Bitcoin price is soaring today almost 4% despite weaker sentiments on Wall Street and US-dollar rising almost 0.15% with 5 basic points higher 10-year US treasury yields, now at 4.23%.
- Today, Bitcoin is showing its resilience as 'uncorrelated asset', which according to BlackRock CEO, Fink can increase demand for it due to multiple diversification strategies. What's more, some sources signal that the decentralized Bitcoin monetary system may be a hedge in case of a global IT outage event, such as today 'little crisis' caused by CrowdStrike's Falcon update to Windows hosts.
- As for now, futures on Nasdaq 100 (US100) loses 1%, due to sell-off in semiconductor companies, which are losing short-term growth momentum. During the last session, US Bitcoin ETFs attracted $422 millions of dollars, as the market is awaiting Ethereum spot ETF debut on 23 July. Ethereum gains almost 2% to $3500 and is much weaker than Bitcoin today, which signals that demand is still focusing on the largest cryptocurrency, escaping the recent correction.
Bitcoin (interval D1)
Source: xStation5
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Source: xStation5
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