Crypto Market Dynamics: Ethereum may welcome a good opportunity after adjustment, analysts hold a cautiously optimistic attitude towards Bitcoin's future.

Market Observation

Trump announced a major trade agreement with Japan, where Japan will invest $550 billion in the United States, and the U.S. will impose a 15% tariff on Japanese imported goods. This move affects industries such as automobiles and boosts the Japanese stock market. The third round of China-U.S. trade talks is scheduled to take place next week in Stockholm and may involve topics such as China purchasing oil from sanctioned countries. The upcoming "AI Action Plan" from the U.S. will focus on infrastructure, innovation, and global impact, promoting the development of artificial intelligence in the U.S. through methods such as streamlining processes.

Trump and Treasury Secretary Mnuchin publicly called for the Federal Reserve to cut interest rates to stimulate the economy. Bridgewater Associates founder Ray Dalio analyzes that this debate is essentially a game of monetary value, with Trump inclined to stimulate the economy through currency devaluation, while the Federal Reserve chairman attempts to defend the value of the currency. Dalio pointed out that current market indicators have shown signs of loose monetary policy, predicting that the dollar will continue to weaken.

In terms of cryptocurrency applications, analysts have pointed out that stablecoins are revolutionizing the cross-border payment sector, primarily by effectively addressing traditional financial pain points. Compared to the traditional SWIFT system, stablecoin transaction fees are low and the speed is fast, making them particularly suitable for emerging markets. However, applications in areas such as retail payments face greater resistance.

Bitcoin has entered a consolidation phase after reaching an all-time high, with data showing that the market is in a "healthy but fragile balance." Several analysts are optimistic about the future market, but warn of a potential short-term pullback. Some analysts have set bullish targets between $130,000 and $140,000.

After a continuous rise, Ethereum has experienced a pullback, with the current price around 3750 USD. Analysts believe that if it pulls back to the 3200-3400 USD range, it will be an ideal opportunity to go long. Some forecasts suggest that Ethereum may pull back to the 3000 to 3200 USD range in August, after which it is expected to challenge 4000 USD again, and may even reach 8000 USD.

In the crypto market, the price of Zora tokens has soared, with an increase of nearly 300% since July 17. LetsBonk's market share has grown significantly, in sharp contrast to Pump.fun. Several emerging meme coins are gaining attention.

Key Data

• Bitcoin: $118,684, daily trading volume $51.971 billion
• Ethereum: $3,732.23, Daily Trading Volume $48.862 billion
• Fear and Greed Index: 75 (Greed)
• Market share: BTC 60%, ETH 11.5%
• Total liquidation amount in 24 hours: 376 million USD

ETF Flows

• Bitcoin ETF: Net outflow of $67.9322 million
• Ethereum ETF: Net inflow of $534 million, the third highest in history.

Today's Outlook

• Block will be included in the S&P 500 index.
• OneFootball will launch token sales
• OKX will launch ASP spot trading
• Trump plans to promote the development of artificial intelligence
• Avail and SOON will unlock some tokens

Hot News

• Arthur Hayes expects Bitcoin to reach $250,000 and Ether to reach $10,000 by the end of the year.
• ARK Invest acquires $182 million of BMNR common stock
• 21Shares submitted ONDO ETF related documents to the SEC.
• Coinbase adds multiple tokens to its asset roadmap
• SPACEX transferred BTC worth $152 million
• A Mexican real estate company plans to build a $10 billion Bitcoin vault.
• GameSquare has been approved to inject an additional $150 million into the crypto market.
• Strategy spent approximately $740 million last week to acquire 6,220 Bitcoins.
• The Ether Machine supported by Pantera and others raised $1.5 billion and will hold over 400,000 ETH.