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Market dynamics on November 26: BTC and altcoins are declining, MicroStrategy's investment effect weakens; U.S. stocks rise, Federal Reserve may slow down interest rate cuts

Market dynamics on November 26: BTC and altcoins are declining, MicroStrategy's investment effect weakens; U.S. stocks rise, Federal Reserve may slow down interest rate cuts

Bitget2024/11/26 02:36

I. Market Dynamics

1. BTC daily line falls, altcoins generally fall. MicroStrategy used $5.4 billion this month, but only pulled the BTC price up by $1000, while previously $4.6 billion pulled it from 70k to over 90k.

2. U.S stocks rise. The United States will impose tariffs on China, Canada and Mexico; Federal Reserve may cut interest rates or slow down.

II. Market Focus

1. Public chain ETH rises, ecosystem ENS, LDO, SSV, RPL etc follow suit in rising trend.BTC dominance weekly line drops; altcoins will perform better than BTC in the coming months.

2. Secondary new coin PNUT and ACT stop falling and rebound.New coins still have considerable popularity.PNUT founder launched another one called JUSTICE,but the market did not buy it,similar to previous PEPE.

3. MEME's CHEERS and WHY plummeted.They are all BSC chain MEMEs.

1

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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