Today Market Update

Market Overview:

$BTC surges and #altcoins rally. The market's focus has shifted back to the speculation of AI, meme coins, and new public chains

US stocks have reached new highs, boosted by the November CPI inflation data, which has raised expectations for an interest rate cut by the Federal Reserve next week.

Market Highlights:

AI sector such as TURBO, CTXC, GOAT, ACT, AI16Z, VIRTUAL, and FARTCOIN. Many AI meme coins, like AI16Z and FARTCOIN, have reached new highs. This trend aligns perfectly with the US stock market. After speculating on AI hardware infrastructure, the market is now moving towards AI software applications. This logic is similar to the market’s pattern of speculating on Apple’s hardware and then shifting to mobile games and apps.

The meme coin $PNUT surged and is listed on Coinbase. The potential for growth has opened up, with its market cap likely to benchmark against PEPE’s market cap. Recently, Coinbase has been listing more meme coins, while Binance has added more VC tokens.

$SUI has surged, with its ecosystem projects like CETUS also seeing gains. SUI has launched a global accelerator program.

New tokens on Binance, such as ORCA and ACX, have rebounded from previous lows. However, VC tokens like ME and MOVE are experiencing a gradual decline after initial spikes. The new DeFi token HYPE hit a new market cap high, reaching $16 billion.