The top 100 DeFi tokens had a mixed week, with most of the tokens trading in a narrow range before surging on July 13 courtesy of Ripple’s partial win in its court battle with the SEC.
The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year.
Blockchain equities inflows reached a recent high of $15 million as well. However, total trading volume dropped.
Investors who have dollar-cost averaged into Bitcoin over time are profitable regardless of when they began implementing the strategy.
The weakness in the U.S. Dollar Index bodes well for Bitcoin and altcoins in the near term.
SOL, AVAX, FIL and EOS price are beginning to look attractive, especially if Bitcoin opens the week with a renewed attack on the $31,000 level.
The recent investment disclosure contrasts with his claims in May that he was not an investor in Bitcoin.
Bitcoin’s price has been showing weakness near the $30,000 level, but multiple data points highlight the fact that bears remain at a disadvantage.
ETH price still struggles to conquer the $2,000 level, but growth in LSDFi could prevent a sharper sell-off.
Bitcoin and select altcoins are finding buyers at lower levels, indicating a pick-up in positive sentiment.
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