Bitcoin remains on track to hit the $100,000 milestone despite concerns surrounding Friday’s near $2.7 billion options expiry, which raised fears of a potential correction below $85,000.
On Nov. 22 at 8:00 am UTC, over $2.67 billion worth of Bitcoin options contracts expired, with a “max pain” point of $85,000, as highlighted in a Nov. 21 post from Deribit exchange.
Bitcoin hit an all-time high of $99,523 at 7:30 am UTC, just 30 minutes before the options expiry, but subsequently dipped to $97,805, according to Cointelegraph data.
BTC/USD Performance
Despite the short-term pullback, the $2.6 billion options expiry is unlikely to significantly disrupt Bitcoin’s ongoing rally, according to Blake Player, head of growth at VALR.
He told Cointelegraph:
“Options expiring reflects a reduction in open interest and correspondingly leverage in the market. I don’t expect this to have a significant impact on price as those looking to stay long or short are able to purchase new options or take out positions elsewhere.”
Decreasing leverage may benefit Bitcoin’s continued rise.
Kris Marszalek, co-founder and CEO of Crypto.com, noted on Nov. 12 that deleveraging in the crypto market is essential before Bitcoin can breach $100,000.
Strong ETF Inflows Boost Optimism
Bitcoin’s march toward $100,000 is supported by record-breaking stablecoin inflows to crypto exchanges, which reached $9.7 billion on Nov. 22.
This reflects increasing market confidence in Bitcoin’s trajectory, particularly leading into 2025.
Ryan Lee, chief analyst at Bitget Research, predicts Bitcoin could surpass $100,000 by the end of November.
Additionally, more than $1 billion in inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) is further fueling the rally to new highs.
King Elon could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
King Elon (KINGELON), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because KINGELON is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, King Elon can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and King Elon could become the next viral memecoin.
King Elon launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy King Elon on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for King Elon by entering its contract address – 9duJedEtHqnwYCbiBGZvDpsecorMZmoxqHYyEQkLWNCK – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like KINGELON.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
MicroStrategy has successfully completed a $3 billion offering of 0% convertible senior notes due in December 2029, with plans to use some or all of the proceeds to purchase more Bitcoin.
The company announced this milestone as its shares experienced a 25% retracement on Nov. 21, according to Google Finance data.
The convertible senior notes carry a 55% premium with an implied strike price of around $672, which is the predetermined price at which holders can buy or sell MicroStrategy’s Class A common stock.
These notes, sold at a discount, will mature to their face value if not converted before the due date.
They also hold seniority over common stock, giving priority to bondholders in case of bankruptcy or liquidation.
If MicroStrategy allocates the entire $3 billion toward Bitcoin purchases, it could acquire approximately 30,600 BTC.
This offering follows a Nov. 18 announcement of a $1.75 billion raise, later increased to $2.6 billion on Nov. 20.
These efforts are part of the company’s ambitious “21/21” plan to raise $42 billion—split evenly between equity and fixed-income securities—to accumulate more Bitcoin.
Currently, MicroStrategy holds 331,200 BTC, valued at over $32.7 billion, making it the largest Bitcoin holder among publicly traded companies, according to Saylor Tracker.
Market Reaction and Performance
MicroStrategy shares (MSTR) dropped over 25%, from $536.7 to $397.28, by market close on Nov. 21.
Despite the decline, MSTR remains one of the top-performing U.S. stocks in 2024, boasting a 480% year-to-date increase.
On Nov. 20, MSTR was the second-most traded stock in the U.S., as investors evaluated its Bitcoin exposure.
Michael Saylor’s firm also contributed to a record $70 billion trading volume on Nov. 21, involving Bitcoin ETFs and Bitcoin-related stocks like Coinbase (COIN).
Bitcoin is currently priced at $98,423, just 1.5% shy of the $100,000 milestone, according to CoinGecko data.
Shiba Eats Pepe could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Shiba Eats Pepe (SHIBPEPE), a Solana memecoin launched today, is set to explode over 16,000% in price in the coming days.
This is because SHIBPEPE is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Shiba Eats Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Shiba Eats Pepe could become the next viral memecoin.
Shiba Eats Pepe launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Shiba Eats Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Shiba Eats Pepe by entering its contract address – F5RUMMokiujQT4KGjNVY9g9nTW3fHv1Z1xg58htX3D1y – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SHIBPEPE.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
United States Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his stringent approach to cryptocurrency regulation, will step down on Jan. 20, 2025, the SEC announced on Nov. 21.
Gensler’s departure will coincide with the inauguration of crypto-friendly President-elect Donald Trump for his second term.
“It has been an honor of a lifetime to serve with them on behalf of everyday Americans and ensure that our capital markets remain the best in the world,” Gensler said in a statement.
