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According to Jinse Finance, on Friday (July 18) at the close of New York trading, the main CME Bitcoin futures BTC contract fell 1.36% compared to Thursday’s New York close, settling at $118,000. Over the week, it declined by 0.73%, trading overall within the $124,000–$116,000 range and displaying an M-shaped trend. The main CME Ether futures DCR contract rose 3.08% to $3,528.50, with a cumulative weekly gain of 16.76%. It remained roughly flat on Monday and Tuesday, then began a sustained and steady upward trend before the U.S. stock market opened on Tuesday, which continued through to Friday’s Asia-Pacific midday session. Over the past seven calendar days, spot Bitcoin has edged up by 0.08%, also showing an M-shaped trend, and reached as high as $123,000 on Monday. Spot Ethereum has gained 19.42% over the past seven days, with a sustained and steady upward trend starting on Tuesday as well.

According to a report by Jinse Finance, Federal Reserve's Goolsbee stated that a certain consensus on tariffs is needed to better understand their impact on inflation. Ongoing announcements regarding tariffs mean that tariffs cannot be interpreted as a one-time price increase. Any factor that increases the difficulty of determining whether we have achieved the 2% inflation target will extend the timeline for rate cuts. We still need to wait and see. If inflation remains moderate for several months, I will feel more reassured. If uncertainties are resolved, rate cuts are possible. If we begin to see deterioration in the labor market, this will become an important factor in my policy considerations.