Dogecoin has rocketed up with a rally of over 150% during the past week as on-chain data shows the return of sharks and whales on the network. Dogecoin Sharks & Whales Have Seen Their Count Grow Recently According to data from the on-chain analytics firm Santiment, the sharks and whales have shown a reversal in their count recently. The indicator of relevance here is the “Supply Distribution,” which tells us, among other things, how many addresses belong to a particular Dogecoin wallet group. Addresses are divided into these cohorts based on the number of tokens they carry in their current balance. For instance, the 1 to 10 coins group includes all wallets holding between 1 and 10 DOGE. The Supply Distribution for this specific cohort would tell us about the total number of network addresses that satisfy this condition. In the context of the current discussion, two address ranges are of interest: 0 to 100,000 coins and 100,000+ coins. The former comprises the small investor groups of the sector, like retail, while the latter includes the large entities like sharks and whales. Generally, the influence of any address on the network increases the more they carry, so the sharks and whales, with their large holdings, can be considered key cohorts of the memecoin. Naturally, the whales are the more important of the two, as they have more massive bags. Now, here is the chart shared by the analytics firm that shows the recent trend in the Dogecoin Supply Distribution over the last few months: As displayed in the above graph, the Dogecoin Supply Distribution has been going up for the 0 to 100,000 coins group for a while now, suggesting more investors of this size have been popping up on the blockchain. More particularly, 74,885 new addresses have appeared inside this range over the last four weeks. During this same window, the 100,000+ tokens cohort has seen a downtrend in the indicator, which suggests some big-money investors have been clearing out their holdings. That said, while 350 Dogecoin sharks and whales have left the network over the past month, things appear to be turning around for the better on smaller timeframes. Around 108 wallets of this size have cropped up on the network in the last couple of days, which would explain where the fuel for the memecoin’s impressive rally has come from. At present, both retail and large holders are witnessing a rise on the network, but it only remains to be seen whether this momentum lasts. Naturally, the uptrend in the Supply Distribution of the sharks and whales is of more significance, given their placement in the market. DOGE Price At the time of writing, Dogecoin is trading around $0.383, up over 21% over the last 24 hours.

Solana’s capability to head the DeFi sector has come under scrutiny. The platform has been promoting itself as capable of global-scale transactions on a single chain, but now it’s looking at Layer 2 solutions to improve scalability. Its recent shift from a single-chain model to network extensions has raised concerns about Solana’s ability to serve as a global financial backbone. Meanwhile, FXGuys ($FXG) has become one of the high-potential altcoins on investors’ watchlists. Investment interest in FXGuys continues to grow stronger, showing its potential to outperform in Q4. Thanks to its innovative DeFi offerings, FXGuys is getting massive support, making it the best crypto to buy now. >>>BUY $FXG TOKENS HERE<<< Solana’s (SOL) Reach For DeFi Dominance Might Not Happen Solana’s scaling approach has shifted, with the platform moving from a monolithic single-chain model to Layer 2 solutions known as network extensions. They’ve discovered that they can’t process global transactions independently and adopted Ethereum’s successful L2 strategy. Unfortunately, centralization and scalability issues are still big issues for Solana. Some of Solana’s barriers are technical bottlenecks, such as its dependence on a single client and the delayed release of Firedancer, its second client. These issues have affected its capacity to carry out decentralized operations and increased its need for high bandwidth. Frequent outages and lack of protocol-level final backup have created centralization risks and limited accessibility. Concerns over Solana’s insider-heavy token distribution also complicate its goal of decentralization, as roughly 98% of initial allocations were insider-held. With large firms like Coinbase and Visa backing Ethereum’s L2 solutions, the shift toward Ethereum’s ecosystem suggests Solana’s market share could diminish. Although it’s still one of the trending altcoins, Solana’s potential for DeFi dominance faces growing doubt among investors. >>>BUY $FXG TOKENS HERE<<< FXGuys ($FXG) Offerings Shows Strong Appeal As The Best Crypto To Buy Now FXGuys is a prop firm with a DeFi-focused approach that combines prop trading benefits with a unique Trade2Earn. By holding $FXG tokens, traders gain access to a prop account with up to $500,000 in capital, allowing them to participate in crypto and forex markets. Each trade rewards users with additional $FXG tokens, providing a recurring income stream for active traders. The platform also offers staking rewards, with 20% of the trading revenue allocated to $FXG token holders who stake their assets. This model aligns well with the goals of passive investors seeking steady returns, making FXGuys the best crypto to buy in the DeFi market. FX Guys’ innovative offering of no KYC requirements and quick payouts in crypto has earned it the support of investors worldwide. The FXGuys presale is currently in the first stage, selling $FXG tokens at just $0.03. This low entry price has attracted lots of attention, with investors expecting gains as $FXG targets a listing price of $0.1. As one of the top trending altcoins, FXGuys is positioned to become a top DeFi platform, offering life-changing returns for those investing early. >>>BUY $FXG TOKENS HERE<<< Conclusion Although Solana’s shift to Layer 2 solutions has raised questions about its capability, SOL is bullish. Meanwhile, the FX Guys continue winning investor interest with their innovative DeFi features. With its presale success and strong investor support, FXGuys stands out as one of the high-potential altcoins for those looking to profit from DeFi growth in Q4. To find out more about FXGuys follow the links below: Website | Whitepaper | Socials | Audit Exclusive FXGuys Promo Code: USE PROP10 FOR 10% BONUS Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Italy announced that it would reduce the percentage of crypto tax from 42%. Several countries have begun reexamining their crypto stance amid the historic market bull run. The USA has been shifting major blocks within the crypto regulatory landscape over the last few days alone. Particularly, President-elect Donald Trump in the last 24 hours, announced the initiation of the Department of Government Efficiency (DOGE) appointing Elon Musk and Vivek Ramaswamy in leading positions. On the other hand, these positive movements are taking effect on the European end. Italy’s government recently stated that it is considering reducing crypto taxes. Bloomberg reported that sources have confirmed the Italian Prime Minister Meloni’s recent discussions on cutting the tax. This news comes in between several countries hitting new milestones with their Bitcoin reserves. Moreover, Meloni’s government, as per reports, might cut the tax rate down to 28% from 42% on crypto earnings. The country has shown hostility to cryptocurrency in the past few months. Recently, on October 31st, the country’s finance minister expressed concerns about digital assets holding ‘high levels of risk’ and reaffirmed the 42% tax. However, the current change of attitude was initiated by the League, a coalition of Meloni who filed an amendment to limit the tax increase. Meanwhile, another Italian party has advocated for the complete removal of tax increases and even suggested tax exemptions until particular profit margins. Is Italy a Stand Alone in Nations’ Attitude Change to Crypto? The past week particularly, the last few days has been crucial for the cryptocurrency sector. Bitcoin’s change in value has seen several nations such as Bhutan and El Salvador hike in their Bitcoin reserves. Moreover, Tesla’s BTC holdings also hit new milestones. This has caused other anti-crypto nations to reexamine their skepticism towards digital assets. Additionally, market experts have stated that several other countries can be expected to initiate Bitcoin reserves and store capital in digital asset forms. Italy, in the past, had shown stringent attitudes towards crypto regulations. Recently, in July, the Bank of Italy announced the launch of MiCA crypto regulations. These regulations were aimed at ‘protecting the holders’ as per reports. Highlighted Crypto News Today: Memecoin Peanut the Squirrel (PNUT) Inches Closer to $1 After 90% Surge

