In crypto news today (July 13), Bitcoin has fallen -1.5% overnight and begins this Monday trading session at around $62,900. Losing support at $63,000 is crucial; if it is not reclaimed within the next 24 hours, a further drop toward $60,000 looks likely.
Yesterday marked a second consecutive day of negative ETF flows for Bitcoin, following a three-day stretch that saw more than $500M in inflows. July 9 saw $95M in Bitcoin sold across various funds, with $63M of that from Fidelity’s FBTC ETF.
While the majority of tokens are down today and the total crypto market cap has dropped by -1%, Zcash (ZEC) and Monero (XMR) are two notable projects in the green, with both privacy-focused tokens up around +1%.
The Fear & Greed Index has made yet another push to exit ‘Extreme Fear’ territory, climbing to 28/100, which puts it in ‘Fear’. Whether this figure can hold amid the rising tension in the Middle East remains to be seen.
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