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The popularity of Meme coins continues, L2 ecosystem competition intensifies, and the crypto market is experiencing fluctuations and consolidation.
Crypto Market Weekly Report: Meme Coin Popularity Remains High, L2 Ecosystem Competition Intensifies
Market Overview
This week, the crypto market performed relatively flat, showing some divergence from the movements of the US stock market. Despite the US stocks reaching new highs driven by leading tech companies, the cryptocurrency market has continued to experience fluctuations and consolidation. Bitcoin remains in a consolidation phase, while the activity level in the altcoin market has seen some improvement.
Market Highlights
Market Data
Market Outlook
In the short term, Bitcoin may continue to fluctuate within a range. The market's main focus is on the development of meme coins and the L2 ecosystem. In the long term, the market expects the Federal Reserve to begin cutting interest rates later this year, injecting new liquidity into the crypto market.