January 5 Market Dynamics
I. Macro Trends
1. Market Trend: The market rebounds. Tether issues an additional 1 billion USDT on the Ethereum chain.
2. U.S stocks have fallen for five consecutive days, and the yield on 10-year U.S Treasury bonds has risen. The U.S employment data for December greatly exceeded expectations, delaying interest rate cut expectations.
II. Market Highlights
1. Cosmos ecosystem's TIA, NTRN, OSMO surged significantly. There are many future airdrops expected for staked TIA.
2. Gaming tokens BEAM, YGG, CHR are rising.
3.The Ethereum-based ARB, SSV, ENS are increasing in value too.Ethereum's Cancun upgrade is expected to go live in March.ARB will unlock $2 billion on March 16th which is about 90% of its current circulating supply.
4.Inscription ETHS surged significantly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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