Bitcoin has just suffered a small setback, losing two points of its market dominance over the last couple of weeks.
Of course, we’re not fully into alt season yet, but alts are certainly enjoying Bitcoin’s surge and putting up some pretty good numbers.
Everyone’s portfolio is looking healthy (finally!), but some traders are already playing the FUD card.
You know how it goes – “what goes up, must come down” and all that. These analysts are suggesting that Bitcoin might be getting a little ahead of itself.
What do they have to say? We could see Bitcoin around $75K in the next few days. This isn’t because something is wrong – it’s simply how the market works. When things start to look a little too good, that’s usually when the market decides to keep us on our toes.
And speaking of keeping us on our toes – altcoins are showing some interesting moves. While Bitcoin continues to dominate the headlines, there is some very smart money moving in different corners of the market.
Let’s break it down! Here is a recap of the top headlines of the last 24 hours:
Cardano’s Charles Hoskinson is set to become Trump’s new crypto advisor – but why him? Why not other big names? 🤔
DOGE recently posted a 93% weekly gain with whales stepping in. What triggered this rally? 🚀
ETH whales hit $10.4B while long-term holders remained steady. Why the sudden interest in Ethereum, especially when institutions showed minimal interest in an ETH ETF? 🤔
Animoca Brands is hedging its bets ahead of GameFi – are they preparing for something big or losing interest in blockchain gaming? 🎮
Solana hits $100B market cap milestone with explosive user growth – but can the meme coin keep up the momentum? 🌟
But before diving into these stories, let’s look at
A quick market analysis! Bitcoin has just done something pretty spectacular – breaking its previous record and moving above $81,000.
What’s even more interesting? This isn’t just another random price surge. The data shows some fascinating patterns that may tell us where we’re headed.
The market’s reaction to the US presidential election has been nothing short of dramatic. According to data from Glassnode, we’re seeing profit booking volume increase to $635M per day.
But this is actually modest compared to previous rallies. When Bitcoin hit its previous high in March 2024, we saw profit booking volume reach $3.1B. This suggests we may still have more room to grow.
Let’s talk about smart money moves.
The options markets are painting an interesting picture. There is currently $28.3B in open interest, just slightly lower than the March 2024 peak of $30.2B.
What’s especially notable is the (almost) equal split between puts and calls – indicating that the big players are hedging their bets in both directions. They’re clearly preparing for some big moves, but they’re not all betting the same way.
Remember January 2023 when ETF approval sent Bitcoin surging wildly? Well, current ETF flows are showing similar patterns, but with a twist. We’ve seen some serious withdrawals in the days leading up to the election, but with prices hitting new highs, we’re set for another wave of institutional FOMO.
What should you do?
Instead of trying to time these volatile moves, focus on the bigger picture. Keep an eye on those options market indicators – they’re often the canaries in the coal mine.
When you see extreme volatility readings like we have now, it’s usually prudent to size your position appropriately and avoid using excessive leverage.
Consider setting clear entry and exit points based on key technical levels, and remember that during high volatility periods, it can be important to keep some dry powder ready for sudden changes.
Now let’s dive into today’s stories!
Cardano Founder Becomes Trump’s New Crypto Adviser?
Charles Hoskinson, who helped create Ethereum before launching Cardano, has just announced that he will work with lawmakers to shape U.S. crypto regulations.
This isn’t just another tech guy moving to D.C. Hoskinson has been quietly preparing Cardano for something big — turning it into a Bitcoin layer-2 solution.
Cardano’s ADA token rose 33% to $0.64 following the announcement. The timing is interesting too – he specifically mentioned working with a potential Trump administration in 2025.
So why him? Why not other big names? Read the full story!
The DOGE Whales Are Back
The OG meme coin is making a lot of buzz.
Dogecoin has just had a spectacular 93% rally in a single week, and market signals suggest this might just be the warm-up act.
24-hour trading volume increased by 233%.
The interesting thing? Whale transactions have increased by 5.5%.
But why is this so important? And what is fueling this rally? Read the full story!
ETH Whales Just Made a Huge Move
The recent 30% surge in Ethereum’s price to $3,200 has been impressive.
Cardano founder becomes Trump’s new crypto adviser?
Charles Hoskinson, who helped create Ethereum before launching Cardano, has just announced that he will work with lawmakers to shape U.S. crypto regulation.
This isn’t another tech guy heading to D.C. Hoskinson has been quietly preparing Cardano for something big – turning it into a Bitcoin layer-2 solution.
Cardano’s ADA token rose 33% to $0.64 after the announcement. The timing is interesting too – he specifically mentioned working with a potential Trump administration in 2025.
So why him? Why not other big names? Read the full story!
The DOGE whales are back
The OG meme coin is getting a lot of buzz.
Dogecoin has just had a stunning 93% rally in a single week, and market signals suggest this could just be the warm-up act.
24-hour trading volume increased by 233%.
What’s interesting? Whale transactions increased by 5.5%.
But why is this so important? And what’s fueling this surge? Read the full story!
ETH Whales Made a Huge Move Recently
The recent 30% surge in Ethereum’s price to hit $3,200 is impressive, but there’s something even more interesting happening below the surface. Whale transactions over $1 million have seen a huge surge, with 8,482 large transfers totaling over $10.4 billion.
These aren’t just random numbers — they’re signaling an influx of serious institutional money into Ethereum.
The “liveliness” metric, which tracks long-term holder behavior, is showing some fascinating patterns. While some experienced investors are taking profits, many are still holding firm, creating an interesting dynamic in the market.
So why the sudden interest in Ethereum, especially when institutions have practically given up on ETH ETFs? Read the full story!
GameFi’s surprising new strategy
Animoca Brands has just made an unexpected move. The company known for bringing blockchain games is suddenly topping October’s venture investment charts with nine strategic deals – and they’re not just betting on gaming anymore.
The Web3 giant is now investing money in DeFi, DePIN, and AI projects. It’s outpacing big companies like CMS Holdings and Hack VC, which suggests something big is coming.
This strategic shift comes alongside talks of a potential public offering. Chairman Yat Siu is eyeing Hong Kong or the Middle East for a listing, although Hong Kong seems to have the edge.
How do we know they’re going for a public offering? Read the full story!
Solana makes history
Solana has surpassed $100 billion in market cap for the first time. If that number seems huge, here’s some perspective – SOL’s price hit $214.06, making it the fourth most valuable cryptocurrency in the world.
What’s driving this surge? Surprisingly, it’s not just the broader market rally (although Bitcoin crossing $80,000 certainly helps). Solana’s meme coin explosion is doing the magic. Pump.fun generated $30.5 million in revenue last month, while Raydium hit a staggering $30 billion in trading volume.
Solana’s user base has grown from 509,000 monthly active addresses in January to over 100 million now. That’s a 42% increase since September alone.
