives users seamless, cost-effective access to both CeFi and DeFi earnings, surpassing other staking products. Now available via 16 CeDeFi partners with a variety of yield earning and farming methods bbSOL integrates with eight Solana DeFi projects, including RateX, Save, and marginfi, and is available across eight Bybit CeFi products. Users can directly purchase bbSOL with stablecoins, use bbSOL as collateral, convert over 300 assets to bbSOL at no extra cost, and trade bbSOL/USDT with up to 10x leverage on spot margin trading. “Bybit is proud to provide CeDeFi solutions that empower our users to access, earn, and grow their assets with bbSOL across both centralized and decentralized platforms,” said Emily, Head of Web3 Product Development at Bybit. “Our partnership with RateX brings an innovative synthetic yield option to bbSOL, and integrations with protocols like Save and marginfi extend flexible, high-value opportunities within the Web3 community. Bybit remains committed to supporting users in maximizing yield with versatile options that meet the evolving needs of today’s digital asset landscape.” With this expansion, Bybit reinforces its position as a leader in CeDeFi innovation, offering bbSOL holders diversified, flexible options to enhance yield potential across a broad range of financial products. #Bybit / #bbSOL / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting, and growing Web3 assets as open and simple as possible. Their wallets, marketplaces, and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit Web3, please visit Bybit Web3. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume with 50 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For more information, please visit: https://www.bybit.com For updates, please follow: Bybit’s Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com
This Altcoin Set to Soar 200%, Analyst Predicts Potential ATH by Early Next Year
A popular crypto analyst is predicting significant gains for one Ethereum layer-2 scaling solution, forecasting a potential surge of over 200%. Michaël van de Poppe suggests that Optimism ( OP ), a competitor to Polygon ( POL ), could reach a new all-time high (ATH) by early next year, provided it holds key support levels. Van de Poppe notes that while OP has recently faced a 20% drop, it is testing critical resistance zones. He anticipates that if Optimism can retest the $1.80-$1.90 range, it could break upward and challenge its ATH of $4.84 by January, representing a 214% increase from its current value of $1.54. READ MORE: Hamster Kombat Token Sees $1.3 Billion in Trading Volume Despite Drop in Active Users Turning to Bitcoin ( BTC ), the analyst believes the leading crypto could potentially hit $100,000 by the end of the week. However, he also warns of a flash crash within the next couple of weeks, which could disrupt liquidity across the crypto markets.
Dogecoin, TRON, and DTX Exchange's New Token Gain Momentum
The cryptocurrency market has skyrocketed in price, and memecoins have been at the forefront of this bullish onslaught. Dogecoin (DOGE), the first memecoin, is ready to break its historical maximum, gaining noticeable momentum kriptovalyuta TRON (TRX). Also at the center of the current market excitement is a new token DTX Exchange (DTX ). This Altcoyin , which stands at the intersection of traditional and decentralized finance, has been hailed as a pioneer that is poised to change the way cryptocurrency trading is done. DTX Exchange (DTX): A New DeFi Project Worth Betting On DTX Exchange (DTX) generates optimistic sentiments, quickly passing the stages of sales. Having outstripped most new ICO , with early-stage funding exceeding $7,5 million, putting it on pace to reach its $8 million fundraising goal. Behind this growing interest lies TradFi's innovative approach- DeFi and significant growth prospects. Being a new cryptocurrency, token has plenty of room to grow, challenging large-cap tokens such as Dogecoin (DOGE) and TRON (TRX) DTX is only worth $0,08 in the fourth round ICO , providing a low entry. Perhaps this is why leading experts predict a 55-fold jump in value after listing on Tier-1 exchanges. This is one of the new projects. DeFi One to Watch: The Coming Transformation of the Global Trading Space worth $10 billion puts DTX in the spotlight. It takes a unique approach by combining the best elements of CEX and DEX, specifically wallet-based trading and non-custodial storage solutions. Aimed at solving problems such as financial exclusion and global inaccessibility of markets and assets, it is set for mass adoption. Dogecoin (DOGE) Targets New High Dogecoin , widely known as the first memecoin, is one of the top altcoins. It ranks high on the altcoin list, ahead of XRP , Cardano and USDC. The top 10 cryptocurrencies are one of the highlights of this month. Dogecoin Price has soared more than 100% over the past seven days and 250% on a monthly chart. Token is trading above $0,38 (data from CoinMarketCap), which is only 45% below its all-time high of $0,73. Crypto analyst MiddleChildPabk believes that DOGE could reach a price of $ 1,69 – 2,69 , which will increase the market capitalization to $250-380 billion. Another analyst at CryptoGosu is optimistic that the first kriptovalyuta -the meme will reach the range between $ 4 and $ 4,20 based on Elliott waves. Taking into account bullish indicators 20-EMA and 20-SMA , which are buy signals, new ATH Dogecoin not far away. TRON (TRX) Prepares for Breakout Token first level blockchain TRON regained momentum and began to rally. Despite a slow start, the bulls returned, sparking a rally. TRON Price has risen more than 14% on the weekly chart, trading above $0,18. The 10% jump on the daily time frame suggests a shift to a bullish trend. Meanwhile, crypto analyst Intuit_Trading highlights $0,29 as a minimum target by the end of the year. An optimistic CryptoDona7 determines $ 0,6 – 0,8 as the "most realistic price" for TRON in this cycle. As a breakout above $0,19 approaches, fellow crypto analyst AKAZA believes that reaching the mark $1 is just around the corner . These optimistic statements are confirmed by Key indicators , such as price TRON , trading above the 10-EMA ($0,17) and 10-SMA ($0,167), both buy signals. Why DTX Exchange Is Considered a Rival to Dogecoin and TRON DTX Exchange - new token DeFi with solid fundamentals. Its hybrid trading platform will solve key problems in the global trading scene. Moreover, its fast-growing community makes it a top cryptocurrency choice, ahead of major coins by market cap such as Dogecoin и TRON . Visit the DTX Exchange Presale Visit the project website Join the DTX Community This advertising article does not constitute investment advice. The reader bears full responsibility for any actions taken by him on the basis of information received on our website.
