U.S. Industrial Production Month-on-Month for June

Recently, the cryptocurrency market has attracted attention once again. On-chain data shows that stablecoins are continuously flowing into exchanges, with a noticeable increase occurring after 8 PM last night. However, the inflow of Bitcoin into exchanges is not substantial; for example, Coinbase saw only about 4,000 Bitcoins flowing in over the past week, and the overall trend still indicates an outflow. The U.S. Securities and Exchange Commission (SEC) recently approved a batch of cryptocurrency ETF trading applications, a move seen as a signal for major financial institutions on Wall Street to delve further into the cryptocurrency space, creating a positive outlook for the entire market. Overall, it seems that positive factors are currently prevailing. There is still room for market growth before a possible rate cut in September. However, there are still divergences in market sentiment. Many investors remain concerned about a potential sharp decline, with reasons including uncertainties such as the Federal Reserve's interest rate cuts and the approval of Dogecoin ETF. These concerns have led many to adopt a cautious attitude towards the market outlook. It is worth noting that market trends often start when people least expect it, and rarely do they rise when most people are optimistic. Looking back at the recently outperforming encryption currencies, such as Worldcoin (WLD), biotech-related tokens, and Solana (SOL), they achieved significant growth in a bearish market, surpassing the performance of other coins. However, when everyone begins to pay attention to and praise the excellent performance of these currencies, the real profit opportunity may have already been missed. To achieve substantial returns in the cryptocurrency market, the key is to position oneself before the assets attract widespread attention, rather than joining after the public recognizes their value. Overall, the current cryptocurrency market is in a critical period. Investors need to find a balance between optimism and caution, closely monitoring market trends, while also being wary of the risks brought by excessive chasing of highs and selling off.

⚡️JUST IN: 🇵🇰 Pakistan now allows global crypto firms to apply for national licenses.

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