Witness history! Bitcoin breaks through $89,000, cryptos concept stocks soar across the board.
Digital currencies started to surge fiercely over the weekend and continued to accelerate on Monday. The top digital currencies by market cap all skyrocketed. Ethereum and Solana both saw a cumulative increase of about 40% in the past 7 days, higher than Bitcoin's 31%. Dogecoin, supported by Musk, doubled in value over the week. Major Bitcoin holder MicroStrategy stated that it spent approximately $2.03 billion to buy around 0.0272 million bitcoins, marking the largest purchase since December 2020. Blackrock's Bitcoin ETF IBIT has an asset under management exceeding one of the largest gold ETFs, IAU.
Top 20 Transaction Amount | Tesla rose nearly 9%, with a transaction volume of $72.32 billion; pharmaceutical company AbbVie fell by 12.57%.
On Monday, the U.S. stock market ranked 10th in sales with salesforce up by 6.14%, trading at 4.729 billion US dollars; and ranked 16th, MARA, a bitcoin concept stock, up by 29.92%, trading at 2.953 billion US dollars.
How High Can Bitcoin Go? Prediction Markets Suggest $100K
Express News | Trump is looking for candidates to support cryptos for financial institutions.
Hong Kong stock market morning report on November 12: US stocks closed higher, with most China concept stocks strengthening. Hong Kong Exchanges and Clearing will continue to optimize the Shanghai-Hong Kong Stock Connect.
① COP29 opened in Azerbaijan. ② The Hong Kong Stock Exchange stated that it will continue to optimize the Shanghai-Hong Kong Stock Connect trading mechanism and related services, continuously improve the Bond Connect and Swap Connect arrangements. ③ The three major US stock indexes collectively closed higher last night, with most China concept stocks strengthening. ④ Japan intends to introduce a ¥10 trillion support policy for semiconductors and artificial intelligence. ⑤ Bitcoin broke through $0.088 million.
Bitcoin skyrocketed to over 88,000 dollars, with traders betting it will break 100,000 dollars before the end of the year.
Bitcoin hits a new high in the "undeniable bull market", it is reported that Trump is preparing to have the US government take a more lenient stance on cryptos, he is looking for key candidates friendly to the crypto industry.
U.S. stocks close: S&P index breaks through the key level of 6000 points for the first time, with Tesla and cryptos concept stocks soaring together.
① Most of the china concept stocks are up, nasdaq China Golden Dragon Index rose by 0.59%; ② MicroStrategy bought another 0.0272 million bitcoin; ③ Musk played a key role in the formation of Trump's future team; ④ US regulatory authorities have launched an investigation into honda motor.
Why Coinbase, MicroStrategy, and Crypto Stocks Popped on Monday
Coinbase Options Spot-On: On November 11th, 825.21K Contracts Were Traded, With 1.25 Million Open Interest
On November 11th ET, $Coinbase(COIN.US)$ had active options trading, with a total trading volume of 825.21K options for the day, of which put options accounted for 24.41% of the total transactions,
Unusual Options Activity: RTX, CNX and Others Attract Market Bets, RTX V/OI Ratio Reaches 176.8
EST Nov 11th Closing Delivery - In the last three hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Dow Ends Session on Top While S&P and Nasdaq Inch up With CPI Data Looming
Bitcoin Zooms to Record Above $87,000; Other Top Cryptocurrencies Surge
Coinbase on Track to Extend Gains for Seventh Straight Session on Trump Win, Cryto Rally
Donald Trump Victory Week (Nov 4-8): These Large Cap Stocks Were Biggest Gainers
Bitcoin at Record. Stock Movers: Coinbase, Tesla, Cigna, Humana
Unusual Options Activity: KGC, FOUR and Others Attract Market Bets, KGC V/OI Ratio Reaches 161.3
EST Nov 11th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Why Are Coinbase (COIN) Shares Soaring Today
Trump reportedly plans to narrow the range of Treasury Secretary candidates this week, with candidates from a Wall Street background taking the lead.
①According to media reports citing sources, usa President-elect Trump plans to narrow down the range of candidates for Treasury Secretary within this week, and is inclined to choose someone with a Wall Street background for this important position; ②After winning the US presidential election, there is close attention from the public on how he will form the cabinet for his second term. Treasury Secretary and Secretary of State are usually the positions where the US President prioritizes the selection of candidates.
Coinbase, Aerospace and Defense, Singles' Day: Top Stories
Goldman Sachs: Trump's 'Super Week' ends, the US stock market will enter a rotation market.
Goldman Sachs traders expect that after the trading market driven by the US election ends, the forecast rotation pressure will continue to be a significant feature of the market, as investors put money into smaller market cap companies and seek opportunities in cyclical/inflation themes.