Overview of important overnight developments on November 9

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Cointime2024/11/08 23:55

By:Cointime

21:00-7:00 Keywords: DXY, USDT, SP 500

1. Coinbase analyst: the macro environment will be favorable in the next 1 to 2 quarters;

2. JPMorgan: the Fed is expected to end its balance sheet reduction in Q1 2025, not by the end of 2024;

3. All three major US stock indexes hit new all-time highs;

4. BTC broke through $77,000, continuing to hit new all-time highs;

5. 1.67 billion USDT flowed from Tether Treasury to exchanges within two days;

6. Tesla's intraday gains expanded to 8%, reaching a new high since April 2022;

7. The SP 500 index surpassed 6,000 points for the first time;

8. The US dollar index DXY broke through 105, rising 0.64% intraday.

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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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14