
Bitcoin Closes July at $64,131 After the Smallest ETF Month on Record
Bitcoin ended July at $64,131.17 after printing the cycle low at $57,735 on the first of the month, with ether outperforming and ETF flows barely positive.
Altcoins, ETH & general crypto

Bitcoin ended July at $64,131.17 after printing the cycle low at $57,735 on the first of the month, with ether outperforming and ETF flows barely positive.

Coinbase posted $1.22 billion of second-quarter revenue against a $1.29 billion estimate, while claiming a record 10.3% of global crypto trading volume.

Strategy booked an $8.2 billion second-quarter loss on an unrealized markdown of its 843,775 BTC, now carried about $9 billion below what the company paid for it.

The Federal Reserve left its policy rate at 3.50%โ3.75% for a fifth straight meeting on July 29, and crypto barely moved: bitcoin held just under $64,000.

Morgan Stanley's MSSE and MSOL began trading Tuesday at 0.14%, the cheapest fee in each category, with staking rewards accruing to the funds themselves.

Stablecoin supply sat near $300 billion in late July, about 3% below its May peak and the market's first contraction since the Terra collapse of 2022.

EUL rose roughly 69% to 74% after Upbit opened a Korean won market on Sunday, on more than $200 million of volume. One count put the move at 91%.

BitMEX said on July 23 it would close after 11 years; BitMart followed on July 26 after nine. Both set withdrawal deadlines, and BMX fell 58%.

Bitcoin held a $63,700 to $65,406 band as the day's digests disagreed on the print, and 97.2% of its liquidations fell on longs.

Bitcoin settled at $64,062 with prices barely moving, but DOGE futures open interest neared 16B tokens and ether's hit 14.53M ETH โ the most since June 7.

Bitcoin held $65,674 inside a week-long $64,000โ$66,800 range, futures open interest fell to 743K BTC, and WLFI led the movers with a 12.18% gain.

Mirae Asset Consulting holds 97.15% of Korbit, the first time an affiliate of a traditional Korean financial group has controlled a domestic crypto exchange.