🆕Crypto Market Overview 24h - Welcome November
⏰Friday, November 01, 2024
♨️Overview:
Bitcoin sharply corrected as it entered the last trading session of the month with a decrease of ~3% along with an increase in DOM, causing the entire Altcoin market to dump significantly. However, Bitcoin closed the monthly candle with an increase of ~16%. Yesterday also marked the return of Mr. CZ since completing his sentence. In summary, CZ did not mention much about crypto but continued to emphasize the long-term growth of crypto. CZ is no longer the direct operator of Binance, but he still plays a significant role at Binance as a shareholder and has the right to view Binance's reports.
Regarding macroeconomics, this week we had data on GDP, PCE, but the focus will be today with Non-farm data and the unemployment rate.
♨️ETF Updating (10/31/24):
💰Bitcoin Spot ETF: 🔴$105M
🔹Ethereum Spot ETF: 🔴$36.6M
🎯Weekly Highlights:
▪️Update Core PCE: Current 2.7 | Expectation 2.6 | Previous 2.7
▪️Friday: Non-farm and Unemployment Rate.
▪️Russia announces new crypto law expanding state control over digital assets.
▪️Tether's Q3 profit reached $2.5B, reserves exceeded circulating market capitalization.
❇️Top Gainers/Losers:
🟢$KAIA 13% 🔴$IMX 13%
🟢$RAY 4% 🔴$AAVE 8%
🟢$BSV 2% 🔴$NEIRO 8%
🆕Hot News:
- MicroStrategy announces plans to raise an additional $42B over the next 3 years to buy Bitcoin👉MicroStrategy
- The U.S. Blockchain Association stated that the SEC has caused the crypto industry a loss of $400M since Gensler became chairman👉TheBlock
- Ellipsis Labs raised $20M from Haun Ventures👉CoinDesk
- Donald Trump congratulates the 16th anniversary of Bitcoin's inception👉DonaldTrump
