Source: Huobi HTXWhat major events have occurred in the global encryption market over the past 24 hours?Morgan Stanley expects the Federal Reserve to start cutting interest rates in June next year;Data: The crypto market has experienced net capital inflows for the first time in nearly 17 months;The US SEC has postponed its decision on the application for Hashdex spot Bitcoin ETFs and grayscale Ethereum futures ETFs;Musk: The Grok API access for the AI project xAI is already in the early testing stageMarket OverviewBitcoin (BTC)The violent rebound in the past 24 hours has continued to rise from $34362 in the morning to reach a maximum of $37964 this morning, and has since fallen slightly, with volatility amplifying to 9.57%
What major events have occurred in the global encryption market over the past 24 hours?
Morgan Stanley expects the Federal Reserve to start cutting interest rates in June next year;
Data: The crypto market has experienced net capital inflows for the first time in nearly 17 months;
The US SEC has postponed its decision on the application for Hashdex spot Bitcoin ETFs and grayscale Ethereum futures ETFs;
Musk: The Grok API access for the AI project xAI is already in the early testing stage
Market Overview
Bitcoin (BTC)The violent rebound in the past 24 hours has continued to rise from $34362 in the morning to reach a maximum of $37964 this morning, and has since fallen slightly, with volatility amplifying to 9.57%.
Ethereum (ETH)In the past 24 hours, the trend has converged with BTC, with the highest price at $2082 and the lowest price at $1967, with a volatility of 5.58% lower than BTC.
Mainstream currencyAVAX performed the best, rising 18.11% and currently trading at $20.403, with more gains and less losses; MATIC retreat 1.80%; The trading volume of AVAX and SOL has significantly increased. The total market value of cryptocurrencies is $1.48 trillion, an increase of 4.9% compared to yesterday; The 24-hour trading volume of the entire network was 94.1 billion US dollars, slightly increased compared to yesterday.
Panic Greed IndexAt 70, an increase of 10 points from yesterday, market sentiment remains greedy.
Huobi BTC fixed investment indexIt is 43, a decrease of 4 points compared to yesterday, and the level is neutral. This level indicates that the price of Bitcoin is in a balanced state, and can be ordered or discontinued based on past ordering costs.
Mainstream currency
(List of transaction volume)
Today's news
1. The US PPI in October slowed to 1.3% year-on-year, exceeding expectations, and unexpectedly turned down month on month. Morgan Stanley expects the Federal Reserve to start cutting interest rates in June next year.
2. Musk: The Grok API access for the AI project xAI is already in the early testing stage.
3. The US SEC has postponed a decision on the application for Hashdex spot Bitcoin ETFs and grayscale Ethereum futures ETFs.
4. Data: For the first time in more than a year, the cryptocurrency market has seen a net inflow of funds into the cryptocurrency market through stable currencies or tokens linked to the US dollar.
5. DWFLabs has established a partnership with KavaChain to promote the DeFi ecological development of the latter.
6. The proposal to reduce ATOM production: set the maximum inflation rate to 10% is open for voting.
7. Circle's strategic investment in SeiNetwork supports the launch of native USDCs on the network.
8. A court in Liaoning tried a dispute over virtual currency entrusted financial management: the contract is invalid and will not be processed.
Market opportunities
Analyst Ryan Lee:Today, the global cryptocurrency market has a total market value of $1.486 trillion, an increase of 5% compared to yesterday. The global trading volume is $94.1 billion, an increase of 10.9% compared to yesterday. Bitcoin accounts for 49.45% of the market value, a slight increase compared to yesterday. The market is stronger than counterfeit, with an increase of 913 currencies, a decrease of 248 currencies, and an increase of 78% in currencies. The profit making effect is good, and the public chain sector continues to perform strongly, such as SEI, AVAX, SOL, and DEFI sectors, such as QI, JOE, and SNX, The infrastructure sectors RNDR, ARKM, and FET performed strongly.
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