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4 reasons why $100K is the next logical step for Bitcoin Bitcoin (BTC) reclaimed the $95,000 level after briefly testing below $91,000 on Nov. 26. The two-day, 5% rally marked a decoupling from traditional markets, particularly US government bonds. This shift contrasts with the previous week when Bitcoin’s price closely tracked the US 2-year Treasury note yields. If investors are moving away from Bitcoin’s “risk-on” perception due to its hard monetary policy and censorship-resistant features, the likelihood of reaching $100,000 before year-end increases. Given that some of the world’s largest economies are facing growth challenges, it’s likely that investors will seek refuge in scarce assets, supporting Bitcoin’s performance. Read More: https://cointelegraph.com/news/4-reasons-100k-next-logical-step-bitcoin

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Price targets to watch as bitcoin struggles to hit $100K Basically, if we’ve carved out the high here at just below $100k (last Friday we saw it go as high as $99,800 before falling back) then he’s looking at $125,000. However — and this is the part that might make the big bulls sad — we might not see $100k breached this year. Glover said his “favorite” move right now (or the one that seems most likely to him) is that bitcoin’s “topped out at these levels, and we’re going to drop back down to kind of $75,000 to $80,000 and then moving into next year, then we’ll see that big rally.” Read More: https://blockworks.co/news/btc-price-levels-to-watch

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Did 8% Bitcoin price drop change bulls' chance of BTC hitting $100K? For perspective, the 22.6% price surge between Nov. 9 and Nov. 13 resulted in $342 million in buyer liquidations through BTC futures contracts, as indicated in the purple zone. Thus, the latest price correction does not necessarily signal a trend reversal but reflects temporary excessive leverage among derivatives traders. To assess whether the inability to breach the $100,000 psychological threshold affected investor sentiment, it is crucial to evaluate Bitcoin miners' activity. These entities collectively hold approximately 1.8 million BTC—valued at over $166.3 billion—and are responsible for releasing 3.125 BTC per mined block. Read More: https://cointelegraph.com/news/did-8-bitcoin-price-drop-change-bulls-chance-of-btc-hitting-100k

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Bitcoin price dip fails to squeeze leverage as $92.5K becomes ‘pivotal’ Bitcoin risks new sell-off if $92,500 zone lost Data from Cointelegraph Markets Pro and TradingView showed $92,600 forming a local BTC price bottom on Bitstamp. BTC/USD had fallen $5,000 over the course of the Nov. 25 daily candle, and a modest bounce from the lows was not enough to convince market participants that the worst was over. “Nothing about this chart resembles a validated support test for $BTC,” Keith Alan, co-founder of trading resource Material Indicators, commented in part of an X post about 4-hour timeframes. Read More: https://cointelegraph.com/news/bitcoin-leverage-high-92-5-k-bulls-pivotal-price

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Bitcoin 'spoofing' drives BTC price to $97K amid record profit-taking After struggling to beat out sellers immediately below $100,000, BTC/USD saw order book “spoofing” return to exchanges over the weekend. This came in the form of walls of ask liquidity placed in such a way as to entice the market lower toward support. “Ask liquidity moving lower with price $99.5K - $99K (ask walls). Fresh ask wall right above price here which likely was removed already ~ Spoofing on the ask,” popular trader Skew explained in his latest market analysis on X. Read More: https://cointelegraph.com/news/bitcoin-spoofing-btc-price-97-4-k-record-profit-taking

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Bitcoin may reach $180K by the end of 2025 — TYMIO founder "Bitcoin's price can double during this bull run and has the potential to reach the $180,000 threshold. This takes time — we may witness this level closer to the end of 2025. The peak of this cycle could reach much greater levels as we progress into the next two years." Read More: https://cointelegraph.com/news/bitcoin-may-reach-180-k-end-2025-tymio-founder

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Bitcoin Going to $140K Say Trio of AIs Managing $30M Investment Fund Intelligent Alpha builds portfolios by relying on AI investment picks. The firm relies on a trio of AIs — ChatGPT, Claude and Gemini — and implements their decisions, even if they sound counter-intuitive. The models have a great track record so far. Read More: https://www.coindesk.com/markets/2024/11/22/bitcoin-going-to-140k-say-trio-of-ais-managing-30m-investment-fund/

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What is the real potential of The Open Network (TON)? The Open Network (TON), once hailed as the fastest-growing blockchain of 2024, is facing a significant slowdown. Just a few months ago, it reached an impressive 100 million wallets, thanks to its integration with the Telegram messaging app. The rapid rise of TON can be attributed to its distribution through Telegram’s Mini Apps and games. “We were unable to find the kind of distribution outlets until Telegram came along and opened up their ecosystem,” Animoca Brands chairman Yat Siu pointed out. Read More: https://cointelegraph.com/news/real-potential-the-open-network-ton

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Digital Currency Group’s Barry Silbert Bets Big on AI Blockchain Bittensor Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor’s decentralized AI ecosystem. DCG chief and Yuma CEO Barry Silbert said he believes Bittensor could be as transformative as bitcoin. Yuma will operate as an accelerator for startups looking to explore Bittensor, and as an incubator to partner up and build subnets. Read More: https://www.coindesk.com/business/2024/11/20/digital-currency-groups-barry-silbert-bets-big-on-ai-blockchain-bittensor/

