🌍 July Macro Data Shows Crypto Resilience – BTC and ETH Hold Strong Amid Volatility
Despite ETF outflows, Mt. Gox distributions, and German government sell pressure, Bitcoin (BTC) has shown remarkable resilience in July. After dipping to $53,500, BTC rebounded and is now trading above $118,000, with a recent high of $123,0003. Ethereum (ETH) has held above $3,000, supported by ETF optimism and institutional accumulation.
📊 Key Metrics:
BTC price: $117,912 – $118,027, up 0.62% daily5
ETH price: $3,144, up 6% daily
BTC ETF inflows: $3.1B, ETH ETF outflows: $542M
Stablecoin net issuance: $2.9B, signaling improved liquidity
🧠 Why It Matters:
BTC’s rebound shows strength despite $3B in sell pressure from Germany
ETH’s ETF debut reflects growing institutional interest, despite short-term volatility
Stablecoin inflows suggest market confidence and readiness for Q3 rotation
💬 Community Insight:
“July was a stress test — and crypto passed,” says analyst Jianing Wu
The market is now consolidating between $116K and $125K, with upside targets near $135K–$145K
🔍 What’s Next?
With rate cuts anticipated and ETF momentum building, Q3 could see renewed strength across BTC, ETH, and altcoins. Watch for Mt. Gox distribution impact, ETH ETF stabilization, and stablecoin velocity as key indicators.
📢 Your Take:
Is crypto truly resilient or just riding temporary macro relief?
Drop your thoughts below 👇
#Bitcoin #Ethereum #MacroTrends #CryptoResilience