Trump Not Sole Driver of Bitcoin Price
Bitcoin has been surging since Donald Trump’s surprising win, rising by 21% in the last 7 days and hitting a new ATH. For most people, Donald Trump’s win is the obvious explanation for Bitcoin’s new success. However, some believe other factors are pushing Bitcoin to new heights. Onramp Bitcoin co-founder Jesse Myers shared a different perspective on Bitcoin’s recent surge, and it was rather interesting. Source. Coinmarketcap Meyers shared in a recent X post, “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But that’s not the main story here. The main story here is that we are 6+ months post-halving.” The Bitcoin halving takes place every four years. It typically involves reducing block rewards. The last halving occurred in April this year, reducing rewards from 6.25 BTC to 3.125 BTC. If you’re wondering what’s happening with #Bitcoin … Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here. The main story here is that we are 6+ months post-halving. And that means a supply shock has… pic.twitter.com/XkwPoPxrj2 — Jesse Myers (Croesus 🔴) (@Croesus_BTC) November 11, 2024 Meyers attributes recent price performance to a supply shock. He wrote, “There’s not enough supply available at current prices to satisfy demand,” and supply-demand price equilibrium must be restored.” Long-Term Growth in View In his post, Meyers claimed we’ve seen this cycle before, citing post-halving experiences in 2012, 2016, and 2020. Interestingly, other prominent analysts like American financier Anthony Scaramucci believe Bitcoin is up for a good run. Scaramucci claims everyone is still early to the Bitcoin party, even though it does not seem so. Source: X He offered several reasons to bet on Bitcoin’s long-term performance. The American financier sees the US setting up a Bitcoin reserve, inspiring other countries to do the same. Interestingly, 94% of Bitcoins are already in circulation. This means there are only 1.2 million BTC to be mined, leaving room for supply and demand pressure. Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
$134,000 Bull Cycle Top Predictions Comes to Light, as Analyst Observes BTC Magic Bands, Next Target $98,720
Analyst believes $134,000 is the cycle top for Bitcoin and will arrive by the end of 2025. He says the next ATH target for BTC is $98,720. This cycle top prediction is much lower than most other predictions so far. Bitcoin price continues to hold strong at the $88,000 price range after having set a new ATH at $93,434.36 . Amid what is expected to be an incredibly bullish Q4, Bitcoin set consecutive ATHs from the $73,000 price range to $93,000 in just two weeks. This ignites a high probability of Bitcoin hitting 6-digit ATHs in the coming weeks. High Expectations Spurs Market Sentiment More seasoned analysts believe that the price of Bitcoin (BTC) will set 6-digit ATHs by the end of Q4. In particular, these bullish ATH expectations lie between $100,000 to $150,000 with cycle top predictions of $220,000, $320,000, and $520,000 by the end of the bull cycle likely in 2025. Presently, the sentiment for the crypto market according to the Crypto Fear & Greed Index is ‘extreme greed’ with a score of 80. This reflects market sentiment which is further fueled by pro-crypto candidate Donald J. Trump’s victory in the US Presidential elections and the fact that traders find themselves trading in the ‘ golden pocket ’ zone till Inauguration Day. What’s Next for Bitcoin? #Bitcoin is racing up to meet Level 3 of the Magic Bands at $98,720. I have been showcasing this target since the break of Level 2 nine months ago and now it's just an inch away. On top of this, we're about to see the bands rapidly expand to the upside as they adjust for volume… pic.twitter.com/Whi1QVTLSk — CryptoCon (@CryptoCon_) November 14, 2024 According to the analyst in the post above, Bitcoin (BTC) is preparing to hit Level 3 of the Magic Bands and aims to hit its next ATH target at $98,720. The analyst believes this target has been in play since the break of Level 2 nine months ago, and the time is finally nigh. In addition, he says that the bands are about to rapidly expand to the upside to adjust for volume beyond ATHs. Read CRYPTONEWSLAND on google news Thus, the analyst concludes by saying that the Cycle Top target at the moment for BTC is at $134,000 which means BTC price will be going up by 1000s per week. The post finishes with an expectation for the bull cycle top to occur in late 2025, an uncommon opinion in the crypto space at this time. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
1500% or 5000% Price Explosion for Ripple’s XRP in Play, Analyst Expects ATHs From $9 to $27
Bitcoin’s new ATH remains as asset hovers at the $88,000 price range. Analysts expect new ATHs for BTC soon as they do with most altcoins. When altseason begins, XRP could hit new ATHs between $9 and $27. Bitcoin remains strong around the $88,000 mark after setting a recent all-time high (ATH) of $93,434.36 . With Bitcoin climbing from $73,000 to over $93,000 in just two weeks, this Q4 is shaping up to be one of the most bullish seasons yet. The fast gains have driven widespread optimism that Bitcoin could soon cross into six-figure territory. Many seasoned analysts now forecast that Bitcoin could hit ATHs between $100,000 and $150,000 by the close of Q4, with extended cycle projections suggesting potential highs of $220,000, $320,000, or even $520,000 by 2025. The Crypto Fear & Greed Index currently reflects an ‘extreme greed’ sentiment with a score of 80, indicating heightened enthusiasm. The recent election of pro-crypto candidate Donald Trump and the current trading window, known as the ‘golden pocket’, have further fueled bullish market sentiment. With these factors in play, expectations for an upcoming altseason are accelerating rapidly. To support this expectation, many altcoins have either already begun to pump or have printed bullish indicators on their price charts. XRP’s Time to Shine Grows Close By history, the trajectory for $XRP is NEW ALL TIME HIGHS and beyond, which from here, is an over 300% increase to $3.30 🤯! That may only be the start… https://t.co/w9jLiR3M0Q pic.twitter.com/G9yPGZzOZk — JAVON⚡️MARKS (@JavonTM1) November 14, 2024 To highlight, one altcoin showing multiple promising bullish indicators is Ripple’s XRP . This asset has been waiting over a full cycle to show bullish momentum . In the previous cycle an XRP pump was denied due to the asset’s battle with the SEC. Read CRYPTONEWSLAND on google news XRP ATH Between $9 to $27? #XRP 21 EMA PUMP ( $3.7, $9 and $27): Simple Chart, Every Time #XRP on monthly basis closes on and above 21 EMA with full body candle above 21 EMA, It Pumped hard. These pumps are as follows: ✅5000% Increase: This could take us to $27 from where we are now! ✅1500% Rise: We… pic.twitter.com/80iaqRC3eU — EGRAG CRYPTO (@egragcrypto) November 14, 2024 Now, with a victorious end to the event, XRP seems ready to explode and the posts above hint at a 300% increase to set a new ATH at $3.30 and a continued price discovery pump of 55%, 1500%, or even 5000% that could very much take XRP price to greater highs between $9 and $27. