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October 30 Market Dynamics: BTC surges close to new highs, spot ETF inflows reach 4 billion USD in two weeks; US stocks NASDAQ and gold both hit new highs

October 30 Market Dynamics: BTC surges close to new highs, spot ETF inflows reach 4 billion USD in two weeks; US stocks NASDAQ and gold both hit new highs

Bitget2024/10/30 02:32
BTC+1.35%SUI+3.18%DOGE+1.30%

I. Market Dynamics

1. BTC surges towards a new high, with $4 billion flowing into the BTC spot ETF in the past two weeks.

2. U.S stocks NASDAQ and gold both hit new highs. The market expects a 25 basis point rate cut in November. If Trump takes office, subsequent rate cuts will be more aggressive.

II. Market Focus

1. MEME's DOGE, NEIRO etc are on the rise. DOGE is currently the leading trade on CEX for Trump, with a breakthrough in the weekly DOGE/BTC exchange rate. Musk is still scheming; his previous purchase of Twitter was not for profit but to control public opinion for presidential elections.

2. New public chain SUI rises . SUI remains one of the best new public chains besides SOL, with better chip structure.

3. On-chain Shiba Inu LUCE soars . LUCE is designated as New Year's mascot by Vatican Pope and just listed on MOONSHOT , it has been top traded Shiba Inu on-chain for two consecutive days .

4.TIA will unlock $1 billion tokens this week which accounts for 80% of existing circulation.

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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