On November 13th, QCP Capital released a research report stating that "Bitcoin (BTC) has entered a new stage, consolidating its position as a treasury asset held by more and more enterprises, governments, and institutions as it approaches the 90,000 US dollar mark. The demand for Bitcoin ETFs has set a new record, with a huge inflow of 2.28 billion US dollars in just three days. After the US election last week, Bitcoin ETFs attracted 1.8 billion US dollars in funds, and this week started strong with a net inflow of 1.1 billion US dollars. Obviously, the market is adapting to Bitcoin's new highs, and demand has never been stronger.

On the other hand, the activity of meme coins has also accelerated. DOGE skyrocketed on Tuesday night, continuing its rebound after Trump announced the establishment of the "Efficiency Department of Government" (abbreviated as "DOGE") after the election. Elon Musk and former Republican candidate Vivek Ramaswamy will lead this new department, planning to "dismantle government bureaucracy, reduce excess regulations, and streamline federal agencies." DOGE once soared nearly 20% to a trading price of 0.37 US dollars in the morning, briefly touching 0.43 US dollars. Since election day, DOGE has risen by 153%, outperforming Bitcoin's 30% rise, and has recently surpassed XRP, jumping to the sixth largest market value. Today's focus is on the release of CPI and core CPI, with CPI and core CPI expected to stabilize at 0.2% and 0.3% in October, and annualized CPI expected to rise by 2.6%. The market is pricing in the last rate cut of the December meeting with a probability of 70%, but today's CPI data, the PCE data to be released on November 27th, and Trump's possible policy changes may all affect the Fed's final decision."