VanEck confirmed the forecast of $180,000 for bitcoin

The target price of the first cryptocurrency in the current cycle is $180,000, VanEck experts confirmed their September forecast.

Analyst Nathan Frankowitz and head of digital currency research Matthew Siegel are confident that the next phase of the bull market is just beginning. In their opinion, several key indicators indicate this.

Experts drew analogies with the digital gold rally at the end of 2020 against the background of the previous US presidential elections. Then the asset's quotes doubled and continued their upward movement next year.

The regulatory clarity expected from the Donald Trump administration will be a catalyst for further bitcoin growth, VanEck analysts say.

They drew attention to the financing rates of perpetual futures, which have been constantly exceeding 10% since November 12. According to analysts, such metric values signal an optimistic investor mood and significant investment benefits in the medium term.

The relative realized profit (smoothed by the 30-day moving average) is at the level of 0.54. This is well below the 0.7 threshold, which is usually associated with reaching market highs.

Retail interest in cryptocurrencies is still far from the peaks of 2021. This is indicated by the number of search queries on Google and the number of downloads of the Coinbase application in the United States, experts noted.

"While we remain vigilant for signs of overheating, we confirm our cyclical price target of $180,000 per bitcoin as a number of key indicators that we are monitoring continue to give a green signal for this rally," VanEck analysts said.

Recall that in the end, the capitalization of the first cryptocurrency will reach half of the gold index, and the price of the first cryptocurrency will be $ 300,000. This opinion was expressed by VanEck CEO Jan Van Ek.

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Cboe to Launch Bitcoin ETF Options in December

Cboe Global Markets Inc. has announced plans to launch the first cash-settled index options linked to the bitcoin spot price.

Options on the Cboe bitcoin ETF will begin trading on December 2. They will be based on an index that tracks a group of American spot bitcoin ETFs.

Bitcoin ETF Options Attract Institutional Investors
This event occurred shortly after the Nasdaq exchange launched bitcoin ETF options, allowing investors to speculate on BTC price movements or manage risks through derivatives.

Cryptocurrencies such as options and futures have traditionally been traded outside the United States due to regulatory hurdles. However, the growing demand for the instrument has prompted major American exchanges to expand their offerings in this sector.

"We expect that the unique benefits of cash settlement, combined with the availability of various index sizes and FLEX options, will give customers more flexibility in their trading strategies," Cboe said in a press release.

Grayscale has also joined the trend by starting options trading for its GBTC and BTC Mini ETFs. BlackRock's IBIT options, meanwhile, marked the debut with a record trading volume of over $425 million.

Spot bitcoin ETFs are becoming increasingly popular: at the time of writing, they manage more than 5% of all BTC mined. In March and November, when bitcoin reached peak prices, the ETF received about $4 billion, which confirms the link between the demand for ETFs and the growth of the asset rate.

"Options expand the ecosystem by attracting more traders and increasing liquidity. And liquidity is a lure for big players. Therefore, you will see more institutions using not only options, but also the ETF itself, thanks to the options available," Bloomberg analyst Eric Balchunas said in a recent podcast.

Earlier this month, Bitcoin ETF trading volumes exceeded $7.22 billion. IBIT from BlacRock strengthened its dominance, reaching $40 billion of assets under management and entering the top 1% of ETFs worldwide in terms of AUM. All these events confirm the growing adoption of cryptocurrency products in traditional financial markets.

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Analysts on a possible drop in BTC quotes

Bitcoin continues to move towards the $100,000 price mark, remaining in the spotlight of investors. This week, the BlackRock IBIT fund became one of the most popular assets among exchange-traded funds, and the trading volume of cryptocurrency-related instruments such as MicroStrategy shares (MSTR) reached record levels. Nevertheless, behind the positive dynamics there are risks that could change the situation in the coming weeks. This was stated by Blofin Academy researchers.

According to them, high financing costs remain one of the main problems. Rising repo rates and an increase in the share of positions opened through sponsored repos create additional risks. At the end of November, their rate reached 5.6%, which is significantly higher than the Federal Reserve's figures. Such dynamics may become an obstacle to the continuation of the current rally in the markets.

"The situation is even more difficult for altcoins. The increase in financing through derivatives is accompanied by an increase in costs for investors. For example, for ethereum (ETH), annual financing costs have already exceeded 40%, which makes such investments less sustainable. Bitcoin remains less susceptible to these factors due to greater stability in the spot market," the experts noted.

On a global level, rising U.S. bond yields and a strengthening dollar are also putting pressure on cryptocurrencies. The dollar index (DXY) has peaked in the last 12 months, and an increase in Treasury bond yields reduces the cost of collateral for repo transactions, which further increases financing costs.

The options market data also indicates a growing risk of volatility. Most large options expire in December, which means that price support due to hedging by market makers may disappear early next year. Despite the positive mood in the market, experts warn that the approaching psychological barrier of $100,000 may become a short-term peak. Combined with the high level of risks and seasonal factors, such as a decrease in activity during the Christmas holidays, this increases the likelihood of a correction in the coming weeks.

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Allianz SE acquired 24.75% of MicroStrategy bonds

Allianz SE, a leading German insurance company, has acquired 24.75% of MicroStrategy bonds maturing in 2031. This transaction makes the organization the largest holder of these securities, which underlines its strategic interest in the cryptocurrency sector. Investments in MicroStrategy bonds are provided with a long-term prospect for the growth of the bitcoin (BTC) exchange rate, which is actively owned by the company itself.

The securities of this institution attract the attention of large institutional investors due to their connections with the flagship cryptocurrency. The company owns significant BTC reserves and its financial instruments are closely linked to the price dynamics of digital assets. For Allianz SE, this step may be part of a strategy to diversify assets and strengthen positions in innovative sectors.

The largest holders of MicroStrategy bonds include such giants as Calamos Partners (6.18%), Context Capital Management (5.05%) and State Street Corp (1.38%). However, Allianz's share significantly exceeds their positions, which indicates higher confidence in the sustainability of MicroStrategy's business.