Peanut the Squirrel (PNUT) soared 1505.29% since its debut in early November. The memecoin’s market cap surpassed the $900 million mark. Solana-based memecoin Peanut the Squirrel (PNUT) surged over 97.3% over the past 24 hours to mark its new all-time high (ATH). Notably, Elon Musk’s recent tweet on X, mentioning a ‘squirrel and meme coin’ as the saviors of America, emerged as the stimulus behind the price rally. Certain activities of Tesla’s CEO on social media have fueled the rallies of several memecoins. Dogecoin (DOGE) is the biggest beneficiary, as Musk has both directly and indirectly endorsed the coin. Recently, PNUT has emerged as another memecoin in this category alongside DOGE. This memecoin gained attention during the pre-election phase, recording impressive price rallies. Recently, crypto exchange Binance announced the listing of PNUT alongside another AI-related memecoin, ACT (Act I: The AI Prophecy), sparking a rally in both coins and turning heads in the crypto community. So, how did PNUT rise to fame, and what is its connection to Elon Musk? Here’s a brief story. In early November, PNUT originated in the crypto meme space to honor ‘Peanut,’ the squirrel euthanized by New York’s Department of Environmental Conservation (DEC). Musk supported the animal’s justice on X, thereby spurring the story’s visibility on the internet. Since its debut, PNUT price surged over 1627%, claiming a market share of $931 million. At press time, the memecoin traded at $0.9337. Peanut the Squirrel (PNUT) Price Trend Analysis 30 months ago, the crash of Terraform Labs’ altcoin Terra Classic (LUNC), previously LUNA, from a high of $119 to $0, triggered the 2022 crypto bear market. Amid the ongoing crypto bull run, Solana memecoin PNUT jumped 147% from $0.3854 to $0.9890 in the last 30 hours. The hourly price chart shows the bullish trend of PNUT’s current price action. Meanwhile, investor sentiment around the memecoin appears bullish, as two metrics — On-Balance Volume (OBV) and Chaikin Money Flow (CMF) — indicate this. The rise in OBV highlights increasing buying pressure, while the increase in CMF points to more capital flowing into PNUT. According to CoinMarketCap data, the daily trading volume of Peanut the Squirrel (PNUT) spiked 39.5% to reach $1.78 billion. Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment or financial advice. TheNewsCrypto team encourages all readers to do their own research before investing. Highlighted Crypto News Today Trump Appoints Elon Musk and Vivek Ramaswamy to Lead DOGE

