Global Crypto Assets Market Dynamics: Bitcoin Approaches 110,000 USD Threshold, Ether Faces Important Resistance

Market Overview

The global trade situation remains uncertain, as the United States has extended the tariff suspension period to August 1, but still threatens to increase taxes on imports from major trading partners. The tariffs currently in place are equivalent to a tax of 1.5% of GDP on American importers, with annual tariff revenue exceeding $300 billion. The lagging effect of tariffs on inflation is expected to be reflected in the July CPI data.

The Federal Reserve faces a policy dilemma: one-year inflation expectations have fallen to 3%, but there are still significant pressures in subcategories such as medical costs and university tuition. The labor market shows conflicting signals, with concerns about unemployment easing but the difficulty of reemployment increasing.

The Hong Kong "Stablecoin Regulation" will come into effect in August, and the market is full of expectations for compliance dividends. The regulatory framework will cover core requirements such as anti-money laundering and reserve audits, with the first batch of licenses possibly being issued within the year. However, for stablecoins to disrupt the traditional payment system, they still need to overcome obstacles such as profit distribution, cross-border regulatory coordination, and systemic risk testing.

Crypto Assets Market Analysis

Bitcoin is fiercely battling around the $110,000 mark. If it cannot break through this resistance level, it may fall back to $100,000; on the contrary, it is expected to challenge $120,000. Some analysts predict that based on the trend of M2 money supply, Bitcoin may rise to a range of $120,000 to $125,000 in the next phase. From a long-term cycle perspective, the peak of this bull market may occur between mid-September and mid-October 2025.

Ethereum is approaching the triangular resistance level of 2630 USD after breaking through 2600 USD, and it is advisable to pay attention to changes in trading volume to confirm the trend. The optimistic market sentiment has also transmitted to related stocks, with companies like GameSquare, Sharplink, and Bit Digital seeing significant price increases.

In the altcoin market, Vertex announced the migration of its DEX to other networks and the elimination of its native token VRTX, resulting in a 60% plunge in VRTX. The Solana ecosystem token LetsBONK experienced a pullback of over 30%, and the market currently lacks new hotspots.

Key Data

• Bitcoin: $108,513 (Year-to-date +15.99%), Daily trading volume $21.324 billion
• Ethereum: $2,600.10 (Year-to-date -22.06%), Daily trading volume $15.521 billion
• Fear and Greed Index: 67 (Greed)
• Market share: BTC 64.2%, ETH 9.3%
• Total liquidation amount in 24 hours: 121 million USD

ETF Fund Flow

• Bitcoin ETF: +80.08 million USD, continuous net inflow for 4 days
• Ethereum ETF: +$46.6308 million, net inflow for 3 consecutive days

Industry Trends

• A well-known investment institution has liquidated its COMP holdings and transferred 400,000 COMP to the trading platform.
• A stablecoin issuer holds $8 billion worth of gold in a secret vault in Switzerland.
• Global gold ETFs increased by $38 billion in the first half of the year, with average daily trading volume hitting a half-year record.
• Multiple listed companies have increased their holdings in Ethereum or are engaging in related businesses.
• The number of addresses holding BONK is about to surpass 1 million, at which point 1 trillion tokens will be burned.

The current Crypto Assets market is at a critical breakthrough stage, and investors need to closely monitor the technical breakout situation and changes in macroeconomic policies, making prudent arrangements.