Market Today

• BTC returned to $61,000 in the early hours of this morning and is currently consolidating around $60,000. BTC ETF has resumed large inflows, and the Fed is about to cut interest rates;
• ETH performed weakly, with almost no price fluctuations during the day, still hovering around $2,300, and ETH ETF continued to outflow;
• Altcoins followed the general rebound of the market, and NEIROCTO, BIGTIME, FIGHT and other tokens performed well;
• In terms of data indicators, today's AHR999 index is 0.65, and the index has rebounded sharply along with the BTC price; the fear and greed index is 45, and the market sentiment has been restored after the general rise.

Market Hotspots:

1. Meme sector: NEIROCTO, FIGHT, BABYDOGE and other tokens rose, and NEIROCTO became the star token leading the market with an intraday increase of more than 100%. NEIROCTO is the first Neiro token deployed on the Ethereum blockchain. It has received great attention from market funds this week and doubled in price within 24 hours. FIGHT is a meme coin of the US election concept. The US presidential candidate Trump posted content related to the FIGHT slogan on Twitter, which stimulated the rise of FIGHT. FIGHT's intraday increase once reached 400%, but it has now fallen sharply.
2. GameFi sector: BIGTIME, MAVIA and others rose sharply. BIGTIME became the best performing GameFi token with a daily increase of 45%. BIGTIME game has been online for one year. After being listed on the Korean trading platform recently, it has been rising all the way. The BIGTIME project has been continuously updating game content and has a good community construction. Another rising game, Mavia, is a tower defense strategy game. The project announced yesterday that it would be launched on the Web Ruby Marketplace. Users can trade in-game assets, and the MAVIA token trading function will be added to the trading market in November.
3. Social concept: UXLINK surged by more than 60%, with a current market value of $123 million, and UXLINK rose 500% from the beginning of the month. Uxlink is the infrastructure of the web3 social platform, and the UXLINK token can capture the value of the entire Uxlink ecosystem.

Macro news:

The S&P hit a new record high, and U.S. stocks continued to rise. The market expects the Federal Reserve to announce a 50 basis point interest rate cut tomorrow morning.