Recently, the crypto assets market has shown a strong rising momentum, with the total market capitalization breaking the 4 trillion USD mark again, setting a historical second-high record. In this round of rise, Ethereum (ETH) and other mainstream altcoins have performed particularly well, while Bitcoin (BTC) has shown a relatively mild sideways consolidation trend.



In the past week, ETH has led the market with a rise of up to 31.63%, reaching a high of $3,860. Following closely is Solana (SOL), which broke through the $200 mark with a weekly increase of 26.74%. Ripple (XRP) also showed strength with a rise of 28.34%. The strong performance of these mainstream alternative coins reflects the increasing confidence of investors in non-Bitcoin crypto assets.

Meanwhile, Bitcoin entered a correction period after reaching a historical high of $123,218. Last week, the BTC price fluctuated between $116,000 and $119,000, with a maximum volatility of 4.54%. As of the latest market situation, the BTC price is stable around $117,700.

The recent rise in Crypto Assets is believed to be driven by multiple positive factors, including the passage of the U.S. "GENIUS Act" and easing inflation pressures. These positive signals have prompted funds to flow from Bitcoin to other Crypto Assets, driving the overall market's rise.

It is worth noting that the traditional financial markets have performed relatively flat. Last week, the three major U.S. stock indices showed mixed results, with the Dow Jones Industrial Average slightly declining, while the S&P 500 and Nasdaq indices rose slightly. Market attention has shifted to the tech giants that are about to announce their earnings reports.

As the cryptocurrency market continues to heat up, investors need to closely monitor potential regulatory changes and macroeconomic factors, which may have a significant impact on market trends. Meanwhile, the highly volatile nature also reminds participants to pay attention to risk management and to rationally view the sharp price fluctuations in the short term.
ETH-2.02%
BTC-2.67%
SOL-5.32%
XRP-5.53%
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GhostAddressHuntervip
· 21h ago
The bull run has arrived, right?
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GateUser-a606bf0cvip
· 07-23 14:09
Pass the baton.
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ConsensusDissentervip
· 07-23 08:52
Bitcoin is going to take a break.
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SchroedingerAirdropvip
· 07-23 08:52
Whales really know how to have fun.
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SneakyFlashloanvip
· 07-23 08:42
Is BTC weak or not?
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failed_dev_successful_apevip
· 07-23 08:40
The bull run has finally kicked off!
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BlockchainGrillervip
· 07-23 08:27
btc looks like it's going to drop
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LonelyAnchormanvip
· 07-23 08:22
BTC is going down, right?
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