BitMart Market Weekly Report 7.21-7.27

This Week's Cryptocurrency Market Dynamics

BTC ETF experienced a net outflow for three consecutive days, but with two consecutive days of net inflow last Thursday and Friday, the weekly funds achieved a net inflow of $370 million. The BTC ETF has seen significant net inflows for seven consecutive weeks, totaling over $10 billion in the past seven weeks. Over the past week, BTC has remained in a high narrow fluctuation range, while its market share slightly decreased to 60.2%, indicating that altcoins performed better in the past week.

Last week, ETH ETF had a net inflow of $402 million, significantly exceeding the inflow of BTC ETF during the same period. The ETH ETF has achieved net inflows for eight consecutive weeks, with over $7 billion flowing in during the last eight weeks. ETH surged above $3,850 again, with a 58% increase over the past 30 days. The ETH/BTC exchange rate broke through 0.032, doubling from the year's low; additionally, ETH's market share rose significantly to 11.8%.

This Week's Popular Cryptocurrencies

In terms of popular cryptocurrencies, SPA, KERNEL, MDT, HYPER, and ERA have all performed well. KERNEL's price increased by 37.12% this week, reaching a peak price of 0.2582 USDT. MDT's price rose by 79.68%. SPA's price increased by 3.13%, with a 24-hour trading volume of 40.73B USDT.

U.S. Market Overview and Hot News

On July 25 (Friday) Eastern Time, the three major U.S. stock indices closed higher, with the S&P 500 index up 0.40%, closing at 6,388.64 points; the Dow Jones index up 0.47%, closing at 44,901.92 points; and the Nasdaq index up 0.24%, closing at 21,108.32 points.

Last week, the Dow Jones index had a weekly increase of 1.26%, the Nasdaq index increased by 1.02%, and the S&P 500 index rose by 1.46%. The benchmark 10-year U.S. Treasury yield was 4.40%, while the 2-year Treasury yield, which is most sensitive to Federal Reserve policy rates, was 3.91%.

The Federal Open Market Committee (FOMC) will hold a two-day monetary policy meeting on Tuesday (July 29).

On July 30, the U.S. will release its second-quarter GDP series data.

On July 30, the Federal Reserve will announce its interest rate decision, followed by a press conference by Powell.

The White House's first cryptocurrency policy report will be publicly released on July 30.

Ethereum will celebrate the 10th anniversary of its genesis block launch on July 30.

Hong Kong will implement the "Stablecoin Regulation" starting August 1, promoting that any unlicensed stablecoin will be illegal.

Popular Sectors and Project Unlocks

NFT

The NFT market is showing strong signs of recovery. Since the beginning of this month, the market capitalization has increased by 94%, reaching $6.6 billion, the highest level since early 2025.

Weekly trading volume surged by 51%, reaching $136 million, making July likely one of the best-performing months since February. Sales volume increased by 7% month-on-month, but the overall sales for this month will not exceed June's. Last month's sales exceeded 5 million, while July has just surpassed 3 million. What is the reason? ETH is rising, and NFTs are also rising. In just seven days, the average price of NFTs soared by 40%, reaching $146. Trading volume decreased, prices increased, and the market is changing. The blue-chip stock craze is returning.

Jupiter (JUP) will unlock approximately 53.47 million tokens at 10 PM Beijing time on July 28, accounting for 1.78% of the current circulation, valued at approximately $31.7 million.

Sign (SIGN) will unlock approximately 150 million tokens at 6 PM Beijing time on July 28, accounting for 12.5% of the current circulation, valued at approximately $11.7 million.

Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM Beijing time on July 30, accounting for 9.53% of the current circulation, valued at approximately $13.8 million.

Optimism (OP) will unlock approximately 31.34 million tokens at 8 AM Beijing time on July 31, accounting for 1.79% of the current circulation, valued at approximately $22.8 million.

Sui (SUI) will unlock approximately 44 million tokens at 8 AM Beijing time on August 1, accounting for 1.27% of the current circulation, valued at approximately $188 million.

GoPlus Security (GPS) will unlock approximately 542 million tokens at 8 AM Beijing time on August 1, accounting for 20.42% of the current circulation, valued at approximately $11.6 million.

ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8 AM Beijing time on August 1, accounting for 4.78% of the current circulation, valued at approximately $9.9 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 buying, selling, holding, or trading digital currencies may involve significant risks. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment goals, financial situation, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.