"Bitcoin is like a hero who ran into a regulatory classroom—originally wanting to live an independent life, but it finds this 'enrollment' could be a shortcut to the mainstream. Liquidity has given it wings, and the crypto market has sprung back overnight."
Last night, the market continued to play the 'double bullish' symphony: on one side, the US Congress accelerated the passage of the stablecoin regulatory bill, while on the other side, the G20 in South Africa turned into a mess, and the uncertainty of traditional finance heightened the 'safe haven halo' in the crypto circle; meanwhile, a hacking attack totaling $27 million has again raised security concerns in the industry. Macroeconomic positives combined with micro-level warnings have allowed crypto assets to find their own rhythm in this 'stability with fluctuations' drama.
🪙 Little Steps in the Crypto Circle: All lines are strengthening, a triple play of 'policy + liquidity + institutions'
Bitcoin (BTC): Currently reported at $120,142; intraday high of $120,998, low of $117,453; increase of +2.36%
BTC's performance today is like an 'experienced old hand listening to the verdict': after the passage of the GENIUS Act, it firmly stands above $120K, and market confidence has clearly strengthened.
Little Horse Commentary: BTC is like a racing car crossing the finish line under a 'policy green light'; although overshadowed by hacker threats, the overall trajectory is straight and stable. The short-term range may be between $119K–$122K, with major players watching for ETF and institutional accumulation signals.
Ethereum (ETH): Reported at $3,597.25; peaked at $3,626.50, bottomed at $3,317; surged +8.45%
ETH is simply the biggest beneficiary under 'policy honey': ETF demand surges, L2 enthusiasm reignites, and with stablecoin topics indirectly benefiting, it has directly achieved a long-awaited high-altitude flip.
Little Horse Commentary: ETH is like a gymnastics champion who just got an Olympic pass, with every jump being graceful and solid. Short-term resistance is at $3,650–$3,700; if it breaks through, it may point towards above $3,800.
Binance Coin (BNB): Reported at $733.02; high of $733.80, low of $706.10; increase of +3.81%
BNB is 'pulling the cart' under the platform ecosystem updates and overall market recovery, continuing to move out of the low volatility range.
Little Horse Commentary: BNB is the 'guardian veteran' of the crypto circle; no matter how strong the storm, it remains calm. Long-term holders are continuously adding positions, target range $750–$770.
🌍 Political and Economic Drama: The role of crypto assets as a 'safe haven' becomes increasingly clear, with risk aversion + compliance + liquidity dancing together.
1.🇺🇸 The 'GENIUS Act' has passed, marking the beginning of 'federal regulation' for crypto.
Event Occurred: On July 17, the US House of Representatives passed the GENIUS Act with a high vote, and stablecoins will be regulated by the CFTC. The accompanying CLARITY and anti-CBDC bills were also passed simultaneously, awaiting Trump's signature to become law.
Impact on the Crypto Circle: Legitimacy and compliance have become the main theme, and institutional funding thresholds have been lowered. The issuance of USDT has reached a historical high of $160 billion, which is a 'confidence vote' from the market.
Little Horse Commentary: From 'anarchism' to 'federal authorization', this is not betrayal but an upgrade. Under the new order, the era of reckless growth has ended, and the true stage for capital has just opened.
2.🌐 G20 Durban Meeting: Global trade storm, are digital assets 'lying down to make money'?
Event Occurred: Trump's new tariff plan ignites tensions at the South Africa G20 site, and relations between the US and BRICS/EU countries are strained, with a joint communiqué in difficulty.
Impact on the Crypto Circle: Bitcoin, USDT, and others have become new choices to address exchange rate and settlement risks. Discussions on Central Bank Digital Currency (CBDC) and international stablecoins are heating up.
Little Horse Commentary: If the world starts 'tearing down walls and building dams', Bitcoin becomes a high-altitude cable car that anyone can ride, as long as they have the courage. The more turbulent it is, the more necessary it becomes.
3.🧨 BigONE Hacking Incident: $27M evaporated, a wake-up call for the trust crisis.
Event Occurred: On July 16, the BigONE exchange's hot wallet was hacked, resulting in a loss of approximately $27 million in BTC, ETH, USDT, and others.
Market Reaction: Industry alertness is rising, and funds are shifting to cold wallets. The platform's 'full compensation + withdrawal suspension' slightly eases panic, but trust is still being tested.
Little Horse Commentary: This is an 'industry physical examination': no one can guarantee absolute safety, but whoever can quickly stop the bleeding and strengthen the system will be able to survive the next winter.
📈 Macroeconomic Barometer: US stocks are sluggish, while gold/oil relies on safe-haven demand.
NASDAQ: Reported at 20,841.82, increase of +0.54%.
Little Horse Commentary: Tech stocks are like a programmer who drinks coffee to stay awake; they won't faint for now, but they can't move fast either. Slightly favorable for chain circle tech stocks.
Gold: Reported at $3,335.01/ounce, increase of +0.30%.
Little Horse Commentary: Gold is that old card that gets flipped whenever there is a change in the market; it stabilizes and returns. This wave has strengthened its correlation with BTC, and the dual safe-haven mode is advancing synchronously.
WTI Crude Oil: Reported at $66.84/barrel, increase of +0.69%.
Little Horse Commentary: Oil prices are like a fat cat basking in the sun, motionless, but you know it's not really lazy; it's waiting for the situation to ferment.
🎯 Little Horse Investment Guide | Short-term operation and risk hedging suggestions
Bitcoin (BTC)
Current range $119K–$122K, recommendation: hold light positions, do not chase high above $120K, and can add positions moderately if it pulls back to $118K–$119K.
If it falls below $117K, it is recommended to quickly reduce positions to prevent false breakthroughs and retracements.
Ethereum (ETH)
Current strong range $3,500–$3,650, consider entering in batches near $3,500.
If it stabilizes above $3,700, it could look towards $3,800+, but be sure to set a profit-taking range.
Binance Coin (BNB)
Mid-term layout preferred, target range $750–$770, not a short-term speculative coin.
If it pulls back to $720, consider adding positions heavily.
Safe-haven Allocation
Gold is suitable for allocation of 10–15% of positions to hedge against geopolitical and policy risks.
Crude oil maintains a wait-and-see approach; actively entering the market is not recommended for now.
⚠ Risk Warning
Platform Risk: The security of CEX hot wallets remains the biggest 'black swan'; it is essential to pay attention to the decentralization of cold wallets.
Policy Adjustment: If the GENIUS Act is modified or faces judicial challenges, it may trigger short-term panic in the market.
Inflation data is worse than expected: If future PPI/CPI shows signs of 'false decline' or 'stagflation', the market is likely to experience severe fluctuations.
🗯 Today's Crazy Talk
"The market gives you two things: confidence and illusion. Smart people make money with confidence, while naive people lose everything with illusion."
Let's chat in the comments:
Do you think the GENIUS Act is a positive development or a new round of 'harvesting the leeks'?
Can ETH reach $4000 this wave?
On which platform are you most worried about security issues?
