Last Week in Crypto: Highlights in the World of Cryptocurrencies
As we kick off another exciting week on Monday, November 25th, 2024, at 9:00:05 AM EST (3:00:05 PM CET), we delve into the latest price action of the top ten cryptocurrencies, as per Coin Market Cap. Join us as we analyze these figures and anticipate how the market will unfold throughout the week. Subsequently, we will compare these prices with the closing figures of Friday, November 29th, 2024, at 6:00:02 PM EST (12:00:02 PM CET), to gain insights into the week’s market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $97,978.16 | -0.34% | $97,644.36 |
| ETH | $3,486.04 | 3.29% | $3,600.84 |
| BNB | $666.47 | -1.76% | $654.73 |
| SOL | $251.49 | -3.50% | $242.68 |
| XRP | $1.47 | 18.41% | $1.74 |
| TON | $6.22 | 4.21% | $6.48 |
| DOGE | $0.42 | 2.81% | $0.44 |
| ADA | $1.04 | 1.30% | $1.05 |
| AVAX | $45.20 | -1.53% | $44.51 |
Donald Trump Sparks Crypto Investment Surge
Newly elected U.S. President Donald Trump has become a key figure in the cryptocurrency space, advocating for crypto-friendly regulations and vowing to remove SEC Chair Gary Gensler. His personal crypto portfolio has surged from $3.6 million in August to $9.4 million, fueling growing market interest. Trump’s involvement is helping to draw attention to the sector, contributing to a rise in crypto investments.
Solana Trader Turns $160 Into Millions With Viral Memecoin
A Solana-based trader struck gold with a $160 investment in the memecoin Just a Chill Guy (CHILLGUY). According to Solscan, the trader purchased 9.6 million CHILLGUY tokens for 0.50 SOL ($107) on Nov. 15 via Pump.fun, a Solana memecoin generator. Hours later, they added another 2.8 million tokens for 0.246 SOL ($51). The viral success of the meme has since skyrocketed the value of the tokens, turning the modest investment into a fortune.
Stablecoins Surge 77.5% in November, Reaching $1.81 Trillion
Stablecoin trading jumped 77.5% in November to $1.81 trillion, driven by rising institutional interest, according to CCData. Market capitalization grew 9.94% to $190 billion, surpassing the April 2022 record. Tether (USDT) leads with $133 billion, followed by USDC at $38.9 billion. However, dominance declined as traders diversified into Bitcoin and altcoins.
Indonesian Crypto Market Hits $30B, Up 350% Year-Over-Year
Indonesia’s cryptocurrency market reached over $30 billion in transactions from January to October 2024, a 350% increase from the previous year and the highest since the 2021 bull market. In comparison, the market recorded just $6.5 billion during the same period in 2023, down from $19.4 billion in 2022, according to the Commodity Futures Trading Supervisory Agency.
Crypto Market Rallies Post-Thanksgiving as Bitcoin Eyes $100K
The crypto market continued its Thanksgiving rally, with Bitcoin (BTC) rising 2.2% to $97,200, nearing the $100K milestone. Ethereum (ETH) and Solana (SOL) gained 1% and 2%, respectively, while XRP surged 15%, leading major coins. Total market capitalization reached $3.54 trillion. Liquidations totaled $194.29 million in the past 24 hours, despite low search interest for “Bitcoin,” currently at 54, far from its 2017 peak of 100.
Sources
https://en.coin-turk.com/donald-trump-leads-a-surge-in-cryptocurrency-investments/
https://cointelegraph.com/news/stablecoin-trading-volume-surges-1-8-t-november
https://cointelegraph.com/news/indonesia-cryptocurrency-transactions-cross-30-billion-2024
https://thedefiant.io/news/markets/bitcoin-nears-usd100-000-as-whales-snap-up-usd1-5-billion
