The fundamental reason behind the current market rally is the significant inflow of funds into the cryptocurrency market.

Since Trump’s election victory, the issuance of stablecoins, which are a key source of liquidity for cryptocurrencies, has been increasing, fueling a broad market rally.

In particular, this increase in stablecoins was driven by the influx of funds through Bitcoin spot ETFs, showcasing a classic U.S.-centered uptrend.

This is why cryptocurrency investors need to closely monitor the U.S. stock market's movements.

The dynamics of the U.S. market are becoming a critical factor in shaping the direction of the cryptocurrency market. 🚀

#StablecoinDebate

You may have heard a lot about Dogecoin lately from people around you.
More and more people seem to be jumping on the Dogecoin wave with excitement.

Currently, Dogecoin is at a critical inflection point.
The potential outcomes are threefold: long-term sideways movement, upward trend, or downward trend.
However, given the current level of market interest, a long period of sideways movement seems unlikely.
It’s more probable that Dogecoin will either experience one more big wave of upward momentum or start to pull back and decline.

When retail investors all dive in, with hype reaching a peak, we often see a period of corrections or declines—although it might not happen immediately.

If you’re considering investing in Dogecoin, it’s essential to have a clear investment perspective and plan.
This market is highly volatile, so approaching it with caution and rationality is key! 🚀
#doge⚡

The news that Pepe Coin, a meme coin, will be listed on Upbit, Korea’s number one exchange, has sparked a price surge. 2024 is clearly solidifying itself as the year of meme coins. So, which meme coin might be listed next in Korea? If I were to make a cautious guess, I'd expect it to be Bonk Coin, which is based on Solana.
#PepeCoinToTheMoon

The recent upward trend in Bitcoin is largely due to a shift in sentiment following Trump’s election, with substantial inflows into spot ETFs driving the price surge.

When we observe that funds haven’t flowed significantly into altcoins, it suggests that the primary influx is centered more on institutional funds in spot ETFs rather than individual investors.

Looking at last week’s Bitcoin spot ETF inflows, it's evident that the level of open interest on the CME has increased significantly.

More than ever, the U.S. market sentiment has become a key factor for the crypto market overall.

#Bitcoin❗

Trump’s 8 Cryptocurrency Policy Pledges

1. Dismiss SEC Chair Gary Gensler on Day One of Presidency
2. Recognize Bitcoin as a Strategic Reserve Asset
3. Ban Government Sale of Bitcoin Holdings
4. Support the Bitcoin Mining Industry
5. Establish a Bitcoin Presidential Advisory Committee
6. Support Rights for Private Cryptocurrency Wallets
7. Prohibit the Issuance of a Central Bank Digital Currency (CBDC)
8. Grant Clemency to Ross Ulbricht, Founder of Silk Road

These pledges reflect Trump’s strong intent to protect and foster the growth of the cryptocurrency industry within the U.S., potentially boosting development across the sector.

#donaldtrump

Last Friday, the U.S. stock market closed higher across all three major indices, driven by the possibility that the Republican Party could take control of both the Senate and the House. This outlook has increased expectations for Trump’s pro-domestic business policies. For the week, the Nasdaq led the indices with the best performance, while U.S. long-term bond yields showed a decline over two trading days. In contrast, the 2-year yield, representing shorter-term bonds, rose to 4.252%.

Meanwhile, China’s economic stimulus measures have fallen short of market expectations, and the trade conflict with the U.S. is expected to intensify. This has weighed down stocks of companies tied closely to China. Among the M7 companies, only Tesla, associated with Elon Musk, who has good relations with Trump, showed gains, while other companies faced a subdued trading day.

Due to the disappointing Chinese stimulus, the dollar appreciated. However, oil prices, which often move in tandem with the dollar, failed to rise and instead closed lower. For now, the outlook for U.S. stocks appears positive.

However, I’m cautious about being overly optimistic. Between December and January — or perhaps February to March if there’s a delay — the U.S. stock market could face a challenging mid- to long-term trend. Therefore, it’s wise to approach with a clear investment perspective.

This week, key events include the release of the Consumer Price Index (CPI), Producer Price Index (PPI), retail sales figures, and a speech by Fed Chair Jerome Powell.

#S&P500

People often refer to the "human indicator," right?

It’s clear that after surpassing the previous high, individual investors have started to show renewed interest in the market. Typically, when individual investor interest reaches an extreme, corrections often follow.

However, I believe we’re still in the early stages, and it's not yet at the level where it would shift the entire cycle.
#Bitcoin❗

76k!📈🚀🚀
#btc76k

Following Trump’s victory, 261 pro-crypto representatives and 116 anti-crypto representatives make up the U.S. House, showing a strong majority of crypto-supportive politicians. In the Senate, there are 17 pro-crypto senators and 12 who are not in favor.

This shift has sparked optimism among cryptocurrency investors, who see the growing pro-crypto stance in Congress as a potential boost for favorable regulations or crypto-related legislation. This political support could pave the way for regulatory relief, creating a positive outlook for investors.

