Today's Headlines
The Federal Reserve will keep interest rates unchanged.
Fed Chair: It may cut interest rates at some point this year.
Bitcoin spot ETF saw a net outflow of $500 million on March 20.
Celsius seeks to recover $2 billion in pre-bankruptcy withdrawals.
SEC delays approval of VANECK Ethereum spot ETF.
SEC initiates legal action to classify Ethereum as a security.
SEC's investigation into the Ethereum Foundation began shortly after ETH's transition to POS in September 2022.
The Ethereum Foundation has received voluntary information requests related to ETF approvals, as well as law enforcement from Coinbase and Binance.
Bitcoin recorded its largest single-day decline since the FTX crash yesterday.
The cumulative trading volume of the US spot Bitcoin ETF has exceeded $150 billion.
10x Research: Bitcoin may adjust to below $60,000, buying on dips may be premature.
CoinShares executive: The main reasons for the two-day net outflow of Bitcoin ETF are the increase in Grayscale fund outflows and the decrease in ETF demand.
Hot Projects (Cross-chain Token Projects)
- RNDR (Render Network)
Introduction: Render Network is a GPU-based decentralized rendering solution provider, offering decentralized graphics processing power for 3D content creation.
Investment rationale: RNDR, with a market value of $1.447 billion as a native functional token, demonstrates its market recognition and potential for growth.
- AIDOGE
Introduction: AIDOGE is a MEME coin in the Arbitrum ecosystem with deflationary properties, airdropped to users who received the ARB airdrop.
Investment rationale: AIDOGE will be used by applications in its ecosystem and is a core part of unlocking the future chapters of ArbDoge.AI, with some community support and application prospects.
- AGIX (SingularityNET)
Introduction: SingularityNET is a decentralized AI platform and marketplace aimed at building a protocol that connects AI and machine learning tools.
Investment rationale: With a market value of $343 million, AGIX's platform aims to achieve real-time flexible interaction of AI algorithms, contributing to the application and development of AI technology.
- CTXC (Cortex)
Introduction: Cortex aims to build a truly decentralized autonomous AI system, providing advanced machine learning models on the blockchain.
Investment rationale: CTXC supports the execution of AI smart contracts, with a market value of $81.4003 million, demonstrating its innovative potential in the blockchain AI field.
- FET (Fetch.AI)
Introduction: Fetch.AI combines machine learning, artificial intelligence, multi-agent systems, and decentralized ledger technology to create an economic internet.
Investment rationale: With a market value of $675 million, its goal is to change the way users perceive and use cloud services, with innovative technological foundations and a wide range of application scenarios.
Market Overview
Bitcoin (BTC) rebounded in the past 24 hours, rising by 8.98%, with a high of $682,126 and a low of $60,756, with a volatility of 9.43%. Ethereum (ETH) rose by 10.57% in the past 24 hours, with a high of $3,549 and a low of $3,058, with a volatility of 10.21%. HTX rose by 4.77% in the past 24 hours, with a high of $0.000001539 and a low of $0.000001357, with a volatility of 5.75%.
Major cryptocurrencies are all on the rise, with DOGE up 17.79% performing well. The total market capitalization of cryptocurrencies is $2.682 trillion, up 7.7% from yesterday; the total 24-hour trading volume across all exchanges is $202.1 billion, slightly lower than yesterday.
Today's fear and greed index is 78, up 4 points from yesterday, indicating a greedy market sentiment.
Today's Huobi DCA index is 17, down 1 point from yesterday, indicating a holding and observing level.
Market Opportunities
Analyst MAX: After a deep decline in the market depth yesterday, a reversal occurred. The overall market fluctuation is relatively large. The Federal Reserve's decision to keep interest rates unchanged at this month's meeting and the dovish remarks by the Fed Chair led to a surge in the stock market, indirectly affecting the cryptocurrency market, and an upturn in the market occurred outside the market, driving the market to rise. However, the short-term trend is not clear at the moment, so it is prudent to operate steadily in the face of recent market volatility.
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