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Fri. Nov 22nd, 2024
Trending News: With Crypto Rally in Full Swing, Ethena Sees $1B in Inflows and Double-Digit Yields ReturnBitcoin Sets New All-Time High of $94,000 as ETF Options Trading Kicks OffTrading Frenzy Fuels Wild Swings in ‘Eliza’ AI TokensCoinDesk 20 Index Moves Up, Fueled by HBAR’s 13.3% Gain Since MondayFirst Mover Americas: The Launch of Bitcoin ETF Options Could Mark a Significant Change.JPMorgan: Bitcoin Mining Economics Strengthened During Early NovemberMARA Holdings Increases Size of Convertible Notes Offering by $150M Amid Exceptional Investor Demand.SOL Looks to Outperform BTC as Solana-Based DEXs Achieve $41B in Record Trading Volume: GodboleDonald Trump’s Media Venture Eyes Bakkt in Possible Crypto Exchange DealEther’s Fall from Favor: What’s Driving the Shift?$100K Bitcoin Is Within Sight, Yet Market Volatility Raises Blow-Off Top Concerns.Market Awaits Possible Spot Bitcoin ETF Options Trading TomorrowIs Congressional Approval Necessary for a Strategic Bitcoin Reserve? Experts Disagree on the Path Forward.XLM Surges 73.2% Over the Weekend, Driving Strong Performance in CoinDesk 20 IndexAdding 215 Bitcoin, Semler Scientific Boosts Its Reserves to 1,273 BTCFirst Mover Americas: Solana Breaks to New Highs in Current Market CycleUnder Michael Saylor, MicroStrategy Adds 51,780 More Bitcoin to Its Holdings for $4.6 Billion.MARA to Issue $700M in Convertible Senior Notes, Shares Decrease 5%XRP Up 17%, Outperforming the Rest of the Market as the Rally Eases; Trader Maintains $120K Bitcoin OutlookA Strategic Bitcoin Reserve Aligns with Past Large Purchases by the U.S. Government, Michael Saylor Explains.Crypto Dips After Fed Chair Powell’s Hawkish StatementsCoinDesk 20 Performance: ADA Up 18.4%, Pushing Index to New HeightsFirst Mover Americas: Bitcoin Drops as Investors Lock in ProfitsThird-Largest Outflow Hits Bitcoin ETFs; Could This Be the Calm Before a Bullish Storm?Bitcoin on Unstable Terrain? Key Indicators Align With Signals That Predicted Trump Media’s Slide.LTC Takes the Lead in CoinDesk 20, Rising 8.5% Since MidweekFirst Mover Americas: Bitcoin Maintains $91K as ETF Inflows Show Consistent Strength.Van Straten on Bitcoin in a 60/40 Portfolio: “Stronger Returns, Lower Risk.”U.S. ETFs Witness $4.7B Inflows Over Six Days, Elevating Bitcoin to 7th-Largest Asset GloballySygnum Reveals Growing Institutional Appetite for Crypto: 57% Aim to Increase Holdings.BTC Retreats Below $90K After $93.4K Surge: A Sign of Nasdaq-S&P 500 Link?“A $115M Crypto Fund Targets Latin America with Ambitious Investment Strategy”US Inflation Report Expected to Push Bitcoin’s Volatility Higher Later Today, Says Van Straten.Crypto investments have led to a $5B increase in stablecoin supply since the U.S. election.Crypto and FX Diverge: BTC Stalls at $90K as Dollar Rally Picks Up Speed.Bitcoin Reserves in El Salvador Cross $500M, While Bhutan’s Crypto Plans Could Be Even BiggerSouth Korea’s Dogecoin Obsession Sparks Price Premium on Local PlatformsTrump’s Recognition of D.O.G.E Solidifies Dogecoin’s Shift From Meme to Market RealityCrypto Market Booms: Bitcoin Soars to $90K, $900M in Leveraged Positions Cleared.Bitcoin Shatters Resistance, Reaching $93K as U.S. Demand Drives Prices to New Heights.Besting BitcoinCF Benchmarks Reports Spike in $100K CME Options Amid Bitcoin’s Climb Beyond $93KSOL, PEPE, ADA, XRP Now on Robinhood Following Trump’s Historic Election WinCoinDesk 20 Performance Snapshot: HBAR Sees 11.4% Drop, Leading the Index Down Since TuesdayBitcoin breaks above $89K following a 0.2% increase in October U.S. CPI, in line with forecasts.First Mover Americas: BTC Consolidates Gains After Hitting $90K CeilingEthereum ETFs Register Gains for the First Time After Days of Continuous InflowsVan Straten: Bitcoin ‘Shrimps’ Taking Advantage of Rally as Whales Liquidate PositionsEther ETF Inflows Hit Unprecedented Levels, Bitcoin Follows as $90K Target LoomsDogecoin Leaps 48% as Investors Aim for $1 ThresholdCoinDesk 20 Performance: POL Sinks 7.7%, Dragging the Index DownwardOptions Market Shows Strong Demand for 90-Cent XRP Calls as Prices Hover Near 65 Cents: GodboleFirst Mover Americas: Bitcoin Approaches $90K Amid Chaotic Trading SwingsHello world!
Fri. Nov 22nd, 2024

