Last week in the news
Although there is a positive sentiment on financial markets, still, a level of precaution among investors could be also observed. Markets used the previous week to both digest the latest US macro data and to prepare for the July inflation report coming in the week ahead. The US equity markets finished the week in a positive territory, with S&P 500 reaching the level of 6.389. On the same ground, the 10Y US benchmark yields corrected a bit last week's push toward the 4,20%, by ending this week at 4,28%. The price of gold was under the impact of “misinformation” of Swiss officials that the 39% imposed tariffs on Swiss goods also refer to gold imported from this country. Gold reached the level of $3.398. The US Presidential order that 401 (k) pension plans could include cryptocurrencies, pushed the BTC to higher grounds, ending the week above the $116K.
During the previous week there has not been much of currently significant US macro data scheduled for a release, in which sense, investors have used it to set the trading for the week ahead, when US July inflation data are set to be released. At the same time, news that occupied US equity markets came from Apple, whose shares rose by 13% within a week. Namely, its CEO, Tim Cook, met last week with the U.S. President in the Oval Office, to discuss the plans of Apple to invest $600B over the next four years in the U.S. Analysts have interpreted the move as an effort to appease the U.S. President, who has repeatedly called for IPhones to be manufactured domestically. Tim Cook commented that IPhone will not be assembled in the US for a while.
Another news that attracted market attention was that the U.S. President Donald Trump has signed an executive order permitting cryptocurrency investments in 401(k) retirement plans, potentially unlocking billions of dollars for the asset class. The order also extends to private equity investments, significantly expanding the range of assets retirement plan providers can allocate funds to. Analysts are noting that this move could not only boost crypto prices but also deepen the integration of digital assets into the mainstream financial system.
The US Federal Appeals Court currently reviews challenges to implemented tariff policy, by the U.S. Administration. As per former House Speaker Paul Ryan, the Supreme Court might invalidate duties imposed under the International Emergency Economic Powers Act of 1977. Commenting on this news, the US President warned U.S. courts against blocking his tariff policy, highlighting its “positive impact” on the stock market and cautioning that such interference could trigger a severe economic downturn, comparing it with the one that occurred in 1929. In the U.S.
As Reuters is reporting, global equity funds faced significant selling pressure last week, with investors pulling out a net $7.82 billion amid U.S. tariff announcements and signs of economic weakness fuelling risk aversion. Meanwhile, money market funds saw their largest weekly inflows since January, attracting $135.37 billion as investors sought safer assets. Despite heavy outflows from U.S. equity funds, European and Asian equities, along with sector funds in communication services, industrials, and tech, saw notable inflows. Additionally, global bond funds attracted nearly $21 billion, led by strong demand for short-term, euro-denominated, and high-yield bonds.
CRYPTO MARKET
Another positive news hit the crypto market, when the U.S. President signed an executive order, which permits crypto investments for the U.S. pension 401(k) plan. Analysts are noting its significance, considering the high amount of funds which are held in these funds, part of which could be distributed also in the crypto currencies. Such a move would certainly increase the prices of BTC and some altcoins, through increased demand for these coins. This news mostly pushed altcoins to higher grounds during the previous week. Total market capitalization was increased by 8% on a weekly basis, adding total $274B to its market cap. Daily trading volumes were modestly increased to the level of $314B on a daily basis. Total crypto market capitalization increase from the beginning of this year currently stands at +20%, with a total funds inflow of $658B.
Although BTC gained during the previous week, still the coin was left in the shadow of altcoins. The star of the week certainly was ETH, with an increase in value of 23%, certainly not recently seen for this coin. ETH attracted $97B of new funds, surpassing BTC, which attracted $73B and an increase in value of 3,2% w/w. XRP is also a coin with a significant weekly gain of 14,2% and a cap increase of $24B. Market favorite Solana had a surge in value of 13% or $11,5B. DOGE also had a strong shift in value of 24%, while Stellar, Uniswap, Theta also had a surge of more than 20%. ADA, Monero, Filecoin surged by around 15% each, while the majority of other altcoins gained around 10% on a weekly basis. Overall, an extremely good week for altcoins.
As for coins in circulation, there has not been much change compared to the previous week. Stellar had a surge in value, but it also increased the number of coins on the market by 0,2%. This week was another week with IOTAs coin surge by 0,8%. Solana increased its number of coins by 0,2%.
Crypto futures market
Following spot market developments, crypto futures significantly gained in value during the previous week. As ETH managed to pass the $4K mark, so the crypto futures followed, surging by almost 16% on a weekly basis. ETH futures maturing in December this year closed the week at $4.197, and those maturing in December 2026 were last traded at $4.509.
BTC futures gained almost 3% for all maturities. Futures with maturity in December this year closed the week at $119.875, and those maturing in December next year reached the last price at $126.940. Just as a reminder, the historically highest price reached for this maturity was $129.355.
