Announcements Gate Research: Altcoins Rally Over the Weekend; First Spot Bitcoin ETF Options Set to Launch

Gate Research: Altcoins Rally Over the Weekend; First Spot Bitcoin ETF Options Set to Launch

2024-11-25 09:54:25 UTC 20842 Read

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**Gate Research Daily Report (November 25 ): **BTC and ETH prices fluctuate at high levels, trading at $97,900 and $3,361, respectively. Altcoins, particularly in the metaverse and gaming sectors, performed strongly over the weekend. The Fear & Greed Index remains in the "Extreme Greed" zone.

Solana's DEX daily trading volume surpassed $6 billion, capturing a 45% market share. The CBOE is set to launch the first spot Bitcoin ETF index options on December 2. Moreover, last Friday saw significant institutional inflows, with Bitcoin spot ETFs recording $490 million in net inflows and Ethereum spot ETFs attracting $91.21 million. This highlights robust institutional interest. Investors are advised to remain cautious of market volatility and changes in regulatory policies.

Market Analysis: BTC and ETH prices remain in a high-level consolidation phase, currently trading at $97,900 and $3,361, respectively.
Top Performers: Altcoins, particularly in the Metaverse and gaming sectors, performed exceptionally well, with liquidation volumes reaching $988.6 billion, surpassing BTC’s $8.011 billion.
Data Highlights: Solana’s daily DEX transaction volume exceeded $6 billion, accounting for 45% of the market share.
Spotlight Analysis: Hong Kong's ZA Bank has become the first bank in Asia to offer cryptocurrency trading services to retail users.
Market Opportunities: Three projects have announced funding rounds, with the highest amount reaching $4 million. The funding involves Lightning Network, DeFi, and prediction market sectors.

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Gate.io Team
Nov 25th, 2024

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