Daily summary: Bitcoin extends panic sell-off as US market remains closed 📌

Thursday's session on international stock exchanges was characterized by slightly lower volatility due to the ongoing US holiday.

Despite this, however, European indices ended the cash session higher. Germany's DAX gained 0.43%, France's CAC40 is up 0.83% and our domestic WIG20 adds nearly 0.22%.

Overall, the tone of the ECB minutes seems to be slightly more hawkish. Bankers communicated that there was a case for keeping interest rates unchanged at the current meeting, so in the medium term it will be key to be confident about the disinflationary trend in the economy. 

Switzerland's June inflation reading came in lower than forecast. Despite this, the USDCHF pair is recording declines today. 

The dollar is clearly the weakest currency among the G10 currencies today. The dollar index (USDIDX) is losing 0.23% and the EURUSD is gaining 0.27%. The sell-off on the dollar is a result of yesterday's much weaker ISM report data for June.

On the other hand, the Australian dollar and the Japanese yen are doing relatively well today. 

In the commodity market, we are seeing close to 2.6% declines in natural gas. The commodity broke out below the 100-day exponential moving average today. Crude oil is gaining 0.6% at the same time. 

Bitcoin dips more than 3.5%, with its price falling to a peak of US$56,700. We can see similar sized declines in the altcoin sector. Ethereum, on the other hand, is trading down almost 5.00% to a level of around USD 3120.