#CryptoNewss

Bitcoin rebounded yesterday from a point where a significant pullback could have happened, thus continuing its positive trend. After the recent U.S. election, market movements in the U.S. have become more active, and the cryptocurrency market is showing strong price action during U.S. liquidity hours.

Yesterday, we saw a classic rotational market. Bitcoin maintained its price without pressure, and funds flowed into altcoins, allowing some lesser-known altcoins to gain attention. Bitcoin is still battling resistance, but as long as it does not drop sharply below 73K, next week's outlook appears promising.

The key short-term point is whether Bitcoin can rebound above 73K, even if there’s slight downward pressure. If it moves upward, remember there’s strong resistance in the 80–82K range, as mentioned before.

Meanwhile, the U.S. stock market seems to be settling into an upward direction, but Bitcoin’s movement is still slightly indecisive. We’ll need to watch closely to see if Bitcoin can sustain its rally through today’s session and into the weekend.

#bitcoin☀️

The U.S. presidential election has finally concluded, with Donald Trump being elected as the 47th president. Elon Musk, who has openly supported Trump, is seeing a surge in the stock prices of his companies, as well as in Dogecoin. This could be just the beginning for this market.

Given Musk's public support of Trump on platforms like Twitter and in interviews, assets connected to Musk—such as his company stocks and Dogecoin—are seeing significant growth. People are expecting that Trump’s presidency will bring more business-friendly policies, potentially benefiting companies like Tesla and SpaceX led by Musk. Meanwhile, the crypto market is also feeling optimistic about potential regulatory relaxation and market growth.

This early-stage momentum suggests the market is positioned for exciting developments. It will be interesting to see how Trump’s policies and Musk’s influence combine to shape both the crypto and traditional financial markets moving forward.

#donaldtrump

Bitcoin has finally touched its previous all-time high! 🎉 Investors are now watching closely to see if this uptrend will continue or if a correction might follow. Breaking through the previous high is often seen as a positive signal in the market, and if this level holds as support, there’s potential for further gains. However, given the volatility of the market, a cautious approach is essential. It’s definitely a moment to keep a close eye on the next moves!
#Bitcoin❗

The election started a day ago, and while Trump currently holds the lead, the final results have not yet been determined. In this situation, the outcome in the swing states will be critical.

Swing states are those where the electoral votes could swing either way, and they have the power to significantly impact the overall election result. Winning these states often brings a candidate much closer to victory.

Although Trump is currently leading, a shift in the voting results from the swing states could change the direction of the race. The count in these states can be delayed for various reasons, such as a high volume of mail-in and absentee ballots, which takes longer to process. As a result, vote totals may change as counting progresses, making the final outcome difficult to predict.

In summary, the results in swing states are expected to come in over the next few days, and these results will determine whether Trump’s lead holds or if the opposing candidate manages to pull off a comeback.

#DonaldJTrump #KamalaHarrisn

As Republican presidential candidate Donald Trump and Democratic presidential candidate Vice President Kamala Harris are in a neck-and-neck race within the margin of error, the stock market is eager to find beneficiaries by comparing the policies of the two candidate.
#donaldtrump #KamalaHarrisn

The inflow of funds into U.S. Bitcoin spot ETFs, largely driven by the current economic and market conditions, is now holding the key to the crypto market. Analysts are forecasting a steady flow of ETF investment as long as Bitcoin maintains the critical 61K level. It’s worth noting that if Bitcoin drops below 61K, it could signal a break in the upward trend established from the bottom, making this a crucial price point to watch.

Warren Buffett’s Berkshire Hathaway reduced its stock holdings and increased its cash reserves in the third quarter. The cash holdings of Berkshire have now reached an all-time high.

Of course, our investments cannot be exactly the same as Buffett’s. The scale of funds and the investment environment are quite different. However, the insight we can gain is that Buffett considers the current U.S. stock market to be overvalued or unstable.

In the short term, Buffett’s perspective may seem incorrect for a few months, but considering that his long-term assessments of the risk asset market have rarely been wrong, we should take these insights into account as we approach our own investments.

When you ask if the current U.S. stock market is a good environment to invest in in the medium to long term, my answer is no.

Currently, the market capitalization of the S&P 500 accounts for 50% of the world's GDP.

50% of all production activities produced in the world in a year are concentrated in the U.S. stock market.

There are a lot of variables here, and there may be more upside, but it's clear that it's not a good environment to invest in.

The net profit rate of S&P500 companies continue to maintain 12 percent in the third quarter.

However, the stock price and current stock prices are differences.

It can be seen that the rise in stock market due to fund cement, but it can be seen that the index of the stock market is rising in the stock market.

Test transfers from Mt. Gox have been confirmed, but there hasn't been any significant movement yet.

The U.S. Government has split the $2B Bitcoin into two addresses:

10,000 BTC ($669.35M): bc1qlap8hkt9genaljz5nt2zlehhudx63zlahr2zek
19,800 BTC ($1.33B): bc1qngydl7hmgdtmuqjmtsyj3pcwszv0yn5mj6kz4c

We believe this represents a 10,000 BTC deposit to an institutional custody/service.