Today's Cryptocurrency News🔥
1. Bitcoin Breaks 110,000 Strongly: BTC price skyrocketed to break the 110,000 USD barrier, with weak downward pressure. Currently, it is consolidating at a high position, and further fluctuations may be on the way. Investors need to be cautious of pin risk.
2. Ethereum Breaks and Retests: After breaking through, ETH is now in a retest situation. The previously emphasized resistance effect around 2640 is becoming evident, and the focus will shift to the support and resistance conversion at the 2500 level.
3. New Developments in U.S. Legislation: The U.S. House of Representatives plans to review the CLARITY, anti-CBDC, and GENIUS bills during the week of July 14, and the direction of these bills will have a significant impact on the financial markets.
4. Statement on Dollar's Status: Bascent denies that the decline of the dollar will threaten its status as a major world currency, sparking widespread discussion in the market about the future trend of the dollar.
5. Trump Bill Signing Imminent: Trump will sign the "Beautiful Big Bill" at 5 AM on Saturday. The preceding tax cuts and spending bill have already passed in the House, and its implementation may trigger market volatility.
6. U.S. Treasury Secretary Makes Major Remarks: The U.S. Treasury Secretary revealed that about 100 countries are expected to receive at least 10% reciprocal tariffs and will announce several trade agreements. Additionally, it was hinted that if the Federal Reserve does not lower interest rates at this meeting, the cut in September may be larger, making the direction of economic and monetary policy the market focus.
