DOGE and SHIB surged by double digits, BTC set a new high close to $82,000
Bitcoin price continues to perform strongly, breaking through $80,000 and $81,000 earlier today, reaching a new high close to $82,000. In the past 24 hours, although some altcoin prices have receded, altcoins such as DOGE, SHIB, CRO, WIF, NEAR, and TAO continue to rise at a double-digit rate. Latest peak for BTC Today, it has almost become the norm to talk about Bitcoin hitting an all-time high. Since Donald Trump won the 24th U.S. presidential election by a landslide last week, Bitcoin has surpassed the March high of $73,737 and quickly risen above $75,000.
【Trending Search Rankings: X Popularity Rising, 24H Increase 48.88%】
The popularity ranking shows that X's attention has increased by 1.76 million compared to yesterday, ranking first. The popularity ranking is as follows:
① X($0.0004310, 48.88%) ② TRB($81.95, 1.89%) ③ DOGE($0.2762, 17.08%) ④ SUI($3.15, 1.29%) ⑤ ADA($0.5782, -1.36%)
X's main funding selling pressure is strong, with a net outflow of $5.7079 million in 24 hours and a trading volume of $637 million, among which the main net inflow is $382,300.
- **Market Cap**: $226 million - **24-Hour Trading Volume**: $84.59 million
UMA, as a rising star in the oracle field, has shown impressive performance recently. In the overall upward trend of the market, established DeFi projects still dominate among altcoins, and UMA is one of the most promising among them. Many institutions have already entered the market, so the future growth potential of this project is worth looking forward to.
If you are interested in UMA, it is recommended to buy in batches around the current price of 2.6, especially for investors who are optimistic about its future performance; this is an opportunity worth seizing.
With the support of its VET token, VeChain has become a pioneer in real-world applications for enterprises. Recently, the value of VET has significantly increased, making it one of the key assets in the RWA (Real World Assets) sector.
Through collaboration with VeBetter, VeChain is exploring new paths to a sustainable economy. With the VeBetter platform, sustainable actions are tokenized, allowing everyday environmental contributions to be quantified and given real value.
VET has risen by 30.3% in the past week, showing strong performance.
#SHIB Destruction speed skyrockets, will the price really take off?
Today let's talk about the recent hot trends of Shiba Inu. Recently, the destruction speed of SHIB has been astonishing, soaring by 1000%! In a short period of time, nearly 500 million SHIB have been destroyed! Once this news broke, the market became lively, and everyone is full of confidence in SHIB's future. An increase in the amount destroyed means a reduction in the circulating tokens, and this supply contraction naturally has a positive impact on the price.
Moreover, there are several positive news items boosting SHIB's popularity. Trump's victory in the U.S. election has invigorated the cryptocurrency market, and investors' interest in crypto assets has clearly rebounded. At the same time, Robinhood Crypto EU also announced support for Shiba Inu's transfer function, adding more fuel to SHIB's market heat.
Industry insiders predict that SHIB's price is expected to rise by 300%. If this really happens, it will bring substantial returns to SHIB holders! Current data shows that SHIB's price has increased by nearly 9% in one day, and trading volume has also surged by 245%! Such strong performance truly makes one look forward to SHIB's prospects. Perhaps this is a rare opportunity worth paying attention to! #SHIBUSDT
BounceBit: Leading the New Trend of CeDeFi, Unlocking the Ultimate Tool for High Returns in the BTC Bull Market!
With the continuous development of blockchain technology and digital currency, the CeDeFi (combination of centralized and decentralized finance) model has emerged, becoming a bridge connecting traditional finance and DeFi (decentralized finance). BounceBit is a leader in this track, providing investors with new yield opportunities and diversified financial services during the Bitcoin bull market through innovative CeDeFi technology and rich application scenarios. This article will deeply analyze how BounceBit leverages CeDeFi transformation to assist in asset appreciation during the BTC bull market. What is BounceBit?
Wondering what’s happening in crypto today? Here’s a quick update on the latest trends and events impacting \u003ct-46/\u003e prices, \u003ct-48/\u003e, \u003ct-50/\u003e, \u003ct-52/\u003e, #Web3 and crypto regulation. In crypto today, CryptoQuant’s Ki Young Ju thinks Bitcoin could still hit $59K by end of 2024 despite new highs; Elon Musk voices support for ending the Federal Reserve; Edward Snowden criticizes \u003ct-11/\u003e’s VC funding. Bitcoin futures are ‘overheated,’ price could hit $58K by year-end — CryptoQuant
Bitcoin Ecosystem (including inscriptions, runes, STX) Reason: The strong rise of Bitcoin will drive the prices of projects related to the Bitcoin ecosystem upward, and these projects are expected to achieve significant gains during the Bitcoin bull market.
Solana Ecosystem (focusing on #jto , JUP, RAY) Reason: The Solana ecosystem is performing strongly, with a flourishing project landscape, demonstrating high investment value. Holding Solana ecosystem-related projects for the long term has considerable potential.
