CoinEx Daily: Bitcoin Remains in Consolidation; D.O.G.E Involved in 18 Federal Agencies

Overview

BTC remains in a consolidation range; the U.S. government efficiency department (DOGE) led by Elon Musk has intervened in 18 federal agencies, terminating 199 federal contracts and attempting to lay off tens of thousands of federal workers.

Daily Macro

• Bitcoin Market: Bitcoin remains within a consolidation range, while altcoins see a slight rebound.

• Bitcoin ETF: Yesterday saw a net outflow of $250 million.

• Ethereum ETF: Yesterday saw a net outflow of $40.9 million.

• Macroeconomic Data: The U.S. January CPI (unadjusted) came in at 3% year-over-year, the highest increase since June 2024. The seasonally adjusted core CPI for January rose by 0.4% month-over-month, the largest increase since March 2024. These figures dampen market expectations for interest rate cuts.

Daily Focus

ARC

• Reason for focus: The Ai Agent project, ARC, launched its token issuance platform, Arc Forge, and will feature its first project, AskJimmy.

• Related Token Performance (24H):

• ARC: +30%

• Market Analysis: This upgrade has generated considerable buzz for ARC.

Next Focus

BSC

• Reason for Attention: The BSC ecosystem has experienced significant growth.

• How to Participate: Likely influenced by the SEC’s recent decision to pause its review of the Binance case for 60 days, risk-off funds are flowing back into BSC.