Market dynamics on July 16: BTC price surged, approaching the weekly line of 65,000, ETH ETF will be listed on July 23
I. Market Dynamics
1. BTC surges, approaching the weekly line of 65,000. ETH ETF will be listed on July 23.
2. U.S stocks rise following dovish remarks from Powell.
II. Market Focus
1. MEME's SATS, PEPE, FLOKI, BRETT, WIF, BILLY and others surge significantly. The market rebound is still mainly driven by MEME coins. In the long run, SOL chain's MEME has a longer adjustment period and better fundamentals.
2. ENA rebounds steadily after short squeeze pressure eases off . The bounce in ETH allows ENA to avoid the risk of USDE decoupling . Shorting fee rate for ENA is -100% annualized.
3.Political meme coin FEAR NOT soars while FIGHT plunges significantly.The political meme coins are greatly influenced by individuals with frequent changes in leaders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Next-generation Payment Architecture: EIP-7702 Empowers UXLINK FujiPay
FujiPay has integrated Web2 payment channels to support secure and compliant global stablecoin spending, promoting crypto assets as practical payment tools.
Bitcoin tests the bottom again; 2026 may be a good opportunity to enter the market
This article mainly discusses the role of bitcoin and AI in the future economy and their impact on the risk asset market, as well as predicts the market trends for 2026.
Trending news
MoreCrypto prices
More
