📈 Daily Market Review 📉
🔸Overview:
On July 24, BTC dropped to $65,500 (-4%) due to Mt.Gox asset distribution
The US spot Ethereum ETF underperformed
Investors are cautious, but L2 solutions and emerging projects attract attention
🔸Bitcoin Market:
BTC fell to $65,500(~4%)
Mt. Gox moved $2.85B worth of BTC, planning to distribute 5,110 BTC
🔸Ethereum ETF:
US spot Ethereum ETF's first-day trading volume exceeded $1B
🔸Macroeconomic Data:
The People's Bank of China cut interest rates by 0.25%
The US government transferred ~58 BTC to Coinbase Prime
🔸Daily Focus:
Mt.Gox Asset Distribution:
Nearly $9B in BTC and BCH to be released to creditors
Ethereum ETF Launch:
First-day performance below expectations
Franklin ETF fell 4.1%, VanEck ETF dropped 1.3%
🔸Next Focus:
L2 & Cross-Chain Technology:
Pudgy Penguins raised $11M for Eth L2 Zetachain partnered with Alchemy, Tenderly, and Ledger
Emerging Projects & Protocols:
AVAIL mainnet launched
Starknet to release v0.13.2 update
Read the full review: 👉HERE👈
🔸Overview:
On July 24, BTC dropped to $65,500 (-4%) due to Mt.Gox asset distribution
The US spot Ethereum ETF underperformed
Investors are cautious, but L2 solutions and emerging projects attract attention
🔸Bitcoin Market:
BTC fell to $65,500(~4%)
Mt. Gox moved $2.85B worth of BTC, planning to distribute 5,110 BTC
🔸Ethereum ETF:
US spot Ethereum ETF's first-day trading volume exceeded $1B
🔸Macroeconomic Data:
The People's Bank of China cut interest rates by 0.25%
The US government transferred ~58 BTC to Coinbase Prime
🔸Daily Focus:
Mt.Gox Asset Distribution:
Nearly $9B in BTC and BCH to be released to creditors
Ethereum ETF Launch:
First-day performance below expectations
Franklin ETF fell 4.1%, VanEck ETF dropped 1.3%
🔸Next Focus:
L2 & Cross-Chain Technology:
Pudgy Penguins raised $11M for Eth L2 Zetachain partnered with Alchemy, Tenderly, and Ledger
Emerging Projects & Protocols:
AVAIL mainnet launched
Starknet to release v0.13.2 update
Read the full review: 👉HERE👈
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