Overview

After six months of consolidation, Bitcoin’s price is approaching its all-time high without major resistance. Circle has announced a fee increase for redeeming USDC instantly. For daily redemptions exceeding $2 million, additional fees will apply, starting at 0.03% per transaction and gradually increasing to 0.1% for redemptions over $15 million. Some users have expressed concerns that higher fees may reduce USDC’s appeal in transactions.

Daily Macro

Bitcoin Market: Bitcoin surged to $72,600, nearing its all-time high. Meanwhile, gains in the altcoin market are modest, and Bitcoin dominance has increased further, surpassing 60%.

Bitcoin ETF: Preliminary reports on October 30 indicate a net inflow of $867.97million last day.

Ethereum ETF: Preliminary reports as of October 30 show a net inflow of $7.57million last day.

Macroeconomic Data: U.S. Treasury Secretary Janet Yellen is scheduled to speak tonight, followed by a monetary policy press conference tomorrow by Bank of Japan Governor Kazuo Ueda. Their statements may impact the yen-dollar exchange rate.

Daily Focus

LUCE

Reason for Focus: On Monday, the Vatican introduced a cartoon mascot named Luce. Meme enthusiasts quickly created a token under the same name on the Solana (SOL) blockchain, which has seen remarkable gains.

Related Token Performance (24H):

LUCE: +123%

Market Outlook: As a meme token, LUCE is not an official Vatican asset and has no intrinsic value. Investors are advised to approach the hype with caution.

Next Focus

BTC

Reasons for Focus: Bitcoin’s price is nearing its all-time high, with BTC’s market dominance now over 60% and sentiment indicators approaching extreme greed.

Market Outlook: Market capital is concentrated on BTC as it tests previous highs. Key macroeconomic data, including the U.S. October unemployment rate, could create resistance this week.

CoinEx Daily：Bitcoin Nears All-Time High; Circle Increases USDC Redemption Fees for the Second Time This Year