🔥November 8th Cryptocurrency Market Highlights
Today's market is witnessing a significant rise in altcoins, with overall market sentiment clearly heating up. Here are the key points I've compiled as a practical trader:
1️⃣ Altcoins are collectively surging, with FIL skyrocketing over 100% in 24 hours, attracting a flood of short-term capital;
2️⃣ 21Shares has officially submitted the spot XRP ETF 8(a) filing, which could become the next hotspot;
3️⃣ The Web3 infrastructure platform Commonware has completed a $25 million financing round, led by Tempo;
4️⃣ The number of Ethereum validators has surpassed 1.5 million ETH, with staking demand reaching a new high;
5️⃣ The fundraising scale of Strategy perpetual preferred stock STRE has increased from €350 million to €620 million, with institutions continuously adding positions;
6️⃣ Federal Reserve Governor Milan speaks out: If stablecoins are widely used, it may increase zero interest rate risk, which is a profound statement;
7️⃣ Trump's Media Technology Group made $15.3 million in Q3 from Bitcoin-related securities options premiums, as traditional capital steps in.
Mainstream coins are steadily rising while the altcoin market is heating up. Short-term capital is active in the market, with a bullish sentiment prevailing. In the next two days, pay close attention to BTC's breakout and the capital flow rhythm of ETH. This wave of market movement presents a great opportunity as long as you catch the rhythm!
—— Follow my strategy to see through the market's core dynamics.
