📌 Daily Summary
● LIVE TRACKINGBitcoin's recent price action raises questions about whether it has reached a bottom, with a report from Coinbase suggesting a potential turning point before a rise. However, market analytics firm Santiment cautions that while Bitcoin appears stable, the fear of missing out (FOMO) is peaking in two significant altcoins, indicating that price corrections may be imminent. The release of critical U.S. inflation data triggered an initial adverse reaction in Bitcoin, reflecting ongoing market sensitivity to macroeconomic indicators. Meanwhile, Binance has updated its reserves, detailing holdings of Bitcoin, Ethereum, and various altcoins, reinforcing market transparency. Additionally, a significant transaction involving the U.S. government's transfer of Bitcoin and Ethereum to Coinbase has drawn attention, along with revelations regarding former President Donald Trump's allocations from cryptocurrency income.
13:56
Coinbase, noting Bitcoin's resilient performance, suggested that BTC may have entered a bottoming phase.
12:57
Santiment noted that XRP and Ethereum recorded their highest FOMO levels in the last five weeks. Bitcoin is progressing in a more balanced and neutral manner.
12:32
US June CPI data has been released. Did it meet expectations? How did Bitcoin (BTC) and the dollar react? Details in the news.
11:54
Cryptocurrency exchange Binance has released its 44th Proof of Reserves report for July. How much Bitcoin, Ethereum, XRP, and altcoins does it hold?
10:51
The US government, which holds a significant amount of Bitcoin, has transferred assets to Coinbase, according to on-chain data.
