CryptoEQ

The weekly trading volume for the top 50 altcoins by market cap reached $305 billion in early November, its highest level since October 2021. (First chart courtesy of Kaiko) Additionally, altcoin volume dominance relative to Bitcoin has risen to a three-year high of 74%. Want to see back to 2017 for comparison? Check out the volume profile on the second chart: TOTAL2 chart (total crypto market cap excluding Bitcoin).

We've released the latest edition of our EQ/IQ Crypto Newsletter, packed with key industry developments. Here are top three highlights from this week's newsletter that you need to know: ?? Layer-1 blockchains are seeing significant developments, with Solana achieving all-time highs and Avalanche preparing for its largest upgrade with Fuji9000. ??BlackRock's iShares Bitcoin Trust ETF (IBIT) made a remarkable debut, with options trading volume reaching an unprecedented $1.9 billion in its first day, demonstrating strong institutional demand. ?? Call options dominated the trading activity, with 289,000 out of 354,000 contracts being calls, signaling overwhelmingly bullish sentiment among sophisticated investors. (Read more on options trading here: https://buff.ly/41naPCP) We cover all of these topics and more in our weekly newsletter. Stay up-to-date on this rapidly evolving market by downloading your copy today. ??Read more here: https://buff.ly/3Z8iZft

Bitcoin is closing in on the landmark $100,000 price level, climbing approximately 8.3% in the past week to reach a new all-time high of ~$99,800. This surge is bolstered by the debut of options trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), which recorded nearly $1.9 billion in notional exposure on its first day—a figure Bloomberg analysts described as "unheard of." Options trading allows investors to hedge risks or speculate on price movements. For instance, a trader buying a call option at $90,000 could profit if Bitcoin’s price surpasses that level, while put options provide opportunities to profit from price declines. Of the 354,000 contracts traded on IBIT’s launch, 289,000 were call options, signaling strong bullish sentiment. Analysts suggest this influx of options trading played a key role in Bitcoin’s latest rally. Institutional investors are expected to deepen their involvement as options enhance risk management and investment strategies. Historically, derivatives markets, including options, drive significantly higher trading volumes than their underlying assets, making them a vital tool for professional investors and trading desks. Data from the IBIT options market suggests “smart money” remains optimistic about Bitcoin’s ongoing upward momentum, underscoring expectations of continued growth. This milestone highlights the increasing maturation of the crypto market, as institutional-grade products like options create new opportunities for sophisticated trading and investment strategies. Bitcoin’s path to $100,000 appears increasingly within reach. Read more here: https://lnkd.in/gQBHYY-B

Big week for Avalanche! -Fuji9000 will go live on Monday (11/25). This is the last step before Avalanche9000, Avalanche's largest upgrade ever. -Avalanche's "Off the Grid" game won four Gam3 Awards including "Game of the Year". Let's look at the #AVAX price signal: Do you think this current pullback will trigger a buy signal for a potential entry point/adding to an existing position or a sell signal? What's your bet? Check out more info here: https://buff.ly/4fDYPkv

Our team had a GREAT time at the North American Blockchain Summit! Thanks to the Texas Blockchain Council for bringing together such an incredible group of industry leaders and innovators! The energy and insights shared during the panels and fireside chats were truly inspiring. Here are some of our favorite takeaways from the conference: - The growing movement to strengthen American leadership in Bitcoin mining and hashrate capacity, with Texas emerging as a major hub - Thoughtful discussions on regulatory frameworks and their impact on industry growth - Exciting developments in sustainable mining practices and energy innovation Looking forward to putting these insights into action and continuing to build alongside this amazing community!

This week's EQ/IQ Newsletter is live! Here is what you need to know: ?? Bitcoin's extraordinary performance, reaching a new all-time high of $93,445 with spot ETF inflows of $4.7B in just 6 days, signals a dramatic shift in institutional adoption and mainstream acceptance of cryptocurrency, particularly through traditional financial instruments. ?? Traditional finance continues to embrace blockchain technology, exemplified by Franklin Templeton's expansion into Ethereum with a $410M Money Market Fund and BlackRock Buidl's multichain launch across major networks including Aptos Foundation, The Arbitrum Foundation, Avalanche, Optimism Foundation, Polygon Labs, and Ethereum Foundation. ?? The broader economic context remains supportive of risk assets, with steady 2.8% third-quarter growth, controlled inflation at 2.73%, and the Federal Reserve's recent 25 basis point rate cut, though the elevated dollar index at 106 poses potential challenges for crypto markets. Want more analysis, read it free here: https://lnkd.in/gT3zRjPM

Breaking News: $HBAR price is up 53% as Hedera Board Member Brian Brooks could head the SEC. Hedera is also a part of Coinbase's COIN50 Index. Brush up on Hedera today: Dive into our new CORE Report examining everything from use cases, technology, and economics to governance, security, team structure, user experience, and future roadmap. ??https://lnkd.in/gyU38JvM

Reminder: North American Blockchain Summit starts tomorrow! Come celebrate a fantastic first day with Linea, Hacker House HQ (H3Q), and @CryptoEQ for an awesome networking opportunity at Barley House. ?? Wednesday, November 20th from 5:30 - 8:00 PM ??Barley House, Dallas, TX Get your tickets here: https://buff.ly/48ITXIb Light bites and drinks are complimentary.

Bitcoin dominance has been growing since 2023. A lot of people are watching this, wondering when it will revert as it always does in a cycle. What's your call? When will it break with the trend line?

Render has been a leading name in the Crypto x AI space all year and is seeing significant price appreciation yet again. While our CryptoEQ price signals successfully flagged previous peaks, the system remains bullish despite #RNDR's impressive run – suggesting this rally may have further to go. What do you think? Will we see a new ATH for RNDR?