After a relatively calm October, November has arrived and the market is exploding.
In a plot twist worthy of Lost, Bitcoin has smashed two consecutive ATHs in a single day, with the market turning green, driven by investor optimism 💚
On November 6th, we woke up to a new ATH of $75,361, but just a few hours later, Bitcoin outdid itself once more, reaching the impressive $76,460 🚀
Although there are many reasons behind this surge, one stands out: Trump’s victory in the U.S. elections, which promises a much more accessible environment for cryptocurrencies.
But let’s take a closer look at why Bitcoin has surged:
- Trump’s Victory: Trump’s win implies a more crypto-friendly administration and, most importantly, the promise to make Bitcoin a strategic reserve.
- Optimistic Sentiment: Bitcoin’s momentum during the last weeks of October and these early days has generated a widespread positive sentiment.
- Institutional Interest: Large investors and institutions are using Bitcoin as a strategic reserve.
What’s next? Analysts at Bernstein believe that Bitcoin could surpass $200,000 by the end of 2025, given the expectations of a more favorable regulatory framework for cryptocurrencies.
With the possibility of the market skyrocketing, it’s more important than ever to be prepared.
How can you prepare?
Stay Informed and Do Your Own Research
Staying connected to the market can be very challenging, but we’re here to help.
At Bit2Me, you can stay updated with Bit2Me News, where you’ll find all the latest industry news. And to learn more about cryptocurrencies and the market, you have Bit2Me Academy, offering all kinds of educational materials so you can do your own research.
Activate Price Alerts
We’re talking about Bitcoin’s rise, but other cryptocurrencies like Ethereum, Cardano, Chainlink, and Neiro have also seen gains of over 10%.
In markets like this, it’s crucial not to miss opportunities, and with price alerts, you can get real-time updates on any market movement.
Price Alerts notify you instantly of price changes, so you can act right away and not miss your window of opportunity.
It’s very simple; just follow these steps:
- Open the Bit2Me App, and in the left menu, go to “Price Alerts” within “Trading.”
- You can activate different types of default alerts:
- General: for Bitcoin, Ethereum, and B2M
- Portfolio: for the coins you own
- Favorites
- You can set it to notify you when the price changes by 5%, 10%, or 15%.
You can also configure custom alerts with the cryptocurrencies and variations you want.
Set Up Buy and Sell Orders
In a bull market, buy and sell orders can be essential tools to get the most out of your cryptocurrencies.
Buy orders allow you to get a better price; by setting an order, you can automatically buy when the price drops to your target level, without having to stay constantly connected.
Setting up orders enables you to automate your trading strategies, freeing you from the stress of following the market minute by minute, which is especially useful in current markets where opportunities can appear and disappear quickly.
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