Matrixport: U.S. 'Crypto Week' Heat Up, Ethereum Surge Led by Asia

BlockBeats News, July 16th, Matrixport released today's market analysis, with Ethereum up 18% in the past month, 17 percentage points of which came from the Asian trading session. Over the past week, Bitcoin and Ethereum have risen by 8% and 19%, respectively.

The upcoming "Crypto Week" and the warming policy expectations have boosted market sentiment, with the United States' ETF inflows, corporate allocations, and the anticipation of Circle's listing becoming important market drivers. However, the influence on Ethereum's price discovery is gradually shifting towards the Asian market.