CoinEx Daily: Crypto Market Surges Across the Board, IP, KAITO Tokens See Explosive Gains

Overview

The crypto market surged across the board today, with Bitcoin breaking through $98,000. Newly launched tokens like IP and KAITO saw significant gains.

Daily Macro

Bitcoin Performance: Bitcoin continued its upward trend, breaking above $98,000.

Bitcoin ETF: Bitcoin ETF saw a net outflow of $253M yesterday.

Ethereum ETF: Ethereum ETF saw a net outflow of $13.1M yesterday.

Macroeconomic Data: Japan's core consumer inflation accelerated in January to 3.2% YoY, marking the highest rate in 19 months.

Daily Focus

IP

Reason for Attention: IP contract prices surged to $9 in the early hours today, a 550% increase from the February 16 low. The 24-hour IP contract trading volume hit $37.93M, second only to BTC contract trading.

Token Performance: IP: +44% (24h)

How to Participate: The market remains uncertain, and similar explosive price movements may occur. Investors should be cautious when trading contracts.

Next Focus

Shadow

Reason for Attention: Shadow Exchange, a native centralized liquidity layer and exchange of Sonic, has seen its native token $SHADOW’s market cap rise from $5M to $31.84M in just one week.

How to Participate: The Sonic ecosystem has been performing strongly, and native projects like Shadow are showing great vitality. Investors should keep an eye on potential investment opportunities.