Investments in bonds linked to a company actively buying bitcoins carry both risks and prospects. The growth of the cryptocurrency market can significantly increase the profitability of these securities, however, the high volatility of the cryptocurrency remains a key risk factor.

Allianz SE's decision shows that traditional financial institutions are increasingly trusting cryptocurrency assets. This may signal the beginning of a new stage of interaction between classical financial structures and the digital economy. Interestingly, other participants, including BlackRock and Deutsche Bank, also continue to show interest in MicroStrategy bonds. This indicates the growing interest on the part of financial giants in instruments related to cryptocurrencies.

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Open interest in Ethereum futures has reached a record $20.8 billion

On November 22, the volume of open positions (OI) on Ethereum futures jumped by more than 12%, to ATH of $20.8 billion, signaling bullish momentum. This was stated in CryptoQuant, writes The Block.

The metric has grown by more than 40% in the last four months, surpassing the previous high of $17 billion in May.

Positive financing rates (0.026%) and record leverage also speak in favor of an increase in the price of the second largest cryptocurrency by capitalization.

The latter, expressed in the form of the ratio of OI to exchange reserves, rose to a new record of 0.4, experts said.

CryptoQuant warned about increased leverage and the predominance of long positions, which may increase the risk of their forced closure with price volatility.

On the morning of November 22, the exchange rate of the second largest cryptocurrency exceeded $ 3,400. At the time of writing, the price has rolled back below $3,300, showing a decrease of 1.4% over the past 24 hours.

Recall that on November 15, the daily volume of transferred onchain value in Ethereum (7 DMA) reached the maximum since the beginning of the year of $ 7.13 billion. From November 9 to November 15, a record $515.2 million was received in the ETH-ETF.

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Raul Pal: DOGE and SUI enter the "banana zone"

Real Vision CEO Raul Pal suggested that DOGE and SUI memcoins are approaching a major bullish rally, which he called the "great banana spin."

Raoul Pal He explained that the "banana zone" is a market phase when the rate of crypto assets is constantly growing. During this period, it is better to be patient and invest in leading cryptocurrencies such as BTC, ETH and SOL. This will help reduce risks during market volatility. For risk-averse traders, Pal suggested allocating a small portion of funds to SUI tokens or memcoins like DOGE.

"The next ones in the "great banana spin" will be SUI and DOGE, as well as tokens that you already own," Pal wrote on the social network X.

The popularity of bananas in pop culture was promoted by SpaceX CEO Elon Musk. This exotic fruit is associated with the recent test flight of a SpaceX rocket, becoming an unusual symbol of weightlessness and Musk's space mission. Also recently, Tron founder Justin Sun bought an art work by artist Maurizio Cattelan called "The Comedian" for $6.2 million. It is presented in the form of a banana glued to the wall with adhesive tape.

These events have caused enthusiasm for bananas in the crypto market, so memcoins, which have the name of this fruit in their name, are showing rapid growth. For example, in one day, the BANANA token grew by 5%, and its market capitalization reached $1.1 million.

According to Santiment, the memcoins Peanut the Squirrel (PNUT), Pepe (PEPE) and Dogecoin (DOGE) have surpassed bitcoin in popularity. Analysts are confident that interest in these tokens will continue in the near future.

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VanEck and 21Shares move closer to launching Solana ETF

VanEck and 21Shares want to launch Solana-based exchange-traded funds in the United States. The companies first applied to the Securities and Exchange Commission (SEC), and now have filed documents with the Chicago Board Options Exchange (Cboe)

Filing an application for Cboe is an important stage, because before releasing instruments to the market, the exchange checks whether they meet all regulatory requirements.

Interest in Solana-based exchange-traded funds is growing

Major management companies VanEck and 21Shares, together with Bitwise and Canary Capital, have applied to launch Solana exchange-traded funds on the Cboe BZX exchange. This information was confirmed by Bloomberg ETF analyst James Seyffart.

"Cboe has just received applications for four Solana exchange-traded funds from VanEck, 21Shares, Canary Capital and Bitwise. Now the decision is up to the SEC," he wrote on X (former Twitter).

This is a significant event for the crypto industry. The proposed exchange-traded funds are classified as "shares in a commodity-based trust" in accordance with Rule 14.11 (e)(4). The applications are currently awaiting official SEC approval.

The Cboe's decision to accept four applications for the Solana ETF suggests that the exchange wants to expand the list of available cryptocurrency products. This is part of the platform's overall strategy to integrate digital assets with traditional financial markets. The participation of companies such as VanEck, 21Shares, Bitwise and Canary Capital can increase the popularity of the Solana blockchain.

If the SEC approves the applications, Solana's position in the world of cryptocurrencies will strengthen, which will lead to an increase in liquidity and affect the price dynamics of the SOL token. At the time of publication, it is trading at $259.87. The coin has risen in price by more than 7% in a day, and by 28% in a week.

VanEck and 21Shares have already applied for the Solana ETF in June 2024. They became the basis for contacting the Cboe.

The future of the Solana ETF depends on the SEC

According to James Seyffart, a decision on new instruments may be made in August 2025. If they are approved, investors will be able to invest money in Solana through exchange-traded funds, which will help strengthen the position of this blockchain in the market.

Experts believe that negotiations with the SEC are going well, they highly appreciate the likelihood of approval of the new instrument. But there are also alarm bells. At the beginning of the year, documents related to applications for the Solana ETF disappeared from the Cboe website for a while, which caused concern in the market.

Before approving a new instrument, the regulator carefully checks it for compliance with all requirements and safety for investors. If the funds are approved, they will make investments in Solana available to everyone — both for large organizations and for private investors.

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The price of Cardano has separated from other altcoins: an increase of 50% in 7 days

The price of Cardano (ADA) has increased by more than 50% over the past week, separating itself from the broader altcoin market. The Cardano price has shown impressive growth in all time intervals. It grew by 12.4% in 24 hours, by 128.3% in a month, and by 108.3% in a year.

Cardano outlines strategic plans

Charles Hoskinson's recent high-profile meetings with industry leaders have revealed Cardano's ambitious expansion plans. The project held productive collaboration talks with Brad Garlinghouse of Ripple, and also met with Stellar founder Jed McCaleb to explore integration opportunities.

