The crypto money market was the scene of a strong rise on July 9th. Bitcoin 
$109,122.26 While renewing the record by climbing to 112 thousand 152 dollars, Ethereum 
$2,627.60 And XRP Many Altcoin accompanied the rise. The weakening of the US dollar, postponed customs tariffs and priced interest rate cuts for the end of the year have increased interest in risky assets. After the withdrawal around 104 thousand 400 dollars, the trend change brought back to the table of 120 thousand dollars and above. In the last 24 hours, $ 465 million in Bitcoin has accelerated the acceleration of $ 529 million Short position liquidation.
Macro and Corporate Strong Winds in Crypto Money Market
Crypto currency The most important factor that increased the investor confidence in the market was Fed’s monetary policy expectations, which combined with the weakened dollar index. The slowdown in inflation draws the possibility of interest rate reduction. As a result, risk -based assets became attractive. Bitcoin’s daily volume of exceeding $ 60 billion and open positions in transactions of 79 billion dollars showed that the price movement is supported by high participation.
Blockchain Data Provider CentimeterAs a typical harbinger of the upward breaks, the existing table, recalling that the individual investor’s fear signals pave the ground for “smart money” purchases historically described.
Moreover, it is seen that the interest of the corporate front has increased. Spot Bitcoin and Ethereum ETFs pointed out that the demand for billions of dollars to crypto currency -based products in accordance with the legal framework is strengthened. Operating in the field of game and sports Gamesquare with Sharplink GamingExplanation of crypto currency retention plans in digital balance sheets reshape publicly -open companies’ view of the sector. Both macro winds and corporate purchases are supported by investors for the short -term price target.
Collective rise in Altcoin prices
Optimism under the leadership of Bitcoin Altcoin marketIt spread rapidly throughout the general. Use area in cross -border payments emphasized Stellar 
$0.271065 While it gained 11.7 percent, the demand for liquid stinging solutions increased LIDO DAO11.1 percent of it moved. Indicator of speculative interest Memecoins Dogwifhat And Pepewas also a leap of about 11 percent. XRP increases by 5 percent Solana, Dogcoin 
$0.173131 And CARDANO 
$0.60435 4-6 percent of the band rose. Permanent increase in volumes supported technical signals.
Another catalyst that supported the rise of the market was Washington. The US Congress aims to clarify the authority sharing between the securities and commodity organizers in the “Crypto Money Week”, which will be held between 14-19 July. CLARITY Act and targeting stablecoins Genius law plans to make progress on it. Ripple 
$2.38 CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong‘s calls increased pressure on the lawmakers. The launch of laws on the agenda has the potential to provide additional confidence to the crypto currency market by reducing the regulatory uncertainty.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
