Mercato Oggi

• GOAT surged 40% in 24 hours and is now priced at $0.68, with a market value of $600 million. GOAT began to recover after the decline at the beginning of the month. As the leading token of AI+meme concept, GOAT is worth looking forward to in the future;
• Doge, People, Mask and other Musk-related tokens rose sharply, and market funds bet on Trump's election in advance. Musk, one of Trump's biggest supporters, announced that he would launch D.O.G.E (Department of Government Efficiency) after Trump's election, and related concept tokens were hotly speculated; DOGE, as the old animal meme leader, has a market value of more than 26 billion US dollars and currently ranks 8th in market value;
• Meme sector BILLY, PEPE, WIF, MICHI and other tokens generally rose. The meme sector has a low market value and is fully circulated. Compared with VC coins with low circulation and high market value, meme coins are more favored by market funds;

Market trend

• BTC briefly broke through 75,000 US dollars, setting a new record high, BTC ETF Positive capital inflows have not been restored. The current rise may only be caused by the market's early bet on Trump's election. A clearer market situation needs to wait for the Fed's interest rate decision on Friday; ETH rose slightly, but did not receive obvious favor from funds. The selling pressure from Grayscale ETHE will take several months to digest; Altcoins generally rose, the meme sector performed strongly as a whole, and the AI sector also had a collective upward trend;

Macro News

U.S. stocks rose, and the 2-year U.S. Treasury yield, which is most sensitive to the Fed's policy rate, rose slightly, temporarily reporting 4.23%. The final results of the U.S. election will be announced at noon today, and Trump is currently leading in votes.