On Monday, the crypto assets market experienced an exciting day. Ethereum (ETH) broke through the $4,300 mark, while Bitcoin (BTC) surged to $120,000, nearing its ATH. The total market capitalization of the entire crypto assets market exceeded $4.1 trillion, with a 24-hour rise of 2.5%, continuously setting new historical records.



This overall rise seems like a meticulously orchestrated symphony, with emotions, trading volume, and valuations rising in sync, bringing unprecedented vitality to the entire crypto world.

The macroeconomic environment also provides strong support for this round of rise. The popular candidate for the Federal Reserve Chair, Waller, tends to implement a "bold interest rate cut" policy, which coincides with Trump's monetary policy philosophy. The market expects a 90% probability of an interest rate cut in September, with possibly three cuts this year. If the upcoming inflation data meets expectations, it will further enhance the market's confidence in improving liquidity.

On-chain data and capital flows also show positive signals. Following the large-scale accumulation of BTC by listed companies and institutional investors, the strategic reserves of ETH have also surpassed 3 million coins, equivalent to approximately $12.83 billion, accounting for 2.51% of the total supply. Meanwhile, the total holdings of ETH ETFs have reached 5.91 million coins, accounting for 4.89% of the total supply.

It is worth noting that large holders with over 100 BTC increased their holdings by 1,249 today, while small holders are selling off in fear. This differentiation in capital flow provides important reference for market trends.

In this strong upward trend, every short-term pullback may become an excellent opportunity to increase positions. Investors should remain disciplined, adopt a staggered investment strategy, but at the same time maintain firm confidence.

In addition to traditional crypto assets, projects that combine artificial intelligence and Web3 technology are also beginning to attract more attention, which may indicate that the next hotspot in the crypto market is forming.
ETH7.27%
BTC0.29%
TRUMP4.6%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
GateUser-a754a847vip
· 08-12 06:01
thank you very much
Reply0
Web3ExplorerLinvip
· 08-12 05:49
hypothesis: btc's dance mirrors the ancient chinese concept of yin-yang flux
Reply0
ChainChefvip
· 08-12 05:46
market's cooking up nicely... this eth sauce is getting spicy fr
Reply0
DeepRabbitHolevip
· 08-12 05:44
Another round of suckers being played for suckers.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)