ChainCatcher news, according to Jinshi reports, the Federal Reserve may not see more signs of inflation easing before deciding whether to cut interest rates again in December. After studying this week's CPI and PPI inflation data, many analysts predict that the Fed's preferred inflation measure, the PCE price index, will show that core prices, excluding the volatile food and energy categories, rose 2.8% year-on-year in October. This would represent a renewed acceleration in growth since September and means that the core PCE annualized rate has returned to the level seen in May.However, this pain may be temporary. Citigroup economists expect that the core PCE monthly inflation rate may slow significantly in November. But the November data will not be released until New Year's Eve.

ChainCatcher news, according to East Net, Victory Securities' Deputy COO Zhou Lele stated that Trump's victory and the Federal Reserve's interest rate cuts have injected new vitality into the cryptocurrency market and triggered a market frenzy. The consensus is an optimistic outlook on the virtual asset market after Trump's inauguration.Some institutions expect Bitcoin prices to continue to rise, with several analysts estimating that Bitcoin could break $100,000 by the end of the year, signaling a new prosperous period for the virtual asset market. The inflow of stablecoins into exchanges is about $4.5 billion, far exceeding the net inflow of $1.63 billion for Bitcoin exchange-traded funds (ETFs). The holdings of exchange contracts and CME contracts have both reached historical highs, and the surge in capital inflows may indicate more investment opportunities in the future.

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas disclosed on the X platform that BlackRock's IBIT reached a market value of $40 billion in just 211 days (only two weeks ago it reached $30 billion), breaking the record of 1,253 days held by IEMG. IBIT is now in the top 1% of all ETFs by asset size, surpassing the scale of all 2,800 ETFs launched in the past decade after just 10 months since its inception.

ChainCatcher news, according to The Block, BRN analyst Valentin Fournier stated, "The momentum of Bitcoin paused yesterday, reaching a high of $90,000 during the day. We believe this indicates that some large investors are taking profits, which may lead to a brief pullback before the price resumes its upward trend."Fournier noted that upcoming events and technical indicators may suggest potential price reversals. "Currently, the upside potential seems greater than the short-term downside risks. However, if today's upcoming CPI data exceeds expectations, it could trigger market volatility."

ChainCatcher news, Chris Weston, head of research at Pepperstone Group, wrote in a report that Bitcoin is in "beast mode." "For traders who are still uncertain, the question is whether there is still room to chase this hot trend or to wait for a slight pullback, allowing some of the impulse trend's heat to dissipate."In the options market, according to data from the derivatives exchange Deribit, investors are betting that Bitcoin will break $100,000 as early as the end of this year. Fairlead Strategies LLC technical analyst Katie Stockton stated in her latest research report, "After such a rapid rise, a digestion period is naturally expected, and a short-term neutral bias is recommended."

ChainCatcher news, according to Jinshi reports, IG market strategists stated that Trump's election as President of the United States has directly led to a reduction in the expectation of Federal Reserve rate cuts before 2025. The potential "red wave" means there is little resistance to his tax cuts and spending plans, coupled with his stance on raising tariffs.The strategist said, "Overall, this could complicate the Federal Reserve's efforts to combat inflation, and we might expect the Fed to be more cautious in its future easing process, indicating upward pressure on yields and a stronger dollar." Traders now believe there is a 68% chance that the Federal Reserve will cut rates by 25 basis points in December, compared to about 83% before Trump's victory.

ChainCatcher news, Standard Chartered Bank's Global Head of Digital Asset Research Geoff Kendrick believes that many of Trump's commitments to support cryptocurrencies will drive up Bitcoin. He expects that Trump will overturn Biden's veto of SAB121, a controversial accounting guideline from the U.S. Securities and Exchange Commission (SEC), which critics say prevents investment banks from offering cryptocurrency custody services on a large scale.Geoff Kendrick believes that Trump will quickly achieve this goal after taking office on January 20 next year, and he thinks this move will encourage more institutions to adopt cryptocurrencies.

ChainCatcher news, according to The Block, based on the prediction of Standard Chartered analyst Geoff Kendrick, if the Republican Party successfully controls both houses of the U.S. Congress, the market capitalization of cryptocurrencies could reach $10 trillion by the end of 2026, a 300% increase from the current $2.7 trillion.Kendrick believes that a Republican-led government may bring friendly policies, such as easing regulations on stablecoins and adopting a more lenient stance at the U.S. Securities and Exchange Commission, which would be significant positives for Bitcoin reserves and more. Additionally, areas such as crypto gaming, tokenization, and decentralized IoT are expected to benefit from a more favorable policy environment.

ChainCatcher news, according to Jinshi reports, analysts at LHMeyer wrote that Fed Chairman Powell's speech provided little new information but offered a clue on how the Fed is considering the December decision.Powell emphasized that the Fed will not react to the expected policies of the Trump administration (which are believed to potentially trigger inflation) but will focus on current data. This indicates that the Fed retains the freedom to continue cutting interest rates. Analysts believe that the Fed is most likely to cut rates by another 25 basis points next month.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted on social media, "Bitcoin ETF saw a net inflow of $1.4 billion yesterday, setting a new historical high (influenced by the 'Trump effect').Among them, IBIT had an inflow of $1.1 billion in a single day. The total inflow over the past month reached $6.7 billion, and year-to-date inflows have reached $25.5 billion. Approximately 18,000 bitcoins were bought in a single day (compared to 450 bitcoins mined that day), and the total holdings of U.S. Bitcoin spot ETFs have now reached over 93% of the 1.1 million bitcoins held by Satoshi Nakamoto."

