Bitcoin rose on Tuesday to about $6.55 million, two weeks high. After the Asian Semiconductor Unit rebounded, risk assets recovered as a whole, followed by mainstream coins such as the Taifung, XRP and Solana, and market sentiment was clearly repaired more than last week.

Main currency synchronized rebound

At the time of reporting, bitcoin had risen by about 1 per cent in the daytime and by about 5 per cent in the past week. It's $1922, 3% in the daytime, 8% in the last seven trading days. XRP rose to $1.13, an increase of about 6 per cent in the week; Solana reported $78, BNB held steady near $574 and the dog currency was almost even.

This is the reverse of last week's fall. The half-conductor plate, which had previously dragged down the weak encryption assets, was the first rebound this week. MSCI Asia-Pacific shares are an increase of 2 per cent, South Korea and Taiwan, China, an increase of about 4 per cent, and Japan's yen index of 3 per cent.

Net ETF inflow over $600 million per day

In addition to the upturn in risk, the market is supported by the continued ingestion of real bitcoin ETF in the United States. The data show that these products have recorded net inflows over five consecutive trading days, totalling over $600 million. This was the most sustained round of institutional buys since mid-July and reversed the long-term outflows that had lasted until the end of June.

In terms of the performance of the transaction, the funds are more of a recovery of risk assets than a general shift to high-intensity recovery. Bitcoin was in the order of $33 billion on that day, but the spot market as a whole remained flat, suggesting that the price upturn had not yet resulted in a significant release.

The Fed's meeting at the end of the month was under review.

The market is following up on the Federal Reserve Conference of 28-29 July. BTSE Chief Operator Jeff Mei states that at present Bitcoin and the Taifeng price are in a relatively reasonable range and traders are waiting for the Fed to release more interest rate path signals over the years.

At present, the market generally expects no interest rate hikes in July, but remains alert to tight follow-up policies. It was mentioned that if oil prices and the return on United States debt were to rise again, risk asset performance might continue to be suppressed, which is also the main constraint on the rebound of the round.

The fall in oil prices reduces short-term pressure

Another short-term advantage comes from the energy market. The oil prices of Brent fell by about 1 per cent to 88.58 United States dollars (US$) after successive increases due to war. According to the Iranian side, the good offices are conveying proposals to ease hostilities, including a 10-day ceasefire proposal.

Overall, the rebound of this round of encrypted assets remains largely driven by improved external risk sentiment. ETF inflows have increased support, but market pricing has remained cautious against the backdrop of the non-observed expansion of off-the-shelf transactions and the proximity of the Federal Reserve Conference.