Bitcoin spot ETF: Trading volume exceeds $1 billion within 30 minutes of opening

The current total market value of cryptocurrencies is $3.62 trillion, with a 24-hour growth of $48.793 billion, an increase of 1.36%. Among them, the market value of Bitcoin accounts for 57.15%, and the market value of Ethereum accounts for 11.53%.

OKX-BTC/USDT is currently trading at $104017.50, up 0.31% in 5 minutes. Please be aware of market fluctuations.

[Barclays: If Repo Rates Remain Elevated, the Fed May Need to Intervene] Barclays strategist Samuel Earl stated in a report that if repo agreement rates return to above or at the upper end of the effective federal funds rate target range and persist for several weeks, the Federal Reserve may need to adjust its policy. Earl pointed out that the repo market is a key driver of federal funds rate trends, and officials need to monitor situations where repo rates remain at or above the upper limit of the range. The Fed may need to increase reserves through more repo lending or direct purchases of Treasury bills.

[Federal Reserve Governor Milan: Market Core PCE Near 2%] Federal Reserve Governor Milan stated that the market-based core Personal Consumption Expenditures (PCE) is closer to 2%. He also emphasized that policy should not mechanically react to stock market increases.

[Federal Reserve Governor Milan Says Further Rate Cuts Remain Reasonable] On November 6, Federal Reserve Governor Milan stated that further rate cuts remain reasonable.