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Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
One token zoomed 1,200% even though its related project closed in May, data shows.
Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.
The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
- 08:48Cycle Network Unveils Comprehensive CYC Tokenomics with a Total Supply of 1 Billion TokensAccording to ChainCatcher, Cycle Network has officially announced the complete economic model of CYC and its recent development plans. The total supply of CYC is set at 1 billion tokens, with no inflation. Tokens allocated to the team and investors will be released linearly after a one-year lock-up period, aiming to ensure long-term growth. At the same time, Cycle stated that it will actively promote RWA projects to enable cross-chain asset issuance and on-chain yield synergy, helping Web2 enterprises seamlessly integrate into the multi-chain ecosystem and facilitating the secure and efficient circulation of assets.
- 08:33CoinShares: Digital Asset Investment Products Saw $3.7 Billion Net Inflows Last WeekAccording to a report by Jinse Finance, a certain exchange's latest weekly report shows that digital asset investment products saw inflows of $3.7 billion last week, marking the second-highest single-week inflow on record. Notably, the single-day inflow on July 10 ranked as the third highest in history. This also marks the 13th consecutive week of inflows, with cumulative inflows reaching $21.8 billion and year-to-date (YTD) inflows totaling $22.7 billion. Assets under management (AuM) surpassed the $200 billion mark for the first time, reaching a new high of $211 billion. ETP trading volume hit $29 billion, double the weekly average for this year. Bitcoin saw weekly inflows of $2.7 billion, bringing its total assets under management to $179.5 billion. This is the first time it has reached 54% of the total assets under management of gold ETPs. Short Bitcoin ETP trading activity remained extremely low. Ethereum recorded inflows for the 12th consecutive week, totaling $990 million, the fourth highest on record. Comparatively, over the past 12 weeks, Ethereum's inflows accounted for 19.5% of its assets under management, while Bitcoin's stood at 9.8%. XRP saw the highest weekly outflows, totaling $104 million, while Solana recorded strong inflows of $92.6 million.
- 08:26Satoshi Nakamoto's Wealth Set to Enter the Global Top Ten Rich ListAccording to Jinse Finance, as Bitcoin surpassed $122,000 this Monday, the estimated value of the approximately 1.1 million BTC held by Satoshi Nakamoto has exceeded $134 billion (based on publicly available blockchain data). This places Satoshi Nakamoto close to the top ten on the global rich list, surpassing Dell CEO Michael Dell and Walmart heir Rob Walton, and drawing ever closer to former Microsoft CEO Steve Ballmer and legendary investor Warren Buffett. According to Forbes' real-time billionaire rankings, Satoshi's wealth is now approaching that of Google co-founder Sergey Brin, whose net worth is around $142 billion, currently ranking tenth on the global rich list.