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Neiro gains 30% as buyers push for new price levels
Neiro (CRYPTO:NEIRO) has surged significantly, experiencing a 30.29% increase over the past week amid a broader rally in the memecoin market. Despite this upward movement, Neiro remains 15% below its all-time high (ATH) reached just two days ago, raising questions about the sustainability of its current trend. Technical analysis indicates that Neiro is experiencing strong buying interest. The Relative Strength Index (RSI) has increased from 63 to 67 within 24 hours, suggesting that buyers are exerting more pressure than sellers, reflecting robust market momentum. Additionally, the Moving Average Convergence Divergence (MACD) shows a bullish trend, as the MACD line remains above its Signal line, signaling sustained upward momentum. Exchange flow data from Santiment highlights a notable decline in Neiro’s exchange flow balance over the past month, dropping from 1.23 billion tokens to just 7.04 million—a 99.43% decrease. This reduction implies less selling pressure, as more investors opt to hold their tokens in cold wallets rather than move them to exchanges. The number of Neiro holders has also risen to 19,800, pointing to increased interest and adoption. This growth in unique addresses can suggest a mix of new retail and potential institutional interest, supporting the memecoin’s long-term growth prospects. Market conditions currently favor buyers, indicating that Neiro may test the $0.0031 resistance level. A successful breakout could propel it to new ATHs, reinforcing its bullish phase and showcasing continued positive sentiment among traders and investors. At the time of reporting, the Neiro (NEIRO) price was $0.002058.
Will Bitcoin Hit $100K This Week? BTC Stares Down Six-Figure Price
Bitcoin price is rallying hard, and traders are closely monitoring BTC price action, but will Bitcoin hit 100k? And if so, when? No one saw Bitcoin Price Trading volume in 24h Last 7d price movement lifting off this fast and hard this fast. This week, the coin has added over $300 billion, cementing its lead as the world’s most valuable coin. $BTC Nov 14th daily…beta shows 100,000 for the first time. A break above R8 resistance clears the path to testing 95,000. Sideways action between 89 and 93 is likely. pic.twitter.com/0VI1F9qi0j — DMA Consulting (@VFrank6970) November 14, 2024 Bitcoin Price is Rallying Hard: Here’s How Why According to Coingecko, Bitcoin price is up +20% in the previous week alone, pushing its total market cap to nearly $1.8 trillion. The coin has generated over $129 billion in average daily trading volume in the past day. ( Source ) Analysts think this is just the beginning, and there is much more for Bitcoin. In their prediction, Bitcoin would ease past the historic six-figure milestone by the end of the month and then rip even higher. For years, analysts have been calling for $100,000, saying that once Bitcoin breaks above this mega wall, it will be historic and mark the start of another growth trajectory. 🥳 Bitcoin's incredible run has now topped out at a new all-time high price of $93,490. The hype across social media platforms is calling the tops very reliably, with the biggest signal came as $100K+ BTC price speculation poured in right at the ATH 4 hours ago. Counter-trade… pic.twitter.com/fqn0tVEL80 — Santiment (@santimentfeed) November 13, 2024 When that happens, BTC will register fresh all-time highs, propelled by a wave of institutional and state demand. In the last bull cycle, concerns about inflation led to Tyler Winklevoss predicting $500,000 for Bitcoin in the coming years. Although that is over 5X from spot rates, the pace of growth in the coming few trading days may solidify bulls’ beliefs. Presently, the local support for buyers to defend aggressively is $85,000, or November 12 low. Bitcoin can quickly lift and soar above $100,000 within the next two weeks if this level remains, anchoring buyers. ( BTCUSDT ) The current wave of demand follows the predicted win of pro-crypto Donald Trump in the last polls. EXPLORE: US Bitcoin Reserve: World On Precipice of BTC Arms Race All Hail Pro-Crypto Trump: Time For A Bitcoin Reserve? Polymarket had given the former president a 66% chance of winning, and he did. Other crypto-supporting legislators won seats in the Senate and Congress. If these politicians deliver their campaign promises, crypto and Bitcoin could extend gains in the next five years. For now, the top of the list and a key policy change is the possible addition of Bitcoin as a strategic asset, joining gold, in the United States. Interestingly, during this time, the market expects even fewer BTC in circulation now that the coin halved in April 2024. The current surge is the post-Halving cycle that has historically triggered sharp price gains. ( Source ) All the same, caution should prevail. As prices tick higher, the futures market is overleveraging, slowing down the uptrend since attention is shifting from actual spot buying to trading and leverage. Aware of this risk, Kris Marszalek, the CEO of Crypto.com, said the market needs to flush out overleveraged traders if prices are to steadily rally toward $100,000. ( Source ) Even with this possible risk, the gap to $100,000 is narrower than ever. Punters on Kalshi give BTC a 75% chance of hitting this milestone by January and a 53% probability in the next two weeks. EXPLORE: Indian Police Arrest Suspect Tied to $234M WazirX Cyber Attack Join The 99Bitcoins News Discord Here For The Latest Market Updates
