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Bitcoin is down to one-month lows, and BTC price predictions are tending to assume worse is to come — how much lower can bears manage?
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
Bitcoin price is down today as investors expect the Federal Reserve to raise rates and crypto whales send record amounts of BTC to exchanges.
The latest price moves in crypto markets in context for July 24, 2023.
- 20:13All Three Major U.S. Stock Indexes Close HigherAccording to Jinse Finance, all three major U.S. stock indexes closed higher, with the Dow Jones up 0.53%, the Nasdaq up 0.25% to reach another record closing high, and the S&P 500 up 0.32%.
- 18:25Whale Closes ETH Short Position with 18x Leverage, Incurring $8.44 Million Intraday LossOdaily Planet Daily reported that, according to Lookonchain monitoring, as the price of ETH surpassed $3,300, the whale "0x2258," who had previously opened 18x leveraged short positions on ETH, closed all ETH short positions before being liquidated, incurring a daily loss of $8.44 million.
- 18:08World Liberty Financial Community Approves Proposal to Open Trading for WLFI TokenAccording to ChainCatcher, the World Liberty Financial community has approved the proposal to open WLFI token trading with a support rate of 99.94%. The proposal was released on July 9, recommending that WLFI tokens be made available for trading. Voting began on July 10 and concluded on July 17. The proposal aims to transition WLFI from a closed ecosystem to an open one, allowing tokens to be traded via peer-to-peer and secondary markets, thereby expanding the community’s channels for participating in governance processes.