Bitcoin investment essentials, this week's major events preview (11/25-12/1)
This week is Thanksgiving, with economic events and data concentrated on the Wednesday before Thanksgiving. The US stock market is closed on Thursday and Friday. The recent market trends related to cryptocurrencies in US stocks have been significant, showing a high correlation with cryptocurrencies, so it is worth paying close attention to.
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This week's major events:
11/27 Wednesday
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Federal Reserve releases minutes of the November monetary policy meeting (03:00)
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Reserve Bank of New Zealand interest rate decision (09:00)
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US initial jobless claims for the week (21:30)
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US October core PCE price index year-on-year (23:00)
11/28 Thursday
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Thanksgiving
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Cryptocurrency market outlook:
Bitcoin is just one step away from $100,000, still needing that last push. ETH also saw a significant rebound last week, driving altcoins to rise across the board. The sentiment in the cryptocurrency market is gradually shifting back from Meme to the main market. There was a slight pullback over the weekend, but the market's absorption capacity is very strong, with bulls being very aggressive in the spot bull market.
The options market is relatively stable, and large trades and market rates are worth paying attention to. Currently, the implied volatility for major terms is at a relatively low level, making it a good opportunity to buy options during this strong bull market.
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Regarding the cryptocurrency interest rate market, the Bitfinex interest rate market has been relatively stable recently, and suitable interest rate orders can be actively executed, especially during market movements that deserve special attention.