Vitalik Buterin highlighted Ethereum’s upgrades for decentralization, censorship resistance, and quantum security. Despite the bullish crypto market, ETH struggles to break $3,500, facing resistance. At the much-anticipated Devcon 2024 in Bangkok, Vitalik Buterin, the co-founder of Ethereum, shared exciting updates on the network’s future. He outlined key upgrade plans to enhance decentralization and censorship resistance and prepare for quantum computing threats. The report said that Buterin highlighted Ethereum’s goal to scale, aiming for over 100K transactions per second on layer-2 solutions, which would enable the network to support a wider range of applications such as Ethereum Name Service (ENS), consumer payments, social apps, and even a blend of financial and non-financial services. According to Vitalik, one of Ethereum’s most pivotal milestones was its transition from Proof of Work (PoW) to Proof of Stake (PoS). This shift not only reduced the network’s energy consumption but also strengthened its security and decentralization, marking a significant step toward Ethereum’s long-term sustainability. Recently, Vitalik has been more active on social media, offering detailed and clear clarifications to help users better understand the Ethereum ecosystem, aiming to expand its reach. Meanwhile, Ethereum’s native crypto, Ether, seems to be lagging, not benefiting as much from the current bull run. ETH Struggles to Break $3,500 Mark Amid Bullish Market Despite the global excitement surrounding the crypto market, ETH has struggled to break the crucial $3,500 mark, which many analysts believe could trigger a major bull run. Ethereum’s price tested support at $2,414 on November 6, the day of the election, and then surged by over 42% until November 13. However, such a large rally could lead to a pullback. Ethereum (ETH) Price Chart (Source: TradingView) Over the last 24 hours, ETH saw a decline of 9.37%, dropping to an intraday low of $3,121 after briefly hitting a four-month high of $3,444 earlier today. By the time of writing, ETH was trading around $3,145, showing a slight recovery from the intraday low. The RSI on the 4-hour ETH/USDT chart is at 47, indicating that Ethereum is neither overbought nor oversold. It falls within a neutral range, suggesting that market sentiment is balanced. There’s no clear buying or selling pressure, so the price might continue to move sideways or follow overall market trends without a clear reversal signal. Additionally, Ethereum is trading below its 9-day EMA of $3,230. If it pulls back further, it could drop by around 5% to 12%, potentially testing the $2,800 level or even falling to $2,460, a price level that triggered buying pressure on November 6. Highlighted News Of The Day Can Solana Bulls Maintain Momentum After 8% Drop?

Solana’s surge faces market fluctuations and 8% price correction. SOL remains 15.7% below its all-time high, but bullish. Solana (SOL) captivated the crypto community as it recently surged above $225, hitting its highest point in nearly three years. This rally, which briefly brought SOL’s market cap into the coveted $100 billion “club,” marks a significant milestone in the ongoing bullish phase called “Moonvember.” Despite an overall 8% weekly increase, recent market shifts tempered the celebration, with Solana experiencing a 7% decline in the past 24 hours as the global crypto market cap fell 3.7%. Despite the 24-hour setback, SOL’s performance over the past week still showcases the strong sentiment. Notably, SOL remains 21% below its all-time high of $259, achieved in November 2021. Recent analysis suggests that if Solana maintains its hold above the $200 level—a barrier breached for the first time in six months—the asset could continue its upward trajectory, especially with key support in the $180–$200 range. Moreover, Solana’s Open Interest (OI) hit a record $4.28 billion earlier in the month but has since dropped by 5.18%, suggesting a possible shift toward profit-taking. Simultaneously, the trading volume surged by over 55%, highlighting strong ongoing interest despite slight bearish indicators, including a long/short ratio near 0.95. These mixed signals indicate a balance between bullish enthusiasm and caution. SOL Price And Demand Adding to the dynamics, approximately 524,030 SOL tokens (worth $110.25 million) are set for release, an increase that may slightly affect price momentum if demand does not keep pace. However, this minor influx into the circulating supply is unlikely to significantly impact SOL’s price given the current market strength. SOL Price Chart, Source: Sanbase Looking forward, analysts predict a potential continuation of the rally, with some speculating that Solana could break into a long-term uptrend reminiscent of its 2021 performance. If historical patterns hold, SOL could potentially reach a $1,000 valuation, especially given the strong trading volume and recent breakout above key resistance levels. Highlighted News Of The Day Bitget Re-enters UK Market with 150 Tokens Following FCA Approval

Trump appoints Musk and Ramaswamy to lead the Department of Government Efficiency (DOGE). DOGE will focus on reducing government waste, cutting regulations, and restructuring agencies. President-elect Donald Trump announced Tuesday that Elon Musk and Vivek Ramaswamy will co-lead the new Department of Government Efficiency (DOGE). Trump selected Musk, the CEO of Tesla and SpaceX. Along with Ramaswamy, a former Republican presidential candidate, to head an effort focused on dismantling bureaucracy, slashing regulations, and reducing waste across federal agencies. Their work is set to conclude by July 4, 2026, to commemorate the 250th anniversary of the Declaration of Independence. Trump’s plan gives Musk and Ramaswamy a unique, external advisory role, bypassing Senate approval and formal government positions. Instead, the two will collaborate closely with the White House and the Office of Management and Budget (OMB) to drive large-scale reforms. Trump’s New Efficiency Team Trump emphasized that the pair’s influence from outside government will create an “entrepreneurial approach never seen before.” Musk noted that DOGE aims to “send shockwaves through the system” and target individuals tied to government waste. Musk and Ramaswamy’s appointments reward two high-profile Trump supporters who contributed significantly to his election campaign. Musk’s advocacy for efficiency aligns with his cost-cutting measures at Twitter, now X, where he famously reduced staff and streamlined operations. Trump has long discussed this government efficiency initiative, promising in September that it could save trillions by eliminating fraud and improper payments. Experts, however, doubt that such ambitious cuts are achievable, with critics warning that deeper reductions would require targeting core programs like Medicare and defense. As Trump seeks to reshape government, both Musk and Ramaswamy are committed to posting DOGE’s actions online for transparency. Ramaswamy added on X, “SHUT IT DOWN,” underscoring his goal to eliminate what he calls wasteful federal agencies. This unprecedented partnership could signal a new era of government reform. Highlighted Crypto News Today Will BONK Break Key Resistances to Fuel Further Gains?

