{"id":3203,"date":"2020-11-23T17:11:31","date_gmt":"2020-11-23T16:11:31","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=3203"},"modified":"2022-03-15T11:49:27","modified_gmt":"2022-03-15T10:49:27","slug":"crypto-highlights-week-47-global-search-volume-for-bitcoin-appears-higher-than-in-2017","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/3203","title":{"rendered":"Crypto Highlights Week #47 \u2013 Global search volume for Bitcoin appears higher than in 2017"},"content":{"rendered":"<p><b>Crypto Highlights: <\/b><i>S<\/i><i>aTT goes open-source, Pickle Finance hacked, Grayscale assets holding hits $10 billion, <\/i><i>US Government enlists USDC, Bitcoin rally intensifies: There is more in this week\u2019s Crypto Highlights.&nbsp;<\/i><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#Top_Headlines_Of_The_Week\" title=\"Top Headlines Of The Week\">Top Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#pickle_in_a_pickle_as_attacker_swipes_20_million_in_evil_jar_exploit\" title=\"$pickle in a pickle as attacker swipes $20 million in \u201cevil jar\u201d exploit\">$pickle in a pickle as attacker swipes $20 million in \u201cevil jar\u201d exploit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#Global_search_volume_for_Bitcoin_appears_higher_than_in_2017\" title=\"Global search volume for Bitcoin appears higher than in 2017\">Global search volume for Bitcoin appears higher than in 2017<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#US_Government_Enlists_USDC_for_Global_Foreign_Policy_Objective_in_Venezuela_Circle_CEO\" title=\"US Government Enlists USDC for \u2018Global Foreign Policy Objective\u2019 in Venezuela: Circle CEO\">US Government Enlists USDC for \u2018Global Foreign Policy Objective\u2019 in Venezuela: Circle CEO<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#Exclusive_From_SaTT\" title=\"Exclusive From SaTT\">Exclusive From SaTT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#SaTT_smart_advertising_is_in_good_company_taking_the_open-source_route\" title=\"SaTT smart advertising is in good company taking the open-source route\">SaTT smart advertising is in good company taking the open-source route<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#This_Weeks_Mainstream_Adoption\" title=\"This Week&#8217;s Mainstream Adoption\">This Week&#8217;s Mainstream Adoption<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#Grayscales_Crypto_Assets_Under_Management_Break_10B\" title=\"Grayscale\u2019s Crypto Assets Under Management Break $10B\">Grayscale\u2019s Crypto Assets Under Management Break $10B<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#4_reasons_why_Bitcoin_price_is_on_the_verge_of_a_new_all-time_high\" title=\"4 reasons why Bitcoin price is on the verge of a new all-time high\">4 reasons why Bitcoin price is on the verge of a new all-time high<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/3203\/#Meme_Of_The_Week\" title=\"Meme Of The Week\">Meme Of The Week<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_Of_The_Week\"><\/span><b>Top Headlines Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3204\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Picture11.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Picture11.jpg 468w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Picture11-300x200.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Amid the current Bitcoin rally, the global search for Bitcoin reached a new all-time high compared to the metrics recorded during the 2017 bull-run.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The serial attacks on DeFi protocols continue as Pickle Finance suffers an exploit which saw $20 million being whisked away from the protocol.&nbsp;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SaTT en route to open source as we look to foster community participation and contributions from seasoned programmers.&nbsp;<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"pickle_in_a_pickle_as_attacker_swipes_20_million_in_evil_jar_exploit\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/pickle-in-a-pickle-as-attacker-swipes-20-million-in-evil-jar-exploit?\" target=\"_blank\" rel=\"noopener\"><b><i>$pickle in a pickle as attacker swipes $20 million in \u201cevil jar\u201d exploit<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3208\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/N23Hjh0.png\" alt=\"\" width=\"700\" height=\"394\" title=\"\"><\/p>\n<p><span style=\"font-weight: 400;\">It is fast becoming a norm as each week now accompanies at least one DeFi attack. In the most recent hack, Pickle Finance has joined the long list of DeFi protocols that has suffered a major hack in the last 3 months. The <\/span><a href=\"https:\/\/etherscan.io\/tx\/0xe72d4e7ba9b5af0cf2a8cfb1e30fd9f388df0ab3da79790be842bfbed11087b0\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">attack resulted<\/span><\/a><span style=\"font-weight: 400;\"> in the loss of $20 million dollars being whisked away from the farming project<\/span><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unlike other DeFi exploits that involve the use of flash loans to execute the exploit, the case of Pickle was different, the attacker <\/span><a href=\"https:\/\/twitter.com\/mattybchats\/status\/1330226503028797446?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1330226503028797446%7Ctwgr%5E&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fpickle-in-a-pickle-as-attacker-swipes-20-million-in-evil-jar-exploit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">swapped<\/span><\/a><span style=\"font-weight: 400;\"> funds between a malicious copycat contract and the cDAI jar. Attacker reportedly created \u201cevil jars, \u201d smart contracts which \u201chave the same interface of traditional jars but do bad things.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He then swapped funds between his \u201cevil jar\u201d and the real cDAI jar, making off with the $20 million in deposits. This attack is now a big blow to Pickle Finance who have been gaining increased adoption, clocking $75 million of total value locked in the protocol. Following the attack, Pickle Finance\u2019 governance token has plunged over 50%, falling from $24 to $10 in a few hours.