ChainCatcher news, according to The Block, Pantera founder Dan Morehead predicts that with "blockchain-supporting" U.S. President Trump returning to the White House, Bitcoin could soar to $740,000. He stated: "Bitcoin has completed three orders of magnitude growth, and another one seems possible."According to Morehead's theory, Bitcoin has been on a trend line, and if it continues to maintain its growth pattern, its price could reach $740,000 by April 2028. Since Pantera began investing, Bitcoin has nearly doubled in value almost every year, with a compound annual growth rate of about 88%.He added: "Relative to $500 trillion in financial assets, this number is not unimaginable." At a price of $740,000, Bitcoin's market cap would reach $15 trillion.

ChainCatcher message, since peaking two years ago, inflationary pressures have significantly decreased, but the pace of improvement has slowed in recent months. The PCE index is the Federal Reserve's preferred measure of price pressures. The Fed's goal is to keep the PCE inflation rate around 2% in the long term to maintain a healthy economy.According to economists' forecasts, the PCE price index is expected to rise 0.20% month-on-month and 2.30% year-on-year in October. The core PCE inflation rate, which excludes the more volatile food and energy prices, is expected to rise 0.30% month-on-month and 2.80% year-on-year. Although economists expect both indicators to rise compared to September, analysts believe that price pressures are still improving. Ameriprise Financial Chief Economist Russell Price noted that a higher reading in October "will not disrupt the long-term trend."It is worth noting that due to Daylight Saving Time and the Thanksgiving holiday, this PCE data will be released at 21:30 Beijing time on Wednesday, rather than the usual 20:00 on Thursday.

ChainCatcher news, according to SoSoValue data, the overall cryptocurrency market has declined, but the AI Meme sector has risen against the trend, with a 24H increase of 15.66%. Within the sector, ai16z (AI16Z) rose by 57.51%, Eliza (ELIZA) rose by 53.34%, Luna by Virtuals (LUNA) rose by 41.87%, Virtuals Protocol (VIRTUAL) rose by 30.13%, and Goatseus Maximus (GOAT) rose by 16.69%.In addition, SocialFi rose by 1.89%, with Toncoin (TON) increasing by 1.90% and Mask Network (MASK) increasing by 3.38%. The previously strong-performing Layer2 and LSDFi sectors saw a 24H decline of 3.56% and 0.78%, respectively.

ChainCatcher message indicates that, according to SoSoValue data, the overall encrypted market sector has slightly retraced, but the ETH and LSDFi sectors have risen against the trend, with increases of 2.8% and 5.57% within 24 hours. Notably, within the sector, Lido DAO (LDO) has risen by 13.76%, and Rocket Pool (RPL) has risen by 10.90%.In addition, the SocialFi sector has increased by 1.97%, the Layer2 sector has increased by 1.86%, the DeFi sector has increased by 1.54%, and the DePIN sector has increased by 1.20%.

ChainCatcher news, according to Bloomberg, Bitcoin has set the longest streak of declines since Trump won the U.S. election. As of Monday, Bitcoin has fallen about 6% for three consecutive days.Since the election day on November 5, the total market capitalization of the cryptocurrency market has increased by $1 trillion, but the momentum has currently stalled. IG Australia analyst Tony Sycamore believes that this pullback is mainly to eliminate overbought conditions and not a trend reversal.Independent Reserve CEO Adrian Przelozny stated that the current bullish sentiment is expected to last until 2025. TD Cowen analyst Jaret Seiberg pointed out that Trump will gain control over the U.S. SEC after taking office, which will be beneficial for easing cryptocurrency regulations.

ChainCatcher message, according to SoSoValue data, the overall cryptocurrency market has declined, with various sectors showing a correction trend, but the GameFi and DeSci sectors have risen against the trend by 9.52% and 3.35%, respectively. In the GameFi sector, The Sandbox (SAND) has increased by 65.24%, Decentraland (MANA) has increased by 29.56%, and Axie Infinity (AXS) has increased by 14.27%. Additionally, the ssiGameFi index, which represents the historical performance of the GameFi sector, currently stands at $10.4, with a weekly increase of 31.17% and a monthly increase of 62.84%.Furthermore, the DeSci sector has risen by 3.35%, with Rifampicin (RIF) increasing by 27.98%, Urolithin A (URO) increasing by 26.34%, and VitaDao (VITA) increasing by 8.47%. SoSoValue analysts indicate that the rise in the DeSci sector may be influenced by comments made by Mechanism Capital partner Andrew Kang on X, stating that "the current DeSci field is similar to the DeFi era in early 2019, with enormous potential."

ChainCatcher message, Nansen posted on platform X that the meme coin CHILLGUY continues to show a good upward trend, with a price increase of 24.52% in the past 24 hours and smart money net inflow reaching +108.45k.

ChainCatcher news, according to SoSoValue data, the encrypted market sector continues to show a general upward trend, with the PayFi sector leading the way, achieving a 24H increase of 21%; notable performers include Ripple (XRP) with an increase of 25.75% and Stellar (XLM) with an increase of 19.59%. Additionally, the ssiPayFi index, which represents the historical performance of the PayFi sector, currently has a price of $21.2, with a weekly increase of 44.44% and a monthly increase of 123.47%, ranking first among the increase lists of other sector indices.SoSoValue analysts indicate that, influenced by the news that SEC Chairman Gary Gensler is expected to resign on January 20, 2025, PayFi is anticipated to strengthen and maintain an upward trend in the long term.Moreover, it is worth noting that the Layer 2 sector has increased by 11.68%, the Defi sector by 7.29%, and the Layer 1 sector by 7.2%.

ChainCatcher news, Hargreaves Lansdown analyst Matt Britzman stated in a report that Trump's return to the White House has sparked hopes that the federal government will adopt a more favorable stance towards cryptocurrencies, further fueling the optimism that is already driving risk assets higher.He noted that investors are closely watching for signs of regulatory clarity, with speculation that SEC Chairman Gary Gensler may step down, paving the way for a more cryptocurrency-friendly approach.

ChainCatcher news, 10x Research released a report stating that the Google search trend for "Meme Coins" has reached an all-time high, surpassing the previous peak in March 2024. Since the election, retail speculation has significantly increased, and the sharp rise in altcoin spot trading volume is a clear indication of this. The search volume for altcoins is also catching up, with a search score reaching 70, the highest level since November 2021.

ChainCatcher news, Deribit Asia Pacific Business Head Lin Chen posted on X that there has been an extreme greed state for five consecutive days, with the greed index reaching 90. At this time, market FOMO sentiment is starting to rise, and market buying power is gradually increasing, while BTC ETFs are also beginning to show net interruptions. However, the liquidity over the weekend is relatively insufficient, so attention should be paid to tonight's opening trends in the US stock market. Currently, BTC is fluctuating around 90,000, and if there is a lack of sustained positive support, the possibility of a short-term correction cannot be ruled out.

ChainCatcher news, Bank of Japan Governor Kazuo Ueda stated that if the economic and price trends align with forecasts, the Bank of Japan will continue to raise policy interest rates and adjust the level of monetary support. The timing of interest rate hikes will depend on the economic, price, and financial outlook. Vigilance must be maintained regarding various risks, including trends in overseas markets. (Jin Ten)

ChainCatcher message, trader Eugene Ng Ah Sio posted on X: "There is no reason to say that SOL should not take similar actions to DOGE, XRP, and ADA when the trend arrives. The distribution network is as good as, or even better than, all networks, and it has allowed many people to profit. When breaking new highs, all you need is patience and diamond hands."