Overview

Bitcoin experienced a sharp drop to around $94,000 last night before rebounding slightly. Meanwhile, some legacy altcoins, such as XRP, showed strong gains, with XRP surging to around $2.80.

Daily Macro

Bitcoin Market Performance: Bitcoin dropped to $94,000 before a slight rebound.

Bitcoin ETF Activity: Bitcoin ETFs recorded net inflows of $422 million yesterday.

Ethereum ETF Activity: Ethereum ETFs recorded net outflows of $24 million yesterday.

Macroeconomic Data: The U.S. government wallet transferred 19,799.99 BTC, valued at approximately $1.92 billion, fueling market speculations.

Daily Focus

MOODENG

Reason for Focus:

Coinbase announced that it will list the Solana-based meme coin MOODENG on its roadmap, which led to a strong surge in the price of MOODENG tokens.

Related Token Performance:

MOODENG: +82.1% (24h)

How to Participate:

Investors should closely monitor the performance of the MOODENG token following its listing，and other tokens that may be listed on CEX, as this could provide significant investment opportunities.

Next Focus

Sonic

Reason for Focus:

Sonic Labs, previously known as Fantom, has successfully generated its first block on the mainnet, marking the completion of its "Genesis" phase. The project is expected to go live soon. Additionally, the team recently launched the upgraded testnet "Blaze."

How to Participate:

With the mainnet launch anticipated by the end of November or early December, investors should keep an eye on the token's performance after the mainnet goes live.

CoinEx Daily: Bitcoin Rebounds After Sharp Drop; Legacy Coins Show Strong Gains