These discussions focused mainly on the development of the Midnight project and emphasized inter-network compatibility and ecosystem growth.

Hoskinson announced plans to hire specialists to make Cardano the "dominant platform for Bitcoin DeFi."

This initiative is consistent with what the Bitcoin OS analyst calls a "winning bet" — Cardano's positioning as Bitcoin's "best friend" in 2025. The strategy is aimed at using Bitcoin's brand and capital, as well as expanding the functionality of DeFi.

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Large investors have started investing in unpopular cryptocurrencies

This week, the activity of large investors has shifted from large-cap cryptocurrencies to less well-known projects. According to the analytical company Santiment, a significant increase in the number of crypto deposit transactions is observed in the cryptocurrencies Frax (FRAX), USDD and Axelar (AXL).

FRAX in the Arbitrum network recorded an 850% increase in the number of transactions of large market participants. The current price of the asset is at $0.995842, and the trading volume in 24 hours reached $15.57 million. Despite the fact that the price of Frax has risen by only 0.01% over the past day, this activity indicates a growing interest in the project from whales.

The activity of large holders in USDD on Ethereum also increased by 700%. The trading volume of the stablecoin amounted to $7.87 million. The number of whale transactions with First Digital USD (FDUSD), another Ethereum stablecoin, increased by 397.06%. Despite a slight decrease of 0.01% to $0.998021, trading volume rose to $9.94 billion.

Axelar (AXL), known for its compatibility solutions, has recorded a 300% increase in the number of large transactions. The current price of the asset is $0.699676, which is 2.09% lower than the day before. However, the trading volume rose to $20.48 million.

Among other cryptocurrencies that noted an increase in the activity of large holders, analysts at Santiment named MANTRA (OM), the FTX token (FTT), Sandbox (SAND), Rocket Pool ETH (RETH), Quant (QNT) and JasmyCoin (JASMY).

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The Sui rate recovered after the network resumed operation

The exchange rate of the digital currency Sui (SUI) quickly rose to $3.64 after a temporary network outage that occurred due to an error in the transaction planning logic. Less than an hour ago, the cryptocurrency quotes were barely above the value of $3.4, having lost almost 10% in a few hours. It is reported that for about 2 hours, users could not perform operations, which caused a short-term drop in the value of the asset. However, the development team and network validators promptly fixed the problem by restoring the functionality of the blockchain.

Earlier, the developers confirmed that the problem had been identified and the prepared fix was quickly implemented. This helped reduce the negative impact on users and maintain trust in the network, as well as stabilize the value of the cryptocurrency, which returned to the 17th place in terms of maximum capitalization in the market with a result of $10.31 billion.

The restoration of the network was accompanied by a sharp increase in trader activity, which was reflected in the price chart. Analysts suggest that confidence in Sui's technical support remains strong, which has encouraged investors to return.

Such incidents highlight the importance of stability in the blockchain. A quick solution to the problem strengthens the reputation of the network and demonstrates the professionalism of the developers. Sui continues to hold its position as one of the key players in the market.

Recall that a few days ago, the developers updated the main Sui network to version 1.37.3. In addition, they launched an update of the protocol to version 68. The upgrade is designed to increase performance, as well as the security of the blockchain. At the moment, it is possible that problems with the stable operation of the network could be caused by these updates.

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A Bloomberg analyst named the best date to apply for a Dogecoin ETF

Bloomberg senior ETF analyst Eric Balchunas recently predicted the filing date for the Dogecoin ETF as the idea is gaining momentum.

Dogecoin has been at the center of a bullish rally this cycle. In addition to the recent outstanding price figures, the token's ties to Elon Musk have contributed to the growing interest in the meme coin.

Interestingly, Elon Musk has stated that he is not serious about Dogecoin. However, his role in the creation of the parastatal Department of Government Efficiency (DOGE), named after the leading meme coin, represents one of his moves that inspires Dogecoin supporters.

Although Dogecoin remains a joke coin, its growing popularity has provoked speculation about an exchange-traded fund that tracks the performance of the asset. With the noise growing, Bloomberg senior analyst Eric Balchunas recently developed this idea.

The best date to Apply for a Dogecoin ETF

In response to X's message, Balchunas noted that December 31 is the best time to apply for a Dogecoin ETF.

In the context of his comment, the ETF expert seems to be repeating the words of the president of the ETF Store, Nate Geraci. For context, Geraci bluntly told the user who asked when the issuer would apply for the Dogecoin ETF that it was "obvious."

The president of the ETF Store argued that any issuer applying for a DOGE ETF could do so for brand promotion rather than financial gain, implying that submitting an application would be a marketing ploy to endear themselves to the Dogecoin community. It is noteworthy that the similarity of this step is the application for an XRP ETF from the recently debuted asset manager Canary Capitals.

Meanwhile, Balchunas previously stated that the Dogecoin ETF is not as unusual as it seems. Noting that he was surprised that no issuer had applied for the product, he hinted that the application might already be prepared.

The upcoming application for the Cardano ETF?

The update of applications from well-known ETF issuers preceded Geraci's comments on Dogecoin. The president mentioned crypto assets with an ETF application pending approval by the U.S. Securities and Exchange Commission (SEC), including Solana, XRP and most recently Hedera.

After the update, Geraci claims that at least one issuer will eventually apply for a Cardano or Avalanche ETF. These two heavyweights are notable assets in the crypto industry, ranking ninth and thirteenth in the market capitalization rankings, respectively.

The Trump administration is promising friendlier regulation of cryptocurrencies for digital assets, which is likely to lead to more ETF approvals. If this becomes a reality, analysts expect a flurry of applications for ETFs.

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The analyst says that Dogecoin will continue to grow, and defines a structure with a rounded bottom

Well-known cryptanalyst Cobra Vanguard has highlighted the bullish structure forming on the weekly Dogecoin chart.

