Market Today

• BTC rebounded sharply, reaching a high of $58,000, and has now fallen back to around $57,000, still in a volatile market;
• ETH rebounded with BTC, but the overall increase was small, showing a relatively weak price performance, and the trading volume and inflow of ETH ETF were still small;
• Altcoins generally rose, and Meme was the best performing sector;
• In terms of data indicators, today's AHR999 index is 0.59, and the index rebounded slightly with the price; the fear and greed index is 33, and the panic sentiment has eased slightly, but the market trading volume is still sluggish.

Market Hotspots:

1. Public Chain Fantom: FTM has become the best performing public chain token in the past 24 hours, rising by more than 15%. FTM has achieved three consecutive daily increases. From the news perspective, Fantom test network Sonic is online, and the community is currently participating in the test network interaction. However, according to the official Discord channel, there will be no token airdrops in the test network interaction. In August this year, Fantom officially announced that it would be renamed Sonic Labs and would adopt a new token, S. FTM would exchange S tokens at a 1:1 ratio.
2. Meme sector: PEOPLE, which is based on the concept of the US election, rose by more than 20% in 24 hours, becoming the mainstream meme coin with the best increase. Tomorrow, Beijing time, US presidential candidates Trump and Harris will have a televised debate, and the market is betting in advance that the two candidates may mention cryptocurrency-related policies in the debate. Meme coins POPCAT and MIGGLES in the cat sector rose by more than 15% in 24 hours. Currently, no cat meme coin has a market value of more than 1 billion US dollars. POPCAT's strong price performance may make it the first.