Key Crypto Events of the Past 24 Hours! 1-Minute Overnight Market Overview | November 24th
TL;DR
Crypto markets rebounded as Fed dovishness boosted rate cut hopes, while sentiment remains fearful. Key events include hacks, delistings, and warnings from major firms.
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🚨A roundup of the hottest Crypto news from last night – get the market focus in just 1 minute!
1⃣ #BTC, #ETH, and #SOL have bottomed out and rebounded, with BTC rebounding nearly 10%. This is due to several dovish comments from Federal Reserve officials over the weekend, raising the probability of a 25 basis point rate cut in December to 68%! Pay attention to today's US stock market performance.
2⃣ Today, the "Fear & Greed Index" rose to 19 (13 yesterday), with a weekly average of 14, indicating that market sentiment remains in a state of "extreme panic".
3⃣ The Coinbase Bitcoin Premium Index has been in negative territory for 24 consecutive days, currently at -0.0287%. Note that the negative premium is narrowing, reaching a low of -0.121%.
4⃣X released IP addresses, showing CZ in the UAE, Star Xu in Singapore, and interestingly, the IP address of the #NTF platform Opensea is in China. Is the editor traveling?
5⃣AIXBT's X account posted a message claiming the PUMPFUN project had collapsed, sparking controversy. However, its Official Twitter hasn't been updated since the 15th. #PUMP's market value has fallen below 2.5 billion. Perhaps MEME is too unpopular.
6⃣ JPMorgan Chase warned that if MSTR is excluded from benchmark indices such as MSCI and Nasdaq 100, it could face a $2.8 billion outflow. Saylor responded: This is alarmist.
7⃣ Bitwise CIO Matt told CNBC: "This is an excellent entry point for long-term investors looking at 2026 and beyond" (BTC was at $83,000 at the time of the interview).
8⃣ #PORT3 token was hacked, with the hacker minting 1 billion tokens and dumping them on a large scale. Binance delisted its contracts, and CM data shows that its market value has dropped to zero.