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The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
Unlocks are staggered releases of cryptocurrencies that had been frozen to prevent early investors or project team members from selling in large numbers.
Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
The latest price moves in crypto markets in context for July 20, 2023.
The share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in the first six months of the year, data tracked by Kaiko show.
- 17:33Spot gold moves up to hit $2,650 an ounce, a new high since 11 NovemberSpot gold hit $2,650 an ounce upwards, a new high since November 11, up 0.68% on the day.
- 17:32Tesla's Chairman Sells $35 Million in Shares, Cashing Out Just as Shares SoarTesla chairman Robyn Denholm sold shares for more than $35 million in November, coinciding with the stock's surge following the US election. Denholm executed 112,390 stock options that will expire next year and sold the shares on 15 November, regulatory filings show. She prearranged the trades in July through a trading programme that U.S. corporate insiders can use to sell their shares. Denholm netted about $32.5 million from the sales, taking into account the cost of exercising the options.
- 17:31Fed Governor Cook: Headline data suggests inflation pullback is continuing and labour market is gradually cooling downFederal Reserve governor Cook said the overall data show that the fall in inflation is still continuing, and the labour market is gradually cooling. If the progress of the inflation fallback slows down, while the job market remains solid, there may be a pause in the case of interest rate hikes. The overall job market remains solid; the recent lack of growth is the result of temporary strikes and the impact of storms.
