Bitcoin jumped from around $64,330 to $74,440 last week, marking a 23.23% weekly gain after months of decline and stagnation. This surge, predicted by analysts in early August, signals a potential new bull market similar to past recoveries in 2019 and post-FTX collapse. Ethereum and XRP also saw significant gains, contributing to a $420 billion increase in the overall cryptocurrency market. While optimism is high, a short-term correction is possible due to Bitcoin's overbought status, but the trend could extend into late 2026 and 2027 with prices possibly reaching $200,000.
The global cryptocurrency market capitalization increased by 0.7% to reach $2.594 trillion. However, both Bitcoin and Ether saw declines during the same period, with Bitcoin dropping 0.4% in 24 hours and 2.9% over seven days, trading at $74,572.25. E...
Open interest in Solana's perpetual futures surged 4.55% to $832.5 million, the fastest gain among five major cryptocurrencies, indicating growing trader interest. Bitcoin's open interest also rose 3.06% to $7.41 billion, while Ether's declined sligh...
David Schwartz, former CTO of Ripple, has sold about 90% of his XRP holdings, reducing from 26 million to 3 million tokens due to decreased risk tolerance. He also cut his Bitcoin and Ethereum holdings significantly. Despite this, he still holds a su...
Capital B has purchased an additional 12 Bitcoin, increasing its total Bitcoin holdings to 3,550 BTC. The company plans to continue accumulating Bitcoin through capital-market financing, signaling a strategic move to build its cryptocurrency portfoli...
Crypto trader Michaël van de Poppe is optimistic about Bitcoin's price, stating it must maintain support around $74,000 to potentially recover toward $80,000. As of early Nov. 11, Bitcoin traded near $73,755, close to this critical level. Holding abo...
