Key Insights:
Bitcoin surges above $100k and makes a new ATH at $103.9k.
Michael Saylor expects $13 million per BTC to arrive by 2045.
Ethereum accelerates 5% and looks at a rally till $6000.
SOL, BNB, and XRP were the top losers among major players.
SAND, CRV, and STX are the top gainers among broader markets.
In a historic move, Bitcoin has managed to cross $100k with a decisive rally. BTC made an all-time high of $103.9k. At press time, Bitcoin had a market cap of $2.03 trillion and a 24-hour market volume of $106 billion.
Bitcoin's 55.9% dominance of the Crypto markets increased the total crypto market cap to over $3.66 trillion.
The rise comes after the price fell to $92k after a failed attempt to breach $100k earlier last month.
In the next few years under Trump's Presidency, Bitcoin could rise to greater heights before its fifth halving event in 2028. Trump has reportedly chosen pro-crypto candidate Paul Atkins as the SEC Chairman. Paul has already been the SEC chief under the Bush Administration.
The rise in Bitcoin could also propel broader crypto markets towards better adoption. At present, around 55 million unique addresses hold Bitcoin.
MicroStrategy Chairman Michael Saylor was congratulated with a BTC price counter showing the current price with a caption that says, "Bitcoin is the way." Saylor and MicroStrategy have been the largest gainers in this bull rally, with an average buy price of $58.2k.
Coinbase CEO and co-founder Brian Armstrong congratulated the market, saying that if someone had bought $100 worth of Bitcoin when Coinbase was founded, they would be sitting on a $1.5 million profit now.
Michale Saylor predicts Bitcoin could reach a price tag of $13 million by 2045, a growth of over 130,000%.
Hedge fund Pantera Capital sees a price of $775 per BTC arriving soon.
Etheruem could finally show its bullishness after the crypto inches towards $4000. ETH has been up by 5% in the last 24 hours at press time, with a corresponding trading volume of $62 billion.
Multiple experts, such as Bankless co-founder Ryan Adams, chart expert Ali Martinez, and several other investors, have pointed out Ethereum's undervaluation.
Ryan Adams pointed out ETH as a triple-point asset and argued that its fair value is around $10k before anyone else did.
Crypto chart expert Ali Martinez commented on ETH's price and predicted that it could soon reach $4000. He further sees the price arrive at $6000 in the short term.
Another Ethereum investor, nicknamed Venture Founder, used technical charts to show that ETH might break out of a 3-year consolidation in a triangle pattern. He estimates ETH will reach $15,937 by May 2025.
Ethereum's rise is also compounded by BlackRock, which bought $250 million worth of ETH yesterday. Lately, Ethereum ETFs have been receiving major inflows, marking the entire second half of November in green. Grayscale's Ethereum ETF emerged as the largest, with a $5.6 billion asset under management.
Ethereum ETF Inflows in the Last 7 Days
Coinglass
Crypto Market Overview
CoinMarketCap
The rally in Bitcoin has positively influenced the broader markets, too. Most altcoins have gained decently in the last 24 hours due to the dual factors of Bitcoin's bullishness and intensifying altcoin season. At present, the Altcoin Season Index shows a value of 85, higher than yesterday's 83.
Top cryptocurrencies like ETH gained 5%, while XRP, SOL, and BNB were major losers, with losses of 10%, 0.5%, and 4%, respectively.
Except for DOGE, SHIB, and PEPE, other memecoins were lightly bullish, with most gains being less than 2%. DOGE grew 10% to $0.45, while SHIB and PEPE grew around 8% to $0.000033 and $0.000022, respectively.
Sandbox was the largest gainer in the last 24 hours with a 15% gain that helped its price reach $0.89 at press time. The corresponding trading volume for SAND was $3.7 billion.
Curve DAO token from Curve Finance was the second largest gainer, with 13% gains and a price tag of $1.07. The corresponding trading volume was $1.7 billion.
Stacks was the third largest gainer, with a 12.55% gain and a corresponding trading volume of $877 million. Stacks is a Layer-2 smart contract platform for Bitcoin.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.