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Phemex Crypto Market Daily: ETH Outperforms as Altcoins Rally; BEAT Token Unlock in Focus (Jul 03)
Key Takeaways:
1. Macro Environment The ECB raised its deposit rate to 2.25% in June due to persistent energy-driven inflation, strengthening the euro and reducing crypto risk appetite. US nonfarm payrolls added only 57,000 jobs, lowering Fed rate hike expectations and supporting crypto sentiment. Germany's CPI eased to 2.1%, increasing the likelihood of future ECB rate cuts and potential liquidity for risk assets. 2. Crypto Market The crypto market showed mixed performance over the past 12 hours. BTC is at $61,753 (-0.10%) and ETH at $1,732.64 (+1.30%), with ETH outperforming on strong DeFi activity. Altcoins were led by SPX6900 (+7.98%), Worldcoin (+8.00%), and Celestia (+6.34%), driven by meme coin interest, tokenomics, and mainnet upgrades. Most other majors were flat or slightly negative. 3. Today's Outlook BEAT token unlocks tens of millions of dollars today, representing a significant portion of its market cap; this may impact liquidity and price, so traders should monitor BEAT closely for volatility.
