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Global economic policy changes trigger market fluctuations. Bitcoin hits a historic high of over $121,500.
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.
Key Data (as of July 14, 12:00 HKT)
ETF Flows (as of July 11)
Today's Outlook
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%.
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