U.S. spot Bitcoin ETFs recorded $424.7 million in net outflows on July 13, while spot Ethereum ETFs saw $15.4 million in net outflows.
Bitcoin held near $62,600 as renewed U.S.-Iran tensions around the Strait of Hormuz pushed oil prices higher and traders raised July Fed rate hike expectations ahead of the U.S. inflation report.
The U.S. government moved approximately $288 million in seized Bitcoin and Ethereum to Coinbase Prime, raising market attention around potential government-held crypto sales even though the transfer does not confirm an immediate sale.
The CLARITY Act gained another law enforcement endorsement before its Senate push, while political debate over ethics provisions and officials’ crypto exposure continued to shape the market-structure bill.
New Hampshire signed new “Blockchain Basic Laws” after adopting a Bitcoin reserve framework, adding state-level protections for crypto users, miners and stakers.
Bitcoin is trading around $62,561, while Ethereum is trading around $1,781.
The Fear and Greed Index stands at 28, indicating fear in market sentiment.
