Yesterday, the market and various groups were full of news celebrating Bitcoin Pizza Day. Just yesterday, Bitcoin once again hit a historical high of 111,980!
In this atmosphere, everyone excitedly celebrates this holiday belonging to Bitcoin: 15 years ago, a programmer bought two pizzas with 10,000 Bitcoins. The historical significance of this event goes without saying; it symbolically endows Bitcoin with intrinsic value. However, altcoins have not seen a blooming market; funds within the circle are still in a wait-and-see state! The reason why various altcoins are not active now is that this round has not seen a decent altcoin bull market, and everyone has been in a low mood for too long; the market needs more confirmation of an upward trend to get moving. The funds driving Bitcoin and altcoins are not the same; now, external funds come in, only recognizing Bitcoin as the core asset, so they only buy Bitcoin, and altcoins are temporarily not bought. For altcoins to rise, they need the internal funds of the crypto circle to work together! Trump's tariff policy impacts the global market. However, today the market swung violently between Trump's tariff storm and institutional buying; the crypto circle overall corrected, mainly due to Trump's influence, with the bears saved by Trump's mouth...
1. Trump stated that iPhones sold in the U.S. should be manufactured domestically and warned that if production continues abroad, Apple could face a 25% tariff.
2. Trump proposed a 50% tariff on the EU, scheduled to take effect on June 1, 2025.
But I still feel that this is just Trump's talk and not something he is really prepared to do; however, the June 1 date still needs to be noted! Warning of major events in the last two weeks!
Finally, I want to share a thought on how to choose altcoins next!
The old coins that rose 5-10 times at the end of last year actually do not need too much attention because most of the current mainstream old coins follow the market trend and find it difficult to create independent markets. Independent upward effects like AXS and PEPE (except for memes) are quite rare. Many people believe that mainstream old coins will not be easily delisted, and they will increase their positions when prices drop, but in reality, the main funds are often dispersed, and most may flow to emerging projects.
When the altcoin market started in November last year, many chose to chase new coins in the secondary market, reasoning that the main characters in the market rally in March 2024 were mostly new coins, leaning towards 'trading new instead of old', trying to replicate the altcoin market in March 2024.
However, what happened? The main funds turned to lift the old mainstream coins, causing investors fully invested in new coins to miss out completely. Now, many people are starting to replicate the market from November 2024, fully invested in old mainstream coins, hoping they will rise significantly. However, the movement of main funds is difficult to grasp, and capturing independent markets is not easy.
Next, we need to pay attention to the three sectors of AI, RWA, and Meme!
The previous articles on AI and meme sectors have been discussed, and interested friends can look back at the previous articles!
Why is it said that we can pay attention to the RWA sector recently? This news above is enough!
The cryptocurrency exchange Kraken plans to allow non-U.S. customers to trade popular stocks like Apple (AAPL.O), Tesla (TSLA.O), and Nvidia (NVDA.O) in token form via a digital ledger. The company stated that this 'tokenized stock' will make it easier for non-U.S. individuals to invest in U.S. stocks.
Like Bitcoin, they trade 7 days a week, 24 hours a day, even when the US stock market is closed. They will start launching tokenized stocks in the coming weeks, which will be listed in Europe, Latin America, Africa, and Asia. RWA traditional asset tokenization is a significant step for the RWA sector!
Moreover, the leading token of the RWA sector, ONDO, also has good news! Ondo Finance announced the launch of the 'OndoGlobal Markets' platform, which will support on-chain trading of public securities (including stocks) on the Solana blockchain. As competition intensifies for traditional financial markets to migrate to blockchain, the platform plans to integrate deeply with the Solana DeFi ecosystem. In simple terms, this is equivalent to the largest consortium in the U.S. mapping the entire U.S. stock market on the Solana chain!
That's all for today; I am July, and you can follow the daily article updates!
The lone traveler is swift, but the crowd travels far! Everyone is welcome to follow and discuss the market together!