● Market sentiment returned to its highest point this year, with the Fear and Greed Index rising to 90
According to TechFlow, Alternative data showed that today's cryptocurrency panic and greed index rose to 90, with a level of extreme greed.
● MicroStrategy’s Bitcoin holdings are worth more than $26 billion
According to Odaily Planet Daily, MicroStrategy's Bitcoin holdings are worth about $26 billion, more than the cash and securities of large companies such as IBM, Nike and Johnson & Johnson, and second only to a dozen companies such as Apple and Alphabet. MicroStrategy plans to raise another $42 billion in the next three years to further increase its Bitcoin investment.
● Top Traders Say XRP, ADA, and DOGE Are Outperforming Expectations
According to BlockBeats, on November 16, top trader Eugene Ng Ah Sio said on the social platform that XRP, ADA and DOGE performed well, surpassing all other assets that the crypto Twitter community had touched in the early days of the bull market. This exceeded his expectations, but he readily accepted the result.
● Wintermute reduces Meme coin holdings and increases BTC, ETH, and SOL
According to Foresight News, crypto researcher Jason Chen published a post and posted Wintermute's holdings data on Arkham. The data showed that Wintermute seemed to have begun to gradually reduce its Meme coin positions. At the same time, the proportion of BTC, ETH, and SOL holdings increased, while the proportion of Meme-related holdings decreased.
● BlackRock Spot ETF bought 1,490 BTC and 6,080 ETH during the market sell-off
According to PANews, Cointelegraph disclosed data on the X platform, showing that BlackRock spot ETF bought 1,490 BTC and 6,080 ETH when the market sold off on November 15.
● Dogecoin founder proposes establishing a national Dogecoin reserve
According to Decrypt, Dogecoin founder Billy Markus proposed the idea of establishing a national Dogecoin reserve on Twitter. This suggestion responded to the post of prediction market Kalshi about Trump's possible creation of a strategic Bitcoin reserve. Trump once said that if he came to power, he would let the US government buy Bitcoin as a reserve asset.
Dogecoin is the sixth largest cryptocurrency with a market cap of $55 billion. Although it started out as a joke, it gained traction in 2020-2021 due to support from Elon Musk. Analysts believe that Dogecoin may soon be open to traditional investors through an ETF and is expected to break all-time price records in 2021.
● Pennsylvania issues Bitcoin strategic reserve bill
According to Foresight News, Dennis Porter, co-founder of Satoshi Action Fund, said on the X platform that Pennsylvania's "Strategic Bitcoin Reserve" bill has been published on the state website. Previously, Pennsylvania legislators Mike Cabell and Aaron Kaufer proposed the bill and submitted it to the state House of Representatives. The bill allows the state treasurer to invest in Bitcoin, digital assets and crypto ETFs.
