A look at crypto market dynamics on July 25

1) Market overview:

Bitcoin suffered a sharp decline and failed to hold weekly support. Most altcoins followed suit lower.

The U.S. stock market also suffered a heavy setback, breaking weekly levels and recording its largest weekly decline in a year. As market uncertainty increases before the U.S. presidential election, historical data shows that significant stock market gains tend to occur after the election.

2) Industry focus:

1. Solana public chain and its ecological projects such as JTO, RAY, JUP, etc. all experienced increases. Solana is considered to be one of the most fundamentally sound public chains.

2. Projects within the Bitcoin ecosystem such as SATS and CKB have rebounded. A Bitcoin conference is taking place this week, which could have a positive impact on these projects.

3. The political-themed MEME coins Harris and Kama both increased several times. Despite this, the market capitalization of Harris-related MEME coins is still significantly lower than the market capitalization of Trump-related MEME coins. #美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业？ #拜登退选 #币安HODLer空投BANANA