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Recently, the Crypto Assets market has seen several hot topics worth following:
First of all, Bitcoin's market capitalization is approaching 60%, demonstrating its dominant position in the market. Meanwhile, many investors have shifted their funds to other Crypto Assets that are performing stronger, and the market seems to be in the final stages of fluctuation, with investors betting on the future direction.
The price of Ethereum is nearing historical highs, and market sentiment shows some signs of excessive optimism. For investors looking to enter the market, choosing a suitable price point to enter is particularly important.
In terms of regulation, the U.S. Securities and Exchange Commission (SEC) has requested multiple institutions to resubmit their Solana ETF applications by the end of July. The approval process is expected to accelerate, with results possibly being announced as early as the third quarter to the beginning of the fourth quarter this year. This is a potential positive news for the Solana ecosystem.
The non-fungible token (NFT) market is also showing signs of recovery. Last week, NFT trading volume exceeded $140 million, reaching a new high since mid-January, indicating that the NFT market may be regaining attention.
Interestingly, Michael Saylor of MicroStrategy has once again revealed information about the Bitcoin tracker, which may indicate that the company will disclose new Bitcoin holding data. Saylor's investment strategy seems to be to consistently purchase regularly regardless of market fluctuations, a method that some have jokingly referred to as a 'perpetual motion machine.'
Finally, Dogecoin (Doge) has also seen a surge after the ETF application was submitted. As the 'King of Memecoins', the market is widely following whether it can replicate its brilliant performance in 2021.
Overall, the Crypto Assets market is in a phase full of opportunities and challenges, and investors need to closely follow various market signals and regulatory trends.