Today (November 20, 2024), the Crypto market continues to witness noteworthy fluctuations as Bitcoin (BTC) reaches a new all-time high (ATH) at 94,000 USD. BTC is currently trading around 91,800 USD, up nearly 1% over the past 24 hours. According to data from CoinGecko, BTC's market capitalization is approximately 1.81 trillion USD, with a 24-hour trading volume exceeding 86 billion USD.
Major events on November 20
Bitcoin (BTC): US Spot BTC ETF attracts strong inflows
ETF inflows: US Spot BTC ETFs recorded net inflows of over 600 million USD in the trading session on November 19, particularly from Fidelity's FBTC fund (256.1 million USD) and ARK Invest's ARKB (267.3 million USD).
New product from NASDAQ: The NASDAQ exchange has officially listed the Spot BTC ETF product coded IBIT from BlackRock, achieving nearly 1.9 billion USD in trading volume on its first day.
Ethereum (ETH): Decline in ETF inflows
In contrast to BTC, ETH ETFs in the United States saw net outflows of 67.1 million USD on November 19, primarily from Fidelity's FETH fund with 46.7 million USD.
Highlights of other coins
Magic Eden (ME)
Tokenomics and Airdrop: The leading NFT platform on the Solana network, Magic Eden, has announced its Tokenomics and is preparing to conduct an Airdrop.
Derivatives Trading: Coinbase International has announced that trading for the $ME-PERP contract will commence at 20:00 on November 20 (Vietnam time).
Tether (USDT)
Minted an additional 1 billion USD: Tether Treasury has created an additional 1 billion USD USDT, supporting liquidity and maintaining the stability of this leading stablecoin.
Astar Network (ASTR)
Astar Evolution 1.5: The newly launched version features full interoperability with Soneium, expanding the ecosystem to Superchain and Ethereum.
dYdX (DYDX)
Unlimited Upgrade: The dYdX platform introduces the Unlimited version, integrating new features like Instant Market Listings and MegaVault.
Lido Finance (LDO)
Project Y: Lido Finance is preparing to launch Y, a blockchain platform competing directly with Worldcoin (WLD).
Noble
Raised 15 million USD: The Noble stablecoin issuance platform received investments from Paradigm and Polychain Capital, affirming its growth potential in the Cosmos ecosystem.
Bitfinity
Mainnet launch: Bitcoin Layer 2 project Bitfinity officially launched its mainnet after raising 12 million USD.
Side information
Donald Trump and Bitcoin: President-elect Donald Trump has appointed Howard Lutnick (former CEO of Cantor Fitzgerald) as Secretary of Commerce. Lutnick currently owns hundreds of millions of USD in Bitcoin, reflecting the new government's support for cryptocurrency.
Conclusion
Strong divergence in the Crypto market today continues to highlight Bitcoin's role in leading the overall trend. With a new ATH, strong inflows into ETFs, and the emergence of potential projects like Magic Eden and Bitfinity, the market promises to remain in the spotlight in the coming days.
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