Currently, CME's "Fed Watch" shows that the probability of the Fed cutting interest rates by 25 basis points in December is as high as 95.4%. The Fed's rate cuts usually mean a low interest rate environment, which creates favorable conditions for risky assets including Bitcoin. Historically, every Fed rate cut has encouraged investors to re-examine their asset allocation, especially assets with high return potential such as cryptocurrencies.
Against the backdrop of the Fed's rate cuts, the market's capital costs have decreased, liquidity has increased, and the attractiveness of assets such as Bitcoin has also increased. Investors' risk appetite has increased, and cryptocurrencies, as non-traditional assets, will usher in more capital inflows. Especially as inflation is gradually brought under control, Bitcoin's hard currency attributes will be further emphasized, and investors' "risk aversion" sentiment will bring in a certain amount of incremental funds.
MicroStrategy Profits Surpass $20 Billion: Crypto Goes Mainstream
MicroStrategy has made more than $20 billion in profits on its Bitcoin holdings. This impressive achievement not only proves the strong performance of Bitcoin as an asset class, but also demonstrates the dominance of institutional investors in the cryptocurrency market. MicroStrategy has always appeared as a staunch supporter of cryptocurrency, and its success has made more traditional investors begin to pay attention to this emerging asset.
Cryptocurrency is no longer just a toy for a small number of investors, it has gradually entered the mainstream market. As more and more institutional investors such as MicroStrategy and Elon Musk recognize Bitcoin, the market's confidence in digital currency is growing. In the future, as more large institutions participate in this market, cryptocurrency will become an indispensable part of the global financial system.
Japan's Metaplanet issues bonds to increase Bitcoin holdings: Trends in Asian markets
Metaplanet's move is also worth noting. The company's decision to issue 4.5 billion yen in bonds to increase its holdings of Bitcoin marks the acceleration of the recognition of cryptocurrencies in the Asian market. As a listed company in Japan, Metaplanet's decision is of great symbolic significance, indicating that the acceptance of Bitcoin as a global asset has expanded to the Asian market.
This behavior of Japanese companies shows that Asia is not only leading in manufacturing and technological innovation, but also plays an increasingly important role in the field of cryptocurrency investment. It is expected that more Asian companies will follow Metaplanet in the future to promote the popularization of cryptocurrencies such as Bitcoin.
He Yi's comments on Memecoin: Healthy development of the market
In a recent speech, He Yi, co-founder of Aoan, pointed out that most Meme coins will eventually return to zero, but a few Meme coins will survive. Although this statement may make some speculators uneasy, it reflects Aoan's concern for the healthy development of the market. As the world's leading cryptocurrency trading platform, Aoan's statement provides a warning signal for investors: while chasing hot projects, they also need to be vigilant about the long-term value of the market.
He Yi's view reflects the characteristics of a mature market, that is, it is necessary to pay attention not only to short-term hot spots, but also to the fundamentals of the project itself and its long-term development potential. In the future, the cryptocurrency market will pay more and more attention to the practical application and sustainability of the project, which is undoubtedly a positive signal for the healthy development of the crypto market.
The U.S. presidential election results boost the crypto market
The news that Trump was officially elected as the President of the United States also has a potential positive impact on the cryptocurrency market. During his tenure, the Trump government's regulatory policy on cryptocurrencies was relatively loose. It is expected that after Trump is re-elected, he will continue to push the regulatory environment of cryptocurrencies in a positive direction.
With the support of Trump's policies, the cryptocurrency market will usher in more favorable policies, providing strong support for the market expansion of digital assets such as Bitcoin. It is expected that the market will usher in more capital inflows in the coming months.
The U.S. spot Ethereum ETF had a net inflow of 36,300 coins yesterday, worth $145 million
The U.S. spot Bitcoin ETF had a net inflow of 4,585 coins yesterday, worth $486 million
BTC: Bitcoin closed with a "tombstone line" yesterday, which is a typical top reversal signal, indicating that the bulls are weak in their upward attack, the bears are gradually taking the initiative, and the short-term market sentiment has turned to caution.
Overall, the short-term market trend is weak, and a small correction is expected to test the support downward. Considering the continuous net inflow of ETF funds, the correction will be relatively limited. At present, the end time of this round of adjustment may extend to January 2025, so wait patiently for market sentiment to pick up again.
ETH: Ethereum closed with a "small negative line" yesterday, and has already pulled back to the 20-day moving average. Ethereum's long-short ratio has always been at a high level, which may also be a factor that has been hindering Ethereum's rebound. Be patient and wait for this round of correction and adjustment. After the adjustment, Ethereum is expected to usher in a new round of rebound.
Altcoins: Currently, the capital side of the altcoin market is relatively quiet. There is no sign of capital re-entry in the short term, and the market activity is obviously insufficient. Most altcoins are currently in the stage of adjustment, waiting for capital to flow back. Although the current market atmosphere is relatively flat and the hype sentiment has not been ignited again, it does not mean that there is no opportunity. The recovery of market sentiment may only be a matter of time. Be patient and wait. There may be better capital support in the future, and altcoins may rebound at that time.
Today's Fear and Greed Index: 81 (Extreme Greed)