Trending News: Microsoft’s Bitcoin Treasury Proposal Fails to Garner Shareholder SupportJPMorgan Boosts Ratings for Bitcoin Miners Cipher, CleanSpark, and MARA.Floki Unveils Fee-Free Crypto Debit Card, Bolstering Token Fundamentals.Amid Quantum Computing Fears, BlackRock’s Bitcoin ETF Declines the Most in Four Months.Derive Protocol Reaches $100M in Value Locked as Bitcoin Whales Stir Up the Options MarketXRP and Dogecoin Fall 12% as Altcoin Selloff Sparks the Largest Bullish Liquidation in Nearly Three Years.Crypto Faces Heavy Losses in Broad Selloff, With Altcoins Plummeting 20%.According to JPMorgan, November Represented a ‘Historic’ Moment for the Crypto Market.CoinDesk 20 Performance Review: FIL Slips 13%, with Most Assets Trading Lower.Jupiter DAO Clears $860M ‘Jupuary’ Airdrop in Significant Vote.Major Cryptos Cardano, XRP Face Steepest Losses as $300M in Bullish Trades Are Liquidated Amid Market SlumpEther Climbs to $4,000 as Ethereum Address Activity and Coinbase Premium RiseMt. Gox Shifts $2.8B in BTC as Bitcoin Breaks $100K Barrier.Bitcoin Hits $100K, Eyes $2 Trillion in Market Value.PENGU Token to be Released by the Top NFT Brand, Pudgy PenguinsBitcoin Dropped Below $94K in a Sudden Fall from Its $100K High.Memecoins Climb to $140 Billion in Market Value, Enhancing Their Impact on the Crypto Market.MicroStrategy’s Leverage in ETFs Is Driving a Bigger Impact on Crypto Markets, According to JPMorganCoinDesk 20 Update: RENDER Surges 14.7%, Index Shows Positive MovementBitcoin Surpasses $100K, Fueling a Surge in U.S. Crypto Stocks Pre-MarketBitcoin Reaches Milestone Against Gold, With Predictions for $120K by Year-End Based on Cycle Patterns: Van StratenMarket Makers Likely to Hold Bitcoin Around $100K Amid Pullback Threats in the Overheated Market.This Bitcoin Miner Reveals Dogecoin Mining Generates Triple the Income.As Bitcoin Reaches $103K, Traders Brace for Stronger Buying Activity.“HAWK Token, introduced by ‘Hawk Tuah’ sensation Haliey Welch, is officially live.”Bitcoin Hits $99K as Rising Coinbase Premium Indicates Heavy U.S. Buying PressureBinance’s BNB Hits Record High, Escaping 3-Year Range as Altcoin Rotation AcceleratesEther Jumps 8% as Bitcoin Dominance Takes a DipDOT Shines with 17.3% Gain in CoinDesk 20 Update as Index Moves UpRecent Spot Bitcoin ETF Investments Could Reflect Simple Directional Strategies: Van Straten“The 400% XRP Surge Has Solid Support from Coinbase Whales, Displacing the Korean Focus”Grayscale Requests Conversion of Solana Trust into ETF.Memecoin Creation Now Available in Telegram as GraFun Expands to the TON NetworkVan Straten Predicts Bitcoin’s Success Amid Loosest Financial Conditions in the U.S. in YearsValidator Decision Leads to 90% Reduction in XRP Account FeesSigns of Investors Seeking Bargains on Upbit After BTC Flash Crash from South Korea’s Martial LawBitcoin and XRP experienced a brief 30% decline on South Korean exchanges as martial law was imposed.CoinDesk 20 Performance Update: XRP’s 9.9% Drop Pushes the Index Down Since Monday.Breaking the $100K mark for Bitcoin could take several tries, says Van Straten.MicroStrategy’s Price Swings Outpace Bitcoin’s by 2.5 Times—What Should Traders Expect?Skepticism Grows Among Polymarket Bettors Regarding Microsoft’s Bitcoin PurchaseAccording to Steno Research, Ethereum Transaction Revenue Has Increased After Trump’s Election Win.XRP Sees Surge in ‘Whale’ Activity, With 7-Day Price Gains Nearing a 100% Increase.Ethena Secures 5% of DRV Tokens for sENA Holders Through Partnership with Derive.Bitcoin’s Supply in “Illiquid” Hands Climbs to a New Record Near 15 Million Tokens.CoinDesk 20 Performance Report: HBAR Leaps 42.3%, Index Sees Uplift from Friday.MicroStrategy Purchases 15.4K Bitcoin Worth $1.5B as Saylor Recommends BTC to MicrosoftAccording to Bernstein, Ether Presents a Favorable Risk-Reward Scenario.XRP Surges Ahead of Tether in Market Cap Rankings, While Bitcoin Meets a $384M Sell Wall Challenge.Ethereum Price Action Mimics a Setup That Signaled Bitcoin’s Record-Breaking Rally.Ethereum ETFs See $333M Inflows, Leading Bitcoin