Overview

Following a surge fueled by excitement around “Trump” trades, Bitcoin has cooled, pulling back to $98,000. Meanwhile, 18 U.S. states have filed a lawsuit against the SEC, alleging that its actions against crypto are unconstitutional. Former CFTC chairman Chris Giancarlo tweeted that he has no interest in running for the next SEC chair position, stating he doesn’t want to “clean up Gary Gensler’s mess.”

Daily Macro

Bitcoin Market Status: Bitcoin failed to break above $100,000 and is currently consolidating.

Bitcoin ETF Activity: Preliminary reports show a net inflow of $490 million last Friday (November 25).

Ethereum ETF Activity: On Preliminary reports indicate a net inflow of $91.209 million last Friday (November 25).

Macroeconomic Data: The Federal Reserve will release the minutes of its November monetary policy meeting.Key economic data to watch this week includes:U.S. Core PCE Price Index (YoY) for October，U.S. Personal Spending (MoM) for October，U.S. Pending Home Sales Index (MoM) for October，U.S. Core PCE Price Index (MoM) for October.

Daily Focus

XLM

Reason for Focus: Over the past week, XLM and other established projects have shown strong performance, with XLM nearly doubling in value within seven days.

Related Token Performance (24H):

XLM: +133%

Market Analysis: Legacy tokens like XLM have been tested over multiple market cycles. While their recent performance is notable, they remain some distance away from their all-time highs (ATH).

Next Focus

MicroStrategy

Reason for Focus:Michael Saylor, the founder of MicroStrategy, hinted at the possibility of acquiring more Bitcoin. In a post on the X platform, he mentioned the need to add more “green dots” on saylortracker.com.

Market Analysis: MicroStrategy’s Bitcoin accumulation strategy has been a bullish driver for Bitcoin prices, with their purchase announcements often attracting significant market attention.

CoinEx Daily:Bitcoin Slight Pullback; MEME Tokens Experience Major Retracement