Cryptocurrencies Price Prediction: Bitcoin, MicroStrategy & Meme coins – American Wrap 11 November


Bitcoin Price Forecast: BTC hits $85K as Microstrategy announces largest ever single-day purchase

Bitcoin price reached a new all-time high of $85,000 on Monday, November 11, up 26% from the US election day. As the crypto market rally enters its seventh consecutive day of gains, on-chain data shows that Microstrategy’s fresh acquisition plan could potentially drive BTC further toward $100,000 in the coming weeks. 
MicroStrategy announced in a post on Monday that it has acquired 27,200 Bitcoin for $2 billion, bringing its total BTC holdings to 279,420 BTC.
 
Top three most prominent dog-themed meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Dogwifhat (WIF) extend gains on Monday after surging over the weekend. The rally, which led these coin prices to rise by double-digits in a matter of days, is likely inspired by Bitcoin’s (BTC) new all-time high and speculation that tech billionaire Elon Musk – a prominent supporter of Dogecoin – will play a pivotal role in Donald Trump’s new administration.
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Ripple whales prevent XRP decline after soaking $4 billion in sell pressure from realized profits

Ripple whales prevent XRP decline after soaking $4 billion in sell pressure from realized profits

Ripple's XRP is down 5% on Tuesday after news of South Korea declaring martial law sparked a surge in selling activity and significant profit-taking among investors. However, whales have stepped up buying pressure as the token looks to stage a recovery.

More Ripple News
Paul Atkins shows reluctance to replace SEC Chair Gary Gensler

Paul Atkins shows reluctance to replace SEC Chair Gary Gensler

Donald Trump's transition team is yet to find a candidate to replace Gary Gensler as SEC Chair in January. Paul Atkins, the favorite to replace Gensler, has reportedly shown reluctance toward the position. Other top choices for SEC Chair include Teresa Goody Guillén, Brian Brooks and Robert Stebbins.

More Cryptocurrencies News
Crypto Today: BTC holds $95K, Cardano sets $700M record, Tron and Avalanche advance.

Crypto Today: BTC holds $95K, Cardano sets $700M record, Tron and Avalanche advance.

Bitcoin price consolidated around the $95,000 mark on Tuesday, as traders continue to rotate profits towards the altcoin markets. Positive sentiment surrounding potential altcoin ETF approvals in 2025 has sparked a major accumulation wave across the altcoin markets. 

More Cryptocurrencies News
Dogecoin Price Forecast: Traders move $380M as DOGE mirrors Bitcoin’s pullback

Dogecoin Price Forecast: Traders move $380M as DOGE mirrors Bitcoin’s pullback

Dogecoin price continues to consolidate below the $0.40 level on Tuesday, down 16% within the daily timeframe. After multiple failed attempts at breaching $0.50 over the past week, speculative traders have moved to scale down their DOGE positions. 

More Dogecoin News
Bitcoin: A healthy correction

Bitcoin: A healthy correction

Bitcoin (BTC) experienced a 7% correction earlier in the week, dropping to $90,791 on Tuesday before recovering to $97,000 by Friday. On-chain data suggests a modest rebound in institutional demand, with holders buying the dip. A recent report indicates BTC remains undervalued, projecting a potential rally toward $146K. 

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP