News

🏛 Poland Presidential Candidate Slawomir Mentzen Calls for Bitcoin Reserve In Election Pitch

Poland Presidential Candidate Slawomir Mentzen has recently pitched for a strategic Bitcoin Reserve as part of his election pitch. Drawing a leaf from Donald Trump’s victory in the US presidential election, global leaders have joined the bandwagon. Bitcoin investor Mentzen eyes a similar paradigm shift in Polish elections as BTC price a massive rally over $93,000.

⚡️ Metaplanet, MicroStrategy Double Down on Bitcoin Purchases At $90K

Japan stock exchange-listed firm Metaplanet has issued another round of one-year bonds and will purchase more Bitcoins through these proceeds. The Japanese firm has been following the footsteps of MicroStrategy and has been on a Bitcoin acquisition spree since May 2024. The company’s stock price surged past 2,000 JPY levels again on Monday.

⚖️ XRP Lawyer John Deaton Tips Next US SEC Chair Replacing Gary Gensler

Pro-crypto lawyer and former Massachusetts Senate candidate John Deaton unveiled his pick for the next US Securities and Exchange Commission Chair. The possible SEC Chair candidates are Brad Bondi, Paul Atkins, Dan Gallagher and Bob Stebbins. Notably, crypto-critic Gary Gensler hinted at resigning from the SEC Chair position as President-elect Donald Trump builds a pro-crypto administration.

Markets

📊 Crypto Prices Today November 18: Bitcoin Holds Steady at $90K, OM Jumps 40%, HBAR Gains 28%

Crypto prices today hold steady after last week’s gains. Bitcoin (BTC) stays at $90K, while Ethereum (ETH), Solana (SOL), and XRP see increases between 1-10%. Meme coins are also strong, with Dogecoin (DOGE) up 8% and Shiba Inu (SHIB) up 6%. The crypto market cap has risen to $3.05 trillion, up nearly 2% in the past 24 hours, though trading volume has declined by 10%.

It’s noteworthy that MANTRA (OM) and Hedera (HBAR) emerged as the day’s leading gainers. Additionally, the meme coin sector soared in line with the broader market sentiment.

⚠️ 5 Reasons Bitcoin Price Can See Steep Correction Before $100K

Bitcoin investors have been looking forward to $100K levels as the bulls hold BTC above $90,000 on the weekly close. However, the latest on-chain data and metrics indicate Bitcoin price could face a steep correction of 10-15% ahead. This means that BTC price may slip to $76,000 first before resuming the next rally to $100K, which is also in line with technical chart patterns.

🔥 Binance Expands Support for ACT, NEIRO and PNUT, Will Prices Rally Further?

The world’s largest crypto exchange Binance on Monday expanded its support by adding three new USDC pairs for margin trading. These new meme coin pairs, ACT I: The AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO), are now available for both cross-margin and isolated-margin trading on the platform.