CoinEx Daily: Bitcoin Makes a Strong Recovery; Trump Delays Tariffs

Overview

BTC rebounded to $102,000; Trump stated that the decision to postpone the anticipated tariffs on Mexico for one month and to suspend the tariffs on Canada for at least one month.

Daily Macro

Bitcoin Market Status:  Bitcoin made a strong rebound; the crypto market generally saw significant recovery.

Bitcoin ETF Activity: $234 million net outflow yesterday.

Ethereum ETF Activity: $83.6 million net inflow yesterday.

Macroeconomic Data: Trump signed an executive order on Monday instructing the Treasury and Commerce Departments to establish a sovereign wealth fund. Treasury Secretary Scott Basent has expressed some interest in cryptocurrencies, while Commerce Secretary nominee Howard Lutnick is a staunch supporter of the crypto industry.

Daily Focus

WLFI

Reason for Focus: WLFI transferred $300 million worth of assets to Coinbase Prime, claiming it was part of asset management and business operations. Shortly after, the project unstaked 19,423 stETH to ETH and spent another $5 million in USDC to purchase 1,826 ETH at a price of $2,738.

Related Token Performance (24H):

ETH：: +12%

Market Analysis: This move by WLFI triggered some discontent within the community, as there is no concrete evidence to show that assets were not sold.

Next Focus

Crypto Policy

Reason for Focus: According to FOX reporter Eleanor Terrett, “Tomorrow will be a busy day for cryptocurrency policy in the U.S. Congress.”

Market Analysis: Given that both the Treasury Secretary and Commerce Secretary nominees are supporters of the crypto industry, this news boosted market confidence.