BTC returned to 120,000 dollars last night but did not stabilize; 120,000 dollars will definitely not be the peak of this cycle. August is about to begin, and news regarding the market speculation on interest rate cuts is expected to start appearing frequently in late August.

Ethereum also experienced a temporary pullback yesterday. As mentioned yesterday, once listed companies buy in, they will not easily stop. Now, some old mainstream cryptocurrencies have already reached new highs, such as XRP and platform token BNB. This round of momentum should revolve around the old mainstream first, and later it will be the turn of smaller cryptocurrencies.