After the recent dump, Bitcoin has been creating higher highs and higher lows, as it looks poised to breach the $65k mark if 62k holds. This looks like the effect of the highest ETF inflows since early June as the institutional inflow stood at $130 million in a single day after more than $900 million worth of outflows were seen in June. July is also historically a bullish month for Bitcoin with a median return of 9%.<\/p>\n\n\n\n
Among altcoins, Solana is the notable performer alongside Telegram-backed Toncoin, with both coins gaining more than 3%. Solana\u2019s rise can be attributed to the recent ETF filing by VanEck. Also, pump.fun, a Solana protocol to create memecoins, generated $2 million in daily revenue, more than Ethereum\u2019s daily revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"
After the recent dump, Bitcoin has been creating higher highs and higher lows, as it looks poised to breach the $65k mark if 62k holds. This looks like the effect of the highest ETF inflows since early June as the institutional inflow stood at $130 million in a single day after more than $900 million […]<\/p>\n","protected":false},"author":93,"featured_media":40328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-40713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=40713"}],"version-history":[{"count":3,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40713\/revisions"}],"predecessor-version":[{"id":40717,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/40713\/revisions\/40717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40328"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=40713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=40713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=40713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}