Overall market trend:
BTC is currently in a state of weak volatility, while altcoins have shown a certain degree of rebound after experiencing oversold. Due to the rapid decline in the market in the early stage, it is currently in a sideways consolidation stage, waiting for the convergence of the moving average. At the same time, the US stock market is also in a wait-and-see state, mainly waiting for Powell's speech on Capitol Hill.
Market hot spot analysis:
ETH ecological rebound: ENS, TIA, DYM, XAI and other currencies in the ETH ecosystem are rebounding. It is expected that the ETH ETF may be approved next week.
The XAI team decided to lock the circulation for 6 months, from 71% to 36%. TIA plans to unlock 120% of its circulation at the end of October.
Meme coin rebound: The Meme coin sector is still strong, and currencies such as NOT, BONK, and PEPE have rebounded sharply.
Public chain SOL rebound: SOL coin prices are rebounding, but its ETF may only be passed if Trump is elected.
BILLY coins in the SOL ecosystem have risen by 60%, close to a record high. According to reports, WIF's bookmaker Ansem may be actively building a position in BILLY.
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