The Hash Ribbons indicator signaled the end of capitulation among Bitcoin miners, indicating a decrease in selling pressure from their side on the market. This was stated by CryptoQuant.
Despite fluctuations in the price of the first cryptocurrency, major players continue to show steady interest in this asset. This was stated by Andre Dragos, Head of Research at Bitwise in Europe, in an interview with The Block.
Michael Terpin, the founder of Transform Ventures, believes that the leading cryptocurrency will surpass this level if Donald Trump wins the U.S. presidential election, according to CoinDesk.
The Fed should lower interest rates, preferably at the meeting on July 31, former New York Fed President William Dudley said in an interview with Bloomberg.
From July 13 to 19, inflows into cryptocurrency investment products amounted to $1.35 billion, slightly lower than the previous week's $1.44 billion. According to CoinShares, the total volume since the beginning of July has reached $3.24 billion.