The three major indexes fell collectively, with the Dow Jones Industrial Average falling 0.37%, the Nasdaq falling 1.45%, and the S&P 500 falling 0.9%. Large technology stocks fell across the board.
Mt.Gox distributed more than 40,000 bitcoins, and bitcoin was in a volatile sideways trend throughout the day. The highlight of the crypto market today was the counter-trend rise of pepe.

For a currency with a narrative, the best way is to be able to hold it. Pepe is one of the Ethereum meme ecological tokens. The listing and trading of Ethereum spot ETF is of course good for Pepe. Today, Pepe has risen against the trend, and the trading volume has slightly increased.

Although the Ethereum spot ETF was listed and traded last night, and Ethereum has emerged from the trend of consolidation, there are whales hoarding Ethereum in large amounts. According to on-chain data monitoring, at around 10:30 am Beijing time today, 19,620 ETH (over 67.67 million US dollars) were transferred from Coinbase to an unknown wallet in three batches.

Mt. Gox Bitcoin compensation troubles, Bitcoin continues to shrink:
Crypto exchange Kraken CEO Dave Ripley posted on the X platform, "Kraken has successfully distributed BTC and BCH from Mt. Gox assets to creditors. It has been nearly 10 years since Kraken was selected by the custodian to assist in the investigation and return of customer funds. This is our honor and our responsibility."

Last night, the Ethereum spot ETF was finally listed for trading. The trend of Ethereum did not bring much surprise to people, but there was no so-called positive cashing out and plummeting. Ethereum was sideways around $3,400, and the trading volume shrank. The US spot Ethereum ETF's first-day trading volume exceeded $1 billion, and Grayscale ETHE accounted for about half. Grayscale Ethereum Spot ETF (ETHE) led with a scale of $456 million, accounting for nearly half of the total trading volume. BlackRock Ethereum Spot ETF (ETHA) had a trading volume of $240 million, accounting for 24%, and Fidelity Ethereum Fund (FETH) had a trading volume of $136 million, accounting for 13%.
According to previous news, the trading volume of the spot Bitcoin ETF on the first day was $4.6 billion, and the first-day trading volume of the US spot Ethereum ETF was equivalent to 23% of the first-day trading volume of the spot Bitcoin ETF, while the trading volume of BlackRock ETHA reached 25% of the trading volume of IBIT. It seems that Ethereum does not have the conditions for a sharp decline.
Bitcoin fell to $65,896.2, losing the support of 66,070 points. The trading volume shrank extremely, and the market reappeared the wait-and-see sentiment. At this moment, the market generally believes that Bitcoin is blocked at 68,000 points, mainly because the Mt. Gox Bitcoin compensation fermented again, and the Trump effect gradually faded. Analysts believe that Biden's withdrawal from the election is not good for Trump. Biden and Trump are two old opponents. Trump is more than enough to defeat Biden, but if Vance replaces Biden, then Trump's chances of winning will be greatly reduced.
The biggest factor affecting the market trend next is that the US Department of Commerce will release the preliminary value of the US second quarter GDP data this Friday. The market expects that the US second quarter GDP data will be better than the first quarter. In addition, the US June core personal consumption expenditure (PCE) price index will be released this Friday. This is an indicator of inflation that the Federal Reserve is particularly concerned about. Economists currently expect this figure to rise by 2.5% year-on-year and 0.1% month-on-month, showing that the US inflation pressure has been further alleviated. At present, investors expect that the Federal Reserve will cut interest rates by 25 basis points in September. The current encryption market is particularly sensitive to news. KP92877 is retained. It is recommended to pay attention to changes in news in terms of operations.

Bitcoin will test the 66070 support level, and the trading volume is shrinking throughout the day:
Whales and institutions intend to suppress the price of Bitcoin below 68,000 US dollars. The news of Mt. Gox Bitcoin compensation once again permeated the entire market. Mt. Gox Bitcoin wallet transferred BTC worth $2.82 billion amid market tightening. In a striking move, a wallet of the exchange Mt. Gox transferred about 42,587.49 Bitcoins worth about $2.82 billion to an unknown address.
The transaction reported by the on-chain data platform Arkham Intelligence appears to be part of Mt. Gox's continued efforts to repay creditors, with a total repayment of about $9 billion. Just the day before, the defunct exchange transferred another $1,400 worth of Bitcoin, with Bitstamp identified as one of the recipient addresses. The trustee of Mt. Gox has selected multiple cryptocurrency exchanges to assist in the distribution of Bitcoin to creditors.

