Today’s markets analysis on behalf of Konstantinos Chrysikos Head of Customer Relationship Management at Kudotrade
Bitcoin in consolidation phase, market cautious ahead of trade deadline and Fed comments
Bitcoin edged higher on Tuesday but remained in a consolidation phase after hitting a new high last week. The market could continue to benefit from a supportive environment. The enactment of the GENIUS Act, the United States’ first comprehensive stablecoin legislation, marks a material shift in regulatory posture. Simultaneously, corporate treasury allocations into Bitcoin confirm institutional confidence in digital assets and investor appetite.
However, institutional activity has moderated after a series of strong inflows, highlighting some correction risks. In this regard, Bitcoin ETFs recorded net outflows on Monday, a marked shift from prior accumulation, as inflows gradually decreased from a peak of USD 1.1 billion earlier this month.
The outflows may reflect investor caution in light of unresolved macro-risks. The looming August 1st trade deadline remained a source of uncertainty for investors and could fuel moves toward safe-haven assets. Investors could also monitor Fed members’ comments, which could affect monetary policy expectations.
Zaid Barem / ymm



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