The Recent price movements in crypto markets in context November 20, 2024.
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Latest Prices
CoinDesk 20, Index: 2,981.79 +0.61%
Bitcoin (BTC): $93,634.61 +2.04%
Ether (ETH): $3,090.71 -1.65%
S&P 500: 5,916.98 +0.40%
Gold: $2,628.53 -0.15%
Nikkei 225: 38,352.34 -0.16%
Top Stories
Bitcoin (BTC), is looking to reach record highs again heading into Wednesday’s U.S. session. The The largest crypto is trading at just below $94,000. This is the new record. Tuesday, and the broader markets with a 2% increase over the past 24-hours. MeanwhileCoinDesk 20, the wide-market CoinDesk, is now available. Index There was little change and altcoins with large market caps ether (ETH), and solana(SOL) fell. Options BlackRock’s spot Bitcoin ETF (IBIT), saw First-day trading activity is staggering Analysts noted that yesterday’s BTC price increase was a result of the BTC market. Most Calls were the most popular, representing a bullish viewpoint. Some traders even bet on IBIT’s share prices doubling. “It’s pretty interesting to see ‘professionals’ degen into $100 strikes (this effectively means a doubling of BTC prices given IBIT trades near $50),” crypto quant researcher Samneet Chepal noted. Options Other BTC ETFs will follow In the coming days, more activity will be fueled. It’s Not only bitcoin is the focus of crypto activity. Trading Volumes for popular altcoins XRP (XRP), and dogecoin (DOGE). Overcome BTC’s on South Korean crypto exchanges Upbit You can also find out more about the following: Bithumb.
MicroStrategy (MSTR) Breaking into the Top 100 U.S. Publicly traded companies Market capitalization Shares closed at a price of $0. Tuesday’s Session at a record of $430, far beyond its dotcom bubble heights. The The largest corporate bitcoin treasury is owned by a firm whose shares have risen 528% in the past year, outperforming both bitcoin and chipmaker titan Nvidia (NVDA). The CoinDesk analyst: CoinDesk continues to see positive developments for the firm James Van Straten noted. On MondayIt announced the issuance of a $5 billion convertible senior note with a coupon of 0%. “We are waiting on further developments if this convertible note has been oversubscribed, which would increase its issuance by $250 million, for a total of $2 billion,” Van Straten said.
Robinhood (HOOD ) is Most likely to benefit Crypto deregulation in the U.S. President-elect Donald TrumpBroker Bernstein Said in a news report. The The report stated that trading apps can increase revenues by listing new crypto products and tokens to target a wider market. Robinhood’s Acquisition of EU-based exchange Bitstamp Its European Platform Should “further boost value added crypto services,” The authors wrote. Bernstein Raising the price target for Robinhood Shares to $51 per share from $30, which is a 45% increase. Tuesday’s The closing price is the final price.
Chart You can also check out the Day
- This This chart is one of the most important charts in financial markets. The The yield on the U.S. 10 year note, also known as the risk-free rate is at a critical level.
- It The price could break above the downtrend or turn lower to form a head-and shoulder top. The The latter is likely to be good for risk assets unless it is accompanied by a ‘black swan’.
- Source: TradingView
– Omkar Godbole
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