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Trump Cabinet Brings Major News! Musk Launches Congressional Leader 'Survey' Key Bitcoin Legislation Will Face Major Shock
Crypto media reports reveal that Trump will appoint new cabinet members who support cryptocurrency. U.S. media pointed out that billionaire Elon Musk is involved in influencing the structure of Trump's new government members, as he launched a major investigation into the Senate Majority Leader on Twitter, showing that Rick Scott is the most favored candidate supporting the crypto industry. Standard Chartered anticipates that the new government will overturn the SAB 121 crypto accounting law.
Crypto Circle: Trump’s 'New Cabinet' Will Support Cryptocurrency
Watcher.Guru wrote: 'President-elect Trump will appoint cabinet members who support cryptocurrency to fulfill his promise of making the U.S. the 'Crypto Capital of the Earth.'
Crypto Circle: Trump’s 'New Cabinet' Will Support Cryptocurrency
Watcher.Guru wrote: 'President-elect Trump will appoint cabinet members who support cryptocurrency to fulfill his promise of making the U.S. the 'Crypto Capital of the Earth.'
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Bitcoin surges 10% to break $89,000 new high! MicroStrategy increases its holdings by 27,000 BTC, stock price skyrockets
Bitcoin's upward momentum shows no signs of stopping, after continuously reaching historical highs in recent days, it peaked around 7 AM today at $89,575, setting a new high again. Although it briefly fell below $87,000, it quickly recovered, currently reported at $89,340, a surge of 10.76% in the last 24 hours.
Ethereum also reached $3,388 around the same time, but the funds seem to have been absorbed by BTC, resulting in a reduced increase. At the time of writing, it is reported at $3,320, an increase of 3.45% in the last 24 hours.
MicroStrategy increases its holdings
Just last night, Michael Saylor, the founder of MicroStrategy, the leader in Bitcoin holdings among publicly traded companies in the U.S., posted on social media platform X that MicroStrategy purchased 27,200 Bitcoins for approximately $2.03 billion from October 31 to November 10, at an average price of $74,463.
Ethereum also reached $3,388 around the same time, but the funds seem to have been absorbed by BTC, resulting in a reduced increase. At the time of writing, it is reported at $3,320, an increase of 3.45% in the last 24 hours.
MicroStrategy increases its holdings
Just last night, Michael Saylor, the founder of MicroStrategy, the leader in Bitcoin holdings among publicly traded companies in the U.S., posted on social media platform X that MicroStrategy purchased 27,200 Bitcoins for approximately $2.03 billion from October 31 to November 10, at an average price of $74,463.
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Bitcoin Continues to Reach New Highs, Stablecoin Demand Surges, Tether Issues 4 Billion USDT in Three Days
On-chain data shows that as of yesterday (the 10th), Tether has issued a total of 4 billion USDT on Ethereum over the past three days, coinciding with Bitcoin reaching a new high. BNB1357
According to Spot On Chain monitoring, Tether issued 4 billion USDT on Ethereum in just three days, with approximately 3.44 billion USDT transferred to major exchanges, including 1.75 billion flowing into Binance and 770.8 million into Coinbase.
Regarding related developments, Tether also minted an additional 1 billion USDT on the Ethereum chain yesterday, classified as 'authorized but not yet issued' transactions. This means these tokens will serve as inventory for future issuance requests and on-chain swaps.
According to Spot On Chain monitoring, Tether issued 4 billion USDT on Ethereum in just three days, with approximately 3.44 billion USDT transferred to major exchanges, including 1.75 billion flowing into Binance and 770.8 million into Coinbase.
Regarding related developments, Tether also minted an additional 1 billion USDT on the Ethereum chain yesterday, classified as 'authorized but not yet issued' transactions. This means these tokens will serve as inventory for future issuance requests and on-chain swaps.
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Options betting on 'Bitcoin hitting the $90,000 mark,' with open contracts exceeding $2.8 billion
Bitcoin broke through $81,000 and reached a new high, while the futures premium also soared, indicating investors believe Bitcoin can continue to rise, reflecting the expectation that candidates supporting cryptocurrency will be in power after the U.S. presidential and congressional elections.
