The whales look at BTC again with greedy eyes. This is evidenced by a new influx of capital to BTC American ETF funds. What’s more, 54 companies have recently bought a total of 8400. What else has happened on July 8 on the cryptocurrency market?
How is the course of the most important cryptocurrency behavior? 📈
On the cryptocurrency market quite stable. During the last day, BTC has fallen by a symbolic 0.1% and dug up to USD 108 359. Importantly, the course from June 22 has not dropped below the psychological barrier of $ 100,000 – this is important in the context of interest in it by whales. ETH, in turn, grows by 0.9% reaching a ceiling of USD 2563. Larger decreases are visible on XPR, which loses 2.3% in the last 24 hours.
Course of the most popular cryptocurrencies – percentage change 👀
News that heat the bitcoin.pl website ²
Whales and institutions interested in Bitcoin again!
The influx of capital to American ETF funds and the purchase of over 8400 BTC by 54 companies indicates the return of institutional interest in Bitcoin. The whales started. This type of activity can signal market stabilization and potential further increases. The current price of BTC (~ 108,400 USD) and its market dominance (63.1%) confirm its conducting role. However, increases can be slowed down by macroeconomic factors, such as US-China commercial tensions. In Poland, where almost 1 in 5 adults invest in cryptocurrencies, it can stimulate another wave of activity. The institutions give a signal – Bitcoin returns to the game with strong support.
Increase in the CDD indicator for Bitcoin – a potential market signal
The Coin Days Destroyed (CDD) indicator is growing, which suggests stirring among long -term Bitcoin Hodlers. This can mean either sales or portfolio restructuring, which usually announces increased variability. At the same time, the BTC volume has fallen to the lowest level since 2023, which may indicate a summer market stagnation. For technical investors, it is a potential moment of accumulation or caution against high price movement. In Poland, more and more investors are following this type of data, looking for an information advantage. This is a good time to look at the charts with more attention.
Increase in the adoption of stablecoin in cross -border payments
Stablecoin, such as USDT and USDC, gain importance as cheaper, faster alternatives to swift transfers. Their role in international transactions is growing, especially in countries with unstable currencies, but in fintech environments. Partnerships between cryptocurrency companies and payment suppliers allow immediate cross -border settlements. In Poland, this may particularly interest entrepreneurs and freelancers operating globally. Increased fluidity and usability of the Stablecoin support their long -term adoption. At the same time, pressure on the traditional financial sector can force acceleration of innovation and regulation.
BBVA opens access to BTC and ETH for retail customers
The Spanish BBVA Bank enabled retail clients to trade Bitcoin and Ethereum, which is an important step towards the integration of cryptocurrencies with the traditional financial sector. This movement confirms the growing acceptance of crypto as a full -fledged asset class. Such a decision may encourage other banks – also in Poland – to similar activities. For the market, this means greater liquidity and trust, especially among new investors. Globally, it is a contrast to countries such as China, where crypto trade is still forbidden. In Poland, regulations may be a barrier, but the trend of integration is becoming more and more visible.
