The crypto industry recorded an impressive rally, fueling the boom in trading volumes on exchanges.
Bitcoin and Ether ETFs attracted billions in November, highlighting rising investor confidence and Ether’s post-election dominance.
Retail FOMO remains below 2021 levels, with only some altcoins showing strong performance, noted Jupiter Zheng from HashKey Capital.
The crypto market losses due to thefts and rug pull stood at $71 million in November 2024, a sharp 79% drop from the $343 million lost in November 2023.
Bitcoin whales took advantage of the recent dip to $91,000, accumulating a total of 16,000 BTC worth $1.5 billion.
The overall cash inflow to the Ethereum network and its layer two scaling solutions led by Coinbase-backed Base has significantly increased in the recent past.
Bitcoin spot ETFs closed the week with a $103 million daily inflow after facing significant outflows earlier.
Miners face a 50% block reward cut since April, with daily bitcoin mining capped at 450 coins.
XT, a crypto exchange, has lost $1.7 million to hackers who have quickly converted the stolen funds to Ethereum.
The overall supply of Bitcoin on centralized exchanges has continued to shrink in the recent past fueled by rising demand from institutional investors.
While the crypto market remains in decline, with Bitcoin dropping to $92,668, strong inflows into Ethereum ETFs signal growing confidence among institutional investors, who are betting on recovery as Ethereum eyes the $4,000 level.
Solana-based Peanut the Squirrel (PNUT) meme coin has seen a sharp decline and continues to trend downward from its all-time high of $1.95 in mid-November.
As of November 25, Bitcoin spot ETFs collectively hold $102.23 billion in net assets, with a cumulative inflow of $30.40 billion.
Digital assets products bagged $3.12 million from institutional investors as the market enters a maturity phase.
MicroStrategy solidifies its position as the largest corporate Bitcoin holder, now owning 386,700 BTC, which it acquired for $21.9 billion.