{"id":18561,"date":"2024-11-07T09:34:47","date_gmt":"2024-11-07T09:34:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18561"},"modified":"2024-11-07T09:34:47","modified_gmt":"2024-11-07T09:34:47","slug":"btc-doge-price-explosions-recent-binance-updates-and-more-bits-recap-nov-7","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18561","title":{"rendered":"BTC, DOGE Price Explosions, Recent Binance Updates, and More: Bits Recap Nov 7"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Bitcoin spiked to $76,400 following Trump\u2019s election win, stabilizing at $75,000, with analysts eyeing potential highs of $120K\u2013$150K by next year.
\nDogecoin briefly broke past $0.20 as Elon Musk\u2019s support for Trump and references to \u201cD.O.G.E.\u201d sparked a 78% monthly jump.
\nBinance added new altcoins to its platform, leading to over 70% gains for the listed assets.<\/p>\n

<\/a><\/span><\/h2>\n

BTC Rises to a New Peak<\/h2>\n

The cryptocurrency market has been in<\/span>\u00a0a bullish mode<\/span> ever since Donald Trump\u2019s victory in the <\/span>US<\/span> presidential elections.<\/span> During his campaign, the Republican made<\/a> multiple BTC-related promises, and unsurprisingly, the leading digital asset is now among the top performers.<\/span><\/p>\n

It <\/span>pumped<\/span><\/a> above $75,000 on November 6, shortly after the first results showed that Trump had the upper hand in the contest against Kamala Harris. <\/span><\/p>\n

Later, his triumph became official after he crossed the 270 electoral vote threshold and secured victories in key swing states like Pennsylvania, Georgia, and North Carolina. This fueled another boost to BTC, whose valuation <\/span>hit<\/span><\/a> a new all-time high of approximately $76,400 earlier today (November 7).
\n<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

While in the following hours, the asset retreated to its current $74,800 (per Coingecko\u2019s data), many analysts believe that the bull run is far from <\/span>over. <\/span>The X user Sensei <\/span>predicted<\/span><\/a> that BTC is \u201cabout to go parabolic\u201d and soar to $120,000 in the following months.\u00a0<\/span><\/p>\n

Veteran trader Peter Brandt <\/span>chipped in, too<\/span>. He <\/span>claimed<\/span><\/a> the asset is now in \u201cthe sweet spot of the bull market halving cycle that should top in the $130K to $150K range next <\/span>Aug\/Sep<\/span>.\u201d<\/span><\/p>\n

DOGE\u2019s Achievement<\/span><\/h2>\n

The leading meme coin also charted substantial gains lately. It <\/span>exceeded<\/span><\/a> the psychological level of $0.20 on November 6 (for the first time since April) but retraced slightly and now trades at approximately $0.19. <\/span>This<\/span> represents a whopping 78% rise on a monthly scale.<\/span><\/p>\n

<\/a>DOGE Price, Source: CoinGecko<\/p>\n

DOGE\u2019s success could <\/span>be attributed<\/span> to Elon Musk\u2019s interactions. One of the wealthiest people on the planet supported Donald Trump during his presidential campaign and shared his intentions to lead a potential Department of Government Efficiency (<\/span>D.O.G.E.<\/span>). He <\/span>mentioned<\/span><\/a> the division\u2019s abbreviation several times in the past weeks, triggering price appreciation for the meme coin.\u00a0<\/span><\/p>\n

Dogecoin\u2019s rally has been highly beneficial for its holders. <\/span>IntoTheBlock\u2019s data <\/span>showed<\/span><\/a> there were no investors underwater<\/span> at one point on November 6. 89% were sitting on some paper profits, while 11% were break even. As of <\/span>the moment<\/span>, 10% <\/span>are<\/span><\/a> in the red zone.<\/span><\/p>\n

Binance\u2019s Amendments<\/span><\/h2>\n

The exchange expanded the list of its trading options in the last few days. Earlier this week, it <\/span>launched<\/span><\/a> PONKE\/USDT perpetual contracts with up to 75x leverage. <\/span>PONKE<\/span> \u2013 the involved Solana-based meme coin \u2013 witnessed a 15% price spike shortly after the announcement.\u00a0<\/span><\/p>\n

Most recently, Binance <\/span>listed<\/span><\/a> the altcoins Cow Protocol (<\/span>COW<\/span>) and Cetus Protocol (<\/span>CETUS<\/span>) with seed tags. The newly added trading pairs include COW\/USDT and CETUS\/USDT.<\/span><\/p>\n

The<\/span> valuation of both assets skyrocketed by over 70% <\/span>after the disclosure<\/span>. Listing on a major exchange like Binance often has this effect since it improves <\/span>the<\/span> liquidity and increases the credibility and visibility of the affected tokens.<\/span>\u00a0<\/span><\/p>\n

The post BTC, DOGE Price Explosions, Recent Binance Updates, and More: Bits Recap Nov 7<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Bitcoin spiked to $76,400 following Trump\u2019s election win, stabilizing at $75,000, with analysts eyeing potential highs of $120K\u2013$150K by next year. Dogecoin briefly broke past $0.20 as Elon Musk\u2019s support for Trump and references to \u201cD.O.G.E.\u201d sparked a 78% monthly jump. Binance added new altcoins to its platform, leading to over 70% gains for […]<\/p>\n","protected":false},"author":0,"featured_media":18562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18561"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18561"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18562"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}