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

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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.

Top 10 Coins with the Largest Gains 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.

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