📌 Daily Summary
● LIVE TRACKINGThe cryptocurrency market is experiencing significant momentum with the launch of a new altcoin project backed by 140 major companies, including Visa and BlackRock, potentially reshaping investor interest. On-chain data from CryptoQuant indicates a critical juncture for Bitcoin, suggesting a true bottom may be forming, which could signal the onset of a new bullish phase. Analysts forecast a pivotal moment ahead, driven by substantial options activity, with a $10.5 billion surge in Bitcoin and Ethereum options, reflecting heightened investor expectations. Additionally, it has been reported that 92.7% of institutional Bitcoin reserves are held by U.S.-based companies, underscoring the concentrated influence of American firms in the market. As these developments unfold, the anticipation for a renewed bullish cycle intensifies among market participants.
13:33
OUSD, a stablecoin backed by a consortium including Visa, Mastercard, and BlackRock, will be launched on Ethereum.
12:35
CryptoQuant stated that there is no strong surrender sell signal yet in Bitcoin and that it has not entered a full surrender phase.
11:31
Alphractal founder Joao Wedson has once again raised the issue of the link between Bitcoin (BTC) price movements and the US election calendar.
10:43
On July 31, approximately $9.7 billion worth of Bitcoin (BTC) and Ethereum (ETH) options will expire on the Deribit derivatives exchange.
09:26
According to the latest data, the total amount of Bitcoin held by publicly traded companies in the US has reached 1.24 million BTC.
