BTC, DOGE price explosion, latest Binance updates, and more: Bits Recap Nov 7

TL; DR

Following Trump's election victory, Bitcoin rose to $76,400, stabilized at $75,000, and analysts predict it will reach $120,000 to $150,000 next year. Dogecoin briefly surpassed $0.20 as Elon Musk's endorsement of Trump and references to “DOGE” saw a 78% monthly jump. Binance has added new altcoins to its platform, resulting in over 70% gains for the listed assets.

BTC rises to a new peak

The cryptocurrency market has entered. Flash mode Ever since Donald Trump won US Presidential elections. During the campaign, the Republican made several promises related to BTC, and surprisingly, the main digital asset is now among the top performers.

He It is filled with a pump Over $75,000 on November 6, early results showed that Trump soon had the upper hand in the race against Kamala Harris.

Later, after passing the 270 electoral vote threshold and securing victories in key swing states such as Pennsylvania, Georgia and North Carolina, victory was declared. This has prompted another boost for BTC, the revaluation hit A new all-time high near $76,400 earlier today (November 7).

In the following hours, the asset retreated to its current level of $74,800 (according to Coingecko), with many analysts believing that the bull run is far from over. Above. X User Sensei He predicted BTC is “about to go parabolic” and has risen to $120,000 in the coming months.

Veteran businessman Peter Brandt He entered. He He said he deserved it. The property is currently in the “half-cycle sweet spot of the bull market, which should be primed in the next $130K to $150K range.” August/SeptemberHe said.

Success of the DOGE

The leading meme coin has seen huge gains lately. He It has passed On November 6th (for the first time since April), the psychological level of $0.20, however, bounced back a bit and is now trading around $0.19. This It shows a growth of 78% on a monthly basis.

May be the success of DOGE. It must be said. To the Elon Musk interaction. One of the richest men on the planet supported Donald Trump during his presidential campaign and shared his desire to lead his potential Department of Government Efficiency.Doug). He mentioned Over the past few weeks, the division's acronym has been triggered several times, sparking price appreciation for MemCoin.

The Dogecoin rally has significant benefits for its owners. Data to TheBlock He showed. There were no investors in the water At one point on November 6. 89% were sitting on some paper profit, and 11% had a break. as a moment10% they are. In the red zone.

Binance updates

The exchange has expanded its list of trading options in the past few days. earlier this week kick off PONKE/USDT Perpetual contracts with leverage up to 75x. Points – Solana-based meme coin – saw a 15% price increase shortly after the announcement.

Most recently, Binance Listed. The altcoins cow protocolCow) and the Cetus protocol (CETUS) with race labels. Newly added trading pairs include COW/USDT and CETUS/USDT.

of The value of both properties increased by more than 70%. After the announcement. Listing on a major exchange like Binance usually improves this result. of It increases the fluidity and credibility and visibility of affected symbols.