The inflation data released by the United States on Wednesday showed that the annual rate of CPI in October was 2.6%, in line with the expected value of 2.6% and higher than the previous value of 2.4%. The annual rate of core CPI in October was 3.3%, in line with the expected value of 3.3%, and the same as the previous value of 3.3%. All the data of the US CPI in October were in line with expectations. The US stock index opened higher, the Nasdaq index opened up 0.3%, and the S&P 500 index opened up 0.35%. BTC reached $93,000, setting a new record high. The probability of the Federal Reserve cutting interest rates in December has risen to 75%.

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Trump said: Elon Musk will work with Vivek Ramaswamy to lead the Department of Government Efficiency (DOGE), cut excessive regulation, cut wasteful spending, and reorganize federal agencies, which is essential to "saving America" ​​and will eliminate the huge waste and fraud in the $6.5 trillion government spending each year. The U.S. Digital Chamber of Commerce urged U.S. lawmakers to pass stablecoin legislation immediately. Cody Carbone, director of the Digital Chamber of Commerce, expects stablecoin legislation to be on Trump's desk in 2025. He hopes that the report will inspire lawmakers and points out that other countries are also seeking to strengthen the use of stablecoins. In the first nine months of this year, the Hong Kong police received a total of 3,468 investment fraud cases involving approximately HK$2.2 billion. Nearly 40% of the cases involved financial investment products and 35% involved virtual assets. The police reminded investors to be vigilant and avoid falling into scams. Villeroy de Villeroy, governor of the Bank of France, said that BTC is still a high-risk asset. On November 13, Musk responded again with the "Peanuts" emoticon when commenting on a post about useless spending by the U.S. government. Musk said that "America was saved by a squirrel and meme coins", and the squirrel refers to Peanut, the internet celebrity squirrel who was executed by relevant US agencies. MtGox address has recently sent BTC to the outside world 5 times, totaling 37897.965 BTC, worth about 2.62 billion US dollars. MARA Holdings announced its third quarter financial report: the company's BTC holdings increased to 26747 BTC.

According to appfigures data, CB App ranks first in the free financial app rankings in the U.S. region of Apple AppStore, surpassing Robinhood, Cash App and PayPal. According to Tradingview data, BTC's market share reached 60.65%, setting a new high in this round of bull market. Polymarket predicts that the probability of BTC reaching $105,000 this month is 36%, and the probability of reaching $95,000 is 72%. Matrixport reported that in the past 24 hours, BTC trading volume exceeded $145 billion, setting a record high, nearly 50% higher than the flash crash in early August this year and the highest point in March. The surge in trading volume indicates that retail investors are returning to the crypto market. According to historical data, in the bull market stage, the active cycle of retail trading can usually last for weeks or even months, which can be regarded as a bullish signal. The popularity of Google searches for Bitcoin has also increased significantly, reaching 78% of the highest level in the past five years. Since the US election, the inflow of funds to BTCETF has exceeded $1 billion for two consecutive days. Glassnode reported that since BTC broke through $73,679 on November 5, "realized profits" have averaged about $1.56 billion per day, about half of the previous all-time high of $3 billion in March, but still below the all-time high, indicating that there is room for further gains before potential demand is exhausted. On November 12, the US BTC spot ETF had a net inflow of $805 million, of which BlackRock IBIT had an inflow of $762.5 million; the US ETH spot ETF had a net inflow of $135.59 million, of which BlackRock ETHA had an inflow of $131 million.

Eric Balchunas, senior ETF analyst at Bloomberg, said that the inflow of funds in ETH ETF yesterday and this week was impressive, and the trend was positive. The selling pressure of Grayscale ETHE seemed to have ended, and there was no outflow of funds in 6 days. Although it still lags behind BTC ETF, it is promising in the future. CryptoQuant CEO Ki Young Ju said that BTC is currently in the price discovery stage, which is more prone to sharp rises and falls, similar to the multiple price fluctuations in the previous bull market. Chris Weston, head of Pepperstone Group, said that BTC is in "beast mode" and investors are betting that BTC will break through $100,000 as early as the end of this year. Data released by the United States on Wednesday showed that the annual rate of CPI in October was 2.6%, in line with the expected value of 2.6%, higher than the previous value of 2.4%; the annual rate of core CPI in October was 3.3%, in line with the expected value of 3.3%, the same as the previous value of 3.3%. Analyst Robert Pavlik said that the U.S. October CPI data was in line with expectations, easing some of the market's concerns before the data was released. The decline in U.S. Treasury yields was beneficial to stock futures, and the Fed was on the glide path to another rate cut, which may happen again. Economist Anna Wong said that the October CPI report was still similar to the past few months; inflation did not pick up, nor did it cool down faster. There was no information in the October CPI report that would prevent the Fed from cutting interest rates again at the December meeting.

Goldman Sachs analyst Lindsay Rosner said: Today's data eased concerns that the Fed's pace of rate cuts is about to slow. Fed Logan said: The Fed has made significant progress in reducing inflation and restoring economic balance. The Fed "is very likely" to need to cut interest rates further, but should "act with caution." Traders increased their bets on the Fed's December rate cut, with the probability of a rate cut rising from 60% before the data was released to 75%. All US CPI data for October were in line with expectations. US stock indexes opened higher, with the Nasdaq up 0.3% and the S&P 500 up 0.35%. BTC hit $93,000 upward, setting a new record high. Since the US election day, BTC has risen nearly 30% cumulatively. Investors bet on Trump's deregulation, accelerated regulatory transparency, strengthened institutional participation, improved market infrastructure, and a wider wave of mainstream adoption and cryptocurrency-friendly policies. Matrixport believes that given that Trump's inauguration will be held on January 20, 2025, the market has plenty of time to maintain this bullish momentum, and the year-end target of $100,000 milestone may be achieved ahead of schedule. The Fed continues to cut interest rates, and the Fed's monetary policy has already begun to loosen up; Trump will take office in two months, and Trump's fiscal policy will also loosen up. The overall situation of dollar loosening is difficult to change, and the big pie is very active. Referring to the history of "water flows from top to bottom", the copycats will also be active. The prospects are good, and the old man is still waiting. #BTC冲破9万