Meme Sector (such as Neiro, Goat, Hippo, #pepe⚡ , etc.) Reason: Meme topics will run throughout the entire bull market; although market enthusiasm may rotate at times, memes will always be the focal point of the market, and investor enthusiasm remains high.
The four-hour chart shows that the current moving averages are continuously rising, with the first short-term support level around 79600.
Bullish momentum is strong, making another push for new highs; even a brief pullback quickly rebounds, indicating that the medium-term upward momentum remains solid, suitable for maintaining a bullish outlook.
- #BTC☀ : Positioning long orders on a pullback near 80300-79800, aiming for a target of 82000. - #ETH🔥🔥🔥🔥 : Positioning long orders on a pullback near 3070-3100.
#BOME🔥🔥🔥 : Currently has pulled back to 0.008, waiting for the right time to consider entering the market.
#ETH🔥🔥🔥🔥 Ecosystem: The developer conference next Tuesday is worth paying attention to, focusing on ETH and its ecosystem projects: LDO, SSV, ENA, OP, ARB. Meanwhile, the Ethereum Foundation has launched the Mekong testnet in preparation for the upcoming upgrade.
#sol板块 : Has approached previous highs, not recommended to chase high prices for now, can wait for a pullback to stabilize before entering.
#grass : Has broken through 3, if previously unable to hold, it’s better to observe for now, currently chasing high prices carries significant risk.
#doge⚡ : Moving upward with fluctuations, close to previous highs, can maintain observation and wait for better entry opportunities.
#UNI, CFX: Worth paying attention to, expected to launch soon.
On Monday, the total market capitalization of cryptocurrencies (#TOTAL ) and Bitcoin (#BTC☀ ) continued to rise, with the latter reaching an all-time high. This rise also affected altcoins, with #Cronos leading the way, increasing nearly 40% in the past 24 hours. Today's news: After the judge allowed OpenSea to file for arbitration, Anthony Shnayderman and Itai Bronshtein dismissed the securities lawsuit against OpenSea in federal court in Florida. The plaintiffs accused OpenSea of selling unregistered securities. #solana生态 (SOL) market capitalization broke $100 billion in early trading on Monday, reaching an intraday high of $101 billion. This achievement makes SOL the fourth cryptocurrency globally to reach this milestone, following Tether, which ranks third with a market cap of $123 billion.
1. Cathie Wood proposed to weaken the power of SEC and FTC, and Elon Musk expressed his appreciation; 2. ENS Labs, the company behind ENS, plans to launch its #L2 network Namechain by the end of next year; 3. MicroStrategy founder tweeted that he might continue to increase his holdings of #BTC☀ ; 4. Stacks founder expects to launch an upgraded version of sBTC in early December; 5. The hedge fund that shorted #特斯拉 has lost more than $5 billion since Trump won the election; 6. The US Republican Party is expected to win another seat in the House of Representatives, bringing the total number of seats to 214; 7. CryptoQuant CEO: Due to the "overheating" of the futures market, the price of Bitcoin may fall below $59,000 by the end of the year.
1. Fear and Greed Index: Today's index reaches 76, indicating extreme greed in market sentiment.
2. Standard Chartered Bank Outlook: Predicts SOL will hit new highs by the end of the year, with BTC target price aimed at $125,000.
3. Rise of Solana: Market capitalization surpasses 100 billion, entering the top 200 global assets.
4. Bitcoin's New Heights: Surpassed the $100,000 mark, with potential for a further 33% increase. Currently, its market cap accounts for only 10% of the gold market, and potential regulatory easing from a Trump victory and Republican control of the Senate may further expand its upward potential.
Technical Analysis:
1. Bitcoin (#BTC☀ ): Continues to rise, with the one-hour chart showing a sustained bullish trend after a pin bar washout. The four-hour chart's top divergence has been corrected, and after breaking 80,000, it briefly retraced to around 78,500 before rebounding again.
2. Ethereum (#ETH🔥🔥🔥🔥 ): Daily chart shows a trend of catching up, continuously closing in the green, while the weekly chart faces resistance at 3,240 and 3,500. After reaching a high of 3,248, it retraced to 3,069, not breaking the 3,000 mark, maintaining strong momentum. Ethereum's rally has also driven the rebound of altcoins.
Today's Volatility Range Prediction:
1. Bitcoin (BTC): Support levels at 78,800, 77,400, 76,700; Resistance levels at 81,800, 83,100.
2. Ethereum (ETH): Support levels at 3,095, 2,985, 2,890; Resistance levels at 3,260, 3,510.
Market Observation: Although the market shows stagnation and high-level fluctuations, the upward trend remains unchanged. Altcoins are rotating and catching up, with the Meme sector and public chains performing well. #doge⚡ shows a strong rebound, and Musk-related cryptocurrencies and the SUI public chain are worth watching. #meme板块关注热点
The current price is 0.4221, which is in a clear consolidation range. If it can strongly break through the current resistance zone, it may trigger a strong upward movement. The short-term target can be focused on 0.65, and there is hope for hitting a new historical high subsequently!
