BitMart Market Weekly Report 7.7-7.13

This Week's Cryptocurrency Market Dynamics

This week, the market surged significantly, with BTC breaking its historical high on July 11, reaching a range of $118,000 to $118,839, mainly due to short covering and a surge in Bitcoin ETF inflows (with a net inflow of $1.18B in a single day, totaling about $51B in 2025). The technical analysis formed a classic cup-and-handle breakout structure, confirmed by MACD momentum, with analysts expecting about a 14% upside potential in the future.
ETH rose approximately 16% this week, reaching the $3,000 mark. Although its increase outperformed most altcoins, it remains relatively lagging under Bitcoin's dominance. Currently, ETH is consolidating near the key resistance level of $3,050, with a stalemate between bulls and bears in the short term. Future attention should be paid to the breakout situation at $3,100 USDT and whether the trading volume expands accordingly.

This Week's Popular Cryptocurrencies

In terms of popular cryptocurrencies, BTC, XRP, XLM, ETH, and ADA all performed well. BTC's price increased by 12.83% this week, breaking its historical high, with the current price at $122,960.65. XRP's price rose by 30.9%, with a current market cap of $175.7B. XLM's price surged by 94.59% this week, reaching a high of 0.5154 USDT.

U.S. Market Overview and Hot News

S&P 500 and Nasdaq Hit Historical Highs: On July 10, both the S&P 500 and Nasdaq set new closing records, driven by the continued strength of tech giants and solid corporate earnings reports. Large-cap stocks outperformed small-cap stocks: year-to-date, large-cap stock returns have surpassed those of small and mid-cap stocks, with funds further concentrating on high-quality large-cap stocks.
U.S. House Financial Services Committee: The week of July 14 will be "Crypto Week," during which several cryptocurrency bills will be reviewed.

Popular Sectors and Project Unlocks

RWA
Benefiting from the long-term advantages of the RWA market and its own strong and scalable network, ALGO's price has steadily risen from around 0.19 USDT, currently breaking through the 0.28 USDT level and reaching a high of 0.28823 USDT. The market has broken through multiple key resistance areas and closed above the trend line, especially with significant volume accompanying the breakout at key levels, indicating strong buying power and effective support for the upward momentum.
Sei (SEI) will unlock approximately 55.56 million tokens at 8 PM Beijing time on July 15, accounting for 1.00% of the current circulating supply, valued at about $18 million.
Starknet (STRK) will unlock approximately 127 million tokens at 8 AM Beijing time on July 15, accounting for 3.53% of the current circulating supply, valued at about $17.6 million.
Official Trump (TRUMP) will unlock approximately 90 million tokens at 8 AM Beijing time on July 18, accounting for 45% of the current circulating supply, valued at about $878 million.

Risk Warning:

The risks associated with using BitMart services are entirely borne by you. All cryptocurrency investments (including returns) are inherently highly speculative and involve significant risk of loss. Past, hypothetical, or simulated performance does not necessarily represent future results.
The value of digital currencies may rise or fall, and there are substantial risks associated with buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your individual investment goals, financial situation, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.