📰 Blockchain Morning News - November 20, 2024 📷Exclusive interpretation allows you to learn the latest developments in the cryptocurrency circle on Binance Square, don’t miss it!
1. Market dynamics
🎯Bitcoin ($BTC): Bitcoin continues to set new all-time highs, climbing to $93,905 early this morning. The market is confident about its future trend. Grayscale's spot Bitcoin ETF options trading is about to start, and BlackRock's IBIT options have a first-day trading volume of nearly $1.9 billion, showing strong bullish sentiment.
💫Ethereum ($ETH): Ethereum has been relatively flat in recent market performance, and investors are eagerly waiting for its rebound.
🌈Solana ($SOL): Solana remains a bright spot in the market, steadily following the rise of Bitcoin and continuously creating wealth legends on the chain.
🎗Binance Coin ($BNB): BNB remains stable, but has been active recently in pre-IEO trading and when related tokens suddenly rose.
2. Industry hot spots🎯
💎Marathon Digital: Marathon Digital increased its holdings of Bitcoin by issuing convertible bonds, VanEck supported the strategic reserve of Bitcoin, and Michael Saylor helped the streaming platform purchase Bitcoin. Multiple parties promoted the layout of Bitcoin holding.
💡Core Upgrade: Core's Fusion upgrade supports dual staking of Bitcoin and CORE. opBNB cooperates with Pyth Network to support DeFi and promote the development of related fields.
💥Coinbase: Coinbase decided to delist wBTC and launched the Magic Eden token pre-launch market at the same time, trying to diversify its products. dYdX launched the Unlimited version.
3. Industry trends🎯
💡Federal Reserve's attitude: Federal Reserve officials are cautious about the future direction of interest rates and emphasize the impact of fiscal deficits on interest rates.
💡Trump administration: The Trump administration may appoint pro-cryptocurrency officials, Teresa Goody Guillen and Stebbins are considered as candidates for SEC chairman. Polls show that the American public wants Trump to focus on inflation.
