$ETH

1. FOMO sentiment returns to the cryptocurrency market

With Bitcoin reaching $91,000, people are waiting for the price to drop around Thanksgiving and Black Friday, and the demand for buying increases. This is because historical trends show that there will be a big rise after these holidays.

2. Political shifts in favor of the industry

The US presidential election is one of the biggest macroeconomic events that affect the cryptocurrency market. With Donald Trump turning into a crypto supporter, the entire market witnessed this bullish momentum, which led to the price of Bitcoin approaching $100,000. The same political influence also helped the market, and discussions on establishing a strategic Bitcoin reserve, replacing the chairman of the SEC Gary Gensler with a more pro-cryptocurrency leader, etc., all contributed to the bullish market.

3. Morocco and China lift cryptocurrency bans

Morocco and China are among the few countries that have banned cryptocurrencies in the past few years, which has affected the performance of the market. However, things are gradually looking up, and many Chinese companies have begun to adopt cryptocurrencies. One of the biggest examples is SOS's plan to invest $50 million in Bitcoin to strengthen itself to a great extent.

In addition, there have been some positive hints from the Chinese government, which could lead to a full lifting of the ban.

Elsewhere, news that Morocco lifted its ban on the cryptocurrency industry yesterday boosted the cryptocurrency market. The country’s government has banned cryptocurrency trading since 2017, but has now issued an announcement to legalize it.

4. BTC and ETH ETF inflows and new ETF filings

In just a few months, the ETF has established high demand, with trading volumes in the millions. The cryptocurrency market crash itself was the result of increased ETF outflows, but things have changed. Data shows that the BTC ETF received $103 million in inflows, of which 1,120 BTC were purchased.

Even the ETH ETF saw a significant increase in inflows, reaching $90.1 million, with about 27,080 ETH purchased.

Click on the avatar on the left to watch the live broadcast to receive the bull market password! ! !