In the week that began on 6 July, the focus on influencing the encryption market will revert to macrodata. The market will welcome the Fed’s June conference minutes, US services data, inflation expectations and initial unemployment fund data, which will be used to determine the Federal Reserve’s next interest rate path.

At the same time, there have been new changes in encryption-related stocks. SpaceX has been included in the NASDAQ 100 index. Since index funds and passive funds usually require the allocation of component units by weight, this adjustment may increase market demand for the unit.

SpaceX enters a 100.

It was reported that SpaceX became another company in NASDAQ 100 holding bitcoin. Previously, Tesla, Strategy and Mercado Libre had been included in the index ' s composition. SpaceX held 18,712 BTCs on a holding scale and was at a high level among the companies concerned.

When included in the main index, the shares are usually more passive and more easily accessible to some institutions. For the encryption market, this means that bitcoin convertibles continue to infiltrate the traditional financial system through the United States stock of large technology indices.

This week's macro-data-intensive release

  • July 6th: United States June Service PMI data release
  • 7 July: U.S. June Consumer inflation expectations announced
  • 8 July: FOMC minutes released by the Fed

In addition, China's June CPI matching data will be published later on 8 July, the number of United States initial unemployment benefits will be announced on 9 July, and a statement on market liquidity will be delivered by the Chairman of the Federal Reserve of New York, Williams. On 10 July, Canada's June unemployment rate will also rise.

These data will influence the market ' s judgement of the United States interest rate outlook. If the summary and subsequent data release a clearer policy signal, it may trigger re-pricing of risk assets, including bitcoin.

The Japanese yen is equally concerned with the unlocking of coins.

In addition to United States data, the continued weakness of the yen and the changing geo-situation are also mentioned in the report as cause for concern. In the recent past, the negative correlation between bitcoin and the Japanese dollar against the United States dollar has increased, and when the yen is weak, the BTC tends to be overperforming.

In terms of chain and token events, this week also included governance votes for ENS DAO, Frax DAO, Nexus Mutual DAO and Arbitrum DAO, as well as unlocking arrangements for the HYPE, RAIN and PUMP. Of these, RAIN plans to unlock 7.64 per cent of the flow supply, with a corresponding value of approximately $786.9 million by textual data.

Overall, the main market line this week continues to be the cross-cutting effect of macro-foresights and financial flows, while SpaceX ' s inclusion of sub-indicators 100 adds new observations to encrypted related stocks.