Aethir officially promotes decentralized governance, and will establish a governance committee
According to official news, Aethir is officially promoting decentralized governance, gradually transitioning to a decentralized governance model in multiple stages. The specific roadmap is divided into the development phase, community education, Beta testing, and full launch. The core component of the Aethir governance model is the establishment of a governing committee. This committee will play a key role in promoting discussion, guiding decision-making processes and ensuring that proposals are consistent with Aethir's mission and goals. It includes three main groups: computational power providers, inspectors, and ATH stakers. In addition, key areas of governance include product development and direction, network parameters and policies, ecosystem partner expansion, token economics,and staking rewards etc.
Institutions Bet Big on Crypto as 57% Plan to Increase Allocations, Sygnum Survey Finds
Institutional interest in cryptocurrency has reached new heights. A recent survey by Sygnum Bank revealed that 57% of institutional investors and finance professionals plan to increase their exposure to crypto assets. This enthusiasm reflects a substantial shift in how major players view the long-term value of digital assets. Shifting Sentiments and Increased Allocations, Sygnum’s Findings The survey represents insights from banks, hedge funds, multi-family offices, asset managers, and other investment-focused entities. It was conducted across 27 countries with over 400 respondents, with respondents averaging over a decade of experience. Notably, about one-third (33.33%) of these participants are Sygnum clients. The findings highlight a rising appetite for high-risk investments in crypto and show growing confidence in the digital assets space. Among the key takeaways is that nearly 65% of respondents maintain a bullish long-term view of crypto. Meanwhile, 63% plan to allocate more funds in the next three to six months. Additionally, 56% are expected to adopt a bullish stance within a year, potentially fueled by Bitcoin’s recent surge toward all-time highs (ATH). More than half of the survey respondents already hold over 10% of their portfolios in crypto. Meanwhile, 46% plan to increase their allocations within six months, while 36% are waiting for optimal entry points. This commitment signals an enduring belief that digital assets can offer superior returns to traditional investments—a view shared by nearly 30% of survey respondents. When it comes to investment strategy, single-token holdings are the most popular approach. Based on the research, 44% of participants opt to invest in individual tokens. Actively managed exposure, where portfolios are adjusted based on market performance, follows closely with a 40% preference. This continued commitment to increasing crypto exposure, even amid market fluctuations, signals the growing perception of digital assets as a “megatrend” investment. “This report tells the story of progress and calculated risk, the use of a diverse set of strategies to leverage opportunities, and most of all, the continued belief in the market’s long-term potential to reshape traditional financial markets,” said Lucas Schweiger, Sygnum’s Digital Asset Research Manager. Strategic Approaches and Investment Trends Layer-1(L1) blockchains, which serve as foundational platforms for building decentralized applications (dApps), rank as the top investment interest. Web3 infrastructure and decentralized finance (DeFi) ventures follow closely. Interestingly, tokenized assets, including corporate bonds and mutual funds, have gained more traction than real estate investments, which led to 2023. This shift highlights how crypto adoption is influencing traditional sectors, offering new possibilities for asset tokenization. Previously, regulatory uncertainty was seen as the biggest hurdle for institutional crypto investments. However, the survey highlights that 69% of respondents now see regulatory clarity improving, shifting concerns toward asset volatility and security. This indicates a maturing market where investors prioritize effective risk management over regulatory barriers. The appetite for deeper insights into market-specific risks is evident. Up to 81% of participants stated that access to better information would encourage them to increase their allocations. This shift suggests that market intelligence, strategic planning, and technological research are critical factors for institutions venturing into the crypto playing field. Institutional enthusiasm for crypto is part of a broader trend across the US. Digital assets are no longer just speculative plays for individual investors. As BeInCrypto reported, crypto is increasingly seen as a long-term investment opportunity rather than a gamble. Furthermore, the introduction of Bitcoin ETFs (exchange-traded funds) has added credibility to crypto as an asset class. Political influences also play a significant role. President-elect Donald Trump’s recent win could bolster crypto’s status in the US, with some analysts believing that his pro-business stance may further enhance institutional involvement in the sector. This could bring additional visibility to the industry and potentially lead to more favorable regulations that further incentivize long-term investments in digital assets. Nevertheless, some market observers are skeptical about the implication of the growing institutional adoption of crypto, with the likes of BlackRock and MicroStrategy progressively growing their Bitcoin portfolios. “Does this not defeat the whole purpose of “decentralization”? BlackRock will be the biggest hodler, it doesn’t get much more centralized than that,” one X user noted. BlackRock iShares Bitcoin Trust (IBIT) Net Assets. Source: SoSoValue The Sygnum survey echoes recent findings, where BeInCrypto reported that over 80% of crypto investors are optimistic about the future. Many believe the current bull market is poised to continue.
