Overview

Today, the cryptocurrency market saw minimal fluctuations, primarily due to Bitcoin’s steady performance. While there was no significant movement, trading sentiment leaned towards caution. In the ETF space, both Bitcoin and Ethereum ETFs saw slowed inflows, with the market adopting a wait-and-see approach regarding future ETF developments. Macro-economic data remained stable, with a slight uptick in CPI, though it hasn’t significantly impacted the market yet.

Daily Macro

Bitcoin Market Overview: Bitcoin continues to consolidate around $67,000, with a balance of buying and selling forces. Analysts suggest that the price may remain in this range in the short term, awaiting potential catalysts such as macroeconomic data or regulatory developments.

Bitcoin ETF Activity: On October 21, BTC ETFs saw a net inflow of $298 million, while ETH ETFs experienced an outflow of $25.8 million.

Macroeconomic Outlook

There are signs that market expectations for potential Fed rate cuts in November and December may be exaggerated. Although investors are highly focused on the Fed's future interest rate decisions, analysts point out that the likelihood of rate cuts may not be as high as expected.

Daily Focus

AI Meme

Reason for Attention: The AI meme sector has garnered significant attention recently, especially with discussions around projects like $act and $goat. $goat, funded by Marc, the founder of a16z, is designed to enable interaction between multiple AI agents and humans through an open collaborative synchronization service. Recently, $goat surpassed a $400 million market cap, sparking a wealth effect that has drawn the interest of numerous investors.

Related Token Performance (24h):

$goat: +85%

$slop: +72%

$Fartcoin: +146%

Market Analysis: The future of the AI meme sector appears promising, showcasing how AI agents can interact with humans, driving innovation in the space. If market interest persists and on-chain applications continue to expand, prices could continue rising. However, investors should remain cautious of potential short-term volatility and correction risks.

Next Focus

Scroll Ecosystem

Reason for Attention: Scroll, a prominent ZK-rollup project, recently announced its first airdrop, allocating 7% of the total SCR supply as rewards. This includes community contributors, ecosystem projects, and industry participants. The airdrop is expected to accelerate ecosystem development and draw investor attention.

Related Assets: This airdrop, which distributes 55,000,000 SCR tokens, is expected to increase liquidity and may impact SCR's market price in the short term.

How to Participate: Eligible users can start claiming their tokens on October 22 at 15:00 Beijing time, and must complete the claim within 90 days. Stay engaged with Scroll’s ecosystem growth and actively participate in early projects.

CoinEx Daily：Bitcoin Consolidates and AI Meme Coins Surge