On the second day of July, the cryptocurrency market did not continue the rebound momentum of the previous day, but instead showed a weak downward trend. As the beginning of July approaches, the market is closely watching the release of a series of important economic data in the United States and the Federal Reserve's interest rate meeting. These key events will directly affect the market's expectations of whether the Federal Reserve will cut interest rates in the future.

In addition, a recent eye-catching announcement has once again pushed Mt. Gox, the world's largest cryptocurrency exchange, into the spotlight of the currency circle. The exchange, which suffered huge losses due to hacker attacks in 2014 and filed for bankruptcy, is about to begin to repay users for lost cryptocurrencies, including valuable Bitcoin. Analysts warn that users who receive compensation may choose to sell their cryptocurrencies, triggering a wave of selling in the market. Worryingly, this may bring about $9 billion in Bitcoin supply pressure to the market in July.

At the same time, July is also facing the test of concentrated unlocking of altcoins, which further increases market uncertainty. Therefore, for investors, July is undoubtedly a month full of variables. They should be more cautious in their operating strategies, pay close attention to market dynamics and news changes, and focus on flexible swing operations to cope with possible market fluctuations.