Bitcoin just took a bit of a hit, losing two points of market dominance in recent weeks.
Of course, we’re not in peak alt season yet, but alts are definitely benefiting from the rise of Bitcoin and showing very good numbers.
Everyone’s portfolio seems healthier (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 suggest that Bitcoin could be getting a bit ahead of itself.
Their opinion? We could see Bitcoin hovering around $75,000 in the coming days. It’s not because something is wrong, it’s just the way markets tend to work. 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 has been monopolizing the attention, some pretty smart amounts of money have been moving into different corners of the market.
Let’s make sense of it all! Here is a brief overview of the main headlines from the last 24 hours:
- Cardano’s Charles Hoskinson Prepares to Become Trump’s New Crypto Advisor – but why him? Why not other big names? 🤔
- DOGE just made a 93% weekly gain thanks to whale movements. What triggers this race? 🚀
- ETH whales have moved $10.4 billion while long-term holders stay put. Why the sudden interest in Ethereum, especially when institutions have shown minimal interest in ETH ETFs? 🤔
- Animoca Brands expands its bets beyond GameFi – Are they gearing up for something bigger or are they just losing interest in blockchain games? 🎮
- Solana Crosses $100 Billion Market Cap Milestone With Explosive User Growth – but can the coins themselves maintain this momentum? 🌟
But let’s dive into these stories,
Bitcoin has just achieved something quite spectacular: breaking its previous record and surpassing $81,000.
What’s more interesting? This isn’t just another random price hike. The data reveals fascinating trends that could tell us where we are going.
The market reaction to the US presidential election was nothing short of dramatic. According to Glassnode data, we see an increase in profit volumes of $635 million per day.
But it’s actually modest compared to previous rallies. When Bitcoin reached its previous high in March 2024, we saw profit-taking volumes reach a massive $3.1 billion. This suggests that we may still have more room to maneuver.
Let’s talk about smart money moves.
Options markets paint a fascinating picture. There is currently $28.3 billion in open interest, just shy of the March 2024 peak of $30.2 billion.
What is particularly telling is the (almost) equal split between puts and calls, indicating that the big players are hedging their bets in both directions. They are clearly preparing for major moves, but they are not all betting the same way.
Remember January 2023, when ETF approvals sent Bitcoin into a wild ride? Well, current ETF flows show similar trends, but with one difference. We saw significant capital outflows in the days leading up to the election, but with prices reaching new highs, we appear to be headed for a new wave of institutional FOMO.
What should you do?
Rather than trying to time these volatile moves, focus on the big picture. Keep an eye on options market indicators: they are often the canary in the coal mine.
When you see extreme levels of volatility like we are experiencing now, it is generally a good idea to size your positions appropriately and avoid using excessive leverage.
Consider setting clear entry and exit points based on key technical levels, and remember that during periods of high volatility, having dry powder ready for sudden moves can be crucial.
Now let’s move on to today’s stories!
Charles Hoskinson, who helped build Ethereum before launching Cardano, just announced that he will work with lawmakers to shape US crypto regulations.
This isn’t just another techie heading to DC. Hoskinson has quietly positioned Cardano for something bigger – turning it into a layer 2 Bitcoin solution.
Cardano’s ADA token soared 33% to $0.64 after the announcement. The timing is also interesting: he specifically mentioned collaboration with the possible Trump administration in 2025.
So why him? Why not other big names? Read the full story!
The OG meme piece is having a good time.
Dogecoin just completed a stunning 93% rally in a single week, and market signals suggest it could simply be an act of preparation.
24-hour trading volume exploded by 233%.
The interesting part? Whale transactions are up 5.5%.
But why is it important? And what triggers this race? Read the full story!
Ethereum’s recent 30% price rise to $3,200 is impressive, but something even more interesting is going on beneath the surface. Whale transactions exceeding $1 million have exploded, with 8,482 massive transfers totaling more than $10.4 billion.
These aren’t just random numbers: they signal that significant institutional funds are flowing into Ethereum.
The Liveness metric, which tracks long-term holder behavior, shows some fascinating patterns. Although some seasoned investors are making profits, many are holding on, creating intriguing momentum in the market.
So why the sudden interest in Ethereum, especially when institutions have all but abandoned ETH ETFs? Read the full story!
Animoca Brands has just made an unexpected decision. The company known for bringing us blockchain games is suddenly topping October’s venture investment rankings with nine strategic deals – and it’s no longer just betting on games.
The Web3 giant is now investing money in DeFi, DePIN and AI projects. It’s outpacing major players like CMS Holdings and Hack VC, suggesting something bigger could be afoot.
This strategic change is accompanied by rumors of a possible public offering. President Yat Siu is considering bringing in Hong Kong or the Middle East, although Hong Kong appears to have the advantage.
How do we know they’re going to IPO? Read the full story!
Solana has just crossed a market capitalization of $100 billion for the first time. If that number seems huge, here’s some perspective: SOL’s price has reached $214.06, making it the fourth most valuable cryptocurrency in the world.
What is driving this push? Surprisingly, it’s not just a broader market rally (although Bitcoin surpassing $80,000 certainly helps). Solana’s coin explosion does the magic. Pump.fun generated $30.5 million in revenue last month, while Raydium recorded a staggering $30 billion in trading volume.
Solana’s user base has grown from 509,000 monthly active addresses in January to more than 100 million today. This represents an increase of 42% since September.
But the meme coins were already making Solana climb… what’s new this time? Read the full story!
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