Crypto Weekly Report
Last Week Review:
I. Important Events
1. Trump wins the 2024 U.S. presidential election.
2. Bitcoin continuously sets new historical highs.
3. Republican SEC Commissioner Uyeda: The SEC's duty in 2025 is to end the Biden Administration's 'cryptocurrency war.'
4. The Federal Reserve cuts interest rates by another 25 basis points.
5. Federal Reserve Chairman Powell: As we approach the neutral interest rate, it may be necessary to slow down the pace of rate cuts.
II. Important Data
1. Bank of England interest rate decision as of November 7. Previous value: 5% Forecast: 4.75% Published value: 4.75% (Bullish)
2. U.S. initial jobless claims for the week ending November 2 (ten thousand) Previous value: 21.8 Forecast: 22.1 Published value: 22.1
3. Federal Reserve interest rate decision as of November 7. Previous value: 5% Forecast: 4.75% Published value: 4.75% (Bullish)
III. BTC, ETH (ETF) Net Inflow/Outflow Data Statistics
Last week BTC (ETF) net inflow of $1.615 billion.
Last week ETH (ETF) net inflow of $154 million.
This Week's Key Focus:
1. November 13 at 21:30, release of U.S. October unadjusted CPI year-on-year.
2. November 13 at 21:30, release of U.S. October seasonally adjusted CPI month-on-month.
3. November 14 at 21:30, release of U.S. initial jobless claims for the week ending November 9.
4. November 15 at 21:30, release of U.S. October retail sales month-on-month.
5. November 15 at 04:00, Federal Reserve Chairman Powell is invited to participate in a dialogue titled 'Global Perspective.'
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