TechFlow news, July 13, according to CoinDesk, influenced by the mutual airstrikes between the US and Iran over the weekend, market risk-off sentiment intensified, Bitcoin has fallen more than 1% since 00:00 UTC on July 13, hovering around $63,000. Meanwhile, Brent crude oil once rose more than 3%, as the market worries about transportation risks in the Strait of Hormuz and the potential inflationary pressure.
Despite short-term pressure from geopolitical factors, the crypto market remains supported by some positive signals. Spot Bitcoin and Ethereum ETFs ended eight consecutive weeks of capital outflows, indicating an improvement in capital demand.
In addition, the upcoming CPI and PPI data in the US, as well as the progress of the CLARITY Act, will also continue to affect the market's judgment on the interest rate path and regulatory environment.
