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The Fed's interest rate decision is in focus, and multiple countries may introduce Bitcoin reserve bills as investment in digital assets continues to flow in.
Market Highlights and Hot Events
Macro Environment
This week's economic focus is on the Federal Reserve's FOMC meeting, which will be held on Wednesday and the interest rate decision and quarterly economic forecast will be announced on Thursday. The market generally expects a 25 basis point rate cut in December, but the real focus is on the future direction of policy, with expectations that rate cuts will be more cautious next year. This week, 25 central banks including Japan, the UK, and Sweden will also hold monetary policy meetings, and these key decisions may trigger market volatility. Industry insiders point out that since the market has already priced in the Federal Reserve's rate cut expectations, the direct impact of this policy adjustment on cryptocurrency prices is limited.
Another noteworthy piece of news is that a third state in the United States will officially launch legislation for a "strategic Bitcoin reserve." Experts predict that at least 10 states will introduce Bitcoin reserve bills, emphasizing that this trend will not stop and that we will see more similar bills in the future. This reflects the growing recognition of Bitcoin's status as a reserve asset.
Digital Asset Market
The investment products for digital assets continue to show a trend of capital inflow, reflecting heightened market optimism. The latest data shows that last week, digital asset investment products achieved a capital inflow of $3.2 billion, marking the 10th consecutive week of net inflow. So far this year, the total inflow of digital assets has reached $44.5 billion. Among them, the total inflow for Bitcoin investment products is $2 billion, with a total inflow of $11.5 billion since the U.S. elections; Ethereum has also seen capital inflows for 7 consecutive weeks, totaling $1 billion, with a cumulative inflow over the 7 weeks reaching $3.7 billion.
In addition, due to the market's expectation of U.S. listed ETFs, some altcoins have also seen substantial capital inflow. All regions have shown a positive trend in capital inflow, particularly the United States, Switzerland, Germany, and Brazil, which recorded total inflows of $3.1 billion, $36 million, $33 million, and $25 million, respectively, reflecting a widespread optimistic sentiment in the market towards digital assets.
It is worth mentioning that on December 16, the price of Bitcoin broke $106,500, reaching a new all-time high. At the same time, the ratio of Bitcoin to gold also hit a historical high, further consolidating its position as "digital gold." Some company CEOs have stated that even if the spot price of Bitcoin exceeds $100,000, the company still plans to continue increasing its holdings. This could trigger passive inflows of capital, making it easier for the company to raise funds for purchasing Bitcoin. Despite the limited impact of this week's central bank meeting on the crypto market, Bitcoin is still completely driven by market sentiment; if the Federal Reserve adopts an extremely dovish stance, it could still provide further upward momentum for Bitcoin.
NFT Market Hotspots
As the token issuance of a certain project approaches, the floor price of related NFTs continues to rise, currently approaching $140,000. The NFT market has also welcomed a long-awaited recovery, with data showing that the total market value of top NFT series across the network has exceeded $10 billion, with the current market value at $10,450,232,468, a 24-hour increase of 10.2%; at the same time, the trading volume of NFT series across the network reached $71,146,166 in the past 24 hours, with an increase of 87.5%.
According to market data, the off-market price of a certain NFT project token is $0.053, combined with its total supply of 88.888 billion tokens, which brings the market capitalization of this token to $4.711 billion. In addition, the L2 network under the parent company of the project has also announced that it will launch its mainnet in January next year, with market expectations for token issuance. Under this dissemination effect, crypto players are filled with expectations for the wealth creation effect of this token.
Emerging Project Dynamics
A recent AI agent project built on the Eliza framework has attracted attention. This project can integrate AI Agents into Discord and Telegram to perform sentiment analysis on tokens, wallets, and social media. The project plans to donate 10% of its tokens to an AI-related DAO organization, demonstrating support for the development of the AI ecosystem.