🆕24h crypto market overview:

⏰Monday, November 18, 2024

♨️Overview:

Bitcoin sideways with lower amplitude in the weekend trading session but the whole market is almost in a slight downtrend. However, zooming out to the 7-day frame, we can see the strong recovery trend of the top coins. $SOL maintains #PennsylvaniaBitcoinReserve #USUALonLaunchpool&Pre-Market position 4 MC pushes $BNB to 5th position but may continue to be threatened by $XRP when XRP increases 81% in the past 7 days. Other L1s such as ADA, SUI, NEAR also have

strong recovery. Bitcoin ETF funds in the last 2 trading sessions of the week had an outflow of more than $700M, which also partly reflects the adjustment of Bitcoin from 93K to 89K as it is now.

On a macro level, this week did not have much big news that could impact the market.

♨️ETF Updating (11/15/24):

💰Bitcoin ETF Spot: 🔴$370M 

🔹Etherium ETF Spot: 🔴$59.8M

🎯Weekly Highlights:

▪️SEC approves 7RCC spot Bitcoin and Carbon Credit Futures ETF

▪️SEC delays CBOE options on spot Ethereum ETF

▪️Total crypto market cap surpasses $3 trillion

❇️Top Gainers/Decliners:

🟢$OM   58%     🔴$FLR  140%

🟢$RAY  24%     🔴$SAND  10%

🟢$BONK  13%     🔴$QNT  110%

🆕Hot News:

- BONK meme proposes token burn to help price jumps over 15%👉Coindesk

- Pennsylvania House of Representatives introduces legislation allowing the state to hold Bitcoin as a reserve asset👉Eleanor Terrett

- Usual's 61st Launchpool is on its last day. Pre-market listing at 5pm tomorrow👉Binance

- MicroStrategy has $4.25B in debt, $43B in stock, and $17B in bitcoin holdings👉Bitmex