Market dynamics on July 16: BTC price surged, approaching the weekly line of 65,000, ETH ETF will be listed on July 23
I. Market Dynamics
1. BTC surges, approaching the weekly line of 65,000. ETH ETF will be listed on July 23.
2. U.S stocks rise following dovish remarks from Powell.
II. Market Focus
1. MEME's SATS, PEPE, FLOKI, BRETT, WIF, BILLY and others surge significantly. The market rebound is still mainly driven by MEME coins. In the long run, SOL chain's MEME has a longer adjustment period and better fundamentals.
2. ENA rebounds steadily after short squeeze pressure eases off . The bounce in ETH allows ENA to avoid the risk of USDE decoupling . Shorting fee rate for ENA is -100% annualized.
3.Political meme coin FEAR NOT soars while FIGHT plunges significantly.The political meme coins are greatly influenced by individuals with frequent changes in leaders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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