1) Market Trends: Bitcoin (BTC) has reached a new high, surpassing $80,000, but BTC's market dominance has declined. With the altcoin season approaching, the rally of older coins has already begun. The US stock market was closed on Monday, and the Federal Reserve is expected to continue lowering interest rates until July 2026. Historically, the current rate-cutting cycle usually ends in the six months prior to a rate hike cycle, suggesting that the bull market is likely to continue until the end of 2025.
2) Market Highlights:
1. Public Chains and DeFi: Ethereum (ETH) prices have risen, and older coins in the DeFi sector such as TRB, ALPACA, and YFI have also seen significant increases. The market generally anticipates that DeFi regulations will ease after Trump takes office.
2. Meme Coins: Dogecoin (DOGE), Shiba Inu (SHIB), Neiro, Moodeng, Goat, Pippin, and other Meme coins have surged significantly. As a major promoter of political and fan coins, Musk has helped DOGE's market cap reach $40 billion, accounting for about half of the total market cap of all Meme coins. Among the top 500 Meme coins by market cap, only 20% of the market cap is held by DOGE. Neiro is market-made by BN, while Moodeng and Goat are market-made by Wintermute.
3. New Public Chains: Some emerging public chains have surged significantly, reaching new highs, with market cap nearing 30% of Solana, showing obvious "Dragon Two" characteristics.
4. Older Coins Rally: Older coins such as ADA and EOS have started their rally. The founder of Cardano (ADA) may become Trump's cryptocurrency advisor. Additionally, oversold ecosystems like TON, X, and HMSTR are also recovering. Notably, the click game in the X ecosystem surged 20 times within a week, and the main market maker for the TON ecosystem is DWF.
Overall, the current market exhibits diverse hotspots with ample liquidity, and it is expected that this round of the bull market will last for some time. Investors should pay attention to rally opportunities across various assets and market trends.