Ethereum (ETH) appears to be finally waking from its slumber, surging nearly 37% in the past week following Bitcoin’s (BTC) all-time-high (ATH) rally. Spot Ethereum ETFs Record Daily Inflows Ethereum, the second-largest cryptocurrency with a market cap of approximately $404 billion, is now gaining ground on BTC, with the platform’s ETH token jumping more than 35% over the past week. While the broader digital assets market has been buoyed by Donald Trump’s victory in the 2024 US presidential election, additional factors may also be driving the recent industry boom, especially for ETH. A key data point is the substantial inflow of funds into spot ETH ETFs. On November 11, US-based spot ETH ETFs attracted a record $295 million in daily inflows, the highest amount to date. In comparison, the previous peak for daily inflows into spot ETH ETFs was $106 million, recorded on the first day these ETFs launched in July 2024. According to data from SoSoValue, the record inflows were led by Fidelity’s FETH ETF, which drew in $115.48 million. BlackRock’s ETHA followed with $101.11 million, Grayscale’s ETH with $63.32 million, and Bitwise’s ETHW with $15.57 million. At the time of writing, the total value of net assets held across various spot ETH ETFs stands at $9.72 billion, representing just over 2.41% of Ethereum’s total market cap. Meanwhile, cumulative net outflows from all spot ETH ETFs amount to $41.30 million. ETH Price Action And Resurgence In DeFi Renewed interest from institutional investors in Ethereum ETFs amid record daily inflows appears to be contributing positively to ETH’s price action. Throughout much of 2024, ETH lagged in price performance among major cryptocurrencies such as BTC and Solana (SOL). However, Q4 2024 holds potential for a dramatic turnaround in ETH’s momentum. Analysis shared by Leon Waidmann, Head of Research at Onchain Foundation indicates that ETH staking levels are at an ATH, while the token’s reserves on crypto exchanges is heading toward record lows. This combination of record-high staking levels and reduced supply on exchanges suggests a potential supply squeeze, which could trigger a parabolic rally for ETH. Additionally, the ETH/BTC ratio seems to be recovering after prolonged losses, with the trading pair rising from 0.034 to 0.040 before dipping to 0.037 at the time of writing. The next major resistance for this pair lies around 0.040, and a successful breakout from this level could lead to more gains for ETH over BTC. At press time, ETH sits about 32% below its ATH value of $4,878 recorded in November 2021. Further, Ethereum’s decentralized finance (DeFi) activity seems to be picking steam. Data from DefiLlama shows that the total value locked (TVL) across Ethereum-based DeFi protocols currently sits at $62.36 billion, up from about $24 billion in November 2023. Over half of this TVL is tied to the ETH staking platform Lido, which holds close to $33 billion. Lido is followed by the DeFi lending protocol Aave with $15.21 billion and EigenLayer with $14.57 billion. That said, concerns remain regarding ETH’s “ultrasound money” narrative due to the token’s high issuance rate. At press time, ETH trades at $3,291, up 3.1% in the past 24 hours.

BONK surged over 10%, trading at $0.00003212. The trading volume of the meme coin has soared over 175%. The global cryptocurrency market exhibits mixed signals, with assets fluctuating between gains and losses. The recent recovery of major assets has extended support to meme coins. However, at press time, prominent meme coins like DOGE and SHIB are recording double-digit declines. Despite this, the Solana-based meme coin BONK leads the pack of gainers in the early hours. The asset currently manages to settle within the top five gainers and chooses a bull run for the day. Breaking past a crucial resistance level at $0.00002841, BONK currently trades at $0.00003212, with a 10.38% gain. The meme coin’s price climbed from a low of $0.00002663 to a high of $0.00003965. In addition, BONK’s daily trading volume has reached $2.31 billion. The market has recorded $7.18 million worth of BONK liquidated in the past 24 hours. The upside trajectory of BONK over the past seven days recorded over 47% gain. The meme coin began the week trading at a low of $0.00002197, and eventually, the asset ascended to the current trading marks. Are New Highs Within Reach for BONK? BONK’s ongoing market sentiment is neutral, as the daily relative strength index (RSI) settles at 62.78. The four-hour frame of the asset unveils the short-term 9-day moving average above the long-term 21-day moving average. The daily price chart of BONK suggests the recent upside correction. If the bulls could maintain the current momentum, the price of the meme coin might likely hit a high of $0.00003828. Further gains might push the price of BONK to hit high targets. On the support side, if BONK loses its grip on the upside, the meme coin could retreat to its support zone at $0.00002583. A steady decline could unfold if the meme coin continues to retreat. Besides, the technical analysis highlights the Moving Average Convergence Divergence (MACD) line over the signal line, exposing the meme coin’s upward momentum and the incoming bull run. BONK chart (Source: TradingView) The Chaikin Money Flow (CMF) indicator is positioned at 0.17, which denotes the positive money flow and buying interest. Meanwhile, BONK’s trading volume has increased by over 175%. Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing. Highlighted Crypto News Bitcoin Price Steadies at $86K Post Bull Run Hitting $89K Milestone

