Crypto Market Weekly Review: Bitcoin Gap Draws Attention, Analysts Optimistic About This Week's Trend

Last week, the U.S. market was closed for three days due to the Independence Day holiday, and market sentiment appeared tense before the reopening. During this time, government-signed bills and adjustments to tariff policies became the focus, with reports suggesting that higher tariffs could take effect on August 1. Meanwhile, U.S. stocks continued to hit new highs, with investors remaining optimistic about the global economic outlook, but excessive bullishness could lead to concentrated positions, and once negative news arises, volatility may worsen.

In the field of stablecoins, data shows that in the first quarter of 2025, the trading volume of USDT on a certain public chain exceeded 50% for the first time, surpassing Ethereum. Industry insiders state that compliant public chains help stablecoins integrate into the financial system by building a complete ecosystem, and improve the efficiency of issuance and circulation.

In the cryptocurrency market, 8 Bitcoin addresses that had been dormant for 14 years were suddenly activated, transferring 80,000 Bitcoins, raising concerns in the market. However, blockchain analysis companies believe this is more likely due to a technical wallet upgrade. Traders are closely watching the Bitcoin futures gap, which is at $107,570, seen as a potential price target. Multiple analysts have given different expectations for the market outlook, ranging from bullish to $120,000 to focusing on the $106,000 support.

For Ethereum, a well-known trader expressed optimism about this week's trend. He believes that the market positioning of ETH has changed, with structural positions currently at a three-year low, and it is seen as the preferred choice for institutional bets on infrastructure. ETH holds most of the total locked value of stablecoins, and as related regulations advance, it is expected to continue attracting institutional attention. He also pointed out that ETH has room for a rebound relative to Bitcoin, and if a bull market resumes, ETH may perform strongly.

In the altcoin market, a certain ecosystem's Meme project is performing remarkably, with one token issuance platform surpassing its competitors in a single day, reaching a market cap of $11.5 million. The native token of this ecosystem has seen a 60% increase over the past two weeks. Another project's market cap once exceeded $300 million. Meanwhile, a well-known entrepreneur announced the establishment of a new political party, with the related token's 24-hour trading volume reaching $28.8 million.

Overall, despite the short-term uncertainty, several analysts are optimistic about the trends in the crypto market this week. Investors should closely monitor important support and resistance levels, as well as the potential impact of macroeconomic policy changes on the market.