Crypto analyst Ali Martinez has provided insights into what the Bitcoin price trajectory could look like in the coming weeks. Interestingly, the analyst predicted that Bitcoin could rally to $138,000 and then experience a 30% price crash. Why Bitcoin Could Rise To $138,000 And Crash After In an X post, Martinez alluded to historical trends to explain why the Bitcoin price could rally first to $138,000 and then crash by 30% after. He stated that during the 2017 bull market, Bitcoin surged 156% past its previous all-time high (ATH) before the first major correction of 39%. Similarly, BTC rallied 124% in the 2020 bull run before it witnessed a 32% correction. If history were to repeat itself, Martinez predicts that the Bitcoin price could rally to at least $138,000 before experiencing its first major pullback. Bitcoin has cooled off in the last few days following its parabolic rally after Donald Trump won the US presidential elections. However, the analyst recently mentioned what needed to happen for the flagship crypto to break above $100,000 and possibly reach this $138,000 target. He stated that the BTC price needs to achieve a sustained daily close above $91,900 to invalidate its bearish outlook at the moment and rally to $100,680. This came as he explained why Bitcoin could witness a price correction soon enough. Martinez noted that the greed index was currently at its peak, which is usually bearish for the Bitcoin price since investors could be overleveraging their positions, leading to a massive flush. Meanwhile, in his most recent X post, Ali Martinez indicated that this Bitcoin price rally above $100,000 would happen before the significant price correction. This time, he upped his target to $150,000, stating that the breakout could happen the next day or two before the 30% price correction. Price Could Double From Previous ATH In Next Three Weeks Crypto analyst Kevin Capital predicted that the Bitcoin price could double in the next three weeks. He noted that in every Bitcoin cycle after BTC broke its previous ATH, the crypto went into price discovery and doubled its price in four to six weeks. According to Kevin, BTC is 45% to 50% away from doubling its price from the previous ATH of $73,000 and is on week three of price discovery. Related Reading: Dogecoin Large Transactions Surge 41% With 35% Uptick In Daily Addresses, Will Price Follow? The analyst stated that if the BTC price doesn’t record this 45% to 50% rally in the next three weeks, it is technically underperforming previous bull markets. However, it is worth mentioning that this cycle is the only one in which the Bitcoin price has reached a new ATH before the halving event, which took place earlier this year. At the time of writing, the Bitcoin price is trading at around $91,900, up in the last 24 hours, according to data from CoinMarketCap.

Cardano price started a consolidation phase above the $0.700 zone. ADA is holding gains and might aim for a fresh increase above $0.7880. ADA price started a downside correction after a strong rally toward $0.8200. The price is trading above $0.740 and the 100-hourly simple moving average. There was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7880 resistance zone. Cardano Price Holds Gains Above Support In the past few days, Cardano saw a major increase above the $0.50 resistance. ADA outpaced Bitcoin and Ethereum. There was a move above the $0.650 and $0.750 resistance levels. It even cleared the $0.800 level. A high was formed at $0.8199 before there was a pullback. The price tested the $0.6880 support and is currently rising. There was a move above the $0.740 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low. Besides, there was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA/USD pair. Cardano price is now trading above $0.740 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7750 zone. The first resistance is near $0.7880 or the 76.4% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low. The next key resistance might be $0.8180. If there is a close above the $0.8180 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8800 region. Any more gains might call for a move toward $0.950. Are Dips Supported in ADA? If Cardano’s price fails to climb above the $0.7880 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level. The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.6880. The next major support is near the $0.600 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7400 and $0.7200. Major Resistance Levels – $0.7880 and $0.8180.

Bitcoin price movements often correlate with large-scale investors’ actions, commonly called “whales.” These individuals or entities hold between 1,000 and 10,000 BTC, and their trading behavior is a critical indicator of market trends. With that being said, recent data indicates that these whales have been increasing their Bitcoin holdings, which has fuelled momentum in the Bitcoin market thereby capturing the interest of more investors. BTC Whales Continue Accumulation: Implications and Risks A CryptoQuant analyst known as Datascope recently highlighted the trend of increasing BTC whale accumulation, noting that a positive 30-day percentage change supports the accumulation of Bitcoin by whales. This trend according to the analyst, represents a shift that can significantly impact Bitcoin’s price trajectory. When these major players accumulate, it often signals more liquidity in the market and a likely impending price surge. Datascope discloses that the correlation between whale balances and Bitcoin’s price “highlights the growing dominance of these investors in the market.” The CryptoQuant analyst added: However, datascope mentioned that there are potential caveats to this accumulation trend. He noted that the accumulation phase can lead to upward momentum, but it inherently carries the risk of a sharp reversal when these large holders decide to sell their assets. Selling pressure from whales, especially if executed suddenly, could lead to rapid price declines, reversing gains during accumulation. The analyst concluded by noting: Bitcoin Market Performance While the accumulation of BTC from whales continues, the asset appears to be gearing up for another rally. It is worth noting that prior to today’s price performance, Bitcoin has remained just above $90,000 following its sharp decrease away from its all-time high (ATH) of $93,477 registered last week. However, today, the asset is beginning to see a return of upward momentum. Particularly, at the time of writing, Bitcoin has increased by 1.9% to a current trading price of $91,635, bringing it to a 1.7% decrease away from its ATH. Featured image created with DALL-E, Chart from TradingView

