Czech and Slovak e-shops eye investments and expansion
2 days ago
Bitcoin fell below $62,000 on July 8 amid a fresh exchange of strikes between the US and Iran, after President Donald Trump said he considered the ceasefire over, in a market roundup published the same day.
The drop points to risk assets retreating as the collapse of the US-Iran ceasefire drives investors towards safer holdings, with the cryptocurrency's recent gains unwinding as geopolitical tension mounts.
Bitcoin's latest rise above $64,000 had been speculative in nature, with retail traders aggressively opening leveraged long positions while spot volumes fell, according to CryptoQuant, cited in the roundup.
The $61,000 level was key to the current market structure, and if it held, a move towards $68,000 remained possible, said Michael van de Poppe, founder of MN Trading.
Market veteran Peter Brandt said he might sell part of his bitcoin holdings to build positions in gold, arguing the metal would continue to outperform the cryptocurrency, according to the report.
Stablecoin reserves on centralised exchanges rose to $93bn, with Binance Research quoted as saying stablecoins were becoming a settlement layer connecting traditional finance with digital assets.
The US Securities and Exchange Commission intends to issue its first formal crypto rule under chair Paul Atkins in July, opening a legal route for startups to raise funds, the roundup said.
Shares in most major crypto companies that listed since mid-2025 were trading below their offering prices, with Gemini down 89% and BitGo and Bullish off more than 70%.
India's central bank has again called for a ban on cryptocurrencies, proposing that banks and financial institutions be barred from operations involving crypto assets and private stablecoins, according to Reuters cited in the report.
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