Bitcoin ETF · European Union · Bitcoin · Coinbase · U.S. · 99Bitcoins
Crypto News Today (July 8): BTC Drops Back to $62K, Coinbase Premium Hits Record Lows, and the EU is Eyeing Even Tighter
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In crypto news today (July 8), Bitcoin has experienced a slight retracement, still sitting comfortably above $60,000, but down -1.1% over the past 24-hours and trading for around $62,600.
Key facts
- In crypto news today (July 8), Bitcoin has experienced a slight retracement, still sitting comfortably above $60,000, but down -1.1% over the past 24-hours and trading for around $62,600
- The Fear & Greed Index briefly exited ‘Extreme Fear’ yesterday, climbing to 27/100; however, this slight drop across markets has led to a return to 20/100
- Thorn added that total assets held by US spot Bitcoin ETFs have fallen to about $74.4Bn, down from more than $150Bn at their peak
- According to Galaxy Digital Head of Research Alex Thorn, net outflows from those funds have reached approximately $6 billion since the beginning of the year
Summary
Crypto News Today: Coinbase Bitcoin Premium Records Longest Negative Streak at 50 Days. EU Parliament Looking to Tighten Crypto Regulation Even Further Following MiCA Launch. Yesterday saw a second consecutive day of positive ETF flows for Bitcoin, a metric that is helping the market in its recent rally. While most tokens experienced a slight retracement overnight, Zcash (ZEC) and Monero (XMR) are two of the more notable projects in the green today, with privacy-focused projects defying the odds, up +5.5% and +2%, respectively.