📈Daily Market Review📉

🔸Daily Macro:
🔹BTC Mkt:
BTC rebounded to $60K after dipping to $58K. ETH also saw a strong performance, rising 6% to $2,700

🔹BTC ETF:
Prelim reports on Aug 13 showed a net inflow of $28M into U.S BTC ETFs

🔹ETH ETF:
Prelim reports on Aug 13 showed a net inflow of $4.9M into U.S ETH ETFs

🔹Macro Data:
The U.S July inflation expectation was 2.97%. This data may push up prices of gold, silver, and oil, potentially speeding up the Fed's rate cut schedule

🔸Daily Focus:
🔹SUI:
Grayscale launched its SUI Trust product. SUI surged to $1.1 in a week, a 140% increase

🔹Market Outlook:
With Grayscale’s launch, many KOLs are promoting SUI. There’s growing rivalry with SOL, but caution is advised as traders suspect institutional promotion to offload holdings

🔸Next Focus:
🔹Nikkei 225:
The Nikkei 225 has recovered from its 12% drop on Aug 5, with investor focus shifting to corporate fundamentals. The yen's stability could also stabilize the Japanese stock market

Full review:👉HERE👈