The cryptocurrency market is experiencing a resurgence in optimism, driven by a series of recent developments that have ignited investor enthusiasm. As Bitcoin (BTC) reaches a new all-time high of $81,697 at the time of writing, the Fear and Greed Index—an indicator of market sentiment—has surged to its highest level in seven months, landing firmly in “Extreme Greed.” With political shifts in the United States, regulatory changes on the horizon, and major altcoins joining the rally, here’s a look at the latest updates in the crypto market and the top assets to watch.

Trump’s election win ignited enthusiasm, with the three major US stock indices hitting record highs on Friday, marking the best weekly performance in a year. Bitcoin continued its rally over the weekend, breaking through $81,000 to set a new all-time high. Capital is flowing rapidly into the crypto market, with Bitcoin spot ETFs seeing a net inflow of $1.615 billion and stablecoin market cap increasing by $4.75 billion.

• Bitcoin surged to a record $81,697 on November 10, with the Crypto Fear and Greed Index reaching a seven-month high in the “Extreme Greed” zone, reflecting strong investor optimism fueled by pro-crypto sentiment in the U.S. political landscape.

• Ethereum reached $3,200, its highest since August, with a market cap exceeding that of Bank of America. Anticipation around potential options in spot ETH ETF and DeFi growth is driving institutional interest, positioning Ethereum for further gains.

• Solana hit $212, marking a 34% gain in one week, driven by strong DeFi and NFT activity on the network. The token’s performance has sparked speculation of a “banana zone” rally, with the possibility of Solana’s market cap challenging Ethereum’s.

• Dogecoin rose above $0.23, surpassing XRP in market cap, amid speculation of Elon Musk's involvement in the Trump administration. DOGE’s rally may continue if historical patterns hold, possibly revisiting its 2021 high.

• Cardano spiked to $0.60 following rumors that founder Charles Hoskinson may play a role in U.S. crypto policy under the Trump administration. The announcement of a Washington, D.C., policy office has fueled speculation, with ADA potentially aiming for the $1 level by 2025.

Crypto Fear and Greed Index | Source: Alternative.me 

The Crypto Fear and Greed Index, a measure of sentiment based on factors such as volatility, trading volume, and social media engagement, soared to a score of 78 on November 10, and dipping to 76 on Monday. This places the market in the “Extreme Greed” zone for the first time since April. The index's surge coincided with Bitcoin’s rally past $81,000, driven by recent U.S. political developments and investor expectations of more crypto-friendly regulations.

Bitcoin’s ascent and the broader rally reflect increased interest in crypto as a hedge against inflation and as an investment in technological innovation. Following the reelection of pro-crypto U.S. President Donald Trump and gains by crypto-friendly politicians in Congress, expectations are high for a shift in regulatory attitudes, potentially paving the way for further institutional adoption.

BTC/USDT price chart | Source: KuCoin

Bitcoin has had an extraordinary week, rallying to a new all-time high of $81,697 on November 10, up around 6% for the day. This milestone highlights Bitcoin’s continued appeal as a digital asset, particularly in times of political uncertainty. After initially peaking, BTC has since stabilized above $81,000, yet many analysts anticipate further gains.

According to James Van Straten, a senior analyst at CoinDesk, Bitcoin's recent breakout signals strong momentum that could push its price toward $100,000 by early 2025. Institutional investors have shown renewed interest, with record inflows into Bitcoin exchange-traded funds (ETFs) following Trump’s win. The broader implications of a favorable U.S. regulatory landscape, especially if the SEC revisits its stance on a spot Bitcoin ETF, could provide additional fuel for Bitcoin’s next leg up.

Read more: Trump’s Win Sets BTC on Course for $100K, Solana Nears $200 and More: Nov 8

ETH/USDT price chart | Source: KuCoin

Ethereum (ETH) surged to $3,200 on November 10, its highest level since August, driven by renewed market optimism and increasing institutional interest. With a market cap now around $383 billion, Ethereum has surpassed Bank of America in valuation, signaling a shift in financial dynamics as blockchain adoption accelerates. The U.S. SEC’s consideration of a spot ETH ETF options is further fueling investor demand, with parallels drawn to Bitcoin’s ETF-driven price surges, suggesting potential inflows could significantly boost ETH’s market position.

