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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.
- 12:12Everbright Securities: Stablecoins Will Drive the Rise of RMB Global Payment ActivityAccording to a report by Jinse Finance, Everbright Securities has released a research paper stating that the global retail cross-border payments market will reach $39.9 trillion in 2024. FXC Intelligence forecasts that this figure will rise to $64.5 trillion by 2032, with a compound annual growth rate of 6.2% from 2024 to 2032. In business areas such as RMB cross-border clearing and multi-currency settlement, third-party payment institutions have become deeply integrated into the full-chain payment service ecosystem, playing a vital role. It is expected that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversify application scenarios, thereby creating significant revenue growth opportunities for third-party payment companies. (Daily Economic News)
- 12:12Yonhap News: South Korean Finance Minister may hold tariff talks with the United States on July 31According to Jinse Finance, Yonhap News Agency reports that South Korea's Finance Minister may hold tariff negotiations with the United States on July 31.
- 12:12Michael Saylor Releases Bitcoin Tracker InformationAccording to Jinse Finance, Strategy founder Michael Saylor has once again shared information related to the Bitcoin Tracker, stating, "It all began with a quarter billion in bitcoin." Based on previous patterns, Strategy typically discloses information about increasing its Bitcoin holdings the day after such announcements are made.