Bitcoin may continue to pump after hitting a new high, Ethereum breaks $3000 attracting follow.

Market Observation

Recently, the U.S. President announced a policy of imposing tariffs on most trading partners, which has triggered market fluctuations. Nevertheless, major U.S. stock indices have reached new highs, with Nvidia's market capitalization surpassing $4 trillion for the first time. JPMorgan's CEO warned that the market's reaction to the threat of tariffs has been overly subdued, predicting a 40%-50% chance of interest rate hikes by the Federal Reserve. There are divisions within the Federal Reserve regarding the direction of policy, and the inflation data in the coming months will be crucial. Investors are currently shifting their focus to the second quarter earnings season, with some analysts believing that the market's expectations for corporate profits are overly pessimistic.

In terms of digital asset policy in Hong Kong, the latest released "Hong Kong Digital Asset Development Policy Declaration 2.0" incorporates digital assets into the global financial center strategy and promotes several specific measures. Some financial institutions are actively participating in related practices, including issuing tokenized fund ETFs and supporting the compliant listing of stablecoins.

Bitcoin recently reached a new high of $117,000 and remains strong. On-chain data shows a significant increase in the holdings of accumulation addresses, and analysts predict that large-scale profit-taking is unlikely before $130,900. Models indicate that there is a 60% probability that Bitcoin will continue to pump by 20% in the next two months. Regarding Ether, it broke through $3,000 driven by large purchases, with ETF net inflows reaching the second-highest level in history. Analysts point out that Ether has returned to an upward trend and is expected to replicate the previous rapid rise to $4,000 after breaking through $2,800.

The altcoin market is generally on the rise, with several newly listed tokens showing significant gains. Among them, HYPER has risen over 455% on a certain trading platform, leading in trading volume; AIN and CROSS have also surged due to listing news. In addition, tokens like BANANAS31 and VIC have shown notable increases recently, and the NFT project Pudgy Penguins continues to see high trading activity. It is worth noting that after the acquisition of a certain on-chain tool, the similarly named token experienced significant volatility, leading multiple traders to short it with leverage.

Key Data

• Bitcoin:116,539 USD, year-to-date +24.97%
• Ethereum: $2,968.02, year-to-date -11.02%
• Fear and Greed Index: 72( Greed )
• Market share: BTC 63.8%, ETH 9.8%
• 24-hour liquidation: 240,219 people worldwide, total amount 1.136 billion USD

ETF Fund Flow

• Bitcoin ETF: +$1.179 billion, the second highest in history
• Ethereum ETF: +$383 million, second highest in history

Today's Outlook

• Multiple projects will have token unlocks, including IMX, IO, MOVE, AGI, APT, etc.
• A certain trading platform will launch CROSS and AIN perpetual contracts.
• PUMP will launch its initial token offering on July 12.

Hot News

• HYPER has the highest trading volume on a certain trading platform, with a 24-hour rise of 455%.
• The Shanghai Municipal State-owned Assets Supervision and Administration Commission held a meeting to study the trends of cryptocurrencies and stablecoins.
• Publicly traded companies increased their holdings by 12648 ETH, worth 35.31 million dollars.
• A certain asset management company updated the "proposed asset inclusion list", adding 31 types of tokens.
• Large holders' BTC long positions reached 347 million USD, with an unrealized profit of 20.11 million USD.
• The total assets of the Cardano Foundation amount to $659 million, with 76.7% in ADA.
• CryptoQuant: The U.S. buying pressure drives Bitcoin to new highs, bullish sentiment may continue.
• A well-known individual promised to purchase $100 million worth of TRUMP tokens.

The best performing projects in the market include Omni Network, Hyperlane, CROSS, MemeCore, and Banana For Scale, all of which have risen by more than 55%.