7.16 Market Highlights:
1. BTC has started to fluctuate in a disorderly manner, and the adjustment may not be over yet. During the consolidation period, ETH is taking over, maintaining above 115k, which still indicates strength;
2. ETH has successfully formed a bottom compared to BTC, driving altcoins into their performance moment. The bears are speaking!!
Try to select quality assets with large market capitalization and strong consensus, in line with the rotating market trend; a big bull really is coming;
3. The House vote failed, causing three cryptocurrency bills, including stablecoin regulations, to be unable to enter the formal review stage;
4. June's CPI annual and monthly rates met expectations, while the core CPI annual and monthly rates were both below expectations;
5. Trump stated that Becerra is a candidate to replace the Federal Reserve Chair, but he is satisfied with Becerra's performance as Treasury Secretary;
6. There was a large outflow in the stablecoin market, with an outflow of 614 million today, USDT inflow of 357 million, and USDC outflow of 941 million;
