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Bitcoin’s recent drop below its realized price points to bearish trends, with potential lows of $66,575 if selling pressure persists.
Some developing countries are viewing Bitcoin as a means to achieve financial autonomy and reduce reliance on the US dollar.
DOGE has dumped the most from the larger-cap alts.
Quick Take This is an excerpt from the thirteenth edition of The Funding sent to our verified subscribers on Nov. 3. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Coins LUCE, GRASS, and ZEREBRO are trending on Solana, showing strong demand, transaction growth, and potential for gains.
The accusations led to swift action from OpenEden, which terminated Ng, and DWF Labs, which withdrew its funds and condemned his alleged behavior.
As Solana's price remains above critical support levels, explore what analysts expect for SOL in November following its impressive October rally.
- 02:24Belled ETHA has set the highest trading volume since its issuance, holding a total of 625,527 ETHAccording to Trader T's monitoring, BlackRock's ETHA set a record for the highest single-day trading volume since its issuance at 480 million US dollars, and its current total holdings are 625,527 ETH.
- 02:21The trading volume of stablecoins has soared to 1.8 trillion US dollars up until NovemberAccording to a report by CCData on November 27, as of November 25, the monthly trading volume of stablecoins surged by 77.5% to $1.81 trillion. This increase positions centralized exchanges to potentially reach a new annual high in monthly trading volume. The total market capitalization of stablecoins continued its 14-month rising trend, growing by 9.94% in November to $190 billion. This surpasses the previous historical high of $188 billion before the collapse of Terra's TerraUSD algorithmic stablecoin in April 2022. Despite this growth, the market share of stablecoins decreased from 7.22% in October to 5.54%, due to investors and traders diversifying their investments into Bitcoin and altcoins. USDT continues to show strong performance, with its market value increasing by 10.5% to $133 billion. USDT holds 69.9% of the overall market, followed by Circle's USDC, which grew by 12.1% in November to $38.9 billion, reaching its highest level since February 2023. Ethena Labs’ USDe also showed growth, with its market cap increasing by 42.2% to $3.86 billion.
- 02:17Arthur Hayes has switched ATH to ENA, accumulating 16.79 million ENA in the past two daysAccording to Lookonchain monitoring, Arthur Hayes has switched his ATH holdings to ENA. In the past 2 days, Arthur Hayes has accumulated 16.79 million ENA (11.21 million USD).