His recent analysis suggests that the meme coin may be preparing for a rally towards the $1 mark, a psychological level that DOGE has been following for many years. The latest analysis is based on Dogecoin's recent uptrend, during which it rose to $0.44 before facing a pullback.

The rounded bottom of Dogecoin and the AB=CD pattern

Cobra Vanguard has shared a weekly chart showing the rounded bottom that has formed for Dogecoin since the beginning of 2021. This is a bullish structure that often indicates an impending price breakout after prolonged consolidation.

For reference, a rounded bottom indicates a growing accumulation of the market, where bearish momentum is fading, setting the stage for a bullish revival. On the Cobra Vanguard chart, the Dogecoin price recently broke through the rounded base at $0.35 and is currently at $0.39.

The analyst predicts a harmonic model AB=CD, where the price may rise to $0.68. This represents a Fibonacci projection of 1241% from the base of the model. Moreover, Fibonacci extensions suggest further resistance zones at $0.65 (85.54% of the breakout) and eventually $1.

Interestingly, the volume confirms this bullish forecast. An increase in buyer activity accompanies the breakout, confirming the strong momentum. If this trend continues, the completion of the model could send Dogecoin into uncharted territory, reflecting its rapid growth in early 2021.

Dogecoin's Short-term Prospects

Meanwhile, DOGE's daily chart shows the short-term prospects of the meme coin as it strives towards the $1 level. Dogecoin is currently consolidating at almost $0.39 after its significant rally. Fibonacci retracement levels from the recent low of $0.13 to the local high of $0.44 show support and resistance zones.

The current price is testing the 0.786 Fibonacci retracement level at $0.38, acting as a key short-term resistance. A sustained break above this level could push the price to $0.44 (a recent high).

A push above $0.44 could put Dogecoin face to face with resistance in the upper Bollinger band ($0.4832). A breakout of this level could potentially lead to $0.63, which coincides with a 1.618 Fibonacci extension. The last DOGE resistance below $1 is at the 2.618 Fibonacci level near $0.9484.

However, if a pullback occurs, the correction levels of 0.618 ($0.29) and 0.5 ($0.25) provide strong buying opportunities. The daily Bollinger bands are also narrowing, indicating that a breakout may be imminent. This indicates the indecision of the market, which often precedes a significant price change.

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BTC Updates Price records thanks to large investors

Today, the bitcoin exchange rate has reached a new historical high, rising to $97,890. This was stated by the researchers of the company Santiment. They stressed that the record was made possible by the activity of large holders, including "sharks" and "whales", who are increasing their BTC reserves. Over the past month, owners of wallets with more than 10 bitcoins have accumulated 56,397 coins, which is equivalent to $5.42 billion.

Interestingly, the total number of such wallets has decreased. According to the data, there were 1,256 fewer of them, which is a loss of 0.82% compared to last month. However, the decrease in the number of addresses does not prevent these large investors from holding an increasing number of digital coins.

Experts believe that this may be due to asset consolidation. Perhaps some owners are consolidating their investments by transferring funds to single addresses in order to manage assets more efficiently. It may also indicate high confidence in the growth of Bitcoin's value.

The activity of large holders is considered an important indicator for assessing the current state of the market. The accumulation of BTC by large investors in the face of rising prices may mean a continuation of the bullish trend. However, it is worth following these dynamics to understand how long a bullish rally can last.

Against the background of growth, analysts are paying attention to other metrics. For example, it is important to consider how many coins are held off exchanges. An increase in the number of bitcoins in cold wallets often indicates that investors are ready to move assets in the long term. With the rise in the price of Bitcoin, there is a global interest in the cryptocurrency market. This record once again underlines the importance of large investors in shaping the dynamics.

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SEC Postpones Decision on Franklin Crypto Index ETF, Dubbed EZPZ

Franklin Templeton, one of the issuers of exchange-traded funds (ETFs) in the field of cryptocurrencies, has expressed interest in issuing an exchange-traded fund based on a crypto index, but the authorities are still postponing its release.

The Securities and Exchange Commission (SEC) has postponed the deadline for approval of the Franklin Templeton crypto index exchange-traded fund. According to a November 20 statement, the authorities expressed concern about the sufficient amount of time needed to decide whether the fund would be approved or rejected.

"The Commission may indicate that if it considers such a longer period appropriate and publishes its reasons for such a decision, or if a self—regulatory organization agrees to this, the Commission will either approve the proposed rule change, reject it, or initiate a case to determine whether the proposed rule change should be rejected," the Commission documents say. Securities and Exchange Commission.

On August 17, based on their application, Franklin proposed creating a crypto index ETF by investing in bitcoin (BTC) and Ethereum (ETH) under the ticker EZPZ. The proposed fund will combine the two most popular cryptocurrencies in the world within the framework of one index in an unspecified ratio weighted by market capitalization.

If approved by the authorities, EZPZ will use the Coinbase repository and trade on the Cboe BZX exchange. Franklin can add another cryptocurrency to the index, but for this he needs to get approval from the Securities and Exchange Commission.

Franklin Templeton is Switching to Cryptocurrency

Franklin Templeton, based in New York, is one of the most flexible asset managers, which allows investors to make more profit from the movement of cryptocurrency prices. After receiving permission in January to create a spot bitcoin ETF, Franklin created another product related to cryptocurrency.

On October 31, they tokenized money market funds in several blockchains, including Base, Arbitrum, Polygon, Avalanche, Aptos and Stellar. The assets of the U.S. Government Money Market Fund (FOBXX) in this blockchain amount to $ 410 million.

Franklin is also working with SBI Group in Japan to prepare for the possibility of adopting a cryptocurrency fund in that country, but the results of this work have not yet been published.

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New Bitcoin records have prompted hodlers to take profits

This week, Bitcoin (BTC) shows increased volatility, setting several price records per day, followed by short-term pullbacks.

Given that the 50-day moving average remains above the 200-day moving average, it is highly likely that the long-term uptrend will continue in the future.

The Glassnode chart (see below) showed that the change in the net position of the hodlers revealed a significant shift in the behavior of long-term holders. After several months of accumulation (indicated by the green line), there was a sharp transition to distribution (red stripes).

