July

Crypto Derivative Trading Volume Rose for First Time in 4 Months as Market Rallied in July

Leverage, not the spot market, fueled a crypto market July rally that restored $240 billion in market capitalization. While leverage boosts returns, it exposes traders to forced liquidations by exchanges it they can’t meet margin shortages. Therefore, derivatives-led rallies like July’s often inject volatility into the market. That said, overall leverage still remains low compared …

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U.S. Inflation Slowed To 8.5% In July. Bitcoin Jumps – Bitcoin Magazine

U.S. CPI data for the month of July shows an 8.5% inflation rate from a YoY perspective. Market expectations suggested inflation would fall from 9.1% to 8.7% in July. Bitcoin claimed $24,000 following CPI data release. Consumer price index (CPI) inflation data shows a year-over-year (YoY) increase of 8.5% for the month of July as …

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The Ethereum Merge is Main Contributor to July Rebound: JPMorgan

After the completion of two testnets ahead of the event – now expected the week of Sept. 19 – that will take the Ethereum blockchain from a proof-of-work to a proof-of-stake consensus mechanism, ether jumped 70% in July, currently trading at about $1,780. As comparison, Bitcoin rose 27% in July, while Solana gained 38%. Source …

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Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July

Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility. The Alberta-based company generated 330 Bitcoin in July at an average production rate of 10.61 BTC per day, bringing its total reserves to 7,736 BTC. …

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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid. In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%. The firm …

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