XRP price is correcting gains from the $1.185 resistance zone. The price might revisit the $1.00 support before the bulls appear. XRP price started a downside correction below the $1.120 level. The price is now trading below $1.100 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could retest the $1.00 support zone before the bulls take a stand. XRP Price Dips Again XRP price struggled to extend gains above the $1.180 and $1.20 levels. It started a downside correction and traded below the $1.150 level. It underperformed Bitcoin and Ethereum in the past two sessions. There was a drop below the 50% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. Besides, there was a break below a key bullish trend line with support at $1.110 on the hourly chart of the XRP/USD pair. The price is now trading below $1.100 and the 100-hourly Simple Moving Average. It is now approaching the 76.4% Fib retracement level of the upward move from the $0.9988 swing low to the $1.1860 high. On the upside, the price might face resistance near the $1.100 level. The first major resistance is near the $1.140 level. The next key resistance could be $1.1850. A clear move above the $1.1850 resistance might send the price toward the $1.200 resistance. Any more gains might send the price toward the $1.2250 resistance or even $1.2320 in the near term. The next major hurdle might be $1.250. More Downsides? If XRP fails to clear the $1.140 resistance zone, it could continue to move down. Initial support on the downside is near the $1.040 level. The next major support is near the $1.00 level. If there is a downside break and a close below the $1.00 level, the price might continue to decline toward the $0.980 support in the near term. The next major support sits near the $0.920 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.1040 and $1.0000. Major Resistance Levels – $1.1400 and $1.1850.

Ethereum price struggled to extend gains above the $3,220 resistance zone. ETH is slowly moving lower and approaching the $3,060 support. Ethereum is consolidating and facing hurdles near $3,200. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,120 resistance zone. Ethereum Price Dips Again Ethereum price attempted an upside break above the $3,220 resistance but failed unlike Bitcoin. ETH started a fresh decline below the $3,150 and $3,120 support levels. There was a move below $3,100 and the price tested $3,070. A low is formed at $3,069 and the price is now consolidating. It tested the 23.6% Fib retracement level of the recent decline from the $3,224 swing high to the $3,069 low. Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. However, there is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $3,120 level. The first major resistance is near the $3,150 level or the 50% Fib retracement level of the recent decline from the $3,224 swing high to the $3,069 low. The main resistance is now forming near $3,220. A clear move above the $3,220 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,150 resistance, it could start another decline. Initial support on the downside is near the $3,060 level or the trend line. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward $2,880. Any more losses might send the price toward the $2,740 support level in the near term. The next key support sits at $2,650. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,060 Major Resistance Level – $3,150

Analyst predicts Cardano breakout to $0.90 ADA forms bullish symmetrical triangle pattern Network TVL surges 130% since US election day Crypto analyst Dan Gamberdello has unveiled a bullish forecast for Cardano (ADA), projecting a breakout to $0.90 following the asset’s recent consolidation phase. The prediction comes as ADA shows strong technical formation despite a temporary cooling in its recent rally. Cardano Technical Pattern Suggests Imminent Breakout The ninth-largest cryptocurrency, currently trading at $0.73, has retraced 9.7% from its November 16 multi-year high of $0.8117. However, Gamberdello identifies this pullback as a strategic rest period, highlighting the formation of a bullish symmetrical triangle on the 4-hour chart. “Cardano has established a really nice structure, pulling back to the green 20-day moving average,” Gamberdello noted, projecting a potential 21.6% surge upon breaking out of the pattern. Supporting the technical outlook, Cardano’s network metrics have shown remarkable improvement. DeFiLlama data reveals a dramatic surge in Total Value Locked (TVL), jumping from $199 million on election day to $457.9 million, marking a 130% increase. The Cardano ecosystem has witnessed unprecedented social activity, approaching 2 billion impressions on X. This surge in social engagement coincides with growing developer activity and network adoption. With a current market capitalization of $26.1 billion, Cardano’s position among the top cryptocurrencies remains strong. The combination of technical formation, growing TVL, and increasing social presence suggests the potential for continued upward momentum toward the projected $0.90 target.

21Shares XRP ETP surpasses $140M in assets under management Fund shows over 113% growth in past month Multiple firms file for XRP spot ETF amid growing institutional interest European asset manager 21Shares has announced a milestone for its XRP exchange-traded product (ETP), with assets under management (AUM) surpassing $140 million. The announcement marks a new chapter in the growing institutional adoption of the sixth-largest cryptocurrency. 21Shares Ripple XRP ET shows remarkable metrics The 21Shares Ripple XRP ETP (AXRP), launched in April 2019, has demonstrated remarkable performance metrics. Trading on major European exchanges, including SIX Swiss Exchange and Euronext Paris, the fund has achieved a net asset value per unit of $32.92 as of November 18. “The fund’s performance has been exceptional, with 113.25% growth in the last 30 days and 95.32% over the past quarter,” noted the company’s announcement. Year-to-date returns stand at 97.87%, contributing to a lifetime appreciation of 225.32%. The milestone comes amid increasing institutional interest in XRP, particularly following recent political developments in the United States. The prospect of new leadership at the SEC under a pro-crypto administration has sparked renewed optimism for regulatory clarity. “The growth in our XRP ETP reflects broader institutional confidence in the asset,” a 21Shares representative stated. The fund, which is 100% physically backed by Ripple coins, continues to attract institutional investors seeking regulated exposure to the digital asset. The success of 21Shares’ ETP coincides with growing competition in the ETF space. Multiple asset managers, including Bitwise and Canary, have filed for spot XRP ETFs with the SEC. Industry observers speculate that Grayscale, following its September launch of the XRP Trust, may also join the ETF race.

