Over the weekend, BTC surged to create a new historical high, but the lack of increased liquidity in altcoins has led to a relatively weak trend. Overall, altcoins are following ETH's lead. The daily performance of ETH is quite healthy, and there is no need to worry. If ETF inflows are normal this week, the trend will also build momentum for another rise, breaking through previous highs! Let's take a look at the recent market hotspots:
1. DeFi's Cow and ENA have surged. The Trump family's funds used the trading aggregator, Cow, to purchase stablecoin ENA and RWA's Ondo. Recently, Trump's calls have greatly exceeded those of Musk.
2. Public chains FTM and SUI have risen. FTM will launch its second-generation mainnet Sonic next week. The SOL/BTC exchange rate has broken the annual line, and SOL may struggle to achieve excess returns in the coming months. The SOL on-chain animal meme is taking a temporary break.
3. The price of UTK has surged significantly. UTK is an old coin from 2017, and the market is speculating on phonetic puns. Twitter's payment service has been renamed to Xmoney, sharing the same name as UTK's full name.
4. On-chain DEX Hype's market cap has entered the top 10, reaching a peak of $25 billion. Hype's contract volume has reached 10% of BN, with an annual income of $300 million (BN's annual revenue is $10-20 billion). Hype's founder, similar to SBF, comes from a market-making background, making the market comparable to FTX speculation.
5. On-chain AI's Fartcoin, ARC, and Virtual have surged significantly. Fartcoin's market cap has surpassed Goat. ARC is an AI platform similar to AI16Z's Eliza.
Trump's DeFi project purchased ENA through Cow.
The Trump family used a trading aggregator, Cow, to purchase stablecoin ENA and RWA's Ondo. Recently, Trump's calls have significantly surpassed those of Musk. The coins involved need to be closely monitored, as they may be subject to speculation!
Will a trend reversal occur this week? Cherish the last opportunity to get in before the market explodes!
From historical experience, each peak of Bitcoin is repeatedly oscillating to 'wash out' investors, which means that the main funds are trying to eliminate those who bought Bitcoin at 90,000, 80,000, or even 70,000 price levels, attracting more people into the market and encouraging them to hold until a rebound. The future performance of altcoins is closely related to ETH; after all, if Ethereum takes over from Bitcoin in the latter half, there is a very high probability of a breakout to new highs, or even higher!
At 3 AM on the 19th this week, the Federal Reserve will announce the December interest rate decision, with market expectations showing a 99.99% probability of a rate cut. This is a clear positive signal, and when good news occurs, there will be significant opportunities for market movement; at the very least, there will be a few days of oscillation to shake out weak positions and high short-term leverage.
