Coinex Daily：Bitcoin Rebounds to Around $64,000, Spot Ethereum ETF Expected to Launch on July 23

Overview

Today, the cryptocurrency market experienced a significant surge. Bitcoin's price broke through the $60,000 mark and is currently hovering around $64,000, with market sentiment running high. Ethereum's price also surpassed $3,400, boosting the overall altcoin market. The spot Ethereum ETF is expected to launch on July 23, further stimulating market sentiment. On the macroeconomic front, U.S. CPI came in lower than expected, with clear signs of a potential rate cut, with a 92% chance of a rate cut in September. This macro environment has provided strong support for the cryptocurrency market..

Daily Macro

Bitcoin Market Bitcoin's price broke through the $60,000 mark and is currently oscillating around $64,000. This breakthrough marks a return of market sentiment and suggests a new upward trend. The inflow of funds into Bitcoin ETFs and the improvement in U.S. macroeconomic data are the main factors driving the rise in Bitcoin's price.

Macroeconomic Data The spot Ethereum ETF is expected to launch on July 23, which is a significant positive for the market. BlackRock's managed Bitcoin ETF also shows substantial fund inflows, boosting its assets under management to $10.6 trillion. The launch of these ETFs and the inflows of funds will positively impact the future market trend.

Daily Focus

MEME Coins

Reason for Focus: With the market rebound, leading Meme coins have quickly bounced back. $WIF, $PEOPLE, $PEPE, and $SATS have once again become the main drivers of the rebound.

Performance of Related Tokens:

• $WIF: The price has returned to around $2.2. Social media discussions are also increasing.
• $SATS: The team announced the development of SWAP on the BTC network, and the token might transition from a Meme coin to a utility token. 

Market Outlook: It is expected that as the market recovers, these tokens will continue to maintain high market attention. Investors should continue to monitor macroeconomic developments and the U.S. election trends to capture more market opportunities.

Next Focus

AI Sector

Reason for Focus: The rapid development and widespread application of AI technology give related projects immense potential and appeal. The combination of AI and blockchain technology can offer innovative solutions in data processing, security, and automation, thereby attracting significant investment.

Related Assets: 

ICP (Internet Computer): Recognized as a project in the AI sector, it combines AI with decentralized computing resources, offering broad application prospects. ICP has recently surged over 50%, demonstrating strong growth potential.