BTC returned to $120,000 last night, but this position did not stabilize. However, this position shows that it is not the peak of this round of bull market. It is about to enter August. It is estimated that the market will hype the Fed's interest rate cut expectations in September, so the market will be even crazier in August and September;

ETH is just a short-term correction. I think the market is more worried these days. In fact, the trend will not go away as soon as it comes. There must be a long cycle process;

The current market trend is very clear. The next rhythm was also written in last night's article. Let the big coins fly first, and then it will be the turn of small coins. When it is the turn of small coins to fly and retail investors are in high spirits, it will be the peak of this round;

Talk about today's market hot spots:

1. US cryptocurrency stocks rose and fell, Circle (CRCL) fell 8.23%, Coinbase (COIN) fell 2.22%, MARA Holdings (MARA) rose 5.58%, BTCS (BTCS) rose 5.59%, Bit Digital (BTBT) fell 1.51%, SharpLink Gaming (SBET) rose 8.54%, Bitmine Immersion (BMNR) rose 1.92%;

2. BNB hit a new all-time high, reaching $804, which is also the third historical ATH target after#BTC#XRP;

3. The post reported by CFX was deleted, and the price of the currency also fell randomly. Calculated from the higher point, it has fallen by 36%. There is no sustained FOMO in the current market sentiment, so don’t chase high prices when trading altcoins;

4. The first project of KaitoAI Capital Launchpad, espressoFNDN, was launched, with a FDV of 400 million US dollars. 50% will be released after 1 year, and the other 50% will be released linearly in another year. Under this condition, both the platform and the project party are very confident;

5. The meme on the Bonk platform has been crazy. The market value of memecoin has been directly pulled from more than 700,000 to 30M+ in the past two days. In addition,#useless#ani and others have resumed the rising mode;

6. Pump’s market share continues to be diluted. In the past few days,#PumpThe price of the coin has also continued to break and is still underwater;

7. The U.S. Securities and Exchange Commission (SEC) approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF, covering assets including $BTC, $ETH, $XRP, $SOL, $ADA, $SUI, $LINK, $AVAX, $LTC, $DOT; #cryptouniverseofficial