On July 22, the latest market analysis from BitfinexAlpha pointed out that the price of Bitcoin reached a new 39-day high at $68,560, rebounding more than 29% from its low point on July 5. This upward trend indicates strong momentum in the encrypted market. A key turning point was the swift market absorption of 48,000 bitcoins cleared by the German Federal Criminal Police Office, showcasing market resilience and demand recovery. Additionally, ETF inflows saw positive growth last week, reaching nearly $1.2 billion, marking the first growth since early June. One reason for this is that the current price has risen above the average entry cost of $58,200 for ETF investors, boosting market confidence. With spot Ethereum ETF applications from companies like Fidelity and VanEck expected to trade on Cboe following approval by the U.S. SEC, the cryptocurrency industry is poised for significant regulatory milestones.