ENS broke through 28 US dollars and ranked second on the list of increases. ENS's breakthrough today was obviously boosted by the listing of all Ethereum spot ETFs at 21:30 tonight. However, many people also believe that this is also the case with the listing of Ethereum spot ETH. The institutions that cash out are interested in increasing shipments. The trading volume is slightly enlarged at this moment. Pay attention to changes in the news and ambush in advance to get ahead of others.

All Ethereum spot ETFs are approved to be listed and traded at 21:30 tonight. This week, a series of positive factors have been realized. At this moment, the market has fluctuated. Bitcoin and Ethereum have both fallen. Last night's Mt.Gox once again poured cold water on the market. In particular, the US election is particularly sensitive to the market. Although Deng withdrew from the election, there are still uncertain factors in the election results.
At this moment, the crypto market has been kidnapped by the US election. Every piece of news will affect the trend of the market. WLD Many people are willing to buy the bottom, but every time they buy the bottom, they are trapped. Why should they touch this kind of coin that plays routines?
The market obviously has the next hype target, which is the expected approval of the SOL spot ETF application. 21Shares submitted the S-1 document for its spot Solana ETF in the United States, and its competitor VanEck submitted the document before. 21Shares became the second company to apply to launch the Solana ETF in the United States. However, there is still a dispute over whether SOL is a commodity or a security. KP92877 is reserved. Pay attention to the changes in the news in operation and operate with caution.

The Fed's policy meeting next week will be good for the crypto market:
The Fed's policy meeting next week may delete the wording of "high" inflation. If so, it would be the strongest signal yet that the Fed plans to cut interest rates as early as September and start its easing cycle. Adjusting the description of inflation from high to more moderate words may also lead the Fed to revise another key sentence in the current policy statement: the Fed will not cut interest rates until officials are more confident that inflation will continue to move toward 2%.
Bostic, a 2024 FOMC voter, indirectly hinted at the end of June that if the inflation rate reaches 2.5% or below, it can be used as an indicator to consider adjusting the description of inflation. Many economists believe that the June PCE data released on July 26 will fall to or below this threshold.

When the Ethereum spot ETF was approved for listing, a whale sold ENS in exchange for MKR:
According to data monitoring, a whale sold ENS and bought MKR. The whale withdrew 73,059 ENS ($1.85 million) from Binance and Gateio at $25.36 between July 8 and July 12, and then deposited all of them into Binance and Gateio at $26.86 today, earning about $109,000. Then the whale withdrew 1,026 MKR from Binance and Gateio in the past 4 hours.
ENS is the native token of Ethereum domain name service, and MKR is one of the three giants of the Defi sector, and it is also a governance token of the Defi sector, and it also has an inseparable relationship with Ethereum. What is the meaning of this operation of the whale?

This morning, a piece of news broke that Trump withdrew from the election. Bitcoin broke through $68,000 first, leading the entire market to a big rebound in the morning. However, the market rebound weakened in the afternoon, and Bitcoin did not stabilize at $68,000. Ethereum repeatedly fought for $3,500, and some altcoins took the lead in callback.
At this moment, there is such a saying in the market. Some say that the good news of Ethereum spot ETF listing tomorrow will be realized, and Ethereum is about to have a sharp callback. However, some institutional analysts believe that the callback at this moment is just an institutional dumping and absorbing funds. Ethereum has not yet reached the ideal price, at least breaking through 3,600 points.
What do you think of the callback at this moment? Leave a message in the comment area.

Bitcoin broke through 68,000 US dollars. At this moment, the crypto market has been kidnapped by the US election. Bitcoin stabilized from the bottom of 53,269 on July 5 and began to rebound. In particular, the unexpected event of Trump's speech on July 13 completely sniped the decadent trend of Bitcoin. Bitcoin has been climbing all the way. What's more, Trump said that he would attend the Bitcoin conference on July 27 and give a speech. He announced his withdrawal from the election in the early morning of today. This undoubtedly increased Trump's chances of winning the election again. Bitcoin instantly broke through 68,000 US dollars.
At the end of July, the good news will be concentrated. If you can't ambush in advance, you will see the whole market soaring and the demons are dancing in a panic. You may be trapped again.

TIA ranked first in the increase list, with the highest price reaching 7.6 USD, an increase of 16%.
At this moment, many coin friends were surprised and sighed when they saw TIA ranked first in the increase list. Some began to chase the increase. TIA belongs to the public chain (L1) and is a new coin of infrastructure. On July 11, we reminded the community to ambush according to the trend and the change of the volume ratio.

