Market
On July 16, BTC's short-term trend was weak, and the rebound was weak after the correction; ETH broke through the previous high strongly, MACD golden cross, and there is more upside in the short term. Some mainstream altcoins pulled back slightly, the Panic & Greed Index fell to 70, and market sentiment stabilized. On the macro front, U.S. equities were mixed, with gold edging higher to $3,334.
In terms of popular tokens, EIGEN rose nearly 12% in 24H due to the ecological expansion of its cooperation with Fuel and Boundless; TAO is up about 8% on the back of a new platform and airdrops; ENA rose more than 8% as USDe became Neutrl's core asset. On the whole, the sector rotation is active, and the hot tokens perform well. (Click to view the full article)
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