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Crypto Markets Daily Nov 12 2024
Four of the five worst performing large-cap tokens over the last 7 days are stablecoins: USDC, USDT, and Dai, First Digital USD. They haven’t depegged, they just haven’t rallied like everything else. AI and compute-related tokens populate much of the list of top performers – the category, like DeFi and other developer-reliant categories, stands to benefit from the incoming administration’s promised regulatory push. BTC Spot ETFs saw another inflows of $1.1B on Monday. All U.S. Spot ETFs have recorded net inflows of $8.3B since Oct 10, totalling 31% of their total inflows of $26.97B since launch.
November 12, 2024
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