Funds as Catch-Up Trade Intensifies.XRP Surpasses $100 Billion Market Cap and 2018 Price Highs as Ripple’s RLUSD Close to Final ApprovalBitcoin Makes Another Bid for $100K With U.S. Traders Back in Action Post-Thanksgiving.Bitcoin is positioned to record its fourth-highest monthly performance since October 2021.XRP Soars 14%, Eyes $1.70, a Threshold Last Touched in April 2021.Traders See Ethereum ETFs Inflow Streak as a Key Factor for ETH’s Push to All-Time HighsStablecoins Could Represent Up to 10% of the U.S. Money Supply, Say Standard Chartered and Zodia MarketsXRP Takes the Spotlight, Outpacing Major Cryptos as Yen Challenges BitcoinBitcoin Likely to Exceed $100K Despite Pullback, with Plenty of Room Left to Surge, Says CryptoQuant.With the fifth consecutive rise in mining difficulty approaching, Bitcoin miners near a $40 billion market cap.ETF Delivering 2x Inverse BTC Returns Records High Trading Volume as Bitcoin Stays Over $90K.Dogecoin Holders, Take Note: This Bitcoin Layer-2 Offers Yield Earning on DOGERaydium’s RAY Token on Solana Remains a High-Risk Asset, Godbole WarnsBitcoin Breaks Above $97K, Then Retracts, With Ether and XRP Spiking 7%.ARK Invest Analyst Foresees Bitcoin Hitting $124K by the End of the YearBitcoin Struggles, Aussie-Yen Declines, Suggesting Broader Market Risk-Off Sentiment.Think ETH Is Doomed? Increasing Metrics Tell a Different Tale.BTC Sees Strong Recovery, Returns to Almost $94K – First Mover AmericasStablecoin Market Rebounds to $190B, Surpassing Pre-Terra Crash Peak: CCData AnalysisShort-Term Bitcoin Investors Shift $8B to Exchanges, a Signal of a Bottom, According to Van Straten.Galaxy Research: Bitcoin’s Bull Cycle Has More to OfferMSTR Trade Turns Sour for Retail Investors Amid Market VolatilityXRP Profit-Taking Hits Record Levels as Ripple Labs Announces Interest in Bitwise XRP ETF.UNI Rallies 16.3% While CoinDesk 20 Index Sees All Assets ClimbBitcoin’s Decline to $91K Triggers Flashbacks to the Thanksgiving ‘Massacre’ of 2020.Bitcoin Hits $100K Sell Wall, Shifting Market Focus Toward EtherCoinDesk 20 Market Review: XLM Tumbles 14.6% as All Index Tokens Face Declines“With Bitcoin Buying Plans Boosting Stocks, Is This Michael Saylor’s Next Big Play, or Just Another ‘Long Island Iced Tea’ Hype?”Bitcoin Price Falls Below $93K as Correction Deepens, According to First Mover Americas“The future of prediction markets looks brighter, but recent mudslinging threatens to dim the outlook.”Historical Patterns Point to Bitcoin Long-Term Holders Having 163K BTC Still Available to Sell, Van Straten Says.Layer 2 Solutions Propel Ethereum Blob Usage to Unprecedented Levels.XRP Holds Steady as Archax Debuts Tokenized Money Market Fund on XRP LedgerGodbole: These 3 Factors Could Push Bitcoin Below $90KBitcoin Nears $94K Support as $100K Short-Term Bullish Outlook PersistsXLM Climbs 47.7%, Helping Propel the CoinDesk 20 Index Higher by 100 PointsAfter a Weekend Slump, Bitcoin Returns to $98K, First Mover Americas Observes$9B Bitcoin Options Expiration on Friday Could Trigger Thanksgiving Weekend Volatility in the Markets.MicroStrategy’s Bitcoin Investments Are Luring In Global Capital, Bernstein Reports.Following Trump’s win, DOGE, XRP, and XLM soar in Korea, now with traders eyeing the potential of SAND Token.Major Liquidations Sweep Crypto Markets as Bitcoin Falls, With XRP and DOGE Hit HardestThree Artificial Intelligences Behind $30M Fund Project Bitcoin to Climb to $140KDespite Bitcoin’s New Record, MicroStrategy Plunges 16% as Analysts Raise Valuation Concerns“As Gensler Prepares to Step Down, the Rotation Towards Altcoins Has Taken Hold.”ADA Soars to 90 Cents, Marking a 2.5-Year Record as Whale Investments Exceed $12BAt $3.4T, Crypto Market Cap Soars as Bitcoin’s Price Pushes Near $100K.XRP Price Spikes 25% Amid Easing Regulatory Pressures on RippleSOL Sets a New Record as Prices Soar Beyond $260Dogecoin Rallies Amid Renewed Speculations of X Platform Payments After Musk’s Hint“CME Bitcoin Futures See Open Interest Cross 215K BTC, Marking a Milestone as Bitcoin Targets $100K.”
Thu. Dec 12th, 2024
