Daily News | BTC Exceeded $81,000, Continuing to Set a New Historical High, DOGE Led Meme Coins to Collective Rise

Crypto Daily Digest: APT will welcome large unlocking today, SOL may set a new historical high by the end of the year

According to Farside Investor data, US Bitcoin spot ETFs experienced a net inflow of $293 million last Friday, including $206 million from BlackRock IBIT and $33.5 million from Fidelity FBTC.

Last Friday, the US Ethereum spot ETFs saw an inflow of $85.9 million, achieving a large net inflow for three consecutive days. BlackRock ETHA inflow was $59.8 million, and Fidelity FETH inflow was $18.4 million.

The cumulative net inflow of US Bitcoin spot ETFs exceeded $25.8 billion, continuing to reach a historic high

According to Farside Investors’ monitoring, the cumulative net inflow of US Bitcoin spot ETFs since their launch reached a new historical high of $25.857 billion. BlackRock IBIT accumulated a net inflow of $27.387 billion; The cumulative net inflow of Fidelity FBTC was $10.761 billion; The cumulative net outflow of grayscale GBTC was $20.141 billion.

Standard Chartered Bank analyst: SOL is expected to reach a new high by the end of the year, while ETH may reach a new high when Trump takes office in January next year

According to The Block, Standard Chartered Bank analyst Geoff Kendrick reiterated in a report released on Sunday that he expects the price of Bitcoin to continue rising until the end of the year and “easily reach” $100,000 before Bitcoin options expire on December 27. If the price of Bitcoin cannot reach $125,000 by December 31, it is believed that it will reach it when Trump takes office on January 20.

Kendrick added that given the recent gains in Ethereum and Solana, the rise in Bitcoin prices may “bring about a general rally effect,” and it seems inevitable that SOL will reach a historic high by the end of this year ($260 in November 2021). ETH hitting a historic high ($4,866 in November 2021) may not be realized until Trump’s inauguration ceremony. Overall, it believes that all tokens will rise.

This week’s unlocking data list: APT, AVAX, ARB, and other tokens will receive large unlocking amounts

According to data from Tokenomist.ai, APT, AVAX, ARB, and other tokens will receive significant unlocking next week, with a total unlocking value of approximately $573 million. Among them:

· Aptos (APT) will unlock approximately 11.31 million tokens at 14:00 Beijing time on November 11, with a ratio of 2.17% to the current flow and a value of approximately $126 million;

· Starknet (STRK) will unlock approximately 64 million tokens at 8:00 am Beijing time on November 15, with a ratio of 3.05% to the current flow and a value of approximately $29.85 million;

· Nervos Network (CKB) will unlock approximately 1.34 billion tokens at 8:00 am Beijing time on November 16, with a ratio of 2.99% to the current flow and a value of approximately $19.81 million;

· Arbitrarum (ARB) will unlock approximately 92.65 million tokens at 21:00 Beijing time on November 16, with a ratio of 2.33% to the current flow and a value of approximately $58.82 million;

· Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8:00 a.m. Beijing time on November 18. These tokens have a ratio of 0.41% to the current flow and a value of approximately $53.92 million.

Market Trends: DOGE-led meme coins to general rise, true Altcoin season is coming

The Meme sector rose, with DOGE, NEIROCTO, MOODENG, GOAT, MANEKI, and other companies collectively experiencing significant gains. The high circulation city-wide value meme is the most preferred target for market funds, and DOGE, as the leading meme coin in the 2021 bull market, has performed well in this round of rise, with its price doubling; New popular meme coins such as GOAT and MOODENG are being made by Wintermute in the market, with a good upward trend;

The public chain sector collectively rose, with SUI, INR, and other stocks experiencing significant gains. SUI surpassed $3, setting a new historical high. SUI is the most closely-watched new public chain project in this round; INR is a well-established public chain project from the previous bull market, with little eco on the chain but a strong ability to attract funds from behind; ETH surged above $3,200, and the market expects that the Trump administration will introduce more favorable policies for ETH after taking office, such as ETH ETFs that support staking;

The well-established DeFi projects, such as ALPACA and YFI, increased significantly, but there were no substantial product updates for these projects. This is because the small market cap is more conducive to attracting funds, and the future market remains to be observed.

Mainstream Coins

BTC broke through $81,000, continuing to set a new historical high, benefiting from the Federal Reserve’s interest rate cut cycle and the Trump administration’s pro-crypto stance. The future of BTC remains optimistic enough;

ETH surpassed $3,200, and ETH ETF saw tens of millions of dollars in inflows for three consecutive days. The decline in ETH ETF fund inflows changed with Trump’s election;

Altcoins generally rose, and meme coins have surged under DOGE’s leadership. The new public chain project SUI has also performed well, and the real Altcoin season has arrived.

Macro news: Three major stock indexes close higher, “Trump trade” boosts US stock performance

The three major US stock indices collectively closed higher, with the S&P 500 index rising 0.38% to 5,995.54 points; The Dow Jones Industrial Average rose 0.59% to 43,988.99 points; The Nasdaq index rose 0.09% to 19,286.78 points. Last week, the Dow Jones Index rose 4.61% in a week, the Nasdaq Index rose 5.74% in a week, and the S&P 500 Index rose 4.66% in a week.

With the dust falling from last week’s US election, investor sentiment was released, and the US stock market accelerated its upward trend. The three major indexes achieved their best weekly performance in a year, reaching historical highs. As the biggest beneficiary of this election, Tesla’s market value has returned to trillions of dollars, and Musk’s net worth has risen to over $300 billion.

Considering the recent discussions surrounding the possibility of the Federal Reserve slowing down the pace of interest rate cuts in 2025, Wednesday’s CPI data, Thursday’s PPI, and Friday’s retail sales data will be closely monitored. After the Federal Reserve announced a 25 basis point interest rate cut this week, there were no expectations for the December policy meeting. It is worth mentioning that Musk expressed support for the idea of allowing the President (Trump) to intervene in Federal Reserve policies.