Global #Altcoins

Major altcoins like XRP, Solana, and Dogecoin are experiencing significant corrections, with declines of 5% to 7% in a single day.

The landscape of corporate treasury management is evolving, with a notable surge in demand for top-tier altcoins like Ethereum (ETH), BNB, and Sui (SUI).

As the final week of July begins, the crypto derivatives market is sitting on historically high open interest, topping $200 billion.

Our strategy of overweighting Ethereum (ETH) and Solana (SOL) paid off early this week as altcoins led the market rally. However, as momentum began to slow, we defensively trimmed our exposure, rotating into Bitcoin (BTC) and increasing our cash position.

Bitcoin's recent surge to a record high of over $122,000 has sent a bullish wave across the entire cryptocurrency market. While BTC has since undergone a moderate correction, the total crypto market capitalization remains strong, hovering near the $4 trillion mark.

The crypto market, after a mid-week shift from a bullish to a bearish tone, is now showing signs of a potential rebound. With the weekend historically being a period of high volatility, several altcoins are poised for significant movement.