What Happened in Crypto Today: Biggest Bitcoin Critic Goes Crypto?
11/12/2024 17:16
Here is a 2-minute breakdown of everything important that happened in crypto today.
100K feels so close, yet so far.
Bitcoin's been playing peek-a-boo with that stubborn 89.5K resistance level - touching it, breaking it briefly, then stepping back like it wasn't quite ready for the spotlight.
And while everyone's busy refreshing their charts, something interesting is happening: Bitcoin gained more in 24 hours than most people make in a month ($7K, to be exact).
The Fear and Greed Index? It's screaming "extreme greed" - but here's what's really making noise: this pump might not be all about Trump after all.
Remember those post-halving supply crunches everyone was talking about? Turns out they might be the real story behind these green candles.
Confused? Let's make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
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Bitcoin teases $89.5K while whales quietly accumulate more. But what do technical indicators suggest? 🤔
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Trump's potential SEC picks include "Crypto Mom" Hester Peirce. Is Gensler really getting fired though? 📊
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Peter Schiff launches Bitcoin Ordinals after years of crypto criticism. Did the biggest Bitcoin critic just FOMO in? ðŸ’
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Crypto trader loses $244K in Thailand hotel attack. How common are such crimes now? 🚨
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DOGS token on TON Network surges 40% as whales hold steady. Why are they going bullish on DOGS all of a sudden? 🤨
Let's dive in!
The crypto world just witnessed something extraordinary.
Bitcoin didn't just break its previous record - it shattered it, soaring to an unprecedented $89,956 after Trump's victory announcement.
Bitcoin's market cap has swelled beyond $1.74 trillion, officially surpassing silver as a store of value.
The ripple effects are fascinating. MicroStrategy's stock just hit a 24-year peak at $351.73. Coinbase shares? They're back to late 2021 levels at $334.86. The entire crypto ecosystem is feeling the Trump effect.
But what about technical indicators? Is this surge legit? Read the full story!
Donald Trump's team is eyeing potential replacements for Gary Gensler as SEC chair, and their shortlist reads like a who's who of crypto-friendly regulators.
One name that keeps popping up is Hester Peirce - you might know her as "Crypto Mom" - alongside Mark Uyeda. Both have been pretty vocal about disagreeing with how crypto's been handled lately.
The market seems pretty excited about the possibility.
Is Gensler really getting fired though? Read the full story!
Bitcoin's most famous critic just pulled the most unexpected move of 2024.
Peter Schiff, the man who's spent years telling everyone Bitcoin is worthless (and a scam), just launched his own Bitcoin Ordinals collection. And get this - it sold out instantly.
His "Golden Triumph Ordinals Set" is thriving.
Schiff's marketing angle? "There's 21 million Bitcoin but only 50 Golden Triumph ordinals. It's clear which one is more valuable."
So he is investing in crypto now? Read the full story!
A crypto trader's routine meeting in Thailand just turned into a nightmare that's revealing an alarming new trend in crypto crime.
Mr. Leibov thought he was meeting a friend in a hotel room. Instead, he found himself tied up in the bathroom, facing masked attackers armed with hammers and knives. They forced him to transfer 250,000 USDT (about $244,000) from his crypto wallet.
How common are such crimes now? Read the full story!
TON Network just got its own taste of meme coin fever.
DOGS token jumped 40% this past week, pushing its market cap to $369 million. What's interesting isn't just the price jump - it's the way it's happening.
The token broke through key technical levels and is now teasing even bigger moves.
The metrics paint an intriguing picture.
More holders are moving into profit territory (up 9.79%), while whales are holding steady instead of taking quick profits. Even institutional players seem to be dipping their toes in, with large transactions ticking up.
So why are they going bullish on DOGS all of a sudden? Read the full story!