Bitcoin fell below US$64,000, and gold tokens continued their rise; Strategy sold Bitcoin to buy back shares, Nvidia raised US$50 billion, and the market paid attention to the CPI and CLARITY Act.
Today's market sentiment is cautious, with Bitcoin fluctuating around $64,000 and failing to stabilize at $65,000. Gold coins benefited from safe-haven demand and continued to rise. On the macro front, U.S. CPI data will be released soon, and the market will focus on the path of the Federal Reserve's interest rates. At the same time, the CLARITY Act has been postponed to September, creating uncertainty for the crypto industry. Strategy’s reduction in Bitcoin holdings has attracted attention, but the company has increased its U.S. dollar reserves to attract traditional investors. Overall, the market is waiting for more catalysts and volatility may rise.
Bitcoin fell 1.43% to $64,070.75, Ethereum fell 1.93% to $1,877.30, and other mainstream currencies generally fell. Strategy's sale of Bitcoin to buy back shares shows an adjustment in its financial strategy, which may put short-term pressure on market sentiment. However, institutional capital inflows are still strong. Bitwise believes that Circle is undervalued and has huge growth potential in the stablecoin market. TRON network activity hits record high, showing strong demand for stablecoin. Market focus turns to CPI data, which may support risk assets if inflation is moderate.
Gold tokens XAUT and PAXG rose 1.88% and 1.54% to $4,389.96 and $4,396.87 respectively, continuing last week's gains. Geopolitical tensions and a weaker dollar supported gold prices. At the same time, the British FCA plans to regulate tokenized gold, which may increase market confidence. Oil prices rose on the situation in the Strait of Hormuz, but traders remained concerned about oversupply. Gold, as a safe-haven asset, performs strongly amid uncertainty.
This briefing is generated automatically from public sources for reference only and is not investment advice. Markets carry risk; make your own decisions.
