At 8 o’clock on July 31, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 1037.58 points, up 1.70% in the past 24 hours, with a turnover of 50.273 billion U.S. dollars, a decrease of 24.77% from the previous 24 hours. The index component tokens Among them, 70 rose and 30 fell; the ChaiNext 5 index, which reflects the performance of blue-chip cryptocurrencies in the broader market, reported 897.91 points, an increase of 1.64% in the past 24 hours, with a turnover of 40.400 billion US dollars, a decrease of 24.11% compared with the previous 24 hours; Bitcoin bubble index ( BBI Index) reported 76.25 points, up 0.20% in the past 24 hours; USDT OTC Index (USDT OTC Index) reported 99.18 points, down 0.08% in the past 24 hours. Yesterday, BTC continued to fluctuate at a high level, while ETH once again led the rise and broke through the previous high, driving other mainstream currencies to move up. It is currently a slight correction. It is necessary to observe whether it can stabilize the current position. At the same time, the US stock market rose yesterday after the market, short-term linkage and mainstream currency liquidity proliferation are all conducive to the short-term BTC price. If ETH can maintain its current position or continue to rise, the probability of BTC following the rise is relatively high.