PANews reported on November 11 that EMC Labs, a crypto fund management agency, said in the "EMC Bitcoin Weekly Watch" released this week that the US election has settled and the US stock market has seen a sharp rise. Traders are betting that the certainty of US corporate profits will increase under the environment of tax cuts and low interest rates, and US stocks will continue to rise in the medium and long term. Against this background, BTC ETFs received $1.728 billion in a single week, and the later-developed stablecoin channel received $4.776 billion in a single week, totaling $6.504 billion, the largest single-week inflow since 2024. Last week, BTC broke through the new high consolidation zone of $73,000 and the upward trend line of $75,000, returning to the upward trend line after 8 months, which means the official start of the second half of the crypto bull market. Affected by this, ETH achieved a weekly increase of 29.52%, and various Altcoins also recorded a sharp rise. The BTC Cycle Metrics indicator of the eMerge Engine under EMC Labs shows 0.875, and the market is in an upward period, showing a relatively vigorous upward state. Driven by strong liquidity, BTC is expected to continue to rise in the future, and Altcoins will also usher in a general rise.
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