FameEX Morning Crypto News Recap | November 29, 2024

Bitcoin Dominance Expected to Remain Strong in the Short Term

CryptoQuant CEO Ki Young Ju stated that Bitcoin dominance is expected to remain strong in the short term. During Bitcoin's 37% market value increase, large-cap stocks rose 16%, while small and mid-cap stocks gained only 10%, except during April's meme coin season when smaller cryptos outperformed Bitcoin.

Whales Acquire Over 10,000 Bitcoins Amid Price Correction

On November 28, on-chain analyst Ali revealed that during Bitcoin's price correction from $99,000 to $90,000, large holders (whales) seized the opportunity to purchase over 10,000 Bitcoins.

MicroStrategy Founder Expresses Gratitude to Satoshi Nakamoto

MicroStrategy founder Michael Saylor expressed gratitude to Satoshi Nakamoto on Thanksgiving, posting a message on the X platform that simply read: "Thank You, Satoshi."

BlackRock Bitcoin ETF Holdings Surpass $48 Billion

As of November 27, BlackRock's iShares Bitcoin Trust ETF holds 495,443.65 BTC, with its Bitcoin holdings valued at over $48 billion, totaling $48.04 billion. This marks a significant update to its Bitcoin ETF holdings.

JPMorgan Chase Team Suggests Trump Administration Could Offer Clear Regulatory Framework for Cryptocurrencies

JPMorgan Chase's cryptocurrency team suggested that the Trump administration could establish a clearer regulatory framework for the crypto market, potentially fostering its development and increasing its popularity.

Altcoins Require Fresh Capital to Reach All-Time Highs

CryptoQuant CEO Ki Young Ju stated that altcoins need fresh capital from retail traders to initiate a season of growth. He emphasized the importance of altcoins developing their own strategies to attract investment, remaining bullish on their future potential.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.