Market Dynamics on July 10: Altcoins rebounds after drastic fall, dovish remarks from Powell
I. Market Dynamics
1. BTC is weak and fluctuating, with altcoins rebounding after a sharp drop. The market lacks liquidity, as speculative funds move from one place to another.
2. U.S stocks are rising following dovish remarks by Powell.
II. Market Focus
1. Bn delists leading coins such as MDX, DOCK, POLS, BOND etc., while ZEN rises after Bn cancels its delisting notice; VC has invested in many ZK PROCESSOR projects that have not yet issued tokens.
2. Domain name ENS is on the rise and listed on Korean exchanges.
3. Modular TIA forces short squeeze to rise with an annualized short fee rate of -130%.
4. MEME's BONK is rising as the community proposes a burn proposal; recently ETH chain has been speculating WAT, MATT and other PEPE universe tokens while SOL chain has been speculating various disguised dogs and cats.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