On November 20, the hodler chart reflected the most negative trend since June, as more than 37,000 BTC worth more than $3.4 billion were sold. Thus, at the moment when bitcoin reached historical highs, long-term investors decided to lock in profits.

This behavior is typical for prolonged rallies, when the temptation of large profits tempts even the most persistent bitcoin holders.

CryptoQuant's chart of bitcoin exchange net flows further highlighted the ongoing sell-off. The growth of stock inflows suggests that holders are transferring their BTC to exchanges, probably for liquidation.

If the inflow on the exchange continues to outpace the outflow, this could create sustained selling pressure, which will make it difficult for bitcoin to restore its historical maximum in the near future.

However, the current decrease in inflows may indicate that most of the sales have already occurred.

Now technical and on-chain indicators indicate that the trend remains bullish, which does not exclude short-term corrections and consolidation.

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XLM has increased in price by 54.8%

The Stellar cryptocurrency ($XLM) increased by 54.8% per day, reaching $0.434. This is the first time since May 2021 that the value of a coin has returned to such a level. The sharp growth has aroused the interest of investors and experts who analyze the reasons for such a rapid movement. Note that the digital coin is trading at 0.448, and its market capitalization has reached 13.43 billion. This allowed her to bypass such cryptocurrencies as Polkadot (DOT) and Chainlink (LINK) in the list of the best

Stellar is a blockchain platform created for fast and cheap cross-border payments. Its main goal is to simplify the exchange of currencies and make financial services available even to those who do not have bank accounts. Stellar technology is used both for transferring fiat currencies and for working with tokenized assets.

Several factors influenced the growth of the exchange rate. Firstly, interest in solutions related to the actual use of blockchain technologies is growing rapidly. Stellar offers such tools, which makes it attractive for both private users and large financial organizations.

Secondly, Stellar's recent strategic partnerships contribute to its popularity. Among the key ones are IBM and other well—known companies using blockchain to optimize their payment systems. This strengthens trust in the platform and stimulates demand for native XLM cryptocurrency.

Strong growth may also be associated with an improvement in the overall state of the cryptocurrency market. Investors are showing more interest in altcoins, which offer unique technologies and have real-world application cases. However, despite the positive dynamics, experts warn of possible risks. Growth may be accompanied by increased volatility, especially if the interest of large institutional investors begins to decline. However, Stellar's long-term prospects remain positive, given the developers' commitment to development in the field of decentralized finance.

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The investor spoke about the loss of a potential $ 100 million

The founder of Global Macro Investor and Real Vision, Raul Pal, shared a story about his early investment in Bitcoin (BTC). Or said that back in 2013, he acquired a cryptocurrency worth $ 200 thousand.. However, then in 2017 he sold off all his assets when the price of bitcoin reached $2,000 per coin. Although he was happy with his profit at the time, it later became apparent that this decision cost him huge missed opportunities.

If he had kept his position, his initial investment would have turned into $100 million today. Pal admitted that he still remembers it with regret. This story shows how important patience and a long-term vision of the prospects of certain financial instruments are for successful investments, especially in highly volatile cryptocurrency markets.

Recall that in 2017, the BTC rate continued to grow and reached $20,000 during the year. Its subsequent growth in the market has shown that cryptocurrencies can bring significant profits to those who are willing to hold their digital assets even in conditions of instability.

The crypto market is known for its high volatility. This makes it both very attractive and dangerous for retail and institutional investors. Many people make mistakes by selling assets too early, fearing losses or underestimating the potential for possible growth.

Pal's experience serves as a reminder of the importance of a strategic approach. The ability to see prospects and the willingness to take risks can bring impressive results. However, it is important to understand that not everyone will be able to predict the future. Today, bitcoin is back in the spotlight, approaching the $100,000 per coin mark. Pal's story is not only about money, but also about human nature, fears and emotions that drive investors' decisions.

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Dogecoin Jumped on Fresh X Payments Speculation after ELON Musk's Tweet

The popular memcoin currency Dogecoin (DOGE) jumped 5%, returning to multi-year highs reached earlier this month, after new speculation regarding the long-awaited social payment service X, owned by ELON Musk.

Apparently, the reason for this step was the publication by Musk of a screenshot of JOE Rogan's podcaster profile in X. There was a dollar ICON in the post, which is different from the tip icon in the app, as ONE user noticed in the X post, suggesting that it might be designed to send money as part of X Payments.

Musk replied to the post with "the truth."

The Dogecoin price has a history of moving news related to payments — however fantastic they may be — at any company owned by ELON Musk, including X, formerly known as Twitter. Musk has long hatched plans to turn the social networking site into an "app for everything" covering payments between users. X Payments LLC has received money transfer licenses in most U.S. states, with the exception of New York.

Some Crypto speculate that the service, when launched, may include transactions with some digital assets such as DOGE, given Musk's long-standing attachment to this token. Musk's electric car company Tesla already accepts DOGE payments for some purchases of goods in its online store.

DOGE has increased by 5.4% in the last 24 hours, surpassing the fixed prices of Bitcoin (BTC). The token has grown by 190% over the past month and is trading at its highest level since May 2021.

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Bitcoin (BTC) at $100,000 is almost a reality

Bitcoin has updated its historical maximum, coming close to the $100,000 mark. On Friday, November 22, the main cryptocurrency tested the $99,486 mark

At the time of publication, the bitcoin exchange rate is at $98,336, having retreated from record values. We are figuring out what to expect: a further correction or $100,000 and a "native" today.

Whales are set to grow

Currently, bitcoin is only 1% short of the sacramental mark of $100,000. Considering that the cryptocurrency has already grown by more than 40% in a month, taking this milestone seems like a matter of time.

Trading volumes support a bullish scenario. According to CoinGecko, the trading volume over the past day exceeded $118 billion, the highest figure since November 14. This growth reflects the increased demand for BTC, most of which is generated by buyers.

The indicator of the ratio of long and short positions (Long/Short Ratio) on Binance shows that retail traders and large holders (whales) assess the situation differently. Over the past hour, more than 53% of retail traders have opened short positions on bitcoin futures, expecting the price to fall. But at the same time, more than 58% of whales are in long positions, betting on further growth.