Bitcoin broke through $81,000 and reached a new high, while the futures premium also soared, indicating investors believe Bitcoin can continue to rise, reflecting the expectation that candidates supporting cryptocurrency will be in power after the U.S. presidential and congressional elections.
At the popular cryptocurrency derivatives exchange Deribit, the size of open contracts betting on Bitcoin prices breaking $90,000 exceeds $2.8 billion. K33 Research's head of research, Vetle Lunde, stated:
Bitcoin broke through $81,000 and reached a new high, while the futures premium also soared, indicating investors believe Bitcoin can continue to rise, reflecting the expectation that candidates supporting cryptocurrency will be in power after the U.S. presidential and congressional elections.
At the popular cryptocurrency derivatives exchange Deribit, the size of open contracts betting on Bitcoin prices breaking $90,000 exceeds $2.8 billion. K33 Research's head of research, Vetle Lunde, stated:
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Breaking National-Level Signal! Trump's Strategic Advisor: A 'Big Event' is About to Happen as Bitcoin Surges Past 81,800 to Set New Highs
On Monday (November 11), Bitcoin surged to $81,846, once again setting a new historical peak. Forbes reported that a strategic advisor under Donald Trump revealed that at least one nation-state has been actively purchasing Bitcoin, suggesting that a 'big event' is about to happen globally.
David Bailey, CEO of Bitcoin Inc, the publisher of Bitcoin Magazine, and Bitcoin strategy advisor to Trump's campaign, posted that at least one nation-state is actively buying Bitcoin and has now become one of the top 5 holders of Bitcoin.
Dennis Porter, founder of the Satoshi Action Fund which helped Pennsylvania pass Bitcoin and cryptocurrency legislation, posted: 'I won't lie... I am more optimistic today than ever before, a big event is about to happen.'
David Bailey, CEO of Bitcoin Inc, the publisher of Bitcoin Magazine, and Bitcoin strategy advisor to Trump's campaign, posted that at least one nation-state is actively buying Bitcoin and has now become one of the top 5 holders of Bitcoin.
Dennis Porter, founder of the Satoshi Action Fund which helped Pennsylvania pass Bitcoin and cryptocurrency legislation, posted: 'I won't lie... I am more optimistic today than ever before, a big event is about to happen.'
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Shiba Inu's burn rate skyrocketed by 1000% as nearly 500 million SHIB were burned; will it rebound by 300% next?
On a highly bullish Monday market, the burn rate of Shiba Inu saw a significant surge again, fueling the market's optimism about the meme token's price increase. According to recent data, as nearly 500 million SHIB were burned, the burn rate of the meme token surged by approximately 1000%. This record indicates that investors are optimistic about the future prospects of Ethereum-based meme tokens, with expectations of a possible 300% increase in the future.
Shiba Inu's burn rate skyrocketed by 1000%, with 500 million coins burned.
According to data from the official burn tracking entity Shibburn on November 11, Shiba Inu's burn rate surged by 1028.67% during the day. This spike is primarily due to the burning of 463.45 million tokens. Due to this significant burn impacting supply, the current market supply of SHIB has decreased to 589.26 trillion tokens as of the report.
Shiba Inu's burn rate skyrocketed by 1000%, with 500 million coins burned.
According to data from the official burn tracking entity Shibburn on November 11, Shiba Inu's burn rate surged by 1028.67% during the day. This spike is primarily due to the burning of 463.45 million tokens. Due to this significant burn impacting supply, the current market supply of SHIB has decreased to 589.26 trillion tokens as of the report.
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Dogecoin becomes the 6th largest cryptocurrency! 'Target 1U', will DOGE replicate its gains from 2021?
Since Trump's victory, the cryptocurrency market has been rising for several days, with Bitcoin breaking $81,000 repeatedly hitting new highs, and among the top 30 cryptocurrencies by market capitalization, the most eye-catching rise has been from the original meme coin, Dogecoin ($DOGE).
