Announcements Gate Research: Bitcoin Retraces After Breaching $70,000 Mark, Solana On-Chain Transactions Overtake Ethereum

Gate Research: Bitcoin Retraces After Breaching $70,000 Mark, Solana On-Chain Transactions Overtake Ethereum

2024-07-31 01:56:35 UTC 8108 Read

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[Gate Research: Bitcoin Retraces After Breaching $70,000 Mark, Solana On-Chain Transactions Overtake Ethereum](https://www.gate.io/learn/articles/gate-research-bitcoin-retraces-after-breaching-70000-mark-solana-on-chain-transactions-overtake-ethereum/3668?ch=GDR_ann_20240730&utm_campaign=TR_JgG2Cu4N&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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**Gate Research 07.30 Daily Report Now Available!**  The report covers daily crypto price trends, macro capital flows, popular tokens, updates on hot projects, impact of current events, and market opportunities for project financing and short positions, providing a quick analysis of the crypto market.
**Market Analysis**: BTC price briefly surged to $70,000 before falling back to around $66,500, while ETH fluctuated around $3,300.
**Top Performers**: The US government transferred 29,799.99 BTC, approximately $2.02 billion, from its address and still holds 183,439 BTC, equivalent to about $12.35 billion.
**Data Highlights**: Both Bitcoin and Ethereum ETFs experienced net outflows yesterday, with the main source of Ethereum ETF outflows being Grayscale's ETHE.
**Market Opportunities**: Three projects completed financing, each raising millions of dollars. The products cover AI infrastructure, account management tools, and DeFi protocols.

Explore today's details  👉🏻 [Gate Research: Bitcoin Retraces After Breaching $70,000 Mark, Solana On-Chain Transactions Overtake Ethereum](https://www.gate.io/learn/articles/gate-research-bitcoin-retraces-after-breaching-70000-mark-solana-on-chain-transactions-overtake-ethereum/3668?ch=GDR_ann_20240730&utm_campaign=TR_JgG2Cu4N&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

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Gate.io Team
July 31st, 2024

Gate Research: Bitcoin Retraces After Breaching $70,000 Mark, Solana On-Chain Transactions Overtake Ethereum

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