Market Analysis Report
I. Overview of the Market Trend
BTC Performance: BTC has fallen sharply. This rebound failed to effectively stand firm at the weekly support level. Altcoins generally followed the downward trend. US stock market dynamics: The US stock market experienced a collapse-like decline, breaking through the key support level on a weekly basis, hitting the largest decline in nearly a year. Analysis points out that the market uncertainty is high before the election, and historical data shows that the market rally often occurs after the election results are announced.
II. Market Focus
The rise of public chains: SOL leads the rise: As one of the public chains with the strongest fundamentals, SOL has risen strongly in this cycle, driving its ecological projects such as JTO, RAY, and JUP to follow suit. BTC Ecosystem Recovers: SATS and CKB Rebound: SATS and CKB projects in the BTC ecosystem show signs of rebound, and market attention has increased. At the same time, the BTC conference will be held this week, further stimulating market expectations for this field. Political-themed Dogcoins Explode: Harris and KAMA Soar: Politically related Dogcoins Harris and KAMA have risen several times in this cycle, becoming market hotspots. It is worth noting that Harris' meme market value is still relatively small compared to Trump's meme market value, showing the market's different preferences and valuation differences for this type of subject matter.
