Crypto Daily Roundup, 05 Nov: "Altcoins Thrive, Bitcoin Remains Calm"

[coingabbarmarket]

Crypto News Key Highlights:
Bitcoin (BTC) held steady around $35,000 while altcoins led a weekend rally. Analysts speculate the Fed might cut rates in March 2024 due to disappointing job data. The next Bitcoin halving coincides with April 2024, adding potential fuel to its rally. CME FedWatch Tool shows a 25.9% chance of a rate cut in March. Over 700,000 new BTC addresses were created, a promising indicator for price prediction. Capital inflows into the crypto market exceeded $10 billion in the last month, indicating strong investor confidence.

In the previous week, the S&P 500 surpassed Bitcoin and Ethereum with a remarkable 6% gain in just four days. The Fed's decision to keep the current interest rate contributed to a significant stock price surge, while BTC and ETH maintained levels above $35,000 and $1,900.

https://www.coingabbar.com/en/crypto-currency-news/crypto-daily-roundup-nov-altcoins-thrive-bitcoin-remains-calm