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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.
PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
- 07:05Today's Fear and Greed Index dropped to 49, and the level changed from Greedy to NeutralAccording to Bitget data on February 22, today's Fear and Greed Index dropped to 49 (yesterday's was 55), and the level changed from greed to neutral. Note: The threshold of the Fear Index is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).
- 06:16In the past 40 minutes, 36,000 ETH has been transferred from CEX hot wallet to CEX cold walletPANews reported on February 22nd, according to Lookonchain monitoring, in the past 15 minutes, an additional 36,000 ETH (96.5 million USD) has been transferred from CEX hot wallet to CEX cold wallet.
- 06:14Data: The circulation of USDC has increased by approximately 100 million in the past 7 daysPANews reported on February 22, according to official data, within the seven days up to February 20, Circle issued approximately 2.1 billion USDC and redeemed about 2 billion USDC, increasing the circulation by about 100 million. The total circulation of USDC is around 56.1 billion, with reserves of approximately $56.4 billion USD; this includes roughly $6.9 billion in cash and an estimated $49.5 billion held in the Circle Reserve Fund.