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Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
The latest price moves in crypto markets in context for July 12, 2023.
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst.
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
ARK currently owns 11.03 million shares of Coinbase.
PLUS: Chinese Yuan-backed stablecoins are an impossibility.
Crypto investors now effectively lend $614 million to the U.S. government via different tokenized Treasury products, according to real-world asset data firm RWA.xyz.
While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.
Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data.
- 20:16Goldman Sachs Lowers U.S. Q1 GDP Growth Forecast to 0.1%According to a report by Jinse, Goldman Sachs economists now expect the annualized growth rate of the U.S. economy in the first quarter to be 0.1%, down from the previous forecast of 0.4%. Last month, new home sales in the U.S. exceeded expectations, but the decline in the construction deflator was less than Goldman Sachs expected, weakening the interpretation of growth adjusted for inflation. The United States will release the preliminary GDP data for the first quarter on April 30.
- 20:16U.S. stocks closed sharply higher, with the Dow up 1.07% and the Nasdaq up 2.50%U.S. stocks closed sharply higher, with the Dow up 1.07%, the Nasdaq up 2.50%, and the S&P 500 up 1.66%. Technology stocks led the gains, with Tesla and Intel both rising more than 5%, Amazon and Meta rising over 4%, Nvidia climbing nearly 4%, and Apple, Google, and Microsoft rising over 2%.
- 19:05Federal Reserve Beige Book: Economic activity stable, but uncertainty leads to significant deterioration in several regions' outlookJinse reports that the Federal Reserve Beige Book indicates that U.S. prices are rising and that economic activity and employment in most parts of the United States have changed little since March. The report reflects some early impacts of President Trump's erratic implementation of comprehensive tariffs aimed at reshaping global trade. "Uncertainty over international trade policy is widespread in the report. With rising economic uncertainty, especially surrounding tariffs, the outlook in several regions has significantly deteriorated."