🆕24h Crypto Market Overview: DOM Decreases and Altcoin Recovery
⏰Friday, November 29, 2024
♨️Overview:
Bitcoin recovered from the 90K zone to 96K and sideways in this zone, DOM decreased, creating an opportunity for Altcoin to recover. Most impressively, ETH maintained the 3k6 zone, helping the market expect to see ETH set an ATH soon. Cash flow from Bitcoin ETF funds showed signs of recovery after the first 2 days of the week witnessed outflows, cash flow from ETH ETF funds also partly reflected the current price of ETH, although it was still under great selling pressure from the ETH team.
On a macro level, the US economy is still stable when Q3 GDP is expected to be 2.8%, but PCE seems to be stagnant and has not continued to decrease to 2% as expected by the FED.
♨️ETF Updating (11/28/24):
💰Bitcoin ETF Spot: 🟢$0M
🔹Etherium ETF Spot: 🟢$0M
🎯Weekly Highlights:
▪️Friday: EU releases CPI, Chicago PMI
▪️Saturday: China factory PMI.
❇️Top Gainers/Decliners:
🟢$WLD 18% 🔴$UNI 5%
🟢$FET 14% 🔴$LDO 5%
🟢$ALGO 12% 🔴$FTM 5%
🆕Hot News:
- Stablecoin market hits $200B, surpassing $190B since Terra collapsed👉Bloomberg
- Coinbase will not support Celo's upcoming migration from L1 to L2 in Optimism's Superchain ecosystem.👉TheBlock
- Binance will delist GFT, IRIS, KEY, OAX, REN from 10/12/2024👉Binance
- Russia will have a tax law on crypto trading from 13-15%, recognizing crypto as property and exempting VAT on trading activities BTC Mining👉BitcoinNews
- Court Dismisses Charges Against Tornado Cash 👉CTFAsset