SOL, AVAX, SUI and NEAR advance as Bitcoin price trades in the $90K zone

November 17, 2024 Coin Telegraph

SOL, AVAX, SUI and NEAR advance as Bitcoin price trades in the K zone

Avalanche

Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.

Bitcoin (BTC) continued its up move, rallying more than 12.5% this week. It is not that the bears gave up easily. They tried to start a pullback on Nov. 14, but the bulls held their ground. The price has been trading in a tight range near the all-time high, improving the prospects of an upside breakout.

CryptoQuant contributor Darkfost said in a market update that Bitcoin whales have not stopped buying even with the price around $90,000, and “most are holding, which is a sign of confidence in the market.”

Crypto market data daily view. Source: Coin360

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of 0 Trillion in TradFi Capital

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

XRP breaks through $1 amid Trump-Ripple CEO meeting speculation

November 16, 2024 The Crypto Briefing

XRP breaks through amid Trump-Ripple CEO meeting speculation

Crypto Briefing

XRP's surge highlights potential shifts in crypto regulation and market dynamics amid political and leadership changes, impacting investor sentiment.

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Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

XRP outperforms crypto market with a 17% pump — What’s driving the rally?

November 15, 2024 Coin Telegraph

2024 US elections

XRP price staged a double-digit rally as traders opened new positions in expectation of a crypto-friendly Trump administration.

XRP jumped 17% over the last 24 hours, outperforming the rest of the crypto market as the rally cooled off.

Data from Cointelegraph Markets Pro and TradingView shows XRP rose from a low of $0.6833 on Nov. 14, climbing as much as 24% to a sixteen-month high of $0.8479.

In comparison, the total crypto market capitalization was down, posting 2.8% daily losses to $2.91 at the time of publication. Bitcoin (BTC) had dropped 4% while Ether (ETH) was down 6% over the same timeframe.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Ripple’s XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation

November 15, 2024 The Crypto Briefing

Crypto Briefing

Gensler's potential resignation could reshape SEC's crypto stance, possibly easing legal pressures on Ripple and boosting broader market confidence.

The post Ripple’s XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation appeared first on Crypto Briefing.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Bitcoin corrects as US inflation data emerges — Is the rally to $100K at stake?

November 15, 2024 Coin Telegraph

Bitcoin corrects as US inflation data emerges — Is the rally to 0K at stake?

Coin Telegraph

Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.

Bitcoin (BTC) traded down by 4.1% on Nov. 14 following US inflation data that marginally exceeded market expectations. This decline mirrored the S&P 500 index futures, which fell from 6,023 to 5,980 over four hours.

As a result, traders are now questioning the extent of this correlation and when Bitcoin’s inflation-hedging attributes might offer some protection in an environment of persistent inflation.

S&P 500 index futures (left) vs. Bitcoin/USD (right). Source: TradingView

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Goldman Sachs holds $461 million in BlackRock’s IBIT, new filing reveals

November 15, 2024 The Crypto Briefing

Crypto Briefing

Goldman Sachs' increased investment in Bitcoin ETFs signals growing institutional confidence in cryptocurrency as a mainstream asset class.

The post Goldman Sachs holds $461 million in BlackRock’s IBIT, new filing reveals appeared first on Crypto Briefing.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Powell says Fed does not need to ‘be in a hurry’ to lower rates

November 14, 2024 The Crypto Briefing

Crypto Briefing

Powell's cautious stance on rate cuts suggests prolonged high interest rates, impacting borrowing costs and economic growth strategies.

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Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Crypto Markets Explode to Over $3,000,000,000,000 Following Trump Presidential Victory

November 14, 2024 The Daily Hodl

Crypto Markets Explode to Over ,000,000,000,000 Following Trump Presidential Victory

Altcoins

The global crypto markets have toppled $3 trillion in the aftermath of the Trump US Presidential win. According to data from crypto data aggregator CoinGecko, crypto’s total market cap now rests at $3.076 trillion, down 5% in the last 24 hours from a market cap of $3.184 trillion. Bitcoin (BTC) has led the way, up […]

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Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

Hitting and holding $100K Bitcoin price depends on $11.8B end-of-year BTC options expiry

November 14, 2024 Coin Telegraph

Hitting and holding 0K Bitcoin price depends on .8B end-of-year BTC options expiry

Bears

Bitcoin’s ability to reach and hold the $100,000 level will be influenced by the upcoming $11.8 billion options expiry.

Bitcoin’s (BTC) market is preparing for the year-end $11.8 billion options expiry, set for Dec. 27 at 8:00 am UTC. Recent data reveals a strong advantage for call (buy) options, though bears could significantly limit their losses by keeping Bitcoin’s price below $75,000.

Aggregate Bitcoin options open interest for Dec. 27. Source: Laevitas.ch

As of now, the total open interest for call options is $7.9 billion, while put (sell) options lag at $3.92 billion—underscored by Bitcoin’s 29% rise since October, which has likely rendered most put options worthless.

Investor Dan Tapiero Says Solana Memecoin Explosions ‘Practice’ for Migration of $100 Trillion in TradFi Capital

BlackRock’s Bitcoin ETF joins top 1% of ETFs by size, hits $40 billion milestone in record time

November 13, 2024 The Crypto Briefing

Crypto Briefing

The rapid growth of BlackRock's Bitcoin ETF highlights increasing institutional acceptance and could drive further mainstream crypto adoption.

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