Bitcoin Stumbles, But US Spot ETFs See Big Inflows

Bitcoin Stumbles, But US Spot ETFs See Big Inflows

Cryptocurrency markets are showing signs of extreme fear, with the Fear and Greed Index hitting its lowest point since January. Bitcoin itself is stuck below $60,000, leaving many investors hesitant.

But here's a surprising twist: US spot Bitcoin ETFs are experiencing a surge in popularity.

Despite the overall bearish sentiment, these ETFs have attracted over $1 billion in net inflows over the past week! On Friday alone, they saw a whopping $310 million – the highest daily inflow in 5 weeks.

So, what's going on? While the broader market shivers, some investors might be seeing this as a buying opportunity through ETFs, a potentially more regulated and accessible way to gain exposure to Bitcoin.

Will this trend continue? Only time will tell, but one thing's for sure – the cryptocurrency market remains a land of contrasting signals.

Forget Play-to-Earn, Tap-to-Earn is Here to Stay

Remember Play-to-Earn? Yeah, it fizzled out. Turns out, gamers weren't all that interested in crypto complexities.

The new hotness? Tap-to-Earn. This approach focuses on what crypto enthusiasts crave: easy ways to earn crypto fast.

Instead of elaborate games, Tap-to-Earn offers simple interactions like, well, tapping! This leverages existing social platforms like Telegram, where users are already comfortable spending time.

But Tap-to-Earn isn't just for games. Take Blum, a crypto exchange created by ex-Binance execs. They launched with a simple "clicker" to attract users before unveiling their full product. It worked - they amassed 30 million users!

This shows Tap-to-Earn is more than just a fad. It's a gateway to the crypto world and a potentially lucrative revenue stream. So, keep an eye out for those tappable rewards – they might just be your crypto ticket to ride.

Bitcoin Soars on Assassination Attempt News, Can It Hold Above $60k?

Bitcoin prices experienced a surge on July 14th, driven by volatility following news of an assassination attempt on former US presidential candidate Donald Trump. Data from Cointelegraph Markets Pro and TradingView showed a jump in the crypto market as the news broke.

Bitcoin reached local highs of $60,423 on Bitstamp, its strongest performance since July 4th. This weekend rally surprised many, with all eyes on the weekly close and the opening of traditional markets to see if the momentum can be sustained.

Popular trader Crypto Tony expressed optimism on Twitter, stating a reclaim of $60,500 would be a "real sign of strength" for the bulls. Analyst Rekt Capital echoed this sentiment, highlighting the importance of the $60,600 level in maintaining Bitcoin's post-halving "reaccumulation range." He noted that Bitcoin is "less than -1.5% away" from reclaiming this crucial support zone.

Will the bulls be able to push Bitcoin above $60,000, or will this weekend surge be short-lived? Only time will tell, but one thing's for sure – the attempted assassination has injected a dose of volatility into the crypto market.

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