🆕24h Crypto Market Overview: DOM Decreases and Altcoin Recovery
⏰Wednesday, November 27, 2024
♨️Overview:
Bitcoin continues to undergo a trading adjustment toward the 90K region and recovers toward 92K alongside an increase in DOM, causing the Altcoin market to be on fire after a quite explosive weekend trading session. There is no FUD, but this adjustment could help the market become healthier since Bitcoin has increased rapidly in the past. Even in a bullish market, a correction of up to -30% can completely occur. Bitcoin ETF funds, after a record buying week totaling $3.1B, have had 2 consecutive selling sessions.
Regarding macro, the minutes of the Federal Open Market Committee (FOMC) meeting provide a detailed account of the policy-setting meeting held about three weeks prior, with GDP, PCE, and Core CPC announced on Wednesday.
♨️ETF Updating (26/11/24):
💰Bitcoin Spot ETF: 🔴$31.3M
🔹Ethereum Spot ETF: 🔴$3.8M
🎯Weekly Highlights:
▪️Wednesday: FOMC meeting minutes release, Q3 GDP, PCE and Core PCE
▪️Thursday: FOMC meeting minutes release
▪️Friday: EU CPI, Chicago PMI release
▪️Saturday: China manufacturing PMI.
❇️Top Gainers/Losers:
🟢$LDO 14% 🔴$XTZ 13%
🟢$AAVE 6% 🔴$KAIA 12%
🟢$ARB 6% 🔴$MANA 11%
🆕Hot News:
- Thena is Binance's second Airdrop project for Hodlers after Banama👉Binance #BinanceHODLerTHE
- MicroStrategy purchased an additional 55.5k BTC at a price of ~97K8👉Michael Saylor
- Binance will delist GFT, IRIS, KEY, OAX, and REN from 10/12/2024👉Binance
- CZ calls for the development of Dapps with practical applications using blockchain instead of developing memes as currently done👉CZ
- LimeWire has introduced a decentralized file sharing feature based on BNB Greenfield👉Cointelegraph
