Bitcoin Surges Above $88,000 This Morning Before Retreating

On November 24th, according to Alternative Data, the Fear and Greed Index of cryptocurrencies today has increased to 19 (from 13 yesterday), with a weekly average of 14, suggesting that the market sentiment still remains in a "state of extreme fear". Note: The Fear and Greed Index has a threshold ranging from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

On November 24th, based on CME's "FedWatch": The likelihood of a 25-basis-point rate cut by the Fed in December is 69.4%, and the probability of rates remaining unchanged is 30.6%. The probability of a cumulative 25-basis-point rate cut by the Fed by January of next year is 56.9%, with a 20.8% probability of rates staying the same and a 22.3% probability of a cumulative 50-basis-point rate cut. (FXStreet)

November 24th. Since taking office in January, US President Trump established the Department of Government Efficiency (DOGE) with great vigor in an attempt to reduce the size of the government. Although the department still had eight months remaining in its term, it has now been dissolved. When inquired about the current status of the Department of Government Efficiency, US Office of Personnel Management Director Cooper stated, "It simply no longer exists." Cooper further added that the Department of Government Efficiency is no longer a "centralized institution." This is the first time that the Trump administration has officially confirmed the dissolution of the Department of Government Efficiency. This institution led by Musk and established in January of this year carried out a comprehensive reform of Washington. It rapidly reduced the size of federal agencies, cut their budgets, or redirected their focus towards Trump's priorities. According to the executive orders signed by Trump

On November 24th, according to Coinglass data, the total liquidation within the past 24 hours reached $213 million. The long liquidation was $76.325 million, and the short liquidation was $136 million. During the past 24 hours, a total of 112,820 people were liquidated globally. The largest single liquidation took place on OKX - BTC-USDT-SWAP, with a total of $2.5873 million.

November 24th, Ethereum founder Vitalik Buterin shared in a post regarding the prediction of the "Displaying Account Country" feature: In the short term, it will lead to a lot of positive impacts. In the medium term, experienced players will find ways to disguise themselves as coming from a different country. There are countless means to rent someone else's passport, phone number, IP address, and so on. It would be somewhat challenging to fake 1 million accounts with fake locations, but it would be extremely easy to fake one account with a false location and then operate it to gain 1 million followers. Six months later, those political water army accounts that are actually located in a random Eurasian country but operate under names like "Defenders of Western Civilization" are likely to change their location tags to "USA" or "UK". (The above is what I think will happen, not what I hope to see. What I hope for is: (i) We can truly observe different communities' viewpoints on differ