📈 Today's Crypto Market Highlights

🔹 Bitcoin (BTC)

Bitcoin’s price has surged to around $67,000, showing resilience and strong upward momentum. Reduced miner-to-exchange transactions indicate a decline in selling pressure, supporting the price increase.

🔹 Ethereum (ETH)

Ethereum continues to thrive, with high transaction volumes and active addresses driven by DeFi applications and NFT trading. The network’s utilization remains robust, showcasing its widespread adoption and functionality.

🔹 Altcoins

MakerDAO's governance token has risen by almost 10% over the past week due to increased buying pressure. Indicators such as the Relative Strength Index (RSI) and the Directional Movement Index (DMI) suggest a bullish trend.

INJ, the governance token of the Injective protocol, has climbed above its 20-day Exponential Moving Average, showing a 10% increase in the past week. This uptrend indicates potential for further price gains.

Kaspa's value has surged by over 20% in the past week. Indicators such as the Awesome Oscillator and Elder-Ray Index confirm a bullish trend, suggesting continued price increases.

🔹 Market Sentiment

NUPL and (MVRV ratios indicate a cautiously optimistic market. Investor sentiment is leaning positive, supported by reduced selling pressure and potential uptrends in key assets.

🔹 Highlights from Recent Market Activity

The response to Trump’s regulatory pledges has been strong, with a sharp increase in net inflows into US BTC-spot ETFs. This development is expected to support Bitcoin’s price stability and potential upward movement, countering the impact of potential

Fed Chair Jerome Powell's address and the upcoming Fed meeting on July 30-31 are crucial. Additionally, the release of Q2 earnings from major American banks and jobless claims data will provide insights into the broader economic environment, potentially impacting crypto market movements

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