Market dynamics on November 11: BTC breaks through a new high of $80,000, dominance rate plummets; The Federal Reserve is expected to continue cutting interest rates until July 2026

Market Dynamics

1. BTC surges to new highs of $80,000, but Bitcoin dominance falls sharply. Altcoin season arrives as older coins catch up.

2. US stock markets closed on Monday. The Federal Reserve's expected interest rate cuts to continue until July 2026 suggest that the bull market may last until the end of 2025 based on previous early rate hike cycles.

Market Focus

1. Public blockchain ETH rises, with older DEFI tokens like TRB, ALPACA, and YFI seeing significant gains. Markets anticipate regulatory easing in DEFI as Trump is expected to take office.

2. MEME coins such as DOGE, SHIB, NEIRO, MOODENG, GOAT, and PIPPIN surge. Musk's political fan tokens lead the trend; DOGE achieves a market cap of $40 billion, approximately half of all MEME market cap. Only 20% of the top 500 MEMEs outperform DOGE. NEIRO is market made by exchanges, while MOODENG and GOAT are market made by WINTERMUTE.

3. New blockchain SUI breaks new highs, with its market cap nearing 30% of SOL’s, matching the characteristics of a secondary leader.

4. Legacy coins like ADA and EOS experience price recoveries. ADA’s founder might become a crypto advisor to Trump. The highly undervalued TON ecosystem tokens like X and HMSTR recover, with the clicker game X soaring 20 times in one week. The TON ecosystem is primarily market made by DWF.