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Buying for the trust has picked up on hopes the SEC might soon approve a spot bitcoin ETF.
The bank previously said it expected the cryptocurrency to reach $100,000 by then.
The latest price moves in crypto markets in context for July 10, 2023.
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
- 19:51The total on-chain holdings of Bitcoin ETFs in the United States have broken through 1.19 million BTCGolden Finance reports, according to Dune data, the total on-chain holdings of the US spot Bitcoin ETF have broken through 1.19 million BTC, currently touching about 1.196 million BTC, accounting for 6.04% of the current BTC supply. The value of on-chain holdings has reached approximately $122 billion USD.
- 19:50BTC breaks through $103,000, with an intraday increase of 0.67%The market shows that BTC has just broken through $103,000, currently quoted at $103,272.05 per unit, with an intraday increase of 0.67%.
- 19:36Powell: Inflation is closer to the target, but still a bit highOn January 30, the Chairman of the Federal Reserve, Powell, stated that current inflation is closer to the target but still slightly high. He also mentioned that the labor market is not a source of inflationary pressure.