Crypto Assets Market Update: Bitcoin Hits $110,000 Mark, Ethereum Challenges Key Resistance Level

Market Overview

The recent uncertainty surrounding U.S. tariff policies continues to affect the market. The current tariffs amount to a 1.5% GDP tax on importers, with annual tariff revenue exceeding $300 billion. The lagging effects of these tariffs are expected to manifest in the July CPI data. The Federal Reserve faces the challenge of inflation expectations declining while experiencing price pressures in certain sectors.

The upcoming regulatory framework for stablecoins in Hong Kong has attracted market attention. Related concept stocks have recently surged, reflecting investors' expectations for compliance dividends. The new framework will cover requirements such as anti-money laundering and reserve audits, which could reshape the industry landscape. However, stablecoins still need to overcome multiple obstacles to truly disrupt the traditional payment system.

The crypto assets market is in a critical breakout phase. Bitcoin is facing resistance around $110,000, and whether it breaks through successfully or fails will determine the short-term trend. In the long run, some analysts predict that the peak of this bull market may occur in September-October 2025.

Ethereum is approaching an important resistance level of 2630 USD, and market participants suggest paying attention to changes in trading volume to confirm the trend. Related concept stocks such as GameSquare have also shown significant gains.

In the altcoin market, Vertex announced its migration to the Ink network and the elimination of its native token, leading to a significant drop in VRTX. The competition among tokens within the Solana ecosystem continues, but there is a lack of new market narrative support.

Key Data

• Bitcoin price: $108,513, year-to-date increase of 15.99%
• Ethereum price: $2,600.10, year-to-date decline of 22.06%
• Fear and Greed Index: 67 (Greed)
• Market share: Bitcoin 64.2%, Ethereum 9.3%
• Total liquidation amount in 24 hours: $121 million

ETF Fund Flow

• Bitcoin ETF: Net inflow of 80.08 million USD, positive for 4 consecutive days
• Ethereum ETF: Net inflow of $46.6308 million, positive for 3 consecutive days

Market Highlights

• The well-known investment firm a16z Crypto has cleared its COMP coin holdings.
• Tether holds $8 billion in gold reserves in Switzerland
• Global gold ETFs increased by $38 billion in funds in the first half of the year.
• Multiple listed companies increase their holdings in Ethereum or engage in related businesses.
• Hong Kong stock stablecoin concept stocks surged, reflecting regulatory expectations.
• The BONK token holding address is about to surpass 1 million.

The Crypto Assets market is at a critical moment, and investors should closely monitor technological breakthroughs, regulatory trends, and institutional dynamics while managing risks appropriately.