Track real-time hot topics in the cryptocurrency world and seize the best trading opportunities. Today is Wednesday, July 16, 2025. I am Wang Yibo! Good morning to all crypto friends!☀️ Daily attendance👍 Like and make a fortune🍗🍗🌹🌹

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U.S. stocks closed lower on Tuesday, with the Dow Jones falling 0.98%, the S&P 500 down 0.4%, and the Nasdaq slightly up by 0.18%. Nvidia ( NVDA.O ) rose by 4%, setting a new closing high. In the evening, the U.S. House of Representatives failed to pass a procedural vote on the cryptocurrency bill, and a second vote will be held later. Affected by this news, cryptocurrency-related stocks experienced a significant pullback. Bitcoin, which reached an all-time high on Monday, also fell by over $7,500 due to this news. The Golden Retriever is very upset about this and is communicating with those lawmakers who are blocking the cryptocurrency bill from entering the House. The latest market news indicates that the House may attempt to vote again later on Tuesday. If the vote passes, debates on cryptocurrency legislation may begin immediately, with a final vote potentially taking place later this week.

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Bitcoin experienced a volatile correction on Tuesday, dropping from the 120,000 mark to a low of 115,704 before stabilizing. Currently, the market is running above 117,200 following this rebound. After a deep pullback, it is now in a recovery phase. From a technical analysis perspective, the outlook is very optimistic, showing strong bullish signals. Additionally, from the trading volume standpoint, there has been a significant increase in volume during the rebound, indicating that a large amount of capital is flowing into the market, driving prices up. The simultaneous rise in both volume and price further validates the current bullish trend, suggesting that market participants are confident in Bitcoin's future performance and are willing to buy actively. Our future outlook is also bullish on the strength of the bulls.

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The market trend of Ethereum is exactly the opposite of Bitcoin, strongly rising overnight to a recent high of around 3096. It then touched a low of around 2930 in the early morning before rising again, generally maintaining a rebound trend. Currently, the price of Ethereum is still operating at a high level. The market recovery is also quite strong, with a short-term price increase of a hundred points. The Bollinger Bands are in an opening position, with the market operating in the upper middle band area, and the price range is continuously compressing. The upward momentum in the short term is beginning to weaken, and it is expected that the market will undergo another wave of consolidation. The overall oscillating upward pattern remains unchanged. If the price can break through the 3100 mark, then the upward space will be further opened, and the increase is expected to continue. #Gate 2025 Q2报告出炉#