📊 Daily Market Update📊
🔸 Daily Macro
🔹 BTC: BTC reached a record high but is currently trading at $105K. Altcoins underperformed, with most experiencing pullbacks
🔹 ETFs:
💠 BTC ETFs: $496M net inflow
💠 ETH ETFs: $142.2M net inflow
🔹 Macroeconomics: Markets await tomorrow's FED interest rate decision, with an expected rate of 4.5%
🔸 Daily Focus
🔹 PENGU
🔎 Reason: Following the launch of the PENGU token, Pudgy Penguins saw a 45% decline in token value and a drop in NFT floor prices. It fell to fourth place in NFT market cap rankings, behind BAYC and Infinex Patrons
📉 Performance: -45%
💹 Market Analysis: The launch of PENGU generated high sell pressure, driving token and NFT price declines. Investors should monitor market stability for potential entry points
🔸 Next Focus
🔹 Fuel Network
🔎 Reason: Fuel announced the Fuel Genesis Drop, an airdrop of 1B FUEL tokens (10% of total) targeting 200K+ addresses
💹 Analysis: Eligible users can check their status on the official website for potential gains
🔸 Daily Macro
🔹 BTC: BTC reached a record high but is currently trading at $105K. Altcoins underperformed, with most experiencing pullbacks
🔹 ETFs:
💠 BTC ETFs: $496M net inflow
💠 ETH ETFs: $142.2M net inflow
🔹 Macroeconomics: Markets await tomorrow's FED interest rate decision, with an expected rate of 4.5%
🔸 Daily Focus
🔹 PENGU
🔎 Reason: Following the launch of the PENGU token, Pudgy Penguins saw a 45% decline in token value and a drop in NFT floor prices. It fell to fourth place in NFT market cap rankings, behind BAYC and Infinex Patrons
📉 Performance: -45%
💹 Market Analysis: The launch of PENGU generated high sell pressure, driving token and NFT price declines. Investors should monitor market stability for potential entry points
🔸 Next Focus
🔹 Fuel Network
🔎 Reason: Fuel announced the Fuel Genesis Drop, an airdrop of 1B FUEL tokens (10% of total) targeting 200K+ addresses
💹 Analysis: Eligible users can check their status on the official website for potential gains