✨ BS Weekly Recommend Projects #Issue116
This Week's Featured Projects: $EUL, $KAITO, $ZAMA
The Federal Reserve's July 28–29 FOMC meeting is underway, with markets closely watching the interest rate decision and the future direction of monetary policy. After a recent pullback, Bitcoin held support around $64,000 before rebounding modestly, gaining about 1% over the past 24 hours with trading volume exceeding $23 billion. As risk appetite improved, Ethereum rose more than 2%, with capital rotating back into major crypto assets. Market sentiment has recovered from the previous day, although liquidation risks from leveraged positions remain.
Earlier, global risk assets came under pressure as U.S. semiconductor stocks and South Korea's KOSPI index declined, briefly pushing Bitcoin below $64,000. Nearly $100 million in liquidations occurred across the crypto market within an hour, largely from leveraged long positions. The move once again highlighted Bitcoin's correlation with traditional financial markets. However, compared with technology stocks, Bitcoin demonstrated greater resilience. Meanwhile, long-term holders continue accumulating, and institutional investors still view Bitcoin as an important hedge against macroeconomic uncertainty.
As Wall Street institutions and traditional financial firms accelerate their adoption of blockchain technology, applications such as tokenized bonds and on-chain settlement continue to expand, further strengthening Bitcoin's role as a store of value. At the same time, Ethereum's growing staking ecosystem and DeFi infrastructure have made it a key gateway for institutions exploring on-chain finance. In addition, the increasing use of stablecoins for payments and cross-border fund transfers in emerging markets reflects the gradual integration of digital assets into the global financial system.
#Cryptocurrency #BTC #ETH #Euler #Kaito #Zama
