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BNB $604.34 +0.15%
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SOL $75.76 +1.92%
TRX $0.3310 -0.02%
DOGE $0.0702 +1.03%
ADA $0.1734 -1.33%
BCH $204.17 +0.67%
LINK $9.48 +1.16%
HYPE $59.03 +3.21%
AAVE $88.47 +3.06%
SUI $0.6742 +0.62%
XLM $0.1572 +0.56%
ZEC $511.52 +5.26%

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Data: $63,000 has become the current battleground for Bitcoin bulls and bears, as well as an important market support level

According to Glassnode data, around $63,000 is becoming an important support and battle zone for Bitcoin (BTC) in the current market. Bitcoin has been oscillating between $60,000 and $67,000 in recent weeks, with over 3% of the circulating supply of BTC, approximately 515,000 BTC, having a cost basis concentrated around $63,000; additionally, over 362,000 BTC is concentrated in the $61,000 region.Glassnode points out that currently, only the supply density in the $78,000 to $82,000 range is higher than this area, which corresponds to Bitcoin's peak in May. Furthermore, the current price of Bitcoin nearly coincides with the 200-week moving average. Glassnode data shows that the 200-week moving average is currently around $63,657, while the BTC price is about $63,822, indicating a significant historical accumulation and strong cost support in this area.From the 30-day Accumulation Trend Score, all types of investors are currently in a net accumulation state, with retail buying pressure being the most evident; at the same time, whale addresses holding over 1,000 BTC are also continuously increasing their positions, indicating that long-term capital is still being deployed. The $63,000 area has become a key price zone in Bitcoin's short-term market structure, and investor accumulation behavior may provide important references for subsequent trends.

Today, the focus is on financial data and events, with several important data points to be released on July 30

According to Jinshi, on Thursday, July 30, 2026, the following financial data and events will be of interest: 01:30 Bank of Canada releases monetary policy meeting minutes; 02:00 Federal Reserve FOMC announces interest rate decision; 02:30 Federal Reserve Chair Waller holds a monetary policy press conference; 04:00 Meta, Microsoft, Qualcomm, ARM release Q2 earnings reports; 09:00 Samsung Electronics releases Q2 earnings report and holds an industry performance briefing; 13:30 France's preliminary Q2 GDP year-on-year; 15:00 Switzerland's July KOF Economic Leading Indicator; 16:00 Germany's preliminary Q2 seasonally adjusted GDP year-on-year; 17:00 Eurozone's preliminary Q2 GDP year-on-year; 17:00 Eurozone's June unemployment rate; 17:00 Eurozone's July industrial sentiment index; 17:00 Eurozone's July economic sentiment index; 19:00 Bank of England announces interest rate decision; 19:30 Bank of England Governor Bailey holds a press conference; 20:00 Germany's preliminary July CPI month-on-month; 20:30 U.S. initial jobless claims for the week ending July 25; 20:30 U.S. June core PCE price index year-on-year; 20:30 U.S. June personal spending month-on-month; 20:30 U.S. preliminary Q2 real GDP annualized quarter-on-quarter; 20:30 U.S. preliminary Q2 real personal consumption expenditures quarter-on-quarter; 20:30 U.S. preliminary Q2 core PCE price index annualized quarter-on-quarter; 20:30 U.S. June core PCE price index month-on-month; 22:30 U.S. EIA natural gas inventory for the week ending July 24; the next day at 04:00, Amazon and Apple will release earnings reports.

Benchmark lowers Coinbase's performance expectations, the "CLARITY Act" may be an important catalyst for stock prices

Benchmark has lowered its second-quarter performance expectations for Coinbase ahead of the earnings report next week, citing weak trading activity in the cryptocurrency market, but still maintains a "Buy" rating and a target price of $270. Based on Coinbase's stock price of about $172 on Wednesday, this target price corresponds to an upside potential of approximately 57%.Benchmark analyst Mark Palmer has revised Coinbase's second-quarter revenue expectation from $1.51 billion to $1.38 billion and has lowered the full-year revenue expectation for 2026 from $6.33 billion to $6 billion. The trading volume on centralized exchanges in the second quarter has decreased by about 28%, and the total market capitalization of the cryptocurrency market has dropped by about 13%. The firm expects Coinbase's trading revenue to decline by more than 5%.However, the market showed initial signs of stabilization in June, with spot trading volume exceeding $1 trillion for the first time since March, which may somewhat alleviate the weak performance in the second quarter.Benchmark believes that if the CLARITY Act is ultimately passed, it could become a more significant catalyst for the stock price than quarterly performance, with Coinbase potentially being one of the main beneficiaries of the act. Trump has previously agreed to the relevant ethical provisions, removing a key obstacle to the advancement of the bill.

WasabiCard CEO: Clear regulations are an important step for stablecoin payments to move towards mainstream applications

According to reports, the U.S. "Digital Asset Market Clarity Act" (CLARITY Act) is expected to enter the next stage of the legislative process on July 4, 2026. As the regulatory framework for digital assets continues to improve, the market's expectations for the development of stablecoin payments have become clearer, providing businesses with more explicit policy references for adopting stablecoins for global payments.In this regard, WasabiCard CEO Ray Yang stated, "For businesses, regulatory transparency is more important than regulatory leniency. Companies can adapt to strict compliance requirements, but it is challenging to formulate long-term development plans in an environment where regulations are unclear. The advancement of the CLARITY Act will create a clearer and more predictable development environment for stablecoin payments."As an enterprise-level stablecoin global payment infrastructure platform, WasabiCard continuously enhances its compliance capabilities and global payment network, establishing a risk management system covering KYB, KYC, KYT, and AML, and holds U.S. MSB and MTL licenses, providing businesses with one-stop payment solutions for global card issuance, stablecoin payments, global remittances, and fund distribution.Regarding the development prospects of stablecoin payments, Ray Yang believes, "As the global regulatory environment continues to improve, stablecoin payments will accelerate their integration into the global payment systems of enterprises. WasabiCard will continue to help businesses conduct global operations more robustly through compliant and reliable payment infrastructure."
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