A survey conducted by The Wall Street Journal reveals that the overall inflation rate for October is expected to be 2.6%, which is an increase from September's rate of 2.4%. This anticipated rise in inflation underscores the evolving economic landscape and the Federal Reserve's strategic pivot towards labor market conditions as a determinant for policy adjustments. The central bank's approach reflects a broader understanding of economic indicators, emphasizing the importance of employment trends in shaping monetary policy decisions.
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Following the U.S. presidential election on November 5, Bitcoin ETFs saw a sharp rise in inflows, amassing approximately $2.3 billion within three trading days. Farside Investors reports that a group of eleven spot Bitcoin ETFs attracted $622 million in net inflows on Wednesday alone. BlackRock’s iShares Bitcoin Trust (IBIT) achieved record trading volumes, with over $1 billion in net inflows on Thursday, increasing its assets under management to more than $33 billion — surpassing BlackRock’s own iShares Gold Trust.
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On Nov 10, 2024, 05:24 AM (UTC), according to Binance Market Data, Ethereum (ETH) crossed the 3,200 USDT benchmark and is now trading at 3,200 USDT, with a narrowed 7.40% increase in 24 hours.
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