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Bitcoin’s price slid below the $61,000 mark, despite equity indices hitting record highs.The S&P 500 reached an all-time high, increasing by 0.6% to 5,509.This comes as Federal Reserve Chair Jerome Powell stated that progress has been made on inflation.
Bitcoin’s price is falling toward $60K again but some altcoins are standing tall.
Shiba Inu’s burn rate exploded by 8,500%, but SHIB’s price remains in the red.
Exchange-traded fund experts remain hopeful that mid-July will see a spot Ethereum ETF launched, but that has not been reflected in the underlying asset’s price which has fallen back again.
Institutional Crypto Research Written by Experts
XRP is among the few leading cryptocurrencies in the green today (July 3).
- 16:01JPMorgan: Meme and AI-Related Tokens Outperform Overall Cryptocurrency Market on 'Animal Spirit' IndicatorThe spot bitcoin ETF attracted $1.3 billion in new investor funding in the first two days of the week, bringing its inflows for the entire month of October to $4.4 billion, making it the third-largest month of net inflows since the spot bitcoin ETF came to market in January, J.P. Morgan analyst Nikolaos Panigirtzoglou said in a report on Nov. 2 this week. Meme stocks and AI-related tokens also outperformed the overall cryptocurrency market in another measure of retail investors' “animal spirits”. The concept of “animal spirits” was coined by economist Keynes, who emphasized the impact of investor sentiment and psychological factors on the market, arguing that the stock market is driven by investor confidence and expectations. When investor confidence increases, the stock market usually performs better; when investor sentiment is low, the stock market may fall.
- 16:00Musk: If done right, X will be half of the global financial systemElon Musk said in an interview that if done correctly, X will be half of the global financial system, Watcher.Guru revealed.
- 15:59A whale unpledged 143,730 SOLs two days ago, then sold some of them on Jupiter and Wintermute OTCAccording to Onchain Lens, after eight months of pledging, a whale unpledged 143,730 SOLs two days ago, then sold 82,930 SOLs on Jupiter for 13.72 million USDC, and sold 30,000 SOLs for $4.9 million through the Wintermute OTC at an average price of $165 USD. The whale still holds 30,801 SOLs valued at $5.03 million.
