$BTC The market is showing mixed dynamics: Bitcoin is trading around the $62,500 – $65,000 mark amid institutional outflows from spot ETFs, but with a prevailing cautious optimism fueled by a possible easing of monetary policy by the U.S. Federal Reserve.


Despite prolonged periods of declining investment in funds and rumors of downside risk, spot Bitcoin ETFs recently recorded a net capital inflow, breaking a 10-day losing streak.
U.S. Senator Kirsten Gillibrand has proposed banning politicians from issuing their own digital assets.

Spikes of activity are observed in some projects. For example, the cryptocurrencies EOS and Cardano (ADA) have shown local bullish rallies with gains of 10-12%.

Japanese financial conglomerate SBI has announced the closure of its mining pool SBI Crypto (which accounted for about 2% of the Bitcoin network's hashrate) by July 31.

In Russia, regulators (the Bank of Russia and T-Bank) are recording the appearance of questionable cryptocurrency payment schemes via QR codes in stores.
BTC0.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned