Market dynamics on July 3: BTC plunges, altcoins break first
I. Market Dynamics
1. Market Trend: BTC plummeted, with altcoins breaking first.
2. U.S stocks rose, market driven by Trump trades including a strong dollar and higher U.S bond yields.
II. Market Highlights
1. RWA's OM increased in collaboration with Mantra Chain, conducting $500 million real estate RWA in the UAE.
2. Solana ecosystem BILLY surged against the market to reach a new high. BILLY is a dog-themed meme on Solana, with an increasing number of holders. When the broader market is weak, speculative funds will go to chains that do not require high liquidity.
3. AI's IO fell due to rumors of team secretly mining shares.
4. Symbiotic re-pledged to increase pool limit; Symbiotix is Eigenlayer's competitor where DeFi miners are flocking for mining opportunities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
