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1Bitget Daily Digest (Nov 5) |BTC Drops Below $100K Amid Market Panic; Chainlink Conference Focuses on TradFi–DeFi Integration; Perp DEX October Volume Hits $1.75 Trillion2Research Report|In-Depth Analysis and Market Cap of Momentum (MMT)3Bitcoin (BTC) Testing Key MA Fractal Support — Will It Repeat the Bounce Back?
Flash
- 03:20DeFiance Capital founder: If BTC drops another 20%, retail investors' wealth losses may exceed the levels seen in the 2022 bear marketChainCatcher news, DeFiance Capital founder Arthur (@Arthur_0x) posted on X, stating that even if no major entity or protocol collapses due to large-scale misinvestment, as long as the price of bitcoin drops another 20%, the wealth loss of retail investors in this round of the cryptocurrency market could be even greater than the wealth loss during the 2022 bear market. Risk Warning
- 03:20Zohran Mamdani elected as New York City Mayor, defeating former pro-crypto innovation Mayor Andrew CuomoChainCatcher News, according to the Associated Press, Democratic candidate Zohran Mamdani has been elected Mayor of New York City, defeating former Mayor Andrew Cuomo, who had pledged to promote cryptocurrency innovation.
- 03:19Capital Economics: Asian stock market correction reflects bearish sentiment in US stocksAccording to ChainCatcher, citing Golden Ten Data, Thomas Mathews, Head of Asia-Pacific Markets at Capital Economics, stated that the pullback in Asian stock markets appears to be a direct response to yesterday's decline in U.S. tech stocks. In particular, the South Korean stock market has performed strongly recently, so when sentiment shifts, their losses are also greater. Mathews expressed doubt as to whether the sell-off in U.S. tech stocks would intensify and persist, believing that compared to the U.S., valuations in Asia remain low, which may limit the downside risk of a global sell-off.