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#参与创作者认证计划月领$10,000 Core currency price: After the pullback, a rebound window is welcomed. What are the highlights of the market in November?
1. Bitcoin (BTC): Hold the support level, may hit $130,000 by the end of the year.
As a "barometer" of the cryptocurrency market, BTC has recently experienced a slight correction - falling from the October high of $122,000 to around $110,000 currently, mainly influenced by comments from Fed Chairman Powell stating that there may only be one more 25 basis point rate cut in 2025.
However, the short-term pullback has not weakened market confidence: on one hand, historical data shows that November is one of the strongest months for BTC, with an average increase of over 6.9%; on the other hand, analysts clearly point out that if BTC can hold the key support level of $108,000, it is expected to break through the range of $113,000 to $118,000 in November, and even aim for the year-end target of $130,000. Continuous inflow of ETFs and increasing institutional demand remain the core driving forces supporting BTC's future.
2. Ethereum (ETH): Supported by the Fusaka hard fork, aiming for a target of $12,000 by 2025.
ETH has recently shown a "volatile upward" trend, with a weekly increase of 2.2% but a slight decline of nearly 3% in the past 24 hours. The market has strong expectations for the upcoming "Fusaka hard fork," believing that this technical update will further enhance ETH's performance and ecosystem compatibility.
Renowned analyst Tom Lee has made a clear prediction: the price of ETH is expected to reach between $5,500 and $12,000 in 2025, and November may continue the historical monthly increase pattern of 47.4%. In addition, the underlying protocol value of ETH in the integration of AI and blockchain scenarios is generally viewed positively by institutions, becoming an important driver for medium to long-term growth.
3. Other mainstream cryptocurrencies: SOL and XRP remain stable, and expectations for DOGE ETF are warming up.
• Solana (SOL) and XRP: Driven by the Federal Reserve's potential interest rate cut expectations, SOL and XRP have recently maintained key price levels, showing no significant fluctuations despite Bitcoin's pullback. Analysts believe that if new liquidity is injected into the market, these two types of cryptocurrencies may lead a rebound in altcoins, with XRP futures trading volume hitting a record of 9.9K, significantly increasing market activity.
• Dogecoin (DOGE): The community's popularity continues to rise, with a key catalyst being the probability of DOGE ETF approval increasing to 80%. Additionally, whale addresses are continuously accumulating, and community speculation is heating up. November may see a phase of increase following the overall market trend, but one must be cautious of the volatility brought by the "high risk, high reward" characteristic.