Bitcoin surges to $90,000 in a week!
This morning, it hit a new high, breaking through $93,000, just one step away from $100,000. Since the US election, Bitcoin has risen by more than 33%, and its market value briefly exceeded $1.84 trillion, surpassing Saudi Aramco and ranking seventh among the world's mainstream assets. The market responded enthusiastically, with USDT's market value hitting a new high of $127.84 billion. Mainstream sectors rose one after another, and MEME coins such as PUNT rose sharply.
Crypto stocks in the U.S. rose collectively, with MicroStrategy up more than 4%, Coinbase up 3.7%, and Riot Blockchain up 2%. At the same time, the volatility of the crypto market caused a total of $659 million in contracts to be liquidated within 24 hours, including $161 million in BTC and $87.13 million in ETH. Federal Reserve Chairman Powell made hawkish remarks in Dallas this morning, saying that the U.S. economy was strong and did not send a signal of an urgent need for interest rate cuts, providing the central bank with room to cut interest rates cautiously. He pointed out that at a level close to the neutral interest rate, if economic data allows, it would be more prudent to adopt a slow rate cut strategy. This hawkish signal, coupled with the post-election market decline, caused Bitcoin and the four major U.S. stock indexes to fall across the board earlier.
Yesterday, the altcoins followed Bitcoin and XRP in their correction, which was a normal correction, mainly due to the previous large increase. Most altcoins had a correction of about 15%, and the only outstanding one was $XRP, which continued to rise by 15%, setting a recent high. According to the analysis of the day before yesterday, the remaining altcoins can be exited and wait and see, and then enter the market after the market adjustment is over.
For $BOME, although there is a pullback, the overall trend is still bullish, and we will continue to buy the dip after the pullback; ENA and WIF still need to wait for further signals, so we will continue to wait and see.
The pullback is another small opportunity. Xiao Miao recommends a few small projects for your reference!
$TISM, a meme coin on $SUI (non-secondary)
After a thorough wash, the downward trend has slowed down, so you can consider paying attention. The main supporters of $TISM are overseas KOLs and $SUI meme community OGs, and it also has an active Telegram community. Its IP image is quite reminiscent of childhood memories, like an ignorant milk dragon and smiling teeth, which is easy to re-create and can inspire nostalgic emotions.
ACT
If you haven't gotten on board yet, the current pullback is a great opportunity! As the market takes off again, ACT is expected to explode simultaneously. Layout suggestions:
Spot buy: You can enter the market at the current price of 0.7218;
Pullback to cover position: If it falls below 0.55, you can add positions;
Target return: Expected increase is over 50%.
Seize the opportunity and don't miss out on this round of potential profits!
Dogecoin (DOGE)
Don't get off the bus for less than $1!
Why do you say that? Here are a few key points to note about Dogecoin:
1. The first is the launch of Musk's Starship on November 19, which may boost the popularity of Dogecoin again;
2. Musk has confirmed that he will serve as the "Minister of DOGE" when Trump takes office in January next year. It is expected that Dogecoin may usher in another wave of increases in mid-January.
Recommendation: Complete your layout before the end of the year at the latest to seize this potential benefit.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
