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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.
- 02:49Market News: CANARY SUI ETF registered in DelawareGolden Finance reports, according to market news, CANARY SUI ETF is registered in Delaware.
- 02:44Sun Yuchen bought 250,000 OM for the first time and after 9 months, he bought AAVE againOdaily Planet Daily reports that according to Spot On Chain monitoring, Sun Yuchen's wallet received 250,000 OM (worth $1.72 million) and 2,500 AAVE (worth $535,000) from the exchange multi-signature wallet four hours ago. This marks the first time Sun Yuchen has held OM tokens and also his first major operation related to AAVE in nine months.
- 02:41After Trump established a Bitcoin strategic reserve, MicroStrategy's stock price MSTR fell by more than 7%Odaily Planet Daily reports that after President Trump signed an executive order to establish a strategic Bitcoin reserve, MicroStrategy's stock MSTR fell by more than 7%. As the largest holder of Bitcoin in the United States, the company's stock price is sensitive to changes in Bitcoin-related policies.