The record-breaking has only just begun.
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November 14, 2024
Bitcoin Breaks Previous Single-Day Rally Record!

Dear Subscriber,

by Beth Canova
By Beth Canova

It’s no secret that Bitcoin (BTC, “A”) is on a tear right now.

But if you’ve only just jumped onto the crypto scene, you may not fully appreciate how impressive its performance has been over the past week.

Bitcoin has had epic rallies in the past, no doubt. 

But none come close to last Tuesday’s single-day gains.

According to Galaxy Research, the second largest single-day increase for BTC happened during the last bull cycle in 2021. 

Click here to see full-sized image.

 

And that still was about $800 less than Tuesday’s push higher.

But this chart tells us something else, too. It says Bitcoin’s underlying strength has improved, as well. 

How can you tell? 

Because SEVEN of the top 10 largest daily moves for Bitcoin happened just this year.

If you think that’s incredible, you’re right! 

After over a decade of trading, most of Bitcoin’s biggest daily rallies took place within a single year.

And over the past week, Bitcoin has continued its race higher. 

Its price hasn’t spiked nearly as hard in a single day. But the momentum was enough for BTC to break crypto containment. 

It has now surpassed silver — yes, the precious metal — in terms of market cap:

Click here to see full-sized image.

 

And according to our Weiss Ratings experts, we’re only at the beginning of this crypto bull market. 

More excitement is ahead for Bitcoin. And not just because it’s only a matter of weeks until it hits $100,000.

Thanks to the approval of spot ETFs earlier this year, we can expect a lot more institutional interest in BTC this rally. Which could help drive it higher, faster.

(If you want to learn how to track when large U.S. institutions are looking to buy Bitcoin —  an easy and FREE  way to gain an edge over other investors — read my colleague Dr. Bruce Ng’s latest update here.)

And there could be even bigger opportunities beyond Bitcoin.

Once a bull rally like this one gets underway, BTC tends to take a backseat. 

But the rally keeps going … with top altcoins leading the market higher. 

That’s because the best Bitcoin can hope for this cycle is a 2x-3x gain. Meanwhile, select altcoins have much more room for growth. 

In the past, leading altcoins in a bull market have seen windfalls of 19x … 24x … and even 93x!

That’s why, on Monday, our DeFi expert Marija Matić gave you a heads up of which altcoins have showed the most strength so far.

But these aren’t necessarily the coins that will lead the market higher in the long run. 

For that, I’ll direct you to my colleague Juan Villaverde.

He’s been in the crypto space for years. And in his Weiss Crypto Investor newsletter, he uses that experience and his top-notch analysis to spot the most promising blue-chip cryptos. 

His strategy? To use his Crypto Timing Model to target long-term cycle lows for buying opportunity. Then, he uses the model to target long-term cycle highs to sell. 

That way, he can help his members maximize potential profits.

And it’s a strategy that has proven itself in several bull markets. Last cycle, he was able to lock in gains of over 1,000% on THREE different positions!

To learn more about Juan’s strategy … 

What his Crypto Timing Model is telling him right now …

And what specific altcoins he believes will outperform this cycle …

Watch his latest briefing here.

And in the meantime, buckle up. 

We’re in for a wild ride higher.

Best,

Beth Canova
Crypto Managing Editor

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