Ethereum’s recent momentum goes beyond market optimism and regulatory potential. DeFi applications on Ethereum, such as Uniswap and Aave, have shown renewed traction, fueling demand as users continue to embrace decentralized alternatives to traditional finance. Additionally, data from Ultrasound.money shows that while Ethereum was previously deflationary, the issuance rate has recently surpassed its burn rate, resulting in an inflationary supply increase of 0.42% annually. This shift is attributed to an annual issuance rate of 957,000 ETH compared to the current burn rate of 452,000 ETH.

In light of these developments, Ethereum’s co-founder Vitalik Buterin introduced a concept he calls “info finance,” a system that uses prediction markets to offer public insights into future events. This innovative approach to decentralized information gathering aligns with Ethereum’s broader push toward integrating finance and information through blockchain technology, signaling an era of heightened utility and adoption for the network.

Market sentiment is largely bullish, with analysts and community members on X predicting that ETH could soon challenge the $4,000 mark, with some expecting even higher targets, particularly if the spot ETH ETF options receives SEC approval. As Ethereum continues to attract institutional and retail interest alike, the prospect of a new all-time high seems increasingly likely, setting the stage for a potential breakthrough in the DeFi sector and beyond.

Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade?

SOL/USDT price chart | Source: KuCoin

Solana (SOL) surged to $212 on Sunday, its highest level since the 2021 bull market, achieving a market cap of over $100 billion. This places Solana among the few cryptocurrencies with valuations in the nine-figure range, a testament to its robust DeFi and NFT ecosystem. The token’s recent performance marks a 34% increase in value over the past week, outpacing many other major assets.

Analysts point to Solana’s rapid recovery since the FTX fallout as evidence of its resilience. Solana’s ecosystem has expanded significantly, attracting DeFi protocols and a growing memecoin community. The recent “flippening” speculation—where Solana’s market cap could potentially exceed Ethereum’s—highlights the excitement surrounding its ecosystem growth. SOL’s technical breakout above $185 signals what some traders describe as the beginning of a “banana zone” rally, where price movements become steep and accelerated.

Read more: Can Solana (SOL) Surge Beyond $200 Amid Bullish Sentiment?

DOGE/USDT price chart | Source: KuCoin 

Dogecoin (DOGE), the original memecoin, has returned to the spotlight, recently flipping XRP to become the seventh-largest cryptocurrency by market cap. DOGE has gained 30% over the past 24 hours, trading above $0.29, a level not seen since the 2021 crypto bull run. Its market cap has reached over $34 billion, with a possibility of surpassing USDC if current momentum persists.

The recent surge in DOGE’s price is partly attributed to speculation that Elon Musk, a longtime Dogecoin advocate, could play a role in the Trump administration’s “Department of Government Efficiency” initiative, abbreviated as D.O.G.E. Open interest in Dogecoin futures has also increased by 33% over the past week, indicating heightened investor confidence. If historical patterns hold, DOGE could continue its rally in the weeks ahead, potentially challenging its previous all-time high of $0.73.

Read more: Best Memecoins to Know in 2024

ADA/USDT price chart | Source: KuCoin

Cardano (ADA) has made headlines with a 30% price jump on November 10, fueled by rumors that founder Charles Hoskinson could collaborate with the Trump administration on crypto policy. ADA reached a high of $0.60, recapturing April levels and representing a reversal in sentiment after a challenging year. Cardano’s open interest in futures has surged, with trading volumes now in the billions, signaling strong investor appetite.

Hoskinson recently announced plans to open a policy office in Washington, D.C., to advocate for the crypto industry. This move is seen as a strategic effort to position Cardano as a player in U.S. regulatory discussions. While speculation about a formal role in the Trump administration remains unconfirmed, Hoskinson’s initiative has already sparked renewed interest in ADA. Analysts are optimistic that Cardano’s price could continue to rise, with some predicting a return to the $1 level by 2025.

Read more: Cardano Chang Hard Fork: All You Need to Know

The crypto market is currently on an upswing, with Bitcoin and major altcoins like Ethereum, Solana, Dogecoin, and Cardano reaching significant milestones. Pro-crypto sentiment is strong, bolstered by potential shifts in U.S. regulatory dynamics that may favor digital assets, and institutional interest is adding further momentum to this rally. While these factors position the market for possible continued growth, elevated "greed" levels and rapid price increases serve as a reminder for investors to approach with caution. Market volatility remains high, and sudden shifts can occur, emphasizing the importance of risk management in this speculative environment.