Bitcoin price has factored in a modest price drop of 1.99% in the last 24 hours. The cryptocurrency’s daily trading volume has also dropped by 8.99% as per CMC data. This year has marked its place in Bitcoin history with one of the most significant rallies. Cryptocurrency has become a familiar word, reaching new corners of the world as eyes turn to the US post-elections. Meanwhile, President-elect Trump continues making moves on the regulatory end, fostering innovation and growth. The largest cryptocurrency, Bitcoin ended its two-day streak of upward movements with a modest price dip in the last 24 hours. Other altcoins such as Ethereum have also reflected this drop. BTC’s daily price data shows a 1.99% price drop factored in by the digital asset. This price cycle began at $88,838 on November 12 and rallied to a new ATH of $89,956. At the time of writing, Bitcoin was trading at $86,647 as per CMC data. Zooming out, over the past week, BTC price accounts for an 18.01% increase. At the week’s beginning, Bitcoin was trading at a low of $72,733. It’s weekly high, also the new ATH, can be expected to hit $90K in the coming days. On inferring its Volatility Index, Bitcoin shows signs of settling down after high price fluctuations. Its RVI has receded to 47.39 dropping from 83.34. What Factors Contributed to the Bitcoin Price Bull Run? On inferring Bitcoin’s price movements, it exhibits an ascending channel pattern. This pattern usually suggests a bullish trend and further upward price movements. Additionally, the cryptocurrency’s bull power indicator value stands at 1.17, while the bear power indicator value stands at 0.83. These indicators confirm the bull run, which was initiated for several reasons. Firstly, one of the major contributions was the US election week. Trump’s victory due to his pro-crypto stance propelled the token further to new highs. Other external factors such as Institutional movements and further the Q3 aspects also influenced its upward momentum. Meanwhile, the founder of the non-profit organization Satoshi Educate, Dennis Porter posted on X that there is an important Bitcoin-related update from the US coming out. He stated that it would be announced in the next 48 hours. Highlighted Crypto News Today: Ethereum Foundation Sold 100 ETH for DAI to Strengthen Reserves

Bitcoin has been on a major upward trajectory, recently hitting an all-time high (ATH) of above $89,000. As this milestone was crossed, a notable trend emerged with short-term holders transferring their holdings to major exchanges, particularly Binance. According to CryptoQuant analyst Joao Wedson, this behavior suggests that investors with shorter time horizons may be positioning themselves to take profits, leading to potential selling pressure in the market. What To Watch Out For Wedson highlighted that the concentration of Bitcoin deposits to a single exchange like Binance is worth close monitoring, as it could impact liquidity and price stability on the platform, potentially reverberating through the broader market. The CryptoQuant analyst emphasized three areas for market participants to watch closely. First, tracking the flow of BTC to exchanges, especially Binance, can provide insights into the potential scale of selling intent among short-term holders. As more coins flow to a major exchange, the potential for market impact rises, making it crucial to gauge the extent of any impending sell-off. Second, the impact on price volatility is expected to be significant as concentrated selling or profit-taking on Binance could create sharp movements, providing both challenges and opportunities for traders. The final area of focus, according to Wedson, is anticipating potential price movements based on these inflows and understanding how they may influence the broader market’s behavior. Bitcoin Market Correction Imminent? Meanwhile, further insights were provided by another CryptoQuant analyst known as “caueconomy.” This analyst pointed out that Bitcoin’s breakout of its previous all-time high has initiated a price discovery process. With this milestone, the market has seen heightened open interest levels, with more than $16 billion added to futures positions over the past week. This surge indicates a rise in leveraged positions, which can lead to heightened risk of corrections in the short term. However, the analyst emphasized that the market’s underlying fundamentals appear much more strong this time around, suggesting that any potential short-term corrections could be viewed as natural adjustments. Rather than signalling a broader downturn, these corrections may offer buying opportunities for investors looking to enter or accumulate during periods of market pullback. Bitcoin trades for $86,441, which has increased by 2.3% in the past day. Notably, this current trading price marks a 3.6% decline from BTC’s latest achieved all-time high of $89,864 earlier today. According to renowned crypto analyst known as Ali on X, key support levels for Bitcoin to watch are between $83,250 – $85,800 and $72,880 – $75,520. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has performed remarkably over the past week, surging 30% since the November 5 US election. The flagship crypto surpassed its March all-time high (ATH), recording a new high nearly every day for the last seven days. Bitfinex analysts noted that the market remains “relatively stable” despite increased speculative activity. Bitcoin ‘Fair Value’ Priced In At Higher Levels Following Donald Trump’s victory last Tuesday, the crypto market has seen a massive rally, surging to a market capitalization of $3.05 trillion. Bitcoin has led the post-election bullish run with a 30% price increase, nearing the $90,000 mark earlier today. According to Bitfinex Alpha report, the rally “highlights the positive reaction to the election outcome, with investors positioning themselves for potential economic stimulus and regulatory shifts.” During the March highs, BTC’s realized profit volume reached its peak of $3.1 billion. Since then, realized profit volumes have gradually decreased, “reaching an equilibrium.” As the report noted, there’s been a reset in supply and demand forces, which indicates, alongside the recent price surge, that “the market is now pricing in a higher ‘fair value’ for Bitcoin.” At the same time, the cryptocurrency continues its price discovery. Moreover, profit-taking above $70,000 has been significantly smaller than the past instances when Bitcoin traded above this range, despite a structural increase in profit-taking. Bitfinex analysts consider this to signal the “entry of a new wave of demand into the market,” backed up by Spot Bitcoin exchange-traded funds (ETFs) buying post-elections. Additionally, it suggests that fresh investor interest “could drive further upward momentum in the near term.” BTC Enters ‘A New Phase’ The report highlighted record-breaking BTC ETFs’ inflows, around $2.28 billion in three days. This performance represented a significant increase from the pre-election de-risking, which saw the crypto-based investment products record their second-largest single-day outflows. According to CoinShares data, Bitcoin ETFs closed the US election week with $1.8 billion in inflows and started this week with $1.1 billion in positive net flow. This performance displays a resurgence in demand for the flagship crypto as the market adjusts to BTC’s new price levels. Bitfinex analysts explained that from March to August, there was significant supply and insufficient sustained buying pressure to absorb it. The recent demand surge suggests a notable shift as buying interest is “absorbing selling pressure at all-time highs and stabilizing market dynamics: Meanwhile, Open Interest (OI) in Bitcoin futures and perpetual contracts reached ATH, hitting $45.43 billion. The report explains that this signals an increase in speculative activity but details that the market remains “relatively stable” since OI and BTC prices “are in equilibrium at elevated levels.” Ultimately, Bitfinex anticipates some consolidation soon, with a potential pullback to $77,000. A correction toward this level would close BTC’s CME gap and strengthen Bitcoin’s position to climb even higher levels. As of this writing, Bitcoin is trading at $86,225, a 5% increase in the daily timeframe.