Dogecoin overtakes USDC to become the 6th largest cryptocurrency.
CoinGecko data shows that Dogecoin surged from under $0.23 yesterday to about $0.3 today, reaching a new high since early November 2021. In the past 24 hours, Dogecoin has skyrocketed by 27.1%, with its market capitalization surpassing $4.239 billion, exceeding USDC's market capitalization of $3.69 billion, becoming the 6th largest cryptocurrency.
Dogecoin overtakes USDC to become the 6th largest cryptocurrency.
CoinGecko data shows that Dogecoin surged from under $0.23 yesterday to about $0.3 today, reaching a new high since early November 2021. In the past 24 hours, Dogecoin has skyrocketed by 27.1%, with its market capitalization surpassing $4.239 billion, exceeding USDC's market capitalization of $3.69 billion, becoming the 6th largest cryptocurrency.
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Bitcoin is on fire, breaking through $81,000! Standard Chartered: 'The $100,000 barrier is within reach.'
Not only is Bitcoin rising strongly, but this wave of market activity has also benefitted other cryptocurrencies. Geoff Kendrick further mentioned that he believes Solana (SOL) is likely to break its all-time high before the end of the year, with a high probability of outperforming Bitcoin.
Amid a frenzy of capital, Bitcoin is surging fiercely and frequently setting new highs. Today (11th), it briefly broke through $81,600, setting a new record price. Analysts at Standard Chartered expect that this wave of Bitcoin's momentum is far from over, with the potential to continue its ascent and easily break the '100,000' barrier by the end of the year, possibly reaching as high as $125,000.
Amid a frenzy of capital, Bitcoin is surging fiercely and frequently setting new highs. Today (11th), it briefly broke through $81,600, setting a new record price. Analysts at Standard Chartered expect that this wave of Bitcoin's momentum is far from over, with the potential to continue its ascent and easily break the '100,000' barrier by the end of the year, possibly reaching as high as $125,000.
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You should know that $DOGE $neiro $MOODENG are all the same.
It's just that they all go up when everyone buys.
Look at any trader, it seems like they are all going for these three 😂
Basically, there is no difference between the three.
A group friend mentioned $GOAT, which belongs to the buff-enhanced AI narrative.
It's just that they all go up when everyone buys.
Look at any trader, it seems like they are all going for these three 😂
Basically, there is no difference between the three.
A group friend mentioned $GOAT, which belongs to the buff-enhanced AI narrative.
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Bitcoin reverses and breaks through $81,500 to set a new high, Ethereum approaches $3,500; 'double kill' sees over 210,000 liquidations.
Bitcoin has seen continuous significant gains in recent days, although it briefly dipped to $78,500 at midnight today, it quickly surged again, reaching $81,568, setting a new historical high.
At the time of writing, Bitcoin has slightly retraced, currently priced at $80,571, with a 24-hour increase of 4.68%.
Ethereum also experienced a rapid drop after reaching a high of $3,248 a few hours ago, before recovering again, currently reported at $3,196, with a 24-hour increase of 2.68%.
In the past 24 hours, the total liquidation amount reached $680 million.
Amidst the violent fluctuations of Bitcoin, according to Coinglass data, the total liquidation amount in the cryptocurrency market reached $681 million in the past 24 hours, with long positions liquidated at $312 million and short positions at $369 million, affecting over 210,000 people, resulting in a double kill for both bulls and bears.
At the time of writing, Bitcoin has slightly retraced, currently priced at $80,571, with a 24-hour increase of 4.68%.
Ethereum also experienced a rapid drop after reaching a high of $3,248 a few hours ago, before recovering again, currently reported at $3,196, with a 24-hour increase of 2.68%.
In the past 24 hours, the total liquidation amount reached $680 million.
Amidst the violent fluctuations of Bitcoin, according to Coinglass data, the total liquidation amount in the cryptocurrency market reached $681 million in the past 24 hours, with long positions liquidated at $312 million and short positions at $369 million, affecting over 210,000 people, resulting in a double kill for both bulls and bears.
