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Phemex Crypto Market Daily: Bitcoin and Ethereum Surge as ETF Inflows Drive Market Gains (Sep 13)
Key Takeaways:
1. Macro Environment The Federal Reserve is expected to cut rates by 25bps next week, boosting risk appetite and crypto liquidity. India’s inflation remains stable at 2.07%, supporting macro stability and capital inflows. The SEC’s shift to clear crypto rules and Nasdaq’s tokenized securities push signal rising institutional acceptance. 2. Crypto Market The crypto market is broadly positive over the past 12 hours, with Bitcoin up 2.4% to $114,268 and Ethereum up 2.9% to $4,426, driven by strong ETF inflows and bullish technical signals. Altcoins show mixed gains, with Dogecoin (+4.9%), Immutable (+3.9%), and PEPE (+2.1%) outperforming, fueled by high trading volumes and renewed retail interest in meme and NFT sectors. 3. Today's Outlook Today, Project Merlin (MRLN) concludes its IDO on Spores with a $2.24M fundraising goal, while OpenSea launches a pre-TGE incentive program for early users. These events may drive sector-specific volatility and highlight ongoing innovation in DeFi and NFT markets.