Technical indicators give a mixed picture

Exponential moving averages (EMA) also support the continuation of the current uptrend to $100,000 thousand. The EMA for 9 periods (blue) on the 4-hour chart is above the EMA for 21 periods (orange). This arrangement of the EMA lines indicates that the price continues to form higher highs and lows. This is a classic uptrend signal.

However, the relative strength index (RSI) is above 70, indicating that the market is overbought. In this case, it is possible that the $100,000 test will be preceded by a small correction. However, further growth remains the most likely scenario in the medium and long term.

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Ethereum has problems: outflow from ETH-ETF reached $163 million

Exchange-traded funds ETFs on Ethereum have lost $163 million this week. This is due to a decrease in investor optimism, which prevents the ETH price from breaking through the $3,400 resistance level.

The price of ETH is under pressure and may decline further in the coming weeks. Let's figure out why this might happen.

Buying pressure on Ethereum is decreasing

According to SosoValue, capital outflow from spot Ethereum ETFs this week amounted to $163 million. This is the third largest weekly outflow since the start of trading in these funds on July 23.

The outflow followed a significant inflow, which reached a record $515.17 million in a week. This is the highest figure since the launch of these ETFs. The reason for the jump was the victory of Donald Trump in the US elections on November 5, which led to a parabolic rally in the crypto market.

However, the price of ETH has started to experience difficulties as bearish sentiment intensifies again. The ETH/BTC ratio has fallen to its lowest level since March 2021. This is happening against the background of active profit-taking by altcoin holders, which allows the bears to regain control of the market.

The decline in the Aroon Up line also reflects a weakening bullish sentiment. At the time of writing, the Aroon Up line has dropped to 28.57%. This technical indicator helps to identify trends and their strength. It consists of two lines: Aroon Up and Aroon Down. Aroon Up measures the time since a new 25-period high has been set, and Aroon Down measures the time since a new 25—period low.

When the Aroon Up line decreases, it signals a weakening of the uptrend or the possibility of a reversal. This happens when the price no longer reaches new highs, indicating a loss of bullish momentum. In this case, a downtrend may begin.

ETH Forecast: A bullish flag is coming

The daily ETH/USD chart shows the likely formation of a bullish flag. This pattern often precedes the continuation of an uptrend.

A bullish flag is formed from a rapid price increase (flagpole) and a period of consolidation (flag). When the price breaks through the resistance level of the flag, it signals a possible resumption of the uptrend.

If ETH breaks through the upper line of the horizontal channel at $3,997, it will confirm the uptrend. In this case, the price may rise to $3,534. However, if buyers become less active, the token may fall to $3,262, which will cancel the bullish forecast.

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FTX creditors will receive compensation in March 2025

The reorganization of the bankrupt FTX crypto exchange is entering the final stage. Former clients and creditors will receive their first payments in March 2025, the interim head of the company John Ray III (John J. Ray III).

"We are continuing to maximize refunds and are preparing to work with distribution agents to return funds to creditors and customers as quickly as possible," Ray stressed.

According to the data released on November 21, the FTX administration will begin interacting with distribution agents in early December. They will organize payments and manage a special portal for clients. The final settlement of the process is scheduled for January 2025.

Despite the fact that the American court approved the FTX reorganization plan in early October, not all creditors are satisfied with the proposed terms. A group led by Sunil Kavuri criticized the payment scheme, since the amounts are calculated at the exchange rate at the time of filing the bankruptcy petition. At that time, bitcoin was trading at about $16,000, which is significantly lower than current figures.

In an attempt to recover assets, the FTX administration initiated a series of lawsuits:

In October, a lawsuit was filed against the KuCoin exchange in the amount of $50 million

-- In November 2024, claims were made against Crypto.com for $11 million
-- On November 8, 2024, proceedings began with Anthony Scaramucci and SkyBridge Capital for $100 million
-- A separate lawsuit for $1.8 billion is directed against Binance and its founder Changpeng Zhao

The FTX administration claims that before the collapse of the exchange in 2022, Binance and Zhao received about $1.76 billion as a result of fraudulent transfers.

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Microsoft should Buy $78 billion worth of Bitcoins

As a person who has used Microsoft products all my life, I watch with pain how they lose money on bitcoins. The company's cash reserves of $78 billion are depreciating daily. Meanwhile, they stubbornly refuse to follow the proven MicroStrategy strategy of converting melting dollars into scarce bitcoins!

A couple of months ago, Microsoft announced that it would buy back shares worth up to $60 billion; it doesn't seem to have had any effect on the stock price increase. Imagine if they bought Bitcoin instead. This money would be much more efficient if it were invested in bitcoin. The company's market capitalization would probably have grown by hundreds of billions.

Just take a look at MicroStrategy. In just four years, they turned their $1 billion company into a $100 billion company by accepting bitcoin as a reserve asset. Now they are the most attractive and successful company in the field of corporate finance, their shares have shown the best results in the last four years, ahead of all American companies, even NVIDIA.

However, Microsoft adheres to an outdated financial strategy that reduces the value of shares. Microsoft should follow its technological instincts, not erroneous financial logic. Storing cash is impractical in the long term.

Yesterday I listened to the X Spaces podcast, during which MicroStrategy CEO Michael Saylor revealed that he offered to explain the benefits of bitcoin in private, but Microsoft CEO Satya Nadella declined the offer. Now he's making one last attempt by presenting a 3-minute bitcoin proposal to Microsoft's board of directors.

Earlier, the board of directors had already recommended that shareholders abandon the assessment of the potential growth of bitcoin. Nevertheless, I wonder how this meeting will end. Saylor is an excellent teacher, so you never know for sure.

They should understand that no corporate asset, such as bitcoin, can increase the value of an enterprise. Even a small investment in bitcoin worth $5 billion can increase the market capitalization by tens of billions.

