- Bitcoin price volatility and market strategy divergence: On July 28, Bitcoin's price fluctuated between 117,000 and 119,800, forming a short-term dual-directional pattern. Some KOLs attempted to short at high levels in anticipation of a pullback, while others expect it to surge to 130,000 dollars.
- Ethereum leads with strong gains: On July 28, Ethereum strongly broke through the 3860 mark, reaching 3862.19. KOLs generally expect it to continue rising to over 4000, attracting a lot of attention.
- Implementation and impact of stablecoin-related legislation: On July 17, the U.S. House of Representatives passed the (Genius Bill), which officially took effect. It aims to promote the development and innovation of stablecoins in the U.S., attempting to advance the dollar as a global reserve asset through the collaboration of private stablecoins and national-level digital asset reserves, sparking widespread discussion in the market about the future landscape of digital currencies and the financial system.
- Overall performance of the cryptocurrency market and mainstream coins: On July 28, the market exhibited a strong oscillating trend, with mainstream coins like SOL, BNB, XRP, and ENA experiencing varying degrees of rebound.
- Extension of tariff suspension between China and the U.S. and its impact: The U.S. and China extended the suspension of tariffs by 90 days, interpreted by the market as positive news, leading to simultaneous gains in U.S. stocks and Bitcoin.
- Concerns about stablecoin liquidity and DeFi projects: On July 1, central bank governors discussed changes in stablecoin liquidity; on July 4, the U.S. Senate voted on the 'Big Beautiful' bill, which may affect DeFi TVL and on-chain leverage.
Major recent events involving Trump
- Signing the cryptocurrency bill: On July 18, Trump signed a cryptocurrency bill in the East Room of the White House. This move aims to promote innovation and development in the digital asset sector in the U.S., providing a clearer regulatory framework and compliance pathways for the cryptocurrency industry. It is also seen as an important step in the strategy to develop a digital dollar and enhance the global advantage of the dollar.
- Pushing for interest rate cuts by the Federal Reserve: On July 25, Trump stated that he had reached an agreement with Federal Reserve Chairman Powell on interest rate cuts, requesting a more accommodative monetary policy to stimulate the U.S. economy, relieve economic pressure, and improve the job market. This news had a significant impact on financial markets, including the cryptocurrency market, triggering widespread attention and volatility.
- Pressuring Powell and the impact of Federal Reserve policies: On July 31, the Federal Reserve will announce its interest rate decision, with the market closely monitoring Trump's influence on Federal Reserve policy and the subsequent effects of the Fed's decisions on the economy and market direction. Additionally, the Fed's policy direction will indirectly affect the cryptocurrency market, influencing market liquidity, investor sentiment, and risk appetite.
- Dynamics of tariff policies: On July 3, Trump announced a 20% tariff on goods exported from Vietnam and a 40% tariff on goods from third countries transiting through Vietnam; on July 6, he stated that an additional 10% tariff would be imposed on countries adopting 'anti-American policies' among BRICS nations; on July 7, he announced that previously announced high tariffs would take effect on August 1; on July 8, he announced a 50% tariff on imported copper and plans to tax semiconductors and pharmaceuticals. These adjustments to tariff policies have significant implications for the global economic landscape and trade relations.
- Supporting the development of the cryptocurrency industry: In July, Trump reiterated that he would create a cryptocurrency reserve containing five cryptocurrencies and added that he would make the U.S. the 'crypto capital of the world.' Additionally, Trump's media and technology group filed documents with the U.S. Securities and Exchange Commission in July seeking approval to launch its own 'crypto blue-chip ETF,' further increasing attention and enthusiasm for the cryptocurrency market.
If you find my posts useful, please like and follow me to support, thank you 🙏🏻 I will continue to update more quality content daily to share with everyone! You are also welcome to visit my live stream next time.
#BNB创新高 #美国与欧盟达成关税协议 #巨鲸动向 #山寨季來了？ #卡尔达诺稳定币提案 $BTC