Solana started a fresh increase above the $200 support zone. SOL price is correcting gains and must stay above $200 for a fresh increase. SOL price started a fresh increase after it settled above the $188 level against the US Dollar. The price is now trading below $212 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $210 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls defend the $200 support zone. Solana Price Starts Downside Correction Solana price formed a support base and started a fresh increase above the $185 level like Bitcoin and Ethereum. There was a strong move above the $195 and $200 resistance levels. The price even cleared the $212 level. A high was formed at $225 and the price is now correcting gains. There was a move below the $220 and $212 levels. The price dipped below the 50% Fib retracement level of the upward move from the $195 swing low to the $225 high. There was a break below a key bullish trend line with support at $210 on the hourly chart of the SOL/USD pair. Solana is now trading below $212 and the 100-hourly simple moving average. The price is now approaching the key support at $200 and the 76.4% Fib retracement level of the upward move from the $195 swing low to the $225 high. On the upside, the price is facing resistance near the $208 level. The next major resistance is near the $212 level. The main resistance could be $225. A successful close above the $225 resistance level could set the pace for another steady increase. The next key resistance is $242. Any more gains might send the price toward the $250 level. More Losses in SOL? If SOL fails to rise above the $212 resistance, it could continue to move down. Initial support on the downside is near the $202 level. The first major support is near the $200 level. A break below the $200 level might send the price toward the $195 zone. If there is a close below the $195 support, the price could decline toward the $185 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $200 and $195. Major Resistance Levels – $208 and $212.

Dogecoin has skyrocketed over 200% in less than three weeks, riding the wave of Bitcoin’s recent record-breaking rally. As BTC surged to new all-time highs, the momentum carried over to altcoins, with Dogecoin leading the pack in aggressive gains. This historic price surge has captured the attention of traders and analysts alike, sparking excitement for DOGE’s future potential in this bullish market phase. Renowned crypto analyst and investor Ali Martinez recently shared a technical analysis highlighting Dogecoin’s upward trajectory, setting bold targets that have left the community buzzing. According to Martinez, if DOGE continues to align with its current macro trend channel, it could reach an impressive $2.4 price target soon. Furthermore, Martinez notes that, under certain conditions, Dogecoin could aim as high as $18 should broader market dynamics and macro support levels remain favorable. With DOGE’s explosive growth and heightened investor interest, these next few weeks will be critical. If market conditions persist and BTC’s bullish trend holds, Dogecoin may continue its path upward, pushing into levels previously considered out of reach. Dogecoin Leading The Memecoin Dogecoin has taken the lead in the meme coin market, surging massively over the past few weeks and drawing attention from investors and analysts alike. With renewed momentum, DOGE has started an uptrend, forming a solid bullish structure that suggests further upside. Many analysts now see Dogecoin as a high-potential asset in the current market cycle, especially as broader sentiment remains positive across major cryptocurrencies. Ali Martinez, a well-regarded crypto analyst and investor, recently shared a technical analysis on X highlighting Dogecoin’s impressive setup within a macro channel. According to Martinez, if DOGE tests the middle or upper boundary of this long-term channel, it could potentially reach ambitious price targets of $2.40 or even $18. Martinez’s optimistic analysis aligns with the broader market view that DOGE, a well-established coin with a strong community and historical price resilience, is primed for significant growth. His analysis underscores the potential for this rally to continue in a major way, especially if BTC maintains its bullish trajectory, supporting altcoin momentum. For investors seeking high-risk, high-reward opportunities, DOGE stands out as a viable option with a potentially huge upside. As market participants closely watch for a potential test of these channel boundaries, Dogecoin’s current rally could signal the beginning of a transformative bull run, rewarding those strategically positioned themselves. While volatility is likely, the opportunity for massive gains could attract both retail and institutional interest, setting Dogecoin up as a leading player in this bull market. DOGE Hits Multi-Year Highs Dogecoin has reached a price level not seen since May 2021, breaking several local highs established over the past three and a half years. The recent rally took DOGE to a peak of $0.43, marking a substantial recovery and signaling bullish strength in the meme coin market. After two intense weeks of buying pressure, the price has slightly cooled and is now trading around $0.382, suggesting some consolidation may be underway. A deeper retracement to the $0.34 level would provide a healthy setup, allowing the previous supply zone to flip into a new demand zone, supporting sustained upward movement. Such a pullback would likely appeal to investors looking for re-entry opportunities at a support level before the next bullish leg. However, with strong price action in play, a continued move toward the next major resistance at $0.45 remains a realistic scenario. Investors closely following DOGE expect further upside, as the coin’s recent momentum could drive another test of this multi-year resistance. Featured image from Dall-E, chart from TradingView