Listen, Microsoft, the choice is obvious: hoard melting dollars or accept uncensored digital gold. Your shareholders are begging you to buy Bitcoin. It's time to listen before these 78 billion dollars disappear. This is your fiduciary duty as Bitcoin continues to gain popularity.

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Solana (SOL) has updated the absolute maximum

The fourth largest cryptocurrency by capitalization, Solana (SOL), has updated the absolute maximum value. Earlier, analysts warned that the coin is on the threshold of ATH

We tell you what is happening with Solana and whether the cryptocurrency will be able to maintain a positive momentum.

On the morning of November 22, 2024, Solana updated the absolute maximum (ATH) at $263. After that, the cryptocurrency went into correction. As of the time of writing, Solana is trading at $260.

Earlier, Ryan Lee, chief analyst at Bitget Research, warned that Solana is on the verge of updating the maximum. According to our interlocutor, SOL was in a winning position due to the interest in the platform from speculators. The expert believes that the coin has every chance to continue growing.

The movement of Solana to a new maximum was supported by the overall positive of the crypto market, which is associated with the victory of Donald Trump in the US presidential election. The politician made many promises to the participants of the crypto community. For example, Trump plans to form a bitcoin reserve in the United States.

The politician also promised crypto investors to reduce regulatory pressure. To this end, he proposed firing the head of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. Under his control, the regulator launched unprecedented repression against the crypto industry. On the evening of November 21, information appeared on the network that Gensler would leave his post in January 2025. The news was positive for the entire crypto market, including Solana.

Recall that the commissioners tried to prove that SOL is an unregistered security. A waiver and a change in SEC leadership could pave the way for the launch of Solana-ETFs and other derivatives.

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The memcoin index has reached ATH thanks to new listings

The GMCI Meme Meme index tracked by The Block increased by 8.8% over the week, setting a new high (537.99 p.). The catalyst was the addition of Pepe (PEPE) and Dogwifhat (WIF) to the list of instruments on Coinbase and Robinhood.

Memcoin listings are unprecedented and signal a change in the strategy of large platforms, the publication noted.

At the time of writing, PEPE is showing weekly growth of 8.4%, while WIF has turned negative (-4.1%). At the moment, the positive dynamics reached 70% and 32%, respectively.

Bonk (BONK) was another leader — its growth decreased by about half, from more than 100% to 51.8%.

Peanut the Squirrel (PNUT) also caused a stir. On November 13, the Peanut the Squirrel (PNUT) meme coin rose in price four times a day, but over the past seven days the asset has sunk by 27%.

The mascot of PNUT was a squirrel named Peanut, who lived with the owner in New York. On October 30, the authorities took the animal away and later euthanized it.

Due to the media popularity of Peanuts, the news caused a resonance in social networks and attracted the attention of influencers, including Elon Musk and Donald Trump Jr.

Over the past month, GMCI Meme has grown by 78.2%, outperforming indexes in other categories.

Recall that in October, the GOAT meme coin grew by almost 2000% in two days. The rise was accompanied by rumors that the project was created by the Andreessen Horowitz-funded AI bot Truth Terminal.

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The expert named the driver for bitcoin's growth to $100,000

The influx of $9.7 billion into stablecoins over the past 30 days will bring the rate of the first cryptocurrency to the $100,000 mark by the end of November. This was stated by Leon Weidman, head of The Onchain Foundation's research department.

"The largest monthly influx in history. [...] Speculative demand continues to grow!" he said.

A similar view is shared by Ryan Lee, chief analyst at Bitget Research.

"If history repeats itself, there remains a growth potential of 14.7%, which is much higher than the goal of $100,000. The trend of post—trading is very positive when predicting the future of bitcoin," the expert said.

Inflows into BTC-ETFs also provide support. On November 20, $773 million was received into products. The positive dynamics continued for the third day in a row.

The volume of assets in the instruments exceeded $100 billion (5.4% of the capitalization of digital gold).

Since the approval, investors have sent $29.35 billion to exchange-traded funds.

Earlier, the launch of options on the BTC-ETF threw bitcoin to ATH near $ 94,000.

Recall that Glassnode noted that the price of the first cryptocurrency did not reach the levels for profit-taking by hodlers.CryptoQuant stressed that so far only one of the five signals indicates the end of the bitcoin rally

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Open interest in Bitcoin futures has set a record high above $64 billion

-- Open interest in Bitcoin futures has updated ATH.
-- The figure exceeded $64 billion.
-- The rate of the first cryptocurrency is approaching the $100,000 mark.

On November 21, 2024, open interest (OI) in bitcoin futures updated the historical maximum, reaching $64.30 billion, according to CoinGlass.

Over the past 24 hours, the largest increase in OI for bitcoin futures was recorded on the BingX platform — 26.62%. On the Chicago Mercantile Exchange (CME), the index rose by 7.86%. The Binance and Bybit cryptocurrency exchanges recorded an increase in interest by 6.62% and 3.28%, respectively.

According to CoinGlass, open interest in bitcoin is the total number of active futures or options contracts for bitcoin that have not yet been executed. This indicator reflects the amount of funds invested in bitcoin derivatives at a particular moment.

Note that the open interest in bitcoin futures on CME has reached almost $ 21.25 billion, which is a historical maximum. The indicator increased by about a third after Donald Trump's victory in the US presidential election. On Binance, the level exceeded the $12 billion mark.

The rate of the first cryptocurrency is showing growth. Over the past 24 hours, the asset price has risen by 3.1% and at the time of writing is about $97,500. Since Trump's victory, the asset has grown by about $30,000.

Recall that on November 19, 2024, trading in options for bitcoin ETFs from IBIT began. On the first day, the trading volume for this product amounted to about $1.9 billion in nominal liability.

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FLOKI is eyeing a new ATH after a 128% increase. Will he be able to overcome the $0.0006 mark?

FLOKI's impressive 128% rise is now targeting the neck line at $0.00032049, aiming for a breakout that could push the price to a new historical high.

As the market recovers, and bitcoin recently reached a new historical high of $97,900, meme coins are making significant movements. Floki, in particular, stands out, showing a 7.21% jump and delivering a remarkable 700% return over the past year.