Don’t Miss: The Secret Crypto Whales Use to Win at Meme Coin Trading
If you wonder how these big whales find the right projects and the right timing to invest, they often follow some precise crypto strategies. Obviously, nothing is 100% sure. Meme coins, in particular, are a very volatile reality whose price can fluctuate unexpectedly. Here are some tactics shared by Minty , a well-known trader, that he uses to predict momentum shifts, spot accumulation zones, and seize market opportunities. How to find good entries for memecoins pic.twitter.com/GDcgAWhhKA — Minty (@DeFiMinty) November 12, 2024 Identifying Momentum Shifts And Accumulation Zones After Dumps Whales watch for momentum shifts after a major dump. They look for signals of a new market structure—higher lows (HL) and higher highs (HH). These patterns suggest bullish momentum is building and can be a good entry point. Whales never rely on just one indicator; they use multiple signals for accuracy. They also watch for projects showing signs of recovery—strong volume, new narratives, or consistent holder growth. Often, they enter at Fibonacci retracement levels like 0.786, which is a good spot for reentry after a dump. Look for accumulation zones after a dump. These are defined consolidation areas where the price stabilizes. In these zones, whales accumulate positions without increasing prices too quickly. Sometimes, consolidation breaks downwards, but if a new range forms and momentum shifts upwards, it can be a good time for whales to make their move. Breaking an ATH often leads to price discovery. Whales may enter directly or wait for a resistance-to-support flip to maximize gains. DON’T MISS: These Meme Coins Could Produce 1000X Gains In The Next Year Wait For Entries – Don’t Fomo With Meme Coins Whales use Fibonacci retracement levels to find entry points. The 0.618 level is critical during pullbacks. Whales target these levels for strategic buys when a coin shows a significant retrace. The 0.786 level is also used for reentry during major trend reversals. Some traders use candle bodies for Fibonacci levels, while others use wicks. Whales often use both to assess multiple levels of confluence. Support and resistance levels are vital. They focus on key levels, like previous ATHs, support/resistance flips, and accumulation zones. Whales expect a price correction if a coin struggles to break its ATH or makes lower highs. This helps them adapt their positions and take advantage of price swings. ( SOL MARKET CAP ) In the end, experience is key to understanding support and resistance. Traders analyze countless charts, and the more they observe price action, the better they recognize patterns. The real secret? Patience. Whales know meme coin trading is unpredictable, especially with low-liquidity projects. Following these crypto strategies, avoiding FOMO, and having a good amount of luck could help you capitalize on your gains in this bull market. Flockerz Presale: A High Potential Meme Coin Opportunity For those looking to capitalize on early-stage meme coins like whales do, the Flockerz presale could be the right opportunity. Flockerz is a high-potential meme coin project currently in its presale phase. The project features innovative “Vote-To-Earn” and high staking rewards, making it an attractive option for early investors. The presale has already raised an impressive $1,6 million, and the current price is 1 $FLOCK = $0.0060049. This price will increase in the next phase, making now the ideal time to consider investing. By getting in early, you could maximize your gains as the project grows. The Flockerz project aims to engage its community with features that encourage active participation. The V2E system rewards holders for participating in key decisions, giving them a stake in the project’s direction. FLOCKERZ Empowers Its Community And Offers High Staking Rewards A vote a day.. Keeps the flock paid. Ready to join? 🤑 pic.twitter.com/s8l6mYn4Fp — Flockerz (@FlockerzToken) November 11, 2024 At the core of FLOCKERZ lies Flocktopia, a revolutionary DAO. Here, every holder has a voice and earns rewards through our groundbreaking Vote-To-Earn mechanism. Now, holders get to decide the path of the $FLOCK. Combined with high staking returns, Flockerz offers a unique blend of community involvement and profit potential that whales find highly attractive. Next time you see a meme coin trend forming, remember these tactics—and consider opportunities like the Flockerz presale. You might just catch a glimpse of the whales at work. Join The FLOCK Here Explore: Italy Scales Back Crypto Tax Hike, Proposing 28% Capital Gains Levy
Bitget Sees Record Trading Volumes, Relaunches in UK
Bitget reports ATH trading volumes and user activity. The user base expanded from 20 million to 45 million. Exchange re-launches operations in the UK. With Bitcoin reaching an all-time high of $87k, crypto market activity is seeing a major surge. Crypto exchanges are among the biggest beneficiaries of this development. Most recently, Bitget reported a major surge in trading volume and users. The exchange reached an all-time high (ATH) trading volume and significantly increased user count. At the same time, Bitget is also relaunching its operations in the United Kingdom. Bitget Reaches Record Metrics The crypto bull market is boosting exchange numbers. On Wednesday, November 13, Bitget revealed its latest metrics, showing significant growth. The latest figures put Bitget at the third spot in futures trading, at $77 billion, trailing only behind Binance and OKX. Sponsored The derivatives