CoinVoice recently learned that QCP Capital's latest analysis pointed out that Bitcoin is approaching the $90,000 mark and has entered a "new stage", becoming an important asset held by companies, governments and institutions. Bitcoin ETF demand hit a record high, with net inflows of $2.28 billion in 3 days. After the US election, Bitcoin ETF attracted $1.8 billion in funds, and this week started strongly, with another net inflow of $1.1 billion.
At the same time, Dogecoin has seen a surge. After Trump announced the establishment of the Department of Government Efficiency (DOGE), the price once hit $0.43. It is currently trading at $0.37, up nearly 20%. Tesla CEO Musk and former Republican candidate Vivek Ramaswamy will lead the department, which aims to streamline federal agencies and cut excessive regulation. Since Election Day, Dogecoin has risen 153%, far exceeding Bitcoin's 30% increase, and its market value has surpassed XRP to rank sixth.
The market is paying attention to the CPI data to be released today. It is expected that the core CPI in October will remain at 0.3%, and the annual CPI is expected to rise by 2.6%. The market currently expects a 70% chance of a final rate cut in December, but today's CPI, the PCE data on November 27, and Trump's potential policy changes may affect the Fed's final decision. [Original link]
