Highlights
The cryptocurrency market has indeed been full of volatility recently, especially Bitcoin and top altcoins have been facing more pronounced volatility.
But it’s worth noting that XRP and DOGE have been performing quite strongly lately, especially with the recent market trends, both of which have surged quite a bit.
Currently, meme coins have once again become the focus of the market, especially driven by the mirror effect, they have attracted a lot of attention.

Bitcoin (BTC) remains around $87,000 today, while Ethereum (ETH) and Solana (SOL) prices are hovering in the low zone. Overall, the global cryptocurrency market value fell 0.52% today, falling back to $2.93 trillion, but compared with the previous day, the market value still rose 6.52% to $318.44 billion.

The cryptocurrency market is experiencing a milestone turning point. As of November 2024, the price of Bitcoin has exceeded the $90,000 mark, showing unprecedented market vitality. Behind this round of gains, deep structural changes in the cryptocurrency ecosystem are reflected. This round of gains presents a unique participant structure. Through blockchain data analysis, it is found that retail investors holding less than 1 Bitcoin have shown a sustained willingness to buy. These small investors have maintained a steady increase in holdings over the past two months, pushing Bitcoin from $55,000 in September to nearly $90,000 in November. This phenomenon breaks the cognitive paradigm of "big players dominating" in the traditional market. It also shows that capital big players basically do not need to raise the price themselves, and retail investors enter steadily. In sharp contrast, "whale" investors holding more than 10,000 Bitcoins are showing a systematic reduction in holdings. This change in market behavior patterns reveals that the maturity of the cryptocurrency investor group is increasing. It looks like retail investors are no longer blindly following the operations of big players, but have formed independent investment judgment capabilities, but in fact they are still following big players. Because in fact, big investors and long-term holders have not reduced their holdings^_^. From the perspective of supply and demand, the market as a whole has been in short supply in the past three months. Data from various investor groups show that in the past 30 days alone, the market has accumulated a total net purchase of 26,000 bitcoins, which exceeds the new supply in the same period. This continuous demand pressure provides a solid foundation for price increases. Of particular note is the change in the behavior of long-term holders (LTH). Compared with the bull market highs in 2017 and 2021, current long-term holders have shown significant differences. They control about 78% of the circulating supply (about 15 million bitcoins) and have only reduced their holdings by about 3% in the recent period. In contrast, in the previous bull market, this group's reduction rate reached 20%. This abnormal stability of holding coins suggests that market participants expect higher price levels. In terms of institutional participation, trading activities on Coinbase, the largest compliant cryptocurrency exchange in the United States, show that institutional funds are actively entering the market.This trend is closely related to the current macro environment: easing inflationary pressure, stable economic growth and loose global monetary policy have provided favorable conditions for risky assets. However, the market also faces some potential technical resistance. At the price of $90,000, the order books of mainstream exchanges show a large number of sell orders, so it is better to be careful with the order placement, and it is better to give a small profit of 500-1000. It is not meaningful to want to set the highest. Big capital may use it to control below $90,000 (I believe that friends who trade stocks have a deep understanding of this). This may limit further price increases in the short term. The option positioning in the derivatives market also suggests that the $90,000-100,000 range may become an important resistance level. From a more macro perspective, the current market structure reflects that the cryptocurrency industry is undergoing a transformation from speculation-led to value investment. The rational accumulation of small investors, the patient waiting of long-term holders, and the prudent participation of institutional funds all indicate that the market is moving in a more mature direction. This transformation not only helps to reduce market volatility, but also lays the foundation for the long-term value accumulation of assets. It is worth mentioning that the large-scale leveraged liquidation phenomenon (about US$940 million in 24 hours) during this round of rise reminds us that there are still significant risks in the market. Investors need to stay sober, avoid excessive pursuit of rising and falling, and build an investment portfolio that meets their own risk tolerance. As the market develops further, how to strike a balance between seizing opportunities and controlling risks will become a continuous problem we face.

