November 19, 2024 Recent Highlights:
1. Bitcoin Spot ETF
Last week net inflow of $1.67 billion, the largest weekly net inflow came from Ark Invest and 221Shares' ARKB ETF, amounting to $153 million.
2. Ethereum Spot ETF
Last week single-week net inflow of $515 million, setting a historical high.
3. Bitcoin's correlation with the Nasdaq index declines
According to CoinDesk, in 2024, Bitcoin's correlation with the Nasdaq index dropped to 52%, while the 30-day correlation was 0.46, one of the lowest levels in the past five years.
4. Altcoin trading volume surges
Kaiko data shows that weekly trading volume of altcoins has surpassed $300 billion for the first time since 2021, with DOGE, XRP, SOL, and PEPE accounting for 60% of the total trading volume.
5. Musk still holds Dogecoin
An audio clip shared by DogeDesigner shows that Musk still holds a large amount of Dogecoin, while SpaceX holds a significant amount of Bitcoin.
6. Tether mints new USDT
According to Whale Alert, Tether Treasury has minted 1 billion USDT on the Ethereum network.
7. Polish presidential candidate supports Bitcoin
According to Bitcoin Magazine, Polish presidential candidate Sławomir Mentzen stated that if elected, he would adopt Bitcoin as a strategic reserve.
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