Welcome to our thrilling weekly roundup in the dynamic realm of cryptocurrencies!
As we kick off another exciting week on Monday, November 18th, 2024, at 9:00:05 AM EST (3:00:05 PM CET), we delve into the latest price action of the top ten cryptocurrencies, as per Coin Market Cap. Join us as we analyze these figures and anticipate how the market will unfold throughout the week. Subsequently, we will compare these prices with the closing figures of Friday, November 22nd, 2024, at 6:00:02 PM EST (12:00:02 PM CET), to gain insights into the week’s market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $90,529.95 | 9.60% | $99,223.06 |
| ETH | $3,086.04 | 6.50% | $3,286.55 |
| BNB | $617.48 | 0.80% | $622.42 |
| SOL | $243.04 | 4.67% | $254.39 |
| XRP | $1.13 | 27.01% | $1.43 |
| TON | $5.47 | 0.35% | $5.49 |
| DOGE | $0.36 | 9.89% | $0.40 |
| ADA | $0.73 | 32.56% | $0.97 |
| AVAX | $34.89 | 12.93% | $39.40 |
Meet BFUSD: Binance’s New High-Yield Stablecoin
Binance has launched BFUSD, a stablecoin designed for high-yield earnings and use as collateral in trading and borrowing. With an impressive 19.55% APY, BFUSD offers a lucrative alternative to traditional stablecoins. Users simply need to hold BFUSD in their UM wallets to receive daily rewards—no staking or locking required. BFUSD maintains its stability with a 105.54% collateralization ratio and a reserve fund containing 1.1 million USDT as of November 17, 2024.
Bitcoin Surges to $93K: November’s Record-Breaking Rally
Bitcoin (BTC) reached a new all-time high of $93,826.60 after a 3.33% rally in 24 hours, driven by a 7.31% rise in trading volume to $73.66 billion. The surge followed breakthroughs at $85K and $91K, with a brief dip to $86K as some investors took profits. Now in price discovery mode, Bitcoin’s next peak remains unpredictable, but the momentum shows no signs of slowing down.
Bitcoin Nears $100K as Cardano Soars 200%
Bitcoin (BTC) continues its climb to $100K, peaking at $99,419 before stabilizing at $97,677. Cardano (ADA) shines among altcoins, surging 15% today and nearly 200% over the past three weeks. Traders are watching ETH, ADA, and BNB closely as market momentum builds.
Crypto Market Hits $3.4T; Dogecoin Surges 150% Post-Election
Two weeks after the U.S. election, crypto markets hit a record $3.4 trillion, with Bitcoin above $98,000. Dogecoin (DOGE) leads gains, surging 150% since Election Day, boosted by support from President-elect Trump and Elon Musk, who now co-leads the new Department of Government Efficiency (D.O.G.E.).
Solana Sets New Record with 77K Tokens Deployed in One Day
Solana reached a milestone, deploying over 77,000 token projects in a single day, fueled by meme coin popularity and low minting costs. This surge drove Solana’s on-chain activity to new highs, with trading volumes peaking at $6.76 billion, surpassing Ethereum’s $3.99 billion. Daily fee revenue hit $13.9 million, contributing to a three-month total of $6.9 million, solidifying Solana’s growing market presence.
Sources
https://coingape.com/binance-introduces-high-yield-bfusd-stablecoin/
https://www.crypto-news-flash.com/bitcoin-smashes-93800-ath-as-ethereum-and-altcoins-rally/
https://en.coin-turk.com/bitcoin-approaches-100k-while-cardano-and-ethereum-show-promising-trends/
https://cryptonews.com/news/solana-network-breaks-record-with-77k-tokens-deployed-in-a-single-day/
