Bitcoin Dominance Drops to 60.11%, Altcoin Market Shows Signs of Recovery

Two newly created wallets spent $101K to buy 6.48M $BULLISH over the past 4 days.

On November 8th, according to HTX market data, Bitcoin surpassed $102,000, showing a 24-hour change of 1.1%.

On November 8th, the founder of Binance, CZ, announced that he will be interviewed by Fox News later in the day. This marks his first TV interview since obtaining a pardon.

On November 8th, META announced that it would allocate $6 trillion to U.S. infrastructure and job creation, with a focus on the construction of a cutting-edge artificial intelligence data center.

On November 8th, based on market data, the intraday decline of the U.S. stock market continued to expand. The Nasdaq fell by more than 2.1%, and the S&P 500 Index dropped by 1.29%. U.S. stock crypto concept stocks generally experienced a decline, including: Strategy (MSTR), which fell by 3.17%; Circle (CRCL), which fell by 1.3%; Coinbase (COIN), which fell by 1%; MARA Holdings (MARA), which fell by 6.6%; Riot Platforms (RIOT), which fell by 7.3%; Bitmine Immersion (BMNR), which fell by 1.35%; and SharpLink Gaming (SBET), which fell by 1.4%.

On November 8th, KobeissiLetter put out a market analysis indicating that the U.S. Consumer Confidence Index has fallen to the second lowest level in history and is currently lower than the low point in 2008. Inflation expectations are worsening. The U.S. economy is starting to show a slowdown, and the risk of a recession is on the rise.