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Global_search_volume_for_Bitcoin_appears_higher_than_in_2017\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/global-search-volume-for-bitcoin-appears-higher-than-in-2017?\" target=\"_blank\" rel=\"noopener\"><b><i>Global search volume for Bitcoin appears higher than in 2017<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2643\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoinq.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\"><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin has been in the spotlight for the past weeks. There has been growing institutional and retail interest and a large spike in the number of people entering the cryptocurrency industry each day.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Relying on data <\/span><a href=\"https:\/\/twitter.com\/BradMichelson\/status\/1329555141821952000?s=20\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">extracted<\/span><\/a><span style=\"font-weight: 400;\"> by Brad Michelson, a senior marketing manager at eToro, a major trading and investment platform: the current monthly global volume for Bitcoin searches has out-run the number witnessed in December 2017.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Expanding on the information, Michelson <\/span><a href=\"https:\/\/twitter.com\/BradMichelson\/status\/1329555141821952000?s=20\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> that Bitcoin-related monthly global search volume in November 2020 stood at 8.9 million. This is up 356% more than the BTC search volume recorded back in December 2017, which stood at 2.5 million. This data reveals that more people are getting interested in knowing what is fueling the current bullish sentiment, and as such, they are searching out how to benefit from the market trend.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Does this metric translate to a bullish trend for the digital asset? The belief is that new investors entering the market fuels an increased demand for Bitcoin which leads to positive price action.&nbsp;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"US_Government_Enlists_USDC_for_Global_Foreign_Policy_Objective_in_Venezuela_Circle_CEO\"><\/span><a href=\"https:\/\/www.coindesk.com\/circle-usdc-venezuela-airtm\" target=\"_blank\" rel=\"noopener\"><b><i>US Government Enlists USDC for \u2018Global Foreign Policy Objective\u2019 in Venezuela: Circle CEO<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3206\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/ss-5bfc327ac9e77c0051810fc3.jpg\" alt=\"\" width=\"700\" height=\"452\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/ss-5bfc327ac9e77c0051810fc3.jpg 600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/ss-5bfc327ac9e77c0051810fc3-300x194.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Governments are beginning to adopt stablecoins starting with Circle\u2019s USDC. Circle is reportedly working with the U.S government to bypass Nicol\u00e1s Maduro and support the Bolivarian Republic of Venezuela led by Juan Guaid\u00f3. There are <\/span><a href=\"https:\/\/www.circle.com\/blog\/circle-partners-with-bolivarian-republic-of-venezuela-and-airtm-to-deliver-aid-to-venezuelans-using-usdc\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reports<\/span><\/a><span style=\"font-weight: 400;\"> that Circle is using its dollar-pegged stablecoin USDC to distribute relief funds to medical workers and other Venezuelan locals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CEO Jeremy Allaire informed CoinDesk this was his company\u2019s first government partnership:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cThe partnership, obviously, is with the exiled government,\u201d Allaire reported in an interview. \u201cThe history here is that many countries, including the United States, recognize President-elect Juan Guaid\u00f3 as the president of Venezuela. Maduro did not accept the results of an election and maintained power.\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The move to reach a partnership with Circle became apparent after Maduro tried blocking the distribution of funds by the U.S. Treasury Department to the Venezuela residence.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The U.S. Treasury Department has been trying to send these funds directly to Venezuelan residents, but this task has been made difficult after Maduro tried blocking the distribution of these funds. Good or bad faith; it&#8217;s exciting to see crypto stablecoins being adopted in areas of traditional finance that have suffered censorship.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exclusive_From_SaTT\"><\/span><b>Exclusive From SaTT<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_smart_advertising_is_in_good_company_taking_the_open-source_route\"><\/span><a href=\"https:\/\/www.crypto-news-flash.com\/satt-smart-advertising-is-in-good-company-taking-the-open-source-route\/\" target=\"_blank\" rel=\"noopener\"><b><i>SaTT smart advertising is in good company taking the open-source route<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2858\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Image-1-4.jpg\" alt=\"\" width=\"700\" height=\"310\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Image-1-4.jpg 1280w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Image-1-4-300x133.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Image-1-4-1024x454.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/10\/Image-1-4-768x340.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Basically, the term Open Source denotes that a product includes permission to use its source code, design documents, or content. Our decision to go open source is anchored on making SaTT a state-of-the-art project that draws insights and contributions from the community.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This implies that any developer or programmer can contribute to the development of an open-source SaTT ecosystem, which is an intriguing and productive way of involving global talents and communities to collaborate and produce high-quality programs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Living up to the names of projects like Ethereum, Hyperlegder, and MetaMask that has gone the open-source route, SaTT intends to be a community-driven project that anchors on a solid development framework and quality coding. As a blockchain-based advertising project, SaTT will be setting the precedence for others to follow in the route to decentralized advertising.