Market Today

• Meme sector’s old popular currencies such as PEPE, POPCAT, MOG, and WIF surged. PEPE was listed on the Korean exchange, and its market value once exceeded 10 billion U.S. dollars; POPCAT broke through 1.85 U.S. dollars to create a new historical high, and is currently the cat-type meme coin with the highest market value;
• PNUT, MOODENG and other new popular meme coins also surged, and PNUT rose 400% within the day. PNUT was called a symbol of saving the United States by Musk, and PNUT was mentioned many times on his Twitter, causing its market value to surge 5 times in one day to reach 2.5 billion U.S. dollars; MOODENG is a Thai Internet celebrity hippo meme, with a 24-hour increase of 15%, and the current circulating market value is 320 million U.S. dollars;

Market trend

• BTC broke through 93,000 U.S. dollars to create a new historical high, and is currently adjusting around 89,500 U.S. dollars. BTC ETF continues to have a large net inflow, and BTC is still expected to have a bright future;
• ETH It is still consolidating around $3,200. ETH ETF has begun to receive large inflows, and the decline in funds is about to be reversed;
• VC coins among altcoins generally pulled back, and only popular coins in the meme sector rose strongly, with PNUT leading the market with a 400% increase in the day;

Macro News

The three major U.S. stock indexes rose and fell, and the probability of a rate cut by the Federal Reserve rose to 82.5%. After the U.S. October CPI report met expectations and inflationary pressures were generally relieved, Citigroup economists still believe that the Federal Reserve will cut interest rates by 50 basis points in December.