📰 Blockchain Morning Report - November 11, 2024 📷 Exclusive insights into the latest developments in the crypto space, not to be missed!
1. Market Trends 🧐
🎯 Bitcoin (BTC): Bitcoin reached a new high of $77,199, and the US spot Bitcoin ETF set a record for daily inflows at $1.4 billion. BlackRock's IBIT fund hit a new high in pre-market trading and surpassed the size of the gold ETF, indicating strong market demand. 💥 Bitcoin
💫 Ethereum (ETH): Ethereum's market capitalization has surpassed that of Bank of America, making it the 35th asset ranked by global asset market cap. However, approval for Ethereum ETF options is still pending, and the SEC has delayed its decision. 🌟 Ethereum #ETH #MarketCapSurpassed #AwaitingApproval
🌈 Solana (SOL): Solana's market share has hit an all-time high of 3.81%, with active on-chain activities and a thriving ecosystem. ✨ Solana
🎗 Binance Coin (BNB): BNB has performed poorly, but Binance's futures trading market is doing well, and contract trading may surpass spot trading. 🎉 Binance Coin
2. Industry Hotspots 🛡️
💎 Political Influence: Standard Chartered analysts predict that if the Republican Party controls the US Congress, the market capitalization of cryptocurrencies may triple. After Trump's victory, Google searches for Bitcoin surged, and reports suggest Trump is considering replacing the SEC chairman, all of which will impact the cryptocurrency market.
💡 Economic Outlook: JPMorgan expects the Federal Reserve to end its balance sheet reduction in Q1 2025, and Coinbase analysts predict that the macro environment will be favorable for the crypto market in the next 1-2 quarters.
💫 International Linkage: German lawmakers believe that if the US adopts BTC as a strategic reserve, European countries may follow suit.
3. Industry Trends 🎯
💡 Stablecoins: Tether minted an additional 1 billion USDT on Ethereum, and the demand for stablecoins continues to grow. 💥 Stablecoins
💎 Project Development: Synthetix has restructured its tokenomics through significant governance proposals. BIO Protocol has completed a second round of community token financing, raising $11.14 million. 🔮 Project
