Passive Income

Senin, 25 November 2024

πŸ† Could a $100K Bitcoin price spark a major correction?

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
Email doesn't look properly? Click the link

Long Live the Crypto—New ATHs

Bitcoin hit a new all-time high of $99,502 on Nov. 21, jumping over 4.5%. The surge came after reports that Trump's team might create a White House role for crypto policy,  pushing the crypto market to a $3.17 trillion valuation . Among the top 10 altcoins, XRP is up 27%, ETH has gained 8%, and Solana has hit a new high, surpassing $260.

Time to get crypto

Top Gainers and Biggest Losers

In the past two weeks,  SOLO led gains with a 660%  surge, followed by  XLM at 380%  and  OM at 170% , showing strong market interest. However,  NEIRO dropped 23% , making it the period's biggest loser.

Sologenic SOLO $0.76 ▴ 160.17%
Get SOLO
Stellar XLM $0.51 ▴ 113.64%
Get XLM
Mantra OM $3.64 ▾ -12.74%
Get OM

Wondering what are the  best & worst performing crypto  on a daily basis? Subscribe to our price alerts here.

What Is Pushing the Market?

What a Comeback!
Solana hit a new all-time high on Nov. 22, two years after the FTX crash tanked its price.  SOL reached $264.31 on Coinbase . It's been on a tear this year, up 160% since January 2024. Back in December 2022, after the FTX fallout, Solana dropped to under $10.
Celebrate SOL
Gary Gensler to Step Down
SEC Chair Gary Gensler, known for his tough crypto stance, will step down  on Jan. 20, 2025 , as Trump begins his second term. Gensler called his time at the SEC "an honor." Trump had earlier vowed to "fire" him to win over crypto fans.
What else Trump's win brings to us
Bitcoin ETFs Smash $100B
Bitcoin ETFs in the U.S.  hit $100B in assets on Nov. 21 . Interest surged after the January launch of spot ETFs and Trump's Nov. 5 election win, with $5B in November inflows.
BTC ETFs

The crypto market is on fire right now, so you might be thinking about selling some before a correction hits. But keep reading to find out if you should hold on like  a true HODLer for bigger gains  or cash out now.

Sell for gains

The Bitcoin bill is gaining support in the U.S., boosted by Trump's win and the Republican Senate. With  $18–19 billion in federal BTC  holdings and state initiatives like Pennsylvania's reserve act, experts like Adam Back see Bitcoin potentially hitting $1 million.

Bitcoin could hit  $150,000 in 2025 , based on past post-halving rallies. After previous halvings, Bitcoin surged 8,000% in 2012, 2,900% in 2016, and 560% in 2020. A similar rise after the April 2024 halving could bring it to $150K. With a pro-crypto administration and more institutional adoption, Bitcoin looks set to follow its historical pattern.

Bitcoin's current rally may  peak at $100K , similar to 2021 when a bearish divergence led to a 77% drop. If history repeats, it could drop to around $60K, making a 40% correction, which also lines up with a key trendline.

Rally or retreat?

Have you enjoyed this letter?


© Changelly 2015—2024

Get access to mobile-only rates
Download the app to get exclusive benefits:



About  |  Privacy Policy

Manage Subscription

Any information provided in this email does not constitute investment advice or investment recommendation nor does it constitute an offer to buy or sell or a solicitation of an offer to buy or sell digital assets or other financial instruments described in this email. In particular, this information should not be used as a substitute for suitable investment and product-related advice. Unless expressly stated otherwise, all pricing information is non-binding.

You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information in this email before making any decisions based on such information.

Postingan Populer