🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
💰 Each winner will receive $5 Points!
🎁 Rewards will be distributed within 14 working days. Please make sure to complete identity verification to be eligible.
📌 Event details: https://www.gate.com/post/status/11782130
🙏 Thank you all for your enthusiastic participation — more exciting events are on the way!
In a fluctuating market, BTC has narrow fluctuations, ETH continues to be weak, and MUSKIT rose 247% this week.
Crypto Assets Market Weekly Report
This week, the Crypto Assets market exhibited a volatile trend. The capital flow of Bitcoin ETFs remained relatively stable, with only a slight outflow, not altering the overall net inflow trend since the beginning of this year. Bitcoin prices fluctuated narrowly within the range of $82,000 to $86,000, and market sentiment indicators show that investors remain in a cautious state.
The Ethereum market is showing weak performance, with ETFs experiencing net outflows for several consecutive weeks. The ETH/BTC ratio has fallen to a recent low, and the market capitalization share has reached a near five-year low. In the short term, the fundamentals of Ethereum are unlikely to improve significantly, and investor confidence is clearly lacking.
In terms of popular coins, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have shown remarkable performance. Among them, MUSKIT's increase exceeded 247% within the week, VOXEL's increase reached 234%, peaking at 0.1423USDT, and LBR's increase also surpassed 166%.
The US stock market showed an overall downward trend last week, with major indices experiencing varying degrees of decline. Market volatility increased, influenced by multiple factors such as trade policies and corporate earnings reports. Technology stocks were weighed down by tensions in US-China relations and export controls, while the weak performance of the healthcare sector also put pressure on the overall market.
In the coming week, the market will focus on the Federal Reserve's economic report and the cryptocurrency policy discussion held by the U.S. Securities and Exchange Commission. These events could have a significant impact on market trends.
In terms of project dynamics, Balance will launch the EPT coin this week, Hyperlane plans to conduct a token airdrop, and the Dolomite lending protocol will also initiate the DOLO coin issuance. Additionally, the domain sales activity by Sonic Labs is also receiving significant attention. These events will bring new opportunities and challenges to the market.
Overall, the Crypto Assets market is still in a corrective phase. Investors need to closely monitor the trends in macroeconomic policies and significant events in the industry to grasp market movements.