Good luck and good fortune ~ Crypto market summary for this week
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One: The German government is finally going to sell out all BTC and finish exporting it.
Second: US CPI data was released, the inflation rate is declining, and expectations for an interest rate cut in September are rising.
Number three: The Solana ETF is coming.
Fourth: Trump will appear at the Bitcoin Conference.
The German government’s recent sale of BTC has affected the crypto market for some time, with a total of 50,179 $BTC (3.3 billion U.S. dollars) sold.
The German government is not very optimistic about the future advantages of BTC.
U.S. inflation fell to 3%, the lowest level in more than two years. The inflation rate has dropped sharply from 4% in May, and expectations of interest rate cuts are increasing.
A notable event this month is Donald Trump’s appearance at the Bitcoin Conference in Nashville, scheduled for July 27, where Trump is expected to deliver a 30-minute speech.
VanEck has filed an application with the SEC for a Solana ETF aimed at providing direct exposure to Solana on the Cboe BZX exchange. BlackRock, one of the world's largest investment management companies, also plans to apply for the Solana ETF soon.
Personally, I am still optimistic about SOL! ! ! !
