Mercado Hoje

• Dog meme coins DOGE, NEIROCTO, BONK, FLOKI, WIF, BILLY, etc. all rose collectively. Musk announced the establishment of D.O.G.E (Department of Government Efficiency), whose English abbreviation overlaps with DOGE, bringing more exposure to DOGE. After DOGE soared and broke through the $60 billion market value mark, funds were diverted to the smaller-cap dog meme coins, driving the collective rise of dog meme coins.
• AI meme coins ACT and GOAT rose. ACT rebounded quickly and remained at around $0.58, which was a manifestation of its strong financial support. After a short-term correction, GOAT once rose to $1, setting a new record high. It has temporarily fallen back to around $0.85. ACT currently has a market value of $530 million and GOAT has a market value of $870 million. The market value of these two tokens still has enough room for performance.
• XRP, XLM The rise of such old coins is often delayed, which is a manifestation of overheated market sentiment. The market may temporarily enter a correction stage;

Market trend

• BTC retreated after touching $89,949 and is currently consolidating around $88,000. Market sentiment is too hot and it is currently in a short-term adjustment stage. After the adjustment, BTC's next target is $100,000;
• ETH fell back after breaking through $3,400 and is currently supported around $3,250. ETH ETF received nearly $300 million in a single day the day before yesterday. ETH ETF may continue to receive large inflows of funds in the future;
• Altcoins generally pulled back, and fully circulated meme coins are still the first choice favored by market funds. At the same time, the AI sector is also worthy of attention, especially ACT and GOAT;

Macro News

The three major U.S. stock indexes closed down collectively, and the 2-year U.S. Treasury yield, which is most sensitive to the Fed's policy interest rate, continued to rise, temporarily reporting 4.34%. The market is worried that the tariff policy promised by Trump during the campaign may lead to a resurgence of domestic inflation in the United States, thereby keeping U.S. interest rates high. The Fed may also reduce the rate cuts and may even raise interest rates again.