Market dynamics on April 12: BTC is showing a weak adjustment, and altcoins are generally falling
I. Market Fundamentals
1. BTC is showing a weak consolidation, with altcoins generally falling. There are too many new coins on the market, and funds cannot be fully absorbed.
2. U.S stocks rebounded, and the Producer Price Index (PPI) inflation met expectations.
II. Market Highlights:
1. AI's TAO has been listed on Bn. TAO is a machine learning training platform based on PoW, its architecture is similar to Polkadot, and its economic model is similar to Bitcoin.
2. The public chain TON continues to rise high; Ton has conducted an airdrop event for ecosystem users, and tokens within the Ton ecosystem have recently increased by dozens of times.
3.BTC inscription puppets series etc., have significantly risen in value with deep roots in overseas communities combining NFTs and BRC2020 icons perform even better; moreover BTC chain Gas fees reach up to 150 sats.
4.Bn announced that it will invest in Bouncebit company and stated that Bouncebit will also launch a stablecoin business based on Bitcoin collateral like ENA in the future, which may conduct an airdrop activity to further expand its influence.
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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