Cryptocurrencies moved higher after July CPI matched expectations, easing inflation concerns. Bitcoin rose 0.6% to $64,051, Ethereum gained 1.5% to $1,909, Solana added 0.8%, and XRP rose 0.2%. While CPI provided support, analysts say the bigger driver remains institutional money flowing into crypto ETFs, alongside growing adoption of blockchain-based…
BSC MarketCap: 17.7M (Auto match could be wrong, automatic matching may be inaccurate) [Translated]
The stablecoin market shrank 2.4% ($7.7 billion) to $312 billion in June, marking its biggest monthly decline since the 2022 TerraUSD collapse. The drop came alongside an 18% fall in Bitcoin and several stablecoin depegs. Bitcoin, Ethereum and XRP were all lower in today's trading.
Bitcoin ETFs ended June with $222.6 million in net outflows, marking more than two straight weeks of investor withdrawals, according to Coinglass. Ether ETFs also continued to see outflows, while Solana and XRP ETF flows remained mixed. Despite the withdrawals, major cryptocurrencies traded modestly higher.
Bitcoin fell below $60,000 after nearly $500 million flowed out of spot Bitcoin ETFs on Wednesday. Crypto markets also saw $660 million in liquidations, with long positions taking the biggest hit. Ethereum and XRP also declined as selling pressure intensified.
Bitcoin ETFs saw $91.4M in net outflows on Monday, a slowdown from recent $300M–$500M daily withdrawals but still extending the negative trend, according to CoinGlass. Bitcoin fell 1.9% to $62,257, with broader crypto markets also weaker as Ethereum, XRP, and Solana declined. The pullback comes amid ongoing volatility and continued pressure on digital assets…