The Morning Alpha Show. Nov 13
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In this episode of the Daily Crypto Market Report by Fere AI, Emilie and Erik bring you the latest market-shaking events from November 12 to 13. Bitcoin has reached a new peak of $91,000, with institutions like BlackRock and Fidelity showing renewed commitment to the crypto market through substantial inflows into Bitcoin and Ethereum ETFs. This institutional interest, paired with a large BTC whale withdrawal of 1,100 BTC from Binance, underscores increasing confidence in Bitcoin’s value. On the regulatory front, the SEC approved Coincheck’s listing on Nasdaq, marking a major milestone for crypto exchanges globally, while Italy lowered its proposed crypto tax to 28%, signaling favorable conditions for European investors. In project updates, BNB Chain has teamed up with Google Cloud to support Web3 startups, while Alchemy Pay added Google Pay integration to its Virtual Card, enhancing user accessibility for crypto transactions. The "memecoin mania" is also in full swing after Trump’s announcement of a new “DOGE Agency,” led by Elon Musk and Vivek Ramaswamy, ignited a rally for tokens like $SHRUB, $PNUT, and $HIPPO. Memecoins are gaining traction, further fueled by narratives, community engagement, and a spike in speculative interest. For degen traders, airdrop season is heating up with projects like $XION, $SWELL, and $ZRC distributing rewards. New memecoins like $MEMERY and $APEPE are also hitting the market, promising potential returns for traders looking to ride the memecoin wave. The episode highlights patterns and insights such as the ongoing impact of political figures on the market, steady institutional growth, regulatory progress, and the increasing relevance of Layer 1 blockchains and AI in crypto applications. With the Fear and Greed Index hitting “Extreme Greed” levels, Erik and Emilie caution traders to stay level-headed and prepared for possible volatility. Tune in to the Daily Crypto Market Report for the latest in market trends, regulatory shifts, institutional strategies, and emerging tokens. Fere AI is here to keep you informed and prepared for the fast-paced crypto landscape.
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