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Crypto Boom November Exploded With Record Volumes
Latest figures show the highest levels since 2021
Rich Webb
December 03, 2024 • Read Time: 8 minutes
November ignited the cryptocurrency world, with trading volumes soaring to heights not seen since mid-2021.
The stats are now in and show that spot trading volumes reached an eye-popping $2.71 trillion, more than doubling October's figures, thanks largely to political winds turning in favor of crypto and strategic moves from market players like Binance.
With sentiment high and regulatory landscapes possibly shifting, the crypto market is buzzing with potential and speculation. Let's dive in!
Crypto trading volumes in November surged to $2.71 trillion, the highest since May 2021, with Binance leading the market. — Read More
Paul Atkins is the leading candidate for SEC Chair with 70% odds, emphasizing innovation in crypto regulation, as Gensler's term ends January 2025. — Read More
Coinbase's Faryar Shirzad forecasts swift crypto regulations with Trump's presidency and pro-crypto Congress. — Read More
MicroStrategy and Coinbase aim for Nasdaq-100 inclusion amid growth, analysts highlight classification challenges. — Read More
XRP re-enters the top five cryptocurrencies with a market cap surge post-SEC legal battles, fueled by regulatory shifts and upcoming projects. — Read More
Crypto liquidations spike 43% to $534M despite market holding steady, $69M in XRP liquidations lead losses. — Read More
Historically, Bitcoin has seen an average return of 4.89% in December.
However, in halving years (2020, 2016), the average return for December is +38%.
— Milk Road (@MilkRoadDaily)
1:45 PM • Dec 2, 2024
Bitcoin's $100K Target Within Reach Following Network Shift
Bitfinex analysts suggest Bitcoin could surpass $100,000 if short-term demand competes with long-term holder supply dynamics,
MicroStrategy Buys More Bitcoin, Reaching $38 Billion Worth
MicroStrategy invests $1.5 billion in 15,400 Bitcoin, pushing total holdings to 402,100 BTC valued at $38 billion.
US Transfers $1.9 Billion Bitcoin to Coinbase
US government moves $1.9 billion in Bitcoin to Coinbase, impacting market sentiment.
Bitcoin's Impact on Institutional Treasuries: Risks and Rewards
Bitcoin offers both potential growth as a treasury asset and challenges due to volatility and regulatory issues.
Metaplanet Introduces Bitcoin Lottery for Shareholders
Metaplanet partners with SBI VC Trade to reward shareholders with Bitcoin through a new lottery program.
Coinbase Integrates Apple Pay for Crypto Purchases
Coinbase enables Apple Pay for fiat-to-crypto transactions, simplifying user onboarding.
Ethereum Funds Achieve Record Inflows in 2024
Ethereum funds see record net inflows of $2.2B in 2024 as investors pivot from Bitcoin, according to CoinShares.
Ethereum Set for Potential Rally Amid Strong Fundamentals, Says Bernstein
Bernstein analysts find Ethereum offers a compelling risk-reward ratio despite its 2024 underperformance.
Ethereum Targets $3,680 After Bullish Recovery
Ethereum price rebounds to challenge $3,680 resistance amid bullish momentum.
ETH Products Outshine BTC as XRP Reaches Record Inflows
ETH products see $634M inflows, XRP hits record high amid ETF speculation, while BTC withdrawals hit $457M.
Solana's Meteoric Rise and Potential Correction
Solana sees 66.8% surge, faces correction as XRP overtakes in market position.
Polygon's MATIC Eyes Bull Run Above $0.70
MATIC price is rallying above $0.650, targeting a breakout beyond $0.700 resistance level.
Algorand Price Surge Precedes Brief Correction
Algorand price climbs 450%, expected to dip before continuing on a bullish trend.
AVAX Targets $134 Following 90% November Surge
AVAX soars 90%, eyes $134 amid bullish momentum.
XRP Reclaims Third Spot with Impressive Network Surge
XRP's market cap surpasses $154 billion amid significant growth in new wallet creation, driven by strong institutional interest and market dynamics.
Analyst Bullish on Cardano's $10 Target
Cardano gains over 250% amid pro-crypto policy hopes, eyeing a possible surge to $10 if resistance breaks.
The market cap of $XRP is now larger than the total market cap of ALL memecoins on the market
Wow.
— Milk Road (@MilkRoadDaily)
3:15 PM • Dec 2, 2024
Rexas Finance Raises $20.75M in Presale
Rexas Finance (RXS) recently concluded its presale Stage 8, raising $20,750,000, and draws interest from big-money investors with its RWA tokenization model.
LINK Price Soars to 3-Year High
LINK surges 35% to hit its highest price since January 2022, driven by bullish wave counts and technical indicators.
DePIN's Structural Flaws and Sustainable Solutions
DePIN projects' fixation on native tokens and misaligned hardware lead to sustainability issues, experts argue demand-first solutions for improvement.
Portal Launches Cross-Chain Gaming Hub and Wallet
Portal introduces cross-chain crypto gaming hub and wallet amid ongoing market challenges.
Coinbase Exits Turkish Market Plans
Coinbase retracts Turkish market application amid shifting strategies.
Brazil Proposes Restricting Stablecoin Transfers
Brazil's Central Bank plans to limit stablecoin transfers to non-custodial wallets to protect its economy.
Norway's Wealth Fund Eyes Ethics Probe into Crypto Firms
Norway's sovereign wealth fund will investigate portfolio companies for ethical breaches, potentially divesting from crypto firms.
South Korean Crypto Stocks Spike on Tax Delay
Crypto stocks in South Korea surged after lawmakers postponed the crypto tax implementation to 2027, providing temporary market relief.