📈Daily Market Review📉
🔸 Market Overview
Following Trump’s victory, Bitcoin reached $76,000, driving the total cryptocurrency market cap to $2.624 trillion (+7.1% over 24 hours). Both BTC and ETH ETFs saw significant inflows, with $691M for BTC and $52M for ETH.
🔸 Daily Macro
🔹 Bitcoin Market Performance: BTC hit $76K amid a 7.1% increase in total crypto market cap.
🔹 ETF Activity:
💠 ↦ BTC ETFs: $691M net inflow
💠 ↦ ETH ETFs: $52M net inflow
🔹 Macroeconomic Data: Analysts warn that potential inflation from Trump’s tariffs and immigration policies could challenge the Fed’s rate cuts.
🔸 Daily Focus
🔹 Avalanche (AVAX): The Avalanche Foundation’s $52M buyback, severing Terra ties, aims to boost AVAX liquidity and market confidence. AVAX is up 6.35% in the last 24 hours.
🔹 Federal Reserve: Trump’s policies may drive inflation, possibly prompting the Fed to adjust its rate cuts. If inflation rises, investors may increasingly turn to crypto as an inflation hedge.
🚀 CoinEx Lists $47
✅ Trading Pair: #47/$USDT
✅ Deposit & Withdrawal: Nov 6 at 8 AM UTC
✅ Trading: Nov 6 at 8:40 UTC
✅ Service support: AMM, Spot Grid, & Auto-Invest
📈 Crypto Prices on Fire! Share Your Insights and Win from a $200 Prize Pool! 🚀
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Listening to our community, we've reduced the minimum transaction requirement to 5K USDT for the tradeboard! 🥳
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🎁 $FBCAT(CAT) PROTOCOLCAT NFT Giveaway! 🎁
To celebrate the listing of $FBCAT(CAT) on CoinEx, we’re giving away 2 PROTOCOLCAT NFTs! 🎉
🎯 How to Enter:
✅ Join the CoinEx Announcement Channel & Community
✅ Tweet about the giveaway
✅ Submit your FB Mainnet wallet address
💥 Hurry! Giveaway ends on November 12th!
👇 Enter now:
https://forms.gle/xNVLGJfqaNcWXyA86
📈Daily Market Review📉
🔸 Market Overview:
Bitcoin surged to a record $75K (+7.3%) after Trump’s election win, boosting optimism for economic policies that favor crypto. DOGE also jumped by 10%, spurred by Elon Musk’s backing, positioning it as the “people’s cryptocurrency” for the season. Meanwhile, $PYTH gained 11% following VanEck’s launch of a new ETN, broadening crypto exposure for European investors.
🔸 Daily Macro
🔹 Bitcoin Market: BTC reached an ATH of $75K, up 7.3% on election-related optimism.
🔹 ETF Activity:
💠 ↦ BTC ETFs: $116M net outflow
💠 ↦ ETH ETFs: No inflows
🔹 Macroeconomic Data: Goldman Sachs expects multiple rate cuts this year and next.
🔸 Daily Focus
🔹 $BTC: Driven by hopes for favorable policies under Trump, BTC’s rally may continue, but volatility risks remain high.
🔹 $DOGE: Musk’s support fuels retail interest; short-term gains likely, though price swings may be high.
🔹 $PYTH: ETN listing in Europe may attract new investors, signaling increased mainstream adoption.
🚀 CoinEx Treasure Quest: Round.1 (Vol.5) Starts Now! 🚀
We’re thrilled to kick off Round.1 (Vol.5) of our CoinEx Treasure Quest campaign! 🎉
💬 How to Participate:
↦ Find the secret code in the image (Hint: The secret code is the name of one of the tokens listed on CoinEx.).
↦ Share the secret code on our Discord server to receive your lucky number for this round!
🎁 Prize Pool: $200 (For each Vol)
🕰 Time : 11/05 - 11/07/2024
The hunt is on! Don’t miss out—participate now and increase your chances of winning big! 🌟
Join our Discord here: https://discord.gg/wRXnsZ4y
Stay tuned for more updates and let the games begin! 🎮
📢 CoinEx Lists $FBCAT
✅ Trading Pair: FBCAT/USDT
✅ Deposit & Withdrawal: Nov 5 at 8 AM UTC
✅ Trading: Nov 5 at 9:30 UTC
✅ Service support: AMM, Spot Grid, & Auto-Invest
📈Daily Market Review📉
🔸 Daily Macro Update
🔹 Bitcoin Market: BTC dropped below $68K, with dominance above 60%, as altcoins face low interest and minimal speculative activity.
🔹 Bitcoin Dominance: Surpassed 60%, marking a cycle high as capital flows into BTC. Major altcoins like ETH and SOL are down 12% from recent peaks, reflecting cautious sentiment ahead of the U.S. election.
🔹 ETF Activity:
💠 ↦ Bitcoin ETF: Net outflow of $579M (Nov 5)
💠 ↦ Ethereum ETF: Net outflow of $74.2M (Nov 5)
🔹 Macroeconomic Data: Low short-term volatility as markets await election results.
🔸 Daily Focus
🔹 Mt. Gox: 32,371 BTC ($2.19B) transferred from a Mt. Gox wallet, raising concerns over potential sell-offs and pushing BTC below $67K.
🔹 U.S. Presidential Election: Harris leads with 226 electoral votes to Trump’s 219. Swing states like Arizona and Nevada are key; Harris unexpectedly secured Iowa. Results are expected Nov 6 (Beijing time).
CoinEx Will List SPXUSDT Linear Contract
https://announcement.coinex.com/hc/en-us/articles/31853038296852-CoinEx-Will-List-SPXUSDT-Linear-Contract