Solana futures open interest hits record $4.7 billion Technical indicators show overbought conditions Price faces crucial resistance at $245 before potential ATH Solana’s (SOL) remarkable price rally has brought it within striking distance of its all-time high, though the cryptocurrency faces significant technical hurdles. As traders pile into SOL positions, market indicators present a mixed outlook for the leading altcoin. Solana Hits Record-Breaking Market Interest Futures Open Interest for Solana has surged to an unprecedented $4.7 billion, signaling massive trader participation in the ongoing rally. This milestone demonstrates growing market confidence, even as the asset confronts key resistance levels. “The surge in open interest approaching $5 billion reflects heightened trader optimism,” market analysts noted. “However, the divergence between price action and market positioning raises important considerations.” Source: Glassnode The Relative Strength Index (RSI) has entered overbought territory, historically a precursor to price corrections. This technical signal, combined with the substantial open interest, suggests potential near-term volatility. SOL currently trades just below the crucial $245 resistance level, the final barrier before a potential new all-time high above $260. A successful breach could trigger further upside, while failure might lead to a retest of $221 support. “The $245 level represents a critical juncture for Solana’s immediate future,” technical analysts observed. “Converting this resistance to support could pave the way for new historic highs.” Despite overbought conditions, Solana’s macro momentum remains strong, supported by increasing adoption and positive market sentiment. Traders are closely monitoring whether SOL can maintain its upward trajectory or if a cooling period is necessary before continuing its ascent.

London, UK, November 19th, 2024, Chainwire Real-World Assets (RWA) are rapidly becoming a strong sector of blockchain adoption, linking tangible assets to decentralized networks to create more transparent, efficient financial systems. ChainBank is uniquely positioned to capitalize on this trend with its multichain Web3 neobank model. The ChainBank team has officially launched the presale of its $CHAINBANK token, offering investors an early opportunity to become part of its innovative ecosystem. Designed to support the platform’s growth and development, the $CHAINBANK token plays a central role in ChainBank’s vision of bridging traditional banking and blockchain technology. Early participants in the presale will gain access to a key project positioned at the forefront of the Real-World Assets (RWA) movement, which is redefining how financial systems operate globally. The $CHAINBANK token presale aims to build a strong community of supporters and contributors who believe in ChainBank’s mission. Proceeds from the presale will be directed towards developing solutions like crypto-to-fiat cards, multichain interoperability, and AI-driven financial tools, all designed to enhance the everyday banking experience. Joining the $47 billion neobank sector, ChainBank introduces multichain interoperability, supporting blockchain networks such as Bitcoin, Ethereum, Binance Smart Chain, and Solana. This functionality provides users with the flexibility to interact across diverse financial ecosystems, catering to both individual and business needs. ChainBank is designed to streamline interactions between crypto and TradFi systems, simplifying transitions for users. Rivaling traditional systems like SWIFT while complementing cryptocurrency exchanges such as Coinbase and Binance. ChainBank enhances utility for Web3 participants, creating an RWA banking protocol similar to Robinhood or Crypto.com. Additionally, the platform integrates with widely used altcoins, fundamental coins like $ETH, $BTC, $SOL, memecoins, and stablecoins like USDT and USDC. Key Features and Upcoming Launch Key offerings include a user-friendly app, a physical crypto card for everyday transactions, and virtual card options. According to its roadmap for Q4 2024 through Q1 2025, the ChainBank team plans to roll out features such as a loyalty program, an affiliate program, and a minimum viable product (MVP) app. These developments are aimed at delivering a seamless experience for users navigating blockchain-based financial solutions. Highlights of the upcoming features: Complimentary first ChainBank card for new users. Virtual card options for instant online payments. Comprehensive card management via the mobile app. Rewards in $CHAINBANK tokens with eligible purchases. Users can discover more by visiting their official website at chainbank.network. The launch is expected soon, and users can follow ChainBank on Twitter to keep up with the most important announcements. About ChainBank ChainBank is a cutting-edge multichain Web3 neobank built for seamless global crypto payments. It empowers users with a unified platform to manage, transact, and interact with digital assets across various blockchain networks. By prioritizing interoperability, efficiency, and security, ChainBank bridges the gap between traditional banking and decentralized finance. Users can explore more about their solutions at chainbank.network. Contact Luke ChainBank [email protected]

