Announcements Gate Research: Babylon Launches Staking Mainnet Boosting Bitcoin Fees; Market Stably Absorbs Mt.Gox Liquidation

Gate Research: Babylon Launches Staking Mainnet Boosting Bitcoin Fees; Market Stably Absorbs Mt.Gox Liquidation

2024-08-23 12:31:34 UTC 19976 Read

<!-- Gate Research Daily Report: On August 23, BTC and ETH rebounded on the daily charts but remained constrained by weekly resistance. Bitcoin ETFs saw a net inflow of $64.91 million, while Ethereum ETFs had a net outflow of $874,600. The market sentiment index was at 39, reflecting ongoing fear. The impact of Mt. Gox's large-scale repayments on the market is gradually weakening. Among trending tokens, KONET surged by 149.2%, ALPACA by 97.92%, and CREAM by 58.74%, likely due to protocol upgrades and changing market conditions.

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Gate Research Daily Report: On August 23, BTC and ETH rebounded on the daily charts but remained constrained by weekly resistance. Bitcoin ETFs saw a net inflow of $64.91 million, while Ethereum ETFs had a net outflow of $874,600. The market sentiment index was at 39, reflecting ongoing fear. The impact of Mt. Gox's large-scale repayments on the market is gradually weakening. Among trending tokens, KONET surged by 149.2%, ALPACA by 97.92%, and CREAM by 58.74%, likely due to protocol upgrades and changing market conditions.

**Market Analysis:** BTC and ETH have rebounded on the daily charts but continue to face resistance on the weekly timeframe.
**Top Performers:**The most popular tokens in the past 24 hours are KONET, ALPACA, and CREAM.
**Data Highlights:**The Cryptocurrency Fear & Greed Index stands at 39 today, indicating that market sentiment remains in the fear zone.
**Spotlight Analysis: **Mt. Gox continues large-scale repayments, with the market smoothly absorbing potential volatility.
**Market Opportunities:** Seven projects secured funding, with the highest amount being $8 million, totaling $24.7 million.

Explore today's details  👉🏻 [Gate Research: Babylon Launches Staking Mainnet Boosting Bitcoin Fees; Market Stably Absorbs Mt.Gox Liquidation](https://www.gate.io/learn/articles/gate-research-babylon-launches-staking-mainnet-boosting-bitcoin-fees-market-stably-absorbs-mtgox-liquidation/3892?ch=GDR_ann_20240823&utm_campaign=TR_xsuFXWBY&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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Gate.io Team
August 23rd, 2024

Gate Research: Babylon Launches Staking Mainnet Boosting Bitcoin Fees; Market Stably Absorbs Mt.Gox Liquidation

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