Record $474 Million Flowed into Crypto Market in July: Will It Change Sentiment?

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Crypto market saw highest monthly fund inflow of the year with $474 million coming in July btc bitcoin rth crypto shib doge xrp cardano sol

for the crypto market. The first green monthly candle since early April and closing above 200WMA are great signs for BTC. At the moment, the start of the new week is accompanied by a decline, which is generally not bad as we need to test the 200WMA for the $22,880 support. But do not forget that Bitcoin is highly correlated with the S&P500, which can drag it down. Like any instrument, the stock market could also use a correction after a strong rise.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

 

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