Bitcoin price is consolidating gains near the $91,000 zone. BTC is holding gains and might soon aim for more upsides above the $94,000 level. Bitcoin started a fresh increase above the $91,000 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $93,200 resistance zone. Bitcoin Price Could Rally Again Bitcoin price remained supported above the $90,000 level. BTC formed a base and started a fresh increase above the $91,000 level. It cleared the $93,000 level and traded to a new high at $94,000 before there was a pullback. There was a move below the $93,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $89,400 swing low to the $94,000 high. However, the price is stable and consolidating near the $92,000 level. Bitcoin price is now trading above $91,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $89,400 swing low to the $94,000 high. On the upside, the price could face resistance near the $92,600 level. The first key resistance is near the $93,200 level. A clear move above the $93,200 resistance might send the price higher. The next key resistance could be $94,000. A close above the $94,000 resistance might initiate more gains. In the stated case, the price could rise and test the $98,000 resistance level. Any more gains might send the price toward the $100,000 resistance level. Another Pullback In BTC? If Bitcoin fails to rise above the $94,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $91,700 level. The first major support is near the $90,700 level. The next support is now near the $89,500 zone. Any more losses might send the price toward the $87,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $91,700, followed by $90,700. Major Resistance Levels – $92,600, and $94,000.

The Bitcoin price movements have recently formed a bullish symmetrical triangle pattern, a technical indicator that often precedes significant upward momentum. This pattern formation has come amidst a back and forth between $93,477 and $85,970 after the Bitcoin price reached an all-time high of $93,477 on November 14. The observation of this bullish symmetrical triangle was highlighted on the social media platform X by the crypto analyst known as Stockmoney Lizards, who is also credited with developing the Satoshimeter indicator. Symmetrical Triangle Points To A Bitcoin Price Breakout A symmetrical triangle is formed when a descending resistance line and an ascending support line converge, indicating a period of consolidation. As the price approaches the apex of this formation, it typically breaks out in the direction of the prevailing trend. In the case of Bitcoin, the Bitcoin price action on the daily candlestick timeframe has been one of a series of lower highs and higher lows for about the past week. This formation has led to the Bitcoin price trading in an increasingly tightening range, which is ultimately going to breakout in either direction. For Bitcoin, the existing uptrend suggests a potential breakout above the upper trendline of the symmetrical triangle, which is just below $91,000. To confirm such a breakout, analysts look for a spike in trading volume and at least two consecutive closes beyond the trendline. Commenting on this setup, the Stockmoney Lizards stated, “The current setup suggests a potential breakout to the next level. All eyes are on 100k. This is when retail investors will crush the candy store and the real fun will start.” Such a breakout, if confirmed, could lead Bitcoin to establish new highs above the six-digit threshold of $100,000, which in turn would trigger a wave of inflows into other cryptocurrencies. Next Bitcoin Price Target: $100,000 The psychological milestone of $100,000 has been a focal point for Bitcoin enthusiasts and analysts since the beginning of this bull cycle. Notably, the calls for a $100,000 price target have been even more pronounced since the Bitcoin price broke above its March high of $73,737 earlier this month. At the time of writing, Bitcoin is trading at $91,770, having reached an intraday high of $92,653 in the past 24 hours. This means it has effectively broken out of the symmetrical triangle since Stockmoney Lizards’ technical analysis. Interestingly, the analyst highlighted this breakout in an update to his analysis. Now that the breakout of the symmertical triangle has been effectively confirmed, it remains to be seen whether the Bitcoin price can reach the coveted $100,000 price mark before the end of November. All indicators point to go, with the demand for Bitcoin currently far outpacing the supply.

Following a price surge, Solana (SOL) reached a market valuation of nearly $117 billion for a new milestone. As the blockchain ecosystem gains traction, both analysts and investors are beginning to pay attention. This surge reflects the growing appeal of its blockchain, which offers fast, low-cost transactions, making it an attractive option for decentralized applications (DApps) and developers searching for a more efficient platform. Solana’s value boost isn’t temporary. It signals a bigger trend in cryptocurrency investing toward alternative financial systems. As blockchain usage grows, Solana leads due to its technical skills and growing recognition of its possibilities. DeFi Hotspot: Solana’s Growing Influence It’s hard to overlook Solana’s rapid proliferation in decentralized finances (DeFi). On November 17, the network’s infrastructures were credited with among crypto’s highest processed fees to date. Five of the ten most significant fee-charging platforms were built on the Solana blockchain. Raydium, a famous automated market maker, led the list with over $11 million in fees, followed closely by Jito, a liquid staking protocol, with close to $10 million. The surge in activity is being fueled in part by the resurgence of memecoin craze, as investors return to the market with renewed enthusiasm. As the DeFi ecosystem on Solana grows, its capacity to execute massive transaction volumes without breaking the bank positions it as a leading contender in the fast developing blockchain race. Price Predictions: Will Solana Reach $400? With the given upward momentum, analysts are becoming more positive about the Solana prospects. Titan of Crypto has also commented that SOL can possibly reach $400 as it seems to be creating a break out pattern. This pattern is known as Cup & Handle and is seen as a positive signal for further gains, especially when Solana hits its all-time high. Another famous figure in the crypto field, Peter Brandt, has expressed similar comments, saying that Solana’s swing upward will drive its price further higher. Solana’s recent performance supports these predictions—only this week, SOL achieved a high of $248, representing an 11% increase in just seven days. SOL, at the time of writing, was trading at $246. Solana’s surge has also enabled it to surpass Binance Coin (BNB) in market capitalization, cementing its position as the fourth-largest cryptocurrency. This confirms its position as one of the most powerful players in the industry, putting it on course to compete with other important assets, such as the stablecoin USDT. The Road Ahead For Solana However, Solana seems to be poised to continue upward momentum in the future. Solana is very well positioned for future growth thanks to great performance in the DeFi sector, favorable price expectations, and ever-increasing market capitalization. If it is able to maintain the level of performance at present and attract even more developers and users to its ecosystem, then it play an even more important role in the blockchain world in months and years to come. Featured image from Forbes, chart from TradingView

