Overview:

The cryptocurrency market continued its decline over the weekend, with persistent fear dominating the market.

Daily Macro

Bitcoin Performance: Bitcoin continued to decline, briefly dropping below $80,000. It is currently hovering around $82,000.

Bitcoin ETF: Net outflow of $409M on Friday.

Ethereum ETF: Net outflow of $23M on Friday.

Macroeconomic Data: Bitcoin’s market dominance has remained above 60% for over a month since February 2, now standing at 61.25%.

Daily Focus

BTC

Reason for Attention: Bitcoin's continuous decline has dragged down the broader crypto market, pushing sentiment to extreme fear levels.

Token Performance (24h): BTC: -1.62%

How to Participate: The market remains uncertain, and the downward trend may continue. Investors should closely monitor market trends and make informed investment decisions.

Next Focus

Backed

Reason for Attention: Backed announced the launch of tokenized Coinbase stock ($wbCOIN) on the Base network. Users can swap it through CoWSwap, with liquidity provided by Aerodrome.

How to Participate: The project has gained significant market attention, and investors should keep track of its latest developments.

CoinEx Daily: Bitcoin Continues to Decline Over the Weekend, Dropping Below $80,000