12 Jul: CPI - Volatility Incoming!

By theinspired | Inspiration | 12 Jul 2023


"We have, I fear, confused power with greatness."
 –Stewart Udall

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Guess what day it is Folks? HUMPDAY! Yesterday, no particular news story was covered by multiple publications so it continues to be quiet on the trending news front; the price of Bitcoin is currently at $30,718.91. The fear and greed index spiked to 64 and the best performing asset for the past 24 hours is $ETH up 1.07%; in position #2. Let's dive into the rest of the news...

BREAKING: DOJ gets Silk Road coins worth $305M stuck in Bitcoin mempool.

Crypto Investment Products See Massive Institutional Inflows as $BTC, $ETH, and $XRP Products Lead.

Crypto Traders Prepare for Bitcoin Volatility as Focus Shifts to U.S. CPI. Bitcoin seeing ‘strong demand’ as crypto market eyes ‘recovery phase.’ Bitcoin Liquidations Drop to Lowest Since April, Indicating Waning Interest Among Futures Traders. Coinbase Key Metrics Show Bullish Outlook Among Traders With Short-Term Caution. Bitcoin’s pre-halving rally may start soon.

Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements. Grayscale and Fir Tree agree to resolve lawsuit over bitcoin trust.

Analysis: Bitcoin Has Formed a 'Firm Foundation' Under $30000: Glassnode. Bitcoin trader eyes BTC price 'Darth Maul candle' as CPI due 2-year low. Tether (USDT) and USDC Hinting at Possible Next Move for Crypto Markets, According to Analytics Firm Santiment.

Opinion: BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst Eric Balchunas. Grayscale CEO Michael Sonnenshein: BlackRock ETF filing a ‘moment of validation’ for Bitcoin. Fidelity's Timmer Shares Bearish Warning About Bitcoin. MicroStrategy Only Needs to Liquidate Bitcoin in Extreme Price Corrections: Bernstein. Hedge Fund Manager James Lavish on Why Bitcoin Makes a Much Better Global Reserve Currency Than Gold.

Question: Bitcoin’s Perfect Storm: BlackRock ETF, Halving, and Coins Leaving Exchanges – Are We on the Verge of Bitcoin’s Biggest Surge? Gold surged 350% after first ETF approval; Could Bitcoin do the same?

Prediction/Forecast: Tim Draper still thinks bitcoin is heading to $250,000. Bitcoin April 2024 Forecast Raised to $56.6K: Berenberg.

Ether Staking Ratio Nears Key Milestone as Inflows Slow Amid Regulatory Pressures. Cardano network activity and ADA’s oversold price action hint at a powerful breakout.

Russian Duma greenlights digital ruble. Bank of China trials offline payments for digital yuan via SIM cards. Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report.

Coinbase Wallet launches instant messaging feature with XMTP.  Former FTX exec probed over possible campaign finance violations: WSJ. FTX claims portal goes live, allowing creditors to submit their claims.

Question: Is Binance Too Big to Fail?

Senators Lummis and Gillibrand to Unveil Updated Bill Classifying Crypto Assets as Commodities. US Senate Finance Committee asks digital asset community how to tax it in open letter. US Lawmakers Accuse Founders of Digital Asset Firm of Working With Chinese Communist Party. EU Securities Agency Issues First Batch of Detailed Crypto Rules Under MiCA Law.

Celsius Sues StakeHound for Failing to Return $150M Worth of Tokens.

Multichain Executor has been ‘draining’ AnySwap tokens: Report. Another $103M Disappears From Multichain in Potential ‘Rug Pull.’ New York prosecutor charges hacker over $9M exploit of Solana-based exchange. Crypto Criminals Stealing Much Less Money in 2023: Chainalysis Report.

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Podcast of the Day: Expert's Take: Is a Bitcoin ETF Really Possible? with James Seyffart | Bankless

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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