In a series of exchanges on X, Adam Back, CEO of blockchain technology firm Blockstream, projected that Bitcoin could surge beyond $1 million if the United States were to establish a Strategic Bitcoin Reserve (SBR) under President-elect Donald Trump. “If the US Strategic Bitcoin Reserve happens, prepare for 7 figure bitcoin. This cycle. The market is skeptical on meaningful follow through for now, so that is not at all priced in,” Back stated. The bold prediction sparked discussions among industry experts and enthusiasts. James Van Straten, a noted crypto analyst, responded, “7 figures? I don’t think I’m mentally prepared for 6.” Acknowledging the market’s doubt, Back replied, “That’s a fairly big ‘if’ though. At least if we infer from market price, the market thinks a US Strategic Bitcoin Reserve is unlikely. If that becomes real, I’d expect a rapid repricing.” Can Bitcoin Rise To $1 Million Per Coin? The conversation highlights the market’s skepticism regarding the feasibility of the US government accumulating such a significant Bitcoin reserve. Van Straten, like other experts, suggested that a nation might consider “front-running” this potential scenario, to which Back noted, “There’s no good way to buy 1 million BTC other than very, very quietly. Even then, once it leaks, the entire world gets FOMO and a price teleport happens.” Portal, a custodyless interoperability protocol for Bitcoin, weighed in on the discussion via X: “If the US starts one, surely the rest of the world will start to follow suit as well.” This sentiment underscores the potential global ripple effect of a US-initiated SBR on Bitcoin adoption and valuation. Skepticism was also voiced by X user AndyLiteMan (@LiteAndy), who critiqued Back’s astronomical prediction: “As much as that would be exciting, it’s not going to happen. We hear this every cycle.” Back maintained his position, emphasizing the conditional nature of his prediction: “I said ‘if,’ and that market doesn’t believe it so far.” Adding another layer to the unfolding narrative, Dennis Porter, CEO and founder of the Satoshi Act Fund—a US nonprofit advocating for Bitcoin adoption—claimed on November 18 that Donald Trump’s team is considering an executive order to establish a national SBR, as Bitcoinist reported. “I’ve heard that the Trump team is considering an Executive Order for a National ‘Strategic Bitcoin Reserve’ in order to beat any state from passing it into law first,” Porter disclosed via X. “I can confirm that US Senate offices are backing this plan up. Game on President Trump. The race is on.” Porter, deeply involved in legislative efforts surrounding Bitcoin adoption, noted that his information stems from “private conversations with people familiar” with the matter and his direct involvement in promoting SBR language across the United States and internationally. Notably, it is crucial to distinguish between the proposals being discussed. Porter’s reference to Trump’s consideration pertains to an executive order that would establish a national SBR. This contrasts with Trump’s previous suggestion at the Bitcoin 2024 conference to create a strategic Bitcoin reserve by retaining all “seized coins” obtained through law enforcement actions. Furthermore, Republican Senator Cynthia Lummis has introduced the Bitcoin Act, which proposes the US government purchase 1 million BTC over five years, allocating 200,000 BTC per year. Addressing this legislative initiative, Back commented on a Polymarket prediction market screenshot showing a 36% chance for “Will Trump create a national Bitcoin reserve?” He clarified, “Optimistic IMO and depends on what they mean. ‘Not selling seized coins’ is very different from Senator Lummis’ SBR bill to buy 1 million BTC.” The latter could send the Bitcoin price skyrocketing. Back highlighted the logistical challenges of such a substantial acquisition: “There’s no good way to buy 1 million BTC other than very, very quietly. Even then, once it leaks, the entire world gets FOMO and a price teleport happens.” At press time, BTC traded at $92,329.

