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Bitcoin (BTC), which is currently trading at $30,300, has fallen about 3% since Friday’s rally to an all-time high above $31,300. Analysts believe that the crypto’s 20% rise over the last 10 days started after asset management company BlackRock filed for a bitcoin ETF. They suspect this is a green light from large institutional investors who want to move further into the market. NEAR Protocol’s NEAR token is the top-performing digital asset on Monday. It’s up 10% for the day. The token rose as , the foundation of the company, announced that it would partner up with Alibaba Cloud. Alibaba Cloud is the computing and storage arm of the Chinese tech giant.

According to Bloomberg Senior ETF Analyst Eric Balchunas, ProShares Bitcoin Strategy ETF, a Bitcoin Futures Fund offered in the U.S., recorded the largest weekly inflow last week as bitcoin prices broke the $30,000 mark. BITO is a regulated fund that allows investors to get exposure to bitcoin linked returns. The latest holdings show the fund has over $1 billion in CME Bitcoin Futures. In the last week, investors poured $65,000,000 into BITO, surpassing an April 2023 record of $40,000,000. In May and June, the product saw no significant inflows alongside a decline in bitcoin’s price.

According to a notice published on Friday, Belgium’s top market regulator has ordered Binance, the embattled cryptocurrency exchange, to cease providing services to local customers. The notice stated that “the FSMA ordered Binance to immediately cease offering or providing such services in Belgium.”

Chart of the Day


  • The chart shows that a recent surge in bitcoin cash has been accompanied by an increase in trading volumes, and a spike in social volume. This metric represents the level of chatter on social media about the cryptocurrency.
  • The uptrend is confirmed by an increase in the trading volume and a rise in prices. Increasing social chatter can be interpreted as an interim market peak.

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Stephen Alpher edited the book.