XRP price is up over 10% and moving higher above the $0.620 support zone. The price tested the $0.740 zone and is currently correcting gains. XRP price started a decent increase above the $0.620 resistance. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.6180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.6200 support zone. XRP Price Eyes More Upsides XRP price remained supported above the $0.5850 level. It formed a base and started a fresh increase above $0.6000. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.650 resistance. The price even climbed above the $0.70 level before the bears appeared. A high was formed at $0.740 before there was a pullback. It dipped below $0.7200 and tested $0.700. The price traded toward the 50% Fib retracement level of the upward move from the $0.6063 swing low to the $0.7400 high. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.6180 on the hourly chart of the XRP/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.6063 swing low to the $0.7400 high. On the upside, the price might face resistance near the $0.700 level. The first major resistance is near the $0.7080 level. The next key resistance could be $0.7250. A clear move above the $0.7250 resistance might send the price toward the $0.740 resistance. Any more gains might send the price toward the $0.7550 resistance or even $0.7650 in the near term. The next major hurdle might be $0.780. Another Drop? If XRP fails to clear the $0.7080 resistance zone, it could start another decline. Initial support on the downside is near the $0.6750 level. The next major support is near the $0.6250 level and the trend line. If there is a downside break and a close below the $0.6250 level, the price might continue to decline toward the $0.6050 support in the near term. The next major support sits near the $0.600 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.6750 and $0.6250. Major Resistance Levels – $0.7080 and $0.7250.

After a successful proof of concept, COTI, a leading Web3 privacy layer, has revealed its cross-chain privacy protocol. For businesses, decentralized apps (dApps), and builders across 70 supported chains, COTI is expected to provide privacy-on-demand. In order to support a variety of DeFi and web3 applications, the new functionality seeks to provide quick and scalable confidentiality for both EVM and non-EVM networks. The announcement today represents a significant Web3 milestone. For the first time, developers won’t need to modify their underlying tech stack in order to utilize COTI’s cutting-edge privacy technologies straight from their native chains. With programmable privacy capabilities that let users toggle privacy on or off as required, COTI’s privacy layer—powered by Garbled Circuits and created in partnership with Soda Labs—is designed to satisfy enterprise-scale needs. Shahaf Bar Geffen, COTI CEO, said: With the help of Axelar, the COTI team successfully completed its first cross-chain transaction earlier this month. The team will endeavor to completely integrate Axelar’s Amplifier technology to provide cross-chain privacy across all 71 of its linked networks following the successful proof of concept. The absence of privacy on open, public chains has been one of the main obstacles to the broad adoption of blockchain technology. Since they must be able to strike a balance between privacy and transparency in order to comply with regulations, many companies are unable to completely integrate with decentralized technologies. The cross-chain privacy protocol developed by COTI seeks to directly solve these requirements.

Ethereum price extended its increase above the $3,220 resistance. ETH is now consolidating and facing hurdles near the $3,450 resistance. Ethereum started a fresh increase above the $3,120 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it remains stable above the $3,150 zone. Ethereum Price Faces Hurdles Ethereum price started a fresh increase above the $3,000 resistance like Bitcoin. ETH was able to climb above the $3,120 and $3,120 resistance levels to move further into a positive zone. It even surged above the $3,350 level and traded to a new monthly high. A high was formed at $3,443 before there was a minor pullback. There was a move below the 23.6% Fib retracement level of the upward wave from the $3,070 swing low to the $3,443 high. Ethereum price is now trading above $3,150 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $3,220 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward wave from the $3,070 swing low to the $3,443 high. On the upside, the price seems to be facing hurdles near the $3,320 level. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,450. A clear move above the $3,450 resistance might send the price toward the $3,580 resistance. An upside break above the $3,580 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone. Downside Correction In ETH? If Ethereum fails to clear the $3,320 resistance, it could start a downside correction. Initial support on the downside is near the $3,250 level and the trend line. The first major support sits near the $3,150 zone. A clear move below the $3,150 support might push the price toward $3,070. Any more losses might send the price toward the $3,000 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,250 Major Resistance Level – $3,320