Bitcoin (BTC) continues its historic price trajectory, trading in the low $90,000 range at the time of writing. However, a trading firm suggests that Bitcoin dominance (BTC.D) falling below a crucial level could signal the start of the long-anticipated altcoin season. Interest Rate Cuts, Trump Administration To Propel Crypto In a recent Telegram broadcast, Singapore-based trading firm QCP Capital shared its crypto market analysis. The firm highlighted Solana’s (SOL) recent performance, noting that it outpaced Bitcoin and Ethereum (ETH) over the weekend, surging more than 17% from Friday’s lows. Despite this, QCP Capital acknowledged that many investors remain hesitant to embrace the prospect of an imminent alt season, given Bitcoin’s steady climb toward the psychologically significant $100,000 mark. Rekt Capital’s analysis supports this sentiment, suggesting BTC is just beginning its parabolic phase. QCP Capital, however, predicted that a combination of Donald Trump’s victory in the US presidential election and interest rate cuts by the Federal Reserve (Fed) could set the stage for a full-blown altcoin season in the coming months. Trading Firm Identifies Key Bitcoin Dominance Threshold For Altseason According to QCP Capital, altcoins historically outperform major cryptocurrencies once the latter consolidate after significant rallies. The firm explained: Currently, BTC.D stands at 60.10%. A look at the weekly chart shows that Bitcoin dominance has been on a steady uptrend since November 2022, when it hovered at 39.92%. Over this two-year period, most altcoins have underperformed Bitcoin significantly. However, altcoins have recently shown signs of recovery, coinciding with the growing likelihood of a pro-crypto Trump administration. Digital assets like SOL, Cardano (ADA), and XRP have significantly outperformed BTC in the past few weeks. QCP Capital’s analysis aligns with that of crypto analyst @MikybullCrypto, who predicts BTC.D will decline starting in December. According to the analyst, altseason could begin toward the end of November and last until March 2025. Some analysts believe Bitcoin may continue its rally before showing signs of weakness. For instance, Fundstrat’s head of research, Tom Lee, recently stated that BTC is on track to reach $100,000 before the end of the year. That said, the altcoin market cap recently surged past a key resistance level, indicating that altcoin season might be closer than expected. At press time, BTC trades at $91,760, trading flat in the past 24 hours.

The long-awaited rally in the XRP price may be coming to a fast end, as a crypto analyst has predicted a 40% crash for the cryptocurrency. Despite XRP’s recent bullish momentum breakthrough to the $1 mark, the analyst has revealed that XRP is showcasing a Gravestone DOJI candlestick formation, signaling a bearish outlook for the cryptocurrency. XRP Price Expected To Crash 40% A crypto analyst identified as ‘Without Worries’ on TradingView has released a detailed analysis of the XRP price action, projecting a 40% crash in the short term. The analyst emphasized that this 40% decline could happen in days, with XRP set to witness a significant reversal from its recent price highs. According to the TradingView crypto expert, the XRP price action witnessed an impressive 150% gain over the past 10 days. This price increase fueled its rise to the $1 milestone for the first time in three years. Despite these bullish developments, the analyst has highlighted several reasons and technical indicators that point to an imminent trend reversal and price correction for XRP. In the XRP price chart, the analyst identified and confirmed the Gravestone DOJI, a bearish candlestick pattern that appears during market tops and signals the potential for a price correction. The Gravestone DOJI candle indicates that buyers who had tried to push the price of XRP higher were significantly overwhelmed by sellers set on profit-taking. Another indicator that suggests that the XRP price could be preparing for a significant correction is the Relative Strength Index (RSI) and Money Flow Index (MFI) support breakouts. The RSI measures the speed and changes in an asset’s price movements, indicating whether it is overbought or sold. On the other hand, the MFI considers both price and volume, highlighting where the money is flowing. A support breakout in XRP’s RSI signals a potential trend reversal due to an overbought market. A breakout in MFI, which the analyst has stated is a very noteworthy indicator, suggests that funds are leaving an asset, ultimately signaling weakening buying pressure. More Factors That Suggest An Upcoming Crash As mentioned earlier, the TradingView analyst has predicted that the XRP price may crash by 40%, meaning the cryptocurrency could drop from its current value of $1.11 to $0.66. In addition to the factors above, the market expert has stated that XRP’s price action is currently outside the Bollinger bands, which measure an asset’s price volatility. The analyst has revealed that 95% of price actions occur within the bands. Hence, prices outside the Bollinger bands often signal a pullback or correction toward the mean point at $0.73. Moreover, he noted that the bands are curving inwards, suggesting that XRP buyers may be exhausted, increasing the likelihood of a price reversal. Furthermore, the TradingView crypto analyst highlighted that most traders are either long or bullish on XRP, which is a contrarian signal for the cryptocurrency’s price outlook. While he acknowledges a possibility for a continuous upward trend for XRP, the analyst has also noted that present indicators suggest a low probability.

On Tuesday, Matthew Sigel, the head of digital asset research at asset management firm and crypto exchange-traded fund (ETF) issuer VanEck, officially endorsed President-elect Donald Trump’s proposal for a national strategic Bitcoin reserve. Major Financial Players Align This endorsement comes as discussions about BCT’s role in US economic policy are intensifying, most notably with Dennis Porter, co-founder and CEO of the non-profit Satoshi Action Fund (SAF), reaffirming BlackRock’s support for the strategic Bitcoin reserve. Porter emphasized that the Trump administration is actively working towards creating this reserve through an executive order, highlighting a significant alignment among major financial players and lawmakers regarding Bitcoin’s future. During a series of social media posts on X (formerly Twitter), Porter also outlined a series of steps he believes will facilitate the establishment of the strategic Bitcoin reserve, suggesting that the process will begin with Trump appointing a pro-Bitcoin Treasury Secretary. Key Steps For Establishing A US Strategic Bitcoin Reserve Porter asserts that Donald Trump would then sign an executive order to create the reserve, which would also involve halting the auction of Bitcoin currently held by the US Marshals Service. The next phase would see the Treasury absorb these Bitcoin assets and place them into the Exchange Stabilization Fund. Over time, the Treasury would continue to accumulate Bitcoin for the reserve. Porter also noted the importance of legislative support, stating that since executive orders can be easily reversed, it would be crucial for Congress to pass a formal bill establishing the strategic reserve, spearheaded by pro-crypto Senator Cynthia Lummis. The potential for a US strategic Bitcoin reserve has generated substantial excitement in the market, contributing to Bitcoin’s recent surge to an all-time high of $94,000. This reflects growing confidence among investors and speculation that such government actions could lead to significant buying pressure and further institutional adoption. At the time of writing, BTC has fallen back to $93,380 after hitting its new all-time high, marking a 40% increase in just two weeks. Featured image from DALL-E, chart from TradingView.com

