US November inflation data in line with expectations, Bitcoin returns to $90,000

According to a report released on Wednesday, the Consumer Price Index (CPI) rose 0.2% in October, in line with expectations and the same as the increase in September. Year-on-year CPI rose 2.6%, slightly higher than 2.4% in September. The core CPI (excluding food and energy) rose 0.3%, in line with expectations, and the year-on-year increase was 3.3%.

After the release of these data, the price of Bitcoin rose to $89,500, up nearly 30% in the past week. The Fed's interest rate cuts and loose policies of Western central banks since September, as well as the pro-cryptocurrency background of Trump's election, have provided momentum for Bitcoin to rise.

CME FedWatch data shows that market expectations for the Federal Reserve to raise interest rates by 25 basis points in December have risen from 60% to 69%.

Bitcoin hits a record high, Trump's election boosts the market, and X Empire tokens surge 53%

Bitcoin hits a record high, partly due to Trump's election, which has boosted the entire cryptocurrency market. However, the X Empire token has seen the most dramatic gains over the past 24 hours, surging 53% to a current price of $0.000073. The token, minted on The Open Network (TON), hit $0.000096 late Wednesday, rebounding from its all-time low on November 3.

The X Empire token has become the second most traded token on TON, second only to Toncoin, with a 24-hour trading volume of $316 million, up 356%. The game, originally named "Musk Empire," pays tribute to Elon Musk and focuses on upgrading Musk and his corporate image, which has become a hot topic recently.

Other Musk-related tokens, such as Dogecoin, have also seen significant gains. DOGE has risen 73% in the past 30 days, partly stimulated by the news that Trump proposed to put Musk in charge of a new government department called "D.O.G.E."

Musk further raised the heat in the crypto market by claiming after the election that X (formerly Twitter) had achieved "record usage."

The bull market is usually divided into four stages: pessimism (market just started, no one sees hope), doubt (market rises, but there are still doubts), optimism (investors begin to get excited, market rises steadily), and excitement (market rises too fast, risks increase, bull market is coming to an end). The market is still in the early stages of the bull market, and corrections are normal, so there is no need to worry too much.

In a bull market, the real money-making window is usually within 1-3 months. It is crucial to adjust strategies according to different stages:

In the early stage of the bull market: there are many opportunities and a high tolerance rate, which is suitable for decisive actions and positions.

In the middle stage of the bull market: stay stable, reasonably control positions, and avoid being trapped.

In the late stage of the bull market: be alert to market risks, exit in time and lock in profits.

In general, seize all opportunities for callbacks and operate steadily, and there may be greater room for growth in the next few months.

That's all for today's article. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in the bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge. $ETH $BNB $DOGE #美国CPI公布后降息预期上升 #比特币搜索热度攀升 #BTC何时破9万？