In the crypto market, you don’t actually need to hold so many coins, just a few coins with narratives are enough, especially with the frequent unlocking of altcoins and the irregular delisting of non-compliant coins. If you are not careful, you may step on a thunderbolt. Many coin friends always keep an eye on the coins at the top of the growth list to go all-in. In fact, the recent hot sectors in the market, Ethereum ecosystem-related coins, SOLana ecosystem-related coins, AR in the storage sector, and people in the election concept, in fact, you only need to keep an eye on the coins in these sectors and do the band repeatedly.
On the 23rd, the Ethereum spot ETF was approved for listing, so MKR, AAVE, and OM, the so-called three giants in the Defi sector, are of course our first choice for investment. On July 17, there was a positive profit-taking, and when many people cut their losses, we promptly reminded the old irons in the community to cover their positions according to the trend, and the old irons who followed have made steady profits.

In the early morning, the news that the current US President Biden announced that he would withdraw from the 2024 presidential election immediately became a hot search, and Bitcoin instantly broke through 68,000 US dollars. The crypto market will be very lively next week.
Tomorrow (July 23), Ethereum spot ETF will be listed for trading. Ethereum is currently reported at 3,525 US dollars. The next SOL spot ETF is expected. Whale institutions have entered the market early. SOL has risen to 188.49 US dollars. Its related ecological currency JTO is close to 3 US dollars, and JUP has risen to 1.0758 US dollars. RAY has adjusted yesterday and is now reported at 2.71 US dollars. Bitcoin has risen by as much as 15,000 US dollars since it adjusted back to 53,269 US dollars on July 5 and stabilized to 68,372.1 US dollars at the moment. KP92877 exchanges, pay attention to changes in the news.

SOL rose against the trend, and the trading volume was the same as yesterday. SOL's good narratives continued. We started to remind the community members to ambush from 134.5 US dollars. Today, it rose to a high of 175.63 US dollars. The community members got another wave of benefits.

The market fluctuated in the afternoon. Bitcoin fell below 67,000 points and Ethereum fell below 3,500 points. However, the trend of SOLana ecological sector tokens was relatively strong. SOL rose to 175.63 US dollars and broke through the resistance level given by the community. JTO and JUP climbed steadily, and RAY pulled back slightly. I just did a real-time market analysis and updated the operation points again. KP92877 communicated. Now everyone knows that SOL will be another spot ETF hype expectation after the Ethereum spot ETF.

WLD, which has been using all kinds of tricks, was once a hot star in the AI ​​sector. However, because the project owner went back on his word and used all kinds of tricks, it fell into a state of continuous decline. For this reason, no one knows how many people have been trapped by WLD. Now many people in the market are discussing where the bottom of WLD is?

Today, Bitcoin shrank sideways around 6.7 million U.S. dollars throughout the day, and Ethereum fluctuated around 3,500 points. The entire market showed a sector rotation trend, especially the rotation of coins with narratives in active sectors. Meme, AI artificial intelligence, storage, and game sectors all have outstanding performance.
The crypto market next week will be a trend of frequent hot spots. First of all, the Ethereum spot ETF will be officially listed on the 23rd, and Trump will give a speech at the Bitcoin Conference on the 27th. Then after the Ethereum spot ETF is listed, the market’s hot spots will be Leaning towards the direction of SOL spot ETF, the application process of SOL spot ETF will also go through a long and complicated process, which will also provide a huge room for speculation for institutions and giant whales.
In fact, SOL and the tokens JTO, JUP, and RAY in the ecological sector have already experienced a certain increase. These tokens are also an investment portfolio that we have been paying attention to for a long time. We keep up with market hot spots, capture market information, and ambush in advance.

As a meme currency on Ethereum, the price of PEPE currency has surged by 37% in the past week, showing significant market fluctuations. The transaction volume of the currency also surged by 32% in 24 hours. The surge has been driven by Binance’s promotions, specifically its 8% annual interest rate bonus program. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence/Dispersion Index (MACD) are showing neutral to bullish signals as buying and selling tends to heat up. These factors may promote the further rise of PEPE coins, but the volatility of the market still requires vigilance.
key point
- PEPE coin has gained 42% in the past week, showing strong market interest.
- The current PEPE coin price is hovering at $0.00001223, with a 24-hour trading volume of $1 billion.
- The total market capitalization of PEPE coins is US$5 billion, ranking 22nd among all cryptocurrencies.
- Binance’s 8% annual interest rate bonus program has boosted PEPE’s appeal.
- If the rally continues, PEPE coin may reach $0.000013 or even $0.000015 levels.
- Key technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence/Dispersion Index (MACD) are showing neutral to bullish trends.
- If the market turns bearish, PEPE could drop to $0.000012 or even $0.00001.