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Daily Brief

$100K Bitcoin?

gm Bankless Nation, Bitcoin is dominating the conversation for now, but is altcoin season around the corner?
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Nov 13, 2024 โ€ข 3 min read
$100K Bitcoin?
Published on Nov 13, 2024
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Sponsor: Mantle โ€” Mass adoption of decentralized & token-governed technologies.

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NEED TO KNOW
$100,000 Incoming?
  1. ๐ŸŸ  Bitcoin Breaks $90K. Now, all eyes are on when BTC hits its next milestone: $100,000.
  2. ๐Ÿชถ Robinhood Expands Crypto Offerings in Trump Era Shift. The popular mainstream stock trading app is doubling down on its crypto offerings again.
  3. ๐Ÿ’ธ Bitwise Makes a Big Bet on Ethereum Staking. Bitwise has acquired Attestant, bringing in its $3.7 billion in staked assets under management.
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MARKET VIBES
BTC Narrative Dominance

๐Ÿ“ธ Daily Market Snapshot: As bitcoin approaches $100K, the rest of the crypto market isn't sharing in the proportional gains, with BTC dominance continuing to spike โ€“ now approaching 62%. The question is now whether BTC continues at its current clip after hitting the narrative landmark of $100K or if traders then shift energy toward ETH and other altcoins.

Prices as of 2pm ET 24hr 7d
Crypto $3.06T โ†— 3.4% โ†— 22.4%
BTC $92,896 โ†— 4.4% โ†— 23.4%
ETH $3,273 โ†˜ 0.5% โ†— 22.2%
SOL $219 โ†— 2.9% โ†— 17.1%

๐ŸŸข
New Token Rating: SOL has surged in the Trump Pump! Could the token soon break all-time highs?
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LATEST POD
Ryan & David's 2025 Predictions

Last month, Ryan Sean Adams and David Hoffman from Bankless joined Altcoin Daily for an insightful discussion on the future of Ethereum, cryptoโ€™s evolving landscape, and their top predictions for 2025.

A lot has changed for prices since this was recorded, but this conversation โ€“ exploring major trends, key crypto fundamentals, and strategies for navigating the unpredictable crypto market โ€“ charts the path for where crypto is headed next.

Get the full analysis! ๐Ÿ‘‡

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ANALYSIS
World Keeps Pushing
Bankless Author: Jonah Roberts

Sam Altmanโ€™s โ€˜Worldโ€™ project โ€“ an eyeball-scanning, UBI-distributing, human-verifying moonshot โ€“ is changing more than just its name as it looks to realign its mission.

Last month, the team unveiled a suite of new strategic moves designed to realize what has grown to become one of the crypto industry's most audacious efforts โ€“ one that still has plenty of very real challenges facing it.

Letโ€™s take a deeper look at how the project is progressing ๐Ÿ‘‡


FRIEND & SPONSOR: MANTLE

Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.

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LEARN
What We're Reading

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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