The State of the Market Day Tour, and Is It About to Change?

Review of last issue

• Review of last issue

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If the sentiment index stands above 1 again, the market will warm up its investment enthusiasm. On July 9, the latest value of the Standard Consensus Sentiment Index was 1.1, and it regained its position in the 1 range. After that, the currency rotation began to rise, and the Standard Consensus Market Composite Index rose by more than 7%.

According to the standard consensus BTC mining income index, in the last 24 hours, the income per T computing power is $0.07, which is at a low level in the past three months, which will affect the willingness of miners to mine to a certain extent.

market trend

Trend review and analysis of BTC and ETH

market trend

According to CoinMarketCap data, the average daily turnover rate of ETH in the past 7 days is 26.46%, which is 32.48% lower than the average daily turnover rate in the past three months, and 0.68% higher than the average daily turnover rate of last week. The launch of the ETH mainnet is imminent, and the launch of ETH Staking is an event that the digital currency market is currently focusing on. ETH is obviously sought after by funds, and has ended the decline in turnover for many weeks, and gradually began to establish an upward trend. In the short term, the price of ETH at $250 is an important pressure level, which requires the joint efforts of market funds to break through.

risk warning:

• Be vigilant against illegal financial activities under the banner of blockchain and new technologies. The standard consensus resolutely resists various illegal activities such as illegal fundraising, network pyramid schemes, ICO and various variants, and dissemination of bad information using blockchain.