Today is the US inflation data for October. CPI (CPI) and core CPI (Core CPI) will be announced. According to QCP Capital’s analysis, these data may affect the US Federal Reserve’s (Fed) decision to cut interest rates in December. The market expects a final interest rate cut at this meeting with a 70 percent probability. However, in addition to inflation data, it will be announced on November 27. Personal Consumption Expenditures Index (PCE) and Donald Trump’s possible policy changes may also drive the Fed’s decision.
Record Demand for Bitcoin ETFs
Bitcoin 
$87,585The price of (BTC) entered a new phase after approaching the 90 thousand dollar limit. Bitcoin is increasingly recognized as a “treasury asset” by more institutions, governments and companies. Spot Bitcoin ETFRecord demand for ‘s caused activity in the market.
After the US elections spot Bitcoin ETFThere was an inflow of $1.8 billion into the funds, and a net $1.1 billion was added to the funds at the beginning of the week. In total, there was an inflow of $2.28 billion in three days and this increase in inflows is attracting attention in the market. QCP Capital expresses the opinion that this intense demand will push the price of Bitcoin up.
Memecoin Dogecoin on the Rise with New US Department Named “DOGE”
There was also an increase in memecoin activity after the elections in the USA. Especially dogecoin 
$3 (DOGE) rose rapidly after former US President Donald Trump announced that he would establish a new unit called DOGE, meaning “Government Efficiency Department”.
This new department Elon Musk and former Republican candidate Vivek Ramaswamy It was announced that it will be managed by. The department’s goal will be to reduce government bureaucracy and simplify federal institutions. Following these statements, Dogecoin rose nearly 20 percent and climbed to $0.37 in the morning hours.
Dogecoin, which briefly rose to $0.43, rose 153 percent since election day, surpassing Bitcoin’s 30 percent increase in value and surpassing XRP, rising to sixth place by market capitalization.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
