US Stock Market Close: Mixed Performance Among the Three Major Indices, Cryptocurrency Stocks Experience a General Decline

On November 12th, Arthur Hayes, the co-founder of BitMEX, posted on social media, indicating that the total principal he invested in ZEC has not yet reached the targeted position. If the price were to fall within the range of $300 to $350, he might consider increasing his position.

On November 12th, based on alternative data, today's Crypto Fear and Greed Index stands at 24 (yesterday it was 26), suggesting a change in market sentiment from "Fear" to "Extreme Fear." Note: The Fear Index ranges from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).

On November 12th, as per Coinglass data, the current funding rates of mainstream CEX and DEX show that after undergoing a pullback from yesterday to today, participants still maintain an overall bearish sentiment, as depicted in the specific funding rates in the following chart. BlockBeats Note: The funding rate is a fee set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the Funding Rate is 0.01%, it represents the baseline rate. When the Funding Rate is greater than 0.01%, it indicates a generally bullish market sentiment. When the Funding Rate is less than 0.005%, it indicates a generally bearish market sentiment.

November 12th. Nick Timiraos, a Wall Street Journal reporter renowned as the "Fed Whisperer," stated that internal disputes within the Fed have cast a shadow over the rate-cutting trajectory. During Fed Chair Powell's nearly eight-year tenure, such a level of dissent is nearly unheard of. Officials are divided as to whether persistent inflation or a sluggish labor market poses a greater threat, and even the release of official economic data may not bridge this gap. Despite investors still anticipating a high probability of a rate cut at the next meeting, this division has complicated what appeared feasible less than two months ago.

On November 12th, the U.S. House of Representatives will conduct a vote tonight to determine whether to bring an end to the 42-day U.S. government shutdown. (At 4 p.m. on Wednesday afternoon in Eastern Time and 5 a.m. on Thursday morning in Beijing Time.) Once the government reopens, the market will obtain clear data, which to a certain extent will dispel the current pessimistic uncertainty. Previously, on the morning of the 11th in Beijing Time, the U.S. Senate approved the bill to end the government shutdown and sent it to the House of Representatives. It is noteworthy that currently, XRP ETFs from 5 ETF issuers such as Franklin and Bitwise, as well as Polkadot ETF, DOGE ETF, Sui ETF issued by 21Shares, and Bitwise's Chainlink ETF among several altcoin spot ETFs have been listed on the DTCC (Depository Trust & Clearing Corporation) website. Although this does not signify that the ETF has received any regulatory approval or any definite approval process results, being listed on the

On November 12th, according to the monitoring of Farside Investors, yesterday in Fidelity FBTC, there was a net inflow of $165.9 million. In ARK's ARKB, there was a net inflow of $102.5 million, which reversed the previous net outflow trend of the past few days. Currently, the data of BlackRock's IBIT has not been released.