Headlines
▌BTC Breaks $90,000
The market shows that BTC has broken through $90,000, currently trading at $90,015.99, with a 24-hour decline of 1.18%. The market is highly volatile, please manage your risks accordingly.
▌El Salvador's Current BTC Holdings at 5,936.7 BTC
Mempool data shows that El Salvador currently holds 5,936.7 BTC, worth approximately $536 million.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $89,830.4, with a daily change of -0.5%;
ETH's latest trading price is $3,074.51, with a daily change of -3.5%;
BNB's latest trading price is $618.7, with a daily change of -0.9%;
SOL's latest trading price is $237.86, with a daily change of +1.6%;
Doge's latest trading price is $0.3651, with a daily change of +0.5%;
XPR's latest trading price is $1.06, with a daily change of -1.7%.
Policy
▌Vivek (Head of the Department of Efficiency): Doge is Not Only for Restoring Efficiency, but Also for Restoring Self-Governance
On November 18, Vivek Ramaswamy, who co-leads the Department of Efficiency with Musk, posted on X that "Doge is not only for restoring efficiency, but also for restoring self-governance. In fact, these two goals are two sides of the same coin, and this is a very good thing."
Blockchain Applications
▌Nvidia's New AI Chip Faces Server Overheating Issues
According to The Information, Nvidia's (NVDA.O) newly launched Blackwell AI chip is already facing delays, as some customers are concerned that they may not have enough time to set up and run their new data centers due to overheating issues with the accompanying servers.
Cryptocurrencies
▌BlackRock's IBIT Holdings Exceed $42.8 Billion
According to BlackRock's official data, as of November 18, the market value of IBIT's holdings reached $42,893,124,057.07, with a holding of 471,329 BTC.
▌US Spot Bitcoin ETFs' On-Chain Holdings Exceed 1 Million BTC
According to Dune data, the on-chain total holdings of US spot Bitcoin ETFs have exceeded 1 million BTC, currently reaching about 1.044 million BTC, accounting for 5.28% of the current BTC supply, with an on-chain holding value of about $94.4 billion.
▌Robert F. Kennedy Jr.: I Have Invested Most of My Wealth in Bitcoin
Former independent candidate Robert F. Kennedy Jr. said in a recently resurfaced video, "I am a staunch supporter of Bitcoin. A year ago, I attended another Bitcoin conference here. When I got home, I invested most of my wealth in Bitcoin, so I'm fully committed."
In a post on November 16, Kennedy described Bitcoin as a "free currency" and reiterated the digital asset's ability to hedge against currency inflation.
▌Michael Saylor Hints at Potential Further BTC Accumulation
MicroStrategy founder Michael Saylor posted on the X platform, hinting that he may continue to increase his BTC holdings, stating: "I think the saylortracker website needs more 'green dots'." (Note: This website tracks MicroStrategy's record of adding to its BTC position, and green dots indicate BTC purchase operations.)
Important Economic Dynamics
▌61.9% Probability of 25bps Rate Cut by the Fed in December
According to the CME "Fed Watch": The probability of the Fed maintaining the current interest rate in December is 38.1%, and the probability of a cumulative 25bps rate cut is 61.9%. The probability of maintaining the current interest rate in January 2023 is 25.9%, the probability of a cumulative 25bps rate cut is 54.3%, and the probability of a cumulative 50bps rate cut is 19.8%.
Jinse Encyclopedia
Dogwifhat was launched in November 2023 and is a Solana-based meme coin, with the image of a Shiba Inu wearing a pink knitted hat. WIF does not position itself as a symbol of progress or a vision of the future, but maintains simplicity and embraces its meme identity, without any grand ambitions. Even the code "WIF" is a misspelling of "with", which is a typical meme form, highlighting the playfulness of the token.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles solely for informational reference, and does not provide actual investment advice. Please everyone establish the correct investment concept and improve your risk awareness.
