{"id":14651,"date":"2024-12-09T17:19:11","date_gmt":"2024-12-09T10:19:11","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=14651"},"modified":"2024-12-09T17:19:11","modified_gmt":"2024-12-09T10:19:11","slug":"coinex-research-november-2024-report-trump-triumphs-bitcoin-trumping","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=14651","title":{"rendered":"CoinEx Research November 2024 Report: Trump Triumphs, Bitcoin Trumping"},"content":{"rendered":"

HONG KONG<\/span><\/span>, Dec. 9, 2024<\/span><\/span> \/PRNewswire\/ — November 2024<\/span> was a landmark month for\u00a0cryptocurrency, with Bitcoin surging to $99,500<\/span> following Donald Trump’s<\/span> U.S. presidential election victory. CoinEx Research highlights how Trump’s pro-crypto stance, institutional confidence, and advancements in AI-crypto innovation drove market growth while altcoins gained momentum.<\/p>\n

Bitcoin Reaches New Heights<\/b><\/p>\n

Bitcoin opened November at $70,300<\/span> and soared to an all-time high of $99,500<\/span>, nearly touching the $100,000<\/span> milestone. Trump’s win generated optimism for regulatory reforms, including the potential replacement of the SEC chair and discussions of a strategic Bitcoin reserve.<\/p>\n

Crypto Boom Triggered by the 2024 Election<\/b><\/p>\n

Trump’s victory over Kamala Harris<\/span> and Republican control of Congress set the stage for crypto-friendly policies. Elon Musk’s<\/span> active support added to the buzz, sparking interest in Elon-themed meme tokens across the ecosystem.<\/p>\n

Institutional Inflows Strengthen\u00a0Bitcoin<\/b><\/p>\n

Institutional activity reached record levels in November, with Bitcoin spot ETFs receiving $6.1 billion<\/span> in inflows. MicroStrategy also bolstered its holdings, adding 134,480 BTC at an approximate cost of $12 billion<\/span>, reinforcing upward price momentum.<\/p>\n

AI-Crypto Innovation Takes Off<\/b><\/p>\n

The convergence of AI and crypto has ushered in a wave of innovation, particularly in Autonomous AI Agents. Platforms like Truth Terminal and VVAIFU showcase features such as social media engagement and on-chain transactions. VVAIFU’s dynamic ecosystem burned over 4 million tokens, reflecting growing adoption.<\/p>\n

Expanding the Base Ecosystem<\/b><\/p>\n

The Base blockchain has emerged as a hub for AI Agents, with Coinbase introducing tools for creating autonomous agents integrated with crypto wallets. Virtual Protocol is leveraging these agents for gaming, while Clanker simplifies token creation. Liquidity within Base has surpassed Solana, with net inflows of $835.9 million<\/span>.<\/p>\n

Altcoins Shine Amid Bitcoin’s Dominance Decline<\/b><\/p>\n

As Bitcoin consolidated near $90,000<\/span>, altcoins rallied. Notable performers included XLM, which surged 4.5x, and XRP and ADA, each doubling in value. This marks the onset of a potential altseason as Bitcoin’s dominance wanes.<\/p>\n

Stablecoins Surge as Liquidity Peaks<\/b><\/p>\n

Stablecoin issuance grew by $14 billion<\/span> in November, matching levels last seen in April 2021<\/span>. This liquidity surge signals sustained market growth and aligns with the bullish crypto trajectory.<\/p>\n

December Outlook<\/b><\/p>\n

Bitcoin’s climb to $100,000<\/span> seems imminent, but near-term risks like profit-taking and seasonal slowdowns could create volatility. With strong liquidity and institutional interest, the market is poised for continued growth, targeting $150,000<\/span> by 2025.<\/p>\n

About CoinEx<\/b><\/p>\n

Established in 2017, CoinEx<\/a><\/u>\u00a0is a global cryptocurrency exchange committed to making crypto trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions.<\/p>\n

CoinEx Research remains committed to providing in-depth analyses and insights into the evolving cryptocurrency market, helping investors navigate through the complexities and opportunities that lie ahead.
\u00a0To learn more about CoinEx, visit:\u00a0<\/a>Website<\/a><\/u>\u00a0| <\/a>Twitter<\/a><\/u>\u00a0|\u00a0<\/a>App<\/a><\/u>\uff5cTelegram<\/a><\/u>\u00a0|\u00a0<\/a>LinkedIn<\/a><\/u>\u00a0|\u00a0<\/a>Facebook<\/a><\/u>\u00a0|\u00a0<\/a>Instagram<\/a><\/u>\u00a0|\u00a0<\/a>YouTube<\/a><\/u><\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

