📰 Cryptocurrency Daily News (November 24)
🔥 Market Sentiment: Strong Rebound After Significant Fluctuations
* Market Review: After experiencing a significant correction, the cryptocurrency market saw a substantial rise over the weekend.
* Bitcoin (BTC): Price surged above $87,000, with a 24-hour increase of over 3.5%. It had previously dipped to around $81,000.
* Major Altcoins Follow Suit: Ethereum (ETH) and SOL increased by over 4%, Dogecoin (DOGE) rose by over 6%, and XRP surged by over 8%.
* Liquidation Data: With the market's extreme volatility, nearly 120,000 cryptocurrency positions were liquidated in the past 24 hours. During an earlier downtrend, the number and amount of liquidations reached even higher levels, indicating significant market leverage risks.
🏦 Macroeconomic Factors: Surge in Federal Reserve Rate Cut Expectations
* Fed's Comments Boost Sentiment: New York Fed President Williams delivered a dovish speech, suggesting that a weak labor market poses a greater threat to the economy than inflation pressures, indicating further room for rate cuts.
* Rate Cut Probability Soars: As a result, the CME FedWatch Tool shows that traders' expectations for a rate cut in December have surged to about 70%, nearly doubling from less than 40% the previous day. The shift in macro liquidity easing expectations is the main catalyst for the weekend's significant rise in crypto assets.
⚠️ Industry Insights and Risk Warnings
* Short-term Support Level: Industry analysts believe that the volatility of crypto assets far exceeds that of traditional assets, and attention must be paid to the effectiveness of the $80,000 support level in the short term.
* Risk Assessment: Investors are reminded to rationally assess risks and exercise caution in their strategies.
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