CoinEx Daily: Bitcoin Breaks Through $90,000; Impressive Gains in the MEME Sector

Overview

After a brief pullback, Bitcoin continued its surge toward new all-time highs, reaching $93,000 at its peak. The MEME market has seen explosive participation, with several MEME tokens soaring by multiple times in just a few days.

Daily Macro

Bitcoin Market Status:Following a slight correction, Bitcoin hit a new record high, peaking at $93,000. The overall altcoin market showed average performance, with MEME tokens leading gains.

Bitcoin ETF Activity:On November 13, preliminary reports indicate a net inflow of $511 millions of dollars yesterday.

Ethereum ETF Activity:On November 13, preliminary reports show a net inflow of $148million millions of dollars yesterday.

Macroeconomic Data:The latest October CPI data from the Federal Reserve has reinforced expectations for a rate cut in December. With mounting anticipation in the market, traders are betting on Bitcoin reaching $100,000 by year’s end.

Daily Focus

PNUT

Reason for Focus:Elon Musk tweeted that a squirrel and a meme coin saved America. Following his statement, the squirrel-themed meme project PNUT saw a sharp rally, now positioning it as the third-largest meme project on the Solana network.

Related Token Performance (7D):

PNUT: +1762%

Market Analysis:The rapid rise of PNUT is largely driven by celebrity and political sentiment. If negative news arises regarding these endorsements, market consensus could quickly collapse, marking PNUT as a speculative asset.

How to Participate: Users can trade DOGE on exchanges such as CoinEx.

Next Focus

PEPE

Reason for Focus: Upbit is adding a PEPE/KRW trading pair, and Coinbase will also list PEPE. PEPE surged following these announcements.

Market Analysis: PEPE, considered a top-tier MEME project with solid community support, may reach a broader audience as it lists on more exchanges.

How to Participate: Users can trade PEPE on exchanges such as CoinEx.