Today's Crypto News
1）U.S. spot Bitcoin ETFs recorded net inflows of about $626 million for three consecutive trading days, with IBIT contributing approximately $479 million. Liquidity has rebounded, but BTC is still trading sideways around $64,000, suggesting that institutional buying has not yet turned into a trend breakout.
2）In the U.S., the CLARITY Crypto Market Structure Bill is in its final window before the Senate recess. Committee on Banking Chair Scott is pushing for a vote to be initiated this week, but the agenda and the 60-vote threshold issue have not been resolved yet; policy expectations remain a source of short-term volatility.
3）The U.S. July ISM Services PMI rose to 54.1, but the employment component fell to 47.4 and the prices index rose to 70.3. Growth and inflationary pressures coexist, and the market is waiting for the jobs report to determine the direction of interest rates.
Conclusion: Capital flows and policy expectations are somewhat bullish, while macro conditions still suppress risk appetite. Until BTC effectively holds above $67,300, treat it as event-driven and range-bound—avoid chasing gains before data releases.
#BTC #ETH #CryptoNews #BinanceSquare
1）U.S. spot Bitcoin ETFs recorded net inflows of about $626 million for three consecutive trading days, with IBIT contributing approximately $479 million. Liquidity has rebounded, but BTC is still trading sideways around $64,000, suggesting that institutional buying has not yet turned into a trend breakout.
2）In the U.S., the CLARITY Crypto Market Structure Bill is in its final window before the Senate recess. Committee on Banking Chair Scott is pushing for a vote to be initiated this week, but the agenda and the 60-vote threshold issue have not been resolved yet; policy expectations remain a source of short-term volatility.
3）The U.S. July ISM Services PMI rose to 54.1, but the employment component fell to 47.4 and the prices index rose to 70.3. Growth and inflationary pressures coexist, and the market is waiting for the jobs report to determine the direction of interest rates.
Conclusion: Capital flows and policy expectations are somewhat bullish, while macro conditions still suppress risk appetite. Until BTC effectively holds above $67,300, treat it as event-driven and range-bound—avoid chasing gains before data releases.
#BTC #ETH #CryptoNews #BinanceSquare