The price of Dogecoin (DOGE) today is $0.38, up 130%, making it the best-performing asset among the top 100 tokens. Investor interest has increased due to Bloomberg analyst Eric Balchunas hinting at a potential DOGE ETF. If the price breaks through the critical resistance of $0.5900, Dogecoin is expected to test its historical high. Over the past 24 hours, DOGE has risen more than 15%, with a market cap surpassing $56 billion. Liquidations exceeded $127 million, enhancing market bullish sentiment. Analysts estimate that DOGE has further upside potential, but price movements should be monitored, especially the support level at $0.3517.

Recently, the price of Bitcoin has reached a historical high, approaching $90,000. Let's take another look at the history of Bitcoin's development.
At the beginning of Bitcoin's birth, it was just a niche toy for a few geeks and tech enthusiasts, a seemingly impossible decentralized dream. But within a few short years, the world of Bitcoin has become an endless carnival, attracting countless people from around the globe to participate. This digital currency has not only changed people's views on currency and assets but also brought a brand new way of life and values. Bitcoin, with its high anonymity and resistance to censorship, has become a symbol of financial innovation in the modern world.

The continuous rise of BTC is undoubtedly exciting, but it also puts the market in a state of excitement and tension. So while the market is enthusiastic, the potential risk exposure has undoubtedly increased significantly. As CZ mentioned a few days ago, in this state, I personally suggest still being a bit calm and not overly FOMO.
From the chart, BTC's price has successfully broken through the resistance of the weekly and monthly lines, and there is a divergence in the daily and weekly Bollinger Bands, which undoubtedly indicates that the market's volatility will increase. For contract traders, the upcoming phase may not be very friendly.

Overnight, Tether minted 2 billion USDT on Ethereum, providing ample funds for the market. The price of Bitcoin has also reached $89,530, continually refreshing its historical high. Currently, Bitcoin's market value has surpassed that of silver, becoming the eighth-largest asset in the world, with a market value of $1.741 trillion.
The catalyst for the peak bull market has been ignited, and Bitcoin's increase is far ahead among mainstream coins. However, most investors in the market still hold a large number of altcoins, some of which are still in a loss state after buying at the highs. Therefore, when altcoins can explode at this stage is a question of great concern to everyone.

Solana is realizing its self-proclaimed title of 'Ethereum Killer' as it gradually surpasses Ethereum in the decentralized market. With a continued recovery breaking through the $200 threshold, Solana's price prediction target is to see a bull market above $215.

Cryptocurrency investors are puzzled by 'Will Solana rise?' or 'How high can Solana go?' with the potential sentiment this year's target being $200.

Well, to answer more such questions, we bring you the Solana price predictions from 2024 to 2030. We will address these questions using our various analyses, market sentiment, and regular updates from the crypto world.

Good morning, brothers! The market is surging!

I woke up to find Bitcoin is almost at 90,000; this is the bull market.
Remember what I said a few months ago? September would be a bottom, October would be a recovery, and November would see a major monthly surge! This wave of super market activity has started, and there will be at least two more monthly bullish candles! So the ups and downs in between are not worth worrying about! Adjustments are just pin pricks, and they basically won’t give you too many chances to get in. Many of my friends around me have already missed out. This is how a bull market works; if you can't endure the previous hardships, you won't enjoy the blessings later.
I rarely post technical articles because I am a cyclical player, and I know that my followers are mostly small retail investors; you simply do not have the ability to achieve perfect swings! It is better to follow my cyclical layout and track layout. You can review my previous articles; since the end of last year, the layout has been the market's hot sectors, constantly calling to stay away from VC scams. If you were cut badly by garbage altcoins before the bull market started, that means you didn't seriously listen to me. In this bull market, I will tell you how to protect your wealth and how to turn things around.

On the evening of November 11, Beijing time, the price of Bitcoin suddenly surged, rising nearly 10% in a single day, briefly breaking $88,000 per coin. As of 07:00 on the 12th, it was reported at $88,567 per coin, again setting a new historical high.
Bitcoin's market capitalization has surpassed that of silver, becoming the eighth largest asset in the world, with Bitcoin's market capitalization currently at $1.741 trillion and silver's at $1.735 trillion.

