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FameEX Cryptocurrency Daily Morning News丨November 29, 2024

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In the short term, BTC will maintain its dominance

Ki Young Ju, CEO of CryptoQuant, said that in the short term, BTC is expected to maintain its dominance. During the 37% increase in BTC market capitalization, high-cap cryptocurrencies rose an average of 16%, while mid and small-cap cryptocurrencies only rose 10%, except for the MEME season in April, when smaller-cap cryptocurrencies outperformed BTC slightly.

Whales have increased their BTC holdings by 10,000 BTC during the BTC consolidation period

On November 28, on-chain analyst Ali revealed that during the period when BTC price consolidated from $99,000 to $90,000, large holders (whales) took the opportunity to increase their holdings by more than 10,000 BTC.

MicroStrategy founder expresses gratitude to Satoshi Nakamoto

MicroStrategy founder Michael Saylor expressed gratitude to Satoshi Nakamoto on Thanksgiving, posting a message on the X platform that said "Thank you, Satoshi Nakamoto."

BlackRock's BTC spot ETF holdings have exceeded $48 billion

As of November 27, the iShares BTC Trust ETF under BlackRock held approximately 495,000 BTC, with the value of its BTC holdings exceeding $48.04 billion. This marks a significant increase in its BTC ETF holdings.

JPMorgan: Recommends the Trump administration to provide a clear regulatory framework for cryptocurrencies

JPMorgan's cryptocurrency team has recommended that the Trump administration can establish a clearer regulatory framework for the cryptocurrency market, which will promote its development and increase its popularity.

Altcoins need new capital inflows to push them to new historical highs

Ki Young Ju, CEO of CryptoQuant, said he remains optimistic about the future potential of Altcoins. He emphasized that Altcoins need to develop their own strategies to attract investment, as Altcoins need new retail capital to trigger an Altcoin season. Disclaimer: The information provided in this section is for reference only and does not constitute any investment advice or official views of FameEX.

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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