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Demand for Spot Ethereum ETF Rises Again; Can ETH Reach $4000 Soon?
The inflow of the spot Ethereum ETF has significantly increased, reaching $155 million this week, with ETH price rising 18% and breaking through $3000.
The inflow of the Ethereum spot ETF has accelerated again, especially after Donald Trump's victory and the Federal Reserve's announcement of a 25 basis point interest rate cut this week. Over the past three consecutive days, the Ethereum ETF recorded net inflows, with total outflows decreasing from a peak of $550 million a few weeks ago to $324 million.
Ethereum Spot ETF Once Again Gaining Favor
As Bitcoin reached a record high of over $77,000, Ethereum (ETH), the largest altcoin, also gained strong attraction. Consequently, the inflow of the spot Ethereum ETF rose slightly again, reaching a weekly high of $85.9 million on Friday, November 8. Thus, following Trump’s victory, the weekly inflow surged to $155 million.
The inflow of the Ethereum spot ETF has accelerated again, especially after Donald Trump's victory and the Federal Reserve's announcement of a 25 basis point interest rate cut this week. Over the past three consecutive days, the Ethereum ETF recorded net inflows, with total outflows decreasing from a peak of $550 million a few weeks ago to $324 million.
Ethereum Spot ETF Once Again Gaining Favor
As Bitcoin reached a record high of over $77,000, Ethereum (ETH), the largest altcoin, also gained strong attraction. Consequently, the inflow of the spot Ethereum ETF rose slightly again, reaching a weekly high of $85.9 million on Friday, November 8. Thus, following Trump’s victory, the weekly inflow surged to $155 million.
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The last time Trump was in power, Bitcoin soared more than 1,900%. How high can it go this time?
Trump’s victory, announced on November 6, has already spurred Bitcoin to a new high of around $76,400, with top analysts such as TYMIO Yield founder Georgii Verbitskii predicting that Bitcoin could surpass $100,000 in the coming months.
During Trump’s first term as U.S. president, which ran from November 2016 to November 2020, Bitcoin surged more than 1,900%. This was despite his critical stance on cryptocurrencies at the time, which included a post blasting Bitcoin as “highly volatile” and “without basis for value.”
During Trump’s first term as U.S. president, which ran from November 2016 to November 2020, Bitcoin surged more than 1,900%. This was despite his critical stance on cryptocurrencies at the time, which included a post blasting Bitcoin as “highly volatile” and “without basis for value.”
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Bitcoin breaks $77,000 to set a new record, Ethereum approaches $3,000! The Trump effect continues, and the three major US stock indices also break historical records.
The Trump effect continues to ferment, Bitcoin fluctuated between $75,600 and $76,500 yesterday (8), but after 1 AM today it started to rise steadily, breaking through $77,000 by 3:30 AM, reaching a high of $77,200. Since Trump's victory, Bitcoin has set a historical high for four consecutive days.
Before publication, it slightly retreated to $76,383, with the increase in the last 24 hours narrowing to 0.31%.
Ethereum's rise was even more aggressive, climbing to $2,995 around 9 AM today, setting a new high for over three months. Before publication, it reported $2,984.55, up nearly 2% in the last 24 hours.
Before publication, it slightly retreated to $76,383, with the increase in the last 24 hours narrowing to 0.31%.
Ethereum's rise was even more aggressive, climbing to $2,995 around 9 AM today, setting a new high for over three months. Before publication, it reported $2,984.55, up nearly 2% in the last 24 hours.
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Signals from the Chinese cryptocurrency community! Bao Er Ye: China's USDT trading far exceeds that of the US, Trump is preparing to 'drive up' Bitcoin.
After Donald Trump announced his victory, Chinese blockchain lawyers Guoke and Uncle Silicon Valley went to the US for an exclusive interview with the veteran player in the Chinese cryptocurrency community, Bao Er Ye (Chandler Guo). Bao Er Ye stated that the Chinese market uses the USDT stablecoin to trade cryptocurrencies far more than the US, claiming that China is the largest mining base in the world. He predicted a bullish market for cryptocurrencies, believing that Trump is preparing to 'drive up' the price of Bitcoin.
