The global cryptocurrency market capitalization is $2.78T, Up +4.61% from the previous session.The total cryptocurrency market trading volume in the past 24 hours is $230.46B, Up +105.28% from the previous session.Bitcoin dominance currently stands at 57.99%, Up +0.43% from the previous session.
- The Meme sector rose, and DOGE, NEIROCTO, MOODENG, GOAT, MANEKI and others rose collectively. High-circulation, full-market-cap memes are the most preferred targets for market funds. As the leading meme coin in the 2021 bull market, DOGE performed well in this round of rise, and its price has doubled; GOAT, MOODENG and other new popular meme coins are Wintermute's market making, and the upward trend is good;
- The public chain sector rose collectively, and SUI, INJ and others rose sharply. SUI broke through 3 US dollars, setting a record high. SUI is the most watched new public chain project in this round; INJ is an old public chain project in the last bull market. There is no ecology on the chain, but the funds behind it have strong ability to pull the market; ETH soared to break through 3,200 US dollars. The market expects that the Trump administration will introduce more policies that are conducive to ETH after taking office, such as ETH ETF that supports pledge;
- Old DeFi projects ALPACA, YFI, etc. rose sharply. There was no substantial product update in the project. It is only because the small market value is more conducive to fund pulling. The market outlook remains to be observed;
Market trend
- BTC broke through 81,000 US dollars, setting a new record high. Benefiting from the Fed's interest rate cut cycle and the crypto-friendly Trump administration, BTC's market outlook is still optimistic enough;
- ETH broke through 3,200 US dollars, and ETH ETF inflows tens of millions of US dollars for three consecutive days. ETH ETF The sluggish trend of capital inflows has changed with Trump's election;
- Altcoins generally rose, meme coins rose sharply under the leadership of DOGE, and the new public chain project SUI also performed well, and the real altcoin season has arrived;
Macro News
Last Friday, the three major U.S. stock indexes closed higher, and the three major stock indexes rose by more than 4%. The results of the U.S. election have been settled, and the "Trump deal" has once again ignited the market, pushing the three major U.S. stock indexes to record highs. Tesla, energy, banking, transportation, cryptocurrency and other concept sectors have risen the most.
Fear and Greed Index
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- On November 11th, according to Coinglass data, the BTC futures on the CME platform increased by 5.72% in the past 24 hours without closing positions, now trading at 184,300 BTC (15.062 billion US dollars). The total open interest of unclosed positions on the entire network is currently about 604,700 BTC (49.478 billion US dollars), an increase of 24 hours.
- November 11
- On November 11th, according to CEX market information, ENS rose more than 6% in a short time, now priced at $20.8, with a 24-hour rise of 7.31%. BlockBeats previously reported that ENS Labs, the company behind Ethereum Name Service, is pushing forward with the launch of the L2 network Namechain plan. Namechain
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