Bitcoin (BTC) has achieved a historic milestone, reaching $94,000 for the first time, fueled by a significant uptrend since November 5, the day President-elect Donald Trump secured his re-election. Trump’s promise to bring regulatory clarity to digital assets has ignited a strong rally, with BTC recording a 40% increase in just two weeks. ‘Prepare For Possible Seven-Figure BTC Prices’ This surge reflects increased buying pressure and correlates with growing inflows into Bitcoin exchange-traded funds (ETFs). Yet, speculation surrounding a potential US Bitcoin strategic reserve has further bolstered investor confidence. Blockstream CEO Adam Back, a long-time advocate for Bitcoin, has suggested that if the US were to establish a strategic Bitcoin reserve, investors should prepare for the possibility of seven-figure Bitcoin prices in this market cycle. Back stated: Market expert Anthony Pompliano highlighted that discussions around this initiative are intensifying as pro-crypto Senator Cynthia Lummis has introduced legislation to put the reserve into action, while Trump has previously committed to utilizing the approximately 200,000 BTC already held by the US government. Bitcoin To $150,000 In 2025? Despite these proposals, Pompliano argues that they do not go far enough. He advocates for a more aggressive approach, suggesting that the US should print $250 billion on the first day of Trump’s presidency and invest the entire amount into Bitcoin. Pompliano outlines that the proposed $250 billion investment could purchase nearly 2.8 million BTC at the current price. However, recognizing that the US government’s purchases would likely influence market prices, he estimates the average purchase price could rise to $150,000 per coin, resulting in the acquisition of approximately 1.6 million BTC. Combined with the 200,000 Bitcoin already held, this would position the US as the largest holder of Bitcoin globally, with a total of 1.8 million BTC. Pompliano asserts that this strategy, while seemingly costly, would represent a prudent financial move with the potential for significant long-term benefits. At the time of writing, BTC is trading at $93,770, up 5% on the weekly time frame. Featured image from DALL-E, chart from TradingView.com

Bitcoin (BTC) has held steady above the $88,000 mark over the past few days, showcasing resilience as the broader market anticipates its next move. Price action remains robust, leaving investors waiting for lower prices frustrated, as BTC shows no signs of providing an easy entry point anytime soon. Key data from CryptoQuant reveals that long-term holders (LTHs) are currently in an active distribution phase, signaling increased selling activity from this group. Despite this, the market has absorbed the additional supply without significant price impact, highlighting the strong demand supporting BTC at these levels. As Bitcoin consolidates just below its all-time highs, traders and analysts are closely watching whether the current momentum will lead to a breakout or if a retracement is on the horizon. The balance between rising demand and LTH distribution will likely determine BTC’s near-term trajectory. Can Bitcoin Set New ATH This Week? Bitcoin is on the brink of breaking its all-time high (ATH) again this week, sitting just 2% below the $93,483 level set last Wednesday. Excitement is building as analysts and investors closely watch BTC’s price action, anticipating whether it will surge past this critical level or enter a prolonged consolidation phase. While the bullish momentum remains strong, the possibility of a sideways movement could keep the price range-bound for an extended period before the next significant move. Data from CryptoQuant analyst Axel Adler highlights that long-term holders (LTHs) are currently in an active distribution phase. Despite this, the increased supply has not significantly impacted Bitcoin’s price, thanks to strong demand that continues to absorb selling pressure. This dynamic reflects the robust market interest that is supporting BTC near its record highs. Adler’s analysis also points to the LTH Spending Binary Indicator, which signals peak spending activity among LTHs. At the same time, the growing LTH supply suggests that a portion of long-term holders remain confident in BTC’s future price potential. These factors create a unique environment where high demand offsets distribution, keeping the bullish momentum intact. As Bitcoin flirts with its ATH, market participants await confirmation of whether the price will push into uncharted territory or pause for consolidation. The outcome will likely set the tone for BTC’s trajectory in the coming weeks, with investors betting on the continued upside in this resilient rally. BTC Price Action: Key Levels To Hold Bitcoin is trading at $91,820, following several days of sideways consolidation just below its all-time high (ATH). Despite the pause, BTC has maintained its position above the $87,000 support level since the last breakout, signaling its importance as a crucial line for bulls to defend. Holding this level is vital for sustaining upward momentum and setting the stage for Bitcoin to push into uncharted territory. However, a drop below $87,000 could shift market sentiment, likely triggering a correction as BTC searches for fresh demand. The next logical support zone lies around the $80,000 mark, with the potential for a deeper pullback if selling pressure intensifies. Such a retrace would provide an opportunity for sidelined buyers but could temporarily stall BTC’s rally. Bitcoin’s price action remains robust, bolstered by demand that continues to outpace supply. This strong market interest has mitigated the impact of profit-taking and selling activity, keeping the broader uptrend intact. As BTC consolidates near its ATH, traders closely watch key levels to determine whether the next move will be a breakout to new highs or a dip to test lower support zones. Either outcome will likely shape Bitcoin’s trajectory in the coming weeks. Featured image from Dall-E, chart from TradingView