In the morning, Bitcoin strongly broke through 81000, with no significant pullback observed. The upward trend is expected to continue, and it may even challenge the $100,000 mark, possibly signaling the start of a genuine market rally. The current market is relatively calm, and the recent low-profile long positions have been performing well, with precise handling of news developments.
From a technical perspective, the daily MACD for Bitcoin has a golden cross pointing upwards, indicating strong bullish momentum; however, the KDJ indicator is flattening, which may suggest that the speed of the rise could slow down. Although Bitcoin surged last night, the volume did not exceed the levels seen on the 6th, and subsequent changes in volume need to be closely monitored, as they will have a key impact on the sustainability of the trend.
The four-hour chart is consistent with the daily trend, showing an overall upward movement. It is important to note that the market does not exhibit a one-sided upward trend, with Ethereum's movement also being similar to Bitcoin's.
Short-term resistance for #BTC☀ is expected around 83000, with support near 80000. Resistance for #ETH🔥🔥🔥🔥 is approximately 3300, with support around 3100.
Last week, under the dual influence of the U.S. election and the Federal Reserve's decision, gold prices experienced significant fluctuations, including a sharp drop, with a weekly amplitude of 106 USD, marking the largest fluctuation in nearly six months (since the week of May 24). It closed down 1.85%, at 2684.37 USD/ounce.
As of the end of October, the total market value of the Shanghai Stock Exchange was approximately 51 trillion yuan, ranking third in the world; the bond market's custody amount exceeded 17 trillion yuan, firmly maintaining its position as the largest bond market among global exchanges; the ETF market size surpassed 2.6 trillion yuan, leading globally. The Shanghai Stock Exchange has become an important global exchange supporting Chinese-style modernization.
-#BTC☀ : First time breaking through 80,000 USD, market sentiment is high. -#ETH🔥🔥🔥🔥 : Price drop, market has differing views on future performance. -#SOL : Continuous breakthroughs, though not reaching new highs, closely following BTC trends. -#BTC☀ Technical Analysis: After a volume increase, a short-term correction occurred; investors are advised to consider buying on dips.
Key Market Highlights This Week, Insights into Industry Trends:
- **Wednesday 21:30 (UTC+8)**: The United States will announce #CPI数据 , how to assess the impact of CPI on the market? You can refer to "Decoding the Economic Trio: Interest Rates, CPI, and Non-Farm!".
- **November 11**: Unlocking of #APT worth 110 million USD, 4 million USD IO, and 671 million USD #ADA , accounting for 1.131%, 0.263%, and 0.041% of the total supply respectively.
- **November 12**: Ethereum Devcon 7 will be held in Bangkok; unlocking of EIGEN worth 3.66 million USD, accounting for 0.108% of the total supply.
- **November 13 21:30**: The United States will release October CPI data; on the same day, unlocking of #ENA worth 6.5 million USD and AXS worth 4 million USD, accounting for 0.086% and 0.302% of the total supply respectively.
- **November 14 21:30**: The United States will announce the number of initial unemployment claims for the week.
- **November 15**: Unlocking of #strk worth 26 million USD, accounting for 0.64% of the total supply.
- **November 16**: Unlocking of #CKB worth 80.71 million USD, #ARB worth 51.19 million USD, and ADA worth 6.71 million USD, accounting for 2.437%, 0.931%, and 0.041% of the total supply respectively.
Today showed strong support, with the current support level at 0.58. If the market resumes an upward trend, the next target is expected to reach 1.64.
If momentum weakens, the 0.53 level will become a key support point, while Bitcoin's ongoing bullish trend will also provide guidance in this scenario.
ADA Rises 36% as Charles Hoskinson Pushes for Cryptocurrency Policy Reform
Cardano founder Charles Hoskinson announced plans to collaborate with the incoming Donald Trump administration to develop clear cryptocurrency regulations. Following a widespread surge in cryptocurrencies that pushed Bitcoin to an all-time high, Cardano's ADA token also saw a significant increase of 34%. Hoskinson will assist the Trump administration in formulating cryptocurrency policy. On November 9, Hoskinson shared a video on social platform X stating his intention to collaborate with the Trump administration to establish a regulatory framework for the cryptocurrency sector. Hoskinson stated, 'I will spend a significant amount of time working with legislators in Washington, D.C. to help nurture and push for cryptocurrency policy and to drive cryptocurrency policy alongside other key leaders in the industry.'
Top Three AI Tokens for the First Week of November 2024
With Donald Trump winning the 2024 U.S. election, the cryptocurrency market is experiencing a new rebound, and AI tokens are performing strongly as well. This week, various AI-focused tokens have seen significant price increases, and investor attention has surged. In this analysis, we will take an in-depth look at three AI tokens that have seen significant price increases this week. PAAL PAAL supports PAAL AI, a protocol that allows users to create personalized AI robots. Currently, PAAL's trading price is $0.33, having increased by 59% over the past week, making it a highly watched AI token and setting a new highest trading price since August.