ChainCatcher news, according to CoinDesk, the Federal Reserve announced a 25 basis point rate cut on Thursday, as expected. The U.S. Bitcoin spot ETF saw a net inflow of over $1.3 billion on Thursday, and against this backdrop, traders are optimistic about Bitcoin's prospects.Min Jung, an investment analyst at Presto Research, stated, "In the short term, $100,000 will become the next major focus level, as this number is symbolic and represents a change in digits. Looking ahead, we believe the U.S. may eventually incorporate Bitcoin into its balance sheet, perhaps as part of a 'strategic Bitcoin reserve' or something similar, but likely under a more low-key name. With that in mind, we believe Bitcoin's target is around $110,000."Alex Kuptsikevich, a senior market analyst at FxPro, said, "After the U.S. election results were announced, the leading cryptocurrency surged significantly, but it is currently holding at high levels, possibly consolidating its strength before the next round of increases. Overall, we maintain that the new highs have triggered a wave of strong growth, expected to rise to $100,000-$110,000 within 2-3 months without experiencing significant pullbacks." However, some traders warn of potential short-term pullbacks, although they remain generally bullish on BTC, indicating that post-election market adjustments and policy uncertainties could lead to short-term corrections.

ChainCatcher news, institutional analysts indicate that the most notable part of the statement so far is that the Federal Reserve has become more cautious in expressing too much certainty about progress on inflation. Officials tend to gauge underlying inflation using September data, but it is important to remember that there is a lot of data showing strong economic growth. Coupled with a prospective president who supports underlying inflation policies, the Federal Reserve may enter a wait-and-see mode.

ChainCatcher news, Diane Swonk from KPMG stated that the Federal Reserve may cut interest rates in December, but it seems they want to maintain "flexibility" in the future. She mentioned that one of the main challenges the Federal Reserve currently faces is "communication," as this is not a time when they can provide "a lot of forward guidance."

ChainCatcher news, according to The Block, CryptoQuant's research director Julio Moreno stated: "Trump's victory has rekindled American investors' demand for Bitcoin, and the Coinbase premium has turned positive for the first time since October 18." Coinbase is a favored platform among American investors, and its premium indicates increased buying interest, especially from institutional investors making large trades using Coinbase.As a signal of increasing demand from institutional investors, the daily trading volume of Bitcoin futures on the Chicago Mercantile Exchange (CME) reached a historic high of $13.15 billion yesterday. According to K33 research director Vetle Lunde, the average daily trading volume for CME Bitcoin futures in 2024 is currently $4.56 billion—higher even than the surge in trading volume during the FTX collapse in early November 2022. This milestone indicates a shift in Bitcoin trading activity, with an increasingly significant role played by institutional investors.Additionally, data shows that in just one week of November, the average monthly open interest for CME Bitcoin futures has already reached a historic high of $11.73 billion.

ChainCatcher news, according to Cointelegraph, Trump winning the U.S. presidential election could pave the way for more diversified cryptocurrency financial products.Nansen analyst Edward Wilson stated that the Trump administration may embrace more innovations in the cryptocurrency industry, including the launch of the first Ether staking ETF.Wilson said, "Given that the regulatory environment may be favorable to cryptocurrencies, we might even see the first Ether staking ETF approved early in this new administration, which would fully leverage the advantages of ETH as an asset. If that happens, then ETH will become an exciting asset to watch."

ChainCatcher news, CMT Digital research analyst Oliver Jaros has confirmed his attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon. CMT Digital is a subsidiary of CMT Group, focusing on blockchain technology and digital asset venture capital.The "DeInsight 2024" annual summit will take place on November 11 at Hotel Nikko Bangkok in Bangkok. This summit is co-hosted by ChainCatcher and RootData, and jointly organized by SoSo Value. The conference aims to bring together elites in the Web3 field to exchange insights on the industry, and it is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024 annual heavyweight rankings, objectively selecting influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, November 7, Bitfinex analysts expect that after Trump's election as President of the United States, the crypto market will welcome a "new wave of hope."As the industry anticipates a less hostile attitude from federal agencies towards cryptocurrencies, this trend is expected to facilitate more capital inflow into the Web3 space. Analysts stated, "We expect that in the short term, a significant amount of capital will be released for the crypto sector. Furthermore, this may influence the approach taken by the U.S. SEC, which is widely regarded as having a hostile stance towards the crypto industry."

ChainCatcher message, cryptocurrency analyst Ali pointed out that if you missed the bull market, be very careful: TD Sequential has just issued a sell signal on the BTC 4-hour chart, suggesting a possible pullback to $72,000. However, if the closing price remains above $75,400, it will invalidate this bearish setup and trigger a rise to $78,000.Note: TD Sequential is a technical analysis tool that predicts market trend reversal points by calculating the continuity of price movements, used to identify potential buying and selling opportunities.

ChainCatcher news, after Republican candidate Trump won the U.S. presidential election, gold prices fell. SP Angel analysts stated that the dollar and U.S. Treasury bonds surged due to the election results, weakening the appeal of gold, reflecting market concerns about the inflation policies that a Trump administration might implement. Trump had previously discussed plans to reduce immigration, impose broad tariffs, and cut taxes, all of which could drive up inflation. SP Angel added that gold buyers may also be preparing for a more intense election, but the Republican sweep may have led to the liquidation of such positions. (Jin Shi)

ChainCatcher news, according to Jinshi reports, analysts from the Edmond de Rothschild Group stated in a report that under Trump's leadership, U.S. inflation could rise rapidly. The risks of trade tariffs and the threat of deporting undocumented immigrant workers could drive up the U.S. inflation rate. These factors may pose challenges to the Federal Reserve's efforts to curb inflation.They stated, "As the impact of Trump's plans on inflation becomes increasingly clear, the Federal Reserve may partially abandon its anticipated 100 basis points rate cut in its latest report."