Daily digital currency dynamics summary (2024-07-09)
1. The crypto market may have reached a potential local bottom, but be careful of the Fed's next news agenda.
2. JPMorgan Chase: The total market value of cryptocurrencies fell 8% in June, and stablecoins and mining companies performed well.
3. Analysts: The inverted term structure of Bitcoin volatility indicates an extremely bearish signal in the options market.
4. Futu Securities is approved to provide virtual asset trading services to Hong Kong investors.
5. The total sales of the NFT market fell 26.2% to US$46 million in June.
6. The US Republican Party supports a number of policies that are favorable to cryptocurrencies in its 2024 party platform.
7. The German government may have sold 12,366 bitcoins in the past 24 hours, worth more than US$700 million.
8. DX will launch a Bitcoin ETF on the Australian main board market.
9. The US House of Representatives may vote to overturn Biden's veto of SAB 121 on Tuesday or Wednesday this week.
10. Analysis: The correlation between Bitcoin and gold has become weaker and weaker in the past 30 days.
11. The Republican National Committee of the United States passed encryption and artificial intelligence policies in the draft platform.
12. Viewpoint: Cryptocurrency is expected to receive $6 trillion from inheritance, and young investors are actively deploying.
13. Analysis: The wider fluctuations in the crypto market during non-US trading hours may become the new normal.
