Overview

The U.S. job openings data released last night significantly exceeded expectations, indicating that the labor market has not cooled down. This dampened market expectations for a Fed rate cut, leading to a sharp downturn across the crypto market.

Daily Macro

Bitcoin Market Performance: Bitcoin saw a sharp drop, nearing $96,000 at its lowest.

Bitcoin ETF: Bitcoin ETFs recorded a net outflow of $544M yesterday.

Ethereum ETF: Ethereum ETFs saw a net outflow of $86M yesterday.

Macro Economic Data: According to the U.S. Bureau of Labor Statistics' JOLTS report, job openings rose from a revised October figure of 7.8M to 8.1M, exceeding expectations.

Daily Focus

Sonic

Reason for Focus: Sonic launched on January 7. It is a new chain derived from Fantom, featuring a brand-new but fully EVM-compatible virtual machine. Its strong performance post-launch saw its market cap reach $390M.

Related Token Performance: SONIC: +17% (24h)

How to Participate: Sonic’s technical upgrades open up opportunities for exploration within its ecosystem. Holders of the original FTM tokens can convert to SONIC and engage with its ecosystem to seize early investment opportunities.

Next Focus

BIO

Reason for Focus: On January 7, BIO Protocol announced the launch of six new IP tokens covering diverse scientific fields, including Alzheimer’s (CLAW), industrial hemp fibers (HEMPY), ovarian aging (OVARIA), and cryopreservation (CRYORAT).

How to Participate: BIO Protocol’s projects span multiple research areas, driving the growth of the DeSCI sector. Investors should monitor BIO ecosystem token performance and capitalize on emerging opportunities.

CoinEx Daily: Crypto Market Plummets Following U.S. Job Openings Data