📈Daily Market Review📉

🔸Overview:
On July 25, the crypto saw significant volatility
BTC fell below $65K as Mt.Gox began distributing assets
ETH ETFs saw mixed fund flows on their 2nd trading day
The US stock market had its worst close in 2 years, affecting crypto sentiment. Regulatory developments are also shaping the landscape

🔸Bitcoin Market:
BTC dropped to $64,350
Mt.Gox began distributing BTC

🔸 Ethereum ETF:
ETFs saw mixed flows on their 2nd day
Grayscale's ETHE had a $326M outflow, while Bitwise and Fidelity saw inflows

🔸 Macroeconomic Data:
The US stock market had its worst close in 2 years, losing $1100B in a day

🔸 Daily Focus:
Mt.Gox Asset Distribution:
Bitstamp and Kraken are distributing assets to creditors, increasing market pressure

Ethereum ETF Performance:
Grayscale's ETHE saw significant outflows
ETH fell to $3190

🔸 Next Focus:
Regulatory:
Senator Lummis's planned legislation and potential MiCA compliance by Sygnum indicate rising regulatory focus on crypto

Full review: 👉HERE👈