Overview

Bitcoin (BTC) attempts to break $64,000 following the new high in U.S. equity indexes, before retracing below $63,000, while the ETH/BTC pair shows signs of recovery. Macroeconomic updates from the Bank of England and Bank of Japan point to stability in rates, though future cuts and hikes are anticipated. Base Meme Tokens have shown notable resilience, benefiting from the ecosystem’s growth in meme and SocialFi. Additionally, attention shifts to the launch of the $CATI token of the Catizen mini-game, which could offer strategic positioning within the Ton ecosystem.

Daily Macro:

Bitcoin Market Performance: Following the new highs in U.S. equity indexes, Bitcoin approached the $64,000 mark before retracing below $63,000. The ETH/BTC pair is showing signs of recovery, attempting to bounce back above 0.04.

ETF Performance: According to the latest data, Bitcoin ETFs recorded a significant net inflow of $158.3 million, signaling strong investor interest. In contrast, Ethereum ETFs saw no net inflow or outflow.

Macroeconomic Data:

Bank of England: The BoE held interest rates steady at 5% during the 19 September meeting, in line with market expectations. However, markets are anticipating further rate cuts.

Bank of Japan: The BoJ is expected to maintain its current interest rate at 0.25% in today’s meeting but signal potential rate hikes in the coming months.

Daily Focus

Base Meme Tokens Showed Strength

Reason for Focus: Amidst a broader rebound in the meme sector, Base Meme Tokens have demonstrated relative strength. The resurgence of this sector is primarily driven by the growth of meme and social-fi applications on the Base chain, which is solidifying its unique ecosystem.

Related Token Performance (24H):

KEYCAT: +39.51%

MFER: +25.42%

DEGEN: +16.93%

MOCHI: +6.63%

BRETT: +3.76%

Market Outlook: The Base chain’s total value locked (TVL) has held steady at $1.7 billion, despite overall market stagnation. As the community consensus strengthens, there is potential for further growth. Projects within the Base ecosystem could see enhanced rebounds, provided this community-driven momentum persists and expands.

Next Focus

CATI Token Launch

Reason for Focus: The highly anticipated $CATI token from the Catizen mini-game on Telegram is set to launch today. Catizen has garnered an impressive user base of 39.9 million, with 9 million subscribers on its channel.

How to Participate: Investors may consider positioning themselves in the $CATI token post-launch, particularly if they view it as a strategic entry into the Ton ecosystem.

CoinEx Daily: BTC Attempts to Break $64,000; Eyes on $CATI