The global cryptocurrency market capitalization is $2.19T, Up +0.25% from the previous session.The total cryptocurrency market trading volume in the past 24 hours is $84.83B, Down -6.80% from the previous session.Bitcoin dominance currently stands at 56.76%, Down -0.44% from the previous session.
- BTC once approached $64,000 in the early hours of today, and is now consolidating around $63,000. BTC ETF has resumed large inflows, and the overall market sentiment is positive;
- ETH finally started to rise slightly after the overall rebound of the market, and there was no inflow/outflow of funds in the ETH ETF yesterday;
- The altcoin market rebounded sharply, and the meme sector was the best performing sector. MEW, BILLY, and NEIROCTO were the best performing tokens
- In terms of data indicators, today's AHR999 index is 0.71, and the current BTC price is still suitable for long-term fixed investment; the fear and greed index is 54, and market sentiment is gradually warming up.
Market Hotspots
- Meme sector: MEW, TURBO, BILLY, etc. rose sharply, and the overall increase in the meme sector led the market. MEW was launched on the Korean trading market, and the new fiat currency trading pair stimulated the price of MEW.
- Modular blockchain: Modular blockchain protocol tokens such as SAGA, DYM, ALT, and TIA all rose collectively. SAGA is a modular game public chain built on cosmos. The market GameFi sector has recovered, driving the rise of game infrastructure projects. TIA will usher in a large amount of unlocking next month. There is currently a possibility of pulling up the market before unlocking to increase liquidity.
- Solana Ecosystem: SOL returned to $140, with a daily increase of 7%. Solana ecological projects generally rose, with POPCAT, FIDA and others rising sharply. Solana officially announced the launch of the second-generation Web3 mobile phone.
Macro News
The three major U.S. stock indexes all rose by more than 1%, and the 2-year U.S. Treasury yield, which is most sensitive to the Fed's policy interest rate, fell again and is currently at 3.59%. Institutional sources said that the Fed's interest rate cut this time was seen as an "unconventional" start. Historically, the situation of starting with a 50 basis point interest rate cut only occurred in an emergency in the U.S. economy or market. This has triggered market concerns about a "hard landing" of the U.S. economy.
Fear and Greed Index
- Viewpoint: ETH will end its decline, and the interest rate cut will lead to a surge in on-chain activity Favourable InformationETH square
- Analyst: BTC is nearing the end of a typical mid-term correction in the cycle.
- Solana on-chain's largest aggregated trading platform Jupiter releases multiple updates
Currency | Price | % | Market Cap | Volume | Chart | Action |
|---|---|---|---|---|---|---|
$51.15 | +3.13% | $173.17M | $115.85 | -- | ||
$0.02414 | +0.011% | $49.26M | $3.23 | -- | ||
$0.02379 | +0.086% | $35.85M | $382.16 | -- | ||
$0.003805 | +0.46% | $25.92M | -- | -- | ||
$0.1379 | -0.76% | $12.70M | $6.40 | -- | ||
$0.006634 | +2.01% | $1.96M | $13.51 | -- | ||
$0.2316 | +1.74% | $1.54M | -- | -- | ||
$2.21 | +0.00% | -- | $51.49 | -- | ||
$3.18 | +0.82% | -- | -- | -- |