HONG KONG<\/span><\/span>, Dec. 9, 2024<\/span><\/span> \/PRNewswire\/ — November 2024<\/span> was a landmark month for\u00a0cryptocurrency, with Bitcoin surging to $99,500<\/span> following Donald Trump’s<\/span> U.S. presidential election victory. CoinEx Research highlights how Trump’s pro-crypto stance, institutional confidence, and advancements in AI-crypto innovation drove market growth while altcoins gained momentum.<\/p>\n

Bitcoin Reaches New Heights<\/b><\/p>\n

Bitcoin opened November at $70,300<\/span> and soared to an all-time high of $99,500<\/span>, nearly touching the $100,000<\/span> milestone. Trump’s win generated optimism for regulatory reforms, including the potential replacement of the SEC chair and discussions of a strategic Bitcoin reserve.<\/p>\n

Crypto Boom Triggered by the 2024 Election<\/b><\/p>\n

Trump’s victory over Kamala Harris<\/span> and Republican control of Congress set the stage for crypto-friendly policies. Elon Musk’s<\/span> active support added to the buzz, sparking interest in Elon-themed meme tokens across the ecosystem.<\/p>\n

Institutional Inflows Strengthen\u00a0Bitcoin<\/b><\/p>\n

Institutional activity reached record levels in November, with Bitcoin spot ETFs receiving $6.1 billion<\/span> in inflows. MicroStrategy also bolstered its holdings, adding 134,480 BTC at an approximate cost of $12 billion<\/span>, reinforcing upward price momentum.<\/p>\n

AI-Crypto Innovation Takes Off<\/b><\/p>\n

The convergence of AI and crypto has ushered in a wave of innovation, particularly in Autonomous AI Agents. Platforms like Truth Terminal and VVAIFU showcase features such as social media engagement and on-chain transactions. VVAIFU’s dynamic ecosystem burned over 4 million tokens, reflecting growing adoption.<\/p>\n

Expanding the Base Ecosystem<\/b><\/p>\n

The Base blockchain has emerged as a hub for AI Agents, with Coinbase introducing tools for creating autonomous agents integrated with crypto wallets. Virtual Protocol is leveraging these agents for gaming, while Clanker simplifies token creation. Liquidity within Base has surpassed Solana, with net inflows of $835.9 million<\/span>.<\/p>\n

Altcoins Shine Amid Bitcoin’s Dominance Decline<\/b><\/p>\n

As Bitcoin consolidated near $90,000<\/span>, altcoins rallied. Notable performers included XLM, which surged 4.5x, and XRP and ADA, each doubling in value. This marks the onset of a potential altseason as Bitcoin’s dominance wanes.<\/p>\n

Stablecoins Surge as Liquidity Peaks<\/b><\/p>\n

Stablecoin issuance grew by $14 billion<\/span> in November, matching levels last seen in April 2021<\/span>. This liquidity surge signals sustained market growth and aligns with the bullish crypto trajectory.<\/p>\n

December Outlook<\/b><\/p>\n

Bitcoin’s climb to $100,000<\/span> seems imminent, but near-term risks like profit-taking and seasonal slowdowns could create volatility. With strong liquidity and institutional interest, the market is poised for continued growth, targeting $150,000<\/span> by 2025.<\/p>\n

About CoinEx<\/b><\/p>\n

Established in 2017, CoinEx<\/a><\/u>\u00a0is a global cryptocurrency exchange committed to making crypto trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions.<\/p>\n

CoinEx Research remains committed to providing in-depth analyses and insights into the evolving cryptocurrency market, helping investors navigate through the complexities and opportunities that lie ahead.
\u00a0To learn more about CoinEx, visit:\u00a0<\/a>Website<\/a><\/u>\u00a0| <\/a>Twitter<\/a><\/u>\u00a0|\u00a0<\/a>App<\/a><\/u>\uff5cTelegram<\/a><\/u>\u00a0|\u00a0<\/a>LinkedIn<\/a><\/u>\u00a0|\u00a0<\/a>Facebook<\/a><\/u>\u00a0|\u00a0<\/a>Instagram<\/a><\/u>\u00a0|\u00a0<\/a>YouTube<\/a><\/u><\/p>\n

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