Announcements Gate Research: Multi-Day Rally in BTC and ETH, Ethereum ETF Progress, and Trump Incident Could Be Catalysts

Gate Research: Multi-Day Rally in BTC and ETH, Ethereum ETF Progress, and Trump Incident Could Be Catalysts

2024-07-19 06:13:01 UTC 11030 Read

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[Gate Research: Multi-Day Rally in BTC and ETH, Ethereum ETF Progress, and Trump Incident Could Be Catalysts](https://www.gate.io/learn/articles/gate-research-multi-days-rally-in-btc-and-eth-ethereum-etf-progress-and-trump-incident-could-be-the-catalysts/3564?ch=GSW_ann_20240718&utm_campaign=TR_S6HJne8c&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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Gate Research's Weekly Market Review and Outlook offers an in-depth examination of Bitcoin and altcoin trends, macroeconomic capital flows, and on-chain metrics. It also explores developments in prominent projects, details regarding token unlocks, and highlights from key industry conferences. This report delivers thorough analysis and forward-looking insights into the crypto market.

In our **Market Analysis**,BTC saw five consecutive days of gains before a slight pullback. ETH followed BTC's trend but recorded larger single-day increases due to the anticipated ETF launch. Altcoins experienced a broad-based rally. The surge in Meme coin trading pushed the mainnet Gas Fee above 10 gwei at the start of the week, though it later dropped to single digits. On-chain activity remains subdued.

In **Key Data Highlights**, Bitcoin spot ETFs witnessed increased net inflows, while the market capitalization of stablecoins saw a slight uptick. This indicates a faster inflow of off-exchange funds into the market, possibly driven by interest in alternative investment assets following the Trump assassination attempt and the market's expectations for the upcoming Ethereum spot ETF launch.

In **Market Opportunities**, This week, keep an eye on the airdrop project Karak. Karak is an emerging decentralized finance protocol focused on providing multi-chain asset management and re-staking services. Its vision is to offer users more efficient capital utilization and a richer array of yield options through its innovative re-staking mechanism.

Lastly, for **Next Week's Highlights**, the Ethereum community will launch the highly anticipated Pectra Devnet 1 testnet. Bitcoin 2024 will be held at the Music City Center in Nashville, Tennessee, USA. South Korea's Virtual Asset User Protection Act will come into effect. Thailand's Prime Minister will announce a digital wallet registration plan.

For a deeper dive into this week's market review and outlook, visit 👉🏻 [Gate Research: Multi-Day Rally in BTC and ETH, Ethereum ETF Progress, and Trump Incident Could Be Catalysts](https://www.gate.io/learn/articles/gate-research-multi-days-rally-in-btc-and-eth-ethereum-etf-progress-and-trump-incident-could-be-the-catalysts/3564?ch=GSW_ann_20240718&utm_campaign=TR_S6HJne8c&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

**Gate Research**

Gate Research is a comprehensive blockchain and crypto research platform, providing readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Click the [Link](https://www.gate.io/learn/topics?category=Research%2C%E7%A0%94%E7%A9%B6%E9%99%A2&page=1&sort=updated_at) to learn more 👉🏻 [https://www.gate.io/explore](https://www.gate.io/learn/topics?category=Research%2C%E7%A0%94%E7%A9%B6%E9%99%A2&page=1&sort=updated_at "https://www.gate.io/explore")

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Gate.io Team
July 2th, 2024

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