PANews reported on November 11 that according to The Block, due to the reduction of regulatory uncertainty after the US election, Dogecoin (DOGE), Cardano (ADA) and Shiba Inu Coin (SHIB) have performed strongly in the past week, rising by about 80%, 85% and 50% respectively, surpassing the 20% of Bitcoin (BTC). Analysts pointed out that after Trump's victory, it is expected that the new government may take a more relaxed attitude towards crypto regulation, especially for meme coins that were previously under greater regulatory pressure, such as DOGE and SHIB.
The Bitwise Europe report shows that Bitcoin whales have recently begun to accumulate BTC again, with a net outflow of 17,400 BTC, while Bitcoin miners' exchange activity is low, alleviating selling pressure. In addition, the funding rate of Bitcoin perpetual contracts has reached its highest point since March 2024, reflecting the strong bullish sentiment in the market.