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A potential correction below $2,600 would trigger over $500 million worth of leveraged short liquidations across all exchanges, CoinGlass data shows.
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Tokens tied to artificial intelligence agents are poised to soar in value to a total market capitalization of as much as $60 billion in 2025, Gracy Chen, CEO of cryptocurrency exchange Bitget, told Cointelegraph.
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During an exclusive interview with Cointelegraph at the Emergence Prague 2024 event, Vitali Dervoed, co-founder and CEO of Composability Labs, said:
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Asset manager VanEck estimates Ether’s spot price will reach $6,000 by the fourth quarter of 2025.
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Earlier this month, Alex Krüger, economist and founder of macro digital assets advisory firm Asgard Markets, said the election result made him believe that “Bitcoin is highly likely in a supercycle.”
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Bitcoin advocates on Trump’s team have solid ground to push Lummis’ bill as Republicans dominate Congress and have a slim majority in the Senate. However, just a few Republican defectors, swayed by progressive outrage over supposedly handing the government’s wealth to Bitcoiners, could derail the bill.
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The representative declined to comment about USDT volumes on the affected platforms in Europe.
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As noted by trader Jelle this week, funding rates across exchanges remain at manageable levels despite price trading near all-time highs
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Previously, Edwards suggested that Bitcoin should copy gold after its own breakout through key resistance this year.
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“The real FOMO begins above $100K. Once the epic sell wall falls, we enter a supply vacuum with a new retail-driven infinite bid. Do the math,” he wrote.
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Edwards continued that breaking the $100,000 mark would inject a new wave of parabolic behavior into the price.
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“Every cycle we get 4-7 months of insane Bitcoin price discovery returns. We have just had our 1st in November!” he said over the weekend.
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For Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, it should soon redress the balance.
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Data from monitoring resource CoinGlass showed that at 37%, November’s upside does not even compete with Bitcoin’s most successful 11th months of the year.
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The candle stands out on the monthly chart as something unprecedented, yet in percentage terms, it is nothing out of the ordinary.
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“It’s a new ballgame,” one bullish reaction from Cory Klippsten, CEO of investment platform Swan Bitcoin, read.
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Capping the November monthly candle at $96,400, BTC/USD sealed its biggest-ever one-month US dollar gains.
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he election will mean a “complete change” in approach from a regulatory standpoint, “moving from a hostile environment to a supportive environment” in the US, Sanders said.
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Donald Trump’s victory in the US presidential election in early November has greatly impacted cryptocurrency markets, driving the demand for self-custodial crypto storage solutions like Trezor.
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The spike in demand for Trezor hardware crypto wallets can be attributed to several factors, including the outcome of the presidential election in the United States, Trezor’s chief commercial officer, Danny Sanders, said.
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