volume also saw significant growth. In November, the figure reached $1.51 trillion, an all-time high for the exchange. Moreover, in the last 24 hours, derivatives volume rose 1.7%, reflecting a broader growth in the crypto market. Bitget also saw major growth in its user count. In November, user growth was 125% yearly, increasing from 20 million to 45 million. The exchange credits these figures to its unique features, including a particular focus on beginner-friendly copy trading. Bitget Relaunch in UK Under FCA Rules Other than the growth in user base, Bitget is also expanding geographically. On Wednesday, Bitget also announced a re-launch of its operations in UK. The move comes after the platform was restricted in the country following new regulations in 2023. Thanks to a partnership with Archax, Bitget was able to comply with UK regulations. This exchange was authorized for trading with the UK’s FCA in 2020, enabling Bitget to get the necessary approvals to offer and market its services in the UK. Bitget’s CEO, Gracy Chen, emphasized the importance of adhering to local regulations. “By aligning our services with local regulations, we aim to build a long-term, sustainable presence in the UK market,” she explained. On the Flipside Bitget Wallet also saw significant growth. In August, the wallet gained 30 million users , seeing bigger growth than Metamask. Bitget’s recent growth was not without issues. In early October, Bitget’s BGB token experienced a flash crash , briefly dropping 50% due to a glitch. After the incident, the exchange promised to compensate users who lost money. Why This Matters Bitget’s record performance showcases the broader growth in the crypto market. As crypto assets reach record volumes, more traders are joining the market. Read more about Bitget’s latest initiatives: Bitget Tightens Token Listing Rules to Fight Exit Scams, Rug Pulls Read more about the latest in the FTX case: DOJ to Seize $16M in FTX Bribes, Mostly in Solana
Ancient SHIB Whale Makes $120M: New ATH on the Way for SHIB?
SHIB whips up 49% gains, showcasing a high correlation with DOGE. After 8 months, an early Shiba Inu coin buyer offloads 100B SHIB. SHIB’s market cap would have to double for a new peak. The positive market momentum carried on to the start of a new week. Shiba Inu (SHIB) emerged as the biggest gainer on Sunday, while Dogecoin (DOGE) led the seven-day rally with 155% gains. Meanwhile, Bitcoin (BTC) tacked on a new all-time high of $89,864.13 today, returning to $86,000 after an intra-day market correction. How This Early SHIB Buyer Netted $120M Dividends The rising altcoin price movement has awakened an early investor or an ancient whale in crypto terminology. The slang term describes large crypto investors who have held on to the coins for over four years. Tagged as a ‘smart money’ investor by LookOnChain, this Shiba Inu whale has been around since 2020. Sponsored Since its all-time low on November 28, 2020, the meme coin’s market value has soared by an incredible 45 million percent, making some early SHIB buyers extremely wealthy. However, the Shiba whale remained dormant for eight months before taking enormous profits today. Early $SHIB buyer "0xd6b," with a $120M profit, is back to offload tokens after 8 months of inactivity. An hour ago, this whale deposited 100B $SHIB ($2.81M) to #Gemini , leaving 2.5T $SHIB ($73M) remaining. Total estimated profit from $SHIB : $120M (+415%). Follow @spotonchain … https://t.co/yGvZt3QyKC pic.twitter.com/SODtxnIZ77 — Spot On Chain (@spotonchain) November 12, 2024 In a November 12, 2024 transfer, this major crypto player unloaded 100 billion SHIB tokens to Gemini, a popular American crypto exchange. Selling the tokens for $2.81 million, the whale’s total profit is $120 million, according to estimates from blockchain analytics platform SpotOnChain. After the sale, the whale still keeps 2.5T Shiba Inu coins in their crypto wallet . SHIB Price Is Facing Whirlwinds Of Market Correction As Bitcoin approaches a retest of the $89K all-time high scored earlier today, Shiba Inu is still far from its peak. The $0.00008616 milestone was fetched over three years ago, and Shiba’s price is still dwelling over 69% away after this week’s 49% bull race. 4-hour SHIB price trading charts from TradingView modified with CMF and StochRSI As of press time, SHIB is changing hands at $0.00002653, with two bullish on-chain metrics present. Notably, the Stochastic Relative Strength Index (RSI) is hovering in single digits, capped between 6.72 and 6.12, which constitutes an ultra-oversold SHIB price position. The Chaikin Money Flow (CMF) index, used to determine the inbound and outbound trends of the largest crypto investors, continues to showcase strong bullish momentum. Based on TradingView’s four-hour charts, it has not dropped below zero since November 4, 2024. On the Flipside In derivatives markets, the data from liquidated leveraged positions on Shiba Inu coins displayed a shocking anomaly: they were unevenly balanced. Despite SHIB breaching the $0.00003 resistance barricade for the first time since April, long liquidations took $3.74M out of a 24-hour total of $5.63M. Why This Matters Major players in the crypto sphere tend to take profits during estimated cycle tops, which could either influence the sentiment or be left unnoticed in case of a broader rally. Discover DailyCoin’s popular crypto news: SUI Struggles to Grip $3 in 10% Retreat from Record High Dogecoin Flips XRP, Building Historic Golden Cross: $1 Next?
Will Dogecoin Cool Down After Its 9th Consecutive Bullish Day?
