Global economic policy changes trigger market fluctuations. Bitcoin hits a historic high of over $121,500.

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Market Observation: Global Economic Policy Changes Raise Concerns, Crypto Assets Market Enters a Critical Moment

The tariff policy recently announced by Trump has caused market fluctuations, with U.S. and European stock futures dropping, and risk aversion pushing up the prices of gold, the U.S. dollar, and Bitcoin. Analysts believe this policy may affect the credibility of the United States and add uncertainty to the Federal Reserve's decision-making. Market expectations for a rate cut in September have dropped to about 70%, while strong employment data has essentially ruled out the possibility of a rate cut in July. The CPI data for June, to be released this week, will be the focus, as it holds significant guidance for the policy direction in the second half of the year.

In addition to economic data, the U.S. Congress will enter "Crypto Assets Week" this week to review several important bills that could have a profound impact on the digital assets market. Meanwhile, Hong Kong is steadily advancing its stablecoin and asset tokenization strategy. Experts point out that Hong Kong seeks a balance between innovation and stability by optimizing laws, supporting innovation, and strengthening international cooperation, but still faces challenges such as regulatory coordination.

Bitcoin has broken through $121,500 to create a new historical high. Analysts believe that $119,000 to $120,000 is a key resistance area; if it breaks through, it may rise to $135,000 to $140,000, but if it faces resistance, it may test the support at $114,000 to $115,000. Solana has seen a 12.87% increase over the past 30 days, and analysts expect it to potentially hit $300 before August, with $185 being the key target in the short term.

Shanzhai coins and Meme coins exhibit high speculation. In the NFT sector, Pudgy Penguins has sparked a "profile picture craze," with its floor price soaring 49.4% over the past week and rising 21.8% in 24 hours, far exceeding other blue-chip projects.

HashKey Trading Moment: The market awaits CPI and "Crypto Week", Bitcoin targets 135,000 and 115,000, Solana aims for 185 USD

Key Data (as of July 14, 12:00 HKT)

  • Bitcoin: $121,974 (Year-to-date +30.75%), Daily Trading Volume $42.164 billion
  • Ethereum: $3,048.51 (Year-to-date -8.76%), Daily trading volume $25.486 billion
  • Fear and Greed Index: 75 (Greed)
  • Average GAS: BTC 0.52 sat/vB, ETH 2.22 Gwei
  • Market Share: BTC 63.6%, ETH 9.7%
  • 24-hour BTC long-short ratio: 1.192
  • Sector fluctuations: NFT sector rose by 8.98%; GameFi sector rose by 6.12%
  • 24-hour liquidation data: 119,500 people liquidated, total amount 684 million USD
  • BTC medium to long-term trend channel: upper edge 114340.09 USD, lower edge 112075.93 USD
  • ETH medium to long-term trend channel: upper limit $2788.33, lower limit $2733.12

HashKey Trading Moment: The market awaits CPI and "Crypto Week", Bitcoin targets 135,000 and 115,000, Solana aims for 185 USD

ETF Flows (as of July 11)

  • Bitcoin ETF: +$1.03 billion, continued net inflow for 7 days
  • Ethereum ETF: +$205 million, continuous net inflow for 6 days

HashKey Trading Moment: The market awaits CPI and "Crypto Week", Bitcoin targets 135,000 and 115,000, Solana aims for 185 dollars

Today's Outlook

  • The U.S. House Financial Services Committee reviewed several crypto asset bills this week.
  • Sunrise opens $RISE airdrop claims, which must be completed before July 15.
  • Release of the US June CPI data (July 15, 20:30)
  • Starknet (STRK) will unlock approximately 127 million coins on July 15.

Today's top 500 market cap maximum increase: Ski Mask Dog (SKI) 57.79%, Usual (USUAL) 46.86%, Pudgy Penguins (PENGU) 31.60%, Algorand (ALGO) 29.80%, XYO (XYO) 29.15%.

HashKey Trading Moment: The market awaits the CPI and "Crypto Week", Bitcoin targets 135,000 and 115,000, Solana aims for 185 USD

Hot News

  • Tokens such as TRUMP, ARB, SEI will face large-scale unlocking
  • Lianlian Digital plans to raise approximately 394 million HKD for blockchain payment applications.
  • SharpLink Gaming has purchased 16,374 ETH again, bringing the total holdings to 270,000 coins.
  • The Czech central bank has included a certain trading platform in its investment portfolio and increased its holdings in Palantir stocks.
  • Davis Commodities evaluates the establishment of a Solana strategic reserve
  • The NFT trading volume in the past 7 days increased by 20.67% month-on-month to reach 122.6 million USD.
  • PUMP on-chain public offering data analysis: USDC accounts for 97%, USDT approximately 3%
  • Upexi announced a private placement of 200 million USD for the purchase of SOL
  • MicroCloud Hologram has purchased $200 million worth of Bitcoin and related derivatives.
  • SOON releases recovery plan, plans to destroy 3% of the total supply of tokens.
BTC0.96%
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CommunitySlackervip
· 6h ago
Just roll it up, what's the use of interference policy?
View OriginalReply0
LiquidityOraclevip
· 6h ago
Triple shorting ETH, no need to step on mud if you don't have to.
View OriginalReply0
BearMarketBuyervip
· 6h ago
Stop dragging your feet, just go all in.
View OriginalReply0
TokenBeginner'sGuidevip
· 7h ago
Gentle reminder: Recently, market fluctuations have intensified. Newbies should keep their positions within 5% and must not blindly chase the price.
View OriginalReply0
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