Bao Er Ye said: 'I believe that after just two more halvings, Bitcoin will reach one million dollars each. I think the next halving will reach 500,000 dollars; how is this half million dollar calculated?'
Bao Er Ye said: 'I believe that after just two more halvings, Bitcoin will reach one million dollars each. I think the next halving will reach 500,000 dollars; how is this half million dollar calculated?'
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SEC Chair Under Investigation! Bitcoin Soars to $76,800, Breaking New High as Trump Approaches Election 'Three-Peat'
On Friday (November 8), Bitcoin surged again, breaking through $76,000, reaching an all-time high of $76,836. The news of Gensler being investigated by senior Republican lawmakers after Trump's election victory spread rapidly across the community. The Republicans have gained control of the Senate, leading the Senate election with 210 votes, and Trump is approaching a third consecutive victory.
As of Friday in the Asian market, the U.S. House of Representatives elections remain undecided, but the Republicans lead the Democrats with 210 votes to 198, needing 218 to gain a majority. However, Trump has secured victory in the presidential election, and the Republicans have announced control of the Senate majority.
As of Friday in the Asian market, the U.S. House of Representatives elections remain undecided, but the Republicans lead the Democrats with 210 votes to 198, needing 218 to gain a majority. However, Trump has secured victory in the presidential election, and the Republicans have announced control of the Senate majority.
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The US Fed announced a rate cut of 25 basis points early this morning, marking the second consecutive rate cut since September, lowering the benchmark interest rate to 4.5% to 4.75%, as expected. This allowed the US stock market and Bitcoin to maintain their upward momentum. Notably, this decision was agreed upon by all officials, indicating that the Fed indeed believes it is necessary to cut rates to avoid potential economic recession, pointing out that the unemployment rate in the labor market has risen but remains low.
According to the statement, the Fed believes recent economic indicators show that economic activity continues to expand steadily. Labor market conditions have eased, with a slight rise in the unemployment rate but still at a low level. Meanwhile, the inflation rate is gradually moving towards the 2% year-on-year target but is still slightly above the ideal level. In response, the Fed stated it will strive to achieve full employment and a long-term inflation target of 2% to ensure a soft landing.
The Fed believes that economic risks have remained balanced over the past year. Given the uncertainty in the economic outlook, the Fed decided to lower the target range for the federal funds rate by 25 basis points. Whether further adjustments will be made in the future will depend on the latest economic data, changes in outlook, and risk balance. The committee will also continue to reduce its holdings of US Treasuries, agency bonds, and mortgage-backed securities (MBS). After the US rate cut, Bitcoin continued to rise, with prices momentarily exceeding $76,000.
According to the statement, the Fed believes recent economic indicators show that economic activity continues to expand steadily. Labor market conditions have eased, with a slight rise in the unemployment rate but still at a low level. Meanwhile, the inflation rate is gradually moving towards the 2% year-on-year target but is still slightly above the ideal level. In response, the Fed stated it will strive to achieve full employment and a long-term inflation target of 2% to ensure a soft landing.
The Fed believes that economic risks have remained balanced over the past year. Given the uncertainty in the economic outlook, the Fed decided to lower the target range for the federal funds rate by 25 basis points. Whether further adjustments will be made in the future will depend on the latest economic data, changes in outlook, and risk balance. The committee will also continue to reduce its holdings of US Treasuries, agency bonds, and mortgage-backed securities (MBS). After the US rate cut, Bitcoin continued to rise, with prices momentarily exceeding $76,000.
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Can Trump's 'DOGE Government Efficiency Committee' really change the inefficient operation of the U.S. government and save costs?
The U.S. presidential election has rapidly concluded after Republican candidate Trump secured over 270 electoral votes yesterday. Along with Trump's victory, good news also came from the U.S. Senate for the Republicans, as not only did current senators successfully win re-election, but they also defeated the Democrats, occupying the majority of Senate seats for the first time in four years, ensuring that the Trump administration will at least control one chamber of Congress next year.
