Overview

Today, Bitcoin ($BTC) surged past the 68,000 mark, fueled by strong performance in the US stock market, reflecting growing market confidence. MicroStrategy's stock reached new highs thanks to its increased Bitcoin holdings, while Microsoft is considering adding Bitcoin investment as a shareholder meeting topic. On the macroeconomic side, Trump's plan to abolish federal income tax has garnered significant attention, potentially impacting both the US economy and the cryptocurrency market. Solana ($SOL) continues to be a market highlight, building on its previous momentum.

Daily Macro

Bitcoin Market Situation

Bitcoin ($BTC) surged past the 68,000 mark, driven by strong US stock market performance, signaling increased confidence in the cryptocurrency market. MicroStrategy's stock hit new highs due to its Bitcoin buying spree, while Microsoft is considering including Bitcoin investment as a shareholder meeting item.

Macroeconomic Overview

The strength of the US stock market has significantly impacted the cryptocurrency space. Meanwhile, Trump’s plan to abolish federal income tax has caught the market's attention, with potential ripple effects on both the US economy and crypto markets.

Bitcoin ETF Situation

On October 23, Bitcoin ETFs saw a net inflow of $22 million, while Ethereum ETFs saw a network inflows of $2.7million.

Daily Focus

Solana Ecosystem

Reason for Attention: Solana's on-chain ecosystem projects continue to thrive, with memecoins showing particularly strong performance, and several tokens hitting new all-time highs. The Solana/ETH exchange rate has also been climbing steadily, drawing more market attention. Additionally, infrastructure projects within the ecosystem are maintaining their upward trajectory.

Related Token Performance (24h):

$RAY: +8%

$NOS: +42%

$SOL: +2%

Market Analysis: As more memecoins are launched on the Solana chain, the market could continue its upward trend. However, short-term market corrections should be anticipated.

Next Focus

Aptos Ecosystem

Reason for Attention:Aptos Foundation's collaboration with FLock.io to develop the Move programming language tools is expected to significantly boost the development and innovation within the Aptos ecosystem. Move, known for its efficiency and security, offers unique advantages in supporting on-chain application development. This collaboration is likely to attract more developers to Aptos, enriching the ecosystem and strengthening Aptos’ position in the public blockchain market.

Related Assets:As the Move tools mature, several projects and tokens within the Aptos ($APT) ecosystem are expected to benefit from this technological innovation. For example, $APT has been stable recently, and the increase in development activities could lead to price appreciation. Other projects based on Aptos, such as decentralized finance (DeFi) and NFT applications, could also benefit from the release of new tools.

How to Participate:Investors and developers can get ahead by participating in airdrops and new project tests within the Aptos ecosystem. Currently, Aptos’ active developer community offers multiple opportunities for early-stage investors, including liquidity mining, testnet activities, and supporting projects with Aptos’ toolchain for development and deployment.

CoinEx Daily：Bitcoin Returns to the Key 68,000 Mark and Solana Ecosystem Thrives