In July, Trump vowed to “fire” Gensler as part of his strategy to appeal to crypto advocates ahead of the Nov. 5 presidential election.
While the president has the authority to appoint the SEC chair, he cannot compel a commissioner to leave entirely, as Gensler plans to do.
A tenure marked by crypto crackdowns
Since assuming office in 2021, Gensler led an aggressive regulatory agenda against the crypto industry, initiating over 100 enforcement actions against companies in the space.
On Nov. 14, Gensler reinforced his strict stance, emphasizing the need for around 10,000 tokens he considers securities to “register and give proper disclosure to the public.”
Although he highlighted the SEC’s approval of spot Bitcoin exchange-traded funds (ETFs) as a sign of collaboration with the industry, he criticized some issuers for failing to follow “common-sense rules of the road.”
A new crypto agenda
President-elect Trump has pledged to make America “the crypto capital of the world” and has expressed plans to appoint regulators with a more crypto-friendly outlook.
Reports suggest Trump is considering Summer Mersinger, a Republican CFTC commissioner advocating a lenient approach to crypto, to lead the Commodity Futures Trading Commission (CFTC).
Additionally, Trump is reportedly exploring the creation of a White House position dedicated solely to crypto policy.
This follows the October resignation of Gurbir Grewal, the SEC’s chief enforcer, known for his robust oversight of the cryptocurrency sector.
Trump’s Revolution could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump’s Revolution (TRUMPREV), a new Solana memecoin launched today, is set to explode over 13,000% in price in the coming days.
This is because TRUMPREV is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump’s Revolution can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump’s Revolution could become the next viral memecoin.
Trump’s Revolution launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Trump’s Revolution on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for Trump’s Revolution by entering its contract address – 6qMBJvoWyANJq6v2akJffqTwjhVwNH2WtWfTDP9hM56W – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF), trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like TRUMPREV.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Bitcoin maintained pressure near $94,000 as the U.S. trading session opened on Nov. 20, with buyers continuing to scoop up dips.
BTC price surges to record highs
Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it rebounded from $91,500 lows, pushing toward a new all-time high of $94,374 on Bitstamp.
Trader Skew highlighted shifting liquidity conditions on exchange order books, noting spot and perpetual market bidding. “Someone got fomo?” he asked on X while sharing order book data.
CrypNuevo, another trader, predicted the mid-$90,000 range would act as a resistance zone before a pullback. “Not expecting to break $100k in the first attempt, so looking for a reversal from mid-high $90ks, around $96k zone. Then, focus on the next buying opportunities during the pullback,” he shared with followers.
Dormant coins show activity
Caution emerged from on-chain data by CryptoQuant, which pointed to long-term holders selling at these levels.
“Market tops often occur when long-held Bitcoin is reactivated,” the firm explained, referencing the Coin Days Destroyed metric. The metric, already nearing classic top levels, could signal an imminent peak if it spikes above 15–20 million.
Bitcoin ETF options add bullish momentum
Optimism grew after options trading launched for BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund.
The first day saw significant activity, with industry expert Joe Consorti noting bets on BTC/USD surpassing $100,000 by year’s end.
Filbfilb, co-founder of DecenTrader, remarked on the ETF’s long-term impact: “Short-term impact: More volatility and speculative price swings. Long-term impact: Cemented Bitcoin’s status as a key hedge in diversified portfolios.”
QCP Capital echoed these sentiments, calling the launch a milestone for Bitcoin’s institutional adoption. “This market response is likely to attract new investor cohorts and enable diversified trading strategies, reducing volatility and downside risk,” it said in a Telegram update.
Musk CEO could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Musk CEO (MUSKCEO), a Solana memecoin launched today, is set to explode over 16,000% in price in the coming days.
This is because MUSKCEO is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Musk CEO can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Musk CEO could become the next viral memecoin.
Musk CEO launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Musk CEO on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet, and swap Solana for Musk CEO by entering its contract address – CnC2wADo6sbBGPE2ZKFSPVp7R6qjbizaVcVCJ1ic9iUy – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF), trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like MUSKCEO.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
A lucky Sportsbet.io player is celebrating the win of a lifetime after turning a single 5 USDT spin into a 3.2 million USDT jackpot on a popular slot game.
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About Sportsbet.io
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Donald Nukes Ukraine could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Donald Nukes Ukraine (DONALUKR), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days.
This is because DONALUKR is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Donald Nukes Ukraine can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Donald Nukes Ukraine could become the next viral memecoin.
Donald Nukes Ukraine launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
How to Buy
To buy Donald Nukes Ukraine on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Nukes Ukraine by entering its contract address – EDmvuiUY14PmEZ9yX6iHXwSghKht3eU48yjhuidyt5t5 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALUKR.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.