Bitcoin experienced a nearly 3% spike to $35,500 due to a short squeeze, while solana led the gains in altcoins. The cryptocurrency market cap reached its highest level since May 2022, totaling $1.3 trillion. K33 analyst recommends aggressively accumulating bitcoin in November. Altcoins such as Solana, Toncoin, and Crypto.com's Cronos ecosystem token gained 5%-10%, while Binance's BNB, Ripple's XRP, Cardano's ADA, and Dogecoin (DOGE) retreated 3%-4%. The CoinDesk Market Index (CMI) increased by 1%. The total cryptocurrency market capitalization reached $1.31 trillion, supported by increasing risk-on sentiment on traditional markets. K33 Research noted that capital rotation into altcoins is creating a "mini altcoin season," while accelerating inflows into bitcoin-related funds provide support for BTC's price.
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Bitcoin Spikes Nearly 3% in Short Squeeze, Widening Crypto Rally Lifts Market Cap to $1.3T
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The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%
the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%. -
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the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back. -
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Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH. -
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Bitwise Bitcoin ETF's holdings exceed $4 billion
Bitwise's official data update shows that as of November 20th, the BITB Bitcoin exchange-traded fund's position has reached 42,451.73 BTC, with a market value exceeding 4 billion USD, currently reaching 4,003,716,971.36 USD. -
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market shows BTC has broken through $98,000 and is now trading at $98,001, with a 24-hour increase of 5.09%. The market is highly volatile, so please be cautious and control your risks. -
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the market shows BTC has broken through $95,000 and is now trading at $95,049.99, with a 24-hour increase of 3.75%. Market fluctuations are significant, so please be prepared for risk control. -
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