According to BitMart's market report on July 28, the total market value of cryptocurrencies in the past week was 3.97 trillion, up 1.28% from the previous week.

Crypto Market Updates This Week

BTC ETF once had a net outflow for 3 consecutive days, but with net inflows for two consecutive days last Thursday and Friday, the net inflow of funds in a single week was 370 million US dollars. BTC ETF has achieved large net inflows for 7 consecutive weeks, with a total inflow of more than 10 billion US dollars in the past 7 weeks. In the past week, BTC continued to fluctuate in a narrow range at a high level. At the same time, BTC's market share dropped slightly to 60.2%, indicating that the performance of altcoins in the past week was better.

Last week, the ETH ETF had a net inflow of $402 million, significantly exceeding the inflow of funds into the BTC ETF during the same period. The ETH ETF has achieved net inflows for eight consecutive weeks, with inflows exceeding $7 billion in the last eight weeks. ETH once again surged above $3,850, with a 58% increase in the past 30 days. The ETH/BTC exchange rate broke through 0.032, doubling from the low point of the year; in addition, ETH's market share rose sharply, climbing to 11.8%.

This week's popular coins

In terms of popular currencies, SPA, KERNEL, MDT, HYPER and ERA all performed well. KERNEL price rose 37.12% this week, with the highest price of 0.2582 USDT. MDT price rose 79.68%. SPA price rose 3.13% this week, with a 24-hour trading volume of 40.73 B USDT.

US market and hot news

On Friday, July 25 (EST), the three major U.S. stock indexes closed higher, with the S&P 500 up 0.40% to 6,388.64 points; the Dow Jones Industrial Average up 0.47% to 44,901.92 points; and the Nasdaq up 0.24% to 21,108.32 points.

Last week, the Dow Jones Index rose 1.26%, the Nasdaq Index rose 1.02%, and the S&P 500 Index rose 1.46%. The benchmark 10-year Treasury yield was 4.40%, and the 2-year Treasury yield, which is most sensitive to the Fed's policy rate, was 3.91%.

The Federal Open Market Committee (FOMC) will hold a two-day monetary policy meeting on Tuesday (July 29).

July 30: The US releases second quarter GDP data

July 30: The Federal Reserve announces its interest rate decision and Powell holds a press conference

The White House's first encryption policy report will be released publicly on July 30

Ethereum will celebrate the 10th anniversary of the launch of the Genesis Block on July 30

Hong Kong will implement the Stablecoin Ordinance on August 1, and it will be illegal to promote any unlicensed stablecoin to the public.

Popular sections and projects unlocked

NFT

The NFT market is showing strong signs of recovery. Since the beginning of the month, the market value has risen 94% to $6.6 billion, the highest level since early 2025.

Weekly volume jumped 51% to $136 million, putting July on track to be one of the best months since February. Volumes are up 7% month-over-month, but overall this month won’t surpass June’s. Last month saw over 5 million units sold, while July just broke the 3 million mark. The reason? ETH is up, and so are NFTs. In just 7 days, the average price of an NFT has surged 40% to $146. Volumes are down, prices are up, and the market is changing. The blue chip boom is back.

Jupiter (JUP) will unlock approximately 53.47 million tokens at 10:00 pm Beijing time on July 28, accounting for 1.78% of the current circulation and worth approximately US$31.7 million.

Sign (SIGN) will unlock approximately 150 million tokens at 6:00 pm Beijing time on July 28, accounting for 12.5% of the current circulation, with a value of approximately US$11.7 million.

Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 pm Beijing time on July 30, accounting for 9.53% of the current circulation, with a value of approximately US$13.8 million.

Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on July 31, accounting for 1.79% of the current circulation and worth approximately US$22.8 million.

Sui (SUI) will unlock about 44 million tokens at 8:00 am Beijing time on August 1, accounting for 1.27% of the current circulation, with a value of about US$188 million.

GoPlus Security (GPS) will unlock approximately 542 million tokens at 8:00 am Beijing time on August 1, accounting for 20.42% of the current circulation, with a value of approximately US$11.6 million.

ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8:00 am Beijing time on August 1, accounting for 4.78% of the current circulation and worth approximately US$9.9 million.

Risk Warning:

Use of BitMart services is entirely at your own risk. All cryptocurrency investments (including returns) are highly speculative in nature and involve substantial risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results.

The value of digital currencies may go up or down, and there may be substantial risk in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is appropriate for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.