Bitcoin hit another milestone above $93,000 on Nov. 13 and is currently priced at $90,375, showing a +2.77% increase, while Ethereum is at $3,187, down by -1.79% in the past 24 hours.

The market's 24-hour long/short ratio in the futures market was almost balanced at 49.8% long versus 50.2% short positions. The Fear and Greed Index, which measures market sentiment, was at 84 yesterday and maintains the Extreme Greed level at 88 today. Bitcoin hit a new all-time high today of $93,000, edging closer to the milestone of $100,000. Bitcoin's latest surge took the market by storm. Investors saw new record highs as positive sentiment fueled optimism in the crypto space.

1. Net inflows for nine spot Ethereum ETFs turned positive after 79 trading days.

2. USDT market cap surpassed $125 billion, setting a new all-time high.

3. Linea token to be launched in Q1 2025.

4. BlackRock’s BUIDL fund expanded to chains including Aptos, Arbitrum, Avalanche, Optimism, and Polygon. 

 Crypto Fear & Greed Index | Source: Alternative.me 

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Data monitored by Farside Investors provides insight into the fund activity for both US spot Bitcoin and spot Ethereum ETFs on November 14. The report indicates significant capital movement across multiple funds, reflecting investor activity and sentiment.

BTC/USDT Chart. Source: KuCoin

The Spot Bitcoin ETF saw a net inflow of $61.3 million in BTC, signaling a considerable uptick in investor interest in Bitcoin. Additionally, the BITB fund experienced a net inflow of $12.3 million, showing a sustained appetite for exposure to Bitcoin through this specific ETF vehicle.

Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025

In the case of Ethereum, the Spot Ethereum ETF had several key inflows. The ETHW fund recorded a net inflow of $13 million, suggesting strong interest in alternative Ethereum-based assets. The primary Ethereum ETF (ETH) saw a more modest net inflow of $2.2 million, while the ETHE fund attracted $5.6 million. These inflows point to diverse investor preferences across different Ethereum-related products, reflecting both interest in mainline Ethereum and variations like ETHW.

ETHUSDT Chart Source: KuCoin

The combined inflows for Bitcoin and Ethereum spot ETFs indicate a broader trend of renewed investor confidence in digital assets. With Bitcoin-related funds attracting nearly $73.6 million and Ethereum funds seeing inflows totaling $20.8 million, the data highlights a growing interest in these key assets despite market fluctuations.

Dogecoin ($DOGE) has surged over 140% in the past week. It now trades above $0.4. This rise has come during a broader market rally and is fueled by a sharp increase in new users joining the network.

Source: X

According to on-chain analytics firm Santiment, Dogecoin saw 74,885 new wallets created over the last week. Each wallet holds less than 100,000 DOGE, which signals growing retail interest. At the same time, larger holders known as sharks and whales saw their numbers drop by 350 addresses. Despite this drop, 108 new large wallets have appeared in recent days, adding more buying power to Dogecoin's market.

Ali Martinez, a popular cryptocurrency analyst, believes this rally could be just the start. He predicts that Dogecoin could go parabolic soon, hitting prices between $3.95 and $23.26. Martinez points to historical trends and Fibonacci retracement levels, which often show key moments of strong movement. If this trend plays out, Dogecoin could surpass expectations and reach new highs.

Dogecoin has also outperformed Bitcoin in recent days. While Bitcoin increased by 25% over the past week, Dogecoin’s surge has been much stronger. Last month, Dogecoin saw its biggest spike in active addresses in six months, with 84,000 wallets becoming active. This level of activity shows that users are not just holding DOGE. They are actively trading and transferring it, keeping the network dynamic and strong.

Read more: Dogecoin Soars 80% in 1 Week as Trump Introduces 'DOGE' Department, Backed by Musk and Ramaswamy

BlackRock's BUIDL fund, tokenized by Securitize, is moving beyond Ethereum. It now includes Aptos, Arbitrum, Avalanche, Optimism, and Polygon blockchains. This expansion aims to increase access for investors DAOs and digital asset-native firms across these ecosystems. BlackRock wants to capitalize on growing demand for tokenized assets by providing a more inclusive environment for those seeking exposure to government securities.

BUIDL leads the tokenized government securities niche with $517 million in assets. This equals around 22% market share in the $2.3 billion sector. Launched in partnership with Securitize, the fund offers on chain yield, dividend accrual, and near real-time peer-to-peer transfers. Expanding to new blockchain networks will allow developers to integrate BUIDL into their ecosystems, boosting accessibility and potential use cases.

"We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization," Securitize CEO and co-founder Carlos Domingo said. "Real-world asset tokenization is scaling, and we're excited to have these blockchains added to increase the potential of the BUIDL ecosystem. With these new chains we'll start to see more investors looking to leverage the underlying technology to increase efficiencies on all the things that until now have been hard to do."

With Aptos, Arbitrum, Avalanche, Optimism, and Polygon now onboard, developers can work within their preferred blockchain while accessing BUIDL. This broadens the potential for yield-generating investments and deepens liquidity in DeFi. BNY Mellon will continue as the fund’s administrator and custodian, ensuring consistent management across all blockchains. This step shows how traditional institutions like BNY Mellon adapt as blockchain technology evolves.

Read more: Top 5 Crypto Projects Tokenizing Real-world Assets (RWAs) in 2024

The Growing Market for Tokenized Government Securities

The market for tokenized government securities is growing fast, and BlackRock's BUIDL fund leads the charge. Launched in March, BUIDL became the largest tokenized government securities fund in less than 40 days. It now holds $517 million in assets, accounting for 22% of the market share. This rapid growth shows that investor interest in blockchain-based financial products is rising.

Franklin Templeton introduced the OnChain U.S. Government Money Fund (FOBXX) through the BENJI token in 2021. It was the first U.S.-registered fund to use blockchain for transactions. BENJI now operates on Aptos, Arbitrum, Avalanche, Stellar, and Polygon with $403 million in assets. Though BENJI was the first, BUIDL quickly overtook it due to its institutional backing and aggressive expansion.

Demand for tokenized assets is growing as investors seek transparency, liquidity, and efficiency. By expanding BUIDL to more blockchains, BlackRock makes these securities more accessible. This opens doors for DAOs and DeFi projects to use these assets in their protocols, offering new ways to earn yield and use collateral.

With the fast-paced crypto market and Bitcoin hitting another new milestone above $93,000, spot Bitcoin (BTC) ETFs saw a new net inflow of $61.3 million, while ETHW experienced a net inflow of $13 million on November 13th. BlackRock’s BUIDL fund is expanding to Aptos, Arbitrum, Avalanche, Optimism, and Polygon. This expansion aims to make government securities more accessible and integrate them into DeFi ecosystems. BUIDL’s rapid growth highlights the strong demand for tokenized assets. Meanwhile, Dogecoin added 74,885 new wallets last week, driven by bullish sentiment and its connection to Elon Musk. These developments underscore the potential for Bitcoin to soon reach the $100,000 milestone.