Market Dynamics

Bitcoin Price Volatility: Bitcoin has performed strongly recently, breaking through the $110,000 mark, reaching an all-time high, driven by increased interest from institutional investors. On July 18, Bitcoin's price approached $120,000, reflecting optimistic sentiment in the market regarding institutional adoption.

Ethereum Breaks Key Levels: Ethereum's price surpassed $3,300, reaching a high of $3,400, with a liquidation amount of $182 million for short positions in the past 24 hours, indicating heightened market sentiment.

Solana Ecosystem Challenges: Solana (SOL) is facing two major headwinds recently, including on-chain projects experiencing hacking attacks, putting pressure on its ecosystem and token value.

Stablecoins and Traditional Finance Integration: Stablecoins and cryptocurrencies are gaining recognition for enhancing financial service efficiency and reducing costs, with an increasingly obvious trend of integration with the traditional financial system.