Gate Research Institute: Altcoin rose in rotation over the weekend, and the first spot Bitcoin ETF index option is about to be launched

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PANews
2 days ago
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PANews reported on November 26 that, according to the Gate Research Institute's daily report, BTC and ETH maintained high volatility yesterday, with BTC price rising 0.24%, reaching a high of $98,549 and a low of $95,735, with a key resistance level of $99,600; ETH price fell 1.00%, with a key support level of $3,300; Altcoins performed well, especially the metaverse and gaming sectors, with SAND rising 73.5%; Solana's DEX had an average daily trading volume of over $6 billion, accounting for 45% of the market.

In addition, CBOE announced that it will launch the first spot Bitcoin ETF index options on December 2, providing investors with new trading tools and further promoting the development of the Bitcoin derivatives market.

The spot Bitcoin ETF had a net inflow of $490 million, and the spot Ethereum ETF had a net inflow of $91.21 million in a single day, indicating that institutional investors' interest in the crypto market has not diminished; the market sentiment remains optimistic, with the Fear and Greed Index rising from 80 to 82, still in the extreme greed zone.

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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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