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Bitcoin’s price slid below the $61,000 mark, despite equity indices hitting record highs.The S&P 500 reached an all-time high, increasing by 0.6% to 5,509.This comes as Federal Reserve Chair Jerome Powell stated that progress has been made on inflation.
Bitcoin’s price is falling toward $60K again but some altcoins are standing tall.
Shiba Inu’s burn rate exploded by 8,500%, but SHIB’s price remains in the red.
Exchange-traded fund experts remain hopeful that mid-July will see a spot Ethereum ETF launched, but that has not been reflected in the underlying asset’s price which has fallen back again.
XRP is among the few leading cryptocurrencies in the green today (July 3).
- 03:59CryptoQuant Founder: High Spot Trading Volume is Beneficial for the MarketCryptoQuant founder and CEO Ki Young Ju posted on social media that the BTC market has long been driven by futures, but this trend has weakened compared to the last bull market. The ratio of futures to spot trading volume has dropped 63% from its peak. I believe that a high volume of spot transactions is beneficial for the market.
- 03:57Deribit Options Bulk Data: A user sold year-end call and put options worth $62,000ChainCatcher news, Lin Chen, Deribit's Head of Business in Asia Pacific, posted on social media that today's largest BTC block option: someone earned a premium of 3.48 million USD by selling year-end (strike price) $62,000 call options + $62,000 put options totaling 187.5 BTC. According to his analysis, this person is shorting volatility with a profitable price range of $47,500 - $89,000. The coin-based return reaches 8.8%, and the odds of winning are very high.
- 03:55The US Bitcoin spot ETF had a net outflow of 20.5 million dollars yesterdayBlockBeats reports that on July 4, according to Farside Investors data, the net outflow of the US Bitcoin spot ETF was $20.5 million yesterday. Among them, Grayscale GBTC had a net outflow of $27 million, while Fidelity FBTC had a net inflow of $6.5 million.
