MARKET SUMMARY
Overall, the crypto market saw a huge midweek sell-off, followed by an altcoin-led recovery.
Total Market Cap
$2.2T -0.19
Total market cap alarmingly fell to $2.16T, before recovering to $2.20T at the time of writing.
59.10% -0.4
BTC dominance slid to 59.1%; a frequent occurence, with
Bitcoin still holding the reigns.
Altcoin Market Cap
$905.15B -0.16
TOTAL2 saw a concerning fall to $881B mid-week, but has since recovered to $905B.
Altcoin Market Cap (excl. ETH)
$669.36B -0.88
TOTAL3 recovered from its big fall to $657B, rising up to $669B at press time.
DISCLAIMER: Values as of 27th July, 7:44PM
COIN OF THE WEEK
BEAT stole the spotlight with a 75% surge. Whale activity surrounding the token was high, pushing the Whale-to-Retail Delta to 0.0123. This is its highest reading since June 25. Momentum is hard to ignore!
DISCLAIMER: Values as of 27th July, 7:44PM
TOP NEWS
- The CLARITY Act may face a vote before the August recess, despite lacking enough support to pass. Backing from Goldman Sachs, Fidelity, Charles Schwab and law-enforcement groups is growing, but Polymarket odds are at a measly 38%.
- BitMEX will shut down in September after 11 years, ending the exchange that popularized 100x perpetual swaps. BMEX plunged after the announcement as BitMEX fights off allegations of engineered customer liquidations.
- S&P Dow Jones Indices and Pantera Capital launched an institutional crypto index based on protocol revenue, market cap and liquidity. Its 18 assets are led by ETH, BNB, SOL, TRX and HYPE. Bitcoin and XRP are excluded.
NARRATIVE HEATMAP
Here’s a sector-wise snapshot of how key narratives performed over the past week:
TRADING SIGNALS
Win Rate43.5%
Total Signals29
Activated Trades26
TP Hits10
Stop Loss13
TP1 Hit Rate30%
TP2 Hit Rate70%
KEY EVENTS TO WATCH THIS WEEK
Fed Interest Rate Decision
High
Microsoft and Meta Earnings
Medium
Apple and Amazon Earnings
Medium
