🆕Overview of the crypto market in 24h: Crypto welcomes new US President - Donald Trump

⏰Thursday, November 07, 2024

♨️Overview:

Bitcoin experiences a surge in trading following the US presidential election results, with the victory leaning towards the crypto-friendly candidate Donald Trump. He will begin his second term upon returning to the White House in January 2025. The market is optimistic as Bitcoin sets an ATH at 75K. The DOM remains high, so even though BTC has an ATH, many accounts are still in the red as they mostly hold Altcoins. Bitcoin ETF funds also saw strong buying after three consecutive days of outflows, particularly ETH with the largest positive cash flow since its inception.

The US presidential election has been decided, and this week we still have a major event as the FED announces the last FOMC of the year. Nearly 98% predict that the FED will reduce interest rates by 0.25%.

♨️ETF Updating (06/11/24):

💰Bitcoin Spot ETF: 🟢$240M

🔹Ethereum Spot ETF: 🟢$25.4M

🎯Weekly Highlights:

▪️Thursday: FED's interest rate decision

▪️Donald Trump becomes the 47th President of the United States.

▪️Tether mints an additional $2B on the ETH network, burns 1B USDT.

❇️Top Gainers/Losers:

🟢$NEIRO 53% 🔴$RARE 4%

🟢$LDO 38% 🔴$PAXG 3%

🟢$ENA 36% 🔴$OAX 1%

🆕Hot News:

- Cartwright advises UK pension funds to allocate 3% of assets to Bitcoin (~$59M)👉Cartwright

- Binance lists two projects simultaneously: Cow Protocol (COW) on ETH and Cetus Protocol (CETUS) on SUI👉Binance

- After Andre Cronje, Jusstin, and Loi Luu, others have also come forward to defend Binance regarding listing fees👉J. Sun

- 10 promises made by Donald Trump related to crypto👉WuBlockchain

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