Cryptocurrency news digest for the night of November 21, 2024

The price of the digital coin Bitcoin (BTC) reached a new all-time high of $97,850. The share of the cryptocurrency rose to 58.1%, which once again emphasizes the market leadership. Against the background of the rapid increase in quotations, mass liquidations were also recorded. Over the past 24 hours, positions worth $449 million were forcibly closed in the market, affecting 157.56 thousand traders.

Bitcoin-ETFs have crossed the $100 billion mark in assets

As the price of Bitcoin rises, the total value of assets in US Bitcoin-ETFs has surpassed $100 billion. This result was achieved in just 10 months since the launch of the funds in the US, including BlackRock and Fidelity products. The success of the ETFs underscores the high interest of institutional investors and reinforces confidence in cryptocurrencies as an asset class.

Solana and other altcoins are aiming for the ETF market

Bitwise has applied to create an ETF based on Solana tokens. Other companies are also planning to launch spot ETFs on SOL, XRP, HBAR, ADA and AVAX. It is expected that the new administration in the U.S. may speed up their approval process. Expert Nate Geraci noted: the DOGE-ETF could be introduced before the end of the year.

Binance overtakes the world’s largest stock exchanges

Over the past 30 days, the total trading volume on the Binance platform (spot and derivatives markets) was 10% higher than NASDAQ and double that of the New York Stock Exchange (NYSE). Additionally, Binance handles half of all trades occurring on centralized crypto exchanges (CEX) globally.

The U.S. is planning a new crypto policy position

According to Bloomberg, President-elect Donald Trump’s team is discussing the creation of a position in the White House dedicated to cryptocurrency policy. The person occupying it would coordinate federal agencies and interact with the industry.

Japan reforms cryptocurrency taxation

The Japanese government has announced an economic stimulus package that includes changes to the taxation of cryptocurrencies. Currently, the tax rate on cryptocurrency gains is as high as 55%. This discourages investors. The new measures are expected to relax the rules, stimulating the market and attracting more participants.

1

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9.8

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2

바이낸스

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9.5

방문 리뷰 읽기

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Phantom has become more popular than WhatsApp

Phantom, a cryptocurrency wallet developed for the Solana blockchain, ranked 9th in the overall ranking of free apps in the iOS App Store. It also came 2nd in the Utilities category, second only to Google. This success shows the growing interest in Solana and convenient crypto asset storage solutions.