Burak Köse 
QCP Market, one of the world’s major cryptocurrency service providers, noted in its latest report that ETF approval expectations are not behind the rises in Bitcoin. The company claimed that ETF approvals will push the largest cryptocurrency even higher.
After ending October on a bullish note, Bitcoin’s past November performances have been characterized by significant price increases. While the largest cryptocurrency has experienced partial declines in some bear seasons, it has also shown tremendous rises in the November months of some years.
Hafize Gaye Erkan, Governor of the Central Bank of the Republic of Turkey, spoke at the inflation report information meeting. Stating that they expect inflation to peak in May 2024, Erkan also made a statement regarding crypto regulations.
On the day the Fed decision was announced and MicroStrategy made new purchases, questionable transfers were made from 3 whale addresses. Accounts that have been dormant for 5 years sent 6500 Bitcoins to new addresses.
Bitcoin broke the all-time record in Turkish Lira and exceeded 1 million TL.
A new analysis and price forecast came from the analysts of Bernstein, who have published consecutive analyzes on Bitcoin in recent weeks. Analysts stated that the largest cryptocurrency could reach $150,000 by 2025.
While the value of cryptocurrencies transferring out of Alameda with FTX has increased significantly in recent days, a total of $ 20 million was transferred today. The total transfer value so far has exceeded 127 million dollars.
The upward movement of up to 20 percent in Bitcoin last week also increased Google searches. While Bitcoin searches on Google increased all over the world, the increase in the UK was 826%.
Bitcoin’s rise on Monday was also reflected in some altcoins. The important group of 2021 and 2022 meme coins also saw double-digit increases.
Neo will create a sidechain to support Ethereum-based decentralized applications. The announcement was made by the Neo founder in Hong Kong, while the testnet is expected to be ready by the end of the year.