The market capitalization of meme coins rises above the $110 billion mark and is preparing for a bullish trend ahead. Will the ongoing recovery in the broader market, combined with the rise of meme coins, lift the Floki price to new historical highs? Let's take a closer look.

On the daily chart, FLOKI shows a powerful reversal growth, rising by 128% in just 17 days after rebounding from the support level of $0.000146.

FLOKI is currently trading at $0.00026, exceeding the key Fibonacci level of 78.60% at $0.00025. This marks an important psychological milestone, and the recent bullish engulfing candle reinforces the uptrend.

Supporting this bullish forecast, the overnight surge caused the growth of the lines of the VI DMI indicator. This delayed the negative crossing and contributed to the growth of the ADX line, signaling a stronger trend momentum.

In addition, the exponential moving averages (EMA) for the 50-day, 100-day and 200-day periods remain positively aligned, further supporting the bullish trend.

Will FLOKI reach the new ATH?

A slight intraday pullback of 1.30% serves as a small retest of the critical breakout zone. The price action involves rounding the reversal, which now positions FLOKI to test the neck line at the previous swing high of $0.00032049.

After this retest, a rebound could lead the price to target a new historical high above $0.003487. Fibonacci retracement levels suggest potential price targets of $0.00042 and $0.00062, which corresponds to Fibonacci extensions of 1.272 and 1.618, respectively.

On the other hand, a slide below the 78.60% Fibonacci level will lead to a decrease in the price before retesting the support levels at $0.000227 or $0.00020.

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The capitalization of SUI dropped by $900 million

There was a serious glitch in the Sui network today. According to Suivision and Suiscan, the blockchain stopped producing blocks at 12:15 Moscow time and has not yet restored its operation. This has caused serious concerns among the participants of the crypto community. Meanwhile, the quotes of the SUI cryptocurrency fell by 9.2% to $3.42. The capitalization of the project lost about $900 million and dropped to $9.76 billion.

The Sui team promptly responded to the incident. According to community representatives, the problem is related to errors in some validators. The developers are actively studying the situation and trying to restore the stability of the network. However, no specific time frame for the decision has yet been announced. The fall in the value of the native digital asset and the network failure is causing concern to investors, who are afraid of further problems and a possible decrease in confidence in the project.

It is worth noting that 2 days ago, the main Sui network was updated to version 1.37.3, and the protocol to version 68. The update was supposed to improve network performance and reliability. However, it is possible that the failure may be due to recent changes in the system.

Analysts believe that prolonged shutdowns of the blockchain can negatively affect Sui's position in the market. Competitors, including Ethereum and Solana, continue to develop their ecosystems and attract users. and Sui may lose part of the audience if it does not fix the problem promptly.

The situation remains tense. Investors are advised to keep an eye on updates from the project team. Returning the network to normal operation and a convincing explanation of the reasons for the failure can mitigate the consequences. However, if the problem drags on, it may lead to a deeper drop in the price of the token and a decrease in interest in the project.

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Bots could provide record figures in the Solana blockchain

According to Glassnode, on November 16, the volume of transactions in the Solana blockchain reached a record high of $318 billion. This is almost three times higher than the market capitalization of the Solana (SOL) cryptocurrency, which currently stands at about $112.5 billion. The number of active addresses on the network has also grown to a maximum of 22 million.

Experts from the analytical company Glassnode noted that at the same time, the average volume of transactions on the Solana network decreased. This raised questions among experts about the reliability of blockchain indicators, since organic growth is accompanied by an increase in average indicators.

Such dynamics of growth in network activity may indicate the activity of bots on the Solana network," Glassnode analysts wrote.

Another record indicator of Solana, which was doubted by experts, was the maximum trading volume of $6.93 billion on the network's DEX platforms. Thus, according to DefiLlama, on November 19, the Raydium exchange accounted for 74% of the total trading volume. However, a closer analysis of the exchange's liquidity pools shows that many of them have virtually no liquidity and generate unrealistic trading volumes.

For example, there was only $7 of liquidity in the SOL-HAT pool, but the trading volume per day was almost $400,000.

This is not the first time that Glassnode analysts have claimed the presence of inorganic activity in Solana. On November 4, they claimed that "the sharp increase in the volume of transactions on the network was caused by the high activity of wallets using multiple accounts."

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Cardano (ADA) may fall below $0.70 and here's why

Recently, the Cardano (ADA) exchange rate tried to break through the $0.80 mark, but failed. Since then, the price has rolled back and cannot recover in any way, which causes concern and pessimism among investors

We are looking into what is happening with Cardano (ADA) and how real the risks of further decline are.

Cardano's liquidity concentration is decreasing

According to Coinglass, the liquidation map is one of the key indicators suggesting that the price of ADA may decrease. This map shows the price levels at which mass liquidations can occur, and also identifies price zones with a high concentration of liquidity.

The Cardano liquidation map shows that the concentration area has shifted to $0.69. This means that the asset price may roll back from current levels to $0.69 in the near future. In general, this forecast is consistent with market conditions.

The drop in ADA trading volume also hints at a potential price drop. This figure has decreased from almost $6 billion on November 16 to $1.78 billion today. This means that the market's interest in Cardano is falling.

The combination of the two factors described above increases the likelihood of the cryptocurrency falling in the near future.

ADA Forecast: Next stop is $0.63

At the time of writing this analysis, ADA is trading at $0.7271, having not shown any strongly directional dynamics in the last 24 hours. Nevertheless, over the past seven and 14 days, cryptocurrencies have increased in price by 27% and 119%, respectively.

The daily chart (attached below) shows that the distance between the Bollinger Bands (BB) is increasing. This technical indicator helps to measure the level of volatility of the cryptocurrency, as well as the degree of its overbought/oversold.

In the case of Cardano, the location of the indicator suggests that the rate is in danger of a drawdown below $0.68. If the selling pressure increases further, the altcoin may fall in price to $ 0.63.

Under favorable conditions, however, ADA will get a chance to climb to the $0.82 mark. This will happen if the activity of buyers increases, and investors prefer to hold assets rather than sell them.

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