On the news front, MicroStrategy, a 'large holder of Bitcoin', suddenly announced that it spent approximately $2.03 billion (about 14.6 billion RMB) to buy around 27,200 Bitcoins, marking the largest purchase since December 2020.

In the past week, Ethereum prices have surged 29% to $3,200, and Tron founder Justin Sun has liquidated part of his ETH investment. Reports indicate that dormant ETH whales have also become active by selling off their holdings. Investors are waiting to see how the largest altcoin reacts to these developments.
Tron founder Justin Sun sells ETH
While capitalizing on last week's rise in Ethereum prices, Tron founder Justin Sun has been making substantial profits. About 15 hours ago, he deposited 19,000 ETH (worth approximately $60.83 million) into HTX at an ETH price of $3,202.

Today is Double Eleven; Bitcoin broke through the $80,000 mark yesterday at 4 PM, reaching a high of $81,800 today. As of the time of writing, Bitcoin is fluctuating slightly around $81,000. Some are worried that Bitcoin is about to peak? In fact, it is difficult for Bitcoin to have a deep correction, and it will experience slight fluctuations.
After hitting a peak of $73,000 on March 14, 2024, Bitcoin soared dramatically two days ago after more than six months of consolidation. The bull market in cryptocurrency is now blazing like a roaring fire! Altcoins are dancing wildly! It feels like the first half of 2021 is back.
This week, Federal Reserve officials will speak in succession, and additionally, the U.S. CPI and PPI data for October will be released, along with the retail sales data, which has been referred to as 'terrifying data.' In last week's press conference, Federal Reserve Chairman Powell clearly stated that the pace of future interest rate cuts will be dynamically adjusted based on economic conditions. The current economic outlook is fraught with uncertainty, leaning more towards gradually approaching a neutral interest rate. Specifically, the U.S. CPI data for October will be announced on Wednesday, PPI data will be released this Thursday, and on Friday, the market will focus on retail sales data, all of which could influence the expectations for rate cuts in December.

Since Trump won the U.S. presidential election, cryptocurrencies have entered a surge mode. On November 10, Bitcoin continued to rise, with a daily increase of over 4%, briefly breaking through the $80,000 mark, reaching $80,200 per coin, setting a new historical record. This is also the first time in history that Bitcoin has crossed the $80,000 mark. However, amid the volatile market, many have faced liquidation. According to Coinglass data, over 141,600 people were liquidated in the cryptocurrency market within 24 hours, with a liquidation amount reaching $430 million, of which $315 million were from short positions and $115 million from long positions. On November 11, Bitcoin continued to rise, reaching above $81,000 during trading. According to Coindesk data, the price of Bitcoin is currently up 4.81% to $80,358.72, having reached a high of $81,454.61 in the past 24 hours.

ETH rose in sync with BTC yesterday, continuing its rebound, and has now broken through the 3000 mark, successfully surpassing the key resistance range of 2950-3000. Attention should be paid to the support in this range; if the pullback does not break below it, it will continue to rise, expecting a daily adjustment and corrective market, with further bullish outlook as a new round of bullish cycles is about to start.
The current market situation is concerning, with altcoins generally performing poorly. This is mainly because mainstream funds are concentrated in a few major coins like BTC, DOGE, and SOL, while the funding pool for altcoins has not seen a significant influx of new capital.
The current funding situation of the project is also not optimistic, making it difficult to have enough momentum for pump operations. Therefore, even though mainstream coins have significantly risen, altcoins may only see rebound after the gains in mainstream coins stabilize.

The surge in Dogecoin is indeed inseparable from Musk's influence! He is not only a loyal fan of Dogecoin, but also actively supports Trump's campaign.
It is said that in order to help Trump, Musk generously donated $118 million to a super political action committee. In return, Trump promised that if he was re-elected, he would let Musk be in charge of a committee called "Government Efficiency Department DOG.E.", which focuses on improving government efficiency, and the name also secretly echoes Dogecoin.

So, is it really possible for Dogecoin to continue to soar? From a technical perspective, Dogecoin's rise is indeed strong, and the relative strength index (RSI) has reached 70, showing a clear upward trend. At the same time, Dogecoin's 30-day moving average has just formed a "golden cross" with the 200-day moving average, which is an important technical breakthrough signal, indicating a possible continued rise!

