Crypto Weekly (Nov 18 – Nov 24): Market on an “Uptrend”, 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.

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 Losers of the Week

Key News Highlights

• Base Faces Accusations of NFT Copying After Celebrating 1 Billion Transactions Milestone
• President Donald Trump Prepares for Private Meeting with Coinbase CEO
• Key Information About the Department of Government Efficiency (DOGE)
• Hamster Kombat – Efforts to “Revive” After Its Peak Era
• Binance Launches BFUSD Stablecoin with Up to 19.55% Interest
• 12-Year-Old Boy Executes Rug Pull on Memecoin, Rakes in $30,000 Live on Stream
• Trump Seeks to Appoint Crypto Specialist to His Administration
• Gary Gensler Announces Resignation Date as SEC Chairman

Token Unlock Schedule This Week

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.