Bitcoin is trading near $63,000, with rate markets assigning roughly 66% odds to a September Federal Reserve hike, under a policy framework Kevin Warsh has left partly hidden. The Fed chair has defined his reaction function around “underlying inflation,” then declined to disclose how he weighs the indicators that produce that judgment.
U.S. spot bitcoin ETFs posted $265.4 million in net outflows on July 31, led by Blackrock's IBIT, while spot ether ETFs pulled in roughly $9 million the same day. A Sharp One-Day Reversal US spot bitcoin ETFs recorded $265.4 million in total net outflows on July 31.
The Binance founder urged holders to spread funds across multiple wallets as Galaxy Research put the toll from the Coldcard exploit at roughly $70 million—nearly double the initial estimate.
Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.
CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.
After a second quarter marked by historic capital outflows, American crypto ETFs are finally regaining ground. In July, these financial products recorded a positive net balance, sign of renewed interest from institutional investors.
Bitcoin has seen a rapid shift in its social sentiment just after a massive Coldcard scam attack that targeted Bitcoin holders in a $70 million exploit, causing investors to grow wary.
Institutional focus on Bitcoin over altcoins may limit diversification opportunities, potentially stifling innovation and growth in smaller tokens. Bitcoin dominance surges past 58% as institutional capital floods into BTC over altcoins.
Bitcoin's underperformance against the dollar highlights the challenges for risk assets in a strong dollar environment, prompting portfolio reassessments. Bitcoin underperforms against US dollar amid recent rally, breaking pattern seen since 2015.
Bitcoin enters the weekend near $62,900, less than 1% above the July 31 intraday low, and Deribit has already settled roughly $9.6 billion in monthly Bitcoin options. The venue settles monthly contracts at 08:00 UTC on the last Friday of each month, and live expiry data placed July's Bitcoin notional near $9.7 billion.
Election outcomes may reshape crypto regulation as lawmakers race to finalize the CLARITY Act
Strategy's Bitcoin sales could destabilize crypto markets, impacting liquidity and investor sentiment, potentially triggering a price decline. Strategy authorizes up to $5B in Bitcoin sales after $8B Q2 loss.