Trending News: Microsoft’s Bitcoin Treasury Proposal Fails to Garner Shareholder SupportJPMorgan Boosts Ratings for Bitcoin Miners Cipher, CleanSpark, and MARA.Floki Unveils Fee-Free Crypto Debit Card, Bolstering Token Fundamentals.Amid Quantum Computing Fears, BlackRock’s Bitcoin ETF Declines the Most in Four Months.Derive Protocol Reaches $100M in Value Locked as Bitcoin Whales Stir Up the Options MarketXRP and Dogecoin Fall 12% as Altcoin Selloff Sparks the Largest Bullish Liquidation in Nearly Three Years.Crypto Faces Heavy Losses in Broad Selloff, With Altcoins Plummeting 20%.According to JPMorgan, November Represented a ‘Historic’ Moment for the Crypto Market.CoinDesk 20 Performance Review: FIL Slips 13%, with Most Assets Trading Lower.Jupiter DAO Clears $860M ‘Jupuary’ Airdrop in Significant Vote.Major Cryptos Cardano, XRP Face Steepest Losses as $300M in Bullish Trades Are Liquidated Amid Market SlumpEther Climbs to $4,000 as Ethereum Address Activity and Coinbase Premium RiseMt. Gox Shifts $2.8B in BTC as Bitcoin Breaks $100K Barrier.Bitcoin Hits $100K, Eyes $2 Trillion in Market Value.PENGU Token to be Released by the Top NFT Brand, Pudgy PenguinsBitcoin Dropped Below $94K in a Sudden Fall from Its $100K High.Memecoins Climb to $140 Billion in Market Value, Enhancing Their Impact on the Crypto Market.MicroStrategy’s Leverage in ETFs Is Driving a Bigger Impact on Crypto Markets, According to JPMorganCoinDesk 20 Update: RENDER Surges 14.7%, Index Shows Positive MovementBitcoin Surpasses $100K, Fueling a Surge in U.S. Crypto Stocks Pre-MarketBitcoin Reaches Milestone Against Gold, With Predictions for $120K by Year-End Based on Cycle Patterns: Van StratenMarket Makers Likely to Hold Bitcoin Around $100K Amid Pullback Threats in the Overheated Market.This Bitcoin Miner Reveals Dogecoin Mining Generates Triple the Income.As Bitcoin Reaches $103K, Traders Brace for Stronger Buying Activity.“HAWK Token, introduced by ‘Hawk Tuah’ sensation Haliey Welch, is officially live.”Bitcoin Hits $99K as Rising Coinbase Premium Indicates Heavy U.S. Buying PressureBinance’s BNB Hits Record High, Escaping 3-Year Range as Altcoin Rotation AcceleratesEther Jumps 8% as Bitcoin Dominance Takes a DipDOT Shines with 17.3% Gain in CoinDesk 20 Update as Index Moves UpRecent Spot Bitcoin ETF Investments Could Reflect Simple Directional Strategies: Van Straten“The 400% XRP Surge Has Solid Support from Coinbase Whales, Displacing the Korean Focus”Grayscale Requests Conversion of Solana Trust into ETF.Memecoin Creation Now Available in Telegram as GraFun Expands to the TON NetworkVan Straten Predicts Bitcoin’s Success Amid Loosest Financial Conditions in the U.S. in YearsValidator Decision Leads to 90% Reduction in XRP Account FeesSigns of Investors Seeking Bargains on Upbit After BTC Flash Crash from South Korea’s Martial LawBitcoin and XRP experienced a brief 30% decline on South Korean exchanges as martial law was imposed.CoinDesk 20 Performance Update: XRP’s 9.9% Drop Pushes the Index Down Since Monday.Breaking the $100K mark for Bitcoin could take several tries, says Van Straten.MicroStrategy’s Price Swings Outpace Bitcoin’s by 2.5 Times—What Should Traders Expect?Skepticism Grows Among Polymarket Bettors Regarding Microsoft’s Bitcoin PurchaseAccording to Steno Research, Ethereum Transaction Revenue Has Increased After Trump’s Election Win.XRP Sees Surge in ‘Whale’ Activity, With 7-Day Price Gains Nearing a 100% Increase.Ethena Secures 5% of DRV Tokens for sENA Holders Through Partnership with Derive.Bitcoin’s Supply in “Illiquid” Hands Climbs to a New Record Near 15 Million Tokens.CoinDesk 20 Performance Report: HBAR Leaps 42.3%, Index Sees Uplift from Friday.MicroStrategy Purchases 15.4K Bitcoin Worth $1.5B as Saylor Recommends BTC to MicrosoftAccording to Bernstein, Ether Presents a Favorable Risk-Reward Scenario.XRP Surges Ahead of Tether in Market Cap Rankings, While Bitcoin Meets a $384M Sell Wall Challenge.Ethereum Price Action Mimics a Setup That Signaled Bitcoin’s Record-Breaking Rally.Ethereum ETFs See $333M Inflows, Leading Bitcoin