Bitcoin Drops Below $63K Amid Record Low Coinbase Premium and EU Regulatory Scrutiny
On July 8, Bitcoin fell slightly below $62.5K after a -1.1% drop in the past day amid mixed ETF flows and record low institutional demand as reflected by the Coinbase premium index hitting its longest negative streak at 50 days. Privacy coins Zcash (ZEC) and Monero (XMR) bucked the trend with gains of +5.5% and +2%, respectively, while EU regulators are considering stricter crypto regulations.
Topics: Bitcoin Coinbase Premium ETF flows Fear & Greed Index Monero Zcash