CoinEx Daily: Bitcoin Rebounds Slightly amid Macro Weakness and Rising Stablecoin Activity

Daily View

Bitcoin sees a mild recovery, highlighted by a significant block reward for an independent miner and all-time high non-liquid supply, yet remains in a consolidation phase supported by cautious analyst sentiment. Macro data show US long-term unemployment rates surpassing most historical recessions, prompting expectations of rate cuts by the Federal Reserve. Meanwhile, stablecoin adoption soars in regions like Venezuela, and institutional activity remains evident in both Bitcoin and Ethereum ecosystems.