Rewards Hub I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
The US dollar surged after nonfarm payrolls rose by 119,000, fueling risk-off sentiment and pressuring crypto. The ECB held rates steady as EU inflation slowed, widening policy divergence with the Fed and increasing forex volatility. Canada and Brazil advanced stablecoin regulation, while India reiterated crypto caution, shaping global digital asset policy.
2.
Crypto Market
The crypto market saw broad declines over the past 12 hours, with BTC down 4.43% to $97,474 and ETH falling 9.27% to $3,144.86, both pressured by ETF outflows and risk-off flows after strong US jobs data. Altcoins also dropped, with FET plunging 12.59%, ATOM down 6.25%, and ZEC losing 3.97%. No sector outperformed, as institutional demand failed to offset macro headwinds.
3.
Today's Outlook
The US September jobs report released today showed nonfarm payrolls rising 119,000, far above forecasts, intensifying risk-off sentiment and likely driving further volatility across crypto and global markets.
Fear and Greed Index
74.00% Annual Percentile
16 Fear
Total Crypto Market Cap
$3.13T
Total Market Trading Volume
$187.10B
Altcoin Season Index
9.09%
Quarterly Percentile
27 / 100
Total Futures Market Open Interest
4.41B
Futures
863.05B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
The US Dollar Index surged to a six-month high after strong non-farm payroll data, reinforcing dollar strength and pressuring BTC and altcoin prices amid global risk-off sentiment.
2.
US non-farm payrolls for September increased by 119,000, far exceeding expectations, which boosted the dollar and contributed to a broad crypto market correction as investors anticipate tighter liquidity.
3.
The Federal Reserve is increasingly divided over a potential December rate cut, with market odds for a cut dropping to 30%, sustaining a hawkish outlook that limits upside for risk assets like BTC and DeFi tokens.
4.
UK inflation fell to 3.6% in October, raising expectations for a Bank of England rate cut in December; this could weaken GBP and potentially drive capital flows into crypto as investors seek higher returns.
5.
The ECB held rates steady as EU inflation slowed to 2.1%, signaling a prolonged neutral stance; this policy divergence with the Fed has led to euro weakness and may increase volatility in crypto-forex trading pairs.
Cryptocurrency Regulatory Trends
1.
Canada has enacted a new Stablecoin Act, establishing federal oversight for stablecoin issuers and requiring registration with the Bank of Canada, which is expected to enhance regulatory clarity and investor protection in the Canadian crypto market.
2.
Brazil has finalized strict new rules for virtual asset service providers, including bank-style licensing and capital requirements, and is moving to tax cross-border stablecoin payments, signaling a major regulatory tightening that could impact stablecoin usage and crypto business models.
3.
Ondo Global Markets received regulatory approval from Liechtenstein to offer tokenized US stocks and ETFs across the European Economic Area, expanding compliant access to on-chain traditional assets for over 500 million investors and potentially accelerating tokenization adoption in Europe.
4.
India’s central bank reiterated its cautious stance on cryptocurrencies and stablecoins, warning of risks such as volatility and money laundering, which may dampen investor sentiment and limit crypto adoption in the Indian market.
Trending Tokens
2.
Cosmos (ATOM): ATOM rose 9.8% in 24h to $3.00, with institutional volume confirming a breakout and ecosystem news fueling a sharp rebound amid increased market volatility.
Smart Money Movements
3.
DDC Enterprise announced the acquisition of 300 Bitcoins, raising its total holdings to 1,383 BTC, marking its largest single purchase to date.
5.
BlackRock transferred $815 million in Bitcoin and Ethereum (6,735 BTC and 64,706 ETH) to Coinbase Prime as part of its spot crypto ETF operations amid significant ETF outflows.
Events to Watch
The US September jobs report is released today, showing nonfarm payrolls rising 119K versus the 51K forecast; unemployment rate at 4.4%.
Nov 20 (Thu)
BOB will conduct its Token Generation Event (TGE); ZENi announces $1.5M seed funding round; Ignition Chain launches on Ethereum with ZK-rollup technology.
Nov 21 (Fri)
Avantis (AVNT) will unlock 401,266 tokens, valued at $173,507, representing 0.04% of total supply and 0.16% of market cap.
Nov 25 (Tue)
The US Producer Price Index (PPI) report for September will be released, providing key inflation data for markets.
III. Phemex Market Focus
New Listings
Datagram is a global, AI-driven Hyper-Fabric Network that delivers real-time connectivity and DePIN cross-network interoperability.
SENTUSDT is a linear USDT-margined futures pair supporting hedge mode with up to 20x leverage.
Phemex Promotions
Celebrate Phemex's 6th Anniversary with Wealth Springs. Join the event to explore exciting opportunities and rewards.
Join the Call of Heroes event as part of Phemex's 6th Anniversary celebrations. Participate to earn exclusive rewards.
Celebrate Phemex's 6th Anniversary with special events and rewards. Don't miss out on the festivities!
Participate in spot trading to share a prize pool of 450,000 USDT and enjoy zero trading fees during the event period.
Take advantage of the 6th Anniversary USDT Savings event. Enjoy competitive rates and grow your savings with Phemex.