In crypto information in the present day (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 by way of ETFs yesterday, with over $200M of that coming from BlackRock’s IBIT after it bought almost $10Bn over the previous ten periods.
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 in the present day, with privacy-focused initiatives defying the percentages, up +5.5% and +2%, respectively.
The Concern & Greed Index briefly exited ‘Excessive Concern’ 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 At the moment: Coinbase Bitcoin Premium Data Longest Unfavourable Streak at 50 Days
The Coinbase Bitcoin Premium Index has remained under zero for 50 consecutive days, marking the longest adverse streak because the metric was launched. In accordance with analysts, the development could sign continued promoting strain from US institutional buyers.
In accordance with CoinGlass, the index has remained in adverse 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 world markets.
As a result of Coinbase is extensively thought to be one of many major buying and selling venues for US institutional buyers, a adverse studying usually signifies stronger promoting strain in the USA than in different areas.
Since early Might, the index has moved above zero solely as soon as. The earlier file was a 40-day adverse 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, internet outflows from these funds have reached roughly $6 billion because the starting of the yr.
Thorn added that whole belongings 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 file for ETF flows, based on the info.
COINBASE BTC PREMIUM INDEX IN NEGATIVE TERRITORY FOR RECORD 50 STRAIGHT DAYS!
The index has stayed adverse 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 Seeking to Tighten Crypto Regulation Even Additional Following MiCA Launch
In different crypto information in the present day, European Union lawmakers have adopted a place paper on digital belongings that outlines how the EU ought to develop rules for the cryptocurrency market following the implementation of the Markets in Crypto-Belongings (MiCA) framework.
The European Fee is being requested to judge whether or not areas comparable to decentralized finance (DeFi), crypto lending and borrowing, staking, and non-fungible tokens (NFTs) ought 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 rules might 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 belongings. 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 At the moment (July 8): BTC Drops Again to $62K, Coinbase Premium Hits Report Lows, and the EU is Eyeing Even Tighter Crypto Regulation appeared first on 99Bitcoins.
