Let’s explore the key factors and events helping the crypto market rebound on Nov. 10.
Decred (DCR), Starknet (STRK), World Liberty Financial (WLFI), Artificial Superintelligence Alliance (FET), and Pump.fun (PUMP) are among the biggest gainers today. Decred is up over 46%, while PUMP’s gains are over 16% over the last 24 hours.
According to CoinMarketCap’s Altcoin Season Index, current market conditions still favor Bitcoin. As of Nov. 10, the index is at 34/100, which indicates that altcoins continue to lag while Bitcoin maintains its dominance. Nevertheless, the index has been increasing recently. On Nov. 5, it sat at 24/100.
The Senate ended a weeks-long stalemate with a 60–40 vote, clearing the way forward. Optimism is building as lawmakers and analysts anticipate the US government reopening within days.
With improved macro clarity, the crypto market is already reflecting renewed confidence. The total global crypto market capitalization is nearly 4% up within the last 24 hours.
Read more about this in our recent report.
The Depository Trust & Clearing Corporation’s (DTCC) inclusion of several proposed spot XRP exchange-traded funds (ETFs) in its “Active and Pre-Launch” list has become a significant event for the digital asset industry.
The roster features filings associated with Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares. Market participants are closely monitoring the appearance of these products within DTCC’s systems, especially as demand for regulated crypto investment vehicles continues to grow.
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