Gate Research: BTC Consolidates Near ATH, ETH Breaks $3,500, Pump.fun Suspends Live Streaming

Gate Research Weekly Review: This week, BTC price fluctuated widely, ranging mainly between $90,500 and $99,500. ETH surged 18.14%, currently trading at $3,603.7, strongly breaking through the $3,500 resistance level. XLM led the altcoin sector with a seven-day gain of 102.7%. Pump.fun suspended its live streaming feature on November 26 pending improvements to its review mechanism. The platform captured over 62% of Solana ecosystem DEX trading volume in November. Partior secured $20 million in Series B1 funding on November 27, with several traditional financial institutions participating.

Market Analysis: BTC price fluctuated widely this week, moving between $90,500 and $99,500. ETH surged by 18.14% to reach $3,603.7, successfully breaking through the $3,500 resistance level.

Weekly Spotlights: Pump.fun announced the suspension of its live streaming feature on November 26 until review mechanisms are improved. The Fed's interest rate cuts may slow down or pause, with a neutral rate outlook.

Data Highlights: Pump.fun accounted for over 62% of Solana ecosystem DEX trading volume in November. Stablecoin trading volume has surged to $1.8 trillion this month.

Market Opportunities: This week's featured airdrop project is Bless—a shared computing protocol that connects idle devices with computational tasks automatically. Users earn rewards by letting their devices run applications and websites.

What to Watch Next Week: Taiwan will implement VASP （Virtual Asset Service Provider） registration system ahead of schedule on November 30. On December 4, the U.S. will release November's ADP employment data—a report that significantly influences financial markets. Strong employment figures could boost market confidence, while weaker-than-expected data might raise concerns.

Deep Dive into This Week's Review 👉🏻 Gate Research：BTC Consolidates Near ATH, ETH Breaks $3,500, Pump.fun Suspends Live Streaming

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Gate Team
Nov 29th, 2024