Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on July 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.73 trillion US dollars, witnessing a decrease of 3.64% compared to yesterday; the total trading volume is 121.25 billion US dollars, marking a decline of 50.7% from the previous day.
According to sosovalue, the price of $BTC is 117,400 USD, a decrease of 0.108% from yesterday. The market cap of $BTC is 2.34 trillion USD, accounting for 62.6% of the total market cap; $BTC's 24-hour trading volume is 24.29 billion USD, making up 20% of the total trading volume.
The price of $ETH is 2,942.4 USD, down 0.534% from yesterday; the market cap of $ETH is 355.19 billion USD, representing 9.53% of the total market cap; $ETH's 24-hour trading volume is 17.25 billion USD, comprising 14.2% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 72.13% of the total cryptocurrency market cap, and their combined trading volumes constitute 34.2% of the total trading volume.
On July 13, French President Macron stated that France shares the same position as the President of the European Commission and "strongly" opposes the United States' announcement of a comprehensive 30% tariff on goods exported from the EU, effective August 1. This statement was released after the European Commission had engaged in intensive negotiations with the United States over the past few weeks, during which it put forward solid proposals in good faith.
Based on European solidarity, the European Commission needs to firmly defend the EU's interests. This especially means that if an agreement cannot be reached before August 1, it is necessary to accelerate the preparation of credible countermeasures and mobilize all available means, including the Anti-Coercion Instrument.
On this basis, France will fully support the European Commission's position in the negotiations. Negotiations will be further intensified in order to reach a mutually acceptable agreement before August 1, reflecting the mutual respect that the EU and the United States should have as trading partners, and safeguarding their common interests and close value chains.
On July 12th, "Fed mouthpiece" Nick Timiraos published an article stating that the Fed is not expected to cut interest rates at its meeting later this month, but Powell has hinted that interest rate cuts may occur later this year if inflation performs well or the labor market weakens.
Trump wants to reduce the debt servicing costs of the federal deficit, while his tax cuts may expand the federal deficit. However, outside of extreme situations such as war, central banks in developed economies will resist this pressure. They believe that stabilizing inflation is crucial to maintaining people's confidence in their national currency. [BlockBeats]
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM Hong Kong time on July 12, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.73 trillion US dollars, witnessing a decrease of 3.64% compared to yesterday; the total trading volume is 121.25 billion US dollars, marking a decline of 50.7% from the previous day.
According to sosovalue, the price of BTC is 117,400 USD, a decrease of 0.108% from yesterday. The market cap of BTC is 2.34 trillion USD, accounting for 62.6% of the total market cap; BTC's 24-hour trading volume is 24.29 billion USD, making up 20% of the total trading volume.
The price of ETH is 2,942.4 USD, down 0.534% from yesterday; the market cap of ETH is 355.19 billion USD, representing 9.53% of the total market cap; ETH's 24-hour trading volume is 17.25 billion USD, comprising 14.2% of the total trading volume.
The combined market capitalization of BTC and ETH accounts for 72.13% of the total cryptocurrency market cap, and their combined trading volumes constitute 34.2% of the total trading volume.
On July 13, French President Macron stated that France shares the same position as the President of the European Commission and "strongly" opposes the United States' announcement of a comprehensive 30% tariff on goods exported from the EU, effective August 1. This statement was released after the European Commission had engaged in intensive negotiations with the United States over the past few weeks, during which it put forward solid proposals in good faith.
Based on European solidarity, the European Commission needs to firmly defend the EU's interests. This especially means that if an agreement cannot be reached before August 1, it is necessary to accelerate the preparation of credible countermeasures and mobilize all available means, including the Anti-Coercion Instrument.
On this basis, France will fully support the European Commission's position in the negotiations. Negotiations will be further intensified in order to reach a mutually acceptable agreement before August 1, reflecting the mutual respect that the EU and the United States should have as trading partners, and safeguarding their common interests and close value chains.
On July 12th, "Fed mouthpiece" Nick Timiraos published an article stating that the Fed is not expected to cut interest rates at its meeting later this month, but Powell has hinted that interest rate cuts may occur later this year if inflation performs well or the labor market weakens.
Trump wants to reduce the debt servicing costs of the federal deficit, while his tax cuts may expand the federal deficit. However, outside of extreme situations such as war, central banks in developed economies will resist this pressure. They believe that stabilizing inflation is crucial to maintaining people's confidence in their national currency. [BlockBeats]