Here’s what happened in crypto today
Today in crypto, analysts predict Bitcoin could hit $100,000 by the end of November based on historical trends and increased investor demand following recent elections. Bitcoin surpassed $90,000 on November 13 and is already up over 20% this month. However, concerns arise from high leveraged ratios in the market, with warnings to manage risk appropriately. In other news, StarkWare CEO Eli Ben Sasson announced that the OP_CAT upgrade is expected to roll out within the next year, which will enhance Bitcoin's scripting capabilities and support functionalities like covenants and ZK-rollups. This upgrade will also see Starknet becoming the first layer-2 network to settle on both Bitcoin and Ethereum. Additionally, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is expanding from Ethereum to other blockchains, indicating broader integration within the ecosystem.
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