BitMart July 17 Market Report: BTC fluctuates in a narrow range, while ETH momentum continues to increase

Odaily News According to BitMart’s market report on July 17, the total market value of the cryptocurrency market is approximately $3.77 trillion, up 1.69% from the previous day;
BTC continues to fluctuate in a narrow range around $118,000. BTC dominance rate has dropped by more than 3% in recent days and is currently at 62.2%. A decline in BTC dominance rate often means that altcoins have stronger price performance. Yesterday, BTC ETF had a net inflow of $17 million;
ETH prices continued to rise and broke through the previous high of the band, and the short-term moving average was in a bullish arrangement, showing a clear upward trend. The trading volume was also enlarged, and the momentum continued to increase. Yesterday, ETH ETF inflows were US$227 million;
Most of the mainstream altcoins rose, and the Fear and Greed Index temporarily reported 70 today;
BitMart X Insight data shows that the current crypto market sentiment is extremely optimistic (index +101), mainly driven by favorable regulations such as the US Crypto Genius Act, strong gains in ETH and altcoins, and favorable expectations for the Fed’s policies and institutional attention;
The social enthusiasm of the crypto market is generally high, with an average SSI of over 70;
The market is extremely abnormal, with CVX leading the gains. Most currencies have issued warnings due to price surges, technological breakthroughs, and KOL attention. The overall market volatility has increased. Investors are advised to be wary of market overheating and high volatility.