Crypto market dynamics this week
The overall crypto market was active this week. BTC rose by 0.81%, and the trend was relatively weak, not as good as the performance of altcoins. From a technical point of view, BTC faced obvious pressure near $110,000, with the 1-hour K-line showing a top pattern and the MACD indicator showing a "death cross". The short-term support level was at $105,000, and the overall price remained in the range of $105,000-110,000. In contrast, ETH rose by 3.1% this week, outperforming the median of the Top 100 altcoins, showing a trend of large-volume growth, and successfully breaking through the key pressure level of $2,600. It is expected to consolidate between $2,500-2,600 in the short term. Altcoins generally rose, with a median increase of 2.75% in the past 7 days. Among them, PENGU rose by as much as 59.10%, leading the gains, while Pi fell by more than 20%, ranking first in the decline. In terms of ETFs, BTC and ETH spot ETFs have recorded net inflows for several consecutive days, indicating that institutional funds continue to be optimistic.
This week's popular coins
In terms of popular currencies, BONK, MONDENG, DEGENAI, FUN and LOBO all performed well. BONK's price rose 47.8% this week, and its current market value is $175M. MOODENG's price rose 17.37%, and its current market value is $18M. FUN's price rose 22.6% this week, with the highest price of 0.01518USDT. DEGENAI and LOBO rose 467.92% and 274.07% respectively.
US market and hot news
Stocks rose strongly in a holiday-shortened week, with the S&P 500 and Nasdaq hitting further all-time highs and the Dow Jones nearing a new all-time high. Tesla shares fell slightly on various headlines. Shares have fallen slightly since the launch of its self-driving taxis on June 22. Uber (UBER) and Mobileye (MBLY) were big winners.
Delta Air Lines (DAL) kicks off second-quarter airline results on July 10. Also on Thursday, artificial intelligence chip giant TSMC (TSM) will report June and second-quarter sales, which are critical to customers like Nvidia (NVDA), Broadcom (AVGO) and Apple (AAPL).
Trump: No intention to extend the 90-day tariff suspension period for most countries and regions beyond July 9
The U.S. Senate Banking Committee plans to hold a market structure hearing on July 9, with Ripple, Paradigm and others participating
Popular sections and projects unlocked
Solana Meme
The Solana Meme sector is a category of tokens and projects derived from Meme culture in the decentralized ecosystem based on the Solana blockchain. It has rapidly risen with its low transaction costs, high-speed transactions, and community-driven characteristics. These meme coins are usually themed around humor, satire, or pop culture, attracting a large number of retail investors and community participants, and spreading rapidly through social media and on-chain activities. Solana's high-performance blockchain provides these projects with low-cost, high-throughput technical support, making it an important incubation platform for the Meme economy. ——The sector has risen 15.5% in the past 7 days, with IKUN and HOSICO rising 392% and 177% respectively.
Neon (NEON) will unlock approximately 53.91 million tokens at 8:00 am Beijing time on July 7, accounting for 22.51% of the current circulation, with a value of approximately US$5 million.
io.net (IO) will unlock approximately 13.29 million tokens at 8:00 pm Beijing time on July 11, accounting for 7.87% of the current circulation and worth approximately US$9.1 million.
Movement (MOVE) will unlock approximately 50 million tokens at 8:00 pm Beijing time on July 11, accounting for 1.92% of the current circulation and worth approximately US$7.7 million.
Aptos (APT) will unlock approximately 11.31 million tokens at 10:00 pm Beijing time on July 12, accounting for 1.75% of the current circulation and worth approximately US$49.9 million.
Risk Warning:
Use of BitMart services is entirely at your own risk. All cryptocurrency investments (including earnings) are highly speculative in nature and involve substantial risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results.
