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18:42
The Central Bank of Russia plans to use Bitcoin and cryptocurrencies for international trade in September.
The Central Bank of Russia has announced plans to legalize Bitcoin and cryptocurrencies for international trade as early as September, in order to bypass Western sanctions. (The Bitcoin Historian)
18:35
Night session main contract closing
As of the 2:30 close, the main SC crude oil contract closed up 0.05% at 442 yuan per barrel.
18:32
Markus Thielen analyzes the risk of bitcoin falling below $50,000 and remains bearish on ethereum
Markus Thielen from 10x Research stated that ETF outflows, macroeconomic resistance, and the lack of catalysts are pushing BTC prices downward. He believes there is a risk of BTC prices dropping below $50,000 to the $46,000–$47,000 range. Markus Thielen holds a bearish view on Bitcoin and Ethereum, and points out that HYPE was overvalued at $72 and is unlikely to reach $100. In addition, $4.5 billion in ETF outflows and Saylor's Bitcoin sales are impacting the market.
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