CoinEx Daily: Bitcoin Plunges Again, Drops to as Low as $82K

Overview

Bitcoin faced another sharp decline tonight, briefly dropping to $82,000. Meanwhile, some altcoins saw a slight recovery.

Daily Macro

Bitcoin Performance: Bitcoin experienced another sharp drop tonight, reaching as low as $82,000.

Bitcoin ETF: Net outflow of $337M yesterday.

Ethereum ETF: Net outflow of $24M yesterday.

Macroeconomic Data: Federal Reserve’s Bostic stated that he expects two rate cuts this year, but uncertainty remains high.

Daily Focus

BTC

Reason for Attention: Bitcoin's continuous decline is affecting investor sentiment regarding the market's future. Bitcoin’s price plays a crucial role in shaping the overall crypto market trend.

Token Performance: BTC: -2.99% (24h)

How to Participate: Bitcoin remains volatile, and further declines are possible. Investors should closely monitor macroeconomic conditions and price trends to safeguard their capital.

Next Focus

Safe

Reason for Attention: Safe is a widely used multisig wallet in the crypto space. Bybit's mid-term report on the $1.5B hack revealed that the breach was caused by a vulnerability in Safe’s infrastructure, while Bybit’s own infrastructure remained intact.

How to Participate: The aftermath of the hack, including Safe’s compensation plans and security improvements, is worth monitoring. Investors should keep an eye on further developments.