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The Crypto Assets market has recently experienced a series of major events, leading to significant Fluctuation and widespread follow.
Regarding Bitcoin, the price reached an all-time high of $123,000 on July 15, with an increase of over 70% in three months. This round of increase was mainly driven by factors such as the halving cycle, institutional accumulation, and favorable policies. However, the good times did not last long, as the market suddenly reversed the next day, with Bitcoin's daily decline exceeding 5%, leading to a large number of investors being liquidated, with total losses nearing $500 million.
Market analysis suggests that this pullback is related to the divisions in the U.S. political arena regarding the encryption bill. Thirteen members of the Republican Party opposed the bill in the vote, raising concerns in the market about regulatory uncertainty. In the following days, the price of Bitcoin continued to fluctuate under the influence of policy news, indicating that the market is in a game between the realization of favorable policies and profit-taking.
At the same time, the Ethereum ecosystem is also showing a booming development trend. On July 18, the price of Ethereum broke through $3600, approaching the yearly high. This surge is closely related to recent technical upgrades, especially the launch of the Pectra upgrade, which introduced multiple core features, significantly enhancing network performance and developer friendliness.
It is worth noting that global companies are accelerating their accumulation of Ethereum. As of July, more than 85 publicly traded companies hold approximately 1.6 million ETH, accounting for 1.9% of the total circulation. Among them, BitMine has become the largest publicly listed company by ETH reserves with a holding of 300,700 ETH. This trend reflects institutional investors' confidence in Ethereum as a "digital reserve asset" and their optimism regarding its staking returns.
In addition, the Ethereum community is about to celebrate the 10th anniversary of the birth of the genesis block, with offline gatherings and on-chain activities being held simultaneously around the world, which is expected to further boost market sentiment.
Overall, although the Crypto Assets market may face Fluctuation in the short term, the long-term development trend remains positive. Investors should closely follow policy trends and technological developments, and view market Fluctuation rationally.