CoinEx Daily: Bitcoin Hits $86K Low, Crypto Market Crashes, Slight Rebound Overnight

Overview

Last night, the crypto market collapsed, with Bitcoin briefly dropping to $86,000. Altcoins also saw a broad 10% decline.

Daily Macro

Bitcoin Performance: Bitcoin hit a low of $86,000 before slightly recovering today, currently trading at $89,000.

Bitcoin ETF: Net outflow of $776M yesterday.

Ethereum ETF: Net outflow of $50M yesterday.

Macroeconomic Data: U.S. stock market saw mixed performance on Tuesday. The Dow gained 0.37%, the S&P 500 dropped 0.47%, and the Nasdaq fell 1.35%. Major tech stocks mostly declined.

Daily Focus

BTC

Reason for Attention: Bitcoin’s price plays a crucial role in shaping overall market sentiment. The recent downturn has raised concerns about the future of the crypto market.

Token Performance: BTC: +2.05% (24h)

How to Participate: Bitcoin is expected to remain volatile. Investors should closely monitor macroeconomic conditions and price movements to safeguard their capital.

Next Focus

ETH

Reason for Attention: The Bybit hacker laundered 45,900 ETH ($113M) in the past 24 hours. In total, they have now moved 135,000 ETH ($335M), nearly one-third of the stolen amount.

How to Participate: The stolen ETH may create strong selling pressure on the market, affecting ETH and related tokens. Investors should monitor market movements closely.