News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
1Bitget Daily Digest (Nov 21) | U.S. September Nonfarm Payrolls Unexpectedly Increase by 119,000; BTC Falls Below $86,000, Crypto Market Sees $834M in Liquidations; OpenAI Launches ChatGPT Group Chat Feature Globally2Bitcoin slump to $86K brings BTC closer to ‘max pain’ but great ‘discount’ zone3Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut
Flash
- 21:32NYDIG: ETF Outflows, Stablecoin Flows, and DAT Indicator Reversal Signal Crypto Capital FlightJinse Finance reported that Greg Cipolaro from NYDIG stated that the decline in bitcoin prices is driven by market structure mechanisms rather than sentiment, and key sources of demand are reversing. Spot bitcoin ETFs have continued to see capital outflows (with $3.55 billion outflow in November), while stablecoin supply is decreasing, indicating that capital is leaving the market. Cipolaro warned that the market may experience higher volatility in the short term, but he still maintains a long-term bullish outlook and advises investors to be prepared for volatility.
- 20:35USDe supply surpasses 7.4 billions, reaching a new all-time highAccording to Jinse Finance, data from the DeFilama platform shows that as of November 24, the supply of USDe has surpassed 7.4 billion, reaching 7.416 billion, setting a new all-time high.
- 19:26Crypto lawyer Khurram Dara: New York State's Bitcoin license BitLicense is an illegal regulationJinse Finance reported that, according to crypto journalist Eleanor Terrett, crypto lawyer Khurram Dara stated in his first interview after announcing his candidacy for New York State Attorney General that the New York State Bitcoin license (BitLicense) is an illegal regulation that infringes upon the economic rights of crypto companies intending to conduct business in the state.