Crypto Weekly (Nov 18 – Nov 24): Market on an “Uptrend”, BTC Set to Surpass 100k

The cryptocurrency market in the last week of November continued its strong growth as BTC rose by 10% and is poised to surpass $100,000 due to significant buying pressure from investment funds. Chairman Gary Gensler also announced his resignation on the day Donald Trump took office.

Btc Set To Surpass 100k

Crypto Market Overview – Last Week

The cryptocurrency market continued its strong uptrend last week, with Bitcoin (BTC) extending its rally from $89,800 to $99,700, approaching the $100,000 milestone (up 10%). Currently, BTC is trading around $97,600. The surge in BTC price is attributed to strong buying pressure from institutional investors and funds, coupled with notable events such as the SEC Chair announcing his resignation, FTX confirming its repayment timeline, and MicroStrategy setting a new Bitcoin purchase record.

Chart BTC
Chart BTC

Bitcoin’s rise towards $100,000 has also fueled significant momentum for altcoins. Many coins hit new all-time highs, notably Solana (SOL) and XRP. Altcoins, particularly older, well-established ones, are maintaining impressive growth trajectories.

Top 10 Gainers of the Week

Top 10 Gainers of the Week
Top 10 Gainers of the Week

Top 10 Losers of the Week

Top 10 Losers of the Week
Top 10 Losers of the Week

Key News Highlights

Token Unlock Schedule This Week

Token Unlock (CryptoRank)
Token Unlock (CryptoRank)

Here is the list of projects unlocking tokens this week:

  • $OP: $71.50M
  • $IMX: $38.39M
  • $1INCH: $27.61M
  • $SANTOS: $12.11M
  • $SKL: $11.16M
  • $TRIBL: $10.75M
  • $PORTAL: $8.85M

Macro News This Week

Key events to watch in the upcoming week:

  • Wednesday, November 27, 2024, at 13:30 (UTC): Release of Initial Jobless Claims data. Actual figures higher than the forecast may negatively impact the USD, and vice versa.
  • Wednesday, November 27, 2024, at 13:30 (UTC): Release of GDP data. Actual figures exceeding the forecast may positively impact the USD, and vice versa.
Love

0.0/5

Love

Latest

Pump Token Soars 15% Thanks To Buyback

News | Editor Choice | Memecoin

PUMP Token Soars 15% Thanks to Buyback

The buyback wave is heating up the crypto market, and Pump.fun, one of the hottest names in recent months, has officially jumped on the bandwagon.

Bigone Crypto Exchange Hacked, Users Lose $27 Million

News | Editor Choice | Policy & Regulations

BigONE Crypto Exchange Hacked, Users Lose $27 Million

Crypto exchange BigONE has confirmed a serious security breach resulting in over $27 million in losses. The attacker gained unauthorized access to the platform’s hot wallets, siphoning off various assets including BTC, ETH, USDT, SHIB, SOL, and DOGE.

Trump Announces Congressional Breakthrough On Genius Act

News | Editor Choice | Policy & Regulations

Trump Announces Congressional Breakthrough on GENIUS Act

President Donald Trump announced that the GENIUS Act — the first federal framework for stablecoins — has gained key congressional support and will head to a vote, marking a surprising legislative turnaround.

Should You Dca Bitcoin At This Time

Bitcoin | Editor Choice

Should You DCA Bitcoin at This Time?

After Bitcoin reached an all-time high of over $120,000, many investors are questioning whether they should dollar-cost average (DCA) at this time.

Bitcoin Sees Sharp Correction Amid U.s. Inflation Concerns

News | Bitcoin | Editor Choice

Bitcoin Sees Sharp Correction Amid U.S. Inflation Concerns

After reaching a new high of $123,000, Bitcoin has pulled back to $116,800 as the market cools down and retail investors remain largely absent.