Funds as Catch-Up Trade Intensifies.XRP Surpasses $100 Billion Market Cap and 2018 Price Highs as Ripple’s RLUSD Close to Final ApprovalBitcoin Makes Another Bid for $100K With U.S. Traders Back in Action Post-Thanksgiving.Bitcoin is positioned to record its fourth-highest monthly performance since October 2021.XRP Soars 14%, Eyes $1.70, a Threshold Last Touched in April 2021.Traders See Ethereum ETFs Inflow Streak as a Key Factor for ETH’s Push to All-Time HighsStablecoins Could Represent Up to 10% of the U.S. Money Supply, Say Standard Chartered and Zodia MarketsXRP Takes the Spotlight, Outpacing Major Cryptos as Yen Challenges BitcoinBitcoin Likely to Exceed $100K Despite Pullback, with Plenty of Room Left to Surge, Says CryptoQuant.With the fifth consecutive rise in mining difficulty approaching, Bitcoin miners near a $40 billion market cap.ETF Delivering 2x Inverse BTC Returns Records High Trading Volume as Bitcoin Stays Over $90K.Dogecoin Holders, Take Note: This Bitcoin Layer-2 Offers Yield Earning on DOGERaydium’s RAY Token on Solana Remains a High-Risk Asset, Godbole WarnsBitcoin Breaks Above $97K, Then Retracts, With Ether and XRP Spiking 7%.ARK Invest Analyst Foresees Bitcoin Hitting $124K by the End of the YearBitcoin Struggles, Aussie-Yen Declines, Suggesting Broader Market Risk-Off Sentiment.Think ETH Is Doomed? Increasing Metrics Tell a Different Tale.BTC Sees Strong Recovery, Returns to Almost $94K – First Mover AmericasStablecoin Market Rebounds to $190B, Surpassing Pre-Terra Crash Peak: CCData AnalysisShort-Term Bitcoin Investors Shift $8B to Exchanges, a Signal of a Bottom, According to Van Straten.Galaxy Research: Bitcoin’s Bull Cycle Has More to OfferMSTR Trade Turns Sour for Retail Investors Amid Market VolatilityXRP Profit-Taking Hits Record Levels as Ripple Labs Announces Interest in Bitwise XRP ETF.UNI Rallies 16.3% While CoinDesk 20 Index Sees All Assets ClimbBitcoin’s Decline to $91K Triggers Flashbacks to the Thanksgiving ‘Massacre’ of 2020.Bitcoin Hits $100K Sell Wall, Shifting Market Focus Toward EtherCoinDesk 20 Market Review: XLM Tumbles 14.6% as All Index Tokens Face Declines“With Bitcoin Buying Plans Boosting Stocks, Is This Michael Saylor’s Next Big Play, or Just Another ‘Long Island Iced Tea’ Hype?”Bitcoin Price Falls Below $93K as Correction Deepens, According to First Mover Americas“The future of prediction markets looks brighter, but recent mudslinging threatens to dim the outlook.”Historical Patterns Point to Bitcoin Long-Term Holders Having 163K BTC Still Available to Sell, Van Straten Says.Layer 2 Solutions Propel Ethereum Blob Usage to Unprecedented Levels.XRP Holds Steady as Archax Debuts Tokenized Money Market Fund on XRP LedgerGodbole: These 3 Factors Could Push Bitcoin Below $90KBitcoin Nears $94K Support as $100K Short-Term Bullish Outlook PersistsXLM Climbs 47.7%, Helping Propel the CoinDesk 20 Index Higher by 100 PointsAfter a Weekend Slump, Bitcoin Returns to $98K, First Mover Americas Observes$9B Bitcoin Options Expiration on Friday Could Trigger Thanksgiving Weekend Volatility in the Markets.MicroStrategy’s Bitcoin Investments Are Luring In Global Capital, Bernstein Reports.Following Trump’s win, DOGE, XRP, and XLM soar in Korea, now with traders eyeing the potential of SAND Token.Major Liquidations Sweep Crypto Markets as Bitcoin Falls, With XRP and DOGE Hit HardestThree Artificial Intelligences Behind $30M Fund Project Bitcoin to Climb to $140KDespite Bitcoin’s New Record, MicroStrategy Plunges 16% as Analysts Raise Valuation Concerns“As Gensler Prepares to Step Down, the Rotation Towards Altcoins Has Taken Hold.”ADA Soars to 90 Cents, Marking a 2.5-Year Record as Whale Investments Exceed $12BAt $3.4T, Crypto Market Cap Soars as Bitcoin’s Price Pushes Near $100K.XRP Price Spikes 25% Amid Easing Regulatory Pressures on RippleSOL Sets a New Record as Prices Soar Beyond $260Dogecoin Rallies Amid Renewed Speculations of X Platform Payments After Musk’s Hint“CME Bitcoin Futures See Open Interest Cross 215K BTC, Marking a Milestone as Bitcoin Targets $100K.”
Thu. Dec 12th, 2024

