The average mining cost of Bitcoin ($BTC) is around $43,000. Arthur Hayes believes that regardless of who becomes the US president, the government will continue printing money, which is favorable for cryptocurrencies.

Yesterday, the DEX volume surpassed 20.2 billion US dollars, marking the third highest level in history. Solana ($SOL) showed strong performance. Meanwhile, the three major US stock indexes rose collectively, and the probability of a 50 basis point interest rate cut by the Federal Reserve in September exceeded 70%. The cryptocurrency market is currently undergoing a phase of adjustment and consolidation. Long-term investors can start gradually building their positions, while short-term traders should keep a close eye on market trends and policy developments.

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