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PANewsCN

[#HashKey Trading Moment]: Large-scale selling of Bitcoin may be difficult before $130,900. After Ethereum breaks through $3,000, can it replicate the "three breaks of 2,800 and rush to 4,000" law?

U.S. President Donald Trump recently announced that he would impose a comprehensive tariff of 15% to 20% on most trading partners, and impose a 35% tariff on Canadian imports from August 1, triggering violent short-term fluctuations in the U.S. dollar against the Canadian dollar.

Regarding Hong Kong's digital asset policy, Jeffrey Ding, chief analyst at HashKey Group, said that the "Hong Kong Digital Asset Development Policy Declaration 2.0" clearly incorporates digital assets into the global financial center strategy, and promotes stablecoin licensing, RWA on-chain practice, and tax exemptions for tokenized assets.

Bitcoin maintained its strength after hitting a new high of $112,000.00 on Wednesday, and broke through $117,000.00 this morning. Trader Eugene pointed out that the price needs to break through $115,000.00 with increased volume to confirm the accelerated upward trend.

The altcoin market ushered in a long-lost general rise driven by Bitcoin's new high, which also enabled the exchange to obtain continuous liquidity after announcing the listing of coins. Among them, the Hyperlane token $HYPER rose more than 455% within 24 hours after being listed on Upbit, and the trading volume ranked first on the platform, surpassing second-place $XRP by nearly 5 times; Binance announced that it would launch Infinity Ground and $Cross perpetual contracts, which also drove the tokens $AIN up 105.9% and $CROSS up 71%.

By @HashKeyExchange & @PANewsCN

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