This society is developing, and the blockchain industry is continuously advancing. We need to open our minds and perspectives, not to be closed-minded and stubborn.

Just like many people in the early stages only came into contact with BTC, ETH, LTC, EOS, and other old brands.

But without a deep understanding of the blockchain industry, they only live in their own era.

Choosing and progressing are two different matters and should not be confused.

Progress requires opening oneself up, allowing oneself to be like a sponge, a pipeline that can accept the development and occurrence of all things, to see the opportunities in this industry, keep up with the times, and understand the future of industry development.

As the momentum of the cryptocurrency bull market strengthens, the Solana network shows potential for growth exceeding the Ethereum blockchain next year. As it surpasses Ethereum in DEX trading volume and other DeFi metrics, Solana-based meme tokens are poised for a breakout.
Dogecoin (DOGE)
After the announcement of the U.S. election results, the price of Dogecoin broke out of its range and surged significantly, surpassing the key resistance level of $0.2. A large influx of buying volume pushed the price above bearish levels. Although market participants believe bulls may remain calm, they have begun to expand, aiming to break through key ranges over the weekend.

With Trump's victory, crypto assets saw a surge across the board, but the most notable project was COW, which just launched on Binance and saw a peak increase of 204%.

Some believe that COW's significant increase after listing on Binance is due to selecting a good timing; others claim COW is Vitalik's favorite exchange, as he uses cows to exchange every time he dumps coins, thus COW itself carries meme attributes. But are these claims really insightful?
Another SUI ecosystem DeFi project CETUS, which went live on Binance the same day, also benefited from the recent strong performance of SUI, but its peak increase only reached 100%. In contrast, COW's performance stands out.

On November 7, the net inflow for US spot Bitcoin ETFs reached a historic high of $1.38 billion, marking the highest single-day inflow since inception, primarily benefiting BlackRock's IBIT.
Data from SoSoValue shows that BlackRock's spot Bitcoin ETF alone accounted for $1.12 billion of the total net inflows for the day, a record high, reversing a total outflow of $113.3 million over the previous two days.
IBIT's inflow accounted for over 81% of the total net inflow of $1.38 billion for the 11 US-listed spot Bitcoin ETFs that day.
Following IBIT, Fidelity's FBTC saw the second-largest inflow, totaling $190.92 million, while the previous day, the fund had an inflow leading the ETF at $308.8 million.

Today's cryptocurrency prices have sparked a speculative whirlwind among global market observers, with mixed price trends. While Bitcoin (BTC) maintains upward momentum at the $75,000 level, altcoins mainly reflect turbulent market sentiment. Meanwhile, Neiro (NEIRO) has become the day's biggest gainer.
Additionally, the global cryptocurrency market capitalization has dropped 2.64% to $2.48 trillion. Furthermore, total market trading volume has decreased by 37.63% to $134.43 billion. Therefore, let’s take a closer look at some of the highest market cap cryptocurrencies and their price trends as of November 8.

As planned, a 25 basis point interest rate cut was announced, and Bitcoin reached a new high again. Just yesterday, it was mentioned that Bitcoin is not at its peak. The market has responded positively. Old Powell announced the 25 basis point cut at 3 AM today, and Bitcoin broke its historical high at 76880 dollars. Powell even stated that he would not resign due to Trump's success and would not resign voluntarily, but it somehow sounds like he is being timid? The latest data from CME shows a 70.5% probability for the Federal Reserve to cut rates by 25 basis points in December.
Currently, the open interest of Bitcoin has reached a peak, with a fear and greed index of 75. It is advised to be cautious of potential market manipulation. Additionally, Ethereum, the long-standing second, has finally kept pace and has reached 2900. As long as Vitalik and the Ethereum Foundation do not create chaos, there is still potential to look forward to. What do you think, guys? Back to today's market analysis, from the K-line perspective, BTC is on a downward trend at the hourly level, and the 4-hour level is also about to enter a downward phase, while the 12-hour and daily levels are on an upward trend. The daily resistance level is 77000, with a support level at 74700 dollars.