The data shows that the risk of the altcoin is very high, and it is dominated by bad news in the short term.

At 8:00 on November 24th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, was 658.68 points, up 1.52% in the past 24 hours, with a turnover of 44.634 billion US dollars. The transaction volume decreased by 49.37% compared with the previous 24 hours. Among the 84 rises, 16 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 575.10 points, up 0.92% in the past 24 hours, with a turnover of 35.267 billion US dollars. The turnover decreased by 57.17% compared with the previous 24 hours; the Bitcoin Bubble Index ( The BBI index was reported at 77.37 points, up 0.32% in the past 24 hours; the USDT OTC Index was at 100.11 points, down 0.50% in the past 24 hours. Bitcoin fluctuated around $7,245 yesterday. After two days of sharp declines and rebounds, the market is currently on the sidelines. In the short term, it is necessary to observe the news. One thing to note is that the current risk of the altcoin is very large, and it is dominated by bad news in the short term, and there is a tendency to differentiate from the inherent income logic of Bitcoin.