Recent movements in the cryptocurrency market show an increase of 0.79%, boosted by weekly gains of 2.12%. This rise is mainly attributed to several key factors:
1. ETH accumulation by institutions:
Reports suggest that BlackRock is buying Ethereum at a rate 15 times faster than Bitcoin, leading to a supply contraction. This institutional accumulation strengthens the 'supply shock' narrative that could drive Ethereum's price higher.
2. Strong momentum in the BNB ecosystem:
Binance Futures recorded a record trading volume of $100 billion in July 2025, with altcoins accounting for 71% of the activity. Additionally, the rise in BNB price to its all-time high ($868.68) reflects investor confidence in the Binance ecosystem.
3. Positive economic data:
The U.S. Consumer Price Index data came in line with expectations, alleviating concerns about inflation and giving a boost to risk assets such as cryptocurrencies.
In summary:
The current rise reflects selective optimism driven by institutional purchases of Ethereum, BNB momentum, and stable economic data. However, the decline in spot trading volume indicates that investors are exercising caution.
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