🌙 Overnight, Bitcoin hit a new all-time high above $90,000 before pulling back.
📉 Altcoins are also in decline, with top losers including FET (-22%), WLD (-19%), CRO (-19%), MEW (-16%), and JASMY (-15%). 📈 Gainers include BONK (+22%), XLM (+10%), and XRP (+8%).
🔍 The Ethereum Foundation sold 100 ETH for 334,315.7 DAI, marking its first sale since its 2024 reserve report. With reserves at $970.2 million (99.45% in ETH), they plan regular ETH sales to fund public projects, totaling 4,266 ETH sold in 2024 for $11.83 million at an average of $2,773 per ETH.
👀 Cryptocurrency market capitalization reached $3.1 trillion on November 11, nearing France’s GDP.
The market cap grew by $765 billion over the past week, making the crypto market comparable to the world’s eighth-largest economy, behind only the U.S., China, Germany, Japan, India, the U.K., and France.
🟢 After Bitcoin’s new ATH, SUI, GOAT, and MEOW also reached historic highs. Next likely contenders include BNB, SOL, TAO, and PEPE, while ETH, JUP, WIF, and PENDLE remain over 50% below their ATH.
Traders are eyeing the $100,000 price level for BTC in the short term, as reported, in hopes that Trump will eventually launch a strategic BTC reserve after he takes office in January
