Crypto News Today: Bitcoin's Challenge to Surge Past $65K

Crypto market cap declined by 1.50%, reaching $2.48 trillion

• BlackRock, Franklin, Bitwise, Invesco, Grayscale, and Fidelity revise S-1 filings for Ethereum ETFs, disclosing fees ahead of planned July 23 launch.

• Fed Gov Christopher Waller's hint at a September rate cut has boosted market optimism, fueling speculation of a Bitcoin rally to new all-time highs.

Major Events To Watch

Crypto Fear and Greed Index:

Fear and Greed Index shows market sentiment at 61 (Greed), down from 69 yesterday, but up from 25 last week.

Cryptocurrency prices have declined over the past day

TOP 5 Losers Coins

Latest Market Update: 

• Bitcoin (BTC), the oldest and most valued cryptocurrency, dipped below $65,000 early Thursday, indicating a slump after a solid few days.

• Popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) landed in the reds across the board.

• Lido DAO (LDO) token emerged as the biggest gainer, with a 24-hour jump of over 6 percent.

• Mog Coin (MOG) has emerged as the top loser, experiencing a 7% decline over the past 24 hours.

• The total crypto market volume over the last 24 hours is $76.35B, a 22.00% decrease.

• The total volume in DeFi is currently $4.66B, accounting for 6.11% of the total crypto market 24-hour volume.

• The volume of all stablecoins is now $70.55B, making up 92.39% of the total crypto market 24-hour volume.

• Bitcoin’s dominance is currently at 53.91%, a decrease of 0.08% over the day.

Major Worldwide News Update:

• BlackRock, Franklin, Bitwise, Invesco, Grayscale, and Fidelity have submitted updated S-1 filings for their Spot Ethereum ETFs, signaling imminent SEC approval. Fees range from 0.19% to 2.5%, with certain waivers applied. The anticipated launch date is July 23, pending SEC approval of their 19b-4 applications. Additionally, Grayscale's Mini Trust will transition ETHE shares.

• Ethereum co-founder Vitalik Buterin cautions against aligning political support solely with a politician's stance on crypto. He warns that prioritizing crypto-friendliness over broader techno-libertarian ideals risks undermining the core values of decentralization and personal freedom that originally inspired the cryptocurrency movement.

• Users on the Mt. Gox creditor subreddit, 'r/mtgoxinsolvency,' reported multiple unauthorized login attempts on their accounts, sparking concerns of a cyberattack. Some speculate it could be a brute-force attack, while others suggest it might be a website glitch. Mt. Gox's website subsequently entered maintenance mode amid the incidents.
  

• Federal Reserve Governor Christopher Waller's remarks on potential rate cuts have boosted market optimism, increasing expectations for a September cut. This coincides with a bullish outlook for Bitcoin, driven by favorable market conditions and anticipated policy changes following Waller's comments.

• Mark Cuban believes Trump's potential influence on crypto policies, coupled with global uncertainties, could favor Bitcoin. Cuban sees Bitcoin as a potential global safe haven due to its limited supply and geopolitical tensions, contrasting it with the fluctuating role of the US dollar in global reserves.

• 21Shares sets fees for its 21Shares Core Ethereum ETF (CETH) at 0.21% and plans to waive them for up to six months or until $500 million in assets are onboarded post-listing. With SEC tentatively approving spot ETH ETFs starting July 23, competition among issuers intensifies, mirroring earlier fee wars in BTC ETFs.

COIN GABBAR Views: Are crypto stocks rising amidst Bitcoin's soaring price? Is there massive volatility around Bitcoin's $64K mark, and what lies ahead? Can Bitcoin bulls overcome the $66K challenge to sustain the bull run? Is the $70K milestone achievable with Bitcoin's current rise? Are Bitcoin bears finding themselves trapped, and what implications does this hold for future price trends? To get latest news Stay tuned us at coingabbar

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