Yesterday's market was highly volatile due to the release of U.S. CPI data. After a sharp decline, U.S. stocks saw a strong rebound, followed by the crypto market, with Bitcoin (BTC) and Ethereum (ETH) fluctuating significantly. BTC hovered around $57,000, while ETH remained weak. The Fractal Bitcoin ($FB) airdrop continued to attract users, pushing its OTC price higher.

Daily Macro:

Bitcoin Market Performance: Bitcoin continues to fluctuate, driven by the U.S. stock market, hovering around $57,000. Although the rebound momentum has slowed, market sentiment is improving. Analysts predict that if BTC breaks through the resistance level, it could see further gains. However, BTC's correlation with the Nasdaq index remains high, reflecting its close connection to tech stocks.

ETF Performance: Bitcoin ETFs saw a net outflow of $43.9 million yesterday, while Ethereum ETFs experienced a net outflow of $50,000.

Daily Focus:

Fractal Bitcoin Airdrop and CAT20 Protocol Update

Reason for Focus: The Fractal Bitcoin $FB airdrop continues to generate market buzz. The Fractal network has introduced the CAT20 protocol, which requires users to mint tokens by running nodes, sparking a rush for coding. Gas fees reached 1000 Gwei at peak minting times, attracting significant attention from users.

Related Token Performance: The OTC price of $FB rose to $20, with a 5% increase over the past 24 hours. The launch of the CAT20 protocol has also brought more users and liquidity to the Fractal network.

Market Outlook: As the Fractal Bitcoin network continues to develop and the CAT20 protocol gains traction, the project is expected to attract more users. The demand for $FB is likely to increase, along with its price.

Next Focus:

Liquity V2 Launch

Reason for Focus: Liquity V2 is set to launch soon, introducing a new staking module for LQTY tokens, with 25% of the protocol’s revenue allocated to liquidity providers. This update is expected to drive greater demand for LQTY tokens.

Related Assets: The update could boost the price of Liquity's $LQTY token. Other DeFi tokens like Aave and Maker could also benefit from increased demand for staking and liquidity.

How to Participate: Investors can participate in Liquity’s V2 staking module to earn additional rewards and should stay updated on the launch timeline for this feature.

CoinEx Daily: BTC Continues Testing the $58K Resistance, CPI Data Causes Market Volatility, Fractal Bitcoin Airdrop Gains Momentum