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, and speculative funds are moving from one place to another.
2. U.S stocks rise 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 heavily in many yet-to-be-issued ZK PROCESSOR projects.
2. Domain name ENS rises as it gets listed on Korean exchanges.
3. Modular TIA forces short squeeze to rise with an annualized short fee rate of -130%.
4. Meme sector's BONK rises as the community proposes a burn plan; recently ETH chain is speculating WAT, MATT and other PEPE universe tokens while SOL chain is speculating various disguised dogs and cats tokens.
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.
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