Dogecoin maintains a 9-day bullish streak, climbing over 106% over a week and reaching an intraday high of $0.4316. Since Nov. 5, DOGE surged 175% from $0.1582 to a 3.5-year high of $0.4359, fueled by Trump’s election victory. Dogecoin (DOGE), the leading memecoin, is following Bitcoin’s footsteps, climbing higher for the 9th consecutive day. The flagship cryptocurrency, BTC, hit an all-time high of $93K, and Dogecoin is not far behind, posting impressive gains of over 6% in the last 24 hours. At the time of writing, DOGE is priced at $0.4026, a slight dip from its intraday high of $0.4316, but still comfortably sits above its crucial support level of $0.35. The unexpected rally in the Dogecoin began on November 5, on the day of the U.S. presidential election. At that time, DOGE was trading at $0.1582. A surge of market optimism, fueled by Donald Trump’s victory, sent shockwaves through the crypto market. Since then, Dogecoin has jumped over 175%, peaking at $0.4359 on November 12, breaking a 3.5 years consolidation phase . The price surge has been nothing short of spectacular, with Dogecoin surging over 432% this year alone and seeing a year-to-date increase of 347%. This growth is driven by a blend of factors, including the continued backing of high-profile supporters like Elon Musk, who remains a vocal champion of the coin. Miners’ Sell-Off Signals Pullback for Dogecoin In addition to price movements, bullish trading activity among miners has played a significant role in Dogecoin’s recent breakout. However, recent activity suggests the market may be cooling off, as miners have started selling after the euphoria peaked. Dogecoin miners increased their reserves by 400 million DOGE between October 25 and November 9, reaching a 7-month high of 6.04 billion DOGE. However, as the market continued to peak this week, miners began a major sell-off. As of November 12, their holdings dropped to 5.42 billion DOGE, reflecting a selloff of 620 million DOGE, worth around $240 million, in just three days. This large sell-off after a period of accumulation suggests a cautious outlook for Dogecoin. Technical indicators on the DOGE/USD daily chart also show signs of caution. The RSI at 72 shows that Elon Musk’s favorite crypto is in overbought territory, signaling that a correction or pullback may be imminent. Dogecoin (DOGE) Price Chart (Source: TradingView ) Meanwhile, the CMF at 0.22 shows moderate buying pressure, indicating that while bulls remain in control, momentum may be weakening. However, with strong support levels and ongoing bullish sentiment, analysts remain hopeful that the memecoin could push past the $0.50 resistance—the more crucial level that has not been crossed for more than 3 years. Climbing higher to this level could lead to a breakout above $0.70, potentially reaching new all-time highs. Highlighted Crypto News Today Pepe Rallies 75% Hitting New ATH As AltSeason Takes Charge
FBI Storms Polymarket CEO’s Home After Election Predictions Come True
Polymarket’s CEO Shayne Coplan was investigated by the FBI at his home on Wednesday. The betting market accurately predicted Trump’s win over Harris in the US elections. The crypto market is getting accustomed to being mind-blown every few days as Bitcoin continues on its upward rally. In the last few hours, the cryptocurrency has rallied to a new ATH of $93,434. Meanwhile, amid positive incidents within the sector, Polymarket’s CEO, Shayne Coplan, faced regulatory scrutiny. The betting market’s CEO woke up on Wednesday morning to see the US FBI storm his Manhattan apartment and seize his mobile phone. This instance has caused quite an uproar at the global level as the basis for the search was not sighted then. Moreover, the FBI raid occurred just a week after Polymarket’s accurate predictions of the US election results. On the other hand, the CEO, Shayne Coplan, took to his X account to state that the current government has made a ‘last-ditch effort’ to go after companies that they believe are associated with political opponents. It’s discouraging that the current administration would seek a last-ditch effort to go after companies they deem to be associated with political opponents. We are deeply committed to being non-partisan, and today is no different, but the incumbents should do some self-reflecting… — Shayne Coplan 🦅 (@shayne_coplan) November 13, 2024 A New York Times source stated that the incident was an ‘obvious political retribution by the outgoing administration’. Several other community members have expressed concerns about the arrest. It has also led to speculations that the Polymarket CEO’s home raid was an aftermath of the election results as the betting market predictions have come true. What was Polymarket’s Role in the US Elections? Previously, during the election campaign season, Polymarket played host to several political-related bets. The betting market also acted as a form of exit poll and a survey of citizens’ attitudes toward presidential candidates. During the Trump Vs. Biden campaign, the betting market clearly leaned towards the odds of Trump winning the elections. However, on Harris’s entrance, the polls showed Trump and Harris going neck-to-neck on election wins. In the coming days, these polls changed to the aforementioned predictions. Moreover, Coplan also stated that Polymarket provided value to millions of people during this season. Several members made significant profits from the betting market on Trump’s win as per reports.
