CoinEx Daily: BTC Follows U.S. Stock Market Movements, Fractal Bitcoin ($FB) and CAT20 Protocol Continue Leading the Market

Overview

A strong rally in U.S. stocks led to a slight rebound in the cryptocurrency market, with BTC closely following stock movements. Ethereum ($ETH) remained relatively weak, while Fractal Bitcoin ($FB) and the CAT20 protocol continued to lead the market, driving an increase in active addresses and token prices.

Daily Macro:

Bitcoin Market Performance: Bitcoin closely tracked U.S. stock movements, with its price nearing $58,000. Although the overall gains were limited, market sentiment is gradually improving.

ETF Performance: Bitcoin ETFs saw net inflows of $39 million yesterday, while Ethereum ETFs experienced outflows of $20.1 million.

Daily Focus:

CAT20 Protocol Boom

Reason for Focus: The Fractal Bitcoin ($FB) airdrop remains highly popular, and the CAT20 protocol has sparked a surge in minting activity. Gas fees reached as high as 7,000 Gwei during peak minting times, attracting significant user attention.

Related Token Performance: $FB's price surged to $34, doubling from the previous day. CAT20 token minting progress has surpassed 25%, with network activity and user participation continuing to rise.

Market Outlook: Fractal Bitcoin and the CAT20 protocol are expected to keep attracting more users, with demand and prices for $FB likely to continue rising, making it a key market focus in the near term.

Next Focus:

Trump’s DeFi Project

Reason for Focus: Trump’s World Liberty Finance ($WLF) DeFi project is set to launch on September 16. This project could significantly impact cryptocurrency policies and the broader market.

Related Assets: Political MEME tokens like $DMAGA and $KAMA may experience volatility as Trump’s project is launched. Investors should closely monitor market developments.

How to Participate: Investors can position themselves in related MEME tokens ahead of the project launch and stay updated on the latest announcements from Trump’s team.