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Bitcoin dominance is surging, driven by demand for BTC ETFs, weakening prospects for altcoin season as the 2024 U.S. election nears.
ETH's 7% rise shows bullish momentum, yet whale hesitation signals mixed sentiment. A major exchange outflow indicates long-term confidence.
Solana (SOL) has risen by 14.29% in the past month. Bullish indicators remain, but low trend strength and resistance levels may limit gains.
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Option premiums and estimated daily volatility for bitcoin are projected to rise significantly around Nov. 6-8
With November 5 approaching, Bitfinex analysts suggested that election-driven momentum, strong technical indicators, and elevated derivatives positioning point to an improving price outlook for bitcoin.However, they cautioned that short-term volatility is likely in the days following the election as markets react to the results and the potential for shifting macroeconomic conditions.
- 21:18The three major U.S. stock indexes closed slightly higherAccording to a report by Jinse Finance, the three major U.S. stock indices closed slightly higher, with the Dow Jones up 0.32%, the Nasdaq up 0.02%, and the S&P 500 up 0.09%.
- 21:18Aave's Total Value Locked Surpasses $3 BillionThe total value locked (TVL) in Aave has surged to approximately $3 billion, marking a 50% year-over-year increase, solidifying its position as a major lending protocol on Ethereum and becoming the second-largest decentralized application by TVL. This reflects an optimistic sentiment among users to reutilize idle assets for cost-yield strategies, indicating that a new wave of expansion in the DeFi ecosystem may have begun, with Aave at the forefront. Meanwhile, Aave's outstanding debt is roughly consistent with its total value locked, suggesting that it maintains highly attractive lending yields while preserving a liquidity buffer.
- 21:18Bitcoin Surpasses $100,000; Crypto ETF Rises 35%After a brief pullback, Bitcoin has rebounded, and other cryptocurrencies like Ethereum, Aave, and Solana have also seen increases. The downgrade of U.S. government bond credit ratings has caused fluctuations in both the stock and crypto markets, but most analysts believe the event will have limited long-term market impact. Bitcoin analysts predict it could reach a new high of $138,500 this year.