Ethan稳赚百亿
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Cryptocurrency Market Focus: Price Fluctuations and Policy Regulation Concurrently
Recently, the cryptocurrency market has been full of hotspots, with significant price fluctuations and new developments in policy regulation.
In terms of price, Bitcoin's performance is noteworthy, having once broken through $120,000 to set a new historical high. Currently, the price is stable around $118,500, as the market awaits the Federal Reserve's interest rate decision. Standard Chartered analysts warn that if the key support level is breached, it may drop to $90,000. Ethereum is also maintaining its popularity, driven by the growth of the DeFi and NFT ecosystems, having risen to over $3,700. Although there has been a short-term correction, it remains a focal point of market attention. Additionally, the Memecoin sector is bustling, with BONK's price increasing by 38% in the past week, and spot players aggressively buying $31.44 million, with the weighted financing rate for open contracts positive, indicating strong bullish sentiment. DOGE has seen a 52.4% increase in the third quarter of this year, with nearly $10 billion in new capital flowing in; however, there are also smart investors cashing out at high levels, raising doubts about the future trend.
On the policy and regulatory front, the first federal cryptocurrency bill in the U.S., the "GENIUS Act," has been signed, clarifying the compliance framework for stablecoins and promoting the participation of traditional financial institutions in RWA tokenization. The "CLARITY Act" has also been approved by the House of Representatives, aiming to regulate the market structure for digital assets, and will next enter the Senate for review. Domestically, the Shanghai State-owned Assets Supervision and Administration Commission convened a special study meeting on July 10 to discuss the development trends and response strategies for stablecoins, indicating that stablecoins are gradually entering the mainstream view, with the potential for expanding their "identity legitimacy" boundaries.
Overall, the cryptocurrency market currently presents both opportunities and risks; while price fluctuations create investment opportunities, changes in policy regulation will also profoundly impact the industry's future direction. Investors need to closely monitor market dynamics and make cautious investment decisions.
Recently, the cryptocurrency market has been full of hotspots, with significant price fluctuations and new developments in policy regulation.
In terms of price, Bitcoin's performance is noteworthy, having once broken through $120,000 to set a new historical high. Currently, the price is stable around $118,500, as the market awaits the Federal Reserve's interest rate decision. Standard Chartered analysts warn that if the key support level is breached, it may drop to $90,000. Ethereum is also maintaining its popularity, driven by the growth of the DeFi and NFT ecosystems, having risen to over $3,700. Although there has been a short-term correction, it remains a focal point of market attention. Additionally, the Memecoin sector is bustling, with BONK's price increasing by 38% in the past week, and spot players aggressively buying $31.44 million, with the weighted financing rate for open contracts positive, indicating strong bullish sentiment. DOGE has seen a 52.4% increase in the third quarter of this year, with nearly $10 billion in new capital flowing in; however, there are also smart investors cashing out at high levels, raising doubts about the future trend.
On the policy and regulatory front, the first federal cryptocurrency bill in the U.S., the "GENIUS Act," has been signed, clarifying the compliance framework for stablecoins and promoting the participation of traditional financial institutions in RWA tokenization. The "CLARITY Act" has also been approved by the House of Representatives, aiming to regulate the market structure for digital assets, and will next enter the Senate for review. Domestically, the Shanghai State-owned Assets Supervision and Administration Commission convened a special study meeting on July 10 to discuss the development trends and response strategies for stablecoins, indicating that stablecoins are gradually entering the mainstream view, with the potential for expanding their "identity legitimacy" boundaries.
Overall, the cryptocurrency market currently presents both opportunities and risks; while price fluctuations create investment opportunities, changes in policy regulation will also profoundly impact the industry's future direction. Investors need to closely monitor market dynamics and make cautious investment decisions.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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