Cryptocurrency saw it's highest rise on 13th November.

On Nov 13th, 1 Bitcoin = $93 K !!

The introductory offer was 1 Bitcoin = $1 !!

Now, see the rise!!

First Mover Americas: Bitcoin Trades Around $91K as ETF Inflows Remain Strong

The latest price moves in crypto markets in context for Nov. 14, 2024.

Latest prices --

CoinDesk 20 Index: 2,668.37 +2.72%

Bitcoin (BTC): $91,632.85 +4.5%

Ether (ETH): $3,187.05 +0.7%

S&P 500: 5,985.38 -0.29%

Gold: $2,611.13 +0.02%

Nikkei 225: 38,535.70 -0.48%

Bitcoin traded either side of $91,000 after recovering from a dip to just above $89,000. BTC is 2% lower than its all-time high of $93,445, which it reached during the U.S. afternoon on Wednesday, but remains over 4% higher in the last 24 hours. Bitcoin ETFs recorded another $510 million of inflows Wednesday, taking the total for the last six days to $4.7 billion. "The Bitcoin ETFs are by far the majority driving force of bitcoin demand right now, soaking up almost all of the selling by Long-Term Holders. CME open interest is not growing meaningfully, reinforcing that this is a spot-driven rally," analyst Checkmate said in a post on X.

Here are the statistics from day 1 to date!

If you see the simple equation ....

If you bought 100 Bitcoins for $100 [one hundred dollars only!]

Today, its value is approximately ---

One coin is equal to 91 thousand dollars; it means

$100 = $9100000 approximately, that means ---

A whopping 755,300,000 Rs !!!

Taking risk in investing Rs 50,000 (at that time, $1 = 49 Rs)

The latest price moves in the crypto market as of November 14, 2024, show Bitcoin continuing its strong performance after a significant breakout ¹. It's currently testing the $90,000 region, a psychologically significant level that's attracting attention from traders and investors alike ¹.

*Key Market Trends:*

- _Bitcoin Price_: The market is digesting its recent gains, with some giveback expected, but overall, the trend remains bullish ¹.

- _Support Levels_: The $74,000 level is seen as a key support area, having previously acted as resistance ¹.

- _Institutional Investment_: Bitcoin's newfound status as an institutional asset is likely to sustain its price, even if gains are slower ¹.

*Other Cryptocurrency Performances:*

- _Solana_: Expected to surge 20% in November, driven by the Trump-led crypto boom ¹.

- _Natural Gas and Gold Prices_: Also showing significant movements, with Natural Gas looking strong and Gold facing pressures.

Originally posted by: nutmeg7

The latest price moves in the crypto market as of November 14, 2024, show Bitcoin continuing its strong performance after a significant breakout ¹. It's currently testing the $90,000 region, a psychologically significant level that's attracting attention from traders and investors alike ¹.

*Key Market Trends:*

- _Bitcoin Price_: The market is digesting its recent gains, with some giveback expected, but overall, the trend remains bullish ¹.

- _Support Levels_: The $74,000 level is seen as a key support area, having previously acted as resistance ¹.

- _Institutional Investment_: Bitcoin's newfound status as an institutional asset is likely to sustain its price, even if gains are slower ¹.

*Other Cryptocurrency Performances:*

- _Solana_: Expected to surge 20% in November, driven by the Trump-led crypto boom ¹.

- _Natural Gas and Gold Prices_: Also showing significant movements, with Natural Gas looking strong and Gold facing pressures.

Bitcoin entered the weekend shy of the landmark $100,000 level, once again dashing enthusiasts’ hopes that the oldest of digital assets would breach that significant financial — and psychological — threshold!!

Inflection Point

Trump’s transition team has begun to hold discussions over whether to create a new White House post dedicated to digital-asset policy, Bloomberg reported earlier. Crypto is seeking a direct line to the president-elect, who has shaken off his earlier skepticism of digital assets and is now seen as an industry cheerleader.

This perceived inflection point in the official US attitude to crypto is filtering across Wall Street. Charles Schwab Corp.’s incoming Chief Executive Officer Rick Wurster said Thursday the firm will get into offering spot crypto trading once regulatory changes materialize.

And we all know why. It was the US election period.