Trump on Support of #bitcoin.
- Trump offers a price of $844,600 per person to join private roundtable at Bitcoin conference.
- Donald Trump vows to keep Crypto and bitcoin innovation in the USA and protect self-custody rights.
Unemployment claims can me higher than consensus. Which means weakening labor market.
Disinflation and weak labor market, now Fed has no other choice than do rate cut on September.
This is bullish to risk assets, including crypto.
36% of the Mt. Gox Bitcoin has been distributed to the creditors. What's next?
“As of yesterday, the trustee holds 141,686 BTC, which will be distributed over time. With yesterday's transaction, 36% of the Bitcoin has been moved to their former users.”
🚨🚨🚨 GLOBAL OUTAGES
- Major banks, media and airlines affected by major IT outage
- Significant disruption to some Microsoft services
- 911 services disrupted in several US states
- Services at London Stock Exchange disrupted
- Sky News is off air
- Reports the issue relates to problem at global cybersecurity firm Crowdstrike
Bitcoin spot ETF had a total net inflow of $53.3475 million on July 17, with net inflows continuing for 9 consecutive days. Grayscale ETF GBTC had a net outflow of $53.8612 million on a single day, BlackRock ETF IBIT had a net inflow of $110 million, and Fidelity ETF FBTC had a net inflow of $2.8259 million.
Читать полностью…$ETH Macro Analysis
Finally, ETH ETF will start trading by 23rd July, Billions of funds are sidelined which will flow in once ETF starts trading. ETH ETF staking is also in the works which rewards institutions to hold ETH for the longer term.
TA-wise breakout from the downtrend and reclaimed the 2021 Value area high. ETH will be on an uptrend in the coming months, potentially printing ATH this year.
MW
Bitcoin spot ETFs had a total net inflow of $423 million on July 16, continuing net inflows for 8 consecutive days. BlackRock ETF IBIT had a single-day inflow of $260 million, and Fidelity ETF FBTC had a single-day inflow of $61.053 million.
Читать полностью…Mt. Gox moved 44,527 BTC ($2.84B) to an internal wallet, potentially for repayment. They currently hold 138,985 BTC ($8.87B).
Читать полностью…Federal Reserve Chairman Powell said on Monday that the Fed will not wait until inflation falls to 2% before starting to cut interest rates. The Fed needs more evidence of falling inflation to ensure the correctness of policy adjustments. The recent slowdown in inflation and economic activity is generally in line with the Fed's expectations.
Читать полностью…Bitcoin Fear and Greed Index is 25 — Extreme Fear
Bitcoin hit $64000 mark overnight
According to CoinShares, digital asset investment products saw $1.44 billion in inflows last week, bringing year-to-date inflows to a record $17.8 billion. Bitcoin saw its fifth-largest weekly inflow on record, at $1.35 billion. Ethereum saw $72 million in inflows.
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