BTC falls below the $85,000 mark: Market data shows that BTC is currently priced at $84,982.36, with a 24-hour decline of 2.55%, short-term volatility intensifying, and market risks increasing.
Bitwise CIO provides key BTC support and retracement targets: Matt Hougan pointed out that $84,000 (the low point of the March retracement) is an important line of defense recently. If the entire increase from October is surrendered, it may dip to the $70,000 range. He emphasized the short-term panic and long-term confidence divergence in the market, with institutions like Harvard's endowment fund tentatively building positions.
Retail miners create a miracle with a 1 in 180 million chance of mining a block: A miner using Solo CKpool, with a hash rate of only 6 TH/s, unexpectedly mined a block and received a reward of $265,000, marking CKpool's first block mined in nearly three months.
MSTR associated executive sells off significant shares: Strategy Executive Vice President Shao Weiming sold 58,004 shares of MSTR stock within 10 days at an average price of $222, totaling $13 million in cash-out, with the reason for the sell-off not disclosed (as executives' sell-offs are often related to personal funding needs).
Europe is set to welcome its first 3x crypto leverage ETF: London-based ETF issuer LeverageShares will list four products on the Swiss SIX exchange next week, covering 3x long/short Bitcoin and Ethereum, further enriching the European crypto derivatives market.
The Trump family's associated cryptocurrency project partner is under investigation by the SEC: WLFI Reserve Company ALT5 Sigma is accused of violating disclosure regulations, with its CEO actually suspended on September 4 but not disclosed until October 16. Additionally, the company purchased $1.5 billion in WLFI tokens, with over $500 million flowing to Trump-associated entities.
The UK has made significant progress in combating sanctions evasion from Russia: The 'Operation Destabilise' has arrested a total of 128 people and seized $32.6 million in cryptocurrency and cash, with 45 additional arrests and $6.6 million in confiscated funds compared to last December.
The Federal Reserve faces a voting deadlock on interest rate cuts in December, with Cook as the key vote: Of the 12 voting members, 6, including Powell, are inclined to cut rates, while 4 regional Fed presidents hold reservations. Biden-appointed Cook becomes the seventh key vote. The Supreme Court will hear a case in January on whether Trump can fire Cook, adding dramatic background.
The European Central Bank warns of market correction risks: Governing Council member Pereira stated that a significant correction in financial markets and crypto assets is the primary risk to short-term financial stability, emphasizing that the current monetary policy is appropriate and that there needs to be a buffer for crisis response.
The U.S. economy shows multiple pressure signals: The white-collar unemployment rate has reached a historic high, with college graduates making up 25% of the unemployed; the University of Michigan's consumer confidence index for November dropped to 51, one of the lowest in history, with consumers extremely pessimistic about their financial situation and job security.
Goldman Sachs warns of capitulation in U.S. stocks: Partner Tony Pasquarello pointed out that there are signs of capitulation in U.S. stocks, despite Nvidia's performance exceeding expectations. Investors are skeptical about the sustainability of cloud service providers' capital expenditures during the AI cycle, and further selling pressure is expected.
Spot gold rises as the preferred safe haven: Driven by market turbulence and risk aversion, spot gold has returned above $4100 per ounce.
Disclaimer: The content of this article is for reference only and does not constitute any investment advice. Investors should consider their own risk tolerance and investment goals, rationally view cryptocurrency investments, and avoid blindly following trends.