“Bitcoin Surges to $100K, Though Profit-Taking May Lead to Short-Term Declines”

Crypto Market Highlights: November 21, 2024

Market Overview

  • CoinDesk 20 Index: 3,048.35 (+2.24%)
  • Bitcoin (BTC): $97,988.32 (+4.55%)
  • Ether (ETH): $3,284.40 (+6.06%)
  • Gold: $2,664.88 (+0.56%)
  • S&P 500: 5,917.11 (flat)
  • Nikkei 225: 38,026.17 (-0.85%)

Bitcoin’s Record Rally

Bitcoin is on the brink of the monumental $100,000 level, with its price soaring to $98,000, marking a 40% surge in just two weeks. This rally has been fueled by optimism surrounding crypto-friendly regulatory policies under Donald Trump and a surge in institutional interest.

However, analysts are signaling caution as BTC approaches this significant psychological milestone. Gracy Chen, CEO of Bitget, noted, “$100K could act as a natural profit-taking point for investors, leading to short-term volatility before the next leg up.”

Crypto Equities in Focus

  • MicroStrategy (MSTR): Gained 11% pre-market to hit $520, buoyed by its massive Bitcoin holdings.
  • MARA Holdings (MARA) and Semler Scientific (SMLR) saw notable gains, reflecting the broader bullish sentiment in crypto-related equities.

Meme Token Legal Drama

The creator of the Chillguy meme has threatened legal action over unauthorized use of his intellectual property in a viral Solana-based token. Following Phillip Banks’ announcement, the token saw a sharp decline after reaching a $500 million valuation. This legal uncertainty highlights the risks inherent in meme-driven crypto assets.

Retail Frenzy for Memecoins

Google Trends data shows a peak interest in “memecoins,” suggesting heightened retail participation in the crypto market. This surge in attention is reminiscent of previous speculative phases, underlining the volatility of these assets.

Stay updated on market trends and insights with CoinDesk’s First Mover newsletter!

  • AdminCoinSpeaker

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