Pepe Rallies 75% Hitting New ATH As AltSeason Takes Charge
Memecoin PEPE’s price has rallied by a significant 75% in the last 24 hours. The cryptocurrency hit a new all-time high in the last few hours ago. The cryptocurrency sector is $2 billion away from hitting the $3 trillion market cap milestone. Several factors have contributed to this bullish trend, primarily Bitcoin’s upward rally. The USA’s regulatory reforms are also another important contributing factor to the current bull run. Additionally, the beginning of the Altseason has propelled prices further upward. In light of the AltSeason, the memecoin sector has rallied with price breakouts in the past few days. Leading memecoins such as Dogecoin and Shiba Inu have recorded significant upward movements. Notably, frog-themed memecoin, PEPE has factored in 75.86% in a matter of a day. The memecoin 24 hours ago, traded at the $0.00001272 level after which it broke the $0.00002 resistance. The cryptocurrency rallied to a new ATH at $0.00002524 roughly 5 hours ago, surpassing its previous high of $0.00001718. At the time of writing, PEPE was trading at $0.00002256 as per CMC data . Moreover, PEPE has seen increased whale activity over the past week. According to Lookonchain reports , one particular whale with the address – “0x2da” sold 500 billion PEPE with a profit exceeding $45 million 4 hours ago. Previously, other whales have shown buying activity which is also indicated by the RSI standing at an overbought 88.77. How was PEPE’s Weekly Price Action? Zooming out, from its daily price chart, PEPE shows a 118.20% increase in the last 7 days. The memecoin has rallied from a low of $0.00001034 to current trading levels. Additionally, PEPE’s technical indicators suggest that the cryptocurrency is on an upward trend. PEPE/USDT Daily Price Chart (Source: TradingView ) Its Chaikin Money Flow (CMF) value stands at 0.37 highlighting the incoming money flow and subsequently indicating the bullish trend. However, PEPE price has also exhibited increased volatility as prices have been fluctuating highly. The token’s RVI stands at 92.49 as per TradingView data. Meanwhile, other altcoins such as Ethereum have also broken previous resistance levels influenced by Bitcoin’s upward rally. Highlighted Crypto News Today: Is Bitcoin Set for a Pullback After Reaching All-Time High at $93K?
Bitcoin Price Reaches A New ATH: Last One For Today?
Bitcoin price hit an unprecedented all-time high (ATH) of over $93000 less than an hour ago, showcasing its robust upward momentum. With a year-to-date gain of 117.22%, the digital asset continues to captivate investors. As of now, Bitcoin price is hovering around $92,700, marking a daily increase of 4.23%, a weekly surge of 32.42%, and a monthly climb of 46.14%. Its market capitalization has soared to $1.82 trillion, with a 24-hour trading volume exceeding $108 billion. This article delves into today's Bitcoin price surge, the potential market corrections , and its growing influence as a global financial asset. 1- Factors Behind Bitcoin Price Surge Bitcoin’s latest rally stems from a combination of technical, macroeconomic, and geopolitical factors. The re-election of President Trump has fostered optimism, especially with his pro-crypto stance and plans to create a favorable regulatory environment . Additionally, Trump’s commitment to building a strategic Bitcoin stockpile and positioning the U.S. as a global crypto hub has fueled market enthusiasm. Federal Reserve Monetary Policy: Rate Cuts Boost Crypto Adoption Another contributing factor is the Federal Reserve’s monetary policy. Recent rate cuts have driven investors toward risk-on assets like Bitcoin, boosting demand. This bullish sentiment is further reinforced by strong on-chain metrics and whale activity. In the past week alone, whales have transacted over $100 million worth of Bitcoin in 144 instances, signaling significant accumulation. Bitcoin Technical Analysis: Golden Cross Sparks FOMO On the daily chart, Bitcoin’s breakout above the 100-day and 200-day moving averages has solidified its bullish trajectory. The recent formation of a Golden Cross—where the 100-day moving average crosses above the 200-day moving average—has sparked fear of missing out (FOMO) among investors. Despite the rally, experts caution that a corrective retracement may occur. Fibonacci retracement levels between $74K and $70K are seen as critical support zones for profit-taking and re-entry opportunities. Meanwhile, short-term consolidation near $90K is expected as Bitcoin tests the upper boundary of its bullish price channel. 2- Whale Activity and Market Sentiment Whale Transactions Recent data from Arkham’s on-chain analytics reveals intensified whale activity. Notable transactions include: $92 million worth of Bitcoin purchased on November 7th. Over $145 million accumulated by four whales on November 8th. Significant transfers from Mt. Gox wallets, including two transactions totaling over $4 billion. These movements indicate heightened interest from institutional investors, further supporting Bitcoin’s price rally. Miners Position and Selling Pressure On-chain analysis shows that miners—key holders of Bitcoin supply—have increased selling activity. The Miners Position Index (MPI) has surged past the critical level of 2, signaling intensified selling pressure. While this could lead to short-term corrections, the market’s strong buy-side support continues to absorb the selling pressure, maintaining the bullish trend. 3- As Bitcoin Price Reaches A New ATH Today, What's NEXT? Will Bitcoin Hit $100K? As Bitcoin approaches the $100K milestone , bullish options bets on platforms like Deribit suggest strong market confidence. However, analysts warn that much of the good news is already priced in. A potential market breather or minor correction could pave the way for more sustainable growth. Risks and Considerations While Bitcoin’s fundamentals remain strong , external factors such as regulatory uncertainties and macroeconomic shifts could influence its trajectory. Investors are advised to approach with caution, avoiding impulsive decisions driven by FOMO. Bitcoin’s historic ATH marks a significant milestone, fueled by favorable macroeconomic conditions, technical indicators, and whale activity. As the crypto market evolves, Bitcoin’s dominance and influence continue to grow. While the path to $100K seems plausible, potential corrections could provide strategic entry points for investors .
Glassnode: The strength of Bitcoin's profit-taking is lower than its historical high, indicating there is still room for growth
On November 13, Glassnode stated in its recent market report: "Despite a large degree of profit-taking, it is still below the historical high. This indicates that there is room for further increase before reaching potential demand exhaustion." Glassnode explained that since Bitcoin broke through $73,679 on November 5th, the "realized profits" have been about $1.56 billion per day on average, almost half of the previous historical high of $3 billion in March. The report added: "Since entering the latest ATH discovery phase, we have observed realized profits of $20.4 billion."
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