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Bitcoin’s recent drop below its realized price points to bearish trends, with potential lows of $66,575 if selling pressure persists.
Some developing countries are viewing Bitcoin as a means to achieve financial autonomy and reduce reliance on the US dollar.
DOGE has dumped the most from the larger-cap alts.
Quick Take This is an excerpt from the thirteenth edition of The Funding sent to our verified subscribers on Nov. 3. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Coins LUCE, GRASS, and ZEREBRO are trending on Solana, showing strong demand, transaction growth, and potential for gains.
The accusations led to swift action from OpenEden, which terminated Ng, and DWF Labs, which withdrew its funds and condemned his alleged behavior.
As Solana's price remains above critical support levels, explore what analysts expect for SOL in November following its impressive October rally.
- 18:35EU Reportedly Will Accept Trump’s Broad Tariffs but Seeks Key ExemptionsAccording to sources cited by Jinse Finance, the European Union is willing to accept a trade agreement reached with the United States, which includes a general 10% tariff on many EU export products. However, the EU hopes the US will commit to lower tariffs for key industries such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft. The EU is also pushing for the US to set quotas and exemptions to effectively reduce the 25% tariff on automobiles and auto parts, as well as the 50% tariff on steel and aluminum. Sources indicate that EU trade chief Maros Sefcovic will lead a delegation to Washington this week to advance the negotiations. The European Commission also wants to ensure that both the current sectoral tariffs imposed by the US (such as those on cars and metals) and any future tariffs planned by the US are addressed.
- 17:26US 10-Year Treasury Yield Hits Lowest Level Since Early JuneAccording to Jinse Finance, the yield on the US 10-year Treasury note has fallen to its lowest level since early June, dropping by 4.3 basis points to 4.241%.
- 17:04Goldman Sachs Moves Fed Rate Cut Forecast Up from December to SeptemberOdaily Planet Daily News According to market sources: Goldman Sachs has moved up its forecast for the Federal Reserve's interest rate cut from December to September. (Jin10)