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DOGE's potential first target is a mobile app for filing your taxes Elon Musk's DOGE is considering developing a mobile app for tax filing, per the Washington Post. The news sent shares in tax service providers Intuit and H&R Block tumbling. Elon Musk and Vivek Ramaswamy have been tasked with slashing government spending under Trump. Read More: https://www.businessinsider.com/doge-potential-first-target-mobile-app-for-filing-your-taxes-2024-11

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MicroStrategy acquires another 51,780 bitcoin for $4.6 billion, taking holdings to 331,200 BTC MicroStrategy has purchased another 51,780 BTC for approximately $4.6 billion at an average price of $88,627 per bitcoin. The latest acquisitions come amid MicroStrategy’s sale of 13,593,865 shares for the same value. Read More: https://www.theblock.co/post/327010/microstrategy-bitcoin-331200-btc

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Bitcoin Surpasses Silver in Market Value, Whales Flock to These Promising Crypto Presales Next Bitcoin surpasses silver in market value as meme coins and presales like Pepe Unchained, Flockerz, and Crypto All-Stars attract massive whale interest. Bitcoin has officially surpassed silver in market value, reaching a total market cap of $1.8 trillion as its price climbs to $91,600. This marks another historic milestone for the leading cryptocurrency, which continues to dominate the market following the latest bullish rally. Silver’s market cap, currently at $1.71 trillion, now sits below Bitcoin’s as the crypto market gains momentum. Read More: https://financefeeds.com/bitcoin-surpasses-silver-in-market-value-whales-flock-to-these-promising-crypto-presales-next/

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How high will Bitcoin go? Here’s what prediction markets say Prediction markets had a breakout moment during the presidential election, when they proved to be more accurate than most opinion polls. So with various cryptocurrencies soaring since Donald Trump won the election, maybe prediction markets can accurately answer the question, “How high will Bitcoin go?” On the crypto-based Polymarket, where the so-called French whale netted a massive post-election windfall, bettors have various options for Bitcoin, which is currently trading at about $91,000. Read More: https://fortune.com/crypto/2024/11/16/how-high-will-bitcoin-go-btc-forecast-prediction-markets-polymarket-kalshi/

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Backpack Wallet, Blockaid prevent $26.6M loss from DeFi attacks on Solana Backpack Wallet has identified malicious actors targeting more than 5% of its users engaging with the Solana network. Over 71,000 malicious transactions were detected between June and September 2024, avoiding $26.6 million in potential losses for users. The transactions were identified through a partnership with security firm Blockaid, which scanned over 180 million transactions from Backpack’s users on Solana during the period. Read More: https://cointelegraph.com/news/backpack-wallet-blockaid-prevent-26-6-m-loss-de-fi-attacks-solana

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Solana powers 89% of new token launches as memecoin craze continues to fuel network activity Last week saw 181,000 new tokens appearing on DEXs, with a major driver of activity being memecoin launches. The following is an excerpt from The Block’s Data and Insights newsletter. Read More: https://www.theblock.co/post/325570/solana-powers-89-of-new-token-launches-as-memecoin-craze-continues-to-fuel-network-activity

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Bitcoin Just Hit $93,000—Here's Why Bitwise Thinks It's Going to $500K Think you’re too late to Bitcoin? You’ve still got time, according to ETF manager Bitwise’s chief investment officer, who predicts sizable gains still to come. Of course, he would say that. But crypto asset manager boss Matt Hougan has laid out some interesting reasons why he thinks the average investor can still snap up “digital gold”—and that being late to Bitcoin would be when or if it hits the $500,000 mark. Read More: https://decrypt.co/291492/bitcoin-hit-93000-bitwise-projects-500k

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El Salvador's Bitcoin Stash Rises Above $500M Monday’s bitcoin rally propelled El Salvador and Bhutan’s crypto stashes to $500 million and $1.1 billion respectively. The value of El Salvador's bitcoin holdings have risen above $500 million and Bhutan's above $1 billion. Bhutan's BTC holdings now account for more than one-third of its GDP versus El Salvador's stack at just 1.5% of its GDP. The fiscal situation of El Salvador's government continues to improve. Read More: https://www.coindesk.com/markets/2024/11/12/el-salvadors-bitcoin-stash-rises-above-500m-but-bhutan-story-might-be-even-bigger/

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Bitcoin Price Nears $85,000 as Crypto Liquidations Top $680 Million Bitcoin has continued its scorching surge into Monday morning, rising within striking distance of $85,000 for the first time. And amid the fast-moving market, with many cryptocurrencies pumping right now, traders are bombing out on futures bets, with liquidations hitting $684 million over the past 24 hours. Read More: https://decrypt.co/291102/bitcoin-price-85000-liquidations

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Bitcoin Reaches Record $80,000—Boosted By Trump’s Win The price of bitcoin reached a record high Sunday, continuing its post-election surge as President-elect Donald Trump has promised to bolster the industry. Read More: https://www.forbes.com/sites/saradorn/2024/11/10/bitcoin-reaches-record-80000-boosted-by-trumps-win/

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Floods in Spain: Crypto Exchange MEXC Donates €100,000 to Support Local Relief and Resilience MEXC, a leading global cryptocurrency exchange, has pledged a €100,000 donation to support relief efforts following the devastating floods that recently struck Valencia, Spain. Heavy rainfall has caused severe flooding across parts of Spain, resulting in widespread damage to communities and infrastructure. To provide assistance to this humanitarian crisis, MEXC has mobilized resources to support affected individuals and contribute to local recovery initiatives. Read More: https://chainwire.org/2024/11/09/floods-in-spain-crypto-exchange-mexc-donates-e100000-to-support-local-relief-and-resilience/

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