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Market dynamics on November 6: BTC surges, altcoins generally rise, market focus is on MEME and AI

Market dynamics on November 6: BTC surges, altcoins generally rise, market focus is on MEME and AI

Bitget2024/11/06 02:30

I. Market Dynamics

1. BTC has surged, and altcoins have generally risen. The main market trend still revolves around MEME and AI.

2. U.S stocks are rising. The U.S election is in a deadlock, but regardless of who wins, U.S stocks will rise.

II. Market Focus

1. Trump-related concepts DOGE, PEOPLE, MASK, SCR lead the surge. Trump family's DEFI project WFL was issued on the SCROLL chain. If Trump takes office, tariffs would cause the yuan to depreciate against the dollar.

2.MEME's PEPE,WIF,TURBO,PNUT,MICHI,FWOG,SIGMA,RETARDIO,GIGA etc., have surged significantly.MEME and AI rebounded first which is the main market trend.SIGMA、RETARDIO、GIGA under MURAD concept hit new highs.

3.AI sector’s GOAT、TAO、GRASS、FET、PHB etc., are on rise.U.S stock continues to hype up AI as its main line.GOAT also possesses both AI and MEME trends simultaneously.

4.New public chains SUI,SAGA rebounded.SUI performance is outstanding,and it is considered by market as next round’s SOL.

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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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