Analysis: The heat of the U.S. "Crypto Week" remains high, but the trend of Ethereum is driven by Asia.
PANews July 16 news, according to the latest analysis from Matrixport, Ethereum has risen 18% in the past month, with a 17 percentage point increase occurring during Asian trading hours, demonstrating the significant influence of the Asian market on crypto assets price discovery. Meanwhile, Bitcoin and Ethereum have risen 8% and 19% respectively in the past week, attracting widespread attention from the US media. The US market is entering "Crypto Week", with major stablecoin-related legislation expected to pass, which reinforces the narrative of the US becoming a global crypto assets hub. The growth of the US market is mainly attributed to capital inflows into ETFs, corporate financial activities, and Circle's IPO, among other factors. However, compared to the relatively stable capital flows in the US market, Ethereum's Fluctuation and momentum are clearly driven by the Asian market.
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