SEC Reviews Bitcoin ETF Applications, Geist Finance Closes After Multichain Exploit

Jul 18, 2023

Equities markets open marginally higher after inflation data last week showed a slowdown in price increases, fueling hopes that the Fed can achieve price stability without triggering a recession. ^SPX 0.77%  and QQQ 0.60%  are up 0.2% and 0.4%, respectively, with earnings season to roll through further this week. Despite last week’s encouraging developments on the court’s ruling against Ripple, the digital asset market has retraced most of its gains since Wednesday. BTC has since retraced back to $30k and is flat on the day, while ETH fell back below $2k to $1.91k and is down 0.5% in the same period. Apart from XRP, $1INCH has gained the most within the top 100, appreciating by ~46%. This price action can be partially attributed to the surge in volume from South Korean exchange Upbit, which has also done the same for Bitcoin Cash and Aptos in recent weeks..

Reports you may have missed

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.45% falling to $60k and ETH 0.40% approaching the low $2,300s. Aptos (APT 0.58% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 2.43% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.45% climbing back above $61,000 and SOL -2.76% moving above $145, while ETH 0.40% is lagging, trading around $2,400. Among today's outperformers is SUI 1.91% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

Stay up to date with the latest articles and business updates. Subscribe to our newsletter

Articles Read 1/2

Enjoyed the read? Subscribe now for unlimited access!

Get invaluable analysis of the market and stocks. Cancel at any time.

Already have an account? Sign In