Although there is a positive sentiment on financial markets, still, a level of precaution among investors could be also observed. Markets used the previous week to both digest the latest US macro data and to prepare for the July inflation report coming in the week ahead. The US equity markets finished the week in a positive territory, with S&P 500 reaching the level of 6.389. On the same ground, the 10Y US benchmark yields corrected a bit last week's push toward the 4,20%, by ending this week at 4,28%. The price of gold was under the impact of “misinformation” of Swiss officials that the 39% imposed tariffs on Swiss goods also refer to gold imported from this country. Gold reached the level of $3.398. The US Presidential order that 401 (k) pension plans could include cryptocurrencies, pushed the BTC to higher grounds, ending the week above the $116K.
During the previous week there has not been much of currently significant US macro data scheduled for a release, in which sense, investors have used it to set the trading for the week ahead, when US July inflation data are set to be released. At the same time, news that occupied US equity markets came from Apple, whose shares rose by 13% within a week. Namely, its CEO, Tim Cook, met last week with the U.S. President in the Oval Office, to discuss the plans of Apple to invest $600B over the next four years in the U.S. Analysts have interpreted the move as an effort to appease the U.S. President, who has repeatedly called for IPhones to be manufactured domestically. Tim Cook commented that IPhone will not be assembled in the US for a while.
Another news that attracted market attention was that the U.S. President Donald Trump has signed an executive order permitting cryptocurrency investments in 401(k) retirement plans, potentially unlocking billions of dollars for the asset class. The order also extends to private equity investments, significantly expanding the range of assets retirement plan providers can allocate funds to. Analysts are noting that this move could not only boost crypto prices but also deepen the integration of digital assets into the mainstream financial system.
The US Federal Appeals Court currently reviews challenges to implemented tariff policy, by the U.S. Administration. As per former House Speaker Paul Ryan, the Supreme Court might invalidate duties imposed under the International Emergency Economic Powers Act of 1977. Commenting on this news, the US President warned U.S. courts against blocking his tariff policy, highlighting its “positive impact” on the stock market and cautioning that such interference could trigger a severe economic downturn, comparing it with the one that occurred in 1929. In the U.S.
As Reuters is reporting, global equity funds faced significant selling pressure last week, with investors pulling out a net $7.82 billion amid U.S. tariff announcements and signs of economic weakness fuelling risk aversion. Meanwhile, money market funds saw their largest weekly inflows since January, attracting $135.37 billion as investors sought safer assets. Despite heavy outflows from U.S. equity funds, European and Asian equities, along with sector funds in communication services, industrials, and tech, saw notable inflows. Additionally, global bond funds attracted nearly $21 billion, led by strong demand for short-term, euro-denominated, and high-yield bonds.
CRYPTO MARKET
Another positive news hit the crypto market, when the U.S. President signed an executive order, which permits crypto investments for the U.S. pension 401(k) plan. Analysts are noting its significance, considering the high amount of funds which are held in these funds, part of which could be distributed also in the crypto currencies. Such a move would certainly increase the prices of BTC and some altcoins, through increased demand for these coins. This news mostly pushed altcoins to higher grounds during the previous week. Total market capitalization was increased by 8% on a weekly basis, adding total $274B to its market cap. Daily trading volumes were modestly increased to the level of $314B on a daily basis. Total crypto market capitalization increase from the beginning of this year currently stands at +20%, with a total funds inflow of $658B.
Although BTC gained during the previous week, still the coin was left in the shadow of altcoins. The star of the week certainly was ETH, with an increase in value of 23%, certainly not recently seen for this coin. ETH attracted $97B of new funds, surpassing BTC, which attracted $73B and an increase in value of 3,2% w/w. XRP is also a coin with a significant weekly gain of 14,2% and a cap increase of $24B. Market favorite Solana had a surge in value of 13% or $11,5B. DOGE also had a strong shift in value of 24%, while Stellar, Uniswap, Theta also had a surge of more than 20%. ADA, Monero, Filecoin surged by around 15% each, while the majority of other altcoins gained around 10% on a weekly basis. Overall, an extremely good week for altcoins.
As for coins in circulation, there has not been much change compared to the previous week. Stellar had a surge in value, but it also increased the number of coins on the market by 0,2%. This week was another week with IOTAs coin surge by 0,8%. Solana increased its number of coins by 0,2%.
Crypto futures market
Following spot market developments, crypto futures significantly gained in value during the previous week. As ETH managed to pass the $4K mark, so the crypto futures followed, surging by almost 16% on a weekly basis. ETH futures maturing in December this year closed the week at $4.197, and those maturing in December 2026 were last traded at $4.509.
BTC futures gained almost 3% for all maturities. Futures with maturity in December this year closed the week at $119.875, and those maturing in December next year reached the last price at $126.940. Just as a reminder, the historically highest price reached for this maturity was $129.355.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.