This Week’s Summary
Crypto Trends November 6-12, 2023: Market Analysis and PerformanceThe crypto market continues its spectacular surge, with many assets overcoming previously daunting thresholds. Major cryptocurrencies like BTC, ETH, and XRP are surpassing expectations. Meanwhile, altcoins like Solana, Chainlink, and Avalanche are blowing the competition out of the water. Lastly, the overall increased by over $100 billion to sit comfortably above $1.4 trillion. is up again. This time, by an impressive 5%, taking its value just a little above $37,000. This surge comes from the SEC’s imminent reveal of its decision regarding BTC ETF filings. More importantly, it seems that the Commission’s verdict will favor Bitcoin and the entire crypto industry. finally gained the necessary momentum to overcome the much-coveted $2,000 level. The second crypto in command benefits from the rumors that BlackRock may file for a Spot ETH ETF with the SEC should its BTC ETF filing be successful. Altcoins & DeFiMost altcoins are trading in the green, with almost no exceptions. For example, BNB is up by 2%, Dogecoin by 11%, TRON by 9%, and Polkadot by 149%. Meanwhile, is up by almost 3%, Solana by a whopping 40%, Cardano by 12%, Toncoin by 5%, Avalanche by 47%, and Chainlink by 30%.The Metaverse sector shares the same sentiment as the rest of the crypto market, with most projects trading comfortably in the green. For instance, is up by 8%, The Sandbox by 16%, Decentraland by 13%, and Render by 2%. Elsewhere, ICP is up 9% and Theta Network 25%.The added over $3 billion to the total value of locked protocols (TVL), now at . Crypto Market Analysis – What’s in the News?
Next Week’s Crypto Market ForecastThe crypto market is back under complete control of the bulls in a pleasant surprise for hodlers, investors, and traders everywhere. BTC holders and altcoin enthusiasts have an excellent reason to celebrate together after a long, dark crypto winter. Hopefully, this trend will continue for the foreseeable future.More By This Author:
