In crypto information at the moment (July 8), Bitcoin has skilled a slight retracement, nonetheless sitting comfortably above $60,000, however down -1.1% over the previous 24-hours and buying and selling for round $62,600. Liquidations have slowed since yesterday, dropping from over $532M to $345M, with over $240M of that determine coming from lengthy positions, highlighting that overly optimistic bulls have been punished by this pullback.
Yesterday noticed a second consecutive day of optimistic ETF flows for Bitcoin, a metric that’s serving to the market in its latest rally. Over $265M in BTC was purchased through ETFs yesterday, with over $200M of that coming from BlackRock’s IBIT after it offered practically $10Bn over the previous ten classes.
Whereas the vast majority of tokens skilled a slight retracement in a single day, Zcash (ZEC) and Monero (XMR) are two of the extra notable initiatives within the inexperienced at the moment, with privacy-focused initiatives defying the percentages, up +5.5% and +2%, respectively.
The Worry & Greed Index briefly exited ‘Excessive Worry’ yesterday, climbing to 27/100; nevertheless, this slight drop throughout markets has led to a return to twenty/100. Till Bitcoin breaks cleanly above $65,000, the index will doubtless proceed to flip-flop round these ranges.
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Crypto Information Right now: Coinbase Bitcoin Premium Data Longest Detrimental Streak at 50 Days
The Coinbase Bitcoin Premium Index has remained beneath zero for 50 consecutive days, marking the longest damaging streak because the metric was launched. In accordance with analysts, the development could sign continued promoting stress from US institutional buyers.
In accordance with CoinGlass, the index has remained in damaging territory since Might 19, 2026. Its newest studying stands at -0.0742%. The metric measures the distinction between Bitcoin’s value on Coinbase and its common value throughout international markets.
As a result of Coinbase is broadly considered one of many main buying and selling venues for US institutional buyers, a damaging studying usually signifies stronger promoting stress in the US than in different areas.
Since early Might, the index has moved above zero solely as soon as. The earlier report was a 40-day damaging streak that lasted from Jan. 16 to February 24, 2026.
Analysts famous that the extended weak spot within the Coinbase Bitcoin Premium Index has coincided with persistent outflows from US spot Bitcoin ETFs.
In accordance with Galaxy Digital Head of Analysis Alex Thorn, web outflows from these funds have reached roughly $6 billion because the starting of the yr.
Thorn added that complete property held by US spot Bitcoin ETFs have fallen to about $74.4Bn, down from greater than $150Bn at their peak. June was one of many weakest months on report for ETF flows, in line with the info.
COINBASE BTC PREMIUM INDEX IN NEGATIVE TERRITORY FOR RECORD 50 STRAIGHT DAYS!
The index has stayed damaging since Might 19, the longest streak ever recorded.
This implies Bitcoin is cheaper on Coinbase than globally, signaling weaker U.S. institutional demand proper now. pic.twitter.com/wXkjhMseSl
— Crypto Banter (@crypto_banter) July 7, 2026
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EU Parliament Trying to Tighten Crypto Regulation Even Additional Following MiCA Launch
In different crypto information at the moment, European Union lawmakers have adopted a place paper on digital property that outlines how the EU ought to develop laws for the cryptocurrency market following the implementation of the Markets in Crypto-Belongings (MiCA) framework.
The European Fee is being requested to guage whether or not areas equivalent to decentralized finance (DeFi), crypto lending and borrowing, staking, and non-fungible tokens (NFTs) needs to be extra explicitly included inside the EU’s regulatory framework.
In accordance with the European Parliament’s web site, lawmakers additionally emphasised the necessity for constant software of MiCA throughout all member states, warning that separate nationwide laws may fragment the EU’s single digital asset market.
The approval of the report titled “Digital Belongings: Challenges for the Competitiveness and Integrity of the European Union’s Monetary System” establishes the European Parliament’s official coverage place on digital property. Nonetheless, the doc doesn’t amend MiCA or impose new authorized obligations on crypto firms.
As of July 1, the transitional interval for MiCA has ended. From that date ahead, crypto-asset service suppliers that fall beneath the framework should acquire both EU-wide or nationwide authorization to proceed working inside the European Union.
EU Parliament desires DeFi, staking and NFTs pulled into the rulebook
Lawmakers simply voted. The European Parliament (@Europarl_EN) adopted its official place Tuesday, asking the Fee to check whether or not DeFi, staking, crypto lending and NFTs ought to fall beneath MiCA.
No new… pic.twitter.com/N2L7m3JJXr
— BSCN (@BSCNews) July 7, 2026
The publish Crypto Information Right now (July 8): BTC Drops Again to $62K, Coinbase Premium Hits File Lows, and the EU is Eyeing Even Tighter Crypto Regulation appeared first on 99Bitcoins.
