After the bitcoin reverted to the top of $66,000, the encryption market was better synchronized with the relevant US stock. On Tuesdays, Circe, Bitmine and Strategy recorded an increase, and the market turned its attention to the Fed meeting at the end of July to determine whether the round could continue.
The data show that on July 21st, on the Bitcoin station, $66,000, the Inn returned to above $1900, and the XRP rose to $1.14. The total market value of encrypted assets increased by 2.08 per cent within 24 hours to $2.26 trillion.
Three concept units are going up.
The United States share associated with digital assets follows up. The largest increase took place that day, when the Circle Internet Group received US$ 71.08, representing a single-day increase of 8.6 per cent; Bitmine Immmension Technologies 3.61 per cent; and Strategy 4.2 per cent.
It was mentioned that the United States Congress has also raised the profile of companies by promoting digital asset regulation legislation. The market expects that the CLARITY Act will promote greater clarity in the regulatory framework, which underpins companies with high levels of currency stabilization, business holding and encryption.
Circle and Bitmine benefits more clearly
The Circe stock price rose to 72.68 dollars that day. Reports suggest that the Unit has broken through the lower stretch since the beginning of June, with the next line of attention coming from above, ranging from $75 to $80, and that the short-line might be less powerful if returned below $65.
With regard to BitMine, the company had purchased 7430 new ETHs a week earlier, increasing the number of holdouts to 5.78 million. Of these, approximately 4.92 million ETH have been pledged, accounting for about 85 per cent of its Etherwood reserves. The consolidated company's encrypted assets, cash and investments were $11.5 billion.
Strategy's still high on bitcoin.
With regard to Strategy, Michael Seller disclosed that the company ' s dollar reserves had increased by $225 million and that the cash reserves had risen to $3.2 billion. At the same time, the company held 843,775 bitcoin warehouses, thus maintaining a high degree of correlation with the movement of bitcoin.
According to the report, MSTR has been repositioned near the $100 threshold, and if it continues, the market will focus on the $105 to $110 area; if it falls, the $100 and $95 will be the front.
At the end of the month, the Fed Conference became the next variable.
The Federal Reserve will hold a conference from 28 to 29 July. The market generally anticipates that the interest rate will remain unchanged and that the focus will be on President Kevin Walsh ' s statement on inflation, economic growth and the pace of subsequent policies.
The Bitcoin and Encryption Concepts Unit may maintain the current increase if the policy is tempered; if the language is biased towards hawks, the market ' s profit-making pressure may rise and the recent rebound structure of CRCL, BMNNR and MSTR will be tested.
