Market Wrap: Bitcoin Drops as Traders Await June CPI Inflation Report
Analysts described the muted activity in spot, derivative and on-chain metrics as "calm before the storm."
THE Updated Crypto News
Analysts described the muted activity in spot, derivative and on-chain metrics as "calm before the storm."
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
Ether is attempting to break above the 50-day moving average for the first time since March.
The digital-asset manager sold some existing constituents of the fund and used the proceeds to purchase ADA.
EFI is the native token of Efinity, a Polkadot-based parachain with a focus on non-fungible tokens.
The stablecoin with a market cap of $25 billion is currently on four networks.
Nivaura is also launching the open-source GLML Foundation to help create automated tokenized securities.
DOT was one of the day's biggest winners.
Bitcoin’s near 50% decline from all-time highs surprised analysts as China’s crackdown fueled bearish sentiment.
More than 15,000 network stakeholders locked up KSM in favor of Karura being added.