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Mainstream_Adoption\"><\/span><strong>This Week&#8217;s Mainstream Adoption<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Grayscales_Crypto_Assets_Under_Management_Break_10B\"><\/span><a href=\"https:\/\/www.coindesk.com\/grayscale-bitcoin-digital-assets-milestone\" target=\"_blank\" rel=\"noopener\"><b><i>Grayscale\u2019s Crypto Assets Under Management Break $10B<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3207\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Grayscale-social-1024x538-1.jpg\" alt=\"\" width=\"700\" height=\"368\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Grayscale-social-1024x538-1.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Grayscale-social-1024x538-1-300x158.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Grayscale-social-1024x538-1-768x404.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">With $10 billion in digital assets under management, Grayscale Investment remains the largest cryptocurrency asset management firm in existence. The <\/span><span style=\"font-weight: 400;\">&nbsp;<\/span><a href=\"https:\/\/twitter.com\/Grayscale\/status\/1328815176154492929?s=20\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">$10.4 billion<\/span><\/a> <span style=\"font-weight: 400;\">in assets held by the firm includes Bitcoin, Bitcoin Cash, Ether, Horizen, Ethereum Classic, Litecoin, Stellar, XRP, and Zcash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total assets held by Graycales stood at $7.6 billion as of October 30, although Grayscale has added a chunk of crypto assets in the past days, however, the price appreciation across all cryptocurrencies has also accounted for the recent growth. Grayscale took in<\/span><span style=\"font-weight: 400;\"> $262.3 million <\/span><span style=\"font-weight: 400;\">last week alone, Managing Director Michael Sonnenshein <\/span><a href=\"https:\/\/twitter.com\/Sonnenshein\/status\/1327384720242593792?s=20\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweeted<\/span><\/a><span style=\"font-weight: 400;\"> on Friday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The assets are held across nine single-asset investment trusts and a diversified fund. Shares in these vehicles are offered directly only to accredited investors, but most of them can be publicly traded on over-the-counter markets.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"4_reasons_why_Bitcoin_price_is_on_the_verge_of_a_new_all-time_high\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/4-reasons-why-bitcoin-price-is-on-the-verge-of-a-new-all-time-high?\" target=\"_blank\" rel=\"noopener\"><b><i>4 reasons why Bitcoin price is on the verge of a new all-time high<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2549\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoin-down.jpg\" alt=\"\" width=\"700\" height=\"438\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoin-down.jpg 1000w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoin-down-300x188.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/09\/Bitcoin-down-768x480.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin has been on a \u2018tear mode\u2019 since testing the $10k support repeatedly. The current Bitcoin rally is being fueled by institutional FOMO which has seen a couple of big players pull a massive investment in the digital asset. As at the time of writing, Bitcoin was holding strong around the $18k region.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The four factors currently sustaining Bitcoin momentum are <em><strong>institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach<\/strong><\/em>.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on the combination of these four factors, and the fact that global central bank policies of continued liquidity injections may likely raise inflation, the probability of BTC securing a new all-time high soon remains high.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On Nov. 18, Bitcoin crashed from $18,500 to around $17,200, minutes after <\/span><a href=\"https:\/\/cointelegraph.com\/news\/path-to-20k-bitcoin-price-now-wide-open-after-previous-resistance-breaks\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reaching<\/span><\/a><span style=\"font-weight: 400;\"> a two-year high. The sharp rejection on the day showed that large amounts of sell orders were filed above $18,500. Currently, Bitcoin is trading around the $18,000 region while traders keep betting on the probability of a potential all-time high before the next massive retracement.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Meme_Of_The_Week\"><\/span><b>Meme Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3205\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Picture21.jpg\" alt=\"\" width=\"700\" height=\"393\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Picture21.jpg 600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2020\/11\/Picture21-300x169.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>We hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2020\/11\/16\/crypto-highlights-week-46-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: SaTT goes open-source, Pickle Finance hacked, Grayscale assets holding hits $10 billion, US Government enlists USDC, Bitcoin rally intensifies: There is more in this week\u2019s Crypto Highlights.&nbsp; Top Headlines Of The Week Amid the current Bitcoin rally, the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-3203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=3203"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3203\/revisions"}],"predecessor-version":[{"id":11012,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/3203\/revisions\/11012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/3194"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=3203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=3203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=3203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}