bullish

Donald Trump

Cetus Protocol

TL;DR
<ul>
 <li>Bitcoin spiked to $76,400 following Trump’s election win, stabilizing at $75,000, with analysts eyeing potential highs of $120K–$150K by next year.</li>
 <li>Dogecoin briefly broke past $0.20 as Elon Musk’s support for Trump and references to “D.O.G.E.” sparked a 78% monthly jump.</li>
 <li>Binance added new altcoins to its platform, leading to over 70% gains for the listed assets.</li>
</ul>
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<h2 id="btc-rises-to-a-new-peak">BTC Rises to a New Peak</h2>
The cryptocurrency market has been in&nbsp;a bullish mode ever since Donald Trump’s victory in the US presidential elections. During his campaign, the Republican <a href="https://cryptopotato.com/10-promises-donald-trump-has-made-regarding-bitcoin-and-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">made</a> multiple BTC-related promises, and unsurprisingly, the leading digital asset is now among the top performers.
It <a class="editor-rtfLink" href="https://cryptopotato.com/bitcoin-price-explodes-to-new-all-time-high-at-75000/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">pumped</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. 
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 <a class="editor-rtfLink" href="https://cryptopotato.com/bitcoin-hits-ath-above-76k-and-ethereum-finally-awakes-surging-to-3-month-high/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">hit</a> a new all-time high of approximately $76,400 earlier today (November 7). 
<figure id="attachment_369511" aria-describedby="caption-attachment-369511" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/BTC-price-1.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-369511" src="https://cryptopotato.com/wp-content/uploads/2024/11/BTC-price-1.png" alt="BTC Price" width="561" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/BTC-price-1.png 831w, https://cryptopotato.com/wp-content/uploads/2024/11/BTC-price-1-300x214.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/BTC-price-1-768x548.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/BTC-price-1-50x36.png 50w" sizes="(max-width: 561px) 100vw, 561px"></a>
 <figcaption id="caption-attachment-369511" class="wp-caption-text">
 BTC Price, Source: CoinGecko
 </figcaption>
</figure>
While in the following hours, the asset retreated to its current $74,800 (per Coingecko’s data), many analysts believe that the bull run is far from over. The X user Sensei <a class="editor-rtfLink" href="https://x.com/SenseiBR_btc/status/1854411256825827579" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">predicted</a> that BTC is “about to go parabolic” and soar to $120,000 in the following months.&nbsp;
Veteran trader Peter Brandt chipped in, too. He <a class="editor-rtfLink" href="https://x.com/PeterLBrandt/status/1854280831969231109" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">claimed</a> the asset is now in “the sweet spot of the bull market halving cycle that should top in the $130K to $150K range next Aug/Sep.”
<h2 id="span-data-preserver-spaces-true-doge-s-achievement-span">DOGE’s Achievement</h2>
The leading meme coin also charted substantial gains lately. It <a class="editor-rtfLink" href="https://cryptopotato.com/dogecoin-doge-price-soars-22-in-hours-heres-why/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">exceeded</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. This represents a whopping 78% rise on a monthly scale.
<figure id="attachment_369514" aria-describedby="caption-attachment-369514" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/DOGE-Price-2.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-369514" src="https://cryptopotato.com/wp-content/uploads/2024/11/DOGE-Price-2.png" alt="DOGE Price" width="580" height="400" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/DOGE-Price-2.png 830w, https://cryptopotato.com/wp-content/uploads/2024/11/DOGE-Price-2-300x207.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/DOGE-Price-2-768x529.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/DOGE-Price-2-50x34.png 50w" sizes="(max-width: 580px) 100vw, 580px"></a>
 <figcaption id="caption-attachment-369514" class="wp-caption-text">
 DOGE Price, Source: CoinGecko
 </figcaption>
</figure>
DOGE’s success could be attributed to Elon Musk’s 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 (D.O.G.E.). He <a class="editor-rtfLink" href="https://cryptopotato.com/dogecoin-doge-soars-10-after-musks-appearance-on-joe-rogans-podcast-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">mentioned</a> the division’s abbreviation several times in the past weeks, triggering price appreciation for the meme coin.&nbsp;
Dogecoin’s rally has been highly beneficial for its holders. IntoTheBlock’s data <a class="editor-rtfLink" href="https://cryptopotato.com/no-dogecoin-doge-investors-are-currently-at-a-loss-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">showed</a> there were no investors underwater at one point on November 6. 89% were sitting on some paper profits, while 11% were break even. As of the moment, 10% <a class="editor-rtfLink" href="https://app.intotheblock.com/coin/DOGE" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">are</a> in the red zone.
<h2 id="span-data-preserver-spaces-true-binance-s-amendments-span">Binance’s Amendments</h2>
The exchange expanded the list of its trading options in the last few days. Earlier this week, it <a class="editor-rtfLink" href="https://cryptopotato.com/this-meme-coin-pumps-15-following-support-from-binance-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">launched</a> PONKE/USDT perpetual contracts with up to 75x leverage. PONKE – the involved Solana-based meme coin – witnessed a 15% price spike shortly after the announcement.&nbsp;
Most recently, Binance <a class="editor-rtfLink" href="https://cryptopotato.com/these-altcoins-explode-by-over-70-following-listings-on-binance-details/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">listed</a> the altcoins Cow Protocol (COW) and Cetus Protocol (CETUS) with seed tags. The newly added trading pairs include COW/USDT and CETUS/USDT.
The valuation of both assets skyrocketed by over 70% after the disclosure. Listing on a major exchange like Binance often has this effect since it improves the liquidity and increases the credibility and visibility of the affected tokens.&nbsp;
The post <a href="https://cryptopotato.com/btc-doge-price-explosions-recent-binance-updates-and-more-bits-recap-nov-7/" rel="noopener noreferrer nofollow">BTC, DOGE Price Explosions, Recent Binance Updates, and More: Bits Recap Nov 7</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

BTC, DOGE Price Explosions, Recent Binance Updates, and More: Bits Recap Nov 7

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