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1MicroStrategy on track to own 4% of all bitcoin over next decade as Bernstein raises price target to $6002Bitget Daily Digest | BTC faces short-term drop, XRP ETF filed by WisdomTree3Solana’s monthly DEX volume surpasses $100 billion for the first time
BlackRock's Bitcoin ETF Trades Hit $4B on Election Day
Cryptoticker·2024/11/07 06:27
Bitcoin Dominates Market as Altcoins Struggle to Keep Up
Cryptodnes·2024/11/07 04:44
Donald Trump’s election victory wiped out PolitiFi meme tokens
Share link:In this post: Traders sold the news, crashing the PolitiFi token and wiping out up to 99% of the value of tokens based on Kamala Harris memes. Animal and cult memes rallied, with DOGE leading the gains as a proxy to political news and hype. Murad Mahmudov still holds out for a meme super cycle in the post-election period.
Cryptopolitan·2024/11/07 04:33
Ethereum Price Prediction: ETH Price is Increasing
Cryptoticker·2024/11/07 02:22
SPX6900 Dominates Gains As SPX Price Pumps +35% On Donald Trump Election Victory
99bitcoins·2024/11/07 02:00
Bitcoin Rally Continues: Why the $65K Support Is Key for a $78K Push
Cryptonewsland·2024/11/06 23:33
Trump’s Election Lead Could Impact XRP’s Price and Market Future
Cryptonewsland·2024/11/06 23:33
Shiba Inu’s Kusama Establishes U.S. Blockchain Hub to Promote Development
Cryptonewsland·2024/11/06 23:33
"Crypto President" Trump successfully elected as the new president of the United States, and the crypto market may soar?
How will Trump's election affect the future trends of the cryptocurrency market? What changes will the regulatory environment of the cryptocurrency market face in the future?
Chaincatcher·2024/11/06 20:44
Flash
- 21:24Standard Chartered analyst: Short-term bottom for BTC in $85,000 to $88,700 rangeGeoff Kendrick, Head of Global Digital Asset Research at Standard Chartered, attributes the recent market turmoil, which included a drop in Bitcoin and a rise in long-term US Treasuries, to a decline in the US Treasury term premium. The term premium is the extra return investors demand for holding long-term bonds rather than rolling over short-term bonds. Since Bitcoin is often seen as a hedge against instability in traditional financial markets, increased confidence in U.S. Treasuries could diminish Bitcoin's appeal in the short term, leading to a decline in its price. Kendrick said, ‘MicroStrategy's purchases show no signs of slowing down and they are unlikely to sell, but the average purchase price of $88,700 for ETFs and MSTR since the election could be a short-term bottom, with bitcoin likely to consolidate in the $85,000 to $88,700 range and then resume its upward trajectory.’
- 21:24BTC falls below $91,500The market shows that BTC fell below $91,500 and is now at $91,488, down 3.61% in 24 hours, the market fluctuates a lot, please do a good job of risk control.
- 21:24NYT: Fed Retains Option to Cut RatesAccording to the New York Times, Federal Reserve minutes show that when Fed officials cut interest rates at a meeting this month, they avoided explicitly hinting at what might happen next. The minutes released on Tuesday provided little signal about whether Fed officials are likely to cut rates at their December meeting or how much they might cut in 2025. Economic data has been stronger than economists had expected in recent months. The job market, which had been showing signs of cooling, has stabilised. In light of this, some economists have been wondering if the Fed could pause in cutting rates at its upcoming meeting. But the minutes of the November meeting provided little clear guidance, except to say that over time, interest rates ‘gradually’ lower ‘may be appropriate.’