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The inflows come amid a slight market recovery as BTC rebounds from its monthly low, over growing pro-crypto stance from the Trump administration.

“Historically, CME gaps are filled eventually,” one analyst said.

“At this point, memecoins are synonymous with ‘pump and dump’ schemes,” says FRNT Financial.

Crypto investors have high hopes for the incoming administration, including potential digital asset-focused executive orders that could add fuel to the rally.

The latest price moves in crypto markets in context for Nov. 7, 2024.

BlackRock’s iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.