The total global cryptocurrency market capitalization is approximately $2.93 trillion, up about 1.8% in the past 24 hours, with a 24-hour trading volume of about $84.5 billion. Bitcoin accounts for about 58%. The Fear and Greed Index is at 63, in the greed zone (CoinGecko shows neutral at 48, with overall market sentiment recovering from last week's slightly neutral stance). The market has rebounded from the mid-October low, with BTC climbing back above the $84,000 mark, risk appetite warming up, but still some distance from previous highs. Major coin prices (data source CoinGecko, approximately early Beijing time): • Bitcoin (BTC): $84,435, up 1.9% in 24 hours • Ethereum (ETH): $2,484, up 1.2% in 24 hours • Solana (SOL): $107.46, up 0.7% in 24 hours • BNB: $747.92, up 1.0% in 24 hours • XRP: $1.37, up 2.9% in 24 hours • Dogecoin (DOGE): $0.08225, up 0.6% in 24 hours Exceptionally strong coin: Zcash (ZEC) around $1,343, up about 5.9% in 24 hours, with a more significant 7-day increase, as the market focuses on its upcoming NU7 upgrade. Overnight highlights: Bitcoin price has climbed back above $84,000, once approaching around $84,700 intraday, triggering

The market is once again willing to pay for AI. On Wednesday, all three major U.S. stock indexes rose, led by the Nasdaq. The S&P 500 closed higher for the third consecutive day, just under 1% away from the historic high set earlier this month. The S&P 500 closed at 7757.17 points, up 0.58%; the Dow Jones rose 360 points to 52856.09, up 0.69%; the Nasdaq increased 1.05% to 26702.86 points. The technology sector rose 1.61%, the largest contributor. The communication services sector fell 1.33%, mainly dragged down by Netflix. What truly lifted the market was SpaceX. The company announced its first profit since going public, with Q3 revenue surging significantly and AI-related business (Super Intelligence) revenue soaring more than eightfold year-over-year. Its stock closed up nearly 8%, around $159. Elon Musk later stated that SpaceX and Tesla have formed a committee to discuss a merger, with Tesla rising 3.4% that day. Nvidia also rose about 2.5%. AMD surged on raised revenue forecasts, further reinforcing the narrative that "AI demand is still strong." But not all growth stocks benefited from this wave. Netflix fell over 5% due to weak advertising revenue outlook, hitting a more than one-year low intraday. AT&T also dropped sharply as the market worries that SpaceX’s spectrum purchases could make it a stronger competitor. The 10-year U.S. Treasury yield rose to about 5.15%, putting pressure on the real estate sector, but it couldn’t stop the tech stock rebound. What the market is trading on now is that AI investments are starting to show verifiable profits, at least temporarily proven by SpaceX.