CoinEx Daily: Bitcoin Rebounds to $97,000; Over Five Crypto Enthusiasts in Trump’s New Cabinet

Overview

Bitcoin staged a strong rebound, briefly reaching $97,000 and is currently trading at $96,000. Meanwhile, all cabinet members of Trump’s new administration have been announced. In addition to familiar names like Elon Musk and Howard Lutnick, several cabinet members are staunch cryptocurrency supporters and have previously disclosed their crypto holdings. Notable figures include the nominated Vice President, Treasury Secretary, Commerce Secretary, Secretary of Health and Human Services, and Director of National Intelligence.

Daily Macro

Bitcoin Market Status: Bitcoin has shown strong recovery, currently trading at $96,000. Ethereum also performed well, reaching $3,600.

Bitcoin ETF Activity: Preliminary data for November 28 indicates a net inflow of $103 million yesterday.

Ethereum ETF Activity: Preliminary data for November 28 reports a $90.1 million net inflow yesterday.

Macroeconomic Data: The Federal Reserve’s minutes reveal considerations to lower the reverse repo rate by 5 basis points as a technical adjustment, which is expected to improve market liquidity.

Daily Focus

ENS

Reason for Focus: The Ethereum Name Service (ENS) project outperformed, with a 24-hour surge of nearly 50%.

Related Token Performance (24H):

ENS: +49%

Market Analysis: With Ethereum’s price strengthening, Ethereum ecosystem projects have shown notable gains recently, offering multiple investment opportunities.

Next Focus

ETH 

Reason for Focus: The shift in Ethereum’s net fund flow has been observed, with consistent net inflows replacing prior outflows.

Market Analysis: ETF fund inflows reflect market preferences to some extent. Investors should pay close attention to investment opportunities in the Ethereum ecosystem.