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
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUSDIDX (futures on US-dollar index) vs Bitcoin
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
