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Monday filings omitted ETF fees; final updates, including fees, are expected before launch, according to analyst Eric Balchunas.
A recently-emerged Solana-based meme coin saw its price skyrocketing after Messi’s endorsement.
Brazilian football legend Ronaldinho appeared to promote the WATER Solana memcoin on his Instagram.Lionel Messi’s Instagram account posted a similar story promoting the memecoin on Monday.
A local bottom has been potentially reached for bitcoin, and the derivatives market indicates that the digital asset’s price is beginning to stabilize, according to Bitfinex analysts.Bitcoin’s price has traded flat over the past 24 hours, holding above the $57,000 mark, according to The Block’s Price Page.
The crypto market may have further to fall according to one prominent technical analyst who has fingered futures traders for exacerbating the losses.
- 07:55Matrixport: Altcoins are underperforming, Bitcoin's dominance rises to 60%Matrixport released a chart stating that, driven by multiple positive factors, Bitcoin's market dominance steadily rose from 50% to 60% in 2024. This trend reflects the strong support of Bitcoin in the entire crypto market. More and more traditional finance (TradeFi) investors are allocating Bitcoin through ETFs, and the proportion of CME Bitcoin futures' open contracts in total Bitcoin futures trading volume is also significantly increasing. At the same time, altcoins are limited by declining user activity and token unlocking pressure, forming a stark contrast with the explosive growth during the DeFi boom period of 2020-2021. Now, investors seize opportunities to gradually transfer their crypto assets to Bitcoin, validating Michael Saylor's view: "The only choice is the best choice."
- 07:51Bitfinex Analyst: The market adopts a wait-and-see attitude before the US election, volatility may surge significantly after the electionThe Bitfinex analyst stated, "Despite the general market expectation of increased volatility before the U.S. election on November 5th, many market participants seem to be hesitant and have adopted a wait-and-see attitude. However, significant fluctuations are still expected in the short term after the election, which could 'drive major trends', or if they do not occur, it could be a warning signal for Bitcoin to undergo a 'deeper correction' in a shorter period of time."
- 07:36Musk: Trump will win Pennsylvania by a margin of about 500,000 votesMusk posted on X stating that the following are the early voting increments of swing states where Republicans subtract Democrats before tomorrow (daytime on November 5). On Election Day, the Republican voting rate is usually much higher than that of Democrats, so any state currently leaning towards Republicans in early voting is likely to side with Trump. Although Pennsylvania still leans towards Democrats, it has a high voter turnout on Election Day. If the number of people who vote for Trump in person this time is the same as last time, he will win by about 500,000 votes (an overwhelming advantage).
