Crypto Weekly (Nov 11 – Nov 17): Bitcoin Continues to Reach New Heights, Altcoins Surge

The cryptocurrency market continues to surge as Bitcoin reaches a new all-time high of $93,265, leading to a strong recovery in various altcoins.

Bitcoin Continues To Reach New Heights, Altcoins Surge

Crypto Market Last Week

The cryptocurrency market has been experiencing vibrant days as Bitcoin continues to shatter records. The leading digital currency recently set a new all-time high at $93,265 and is now trading steadily around $90,875. This strong rally is attributed to two main factors: the positive impact of Donald Trump’s victory in the U.S. presidential race and robust buying activity from ETFs, with daily volumes reaching billions of dollars.

Bitcoin’s explosive growth has created a ripple effect across the market. Several altcoins, such as HBAR and XRP, have made remarkable comebacks. Others, like SUI and OM, have even surpassed their historical peaks. Most notably, the memecoin segment has seen explosive growth, led by PNUT and ACT.

Chart BTC
BTC Chart

Top 10 Coins with the Largest Gains This Week

Top 10 Coins with the Largest Gains This Week
Top 10 Coins with the Largest Gains This Week

Top 10 Coins with the Largest Losses This Week

Top 10 Coins with the Largest Losses This Week
Top 10 Coins with the Largest Losses This Week

Notable News

Token Unlocks This Week

The following projects will unlock tokens this week:

  • Nov 18 – Aurora (AURORA): $2.7M
  • Nov 18 – Oasis (ROSE): $12.3M
  • Nov 18 – Manta Network (MANTA): $5.1M
  • Nov 18 – Fusionist (ACE): $3.3M
  • Nov 18 – Tornado Cash (TORN): $384,260
  • Nov 19 – BENQI (QI): $1.4M
  • Nov 19 – Pixels (PIXEL): $8.1M
  • Nov 19 – Merlin Chain (MERL): $8.6M
  • Nov 19 – Karrat (KARRAT): $6.4M
  • Nov 22 – SPACE ID (ID): $7.4M
  • Nov 23 – Moonwell (WELL): $3.8M

Macro Events This Week

Looking ahead, the market is expected to remain relatively quiet on the macroeconomic front. The only noteworthy event is the release of initial jobless claims data at 8:30 PM on Thursday (Nov 22, 2024). Analysts suggest that if the reported figure exceeds forecasts, it may pressure the USD to weaken, and vice versa.

(1 vote)

5.0/5

(1 vote)

Latest

Azcnews Breaking Pi Network Price Drops 17% Reasons Behind The Decline Of Pi Coin

News | Altcoin | Editor Choice | Pi Network

Pi Network Price Drops 17%: Reasons Behind the Decline of Pi Coin

Pi Network's price drops 17% due to a lack of transparency and key updates, raising concerns among investors about the future of Pi Coin.

Azcnews Breaking Paul Atkins Nears Sec Chairmanship Amid Challenges

News | Editor Choice | Policy & Regulations

Paul Atkins Nears SEC Chairmanship Amid Challenges

Paul Atkins is moving closer to becoming SEC Chairman despite financial disclosure challenges and a prolonged confirmation process.

How To Participate In The Avalon Airdrop

Airdrops | Editor Choice

How to Participate in the Avalon Airdrop

Join the Avalon airdrop hunt! The project has successfully raised $23 million and is launching a Point-earning program for users.

Bitcoin Shows Unexpected Movement Compared To The Dxy Ind

News | Bitcoin | Editor Choice

Bitcoin Shows Unexpected Movement Compared to the DXY Index

Bitcoin is hovering around $84,000 after a sharp correction, with selling pressure from short-term investors and capital outflows from ETFs – will the market recover soon?

Okx Suspends Dex Aggregation Services

News | Editor Choice | Policy & Regulations

OKX Suspends DEX Aggregation Services After Being Exploited by Bybit Hackers

OKX suspends its DEX aggregation services after being linked to the $1.5 billion Bybit hack, amid an EU investigation into money laundering activities and regulatory violations.