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Market dynamics on November 15: BTC price adjusts; The dollar index hits a new high for the year, reducing the possibility of interest rate cuts in December

Market dynamics on November 15: BTC price adjusts; The dollar index hits a new high for the year, reducing the possibility of interest rate cuts in December

Bitget2024/11/15 02:22

I. Market Dynamics

1. BTC failed to hit 100,000 for the first time and began to adjust. Altcoins generally fell, with previously strong coins such as DOGE, NEIRO, PNUT leading the decline.

2. U.S stocks fell while the dollar index rose to its highest in a year. Powell suppressed expectations of interest rate cuts, reducing the probability of a cut in December.

II. Market Focus

1. USUAL is a stablecoin project based on RWA; its underlying asset is US short-term government bonds but long-term pledges are required to share profits - not as innovative as ENA's algorithmic stability mechanism. The founder is French and IOSG is the main investor.

2. AI MEME’s ACT and GOAT have risen along with Zoo’s MOODENG and CAT also rising. Funds are rotating within MEME but every rotation leads BOME to catch up which usually results in market adjustments – BOME acts like Mad Max's vehicle.

3. The sentiment for blockchain-based MEME coins may have reached a temporary peak; value coins like LTC, IOTX, IO etc., are transforming into MEMEs one after another while institutions like ANIMOCA are also entering the field by issuing their own MEMEs.

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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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