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Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
PLUS: The first half of 2023 has so far been very promising for the crypto majors.
PLUS: Dismissing the very real prevalence of Ponzi schemes in GameFi isn't a good look for Web 3.
The largest cryptocurrency by market cap tends to rally in the month of July, the report said.
The latest price moves in crypto markets in context for July 5, 2023.
Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.
The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.
- 13:11Aethir announces the third round of projects supported by its 100 million dollar ecological fund, this round focuses on games and AI agency projectsDecember 18 news, the co-founder of Aethir, a decentralized cloud infrastructure provider, Mark announced its $100 million ecological fund's third round (Batch 3) support projects. This round focuses on the combination of gaming and AI agents, dedicated to truly changing the way users experience games, involving development, deployment, experience and other aspects. Supported projects include: iAgent, Patchwork Naval, MyShell, TODAY, Scrypted.
- 13:08BlackRock: Suggests using gold and Bitcoin as supplements to bond investmentsIn a report, BlackRock stated that government bonds are no longer a reliable buffer against the sale of risky assets such as stocks. Investors should consider using gold and Bitcoin as supplements to bond investments. Various economies are undergoing a transformation that may continue to change long-term economic trends. In the case of escalating inflation, bonds may not be able to withstand stock market sell-offs. Bonds no longer reliably diversify portfolio risk across a wide range of potential outcomes and scenarios. This requires us to reconsider diversification. Therefore, investors should consider new diversified investment tools such as gold and Bitcoin, although they will not replace bonds.
- 13:06BTC breaks through 104,600 US dollarsThe market shows that BTC has broken through $104,600 and is now reported at $104,801. The 24-hour decline has narrowed to 2%. The market fluctuates greatly, please manage your risk well.
