5 must-read articles in the evening | Will the White House soon welcome its first Crypto advisor?

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1. As Bitcoin Approaches $100,000: Signals of Transformation in the Global Economic and Financial System Have Been Released

Today, the price of Bitcoin has risen to around $97,000, officially sounding the alarm for a push towards $100,000, a historic moment that not only symbolizes the rise of the crypto economy, but also poses a profound challenge to the traditional financial system. The following text analyzes its historical evolution, driving factors, global impact, and the policy interaction between the Trump administration and the crypto industry, and looks forward to the future of crypto. Click to read

2. Justin Sun Buys $620 Million Comedian $Ban's Land, Can $Ban Still Be Bought?

On November 20 local time, Tron founder Justin Sun acquired the iconic work "Comedian" by artist Maurizio Cattelan for $6.2 million. Click to read

3. Comprehensive Analysis of the MEME Coin Market Structure: Why Has the MEME Coin Market Developed So Amazingly

I've been browsing Discords for a few weeks, lurking in Telegram groups, browsing Twitter, and contacting a few research analysts and traders in the field, and I now have a comprehensive understanding of everyone's views on MEME coins (from seasoned algorithmic traders to my brother-in-law). I asked how to improve the UI/UX for limit orders and complex order execution, asked my friends if they really think Moo Deng is great, or if they've heard of Peanut the Squirrel. Click to read

4. Welcoming the Second Phase of the Bull Market, MEME is a Key Sector

In the current state, it is quite certain that the bull market has started. It can be said that the bull market is in the first phase. The second phase that is about to come is the most important, because this is the most profitable phase of the bull market, and missing the rhythm may miss the entire bull market. First, let's popularize the characteristics of the first phase of the bull market. The characteristics are that BTC leads the rise, and only a small number of sectors are effective, and most Altcoins do not perform well. The logic has actually been mentioned in the article I quoted, so I'll just copy it. 1) At the beginning of the market, market confidence has not fully recovered. BTC needs to surge to tell the market that a big bull market has arrived. 2) At this time, when BTC has a small correction, due to the previous experience of the difficult situation of Altcoins, the panic psychology is serious, and the Altcoins often have a larger decline. 3) Altcoins often have a lot of trapped positions, and even the main force needs to pull up the market, and can also repeatedly wash the positions at key positions. Click to read

5. Will the White House Welcome Its First Crypto Advisor?

According to a Bloomberg report, Trump's transition team is considering establishing a new White House position specifically responsible for Crypto asset policy. This report is in line with some speculation, especially about whether the new government will include leaders who support Crypto assets. Trump's support for digital assets has been evident during the presidential campaign. Click to read

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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