Market dynamics on July 16: BTC price surged, approaching the weekly line of 65,000, ETH ETF will be listed on July 23
I. Market Dynamics
1. BTC surges, approaching the weekly line of 65,000. ETH ETF will be listed on July 23.
2. U.S stocks rise following dovish remarks from Powell.
II. Market Focus
1. MEME's SATS, PEPE, FLOKI, BRETT, WIF, BILLY and others surge significantly. The market rebound is still mainly driven by MEME coins. In the long run, SOL chain's MEME has a longer adjustment period and better fundamentals.
2. ENA rebounds steadily after short squeeze pressure eases off . The bounce in ETH allows ENA to avoid the risk of USDE decoupling . Shorting fee rate for ENA is -100% annualized.
3.Political meme coin FEAR NOT soars while FIGHT plunges significantly.The political meme coins are greatly influenced by individuals with frequent changes in leaders.
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.
You may also like
Market value evaporates by 60 billions! Faith shaken, institutions on the sidelines—has bitcoin’s “post-halving crash” curse come true?
A major reason for the recent plunge is market concerns over a repeat of the "halving cycle"—that is, after a supply reduction triggers a boom, a deep correction inevitably follows. Panic selling by investors, combined with a stagnation of institutional funds and macroeconomic headwinds, have collectively led to a collapse in market confidence.
SharpLink and Upexi: Each Has Its Own Strengths and Weaknesses in DAT
For this model to be sustainable, one of the following two scenarios must occur: either staking truly becomes a corporate cash engine, continuously providing funds for digital asset purchases; or companies must incorporate the planned sale of digital assets into their digital asset strategies to achieve systematic profits.
80% is hype? Six major red lines reveal the true intentions of Stable
It appears to be an infrastructure upgrade, but in essence, it is an early, insider-friendly issuance.
Global assets are falling simultaneously—why have safe havens collectively failed?
Trending news
MoreCrypto prices
More
