The Fed's policy direction draws attention, and the price trend of Bitcoin is controversial.

US policy trends spark market follow, Bitcoin price trends spark discussion

Market Observation

The Federal Reserve's monetary policy is facing a complex situation. Chairman Powell stated that if it were not for the tariff plans that could affect inflation control, the Fed might have already cut interest rates. Although there was no clear decision on the July rate, it hinted at increased flexibility in policy, and future weak employment data may lower the threshold for rate cuts. Regarding U.S. fiscal policy, the highly anticipated tax and spending bill has passed the Senate by a narrow margin, and the House of Representatives will debate and vote on it on Wednesday. This bill has far-reaching implications, planning to cut taxes, reduce social welfare spending, while increasing military and immigration enforcement budgets, expected to add up to $3.3 trillion to the national debt over the next decade. In terms of trade, the president's stance is tough, and he will not postpone the July 9 tariff deadline, particularly pressuring Japan, which exacerbates uncertainty in global markets. Due to the Independence Day holiday, U.S. stock markets will close early at 1 a.m. on July 4 and will be closed all day on July 4.

On the occasion of the 28th anniversary of Hong Kong's return, a licensed virtual asset exchange has set up an offline experience booth at the West Kowloon High-Speed Rail Station to provide convenient services to the public. The chief analyst of the exchange stated that the development of Web3 is not only a technological iteration but also a reshaping of efficiency and trust paradigms. The year 2025 is seen as an important turning point for Hong Kong to restart with digital sovereignty and institutional innovation. Against the backdrop of accelerated trends in on-chain efficiency improvement and the institutionalization of digital assets, Hong Kong is expected to play a leading role in the new global financial order.

Bitcoin dropped to $105,000 this morning. Analysts from a trading platform pointed out that the upward momentum has weakened for the first time, potentially entering a consolidation phase or a local top. The decrease in spot trading volume and the increase in profit-taking make the short-term holder's cost price of $98,700 a key support. Historical data shows that the third quarter typically performs poorly, with an average return rate of 6%. Price volatility is expected to decrease, and the trend may continue to oscillate within a range. Statistics indicate that in the past ten years, seven Julys recorded increases, with an average rise of 9.1%, supporting the market's expectation to challenge the $116,000 level. More pessimistic analysts warn that a real sell-off has not yet begun, predicting that the price may drop below $100,000 to a range of $92,000-$93,000, and could even touch a potential bottom of $60,000-$70,000. Meanwhile, altcoins may face a further decline risk of 50%-80%.

The on-chain market has been lukewarm recently, with no hot fast-track trading seen. However, the blockchain stock boom has brought some highlights, as a certain company's stock price has reached an all-time high, driving a significant increase in the market value of Meme coins on the Solana chain.

Can Bitcoin's 9.1% historical increase in July be replicated? Focus on the "Big and Beautiful" bill's implementation before the US stock market closes | HashKey Trading Moment

Key Data

  • Bitcoin: $106,465 (year-to-date +13.8%), daily trading volume $26.059 billion
  • Ethereum: $2,439.94 (Year-to-date -26.88%), Daily Trading Volume $14.38 billion
  • Fear and Greed Index: 63 (Greed)
  • Average GAS: BTC 2 sat/vB, ETH 0.7 Gwei
  • Market Share: BTC 64.6%, ETH 9.0%
  • 24-hour BTC long-short ratio: 1.1186
  • Sector Performance: AI Sector -4.48%, RWA Sector -4.72%
  • 24-hour liquidation: 100,830 people, total amount 256 million USD
  • BTC medium to long-term trend channel: upper bound 107151.13 USD, lower bound 105029.32 USD
  • ETH medium to long-term trend channel: upper edge $2467.39, lower edge $2418.53

Can the historical 9.1% increase of Bitcoin in July be repeated? Focus on the "Big and Beautiful" bill before the US stock market closes | HashKey Trading Moment

ETF Flow

  • Bitcoin ETF: -$342 million (ending 15 consecutive days of net inflow)
  • Ethereum ETF: +40.6798 million USD (net inflow for 3 days)

Today's Preview

  • A trading platform will launch the Echo Protocol(ECHO)
  • A trading platform has launched Wormhole (W)
  • Solana Staking ETF expected to launch
  • A certain trading platform will delist multiple USDT perpetual contract trading pairs.
  • U.S. June employment data released
  • Ethena (ENA) will unlock approximately 40.6 million tokens.

Top 500 by market cap with the largest gains: Humanity Protocol (H) up 106.52%, Cobak Token (CBK) up 50.90%, Useless Coin (USELESS) up 24.89%, Quantum Resistant Ledger (QRL) up 17.70%, Aleo (ALEO) up 16.68%.

Can the historical 9.1% increase of Bitcoin in July be replicated? Focus on the "Big and Beautiful" bill landing before the US stock market closes | HashKey Trading Moment

Hot News

  1. The publicly listed cannabis company established a subsidiary to create a DOGE treasury and related business.
  2. A trading platform will launch CROSS(CROSS)
  3. London-listed companies increase Bitcoin investment ratio to about 40%
  4. Analysis shows that Bitcoin's average increase in July was 9.1%, potentially challenging the $116,000 mark.
  5. The author of "Rich Dad Poor Dad" buys another BTC, believing that it can reach 1 million dollars in the future.
  6. Linghang Pharmaceutical Biotechnology plans to acquire all shares of Conflux.
  7. A Japanese gaming company plans to invest 1 billion yen in the cryptocurrency market.
  8. A certain analysis report: BTC typically performs weakly in Q3, with an average return rate of 6%.
  9. Nasdaq-listed companies have cumulatively purchased $5 million worth of cryptocurrency.
  10. Move Foundation reserve wallet receives 45 million $MOVE
  11. Trusta.AI announced its token economic model, with 3% allocated for airdrops.
  12. The Trump family's related cryptocurrency project raised $220 million for Bitcoin mining.
  13. Goldman Sachs expects the Federal Reserve to start cutting interest rates in September and to lower them three times consecutively.
  14. The Katana mainnet has launched and initiated a 1 billion KAT token incentive program.
  15. A payment company applies for a U.S. bank license to custody stablecoin reserves.
  16. A trading platform plans to launch its own blockchain and introduce "stock tokens" in the EU.
  17. U.S. Treasury Secretary: Stablecoin legislation may be completed by mid-July.
  18. BitMine announces a private placement of $250 million, launching an Ethereum financial strategy.
  19. JPMorgan has assigned a "reduce" rating to a certain payment company, with a target price of $80 by the end of 2026.
BTC2.57%
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OnChainArchaeologistvip
· 08-12 19:09
The mentor of the fish-catching has started predicting again.
View OriginalReply0
SolidityJestervip
· 08-12 19:06
The market is about to start playing roller coaster again, right?
View OriginalReply0
VitaliksTwinvip
· 08-12 18:56
Interest rate cuts are expected. Why not go all in?
View OriginalReply0
BrokeBeansvip
· 08-12 18:56
Preparing to jump the car and Cut Loss.
View OriginalReply0
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