BitMart Market Daily: BTC falls to around $63000, market awaits Federal Reserve meeting minutes Odaily Planet Daily News: According to BitMart's market observation on July 8th, BTC is currently trading at around $62838, with an intraday high of around $64151 and a low of around $62572; ETH reported around $1624.95; XRP reports around $1.059. Overall, mainstream assets saw a slight decline today, with BTC falling from above $64000 to around $63000, ETH remaining above $1600, and XRP continuing to consolidate narrowly. After continuous recovery, the market entered a short-term wait-and-see phase. BTC failed to stabilize at $64000 today, indicating that upward pressure still exists, and short-term funds tend to be cautious before the release of the Federal Reserve meeting minutes; From the perspective of the contract market, the BitMart BTC perpetual funding rate is currently 0%, which is a neutral rate. This data indicates that the long and short forces on the contract side are basically balanced, and there has been no significant bullish crowding during the rebound process. Combined with the BTC spot falling from intraday highs, the current market is closer to a normal turnover after repair, rather than a trend driven upward attack driven by high leverage funds. BitMart X Insight: Today's market focus is on the repricing of interest rates and risk assets ahead of the Federal Reserve meeting minutes. The yield of US dollar and US treasury bond bonds strengthened before the release of the minutes, and the yield of US 10-year treasury bond bonds rose to around 4.50%, indicating that the market is still waiting for clearer policy signals. At the same time, technology stock futures are under pressure, AI and semiconductor chains are experiencing a pullback, and risk asset sentiment has cooled down compared to the previous trading day. On the other hand, the attack on ships near the Strait of Hormuz has driven a rebound in oil prices, bringing energy price fluctuations back into the market's view. For the cryptocurrency market, rising interest rates, pressure on technology stocks, and a rebound in oil prices collectively suppress short-term risk appetite, which is also an important background for BTC's decline from above $64000 today. However, BitMart's funding rate remains neutral, indicating that there is no significant congestion on the contract side, and the market decline is more reflected in risk control before macro events. In the short term, if BTC can hold within the range of $62000 to $63000, there is still a chance for ETH and XRP to maintain low levels for repair; If the Federal Reserve's minutes strengthen expectations of tightening, mainstream assets may return to range bound volatility. It is recommended that investors continue to pay attention to the changes in BTC's acceptance within the range of $62000 to $63000, as well as whether ETH can operate stably above $1600. This article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile and carries high risks. Please make rational decisions and take personal risk control measures.