Economic Prespective
- Overall Market Sentiment: Macroeconomic data remained broadly supportive, with investors responding positively to robust economic indicators and earnings reports that highlighted continued resilience in U.S. consumer spending.
- Tariffs: President Trump continued to focus on tariff initiatives, which remained a key market variable. He reportedly demanded a minimum 15-20% tariff in any deal with the EU.
- Federal Reserve Policy: The Federal Reserve kept the short-term federal funds target rate at 4.25% to 4.50%. While President Trump urged the Fed to cut rates, Fed Chair Jerome Powell remained cautious about potential inflation threats from the administration's possible tariff increases.
- Housing Market: Housing starts in the United States rose by 4.6% in June to a seasonally adjusted annualized rate of 1.321 million. Existing home sales slipped slightly, with low affordability continuing to weigh on demand.
- Consumer Sentiment: The University of Michigan consumer sentiment index increased to 61.8 in July, the highest in five months.
- Producer Price Index (PPI): The PPI edged up 0.1% in June, rebounding from May's decline.
- Stock Market Performance: The S&P 500 and Nasdaq Composite reached fresh record intraday highs. The S&P 500 was up about 0.50% for the week.
- Key Economic Indicators:
- NZD CPI (YoY) (Q2): Actual: 2.8%, Consensus: 2.8%, Previous: 2.5%
- NZD CPI (QoQ) (Q2): Actual: 0.6%, Consensus: 0.6%, Previous: 0.9%
- China Loan Prime Rate 5Y (Jul): Actual: 3.50%, Consensus: 3.50%, Previous: 3.50%
- PBoC Loan Prime Rate: Actual: 3.00%, Consensus: 3.00%, Previous: 3.00%
Cryptocurrency News
- Bitcoin (BTC) Performance: Bitcoin reached a new all-time high, trading around $119,000. Bitcoin's realized cap tapped a $1T milestone, fueled by a 25% surge in 2025.
- Altcoin Performance: XLM and HBAR saw impressive gains of 22% and 27%, respectively. AUCTION, 1INCH, and FUN led gains among major cryptocurrencies. Litecoin also experienced a double-digit increase.
- Ethereum (ETH): Ethereum focused on scalability and privacy enhancements. Ethereum ETFs were booming, with BlackRock's ETHA leading with substantial daily inflows.
- Regulatory Developments: President Trump signed the GENIUS Act, the first federal law regulating cryptocurrency, specifically setting government guidelines for stablecoins.
- Token Unlocks: Official Trump (TRUMP), FastToken (FTN), and Arbitrum (ARB) prepared for significant token unlocks, potentially leading to market volatility. Arbitrum released 92.65 million tokens.
- Market Trends: The global cryptocurrency market cap was at $3.68T.
Economic and Crypto Analysis for the Upcoming Week (July 21 - July 27, 2025)
- Economic Focus: Market attention will likely remain focused on trade developments and potential agreements between the US and its key trading partners. The US earnings season will move into full swing, with major companies reporting quarterly results. Key US data releases include flash S&P Global PMIs, durable goods orders, existing and new home sales.
- Cryptocurrency Outlook: Bitcoin price predictions for the upcoming week vary, but some forecasts suggest a slight decrease. Keep an eye on market reactions to the recent token unlocks and regulatory developments.
SorooshX Updates
We are excited to announce the listing of trending trading pairs on our platform (Spot and Futures) during the last week:
- Spot: Chainbase Token (C), pump.fun (PUMP), Ani Grok Companion (ANI), W Coin (W1), TAC Protocol (TAC), Eclipse (ES), Caldera (ERA).
- Futures: USELESSUSDT, TACUSDT, VELVETUSDT, CUSDT.
🚀 Another new skyrocket on SorooshX
ERA that has been listed recently on SorooshX surged up to 40× from listing date 🔥
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