Crypto Assets Market Dynamics: Bitcoin Breaks $110,000, Ethereum Faces Key Resistance

Market Observation

The uncertainty of U.S. tariff policy continues to impact the market. The tariffs currently in place are equivalent to a tax of 1.5% of GDP on U.S. importers, with annual tariff revenue exceeding $300 billion. The lagging effects of this on inflation are expected to be reflected in the July CPI data to be released in August. The Federal Reserve faces a policy dilemma: inflation expectations have declined, but there is still significant pressure in certain areas such as healthcare and education costs, and the labor market is also showing contradictory signals.

The upcoming "Stablecoin Regulations" in Hong Kong have drawn market attention. The regulatory framework will cover core requirements such as anti-money laundering and reserve audits, with the first batch of licenses potentially being issued within the year. However, for stablecoins to truly disrupt the traditional payment system, they still face numerous challenges, including profit distribution mechanisms, cross-border regulatory coordination, and risk pressure under extreme market conditions.

The crypto assets market is at a critical breakthrough stage. Bitcoin is encountering resistance near $110,000, and if it breaks through, it may surge to $120,000; otherwise, it may fall back to $100,000. In the long term, some analysts predict that the peak of this bull market may occur between September and October 2025. As for Ethereum, it is approaching the triangular resistance level of $2,630, and market sentiment is optimistic.

The altcoin market is highly volatile. Vertex has announced the migration of its DEX and the elimination of its native token, causing VRTX to plummet by 60%. The MEME token competition within the Solana ecosystem continues, but related tokens have seen a pullback. Notably, the $Lore token has surpassed a market cap of $2 million, driven by social media.

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%
• 24-hour liquidation data: 59,563 people were liquidated, with a total amount of 121 million US dollars.

ETF Flows

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

Hot News

• a16z Crypto liquidated its COMP holdings and then transferred 400,000 COMP to the trading platform.
• Tether holds $8 billion worth of gold in a secret vault in Switzerland.
• Global gold ETFs increased by 38 billion USD in the first half of the year, with average daily trading volume hitting a half-year record.
• A publicly listed real estate company plans to establish a Bitcoin reserve through a $500 million equity transaction.
• A listed company raised 8 million USD to launch an Ethereum fund management strategy.

The crypto assets market is at a critical moment, and investors need to closely monitor technical breakthroughs and regulatory trends, while also being wary of the risks brought by market fluctuations.