Bitcoin’s Quick Turnaround After a Record‑Breaking High
Bitcoin shot to a brand‑new all‑time peak—over $123,000—but then pulled back in a pitcher‑ing sprint. Investors jumped on the “secure your gains” bandwagon ahead of the big U.S. economic data drop‑dow.
What’s Been Pumping the Price?
- Regulatory clarity on the horizon less “who’s in charge” panic.
- Institutional demand swelling banks, hedge funds, even that fintech startup you hate are stepping in.
- This month’s Spot BTC ETFs raked in $3.4 B in inflows during the first half of July.
Congress Goes “Crypto‑Style” for the Week
Washington is now buzzing with “Crypto Week.” Lawmakers are debating a trio of digital asset bills aimed at clarifying stablecoin issuance and token classification. The move is a high‑lighter for confidence across the whole crypto market.
All Eyes on U.S. Inflation
The crowd’s now waiting for the inflation numbers. A higher print could pause the appetite for riskier assets—looking at you, crypto—by hinting at tighter monetary conditions. Conversely, a softer reading coupled with legislative progress could send the market back on a swing, giving Bitcoin a fresh lift.
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