🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
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📖 Day 1 · Quiz (Single Choic
The cryptocurrency market, which has been showing a decline for a long time, signaled a recovery alongside new agenda items. In an environment where the declines were bought, there was also a net inflow of money in spot Bitcoin ETFs.
Bitcoin started the new week eagerly. The BTC price managed to rise above $56,700. The cryptocurrency market gave positive signals alongside the rise in BTC.
Expectations that the launch of Spot Ethereum ETFs and the US inflation data will give the green light to interest rate cuts triggered the market's rise.
On the first trading day of the new week, there was a net inflow of funds in spot Bitcoin ETFs.
What happened with Spot Bitcoin ETFs?
According to the data obtained from SoSoValue, spot Bitcoin ETFs saw a net inflow of 294.9 million dollars on the first trading day of the week, July 8th.
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