Trump says he will establish a Government Efficiency Committee
It is worth noting that in September this year, Trump announced during a speech at the New York Economic Club that if elected, he would establish a Government Efficiency Committee, to be led by Tesla founder Musk.
Trump says he will establish a Government Efficiency Committee
It is worth noting that in September this year, Trump announced during a speech at the New York Economic Club that if elected, he would establish a Government Efficiency Committee, to be led by Tesla founder Musk.
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One chart proves the astonishing trend of 'Trump trades': a $200 billion surge in the crypto market overnight!
According to the latest statistics from Watcher.Guru, following Trump's victory in the 2024 presidential election, the cryptocurrency market saw over $200 billion in new funds on Wednesday, November 7. Noted financial market writer Yashu Gola anticipates that Trump's three key policies will drive Bitcoin's price to surpass $100,000 in 2025.
After Trump defeated Democratic opponent Kamala Harris in the U.S. presidential election, Bitcoin reached a new high of approximately $76,400.
The booming development of cryptocurrency is attributed to Trump's remarks, in which he vowed to make the United States the world capital of cryptocurrency. He promised to implement crypto-friendly policies, which are in stark contrast to the current Biden administration's tough stance on the crypto industry.
After Trump defeated Democratic opponent Kamala Harris in the U.S. presidential election, Bitcoin reached a new high of approximately $76,400.
The booming development of cryptocurrency is attributed to Trump's remarks, in which he vowed to make the United States the world capital of cryptocurrency. He promised to implement crypto-friendly policies, which are in stark contrast to the current Biden administration's tough stance on the crypto industry.
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Trump's Might: Bitcoin Spot ETF Daily Trading Volume Breaks New High of 6 Billion USD, Cryptocurrency Market Value Surges by 200 Billion USD
Bitcoin is boosted by U.S. Republican presidential candidate Trump’s victory, hitting a historic high, driving the overall cryptocurrency market up. According to Coinmarketcap data, the total market capitalization of cryptocurrencies currently reaches 2.54 trillion USD, with a single-day surge of over 200 billion USD.
At the same time, the net inflow of Bitcoin spot ETFs also performed strongly. Bloomberg senior ETF analyst Eric Balchunas pointed out that BlackRock's Bitcoin spot ETF IBIT achieved a trading volume of 1 billion USD within 20 minutes of opening on Wednesday, with a final single-day trading volume reaching 4.1 billion USD, setting a new high, surpassing the single-day trading volume of stocks such as Berkshire, Netflix, and Visa.
At the same time, the net inflow of Bitcoin spot ETFs also performed strongly. Bloomberg senior ETF analyst Eric Balchunas pointed out that BlackRock's Bitcoin spot ETF IBIT achieved a trading volume of 1 billion USD within 20 minutes of opening on Wednesday, with a final single-day trading volume reaching 4.1 billion USD, setting a new high, surpassing the single-day trading volume of stocks such as Berkshire, Netflix, and Visa.
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Ethereum surges 13% to surpass $2800 'but whales are offloading wildly', has ETH reached a short-term peak?
Following the election of crypto-friendly Trump and the elimination of uncertainty in the presidential election, cryptocurrencies entered a celebratory market, with Ethereum rising above Bitcoin for the first time in a while. According to Binance spot market data, Ethereum was only at $2,600 when Bitcoin broke through $75,000 yesterday (6); and when Bitcoin hit an all-time high of $76,400 around 4 AM, Ethereum was only close to $2,700.
However, while Bitcoin's subsequent rise paused, Ethereum continued to surge, reaching a high of $2837.2 around 9:30 AM today, now reported at $2817.33, up over 13.18% in the last 24 hours.
However, while Bitcoin's subsequent rise paused, Ethereum continued to surge, reaching a high of $2837.2 around 9:30 AM today, now reported at $2817.33, up over 13.18% in the last 24 hours.
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