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Market dynamics on November 13: BTC fluctuates at high levels, contract rates approach historical peaks, and the US dollar index reaches a new half-year high

Market dynamics on November 13: BTC fluctuates at high levels, contract rates approach historical peaks, and the US dollar index reaches a new half-year high

Bitget2024/11/13 02:26
BTC-0.47%DOGE-1.36%

I. Market Dynamics

1. BTC fluctuates at high levels, and altcoins generally fall. The contract rate once approached the historical extreme, and there may be a major correction in the next 1-2 weeks.

2. U.S stocks are adjusting, Trump's trade recedes. The dollar index rose to a half-year new high, Trump's remarks on imposing a 20% tariff on all imported goods exacerbated inflation concerns.

II. Market Focus

1. Dog-themed MEMEs such as DOGE, BONK, FLOKI, NEIRO, WIF, D.O.G.E., etc., have risen. Musk was appointed as the head of the Government Efficiency Department (D.O,G,E). DOGE soared to a market value of $60 billion USD. D.O.G.E surged hundreds of times within one month to reach a market value of $300 million USD . Funds overflowed from Dragon One DOGE and rotated to Dragon Five and Six similar to previous PEPE being hyped up to PEPE2 , BABYPEPE , PEPECOIN . SBR has risen sharply which is an abbreviation for BTC strategic reserve movement.

2.The old coins XRP,XLM,and TRX etc are catching up with their gains.Possible overheating signal in market sentiment due to these old coins catching up with their gains.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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