Increased demand for liquidity and trading activity is reflected in the growth of the stablecoin market cap. The netflow of USDT to exchanges has surpassed $1.8B, which coincides with a rising market valuation. With a total supply of almost $176.2 billion, stablecoins are at an all-time high. Token Terminal data shows that stablecoin supply has been rising again after a dip in the middle of 2022 and the beginning of 2023. When it probably reflected wider market retracements during the crypto winter. There has been a steady increase in the aggregate supply ever since. Although the total amount of stablecoins has exploded, the market capitalization of the most valuable of these assets has grown at an even faster rate. Market capitalizations of Tether (USDT) and Circle (USDC) increased by 7% and 6%, respectively, with $8 billion and roughly $2 billion in additions since November 5th, according to statistics by CoinMarketCap. Purchasing Power on the Edge Moreover, to keep the cryptocurrency markets liquid, stablecoins—which are usually tied to the dollar—are needed as a reserve to buy assets. On international exchanges, USDT is the most actively traded cryptocurrency. Although USDC is frequently utilized on US platforms such as Coinbase and DeFi networks. Increased demand for liquidity and trading activity is reflected in the growth of the stablecoin market cap. It is often believed that this tendency will lead to an increase in market activity. As a demonstration of faith in the market, investors who own stablecoins are effectively hoarding “dry powder” that may be used when needed. New data from CryptoQuant shows that the netflow of USDT to exchanges has surpassed $1.8 billion. Which coincides with a rising market valuation. This dramatic rise in stablecoin influx shows that purchasing power has skyrocketed. This pattern is indicative of investors preparing for possible market movements. Highlighted Crypto News Today: Brazil’s CBDC Pilot Enters Phase 2, Leveraging Blockchain and Oracles

San Fransisco, USA, November 19th, 2024, Chainwire The Keanu (KNU) token, a new Solana-based meme coin inspired by cultural icon Keanu Reeves, has officially hit the market via a fair launch on Pump.fun. The release comes amid a surge in meme coin market activity, with the Keanu team positioning the project as a community-driven initiative leveraging viral potential. The broader meme coin market has seen massive growth in recent months, with notable projects contributing to an industry market cap of $125 billion. The team aims to capitalize on this momentum with a token launch designed to appeal to a broad demographic, from crypto enthusiasts to pop culture fans. This launch perfectly aligns with what investor and commentator Murad Mahmudov has described as an unprecedented “meme coin supercycle,” creating fertile ground for viral, community-focused crypto projects. Keanu (KNU): A Cultural and Community-Driven Token Keanu leverages the widespread popularity and meme culture heritage of actor Keanu Reeves, a figure celebrated across generational and cultural divides. The token seeks to distinguish itself through its ethos, emphasizing positivity and inclusivity—triggering speculation that this could be the making of a new crypto cult. Keanu’s branding incorporates community-oriented principles such as “Be Excellent to Each Other,” signaling a departure from the often intense and competitive nature of the crypto landscape. The team behind Keanu plans to cultivate an engaged community by focusing on a balance between entertainment and functionality. This strategy positions the token as an accessible entry point for new users exploring the world of cryptocurrencies while fostering a strong connection with existing crypto participants. Bridging Pop Culture and Cryptocurrency Meme coins have historically gained traction for their simplicity and relatability, making them an accessible entry point for newbies. While Dogecoin has been the most prominent example of a meme coin achieving mainstream recognition, the Keanu project seeks to expand on this foundation, offering a culturally resonant alternative designed to engage a diverse audience. Unlike many projects that rely solely on novelty or fleeting trends, Keanu’s developers emphasize its potential for sustained community growth. By targeting both experienced cryptocurrency participants and mainstream audiences, the token aspires to build a broader cultural and economic bridge between these spaces. Exploring Keanu’s Adoption Potential Keanu launches with a total supply of 1 billion KNU tokens, structured to encourage widespread participation. The project’s debut on Pump.fun represents the first phase of its roadmap, with plans for additional listings to follow. By tapping into Keanu Reeves’ universal popularity and the current momentum of the meme coin market, the token seeks to carve out its place in the evolving crypto landscape. For updates on the project’s progress, Keanu encourages the community to follow its official channels on X (formerly Twitter) and Telegram. About Keanu Keanu (KNU) is a meme token built on the Solana blockchain. It prioritizes community engagement and inclusivity, aiming to foster a positive cultural movement within the cryptocurrency space. The token launched via a fair listing on Pump.fun, with plans for expanded availability on decentralized exchanges and additional trading platforms. Contact Keanu [email protected]