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The latest price moves in crypto markets in context for July 11, 2023.
"The dollar index futures act a robust complement to the long-only portfolio from both a thematic and empirical perspective," Marex's Mark Arasaratnam said.
PLUS: Mantle Network is mulling a $200 million ecosystem fund for its new layer-2 blockchain.
Bitcoin Ordinals, a method of generating non-fungible tokens (NFTs) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain.
The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.
The head of research for digital asset manager 3iQ wrote that the largest cryptocurrency by market capitalization is still riding tailwinds from multiple spot bitcoin ETF filings and other June events.
Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
The latest price moves in crypto markets in context for July 10, 2023.
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
- 18:01GMGN Joint Creation: Issues have arisen with Solana's MEV facility, it is recommended that users control slippage and transaction amountsGMGN United Creation @haze0x posted on X platform saying: There are problems with the mev facility on the sol chain, and the clamps have started to go wild. Everyone pay attention to controlling slippage. Control each transaction amount.
- 17:07Analyst: In the past 48 hours, whales have bought approximately 330,000 ETHCrypto analyst Ali Martinez revealed data on the X platform, stating that in the past 48 hours, whales have bought approximately 330,000 ETH.
- 17:05The US Bitcoin spot ETF market has seen capital outflows for four consecutive weeksNews on March 9, the US Bitcoin spot ETF market has seen capital outflows for four consecutive weeks. According to data from Farside Investors, as of the week ending March 7, the largest single-week fund outflows included: Fidelity Wisdom Origin Bitcoin Fund (FBTC) with a net outflow of $201 million, continuing its outflow for six weeks. ARK 21Shares Bitcoin ETF (ARKB) had a net outflow of $163.5 million. iShares Bitcoin Trust (IBIT) had a net outflow of $129.6 million. With institutional investors pulling back, weak demand disrupted the balance between supply and demand for bitcoin, causing it to fall by 8.76% over the past week.