Gate.io Блог Daily News | The Market is Weak and Volatile, DOGS Stands Out Alone

Daily News | The Market is Weak and Volatile, DOGS Stands Out Alone

01 January 08:00

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## Crypto Daily Digest: Telegram Founder Durov Bails Out, Hamster Kombat Will Receive Token Airdrop
According to Farside Investor data, the net outflow of US spot <a href="/ru/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETFs was $105 million yesterday, with outflows exceeding $100 million for two consecutive days. Yesterday, ARKB had a net outflow of $59 million, GBTC had a net outflow of $8 million, and BlackRock IBIT had no inflow or outflow of funds for two consecutive days.

Yesterday, the net inflow of US spot <a href="/ru/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> ETFs was $5.85 million, of which BlackRock ETF inflow was $8.4 million and Grayscale ETF net outflow was $3.81 million.

**Nvidia's Q2 revenue for fiscal year 2025 is $30 billion, with a market expectation of $28.61 billion**

Early this morning, Nvidia (NVDA.O) reported Q2 revenue of $30 billion for its fiscal year 2025, compared to $13.507 billion in the same period last year, and a market expectation of $28.61 billion. After Nvidia released its financial report, the US stock market fell nearly 5% in after hours trading.

**Telegram founder Durov has been released on bail of 5 million euros and is not allowed to leave France**

On August 29, according to market reports, Telegram founder Pavel Durov was released on bail of 5 million euros and will be placed under residential surveillance. He is currently not allowed to leave France. Affected by the news of Pavel Durov's end of detention, TON rose more than 12% in a short period of time, reaching $5.98, and is now quoted at $5.67.

**Hamster Kombat plans to launch tokens and conduct airdrops on September 26**

According to Decrypt, the Telegram ecosystem game Hamster Kombat announced that it will launch its HMSTR token on TON on September 26 and conduct airdrops for players on the same day.

## Market Trends: The market is weak and volatile, DOGS stands out alone
### Mainstream Coins
BTC briefly rebounded back to $60,000 after plummeting below $58,000 yesterday, and then fell back to around $59,000. The BTC ETF experienced significant outflows for two consecutive days, and BTC as a whole showed a weak and volatile trend;

ETH has rebounded slightly and returned to above $2,500, with a small influx of funds into the ETH ETFs. It is expected that ETH will not emerge from an independent market trend;

Altcoins are generally declining, and the market lacks hotspots, with DOGS showing slightly impressive performance.

In terms of data indicators, today's AHR999 index is 0.64, and the current price is still suitable for BTC long-term investors to invest; The Fear & Greed Index is 29, and market sentiment remains in a state of fear.

### Market Hotspots:
Ton Ecosystem: With Telegram founder Durov being released on bail, TON rebounded briefly to around $6 yesterday and then returned to around $5.5. Ton Chain Meme coin DOGS rose nearly 40% during the day, but then fell sharply, with a current increase of about 15%. Despite the widespread market decline yesterday, DOGS prices remained strong, showing a clear tendency for funds to protect the market, and the future remains cautiously optimistic.

Meme sector: FLOKI saw its highest intraday increase of over 15%, but the current increase has narrowed to 7%. FLOKI's previous relevant coin CAT was quite successful, becoming one of the top rising tokens in the market for several consecutive days. The current circulating market cap of CAT is approximately $150 million.

## Macroeconomics: US stocks collectively closed lower, with the probability of the Fed cutting interest rates by 25 basis points in September rising to 63%
The three major indexes of the US stock market collectively closed down, with the S&P 500 index falling 0.60% to 5,592.18 points; The Dow Jones Industrial Average fell 0.39% to 41,091.42 points; The Nasdaq index fell 1.12% to 17,556.03 points. In addition, the benchmark 10-year Treasury yield is 3.84%, and the 2-year Treasury yield, which is most sensitive to the Fed's policy rate, is 3.83%.

Among the popular US stocks, Apple fell 0.68%, Nvidia fell 2.10%, Microsoft fell 0.78%, Google C fell 1.13%, Google A fell 1.11%, Amazon fell 1.34%, Meta fell 0.45%, TSMC fell 0.78%, Tesla fell 1.65%, and AMD fell 2.75%.

According to CME's "FedWatch", the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 63%, and the probability of cutting interest rates by 50 basis points is 37%. The probability of the Federal Reserve reducing interest rates by 50 basis points cumulatively until November is 41.4%, the probability of reducing interest rates by 75 basis points cumulatively is 45.9%, and the probability of reducing interest rates by 100 basis points cumulatively is 12.7%. Some analysts believe that overall, the positive expectations of the Federal Reserve's interest rate cuts have been digested by the market, and the market is starting to re-examine concerns about economic recession.

### Conclusion
The current <a href="/ru/price" target="_blank" class="blog_inner_link">crypto market</a> as a whole is showing a weak and volatile trend, especially BTC and ETH. Although there has been a brief rebound, the overall trend is still unclear. The Altcoin market is generally declining and lacks obvious hotspots, but some currencies such as DOGS have performed well, showing some signs of fund protection. Data indicators show that market sentiment is still in a state of fear, but for long-term investors, current prices remain attractive.

Investors should remain cautious in this market environment, monitor market trends and capital flows, especially in low market sentiment, and avoid blindly following the trend. For users with long-term investment plans, they can consider making a fixed investment at the current price level.

<div class="blog-details-info">
<div>Author:**Icing**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

ETH/USDT -1.38%

BTC/USDT -1.49%

GT/USDT -1.08%

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