📊 Daily Market Update 📊
🔸 Daily Macro
🔹 BTC Status: BTC dropped below $100k, with the broader crypto market seeing notable declines.
🔹 ETFs:
💠 BTC: $279M net inflow
💠 ETH: $2.24M net inflow
🔹 Macroeconomics: The Federal Reserve announced a 25 basis point rate cut, in line with market expectations.
🔸 Daily Focus
🔹 ARC
🔎 Reason: ARC, an AI agent-driven meme project, has gained traction with its development of a LLM-based concept called Rig.
📈 Performance: ARC: +44.5%
💹 Market Analysis: The AI meme niche is gaining popularity, and ARC is emerging as a standout project in this space.
🔸 Next Focus
🔹 FED
🔎 Reason: U.S. interest rate futures suggest the FED will likely cut rates by 49 basis points in 2025, aligning with the Fed’s dot plot prediction. Fed Chair stated: “We are not permitted to own Bitcoin, nor do we wish to change the law”
💹 Market Analysis: Powell's remarks and adjustments to rate expectations have dampened market sentiment, contributing to a negative crypto outlook
🔸 Daily Macro
🔹 BTC Status: BTC dropped below $100k, with the broader crypto market seeing notable declines.
🔹 ETFs:
💠 BTC: $279M net inflow
💠 ETH: $2.24M net inflow
🔹 Macroeconomics: The Federal Reserve announced a 25 basis point rate cut, in line with market expectations.
🔸 Daily Focus
🔹 ARC
🔎 Reason: ARC, an AI agent-driven meme project, has gained traction with its development of a LLM-based concept called Rig.
📈 Performance: ARC: +44.5%
💹 Market Analysis: The AI meme niche is gaining popularity, and ARC is emerging as a standout project in this space.
🔸 Next Focus
🔹 FED
🔎 Reason: U.S. interest rate futures suggest the FED will likely cut rates by 49 basis points in 2025, aligning with the Fed’s dot plot prediction. Fed Chair stated: “We are not permitted to own Bitcoin, nor do we wish to change the law”
💹 Market Analysis: Powell's remarks and adjustments to rate expectations have dampened market sentiment, contributing to a negative crypto outlook