4E: Cryptocurrency concept stocks soar pre-market, MicroStrategy rises over 10%
On November 21, news reported that Trump's team is discussing the establishment of a new position in the White House specifically responsible for cryptocurrency policy. This comes on top of previous reports that the Trump Media Group is negotiating to acquire the cryptocurrency trading company Bakkt, leading to increased optimism about the prospects for the cryptocurrency industry under the Trump administration. Cryptocurrency concept stocks soared pre-market, with MicroStrategy rising over 10%. As of the time of publication, Bitcoin is priced at $97,530, moving closer to the much-anticipated $100,000 milestone. The rise in Bitcoin has attracted a large amount of liquidity, while Ethereum and altcoins have generally declined. U.S. stock index futures are broadly down, with the Dow futures down 0.15%, Nasdaq 100 index futures down 0.40%, and S&P 500 index futures down 0.29% as of the time of publication. On Thursday, the Hong Kong stock market closed lower, with the Hang Seng Index down 0.53%, the State-Owned Enterprises Index down 0.79%, and the Hang Seng Tech Index down 1.24%, reflecting generally weak market sentiment. However, as Bitcoin approaches $100,000 and continues to set new highs, cryptocurrency concept stocks have shown active performance by rising against the market trend, with Blue港互动 up over 54%, 博雅互动 up nearly 17%, and OSL Group up nearly 2%.
【Internet Celebrity Andrew Tate: Will Follow MicroStrategy, Synchronously Purchasing $1 Million of BTC Each Time】
According to a post by Cointelegraph on the X platform, Instagram celebrity Andrew Tate stated that he will follow MicroStrategy and will also synchronously purchase $1 million of BTC after each purchase by MicroStrategy
【BlackRock IBIT's pre-market trading volume reached $119 million today, with 43% being active buy orders】
According to Trader T's monitoring, BlackRock IBIT's pre-market trading volume reached $119 million today, with 43% being active buy orders and 37% being active sell orders.
Italy's largest bank, Intesa Sanpaolo, expands crypto business and adds spot trading services
On November 15, Italy's largest bank, Intesa Sanpaolo SpA, is expanding its digital asset business scope and adding cryptocurrency spot trading services. The bank established a proprietary cryptocurrency trading department in the corporate and investment banking department in 2023, which was previously limited to cryptocurrency options, futures and ETF trading business.
Professional Capital founder: Trump must establish a US strategic Bitcoin reserve within 30 days of taking office
Coin Point News reported that Anthony Pompliano, founder and CEO of Professional Capital Management, posted on the X platform that the more the United States talks about its strategic Bitcoin reserve, the greater the chance that other countries will get ahead, so the US strategic Bitcoin reserve must be established within 30 days of Trump taking office.
QCP Capital: Altcoins may face deleveraging risks, and Bitcoin has strong price support under the "Trump market"
On November 15, QCP Capital posted on its official channel that given Bitcoin's strong upward trend since the US election, it believes that the target price of $100,000 to $120,000 may not be far away. As the market prepares for the next rise, it is important to pay attention to the following trends and risk factors:
· Implied volatility has been declining as many large players prepare for it and sell call options on the rise. With each new high, the trading desk observed that the market was selling call options and buying put options to hedge downside risks.
· The market is still highly leveraged, especially in altcoins, and a large amount of leverage has pushed the perpetual funding rate (1 year) to 50-100%. So especially for altcoins, the risk of deleveraging may be considerable.
QCP Capital believes that BTC's potential strength represents a systemic shift in the market in anticipation of Trump's return to the White House. His idea of initiating strategic BTC reserves and rotating from gold to BTC provides a strong bullish argument that could keep BTC prices supported.
CZ shared a photo of his meeting with Arthur Hayes on social media
On November 14, Binance founder Zhao Changpeng (CZ) shared a photo of his meeting with BitMEX co-founder Arthur Hayes on social media platform X. CZ said: "Imagine what questions will be asked at this incubation meeting. Thank you Hayes for coming and investing in this industry together." #CZ
Binance Launchpool and pre-market trading launch Usual (USUAL)
According to the latest news from CoinPoint, Binance will launch the 61st project Usual (USUAL) on Launchpool at 10:00 (UTC) on November 19, 2024, and open pre-market trading. Users can lock BNB and FDUSD to participate in mining, and the mining period is from 00:00 on November 15, 2024 to 23:59 on November 18, 2024 (UTC). #Launchpool #Usual
Bitcoin breaks through $90,000 mark for the first time! Is the price "still cheap"?
Bitcoin has experienced a strong rise since October 12, breaking the $90,000 mark for the first time in U.S. trading on Wednesday, and has risen more than 110% this year. Despite Bitcoin’s stellar performance and the impressive gains it has accumulated year to date, traders and investors have not shown a strong willingness to take profits, unlike previous moves during all-time highs. This situation has now led many to believe that traders are confident that the cryptocurrency will appreciate further in the days and months ahead. According to data from crypto analytics firm Glassnode, traders are not not making money from Bitcoin, in fact, they have made considerable profits. However, Glassnode reports that these profits are “still below historical peaks.”
US Bitcoin ETF purchased $3.4 billion in BTC in four days
According to Odaily Planet Daily, data disclosed by HODL15Capital shows that the US Bitcoin ETF purchased $3.4 billion worth of BTC in the last four trading days from November 6 to November 11. #BTC #ETF
Bosera International: Bitcoin is currently in its fourth cycle, maintaining a positive outlook in the medium to long term
CoinPoint News Report, Bosera International stated that Trump's policies are considered to have the potential for long-term benefits for the cryptocurrency market, including support for the development of cryptocurrencies through executive orders and legislative measures. Additionally, the effectiveness and mainstreaming trend of the cryptocurrency market are also positive factors. Policies that the Trump administration might promote include more cryptocurrency-friendly legislation and potential tax incentives, which could further drive the popularity and acceptance of cryptocurrencies. Bosera International further stated that Bitcoin is currently in its fourth cycle, and it is expected to still be in the early stages of this cycle. The sustained recovery of coin prices requires waiting for an increase in expectations for interest rate cuts from the Federal Reserve or a continued rise in institutional participation, maintaining a positive outlook in the medium to long term.