- Stock Market Commentary: Global equities were volatile over the past week, with investors rotating away from high-valuation AI and semiconductor stocks toward defensive blue chips, while South Korean stocks suffered the sharpest sell-off.
- Market Commentary : The Federal Reserve kept interest rates unchanged, although three policymakers voted in favor of a rate hike, reinforcing expectations that higher interest rates may persist. Market risk appetite remained constrained, with BTC continuing to trade within a range while ETH underperformed BTC. The altcoin market remained driven by structural rotation, with AI, privacy infrastructure, and decentralized information network narratives showing relative strength as capital continued to favor thematic opportunities.
- Key Data : Stacks advanced its 4.0 network upgrade, further strengthening Bitcoin ecosystem infrastructure, while Ionic Digital completed its Nasdaq listing, underscoring sustained capital market interest in the convergence of digital infrastructure and AI computing. Meanwhile, Ethereum mainnet gas fees remained near historical lows, and the total stablecoin supply held steady at approximately $308.5 billion, indicating abundant on-chain liquidity.
- This Week’s Focus: U.S. spot Bitcoin ETFs continued to attract net inflows, reflecting stable institutional allocation demand and providing ongoing support for spot market buying. At the same time, in the absence of major new market catalysts, capital continued to concentrate on long-term investment themes, including digital identity, AI infrastructure, and on-chain payment solutions.
- Next Week to Watch: The market is expected to see approximately $83.63 million in token unlocks over the next seven days, with PROVE, ENA, and SUI among the key projects to watch. Given PROVE's relatively large unlock size and high proportion of circulating supply, investors should closely monitor the potential impact of increased token supply on market sentiment and short-term price action.
Discover more details today → Gate Research: Bitcoin Trades Sideways This Week as Spot Bitcoin ETFs Continue to Attract Institutional Capital
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
July 30, 2026
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