Market

Bitcoin pulled back sharply last week due to the situation in the Middle East and is now trading between $103,000 and $109,000, with ETF inflows remaining resilient. Ethereum maintained a wide range, and the ETH/BTC exchange rate fell to 0.024, intensifying short-term market sentiment. In terms of altcoins, there is a lack of main line, the rise and fall are obvious, and investor sentiment is neutral and cautious. At the macro level, the Fed kept interest rates unchanged and expected two rate cuts in 2025, with market expectations for a rate cut in September rising to 71%, providing a policy cushion for future performance of risk assets. In terms of market focus, Layer 2 network Ink announced the launch of its INK native token and airdropped it to early liquidity protocol participants; In addition, Ethereum has more than 35 million stakes, a record high. (Click to view the full article)