CoinEx Daily: Bitcoin Price Nears $90,000; MicroStrategy Makes Major BTC Purchase

Overview

Bitcoin’s price continues its record-breaking climb, nearing the $90,000 mark. MicroStrategy purchased 27,200 BTC at an approximate cost of $2.03 billion, with an average purchase price of $74,463. Meanwhile, its stock (after-hours) hit an all-time high of $350.

Daily Macro

Bitcoin Market Status:Bitcoin’s price surged past $89,000, nearing $90,000. The broader crypto market is also seeing a recovery, with impressive gains among some altcoins, pushing the total crypto market cap above $3.1 trillion.

Bitcoin ETF Activity:On November 12, preliminary reports indicate a net inflow of $1,093.88 millions of dollars yesterday.

Ethereum ETF Activity:On November 12, preliminary reports show a net inflow of 294.9million millions of dollars yesterday.

Macroeconomic Data:With no political pressure from the U.S. election, the influx of hot capital is driving the crypto market to new highs.

Daily Focus

ACT

Reason for Focus:Binance announced the listing of the AI meme project ACT yesterday, with ACT surging over 20x in a single day.

Related Token Performance (2HD):

ACT: +2078%

Market Analysis: Following its deployment, ACT experienced significant volatility, initially causing doubt within the community. However, some users maintained their confidence, helping to strengthen community consensus. ACT has emerged as a successful community-driven project.

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

Next Focus

BTC

Reason for Focus:BTC is currently the center of market attention, with substantial net inflows continuing into U.S. ETFs, pushing its price to new record highs. There is growing optimism for a potential $100,000 breakthrough by year-end.

How to Participate: As a market leader, BTC’s price trends often influence other cryptocurrencies. Investors should closely monitor Bitcoin’s price movement to manage their positions accordingly.