Cre: Twitter: XBITDEX
November 13, 2018 (CoinWorld.com) – As Bitcoin once again approaches the $100,000 mark after three months, the global cryptocurrency market is experiencing a new round of volatility. Driven by expectations of the Trump administration’s pro-crypto policies, cryptocurrency activity continues to rise, with various tokens performing actively. Notably, the XBIT decentralized exchange has recently demonstrated unique advantages in this market trend, providing users with a smooth trading experience.
Bitcoin is just shy of $100,000 today, its first time reaching this level since February 2025. Market analysts generally believe that Bitcoin’s proximity to this key psychological level may trigger profit-taking by some investors, potentially putting some pressure on it in the short term. However, with the shift in policy expectations following Trump’s election victory, bullish sentiment remains dominant in the medium to long term.
According to CoinWorld.com, early Bitcoin holder Owen Gunden deposited 500 Bitcoins, worth approximately $51.68 million, into the exchange Kraken this morning. As a well-known “Bitcoin OG,” Owen Gunden’s investment moves are always closely watched. It is reported that after this transfer, he still holds 6,650 Bitcoins, with a total value of approximately $686 million. This move has sparked widespread discussion in the cryptocurrency community, with some analysts suggesting that this may indicate large holders are preparing for market volatility.
Meanwhile, US spot Bitcoin ETFs saw net outflows yesterday, amounting to $554 million. This data suggests that institutional investors are becoming more cautious, with some funds choosing to lock in profits at higher levels. However, in this context, decentralized exchanges like XBIT have actually seen increased trading volume, demonstrating different investment strategies among retail investors.
In the smaller cryptocurrency market, several tokens have performed exceptionally well. XPL broke through $0.35, with a 24-hour increase of 33.9%, a particularly impressive performance. DOGE has risen approximately 50% in the past five days, while Cardano’s ADA has increased by over 60% during the same period. Furthermore, tokens related to Polygon, Cosmos, Solana, and Algorand have all outperformed Bitcoin’s approximately 7% five-day gain.
In a recent report, Bernstein analysts pointed out that the Trump administration is expected to adopt pro-crypto policies, potentially appointing a new SEC chairman and creating a more favorable regulatory environment for the industry. They recommend investors focus on spot Bitcoin and Ethereum ETFs, publicly listed Bitcoin mining companies, businesses holding Bitcoin, and crypto trading platforms. Under these policy expectations, XBIT, as a decentralized on-chain trading platform, is expected to benefit.
Cre: Twitter: XBITDEX
Amid a retreat of risk appetite in traditional markets, Bitcoin and Ethereum prices continued their decline, with the total market capitalization of cryptocurrencies evaporating by over $140 billion in a single week. Approximately $22 billion worth of cryptocurrency options are about to expire, which could impact short-term market trends. In this context, many investors are seeking safer trading environments, and XBIT, with its decentralized nature, provides users with a transparent and secure trading option.
Regarding White House news, Press Secretary Karoline Leavitt stated at a press conference that President Trump’s decision to pardon Binance founder Changpeng Zhao underwent an extremely rigorous review, involving the Department of Justice and relevant parties. This news sparked heated discussions in the cryptocurrency community and was seen as a significant signal of the Trump administration’s attitude towards the crypto industry.
Standard Chartered analyst Geoff Kendrick, in an interview with the Financial Times, stated that Trump creating a national Bitcoin reserve fund is a “low-probability event.” However, since Trump’s election victory, the cryptocurrency market has continued to rise, with Bitcoin prices increasing by over 15% since November 6th and a year-to-date increase of approximately 80%, outpacing traditional investments such as stocks and gold.
In addition, Bitcoin mining company Cipher Mining announced that its wholly-owned subsidiary, Cipher Compute LLC, plans to issue $1.4 billion in senior secured notes due in 2030 to support its business development. This news indicates that mining companies are actively raising funds to prepare for future market expansion.
Cre: Twitter: XBITDEX
According to data from Bijie.com, the XBIT decentralized exchange has demonstrated strong resilience during recent cryptocurrency market volatility, maintaining stable trading depth and liquidity. As a platform focused on on-chain trading, XBIT ensures transaction security and transparency through smart contracts, which is particularly important in the current market environment. Users can conduct direct peer-to-peer trading on the XBIT platform without centralized custody, reducing financial risk.
With the potential for significant changes in the cryptocurrency policy environment, decentralized trading platforms are facing new opportunities. XBIT, as a key player in the industry, deserves close attention. However, investors still need to remain vigilant, carefully assess market risks, and make rational decisions.
While the overall sentiment in the cryptocurrency market is currently optimistic, market volatility remains. In this environment, choosing the right trading platform is crucial. XBIT, with its technological advantages and user experience, is attracting increasing attention. Regardless of market changes, risk management should always be the bottom line for investors.