Ethereum has recently climbed to a major high above $3,400, reigniting enthusiasm among market participants and signaling a potential upward trend that may lead to a push above $4,000 toward a new all-time high. This optimism has been met with major speculation of ETH’s price from the crypto community and analysts, who are observing key indicators within the market to assess the asset’s trajectory. Ethereum Rise and Market Sentiment According to a report shared by a CryptoQuant analyst known as ‘ShayanBTC,’ Ethereum’s recent price performance, up by 35% in the past week, has been accompanied by positive sentiment in the futures market, providing a detailed look into potential short-term fluctuations. Shayan pointed out that the funding rates for Ethereum futures have remained positive, demonstrating strong demand and bullish sentiment among investors. Notably, positive funding rates typically indicate buyers are willing to pay a premium to hold long positions, which signifies market confidence. The analyst highlighted that this surge in positive sentiment was especially evident when Ethereum surpassed the $3,000 mark, reflecting a similar pattern observed during the March 2024 rally that culminated in a yearly peak. This pattern now raises questions about whether the current momentum can be sustained or if the market is vulnerable to sudden reversals, just as it did following a major rally earlier this year. What Is Expected While positive funding rates are a favorable sign of market interest, they can also indicate heightened risk when they become too elevated. Shayan particularly noted: The analyst cautioned that high funding rates may point to an “overheated” market, which could increase the likelihood of a long liquidation cascade if the price faces significant resistance or experiences even a modest correction. Elevated rates suggest that traders may be over-leveraged, creating conditions where a sharp pullback could trigger a wave of sell-offs as leveraged positions are liquidated. The CryptoQuant analyst further revealed that with Ethereum experiencing high funding rates in the current market climate, investors may need to “exercise caution and adopt strategies to mitigate potential risks.” The analyst emphasized that with heightened funding rates comes an increased chance of market volatility. Rapid price movements could lead to liquidations, particularly if profit-taking or minor corrections unsettle the market. Meanwhile, Ethereum has breached the $3,400 price mark to trade as high as $3,424 earlier today. However, at the time of writing, the asset appears to have seen a slight correction with a current trading price of $3,289, albeit still up by 2.2% in the past day. Featured image created with DALL-E, Chart from TradingView

Bitcoin price extended gains above $88,000. BTC is now consolidating gains near $90,000 and might see a minor decline in the near term. Bitcoin extended its increase and traded above the $88,000 zone. The price is trading above $86,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it stays above the $85,000 zone. Bitcoin Price Sets Another ATH Bitcoin price started a fresh increase above the $85,000 level. BTC cleared the $86,500 resistance and traded to a new all-time high. It posted a high at $89,852 and is currently consolidating gains. There was a minor decline below the $88,500 level. However, the price is still well above the 23.6% Fib retracement level of the upward move from the $78,555 swing low to the $89,852 high. There is also a connecting bullish trend line forming with support at $85,200 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $86,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $88,500 level. The first key resistance is near the $89,200 level. A clear move above the $89,200 resistance might send the price higher. The next key resistance could be $90,000. A close above the $90,000 resistance might initiate more gains. In the stated case, the price could rise and test the $92,000 resistance level. Any more gains might send the price toward the $100,000 resistance level. Start of Downside Correction In BTC? If Bitcoin fails to rise above the $88,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $87,150 level. The first major support is near the $84,500 level or the trend line or the 50% Fib retracement level of the upward move from the $78,555 swing low to the $89,852 high. The next support is now near the $82,000 zone. Any more losses might send the price toward the $80,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 80 level. Major Support Levels – $87,150, followed by $84,500. Major Resistance Levels – $88,500, and $90,000.

Analysts are once again paying close attention to the price trend of XRP and the US election cycles. Many people who follow the market say that if a crypto-friendly candidate wins, XRP could go through a big jump, similar to what happened after other elections. Could this be the start of another rally? After the 2016 and 2020 US elections, XRP’s value skyrocketed, as expected by market observers. These two major occurrences benefited cryptocurrencies, which analysts expect to happen again in 2024 under Donald Trump. Market expert Mikkybull observes a “symmetrical triangle” pattern that preceded these elections and led to significant achievements. Since XRP has achieved these highs before, some wonder if history will repeat. Patterns Of XRP In The Past: From Triangle To Surge Mikkybull observes that the price of XRP fell marginally after the 2016 elections but eventually increased by 60,000%, reaching the all-time high (ATH) level of $3.31. The 2020 election caused another upward spike which resulted in the altcoin increasing by 170% within the span of one month. There was also a liquidity crunch in December for the cryptocurrency market however this was occasioned by the contrary ruling from the SEC against Ripple Labs. In light of the ongoing litigation, the election rally evokes interest because it proposes that such increases could be achieved in 2024. Given the current bullish sentiment in the market, Mikkybull believes that another rally is almost imminent. Positive Technical Indicators At present, XRP is trading at approximately $0.6393 and is encountering a resistance level at $0.6533. The prospective path to the next target at $0.7463 is seen by analysts if it can overcome this barrier. Volume is increasing, and recent gains may provide the necessary impetus. RippleLord, a market expert, predicts that the price of XRP may even resume its 2017 highs if this rally continues. In 2017, XRP experienced a significant increase from $0.06 to nearly $3.84. RippleLord believes that XRP could at least reach a consolidation level of $3, with a longer-term peak potentially reaching $28 if market conditions coincide, despite the fact that repeating such a massive run may be ambitious. Legal Developments Meanwhile, the recent court ruling by Judge Analisa Torres, who determined that XRP is not a security, is another factor that strengthens the case for XRP. This eliminates an immense regulatory obstacle that has undermined XRP for years. Additionally, Ripple’s ongoing dedication to innovation is evidenced by its initiatives to broaden its payment services, such as the Dubai Financial Services Authority’s recent approval. Featured image from Pexels, chart from TradingView