First Mover Americas: The Launch of Bitcoin ETF Options Could Mark a Significant Change.

Crypto Market Update – November 19, 2024

This article appears in First Mover, CoinDesk’s daily newsletter, providing context to the latest price movements in the cryptocurrency market. Subscribe to receive it straight to your inbox every day.

Latest Market Prices:

  • CoinDesk 20 Index: 2,975.88 (+1.3%)
  • Bitcoin (BTC): $92,456.36 (+2.06%)
  • Ether (ETH): $3,144.77 (+2.37%)
  • S&P 500: 5,893.62 (+0.39%)
  • Gold: $2,636.70 (+0.85%)
  • Nikkei 225: 38,414.43 (+0.51%)

Top Stories

Bitcoin (BTC) remains strong around $92,000, just shy of its all-time high, reflecting a 2% increase over the past 24 hours. This outpaces the broader market, with the CoinDesk 20 Index gaining only 1.1%. Altcoins such as Chainlink (LINK), Hedera (HBAR), and Uniswap (UNI) saw notable gains, as traders anticipate broader institutional adoption and reduced regulatory challenges under a potential Trump administration. Crypto hedge fund QCP suggests Bitcoin might attempt a run towards $100,000 in the coming months, potentially triggering an altcoin rally as traders rotate profits into other crypto assets. However, some market analysts, like Augustine Fan from SOFA, warn that a sharp pullback could follow a rapid price increase due to the frothy market conditions.

Bitcoin ETF options trading is expected to begin today, with BlackRock’s iShares Bitcoin Trust (IBIT) ETF clearing its final regulatory approval. This significant milestone could attract substantial institutional interest, boosting trading volumes and potentially triggering sharp price movements for Bitcoin. According to 10x Research, such options trading could resemble the surge seen in MicroStrategy (MSTR) options, which has seen open interest surpassing its market capitalization, indicating a potential parallel in Bitcoin options activity. The limited supply of Bitcoin could further amplify price swings as institutional demand builds.

Bitcoin mining economics have also seen a positive shift in November, with the hashprice—an indicator of mining profitability—rising by 30% in the first two weeks of the month. This improvement, driven by Bitcoin’s price rally, has positively impacted U.S.-listed mining companies, with their combined market capitalization rising by $8 billion. These companies now account for 28% of the global Bitcoin network hashrate, maintaining their record share.

Chart of the Day

The chart displays daily active addresses across top blockchain networks. Solana (SOL) continues to lead the pack, highlighting its potential for outperformance compared to other platforms, with Near Protocol trailing far behind. This trend suggests that Solana could continue to see strong growth in the coming months.

Source: Artemis

    • AdminCoinTelegraphLive

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