1. Market Watch
Key words: BTC, Starknet, DOGE
Bitcoin has continued to show market resilience recently, soaring 5. [] 05% to $96,286, ignoring doubts about its overvaluation. Analysts expect bitcoin to peak at $146,000, driven by continued institutional demand. Several institutions have shown strong interest in bitcoin: MARA increased its holdings, Vancouver Mayor Ken Sim proposed using bitcoin as a reserve asset, and Chinese company SOS Limited announced a $50 million investment in bitcoin, highlighting bitcoin's growing strategic position.
Bitcoin price approaches the $100,000 mark, and market sentiment is generally positive. A 45% chance of bitcoin breaking six figures by the end of the year, up significantly from 34% a week ago. Other major cryptocurrencies are also on the rise, with Ethereum hitting a new five-month high and Dogecoin (DOGE) also recording gains.
Still, there is caution, with some experts warning bitcoin could face a 30% pullback. But analyst Rekt Capital has a different view that the price correction may actually be conducive to maintaining the bull market. At present, despite the short-term price volatility, the market retains strong confidence in the psychological mark of $100,000.
The cryptocurrency market has also seen the diversification of its investment strategies, such as Rumble's plans to allocate its $20 million in excess cash reserves to Bitcoin. Another important development is that the Ethereum L2 project Starknet has launched the first phase of the pledge program on the main network, marking an important milestone in the decentralization process. Overall, Bitcoin shows a strong recovery, with investors preferring to buy aggressively on a price pullback, but trading above $100,000 resistance remains challenging.
2. Key data (as of 10:00 HKT, 29 November)
S & P 500:5,998. 74 points (within the year + 25. 76%)
NASDAQ: 19,060. 48 points (within the year + 26.97%)
10-year Treasury yield: 4. 245% (within the year + 36. 71 basis points)
Dollar Index: 106. 494 (within the year + 4. 89%)
Bitcoin: $95,568. $63 (+ 126. 12% for the year), with a daily spot trading volume of $5.11. $1 billion
Ethereum: $3,557. $29 (+ 55. 92% for the year), with a daily spot trading volume of $3.12.$8 billion
3. ETF Flow Flow (EST, 28 November)
Bitcoin ETF: a net outflow of $0
Ethereum ETF: net outflow of $0
4. Important day (9:30 PM on November 27th)
Core PCE price index month-on-month: actual 0. 3% / last 0. 3% / expected 0. 3%
GDP growth rate: actual 2. 8% / previous value 3. 0% / expected 2. 8%
Personal income: actual 0. 6% / previous value 0. 3% / expected 0. 3%
Personal expenditure: actual 0. 4% / previous value 0. 6% / expected 0. 3%
5. Hot news
U. S. spot bitcoin ETFs saw net flows of $6.2 billion so far in November, a record monthly high
Virtuals Protocol Ecological tokens rose, many tokens rose more than 100%
Sol Sniper Launched the first Meme coin trading robot on the X platform, SniperX
Spectral: unfair squatting is found during the deployment of the first proxy token SPECTR, remedial measures have been taken
Stacks Announced the sBTC deployment plan, and it is expected to open the deposit function on December 16
Pump. fun sold 6. 50,000 SOLs again for more than $200 million
Slow fog founder: DEXX attacker has converted some assets for SOL, and the EVM address has a abnormal test
Modular L1 Network U2U Network completed $13.8 million in financing
Bluefin Launch an air drop qualification query portal to air drop 17% of BLUE tokens
Japan's new prime minister has reorganized its Web3 and crypto-policy divisions
Binance Labs Announced an investment in Astherus to help DeFi users achieve a high return on assets
Binance: BNSOL super pledge will be the first phase of project Pyth Network (PYTH)
Hyperliquid The creation of the native token HYPE will be held on November 29
Scroll Lianchuang responded to the question: it will improve the project design problem, and the team is making structural adjustment
Telegram Founder: MAJOR, donated 1% by Major founders, will not be sold for the next 10 years
VanEck CEO: The U. S. policy shift has brought strong momentum to the crypto market, with bitcoin forecast at $400,000
Robinhood Launch the Ethereum pledge service for European users