Market dynamics on November 4: BTC plummeted significantly, altcoins suffered heavy losses, and BTC dominance strengthened; Trump's transactions reversed
I. Market Dynamics
1. BTC plummeted, altcoins crashed, and BTC dominance continued to rise. Trump's trade reversed.
2. U.S stocks rebounded, but the "Stock God" Warren Buffett significantly reduced his holdings.
II. Market Focus
1. Fan coins JUV, LAZIO etc are on the rise. Historically, a rise in fan coins often indicates a market downturn.
2. DEPIN's GRASS surged 3 times its value; GRASS is an AI bandwidth by DEPIN with a market cap of $1.8 billion surpassing IO's $1.2 billion.
3. PNUT from Chain Dog fluctuated greatly in price; PNUT is a euthanized pet squirrel in New York State that became a political meme after being retweeted by Musk at the top of his feed . However, previous slogan pun memes like TROLL,FIGHT and TERMINUS have mostly stopped at the ceiling of $100 million market cap.
4. CATI and DOGS from TON ecosystem led the decline.Since listing on bn,the average unilateral decline for TON ecosystem has been 70%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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